Marijuana legislation in Canada is going to take a little longer than expected. The nation's health minister says the law will go in effect closer to August. Alan Brochstein, Founder of New Cannabis Ventures and 420 Invest, explains the market opportunity he sees in this emerging market. "I think its actually a positive because right now there's not a lot of inventory out there," said Brochstein. "If we want this to be a really good transition these companies need to be built up." This week a major Canadian insurance company announced plans to add medical marijuana coverage. Sun Life Financial will cover this type of treatment in group plans starting in March. "The world is their oyster right now," says Brochstein about the market opportunity for Cannabis in Canada. "I wish we'd (United States) would move toward Canada, but slow progress is better than no progress."

Share:
More In Technology
ITAA Helps People Fight Tech Addiction
About 61% of people who use the internet are addicted to it, according to research. Cheddar News dove in at a recent meeting for a 12-step program as part of a group called ITAA (Internet Technology Addicts Anonymous). The group ( https://internetaddictsanonymous.org/ ) was formed to help the growing number of tech addicts, with more than 6% of the globe's population now addicted, according to the University of Hong Kong.
Stretching Your Dollar: How to Make Home EV Charging Affordable
The push for clean energy is igniting an interest in electric vehicles but charging EVs continues to be a concern for consumers looking to save. Brian Moody, executive editor with Autotrader, joined Cheddar News to discuss how people can make home-charging more affordable.
Load More