Organigram VP public affairs Cameron Bishop pressed Ottawa to support the cannabis industry or lose it to other countries. In a Twitter thread, he wrote,
- “I’ve never seen this before. A $100B-$200B industry and our federal government won’t take a bow???? Or work to promote it??? What?!!!! We need a medical #cannabis export strategy NOW.
- “We need to transfer some degree of promoting and enhancing this industry to [Innovation, Science, and Economic Development Canada] and [Global Affairs Canada]. When we lose our first mover advantage because #cdnpoli views the potential of this industry with disdain, what then?
- “[…] Honestly: I want one #cdnpoli leader to point me in the direction of a new sector of the economy with as much potential as #cannabis. Cripes the @bankofcanada had to revise their growth estimates because of their strength of this sector!
Quick Hits
- The source of LP investments is shifting from Bay Street to the UK, where family offices, funds, and private placements have been eager to contribute millions.
Financial Post - Sundial Growers, the largest privately held LP in the country, bought UK plant, flower, and herb producer Bridge Farm Group for an undisclosed amount. The acquisition will give Sundial a foothold in the UK’s booming CBD market.
Globe and Mail, Sky News - UK newspaper the Evening Standard profiled both legal and illicit REC retailers in Toronto.
Evening Standard
