On Oct. 17, pot becomes legal in Canada. And one of Canada’s richest farm belts, the area between Kitchener and Windsor, could cash in on the crop big time, Heather Rivers of The Windsor Star writes:
Already, there are 115 licensed producers approved to grow cannabis – the bulk of them in Ontario and British Columbia – with another 588 applicants awaiting approval, Health Canada statistics show.
With just weeks to go until the drug becomes legal Oct. 17 – and with weed stocks at an all-time high and industry giants and others investing heavily in cannabis production – the region could be poised to become one of Canada’s largest marijuana belts.
Beleave Kannabis Inc. is the latest company to jump on the pot bandwagon in Southwestern Ontario. The Hamilton-based firm announced this week it’s paying $6.7 million for 23,000 square metres of greenhouse space and 34 hectares on Wellington Road in London, where it plans to grow marijuana for the medical and recreational market.
Under the new law, adults can possess up to 30 grams of marijuana.
