Cannabis Legalization Creates Nationwide Shortage in Canada

After a century of prohibition in Canada, recreational cannabis has become legalized on October 17 making them the first major economy to do so.

This brought about a high demand for the product causing shortages on certain strains and other cannabis products.

What is currently available?

Only dried buds are available in store shelves as retailers are unable to get any shipments of cannabis oils or gel caps. Delivery in every province is very limited.

Why the shortage and what to do about it?

Two words: Licensing issues.

Processing the applications can take up to 341 days. The ministry has hired 300 additional staff to review the applications without compromising quality and public safety.

A lack of qualified greenhouse workers also contributed to the delay in the delivery of products.

A short-term solution is allowing retailers to sell products they have sourced from the black market. It could cause a supply-demand balance.

Did you know that trading cannabis online is possible?

Cannabis CFDs can be traded online using a trusted broker like 24option.

Contract for difference or CFDs, provides investors with all the benefits and risks of owning a security without physically owning it.

A CFD is a contract between a buyer and seller, which at the end of the contract, both parties exchange the difference between the opening and closing of an asset.

Basically, you’re trading on the movement of the price of cannabis and not owning the underlying asset.
Is trading on 24option safe and easy?

Definitely!

24option is a multi-asset online platform for CFDs and has one of the most popular charting and analysis software with their MT4 platform.

It offers immediate order execution and real-time results and is used by trader of all levels. Their clients’ funds are safeguarded by being deposited in segregated bank accounts.

24option is regulated by the Cyprus Securities Exchange Commission (CySEC) and the International Financial Services Commission of Belize.

Visit 24option Site

Risk Warning: Trading forex and/or CFDs involves significant risk of loss. CFDs are leveraged products and it is possible to lose more than your initial investment.

Interested to Register with Other Recommended Brokers? Click Here!







6 Responses

Leave a Reply

You must be logged in to post a comment.