Last week, we covered EY's recently released report (the Report) surveying
the bourgeoning cannabis sector in Canada.
The impending legalization of cannabis has weighty implications
for the Canadian economy, but may also impact the global markets
more broadly. Capital markets, the jobs market, mergers and
acquisitions activity and intellectual property, among others,
stand to be significantly affected.
This is an unprecedented opportunity for the country to be
the global leader in the cannabis space, to shape the regulatory
framework for cannabis around the world and to spur innovation and
economic productivity – The Report
Review
Following the most recent federal election, a task force was
created to report on the legalization and regulation of cannabis.
This task force delivered its report in November 2016. Shortly
thereafter, on April 13, 2017, the federal government released the
proposed Cannabis Act (Bill C-45) to legalize the
