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0 0.0219746835443039 -0.0113164556962026 0.0162784810126583 -0.0506329113924051 -0.0309367088607595 -0.0429873417721519 -0.0331898734177215
Stock impact report

Cannabis Legalization Efforts Perk Up With Growing Medical Backing

Neptune Wellness Solutions Inc. - Ordinary Shares (NEPT) 
Company Research Source: PR Newswire
NEW YORK, May 13, 2019 /PRNewswire/ -- The cannabis industry made significant progress in 2018, however, many challenges still lie ahead. Last year, the industry reached historic milestones as Canada fully legalized cannabis and numerous other countries ratified the use of cannabis for medical applications. Moreover, three U.S. states also moved to legalize a form of cannabis legislation. Notably, Michigan became the 10th state, including the District of Columbia, to legalize recreational cannabis. Despite ongoing legalization efforts, national governments have played a large role in limiting the industry's growth. For instance, the Canadian government has curtailed retail hours and limited licensing for companies. As a result, the demand began to outweigh supply, leading to major shortages in certain provinces. The severe shortages then led dispensaries and e-commerce retailers to sell out of products and ultimately close for varying durations of time. Overall, the industry's growth Show less Read more
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