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Valley Journal Advertiser - - COVER STORY ON THE STREET: LEGALIZATION -

Colby Clark, An­napo­lis Val­ley Cham­ber of Com­merce pres­i­dent:

“The Cannabis in­dus­try is ex­pected to be worth $6.8 bil­lion by 2020, which is al­most as large as the wine in­dus­try at $7 bil­lion. Cana­dian busi­nesses are well po­si­tioned to take ad­van­tage of this wa­ter­shed mo­ment and be­come global in­dus­try lead­ers in cul­ti­va­tion, whole­sale/re­tail, value added, tourism, med­i­cal ap­pli­ca­tions, re­search, con­sult­ing, etc. Canada is be­com­ing the sec­ond coun­try to le­gal­ize the recre­ational use of cannabis which al­lows our busi­nesses to have a first­mover ad­van­tage in a bud­ding in­dus­try (pun in­tended).

Given pro­vin­cial govern­ments have the abil­ity to con­trol dis­tri­bu­tion, some prov­inces will have a greater busi­ness op­por­tu­nity than oth­ers. Nova Sco­tia has de­cided to not al­low pri­vate re­tail out­lets but we have seen in­vest­ment on the pro­duc­tion side. A lo­cal ex­am­ple is Auxly Cannabis Group, which is cur­rently con­struct­ing a fa­cil­ity in the Kentville Busi­ness Park.

The AVCC is look­ing for­ward to see­ing the in­dus­try evolve over the weeks, months and years to come.”

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