Article by Sharon Lindores, Financial Post
Good morning. Inside the risky strategy that made Canada’s biggest pension plans the new ‘masters of the universe’. Will OPEC reach a deal in Vienna next month? And how Vancouver’s foreign buyers appear to be making their way to Toronto. These stories and more in your morning cheat sheet to the Financial Post.
It’s a hot, sunny afternoon on the hard edge of Toronto’s Queen Street West, and the foot traffic at Eden, a pot dispensary, is brisk. The average transaction, those in the business say, is $50. A pre-rolled joint is $12.
The Eden outlets are among the 100 or so pot dispensaries in the city, but there is easily demand, those in the industry say, for 1,000 such businesses. They’re owned and operated by a mix of campaigners and capitalists, David Akin reports.
Both campaigners and the capitalists are eager for the Trudeau government to do as it promised and remove the legal prohibitions hanging over their retail operations. But they are suspicious that Ottawa’s still-under-discussion plans for legalizing marijuana will favour corporate interests and freeze out the independents.