Shares of marijuana-related companies sold off Thursday amid industry uncertainty in the wake of the release of the federal government's legislation aimed at legalizing recreational marijuana. In legislation tabled Thursday, Ottawa said it will:Bring in a federal licensing regime for cannabis production. Set minimum federal conditions that provincial and territorial legislation for the distribution and retail sale of pot would be required to meet. In a release, Kennedy also said that unfairly restricting product formats and branding would give an unfair advantage to black market operators and other producers selling low-quality products at low prices. Federal ministers said Thursday that the pricing and taxation of recreational pot remain to be worked out with the provinces and producers.

Source: CBC News April 13, 2017 20:11 UTC