Medical Marijuana Industry

Justin Trudeau's election win gave Canadian pot stocks a boost Tuesday with his promise to legalize recreational cannabis expected to give a boost to the nation's nascent medical marijuana industry.

Administration officials said the policy shift seeks to address problems faced by newly licensed recreational marijuana retailers in Colorado, and medical cannabis dispensaries in other states, that must operate on a cash-only basis, without access to financial services or credit.

Justin Trudeau's election win gave Canadian pot stocks a boost Tuesday with his promise to legalize recreational cannabis expected to give a boost to the nation's nascent medical marijuana industry.

Administration officials said the policy shift seeks to address problems faced by newly licensed recreational marijuana retailers in Colorado, and medical cannabis dispensaries in other states, that must operate on a cash-only basis, without access to financial services or credit.