Real-estate company RE/MAX released its 2019 Cannabis Survey, concluding the cannabis industry is resulting in localized housing-market “micro-booms” in communities surrounding major cannabis production sites like Smith’s Falls and Leamington. The result has been spiking prices and some housing shortages.
NewsWire, Re/Max Huffington Post
- Though residents in some areas have complained about odours associated with cannabis production, a facility is likely to raise nearby property values rather than lowering them.
- The Alberta Cannabis Micro License Association, an upstart micro-cultivators association, hopes to turn their affiliation into a canna-tourism attraction, like the Niagara wine region.
- Pharmacy corporation Rexall entered the sector as its online wellness subsidiary Well.ca received a sales license from Health Canada. Rexall’s parent is multinational health care behemoth McKesson, whose 2018 revenue was $208B.
Twitter—Deepak Anand, David George-Cosh