Two big announcements this week on the finance side of the emerging global cannabis industry. First, yesterday's word that the giant alcohol company, Constellation Brands, the maker of Corona Beer among others, is acquiring a stake in Canada's Canopy Growth Corporation. Canopy is possibly the...

Today, in a both exciting and sobering press release, Canada announced a plan to fully "legalize, strictly regulate and restrict access" to cannabis in the Great White North. The release starts bluntly: "The current approach to cannabis does not work." The government of Prime Minister Justin...