Canada Pot Stocks Rally as Ontario Plans to Open 150 Stores

Canadian marijuana producers rose on Friday after Ontario said it will open as many as 150 government-run pot stores and allow online purchases as the country gears up for legalized recreational sales next July. The Liquor Control Board of Ontario will reach the 150-store target by 2020 and manage the sale and distribution of marijuana, Ontario Finance Minister Charles Sousa said Friday. The stores won’t be housed inside government-owned liquor stores, and there will be as many as 80 stores operational in the first year, he said. -- More...