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2021-03-08
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Canada eyes tighter rules for grow-your-own pot producers
Choonru
2021-03-08
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??","listText":"Nice ??","text":"Nice ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329314940","repostId":"1134232335","repostType":4,"repost":{"id":"1134232335","kind":"news","pubTimestamp":1615205309,"share":"https://ttm.financial/m/news/1134232335?lang=&edition=fundamental","pubTime":"2021-03-08 20:08","market":"us","language":"en","title":"Young people looking to spend almost half of their stimulus check on stocks: Survey","url":"https://stock-news.laohu8.com/highlight/detail?id=1134232335","media":"cnbc","summary":"KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of thei","content":"<div>\n<p>KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40%...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Young people looking to spend almost half of their stimulus check on stocks: Survey</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYoung people looking to spend almost half of their stimulus check on stocks: Survey\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 20:08 GMT+8 <a href=https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40%...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/03/08/how-the-young-plan-to-spend-stimulus-checks-deutsche-bank.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1134232335","content_text":"KEY POINTS\n\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks.\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40% of any stimulus checks on stocks.\nAnd 35 to 54-year-olds surveyed planned to use 37% of their checks on stock market investment.\nThe over-55s surveyed said they’d put only 16% into stocks.\n\nA survey from Deutsche Bank has given an insight into how much cash from U.S. stimulus checks might find its way into the stock market.\nResponses in the survey showed that half of 25 to 34-year-olds plan to spend 50% of their stimulus checks on stocks, leading the German investment bank to state that “a large amount of the upcoming U.S. stimulus checks will probably find their way into equities.”\nMeanwhile, 18 to 24-year-olds involved in the survey planned to use 40% of any stimulus checks on stocks, and 35 to 54-year-olds surveyed planned to use 37% of their checks on stock market investment. The over-55s surveyed said they’d put only 16% into stocks.\nIn all, the online survey of 430 retail investors found that respondents plan to put a large chunk (37%) of any forthcoming stimulus directly into stocks, which could represent a sizable inflow into the market of $170 billion, Deutsche Bank estimated.\nThe report, authored by Deutsche Bank Strategist Jim Reid and Research Associate Raj Bhattacharyya and first published late last month, focused on a growing trend of younger people getting into retail investment.\nThe overall sample had nearly equal representation of those under 34 (41%) and 34-54 (37%) and a somewhat smaller share of those over 55 years of age, Deutsche Bank noted. In terms of income distribution, the biggest group was in the $50,000 to 100,000 range (34%), which aligns with the U.S. median income of around $69,000. Most respondents were either employed full-time (59%) or retired (12%).\nPrevious payments\nThe survey found that previous stimulus payments, handed out in recent months in a bid to jumpstart the U.S. economy in the midst of the coronavirus pandemic, “were widely reported as being used for investing in stocks.”\nA vast majority (72%) of the respondents reported getting a stimulus payment and more than half (53%) said they invested some of the stimulus money in the stock market. Younger people were much more likely to have invested in stocks using the payments, the research said.\nWhile the analysts noted that these checks were still a small proportion of the overall funds invested in the market, they predicted a change with the next batch of payments. “Going forward however, survey respondents plan to put a large chunk (37%) of any forthcoming stimulus checks directly into equities, which could represent a sizable inflow,” the bank said.\n‘Aggressive cohort’\nNew retail investors are seen as a key driver of a rally in U.S. stock markets over the past year, described by strategists as the 2020 “retail wave.” The survey found that more than half of all respondents raised their investments in stocks over the past year, with just under half (45%) investing for the very first time.\n“Behind the recent surge in retail investing is a younger, often new-to-investing, and aggressive cohort not afraid to employ leverage,” Reid and Bhattacharyya noted.\n“Given stimulus checks are currently penciled in at circa $405 billion in Biden’s plan (before Senate revisions), that gives us a maximum of around $150 billion that could go into U.S. equities based on our survey,” although they noted that only a proportion of stimulus check recipients have trading accounts.\n“If we estimate this at around 20% (based on some historical assumptions), that would still provide around circa $30 billion of firepower — and that’s before we talk about any possible boosts to 401k plans outside of trading accounts.”\nInternational markets will be keeping a keen eye on the progress of the Covid relief bill in the coming days. The Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments.\nThe legislation includes direct payments of up to $1,400 to most Americans, a $300 weekly boost to jobless benefits into September and an expansion of the child tax credit for one year. The Democrat-controlled House will pass the bill later this week and President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.\nThe retail investment theme has also been seen as a reason behind the recent volatility of some under loved stocks in the U.S. Some investors have used the social media platform Reddit to coordinate trades on certain stocks, pushing up the prices of those firms which has led to big losses for some hedge funds that had betted against them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329315542,"gmtCreate":1615207887886,"gmtModify":1704779550900,"author":{"id":"3574985079742194","authorId":"3574985079742194","name":"Choonru","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574985079742194","authorIdStr":"3574985079742194"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329315542","repostId":"1148943101","repostType":4,"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":329315542,"gmtCreate":1615207887886,"gmtModify":1704779550900,"author":{"id":"3574985079742194","authorId":"3574985079742194","name":"Choonru","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574985079742194","authorIdStr":"3574985079742194"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329315542","repostId":"1148943101","repostType":4,"repost":{"id":"1148943101","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615206066,"share":"https://ttm.financial/m/news/1148943101?lang=&edition=fundamental","pubTime":"2021-03-08 20:21","market":"us","language":"en","title":"Canada eyes tighter rules for grow-your-own pot producers","url":"https://stock-news.laohu8.com/highlight/detail?id=1148943101","media":"Reuters","summary":"Canada’s health regulator will launch a public consultation program on Monday in its draft guidance ","content":"<p>Canada’s health regulator will launch a public consultation program on Monday in its draft guidance for individuals growing medical cannabis at home, hoping to clamp down on people selling weed on the black market.</p>\n<p>In the draft document sent to some industry figures and seen by Reuters ahead of publication, Health Canada highlights recent police raids and arrests at production sites where people were using licenses to “cover and support large-scale illegal production and sale”.</p>\n<p>The move also comes as Health Canada tries to set right a relatively unstable official market, where illegal sales are one factor undermining the business plans of the dozens of producers and distributors set up over the past five years.</p>\n<p>“Abuse of the medical purposes framework undermines the integrity of the system that many patients and health care practitioners rely on to access cannabis to address their medical needs,” Health Canada said in the document.</p>\n<p>The draft guidance for the first time sets out factors that the regulator may consider in refusing or revoking a registration for “personal production”. Factors include authorization of unjustified amounts and “criminal activity and/or diversion of cannabis”.</p>\n<p>Health Canada could not be immediately reached for comment.</p>\n<p>Canada in 2018 was the first major country to legalize cannabis but its programs have since run into a myriad of troubles.</p>\n<p>Households spent more than C$3.1 billion buying non-medical pot from illicit channels last year versus C$2.9 billion of legal purchases, according to Statistics Canada data.</p>\n<p>In January, Ontario Provincial Police seized over 180,000 cannabis plants and numerous vehicles and firearms by raiding illegal cultivation facilities, many of which exploit Health Canada’s personal medical weed cultivation licenses.</p>\n<p>Under the rules, people using cannabis for medical purposes must get a daily amount authorized by medical care practitioners - doctors, nurses and social workers - to either be bought from official retailers or grown personally.</p>\n<p>Health Canada said in December it was seeing a surge in the amount of pot personal cultivators were being authorized to grow.</p>\n<p>Personal cultivators are allowed to grow as much as 36 grams per day on average, compared with just 2 grams authorized for daily purchase from retailers.</p>\n<p>Health Canada will invite “interested stakeholders” to comment in the public consultation, expected to run for 60 days through May 7, with the aim of improving the programs’ operation and judging what factors it should consider when assessing risks to public health, the guidance said.</p>\n<p>After the end of the two-month period, the regulator plans to finalize the guidance and make it public.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canada eyes tighter rules for grow-your-own pot producers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanada eyes tighter rules for grow-your-own pot producers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-08 20:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Canada’s health regulator will launch a public consultation program on Monday in its draft guidance for individuals growing medical cannabis at home, hoping to clamp down on people selling weed on the black market.</p>\n<p>In the draft document sent to some industry figures and seen by Reuters ahead of publication, Health Canada highlights recent police raids and arrests at production sites where people were using licenses to “cover and support large-scale illegal production and sale”.</p>\n<p>The move also comes as Health Canada tries to set right a relatively unstable official market, where illegal sales are one factor undermining the business plans of the dozens of producers and distributors set up over the past five years.</p>\n<p>“Abuse of the medical purposes framework undermines the integrity of the system that many patients and health care practitioners rely on to access cannabis to address their medical needs,” Health Canada said in the document.</p>\n<p>The draft guidance for the first time sets out factors that the regulator may consider in refusing or revoking a registration for “personal production”. Factors include authorization of unjustified amounts and “criminal activity and/or diversion of cannabis”.</p>\n<p>Health Canada could not be immediately reached for comment.</p>\n<p>Canada in 2018 was the first major country to legalize cannabis but its programs have since run into a myriad of troubles.</p>\n<p>Households spent more than C$3.1 billion buying non-medical pot from illicit channels last year versus C$2.9 billion of legal purchases, according to Statistics Canada data.</p>\n<p>In January, Ontario Provincial Police seized over 180,000 cannabis plants and numerous vehicles and firearms by raiding illegal cultivation facilities, many of which exploit Health Canada’s personal medical weed cultivation licenses.</p>\n<p>Under the rules, people using cannabis for medical purposes must get a daily amount authorized by medical care practitioners - doctors, nurses and social workers - to either be bought from official retailers or grown personally.</p>\n<p>Health Canada said in December it was seeing a surge in the amount of pot personal cultivators were being authorized to grow.</p>\n<p>Personal cultivators are allowed to grow as much as 36 grams per day on average, compared with just 2 grams authorized for daily purchase from retailers.</p>\n<p>Health Canada will invite “interested stakeholders” to comment in the public consultation, expected to run for 60 days through May 7, with the aim of improving the programs’ operation and judging what factors it should consider when assessing risks to public health, the guidance said.</p>\n<p>After the end of the two-month period, the regulator plans to finalize the guidance and make it public.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APHA":"Aphria Inc.","TLRY":"Tilray Inc.","CRON":"Cronos Group Inc.","ACB":"奥罗拉大麻公司","MJ":"Amplify Alternative Harvest ETF","CGC":"Canopy Growth Corporation","SNDL":"SNDL Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148943101","content_text":"Canada’s health regulator will launch a public consultation program on Monday in its draft guidance for individuals growing medical cannabis at home, hoping to clamp down on people selling weed on the black market.\nIn the draft document sent to some industry figures and seen by Reuters ahead of publication, Health Canada highlights recent police raids and arrests at production sites where people were using licenses to “cover and support large-scale illegal production and sale”.\nThe move also comes as Health Canada tries to set right a relatively unstable official market, where illegal sales are one factor undermining the business plans of the dozens of producers and distributors set up over the past five years.\n“Abuse of the medical purposes framework undermines the integrity of the system that many patients and health care practitioners rely on to access cannabis to address their medical needs,” Health Canada said in the document.\nThe draft guidance for the first time sets out factors that the regulator may consider in refusing or revoking a registration for “personal production”. Factors include authorization of unjustified amounts and “criminal activity and/or diversion of cannabis”.\nHealth Canada could not be immediately reached for comment.\nCanada in 2018 was the first major country to legalize cannabis but its programs have since run into a myriad of troubles.\nHouseholds spent more than C$3.1 billion buying non-medical pot from illicit channels last year versus C$2.9 billion of legal purchases, according to Statistics Canada data.\nIn January, Ontario Provincial Police seized over 180,000 cannabis plants and numerous vehicles and firearms by raiding illegal cultivation facilities, many of which exploit Health Canada’s personal medical weed cultivation licenses.\nUnder the rules, people using cannabis for medical purposes must get a daily amount authorized by medical care practitioners - doctors, nurses and social workers - to either be bought from official retailers or grown personally.\nHealth Canada said in December it was seeing a surge in the amount of pot personal cultivators were being authorized to grow.\nPersonal cultivators are allowed to grow as much as 36 grams per day on average, compared with just 2 grams authorized for daily purchase from retailers.\nHealth Canada will invite “interested stakeholders” to comment in the public consultation, expected to run for 60 days through May 7, with the aim of improving the programs’ operation and judging what factors it should consider when assessing risks to public health, the guidance said.\nAfter the end of the two-month period, the regulator plans to finalize the guidance and make it public.","news_type":1},"isVote":1,"tweetType":1,"viewCount":647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329314940,"gmtCreate":1615207913680,"gmtModify":1704779551545,"author":{"id":"3574985079742194","authorId":"3574985079742194","name":"Choonru","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574985079742194","authorIdStr":"3574985079742194"},"themes":[],"htmlText":"Nice ??","listText":"Nice ??","text":"Nice ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329314940","repostId":"1134232335","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
