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The marijuana industry has grown quickly in recent years as a number of jurisdictions, including Canada and certain U.S. states, have explored new laws around the sale and use of marijuana. While many marijuana companies are promising investors the chance to capitalize on an opportunity for considerable future growth, investing in a marijuana company comes with a number of risks that investors should also be aware of. These risks include a relatively large amount of uncertainty in this emerging sector as laws and business models continue to evolve.
Read our new resource on investing in the marijuana industry to learn more about this investment space.
Yesterday the Canadian Securities Administrators (CSA) also published CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities which, among other things, outlines CSA staff’s specific disclosure expectations for issuers that have, or are in the process of developing, marijuana-related activities in the United States.
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Investment Risks
Understanding the relationship between risk and returns is an important step in becoming a more informed investor. Generally, the higher the potential return of an investment, the higher the risk of that investment. There is no guarantee that you will actually get a higher return by accepting more risk. Learn about the risk-return relationship.
Our Understanding Risk hub on GetSmarterAboutMoney.ca has many more articles and resources to help you understand investment risk.
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Check Before You Invest
We've developed several short animations to remind investors to always check the registration of any person or business trying to sell you an investment or give you investment advice. Watch the animations back to back at this link or find them, along with other resources, by following us @smarter_money on Twitter and @GetSmarterAboutMoney on Facebook.
Visit CheckBeforeYouInvest.ca to learn more about checking registration and disciplinary histories, spotting the warning signs of fraud and receiving investor alerts and warnings from the Ontario Securities Commission (OSC).
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Overconfidence
Do you frequently make trades in your investments based on financial news headlines? Many investors overestimate their ability to “beat the market” by trading frequently, leaving them with lower returns than they would get by just buying and holding a broad set of investments. Consider whether overconfidence might be affecting your portfolio.
Learn more about behavioural biases such as overconfidence to help avoid making investment mistakes. You can also read the Investor Office report Behavioural Insights: Key Concepts, Applications and Regulatory Considerations (OSC Staff Notice 11-778) that describes key principles and concepts of behavioural insights, and examines how leading practitioners are using these insights to improve government policy and financial regulation.
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OSC Annual Report
The OSC has published its 2017 Annual Report, which highlights the OSC's priorities in 2016-17, what we did to achieve them and why it's important.
To learn about the OSC's priorities this year, read the 2017-2018 Statement of Priorities which sets out the 15 priority areas where the OSC is focusing its resources and actions this fiscal year, as well as the expected outcomes. |
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TFSA Calculator
GetSmarterAboutMoney.ca has many popular tools and calculators, including our Tax-Free Savings Account (TFSA) calculator.
A TFSA can be used to save for any goal. You put after-tax dollars into a TFSA, but your investments grow tax-free and you won’t pay any tax on withdrawal. You can hold a wide variety of investments in a TFSA, for example cash, GICs, bonds, stocks, mutual funds and ETFs.
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Women on Boards and in Executive Officer Positions
Securities regulators, including the OSC, recently published findings from the third review of corporate governance as it relates to women on boards and in executive officer positions. While progress has been made, there remains much work to do. The OSC has also announced a roundtable on the topic to be held October 24.
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Proposed Amendments to Mandatory Central Counterparty Clearing of Derivatives
Comments due: January 10, 2018
The CSA published for comment proposed amendments relating to the mandatory central counterparty clearing of derivatives rules and changes to the companion policy.
Learn More
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Always know the 5 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog.
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Investor Office Teletownhall
October 24, 2017
Teletownhalls are a way for the Investor Office to connect with thousands of Ontarians at a time. Teletownhalls work much like a call-in radio show where OSC staff provide information, answer questions and conduct live polls over the course of one hour.
The next teletownhall is being held as part of Investor Education Month and will focus on how to spot some common investment scams. You can also ask OSC experts your investment and fraud-related questions.
Registration
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OSC in the Community
OSC staff are taking the Commission's regulatory mandate from Bay Street to Main Street with seminars on preventing fraud and making informed investment decisions.
- Toronto (Etobicoke) - October 25, 2017
- Cambridge - October 26, 2017
- Toronto (Downtown) - October 28, 2017
- Oshawa - October 30, 2017
- Mississauga - November 2, 2017
- Mississauga - November 13, 2017
Learn More
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Roundtable to Discuss Third Annual Review of Women on Boards and in Executive Officer Positions
October 24, 2017
The OSC will hold a roundtable to discuss the findings of its third annual review of disclosures made under National Instrument 58-101 Disclosure of Corporate Governance Practices relating to women on boards and in executive officer positions.
Learn More |
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Here are 8 questions to ask before choosing a financial advisor.
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