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The Trudeau government recently legalized recreational cannabis use with the aim of denying criminals hefty profits from the illicit pot trade. The government has overseen licensing of medicinal marijuana suppliers for years.

The February memos say the legal industry’s ability to raise capital should be seen as a positive sign, as long as the money comes from legitimate sources.

“The potential for organized crime to invest in the legal cannabis market through offshore tax havens exists, but does not appear fundamentally different from the potential for such investments in any and all sectors of the economy,” says a memo to the Public Safety Canada deputy minister, the ministry’s senior bureaucrat. “Given the government’s stated objective to strictly regulate the cannabis industry, there does not appear on the surface to be any strong pull factors for organized crime to invest in this sector, as compared to any other sectors.”

The RCMP had no active high-priority investigation related to organized crime’s suspected financial involvement with licensed pot producers, though the police force continued to monitor the situation, the Feb. 27 memo adds.

The French-language CBC’s flagship investigative program, Enquete, reported this month that the government had granted marijuana licences to companies and people with links to the criminal underworld.

Organized Crime Reduction Minister Bill Blair said Tuesday he has not seen evidence of any criminal enterprise infiltrating a licensed producer. “And should I see any evidence of that I am very confident that the RCMP and Health Canada would take all the steps necessary to protect Canadians,” he said during an appearance at the Senate’s question period.