Canada Will Legalize Marijuana Nationwide Starting October 17th

Anna Jefferson
June 23, 2018

Production of cannabis is regulated by the federal government, with provinces and cities given more powers over retail sales in stores that can be either private or government-owned.

Conservative senators also raised other concerns, such as slower USA border crossings, th at kept the bill in the upper house for about seven months.

Trudeau expected that the end of 95 years of prohibition would immediately begin to curtail the estimated C$6bn ($4.5bn) in profits pouring into the black market. If the USA government decides someday that its northern neighbor is on to something and ends its federal ban on marijuana, decisions on the subject should devolve back to the states. The government has said that they are first focusing on repealing and replacing laws surrounding marijuana and will later address previous convictions.

THE Canadian parliament has passed a bill to legalise the use of cannabis in a recreational capacity. California, home to one in eight Americans, launched the United States' biggest legal marijuana marketplace on January.

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Once the act comes into force, adults who are 18 or 19 years of age and older (depending on the province or territory) will be able to legally purchase, grow and use a limited quantity of cannabis. Marijuana will also not be sold in the same location as alcohol or tobacco.

Canada has voted to legalize the recreational use of marijuana.

However, that's no longer a concern as we're off to the races and companies like Canopy Growth Corp (TSX:WEED)(NYSE:CGC) can start putting their plans into motion as recreational pot sales will result in huge increases in demand, and share prices could soar even higher.

"We have witnessed today a very historic vote that ends 90 years of prohibition, that's historic". Currently, 29 states have legalized medical marijuana, with nine of those going the whole way and opening it up to personal use. A courageous move on the part of the government'. Blair said because they have been given the ability to set regulations in their jurisdictions as to how a legalized marijuana regime will operate, this extra time will allow for the final set up of retail establishments and get online systems up and running.

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However there was some resistance by health experts anxious that the low age of 18 would encourage use of a substance that can have long-term consequences on still-maturing brains.

Conservative senators remained staunchly opposed to legalization.

In Canada, much like in the United States, people of color are more likely to be arrested for marijuana-related offenses despite smoking marijuana at the same amount that whites do.

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