Canada legalises cannabis for recreational use

18 October, 2018, 00:13 | Author: Essie Rivera
  • Cannabis plants grow in a greenhouse in Pelham Ontario Canada

On Wednesday, Canada became the second and largest country in the world to legalise cannabis for recreational purposes.

"We believe that the legalization in Canada offers a roadmap to invest in the companies that will form the basis of the legal cannabis industry in the coming years", Jon Trauben, a managing partner at the cannabis-focused Altitude Investment Management, said. Until yesterday Uruguay was the only country to have legalized the entire value chain for adult recreational use of marijuana.

The Associated Press reported late Tuesday that retail marijuana sales had begun in Newfoundland, the country's easternmost province, shortly after midnight local time.

Besides the economic boost and becoming even more appealing to American's south of the Canadian border, Canada's new drug laws will make Don Cherry's suits an even more surreal experience for Hockey Night in Canada viewers. "Teenage Tom Clarke is loving what I am doing with my life right now", he said.

Separately, Public Safety Minister Ralph Goodale on Wednesday said the government would waive the fee and waiting period when people who have been convicted of possession of up to 30 grams of marijuana apply for pardons, after they've served their sentences.

The Ontario government has introduced legislation to govern the sale and consumption of cannabis in the province, which is expected to pass this week.

Ontario's Progressive Conservative government recently announced cannabis would initially be sold online through a government agency, followed by private retail stores in April. Canadians can also grow up to four marijuana plants in their home and buy from a provincially regulated retailer.

Activist Dana Larsen of Sensible BC says he'll be handing out free joints and seeds at the legislature between 3 and 6 p.m. Wednesday, while the group also protests what he called "the bad prohibition that is still in place". We just made history.

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Nine states in the United States and the District of Columbia now allow recreational marijuana use.

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Some provinces may opt to set the age limit at 19.

Canada's federally coherent regulations will give investors and businesses in the cannabis industry access to banking, public markets, and the ability to sponsor pharmaceutical research and publish papers - just like in any other industry.

Inside the store, he said Cannabis NB employees knew what they were talking about and there was a lot of variety.

"It's a historic day, a real first", said Alain Brunet, project manager for the Quebec's government corporation overseeing the stores. She hopes to make money from pipes, bongs and marijuana paraphernalia.

"I'm not a drinker, I like to smoke", she said. "You got to sell $250,000 worth of product in order to make $20,000".

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