Canada Becomes 2nd Country To Legalize Recreational Weed

Lloyd Doyle
October 18, 2018

"Obviously we're on the cusp of an extraordinary period of development, utilization and need in this area", Mulroney said in an interview with Marijuana Business Daily, suggesting that while Canada is the first major industrialized country to legalize, he expects others to follow. USA companies either exploring or barreling into the cannabis trade include Coca-Cola and Constellation Brands, the maker of Corona beer. "I'm elated. I'm so excited, I can't stop smiling".

"I think we can be a shining example to our neighbors to the south, there is a very dynamic legalization community down there", Marc-Boris St. Maurice said.

In Cape Breton, platinum record-selling fiddler Ashley MacIsaac was among the first buyers, while in Toronto revellers attended a "Wake and Bake" party with music, a glass pipe blower and campfire treats. "We're making sure it looks nice from the outside but children won't be able to see into the store". "We don't have to hide it any more". In most provinces, adults can grow up to four plants, but not Quebec or Manitoba-and in British Columbia you can be fined or jailed if your cannabis plants are visible from a public space.

Shares of Canadian cannabis companies retreated on Wednesday after rallying in the run-up to legalization.

Despite the early problems, the move is a political win for Prime Minister Justin Trudeau, who vowed to legalize cannabis during his 2015 election campaign. People across the country waited in line for as long as seven hours to be among the first to legally buy pot in their local stores. While recreational weed is legal in eight states, including Washington and ME, which border Canada, people can not travel to and from such states with marijuana because customs and immigration are under federal jurisdiction.

Weed stocks were set to slide at Wednesday's opening bell after Canada become the second country to officially legalize marijuana. Around 4.9 million already smoke. Canada said it intends to pardon everyone with convictions for possessing up to 30 grams of marijuana, the newly legal threshold.

When you go to the OCS site, the very first thing it asks you to do is to enter your birthdate to confirm that you are at least 19 years old, which is the legal age for consuming cannabis in Canada.

For the most part, however, provinces will have one federally run online shopping destination. In Colorado, for instance, dried flower use made up 47 percent of last year's fourth-quarter sales, with demand for edibles and concentrates growing especially fast.

Beverage makers and pharmaceutical companies are also partnering in the sector, hoping to develop new products infused with THC or cannabidiol (CBD).

It's still unclear if legalisation will undercut the black market. Prices for illicit pot have plunged to an average of Can$6.79 per gram, and most legal sellers are charging more.

One in five Canadian teens and almost one in three young adults reported using cannabis in 2015, "some of the highest rates in the world", the Canadian government said.

According to a recent Gallup poll, 64% of Americans support cannabis legalization.

The nationwide market for cannabis opened on Wednesday at midnight amid lingering questions about the impact on health, the law and public safety.

Other reports by Iphone Fresh

Discuss This Article