After months of debate between Canada’s Senate and its House of Commons, and following years of promises from Prime Minister Justin Trudeau, our neighbor to the north stands on the verge of becoming the first industrialized country in the world to legalize recreational marijuana.
Subsequent to the passage of the Cannabis Act on June 19, Trudeau set a date of Oct. 17, 2018 as the official in-dispensary launch for adult-use weed sales. The four-month delay was to give provinces enough time to get their regulatory infrastructure in place, as well as allow growers and cannabis supply chains ample time to get their products into retail locations.
The legalization of recreational pot is expected to generate big bucks for the industry, and hopefully for enthusiastic investors, too. Already bringing in a few hundred million dollars annually from domestic medical marijuana sales and via exports to foreign countries where medical weed is