[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Bill Maher vs. an intelligent Christian (Maher loses). *mirror*

Ladies Professional Golf Association using facial recognition technology to surveil fans and spectators

The world’s most nutritious foods

Papa John's founder 'isn't going quietly,' lawyer says — Schnatter just dragged Kanye West into fight with the board

New Kentucky Law Puts Limits on Drone Spying, Will Help Thwart Federal Surveillance Program

What To Learn From The Social Justice Warrior Who Was Eaten By His Own Mob

Is the Media the “Enemy of the People”?

Well, I think I am going to have to schedule a surgery

War...

Las Vegas Police Body Cam: Cop Fires Through Windshield

3 Problems With Libertarianism - After Economics

Brazile, Rice, Obama Gave Russian Hackers Free Rein

The irrational hysteria over Trump and Putin

John Brennan Misses Communist Russia

The Latest: Trump says he misspoke on Russia meddling

Cop Charged After Video Shows Him Execute Unarmed Mother by Shooting Her in the Head

Cop Encounters Tortoise Going Too Slow on Highway, Overcomes His Fear and Doesn't Shoot.

Keeping Cops’ Hands Out of Your Pockets

Trump-Putin Summit Success: Neocons Furious!

Mandalay Bay's owner MGM has sued the Las Vegas mass shooting victims, claiming it's not liable for the massacre

Eric July On Why The Only Rights Are ‘Negative Rights’

Russian woman charged with being Putin’s SPY by joining NRA during Trump election campaign

Tucker Carlson: Mexico has interfered in US elections 'more successfully' than Russia

Months Before His Death, Anthony Bourdain Blasted ‘Rapey’ Bill Clinton, Exposed Hillary’s Complicity

The Shroud Of Turin Is Not Jesus' Burial Cloths

Trump calls off Cold War II

Police Come to Iraqi Veteran’s Home, Attempt to Confiscate His Guns, He Tells Them No

Hillary Clinton Is Exhausted, Everybody

‘Palestinian’ Man Skates Murder Charge for Stabbing Israeli Woman in Back, Sentenced on Assault

Trump's Putin Summit Is Another Reminder He Prefers Dictators to Democratic Leaders

Libertarians’ reality problem: How an estrangement from history yields abject failure

Trump Is Right to Meet Putin

Full transcript of Chris Wallace's interview in Helsinki with Russian president Vladimir Putin, as supplied by Fox News.

Chris Wallace interviews Russian President Vladimir Putin

Once Again, President Trump Is Magnificently Right—This Time About Russia

McCain rips Trump: 'One of the most disgraceful performances by an American president in memory'

Trump condemned as treasonous after press conference with Putin

How Everything is Racist, And You’re a Terrible Person

The big influence of 'Big Pink'

Documents Reveal Two US Soldiers Overheard Plot To Kill JFK—and Were Committed After Reporting It

Fox's Perino: Strzok marriage questions by GOP lawmaker 'felt like a public lynching (Relly? I don't think so, Dana!'

Trump: Strzok's testimony 'a disgrace to our country'

Trump Is Right: Mueller’s Latest Indictment Suggests He’s Conducting A Witch Hunt

Constitutional Conservatives Fail the Drug Test

Chipped Tires

A collision of views as Bath Township calls artist's work 'junk,' heads to court

How Elected Libertarians Are Making the World More Free

The fundamental contradiction of libertarianism

Dinosaur and man walking together

You're killin' me, Smalls. 'The Sandlot' celebrates 25th anniversary


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Canada legalizes marijuana, sales to start on October 17
Source: Business Insider
URL Source: http://www.businessinsider.com/cana ... rst-g7-country-to-do-so-2018-6
Published: Jun 20, 2018
Author: Jeremy Berke
Post Date: 2018-06-20 16:36:20 by Willie Green
Keywords: None
Views: 95
Comments: 5

Canada just became the second country in the world to legalize marijuana nationwide. Legal sales are set to begin October 17.

  • The bill passed Canada's Senate 52-29 on Tuesday evening.
  • Prime Minister Justin Trudeau promised during his 2015 campaign to legalize marijuana.
  • Marijuana stocks surged on the news on Wednesday morning.

Canada is the second country in the world to legalize marijuana, paving the way for recreational sales throughout the country.

Canada's Upper House of Parliament on Tuesday evening approved the revised bill 52-29, making Canada the first G7 country to legalize marijuana. Uruguay did so in 2013.

Prime Minister Justin Trudeau said on Wednesday that legalization would officially take effect on October 17, citing provincial requests for more time to develop retail infrastructure.

"It's been too easy for our kids to get marijuana — and for criminals to reap the profits," Trudeau said in a tweet on Tuesday evening. "Today, we change that. Our plan to legalize & regulate marijuana just passed the Senate."

What the bill does

Bill C-45, known as the Cannabis Act, legalizes marijuana but leaves it up to each province to decide how to sell it. Some provinces, like Ontario, are planning on provincially run outlets, while others, like Alberta, will open up marijuana retail to the private sector.

The federal government set a minimum age of 18 to purchase marijuana, though some provinces have indicated they will raise the age to 19, mirroring liquor-purchase laws. The bill makes the distribution and sale of marijuana to minors an offense. marijuanaIt's Canada's moment. REUTERS/Andres Stapff

Recreational sales are expected to begin in eight to 12 weeks, according to Reuters.

The bill was part of a promise that Trudeau's Liberal Party made during the 2015 campaign to keep marijuana out of young people's hands and move the illicit market into a regulated framework.

"I'm feeling just great," Sen. Tony Dean, who sponsored the bill in Canada's Senate, told the Canadian Broadcasting Corporation. "We've just witnessed a historic vote for Canada. The end of 90 years of prohibition. Transformative social policy, I think. A brave move on the part of the government."

Activists applauded the move

Cannabis activists cheered the move on Wednesday morning.

"Canada should be applauded for taking bold and decisive steps towards ending the failed prohibition of marijuana," Hannah Hetzer, the senior international policy manager for the Drug Policy Alliance, said in a statement. "Canada's progress will galvanize support for drug policy reforms in the US and all around the world."

Erik Altieri, the executive director of the National Organization for the Reform of Marijuana Laws, echoed Hetzer's sentiment.

"We applaud Canada for showing federal legislators in the United States what can be accomplished with true leadership and dedication to sound public policy," Altieri said in a statement.

Marijuana stocks are surging

Marijuana stocks surged on the news on Wednesday morning.

The Canadian Marijuana Index, an aggregate measurement of all publicly listed marijuana stocks in Canada, was up 3.3% as of 10:45 a.m. The overall North American index, which includes US stocks, was up 2.3%.

Golden Leaf Holdings, a cannabis company listed on the Canadian Securities Exchange, was the biggest gainer, with the stock surging 6.8%.

Legalized marijuana is expected to be a boon for Canada's economy. The Canadian Imperial Bank of Commerce, one of the country's largest banks, predicts that Canada's legal marijuana market will be a $6.5 billion industry by 2020.

Several Canadian marijuana firms, including Aurora Cannabis and Canopy Growth Corporation, are seeing a wave of investor excitement around marijuana legalization. Marijuana companies have been capitalizing on that liquidity to go on acquisition sprees.


Poster Comment:

(1 image)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Willie Green (#0)

The bill makes the distribution and sale of marijuana to minors an offense.

It is an offense now, right? Yet kids are smoking it. Meaning the distribution and sale of marijuana to minors won't change one bit.

misterwhite  posted on  2018-06-20   16:52:57 ET  Reply   Trace   Private Reply  


#2. To: Willie Green (#0) (Edited)

some provinces have indicated they will raise the age to 19, mirroring liquor-purchase laws

If the price is anything like liquor in Canada it will be very expensive. Taxes and gov regulation.

Leave it to government to bum out your trip.

hondo68  posted on  2018-06-20   17:48:45 ET  Reply   Trace   Private Reply  


#3. To: Willie Green (#0)

Canada legalizes marijuana

The voice of Canadian citizens has been heard!

Personal Freedom is Alive and Well in Canada!

Jameson  posted on  2018-06-20   18:10:41 ET  Reply   Trace   Private Reply  


#4. To: Willie Green (#0) (Edited)

That's the country with the soyboy pussy wearing fake eyebrows?
I tend to forget all about Canada's existence.

But thanks for the reminder of one of the best live albums ever recorded.

Hank Rearden  posted on  2018-06-21   9:50:19 ET  Reply   Trace   Private Reply  


#5. To: Hank Rearden (#4)

But thanks for the reminder of one of the best live albums ever recorded.

Willie Green  posted on  2018-06-21   10:48:49 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com