Skip to comments.Canada Senate to Vote on Marijuana Legalization
Posted on 06/07/2018 5:29:39 PM PDT by OneVike
The Senate vote on Bill C-45, commonly known as the Cannabis Act, was expected Thursday evening, ahead of a G7 summit of the leaders of the world's seven largest economies that was scheduled for Friday and Saturday in Charlevoix, Quebec. The legislation would legalize access to cannabis while controlling and regulating how it is grown, distributed and sold. Canadian regulators suggest that, if passed and signed into law, sales are likely to commence 10 to 12 weeks post-legalization.
Under the legislation, adults would be permitted to purchase up to 30 grams from distributors that have been licensed by the federal government.
The measure, which has already been passed by the House of Commons, would need to be approved in the lower chamber again because of amendments added to the Senate version. Prime Minister Justin Trudeau, who campaigned on a pledge to legalize the drug, has said he supported the bill, arguing it would impede young people from accessing marijuana.
.................... Canada's marijuana industry is expected to generate more than $7 billion in sales annually, according to a new report by Deloitte, with $4.3 billion coming from recreational sales, $1.7 billion from medicinal sales and approximately $1 billion from the black market. Deloitte predicted total cannabis spend could surge by as much as 58 percent, with regular marijuana consumers increasing purchases by up to 22 percent under the new law.
(Excerpt) Read more at usnews.com ...
Oh Goody; A bunch more hoser dopers, eh.
Screw Colorado, I'm going to Canada, eh?!
Wall Street is geared for its piece of the action. The banks too. And what Wall Street and the banks want, they get.
Canada is much more tolerant about “recreational” drugs and vices in general.
The more recreational drug production and sales, the less production and sales of useful items. It can ruin an economy. Many elite folks are happy with that paradigm along with anti-marriage laws and policies, though, because it keeps domestic business competition from rising and decreases population of European descent (which also keeps domestic competition from rising).
Lot of growers and distributors just ripe for a tasty IPO...
One a personal note though, all this legalization has been good for my soul. I no longer have to look back at 1982 me and see a dope dealing, drug addicted, criminal scumbag. No, now I can look back and see an oppressed visionary entrepreneur, decades ahead of his time...
Why stop there? How "useful" is beer? Soda? Who "needs" a Harley-Davidson? Or a chia pet? The economy is not a zero sum game. That's the kind of thing leftists believe. In socialist countries they don't have all those non-useful consumer goods. They should be the most robust economies the world, right?
I hope they funds set aside to deal with all the marijuana psychosis and schizophrenia this will create. That brain damage is for life.
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