Now That Marijuna is Legal In Canada..What Now?
Canada is the 2nd country in the world to implement legislation to permit a nationwide marijuana market on Wednesday, Oct. 17 2018.
Canada’s neighboring country the US has fully legalized recreational marijuana use in 9 states and medical marijuana use in 30 states.
How have the rules changed?
Only a few aspects of the law will be dictated at the federal level. This includes the limits to possession—adults will be permitted to have up to 30 grams of marijuana and as many as four plants per household. Medical marijuana, which has been legal since 2001, will remain in place.
Only the marijuana flower, seeds, plants, and cannabis oil are available for sale. Edibles and concentrates will not be permitted until next year. Legal marijuana has lower levels of THC, the principal psychoactive ingredient in marijuana that makes the user feel high. The rest of the regulations will be determined province to province, including where marijuana can be sold and consumed.
Now that Canada is fully open for any adult 18 and over to buy. You can seriously just walk up to a dispensary store in Canada and purchase bud in any store. Marijuana will now be sold in government stores or private stores or a mix of both, depending on the province. Users can also buy marijuana online and have products delivered to their homes. For the time being, it will not be sold in bars or restaurants.
In provinces such as Ontario, British Columbia, and Alberta people are allowed to smoke marijuana wherever cigarette smoking is permitted. In Halifax, there will be designated smoking areas. With jurisdiction delegated to the province level and below, some municipalities and even hotels and landlords are implementing their own rules and regulations around marijuana use—with some banning it entirely.
Who is trying to make the Benjamins now that marijuana is legal?
After Canada legalized it, many retailers and companies are looking to get dibs in the marijuana business.Marijuana Business Daily estimates that there is currently a $52.5 billiondemand for marijuana in the United States. Canada is the world’s largest national market for legal weed, and Cronos recently built a location there that can produce up to 40,000 kilograms of cannabis on an annual basis.
Walmart wants to start selling marijuana as well as Marlboro wants to get in the mix. Marlboro’s parent company is far from the only large corporation that seems to be placing its bets on the green. Molson Coors, Walmart, Pepsi, and Coca Cola are all household names that have publicly flirted with the possibility of creating cannabis products. The message is clear: Corporate cannabis is no longer the stuff of supposition, but rather a rapidly encroaching reality.
Then you have neighboring countries such as Mexico that are looking into legalizing it swell.