Canada Becomes First Industrialized Nation to Legalize Marijuana

U.S. President Donald Trump speaks to members of the media on the South Lawn of the White House Washington D.C. Sat. Oct. 13. An American cannabis producer is warning Trump that Canada is poised to dominate the North American marijuana industry

In the United States, recreational cannabis has been legalised in eight states, while countries such as the Netherlands and Spain have decriminalised pot possession.

As the world's first major economy fully legalized cannabis, officials of US Customs and Border Protection warned they won't admit anyone arriving with the intent "to aid in the proliferation of the marijuana business". California, the largest legal market in the USA, earlier this month became the first state with a law mandating expungement of criminal convictions for marijuana-related offenses that no are longer illegal.

"We have actually three individuals right from California", he says.

THC, or tetrahydrocannabinol, is the main psychoactive ingredient in marijuana that gives users their high, while CBD or cannabinol is another, non-psychoactive ingredient.

The organization also maintains that by moving forward with the legalization of cannabis for non-medical purposes in disregard of its legal obligations and diplomatic commitments, the government of Canada has contributed to weakening the worldwide legal drug control framework and undermining the rules-based global order.

If things go well in Canada - lots of tax money flowing in, far fewer drug convictions, and a spike in Taco Bell sales - it could serve as an example of how other countries can move forward with their own legalization efforts.

Canadian provinces and municipalities have been preparing for months for the end of cannabis prohibition.

While Wednesday was a historic moment for the country, Anand said an element that has been lost in the discussion was that Health Canada also opened its internet portal to start taking new applications for cultivation and production.

More news: Canada to pardon small-scale pot convictions

British Columbia will have both private and government stores, but has yet to issue any private licenses. He purchased a gram, however, he said he would not be smoking the weed.

Consultants in pressed black aprons served a mostly older clientele browsing varieties of dried cannabis and bottles of tinctures.

As Canada welcomes legalization, supply shortages could develop, as happened in some U.S. states when legalization arrived.

That includes applications for micro-cultivation, the so-called craft cannabis sector promised as a potential entry point for small-scale producers that previously operated on the illegal side of the industry. The vote ended a 95-year-ban on the substance. We're doing it because we know it's not good for our children.

Goodale was flanked by other key ministers who have shepherded the cannabis file through a legislative and bureaucratic maze: Organized Crime Reduction Minister Bill Blair, Justice Minister Jody Wilson-Raybould and Health Minister Ginette Petitpas Taylor. "For the federal government to continue to deny this is foolish".

Based on the models of the federal statistics agency, Canada is a net exporter of marijuana, running a trade surplus with the world of C$664 million.

The Horizons Marijuana Life Sciences ETF (HMMJ.TO), a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry, fell almost eight per cent to about $23 per share. "It is time for Congress to step up and take similar action to harmonize our nation's state and federal marijuana policies".

Democratic Senator Ron Wyden of OR said it's time for the U.S. government to follow Canada's lead. "There is a lot of talk about changing different bills going through the USA congress", he said.

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