As Canada’s cannabis legalization bill stumbles toward the finish line, there is suddenly a tremendous amount of political drama around the question of whether Canadians can grow their own cannabis.
Canada is still hammering out the final details for legalized recreational marijuana use, but it’s already being branded as the “world’s most important” cannabis exporter.
“If we had to open today, we could open 11 stores,” CEO and president Brian Harriman said at the World Cannabis Congress in Saint John on Monday.
That time could still be months away, despite the Liberals’ initial promise the law would change by July 1. Thursday’s vote was the final major hurdle in the marijuana legalization process, but there are still a number of steps to go before ending the 95-year prohibition.
From crime to health to business, Canada’s decision to legalize marijuana is a grand progressive experiment that promises to answer a host of questions.
Between $500M and $1B of those sales expected to be illegal.
All eyes are on Canada this coming week as the Senate get set to finally vote on the Cannabis Act after 14 months of discussion, debate, and passing or defeating amendments.
The race is on for growers to achieve the next level of licensing from Health Canada — the licence to sell.
Shares of upscale U.S. marijuana retailer MM Enterprises USA LLC are expected to begin trading on the Canadian Securities Exchange Tuesday, following the reverse takeover of a Canadian shell company and a $143-million raise that gives the company an implied value of more than $2 billion.