Canada is well on it’s way to legalizing recreational marijuana throughout the nation making us the second country in the world to do so. Uruguay was the first nation to legalize pot several years ago. Such a bold moves on the world stage will surely have an impact on other countries most likely starting with the US.
In 2012 Colorado voters pushed for legalized marijuana and got it. It became the first region in the world to do so and introduce taxes on weed like they do with liquor. To date, nearly 30 states have some medical marijuana law and in November eight states legalized marijuana for adults.
Canada will be in a good position to set up a lucrative export business, as populous countries like Germany have legalized medical marijuana as a nation and others consider relaxing their laws. According to Arcview, North Americans spent $6.7 billion on legal pot in 2016, up more than 30% from the year before. The end result of Canada pushing forth legalization gives the land of the free an upper hand on trepidatious countries who are sluggishly rolling various regulatory provisions. This has led to a hearty injection of activity on the markets as investors know the flight path appears to be set for high flying action for the cannabis industry. As much as the US had show progress that point to an inevitable legalization full board, the federal government still treats marijuana as an illicit substance much like cocaine or heroin.
Canada will be in a good position to set up a lucrative export business, as populous countries like Germany have legalized medical marijuana as a nation and others consider relaxing their laws. According to Arcview, North Americans spent $6.7 billion on legal pot in 2016, up more than 30% from the year before. The end result of Canada pushing forth legalization gives the land of the free an upper hand on trepidatious countries who are sluggishly rolling various regulatory provisions. This has led to a hearty injection of activity on the markets as investors know the flight path appears to be set for high flying action for the cannabis industry. As much as the US had show progress that point to an inevitable legalization full board, the federal government still treats marijuana as an illicit substance much like cocaine or heroin. The learnings that Canada will likely earn while setting up the market — like dealing with provinces that border the US — will be ones that the US , just as states like Oregon and Washington have had the benefit of learning from Colorado. Canada’s own recreational marijuana task force consulted with Colorado and Washington to get ready for legalization “If a nation like Canada approves it, sets up a regimen, provides a living laboratory of people right across the border that are a lot like us, it might help change the perceptions of some skeptics,” says the Oregon congressman. “But what is most compelling is the experience people have in their own lives and families.”
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