Today, June 19, 2018, Canada’s federal government’s bill legalizing recreational cannabis passed 52-29. This paves the way for a fully legal market for Cannabis within 8-12 weeks.
“It’s been too easy for our kids to get marijuana – and for criminals to reap the profits. Today, we change that. Our plan to legalize & regulate marijuana just passed the Senate,” stated Prime Minister Justin Trudeau.
Prime Minister Trudeau is set to deliver on his promise of legalized Cannabis, fulfilling his 2015 campaign promise.
Canada is expected to be the first G7 nation to fully legalize Cannabis.
Yesterday, Ottawa’s House of Commons voted 205-82 sending the legislation back to the Senate. With 13 of the 46 amendments proposed accepted, Senator Peter Harder urged his colleagues to pass the bill known as Bill – C or as the Cannabis Act.
The market for legal weed is expected to be worth over $4 billion. Canada’s Finance Minister Bill Morneau stated that the taxes on legal cannabis are expected to bring in about $300 million.
Would this mean that Canadians can paint their maple leaf green?
Here in the US, the Republican Party of Texas voted to officially support the decriminalization of marijuana and the use of medical marijuana last Saturday.
Recently, a bipartisan legislation has also been circulated through the Senate by Cory Gardner, a Republican from Colorado, and Elizabeth Warren, a Democrat from Massachusetts, aiming to protect Cannabis users who follow state regulations from prosecution.
The 2018 Farm Bill to legalize Hemp has Bipartisan support. The 2018 Farm Bill is a bipartisan collection of laws and funding to help farmers and rural communities across the U.S. “I think it’s time we took this step,” McConnell said before the Senate Committee on Agriculture, Nutrition, and Forestry on last Wednesday..