Canada Pot Stocks Surge After Report of Legalization Date

Mar 28, 2017, 00:28

Prime Minister Justin Trudeau's promise to legalise recreational marijuana has fuelled investment and speculation in the cannabis sector.

Former Toronto Police Chief Bill Blair briefed the Liberal caucus over the weekend about the rollout plan.

"The governing Liberals used last year's 4/20 celebrations - festivals held annually across the country in which marijuana enthusiasts publicly light up - to announce that they would table their legislation this spring".

The national age limit to buy marijuana will be 18, but provinces could set a higher limit. The legislation also comes with a home cultivation provision, one that will allow Canadians to grow up to four plants on their property for personal use.

In a recent poll, 51% of Canadians said they supported legalizing marijuana, and 33% said they opposed it.

The plan calls for the Canadian federal government to maintain "safety" standards for the drug and to license producers.

"Until we have a framework to control and regulate marijuana, the current laws apply", he said in a March 1 speech on Vancouver Island. "We haven't changed the laws". Yes, we got a clear mandate to do that.

Earlier this month, Saskatchewan's justice minister said his provincial government continues to have "grave" concerns about legalisation.

"The fact is that if you tax it too much, as you saw with cigarettes, you end up driving things toward a black market, which will not keep Canadians safe - particularly young Canadians", Trudeau said in December 2015.

The point was underscored days later as police carried out raids on more a dozen marijuana dispensaries across the country, laying charges of possession and trafficking on almost 20 people.

And if the report is accurate, that means cannabis will be legal by Canada Day next year - that's July 1.

While marijuana users and civil libertarians have long advocated for the legalization of pot, concerns have been raised by some police and health officials.

  • Season of Big Bash was expanded

    Season of Big Bash was expanded

    Female Rebel BBL starts their season from the 9th f December, which is 10 days earlier from the male season of KFC BBL games. Fans of cricket across the world can see the online stream at the official Australian cricket website, and throw its app.

    Pound jumps as inflation surges to 2.3%

    It is also more bad news for consumers who have already seen their purse strings squeezed with rising prices and stagnating wages. The central bank could now come under pressure to hike interest rates from their current ultra-low levels.

    Online gambling and betting increased over 1386% during past five years

    So in as much as stakeholders are heavily spending on ads, their audience is also responding very well to what they are offering. In addition to this, there’s a wide variety of games which the platform offers to cater for all types of gamers.
  • IPhone users warned about risky  new 'Hey, Siri 108' prank

    IPhone users warned about risky new 'Hey, Siri 108' prank

    This prank is problematic because it uses resources that are vital for others trying to receive help in real emergency situations. You can ask the iPhone feature, Siri, for the latest weather, directions or news. "I hit cancel right away, but now I'm scared".
    Fire at Guatemala orphanage leaves at least 19 dead

    Fire at Guatemala orphanage leaves at least 19 dead

    Officials transported the injured to the San Juan de Dios General Hospital, officials said. In 2013, a 14-year-old girl was strangled by another resident, investigators said.
    Plane crash-lands at South Sudan airport, several injured

    Plane crash-lands at South Sudan airport, several injured

    Video images obtained by AFP showed firefighters battling to put out the blaze as thick black smoke billowed from the aircraft. When the plane crashed, its door flew open, which allowed the pilot and rescue crews to get everybody out, Youngule said.
  • Will AMC troll us again with a 'Walking Dead' season finale?

    Will AMC troll us again with a 'Walking Dead' season finale?

    They're both tremendous actors and portray these characters with such power and grace; their energy is definitely felt on set. Sasha wants to snipe him from outside the Sanctuary, while Rosita wants to slip into the compound to make sure they kill him.

    DNA from one of Kim Jong Nam's kids confirmed his identity

    Last Tuesday, North Korea blocked all Malaysians from leaving the country until a "fair settlement" of the case is reached. He accused the regime of "holding our citizens hostage" before deciding Malaysia would do the same with North Koreans.
    Nascar eSports Future of Racing?

    Nascar eSports Future of Racing?

    Just like modern stars Cristiano Ronaldo and Lionel Messi have made soccer all the more popular in the United States of America. Still unsure? The series has been shown online since 2010, and the demand to watch it shows the growth is likely to continue.
  • 3-time champion Rafael Nadal beats Fernando Verdasco at Indian Wells

    It was the first time since their first match in 2004 that Federer and Nadal had met before the quarterfinals of a tournament. Kyrgios had set up the mouthwatering clash with Federer by beating world number two Novak Djokovic 6-4, 7-6 (3) on Wednesday.
    US House Oversight Committee Asks Gov't Entities to Provide Flynn Documents

    US House Oversight Committee Asks Gov't Entities to Provide Flynn Documents

    Floyd said Flynn has not engaged in any lobbying work since leaving the White House that would have violated the pledge. That same order instituted a lifetime ban on outgoing officials representing foreign governments.

    Local businesses monitor Sears and Kmart following $2.2 billion

    At this point, the stores are doing all they can to stay afloat but have expressed "substantial doubt" about chances of survival. When Walmart first came in and now they put a lot of people out affecting all these other stores. "We still have some of those".