It seems that soon Canada will be the first G7 nation that will make marijuana legal.
Canada now joins Uruguay to become the second country to legalize marijuana.
The upcoming regulation of legal marijuana will happen in a few months time after a legalization plan was approved by the Canadian Senate last month—it’s included in the Cannabis Act or Bill C-45.
Recreational marijuana will now be sold in special retail stores. The retail stores must follow strict regulations that will guide advertising, reporting, keeping of records and security. Moreover, adults that are at least 18 years old can buy up to 30 grams (about 1 ounce) of marijuana. They are also permitted to grow four cannabis plants at home. That means that it would be easy for one to grow his plant of preference for example he can just buy white fire og cannabis seeds and enjoy a rare strain.
There will be more than 100 licensed producers of medical marijuana in Canada. There are strict security requirements that they must meet. These standards are similar to the ones followed by pharmaceutical companies.
Canadian citizens will be warned that admitting to the use of marijuana might prevent them from being allowed to cross the United States border. This is because regulations are different in the United States. In the United States, marijuana is still classified as a Schedule 1 drug that has a high potential for abuse and has no accepted medical use according to the DEA (Drug Enforcement Administration).
Some experts have opined that the prohibition of marijuana in the United States is a failed policy that has caused more problems than it has solved. It is hoped that the United States can see how well legalization works in Canada and begin to make changes in their policies.
The legalization of marijuana by Canada will serve as a suitable case study for other countries to examine the possible effects of legalizing marijuana. It will also serve to place the marijuana industry in a positive light and open up the marijuana industry to more funding and more innovation. It won’t be like the United States where marijuana retailers have problems with payment options and transporting their goods across states.
Needless to say that sales will be tightly controlled in Canada. Products have to be sold in plain packaging. There will also be price caps to drive the black market out. But companies will still make a lot of profit. There are estimates that legalization will ensure that marijuana sales will reach $4.6 billion by 2021.