Even if they do legalize it seems like you got a serious case of Nanny State government and protectionism issues. Wish you guys the best. Never give up the good fight.
Even if they do legalize it seems like you got a serious case of Nanny State government and protectionism issues. Wish you guys the best. Never give up the good fight.
Yes, Canada is going to legalize and regulate Cannabis. It will be only the second nation in the world to do so – and the first major country to legalize.
...likely to take effect in early September around Labour Day.
It’s a big step and I’m very proud of it and all those who worked so hard to make it happen. It ain't perfect but it is a HUGE step forward.
Yes, Canada is going to legalize and regulate Cannabis. It will be only the second nation in the world to do so – and the first major country to legalize.
The legalization in Canada will not be without some heavy-handed regulation, but unlike the legalization efforts in some of America’s 50 states, Canada’s legalization will be complete for all purposes.
That means that it will be legal to possess, to transport, to grow, to buy and, if licensed, to sell cannabis. More importantly, the legalization of cannabis means that contracts for its purchase, sale, production and for other purposes are enforceable in court. If someone steals your cannabis, you can call the police.
Cannabis can be trademarked and certain processes associated with it can be patented. Above all, as a legal product, it can act as collateral for secured transactions and registered under the Personal Property Security Acts of the various provinces. (akin to UCC Article 9 protection in the United States).
Secured transactions are critical in commercial lending and other financing transactions. With them, all commercial things are possible. Without it, not much is.
I expect this does not make some of you happy. Some prefer a Wild-west unregulated market. Some imagine that you might grow and sell your own product without interference. Others still are quite happy to continue to grow under Prohibition and reap the profits that come with a black market.
We have seen this conflict of interest between illegal growers and hopeful end users before on ICMag. This isn’t the first time and it won’t be the last.
But this is a legalization that is wholly unlike any other sort of legalization effort the world has yet seen. A major democracy in the world and a G7 power is legalizing recreational cannabis and there will be big money to be made. If you have any doubt of that, you need only look to the Canopy Growth and Green House Seed Co’s latest joint venture.
It’s big money and the Budweising of bud. It is not as wide and sweeping as some might prefer. However, these things move forward in steps. We are just throwing off the shackles of 95 years of prohibition. If it takes another 5 or 15 to have licensed coffee shops with on site purchase and consumption in our major cities, we can wait for that, too. In the interim, I'm guessing we will have some unlicensed ones in Vancouver and Kensington Market in Toronto. La plus ca change...
As of now, Bill C-45 is pending a motion before the Senate to adopt in its entirety the form of the Bill as re-passed in the House of Commons. 32 Senators in the Senate are opposed to that – all of them Conservative. More than 50 supported the Bill. If the motion to approve the Bill as passed by the House is held and succeeds today, then the Government of Canada will announce the date for Royal Assent later this week, likely to take effect in early September around Labour Day.
It’s a big step and I’m very proud of it and all those who worked so hard to make it happen. It ain't perfect but it is a HUGE step forward.
The "Big Picture" is that Bill C45 just passed.
Cannabis will soon be legal in Canada. And despite your blathering, I happen to think that is an EXCELLENT result.
America will follow by 2024. I predicted all of this nearly 10 years ago. My numbers were right. Today, the proof is in the pudding.
I liked your other post because it was well thought out/written.
But who is this excellent for?
Your average grower here has little interest in turning their work into a menial job of number counting and barcode reading.
And then? They come after medical and it's all downhill unless you learn Spanish or Arabic.
Medical Marijuana was forced on the Canadian government by the courts. It continues to be. That isn't affected by any of this. To the extent that medical grows were notoriously abused by the black market as a cover to grow weed for sale, well that's going to (mostly) end, too.