The federal government is going to table legislation to legalize marijuana by April, according to report published by public broadcaster CBC. Sources told the CBC that members of the governing Liberal party were recently informed on the time line. The party has long assured they would have legislation ready by spring.
The CBC said the latest regulations would broadly track recommendations released in December by a federally-appointed pot task force. Those recommendations included proposals that Canada should permit the sale of recreational marijuana to people over age 18 and tax pot products based on effectiveness.
Canada pot advocates are not that happy so the man behind painkiller OxyContin turned to marijuana. The task force also suggested adults be allowed to grow up to four plants and possess about 30 grams of dried cannabis.
According to CBC, the federal government will supervise the supply of the drug and continue to license producers, while the provinces would decide its means of distribution and sale. Prime Minister Justin Trudeau’s promise to legalize recreational marijuana has fuelled investment and conjecture in the cannabis sector.
Growers like Aphria, Canopy Growth, and OrganiGram Holdings, presently Canada’s largest medical marijuana producer, have now become stock market darlings. Medical marijuana used to be legal in Canada since 2001 and is grown by more than forty federally licensed producers.
Canadians, especially the youngsters, are one among the world’s biggest users of marijuana.
If this law is passed, Canada will become the largest developed country to end recreational marijuana prohibition. So as per the latest government news from the top officials of Canada, Marijuana is soon to be legalized in the country.