Canada’s Recreational Bill And Stocks Could Be In Trouble

there’s quite a bit of opposition to Canada’s recreational marijuana legalization efforts, and it could wind up pushing Trudeau’s legislation off the table altogether.

Though Canada’s current government make-up could reasonably be described as “progressive,” conservative members of Parliament could make legalization far more challenging than people and investors realize.

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there’s quite a bit of opposition to Canada’s recreational marijuana legalization efforts, and it could wind up pushing Trudeau’s legislation off the table altogether.

Though Canada’s current government make-up could reasonably be described as “progressive,” conservative members of Parliament could make legalization far more challenging than people and investors realize.

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Another primary issue involves how impairment for drivers behind the wheel will be measured. Though there are a handful of companies developing breathalyzer tests that can detect levels of tetrahydrocannabinol (THC), the psychoactive component of cannabis, in drivers, there are no baselines to describe what would be considered an unacceptable level of impairment. For instance, a blood alcohol content of 0.08% or higher in the U.S. is considered impaired for a driver. There aren’t any guidelines for marijuana use, which makes resolving the concerns of lawmakers exceptionally challenging.

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If Canada is unable to get its recreational weed bill passed into law, Canadian marijuana stocks, which have risen considerably in anticipation of an expected legalization, could quickly lose the wind from their sails. The four, in particular, that are at greatest risk of having their valuations take a hit are Canopy Growth Corp. Aphria, Aurora Cannabis and MedReleaf.

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Health Canada also announced changes to its medical cannabis program in May that could have negative implications for the four Canadian marijuana stocks listed above. Health Canada plans to issue additional growing licenses, as well as allow existing producers to pack their vaults with supply, assuming it can be done safely and securely. In other words, it sounds as if extra competition and supply are on the verge of flooding the Canadian market. That’s not good news for any of these four companies.

Long story short, Canadian marijuana stock investors may soon wind up sorely disappointed.

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Mexico Legalizes Medical Marijuana

The President, Enrique Pena Nieto, has officially published a bill allowing its use for health and scientific purposes. The bill was passed in April, with an overwhelming 371 members of the Lower House of Congress voting in favour, with only 19 politicians voting against or abstaining. It also received popular support from the Mexican Senate in December, with 98 senators voting to pass the bill and seven voting against.

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It also establishes that industrial products with concentrations of one percent THC or less would be legal to buy, sell, import and export.Recreational use of marijuana remains broadly prohibited in Mexico. But President Nieto – once staunchly anti-drugs – has called for a global rethink towards narcotics. He said they should be viewed through a public health lens which doesn’t criminalise users.

Peña Nieto’s decree effectively eliminates the criminalization of the medicinal use of cannabis, THC, CBD, and all cannabis derivatives, as well as legalizing the production and distribution of cannabis for medicinal and therapeutic uses.

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“The ruling eliminates the prohibition and criminalization of acts related to the medicinal use of marijuana and its scientific research, and those relating to the production and distribution of the plant for these purposes,” stated the Lower House of Parliament, known as La Cámara de Diputados.

This week, the National Cannabis Industry Association (NCIA) held their Cannabis Business Summit and Expo in Oakland, California, welcoming over 75 speakers from all aspects of America’s fastest growing industry. Of all the distinguished guests at the fourth annual conference, the most notable was surely Former Mexican President Vicente Fox, who was honored as the keynote speaker.

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Fox’s keynote address touched on the need for an open global trade market for cannabis to allow the industry to reach its full potential, also demonstrating how the legalization of adult-use cannabis in his home country could end the intense violence caused by the cartels and illegal markets.

But it was the former President of Mexico’s comments during a separate press conference at the NCIA event that had the ears of reporters perking up.

On President Trump, Fox accused the administration of being “so crazy and so ignorant about what is going on in the world” and called the President himself “a disruptor” and “destroyer” of social progress globally. “The world is moving, and it’s moving in the right direction,” added Fox. “If anything, we don’t need America to be great — we need a great world.”

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Fox told reporters that Trump is “blind” and his “white, middle-class male” supporters shouldn’t be interpreting his perspective as their own world view. Fox added that Trump should not be imposing his will on the American people through executive orders.

 

When Weed Is Legal, Can I Smoke A Joint Anywhere?

I am a long-time closeted cannabis user and I am looking forward to the legalization of pot next summer. But until then, my question has to do with my rights as a home owner and a pot smoker versus the rights of my neighbour to not smell said marijuana. Now, I don’t spend the whole day out there smoking, just one joint here or there. Yesterday afternoon, they smelled my J and proceeded to speak loudly to each other within earshot of me as to how rude this is. Is it rude Dave? Am I allowed to indulge in a smoke in my own yard? Legalization is going to change how much smoke you smell walking down the street, I think it’s already changed. Whether we want it or not it’s coming … stinky smoke and all. Who’s got the right though?

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Once it becomes legal weed smoke will be flowing through the air. I believe that over the next few decades that frowned upon look will slowly go away and people wont be so rude when they smell it. You think I like inhaling and smelling your cigarette smell while im trying to enjoy myself?? Hell NO!! But I don’t say what i’m feeling when people smoke. No because its legal you have your own right to do whatever you like. Just like me.

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When you think about it, weed is just like alcohol in terms of how it was illegal for so long and then it became legal and the industry absolutely blew up! Brewers and producers have produced good product. Is that what it will be like? Will there be a Molson Canadian Weed? Heiniken Marijuana?

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Funny to think that it can happen. Why would it be any different?? It can be the evolution of what we can expect in the next 100 years.

Check out BuyWeedOnline.ca For Rules and Restrictions