When Will Canada Legalize Weed? Experts Weigh In

As per current legislation, people in Canada are allowed to possess, consume or grow cannabis for medicinal purposes — given certain conditions issued by Health Canada are met. However, recreational use of marijuana is still prohibited (and punishable) by law.

Nonetheless, many experts believe that legalization of cannabis for recreational use could come in 2017, especially after the country’s marijuana legalization task force published a document with 80 recommendations for a future legal cannabis regime.

Time and time again, our readers have asked when Canada will legalize weed, and, although we cannot predict what is going to happen, we did reach out to some experts and asked about the issue.

One Of 2 Options

“I believe Canada’s politicians are going to do one of two things. Either they are going to try and push it through this term— [or Prime Minister Justin] Trudeau can essentially keep it as a feather in his cap, because they have this task force document making recommendations on how to establish a legal market,” Viridian Capital Advisors analyst Harrison Phillips said.

“Trudeau could push for it and continue to support it, but essentially back off and say, ‘Look, we want to do this right. If you want this, vote for me again and I’ll be sure to pass it on my next term.’ So, it’s going to come down to what they want to do politically within the country,” he added.

“I think Canada will go legal, which will help to validate a lot of the investment that's been happening there in 2016. And then, I also think that we are going to see movement in other places around the world, moving in this direction as well,” Troy Dayton, CEO of ArcView Group and famed legalization advocate, continued.

For his part, 420 Investor’s Alan Brochstein said, “The biggest story beyond federal cannabis policy this year is likely to be the attention on Canada's move towards legalization. Parliament will receive the proposed legislation in the Spring (maybe on 4/20?), and it's likely that the finalized legislation along with a timeline for implementation will take place by the end of the year.”

Finally, international law expert Zameer Qureshi voiced, “Canada has traditionally been quite progressive in regards to cannabis. They have taken what many regard as a common sense approach that it is not as harmful as other substances. I think that will continue to be reflected in Canadian legislation. But in regards to specific timelines and the measures, unfortunately, I cannot comment.”

Canada Vs. United States

Jay Czarkowski, founding partner at Canna Advisors, explicated the difference between Canada and the United States. “[There are] two differences between Canada and the U.S. Canada has a new prime minister, a younger guy who realizes that cannabis is harmless, safe— So you have a guy at the top that's pushing it, that's great. In the U.S., you have a lot of old politicians— Maybe they are stubborn, maybe they are set in their ways— Some of them are legitimately ignorant to the fact that cannabis should be made legal. But, slowly, those people are coming around, learning— It's just going to take some time. But, clearly, at some point in the future, cannabis will be legal on a federal level, it's just a matter of time.”

Domestic Implications

Luba Kay, chief financial officer at CannaSOS Corp, a social media site for “everything in the marijuana industry,” noted that, “full legalization in Canada [...] would create huge growth in the already booming cannabis industry. When the Canadian government legalizes marijuana for both recreational and medicinal purposes, they will most likely make it easier for entrepreneurs to get a license to grow marijuana. Therefore, [we’ll see] more marijuana businesses in Canada and more money going into the Canadian economy. This will increase the size of the Cannabis industry in North America, and will further encourage more entrepreneurs to open marijuana-related businesses.”

“I also see Toronto becoming the official marijuana capital of Canada,” she supplemented.

International Implications

“Internationally, it would be very interesting, because there’s the U.N. single convention on narcotics,” Viridian’s Phillips explained. “So, there’s some belief that Canada will not be able to nationally legalize due to this convention, but there’s also talk that Canada could approach the U.N. and essentially ask for an exemption, so long as they set up a properly regulated system within their country that’s sponsored by the state. So, it’s going to come down to what the U.N. really wants to say, but I see that as less of a deal than what is going to happen internally, with the various political parties and what Trudeau is doing.

“Because Canada is a G-7 nation, the implications are profound regarding the United Nations. Canada's move, along with the likely German national medical cannabis program being created — investors are likely to appreciate the truly global nature of cannabis legalization,” Brochstein enhanced.

Conclusion

“Trudeau is really going to affect the timing, and the U.N. — I think — is going to be more of a political formality,” Phillips concluded, summarizing many of the views expressed to Benzinga.

Plays In Canada

A few weeks ago, Brochstein shared a few Canadian marijuana stocks he’s keeping an eye on. Among them were AURORA CANNABIS IN COM NPV ACBFF, CANOPY GROWTH CORP COM NPV TWMJF and APHRIA INC COM NPV APHQF. Check out the article linked above for his in-depth comments.

Posted In: 420 investorAlan BrochsteinArcView GroupCanadaCanna AdvisorscannabisHarrison PillipsJay CzarkowskiJustin TrudeauLuba KaymarijuanaTroy DaytonUNUnited NationsViridian Capital AdvisorsZameer QureshiEmerging MarketsPoliticsTopicsTop StoriesMarketsInterviewGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

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