Canada moves a step closer to legalizing marijuana

NATION-WORLD
               Canadian senate passes marijuana legalization legislation        The bill passed by a vote of 56-30 and now returns to the House of Commons

NATION-WORLD Canadian senate passes marijuana legalization legislation The bill passed by a vote of 56-30 and now returns to the House of Commons

Canadian marijuana companies like Canopy Growth Corp, Aphria Inc, Horizons Marijuana Life Sciences ETF and Aurora Cannabis Inc have been at the center of investor frenzy surrounding attempts to legalize marijuana for recreational use nationwide.

President Donald Trump said on June 9 that he's inclined to support a bipartisan effort in Congress to ease the USA ban on marijuana, a proposal that would dramatically reshape the nation's legal landscape for pot users and businesses.

The two senators are introducing a measure that would require the federal government to honor the laws of those states, without legalizing marijuana nationally.

"Clarity's important. Important for the businesses and important for the people who use marijuana", Warren said.

"We know that prohibition doesn't work".

The Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, from Sens. "What we have in the United States is a very abnormal industry", said Roy Bingham, the CEO and co-founder of cannabis data firm BDS Analytics. And industrial hemp, which can be turned into oils or fabrics, wouldn't be classified as marijuana under the proposal. Cory Gardner, a Republican, on Thursday teamed with Massachusetts Sen.

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Dean said the Trudeau government assured the Senate it would address the issue of criminal records once the law was in place. "If a state like Oklahoma doesn't want to do that, nothing changes". "We're looking at it".

His agreement with Trump came a few months after Attorney General Jeff Sessions announced that his department would reverse Obama-era guidance that limited the prosecution of marijuana sales in states where it had been legalized.

Michael Liszewski, a policy adviser with the anti-drug-criminalization Drug Policy Alliance, said there are still hurdles in committees and elsewhere that need to be crossed, but was optimistic that broader marijuana reforms at the federal level are within reach.

Gardner's bipartisan legislation, which also has backing in the House of Representatives, would bar the federal government from interfering with any state-approved marijuana legalization and permit marijuana businesses to use the federal banking system.

As part of legalization, the Canadian government will probably inform citizens that admitting to marijuana use might get them barred from crossing the border into the US, which still classifies cannabis as a Schedule 1 drug with "no now accepted medical use and a high potential for abuse", according to the Drug Enforcement Administration. Medical marijuana has been legal in Canada since 2001, and many US -based cannabis companies have jockeyed for position in that market with an eye toward broader legalization. Lawmakers are working on a bill that would create a state charter bank for the industry.

Cities such as Oakland require cannabis business applicants to submit detailed security plans to lessen the chances of getting robbed.

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