Cannabis becomes legal in Canada

Getty Images  Norman Posselt

Canopy Growth Corporation (WEED.TO) retreated as much as eight per cent to about $63 per share.

On Wednesday morning, the federal government announced it would introduce legislation to grant pardons to Canadians convicted of simple cannabis possession charges and who have completed their sentences.

The start of legal sales wasn't the only good news for pot aficionados: Canada said it intends to pardon everyone with convictions for possessing up to 30 grams of marijuana, the newly legal threshold.

"It's hard to find people to sell to me because I look like a cop", the clean-cut, 43-year-old computer programmer said outside a newly opened pot store. I think we expected that, some of the LPs couldn't get enough to us online.

The law change has created a patchwork of different regulations across Canada because provinces have been allowed to create their own rules over the specifics of sale.

"Now that our neighbor to the north is opening its legal cannabis market, the longer we delay, the longer we miss out on potentially significant economic opportunities for OR and other states across the country", he said in a written statement. "It's going to be a volatile sector until we get some real data, and we can actually analyze these companies".

Daffyd Roderick, spokesman for the Ontario Cannabis store, declined to provide details on how the province estimated demand and ordered from the licensed producers.

Blair cautions that legalization is only the first step towards a strictly regulated cannabis regime that achieves the government's twin objectives of getting pot out of the hands of kids and eliminating the thriving black market run by organized crime.

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The products are displayed in plastic or cardboard packages behind counters.

About 90 minutes before the store opened, 60 or so people were lined up on the sidewalk in the heart of downtown Montreal.

Mr Trudeau's office have said the prime minister "does not plan on purchasing or consuming cannabis once it is legalised".

The big difference between cannabis legalization in the US and Canada, Hawkins added, has been "the blessing provincial governments (in Canada) have received from their federal government".

The federal government set the minimum legal age for consumption at 18, but most provinces and territories have raised it to 19, except Quebec and Alberta. "There's a potential of 15 other private stores, so obviously it's going to help the economy, obviously people want to come and work in that industry, and it's a great business opportunity for entrepreneurs". California, the largest legal market in the USA, earlier this month became the first state with a law mandating expungement of criminal convictions for marijuana-related offenses that no are longer illegal.

Newfoundland and Labrador were the first to sell cannabis.

To order online, you'll go to the website www.bccannabisstores.com, which is governed by the BC Liquor Distribution Branch (LDB).

U.S. Customs and Border Protection invited Canadian media to a conference call on Tuesday so officials could reiterate that marijuana remains illegal under U.S. federal law and that those who are caught at the border with pot are subject to arrest and prosecution.

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