Canada Passes Bill To Legalise Recreational Marijuana

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Canadian Parliament passed the Cannabis Act to allow the use of recreational marijuana. Commercial marijuana production will be licensed by the federal government, while retail distribution of marijuana will be regulated by individual provinces. The Canadian government said it will soon announce the date of when cannabis will become legal, but warns it will remain illegal until then.

"We have seen in the Senate tonight a historic vote that ends 90 years of prohibition of cannabis in this country, 90 years of needless criminalization, 90 years of a just-say-no approach to drugs that hasn't worked", independent Sen. Uruguay became the first country to legalise the sale of cannabis for recreational use in December 2013, while a number of USA states have also voted to permit it.

Today, Senate lawmakers voted 52-29 to concur with the House's final version of the bill. "Our plan to legalise [and] regulate marijuana just passed the Senate".

Legalisation of the drug was a 2015 campaign promise of Prime Minister Justin Trudeau, who has admitted to smoking a joint "five or six times" with friends - including since being elected as an MP.

Supporters believe the move will help control organized crime while keeping pot out of kids' hands, according to the bill.

Twenty-nine states and the capital have legalised marijuana for medical use.

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It will allow marijuana possession, home growing and sales for adults. Significant market disruption is likely in the country's alcoholic beverage and tobacco industries as well, he said.

While provinces can increase the minimum age, the intent is to continue to discourage Canadian youth from pot use, by establishing numerous same restrictions that exist for cigarettes and other tobacco products.

It now makes Canada the second country to have a nationwide, legal marijuana market, after Uruguay.

The measure ends prohibition of cannabis that had been in place in Canada since 1923.

While a Sky Data poll has found most Britons agree that cannabis should be made legal for medicinal purposes, it is a far more even split when it comes to recreational use - with 41% in favour and 40% against.

The BI Canada Cannabis Index had tumbled 33 per cent this year through yesterday as some marijuana stocks have fallen from previous highs amid concerns they're overvalued.