“When the U.S.
Marijuana was legalized in Canada four years ago, in October 2018, giving Canadian cannabis retailers a head start in the North American market.
The drug is already legal for recreational use in 18 states, Washington, D.C., and Guam, and it’s been approved for medical uses in 38 states, along with the District of Columbia.
Canada’s cannabis companies will be ready, as they’ve become familiar with how to navigate a federally regulated industry, which is an advantage, Savone said.
“We’ve got regressive excise taxes, we’ve got oppressive provincial markups and margins, and offensive taxes on medical cannabis,” Savone said.
Either way, the Canadian government probably has time to figure things out, if it decides its initial regulations were too onerous.
“Something as ambitious as the MORE Act will probably not get through the Senate,” said Michael Armstrong, professor of operations research at Brock University and cannabis researcher.
Opponents of the bill argued that marijuana was not as important as other issues such as the war in Ukraine, inflation, and rising fuel prices.
We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.
This website uses cookies to personalize your content , and allows us to analyze our traffic.