The Vote on Canadian Recreational Marijuana on Thursday: What to Expect for Marijuana Stocks the Day After

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Thursday should be one of the most important dates for the Canadian marijuana industry ever. The Canadian House of Commons has already passed bill C-45, to legalize the use and purchase of recreational marijuana by adults in Canada. On Thursday, the Canadian Senate is scheduled to vote on it. The conventional wisdom is that the Canadian Senate will easily pass bill C-45 and that marijuana stocks will enjoy a nice bounce as a result. Let’s look at both components of this theory.  First, Senate passage of C-45 seems very likely. The initial vote held in March to advance the bill to committee review was 44-29. Although it’s possible (and perhaps even probable) that there won’t be as many votes for passing the legislation on Thursday, the odds appear to be quite good that C-45 sails through. The Vote on Canadian Recreational Marijuana on Thursday: What to Expect for Marijuana Stocks the Day After

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