Marijuana Stocks Trade at Four-Month Highs as Canadian Senate Approves Cannabis Act

0
105

North America’s marijuana index is riding high once again after one of the world’s biggest cannabis markets moved one step closer to full legalization. Canada’s cannabis bill passed third reading in the Senate last week and in doing so overcame one of the last critical hurdles to full legalization of recreational marijuana. Bill C-45, the so-called cannabis bill, was approved by a vote of 56-30 with one abstention. The amended bill goes back to the House of Commons, where Liberal Members of Parliament will determine which amendments to keep and which to omit before sending it back to the Senate. Once the bill is passed, provincial governments will have up to three months to prepare for full implementation of the law. At that point, recreational cannabis will be available for sale. Marijuana Stocks Trade at Four-Month Highs as Canadian Senate Approves Cannabis Act

thumbnail courtesy of hacked.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here