Cannabis is now legal in Canada on Wednesday October 17th, 2018
No large modern country has made cannabis legal before.
Ontario Cannabis Store
Canada Cannabis Act
Ontario Cannabis Act
In Ontario it is LEGAL
- Possess up to 30 grams if you are 19 or over
- Buy online with delivery by Canada Post
- Grow up to 4 plants
- Toke in public or at home
In Ontario it will be ILLEGAL
- Drive under the influence
- Sell unless you are a online store with a licence
- Grow 5 or more plants
- Operate a lounge where people bring thier own
- Toke at home if your condo or rental building has a rule against it
Legal Cannabis doesn't cause chaos. Uruguay, California and Colorado and Las Vegas have had it for years.
It is seen as a large new source of government income.
Doug Ford, the premier of Ontario (elected in June) has shaped this arrangement for Ontario.
He envisions thousands of small stores. One in every town or village across Ontario.
These will open in the spring.
The government knew it needed six months or more to roll out hundreds of retail stores.
People with charges for possessing cannabis will be banned form operating a store.
The Liberals had a very different plan with large government stores run by the LCBO.
The illegal underground business will not change very much in Ontario.
People will still buy from their old dealer instead of using the legal channel.
There may be even more dispensaries unless the police begin a major crackdown
Cannabis availability will likely have health benefits.
It will reduce the use of opiates such heroin and fentanyl.
It will provide pain relief for millions of older people.
Driving stoned and increased brain damage for people under 25 are two likely negatives.
Tourism should boom in Canada over the next few years.
We will soon be broadcasting the message that our brand is the best.
Travel from Japan, Europe and USA to Canada will increase dramatically.
Canada will compete with California and Las Vegas as the #1 holiday destination.
Billion of dollars has been invested into large cannabis companies such as Cannopy.
The return on these investments may be poor because the stocks were overpriced.
The massage industry will not be impacted much by this change.
Bylaw inspection may become less frequent since the focus will be on closing dispensaries.
The holistic license may be scrapped as a move towards deregulation takes hold.
The legality of cannabis legalization is complex:
- Canada Cannabis Act is the law making Cannabis legal with conditions
- Ontario Cannabis Act introduces further laws shaping the business for this province
- Legal Age is 19
- Possession up to 30 grams is legal
- Privately run licensed mail order is legal. Delivery done by Canada Post
- Stores are illegal. To become legal and licensed April 1st, 2019
- Municipalities have to decide if stores will be allowed. Opt out decision date is Jan 22
- Growing 4 plants per residence is legal
- Toking in public is legal
- Toking in rental apartment is legal unless stipulated by your condo or rental building
- Cannabis lounges are illegal. May be allowed in 2019 after public consulations
- Underground industry will retain most of the market and is illegal.
Dealers and dispensaries are illegal.
- The amount and style of enforcement is unknown.
There will be no profit in legal cannabis unless the illegal industry is impeded
- The federal government will receive most of the profits and
will distribute some to the provinces and municiplities to pay for extra policing
The profitability of cannabis is still unclear:
- Canada may reap only small profits if provinces extract most of the tax or opt out
- Ontario may not make alot of profit becuase the police may extract huge um for extra policing
- Investors may not profit very much because the stocks were overpriced and the industry overall is inly mildly profitable
- Dispensaries may not profit very muach because they have to compete against the GOVT who is producing on a huge scale
The unknowns of cannabis legalization are:
- Unknown if a province can opt out
- Unknown date when municipalities can opt out of allowing stores within their boundaries
- Unknown method to detirmine if a person is impaired
- Unknown profitability of marijuana industry. Unknown pricing
- Unknown how much policing there will be