As the world watched Canada legalize marijuana for recreational purposes in October, some critics thought that legalization was a mistake. Marijuana has often been called a “gateway” drug. Marijuana could lead to severe repercussions for early users. However, Canada has regulations that could help the industry thrive and curb illicit market and crimes.
Concerns for legislators
Curbing the illicit market and reducing crime have always been concerns for legislators. Following Canada’s lead, political leaders in other countries are integrating cannabis legalization as a core talking point.
With the US election coming in 2020, it will be interesting to see how presidential candidates take their positions on cannabis. Some legislators support legalizing marijuana.
Last week, Senator Cory Booker announced his bid for the 2020 presidential campaign. Legalizing marijuana could be on his campaign agenda. On August 1, 2017, Senator Booker introduced the Marijuana Justice Act to legalize marijuana at a federal level.
The focus on cannabis legalization is a big development for pioneers in the cannabis industry (HMMJ) including Canopy Growth (WEED), Aurora Cannabis (ACB), Cronos Group (CRON), and HEXO (HEXO).