Canada’s decision to legalize marijuana is a grand

New Post Public Reply Private Reply Replies (0) Message Board
Lets Roll
178
Canada’s decision to legalize marijuana is a grand progressive experiment that promises to answer a host of questions $IDVV

Wed 6 Jun 2018 02.00 EDT

Marijuana legalization could affect Canada’s crime patterns, health and countless other factors. When Canopy Growth opened its first cannabis factory in an old chocolate plant near Ottawa four years ago, it did so predicting a bright future. Canada had already legalized medical marijuana, and Canopy predicted full legalization for recreational use to be next.

What the company hadn’t predicted, however, was the sudden flood of foreign visitors. Politicians and police authorities from Jamaica, Germany, Denmark, the Netherlands, Greece and Australia have all come knocking, as well as doctors from New Zealand, Brazil and Chile, along with groups of corporate investors and bankers – so many that Canopy now sometimes splits up the groups according to their birthdays.

“We knew we’d have to give a lot of tours, so we just cut a window into the wall,” said the company spokesman, Jordan Sinclair. “We put windows in all of the doors.”


Everything you wanted to know about cannabis legalization … but forgot to ask
Read more
Canada will be thrust even more directly under the international microscope on Thursday, when a vote in the Senate is expected to ratify Bill C-45, effectively making Canada the first G20 nation to legalize recreational marijuana. (This vote occurred on Thursday and was elected)

“It’s going to be a bit of a science fiction experience for a while,” said Benedikt Fischer, an expert on substance use at Toronto’s biggest psychiatric hospital. “It’s unique in the world, because it’s happening for the first time in a wealthy country. It’s not like in the US, where there are these state experiments. Most people kind of ignore Uruguay. And so the world is really looking at this.”

Governments, researchers and business leaders around the world all have their own reasons for keeping tabs. Legalization could affect Canada’s crime patterns, health and countless other factors – but exactly how, no one yet knows.

Each Canadian province plans to roll out its newly legalized market in a slightly different way, creating about a dozen mini-laboratories within one massive test case.

Even places that have already taken the legalization plunge are hoping Canada will solve some mysteries. After Colorado legalized marijuana five years ago, for example, organized crime reacted by ramping up supplies of “black tar heroin, opiates and harder drugs”, said Dr Larry Wolk, the state’s top public health official.

But Wolk says he is interested to watch that process unfold on a bigger scale in Canada, where the new law is expected to deal a much more significant blow to the black market. Any new mix of illicit drugs in the country could have new effects on public health.

“What’s the impact of marijuana legalization on the opioid crisis?” he asked as an example. “Does it actually act as a substitute so that people can get off opiates for chronic pain? Is there a positive impact? Or is it a negative impact, because as a result there’s more opiates in the black market? Is [pot] a gateway? We don’t really have an answer.”

One delicate balance for Canadian authorities has been guessing at what kind of pricing will be low enough to eradicate illicit sales – yet not so low as to entice new users. Canada’s finance minister, Bill Morneau, recently said the goal is “keeping cannabis out of the hands of kids and out of the black market. That means keeping the taxes low so we can actually get rid of the criminals in the system”.

One sign of success will be if Canada not only discourages underground sales, but converts illicit sellers to the new system, said Tim Boekhout van Solinge, a Dutch criminologist.

“What I am mainly following … is who will be the new legal growers, and whether authorities manage to get some of the illegal growers to become legal growers,” he said.

Legal marijuana for sale at a shop in Salem, Oregon.
Facebook Twitter Pinterest
Legal marijuana for sale at a shop in Salem, Oregon. Photograph: Andrew Selsky/AP
Each country around the world that has debated whether to relax cannabis laws has had its own priority in mind: from generating revenue to discouraging drug cartels. In Canada, the emphasis has been largely on public health. Cannabis will be sold in fairly plain packaging, and usually through government-run boards that already control liquor sales.

“It won’t be like buying Budweiser or branded alcoholic products,” said Steve Rolles of Transform, a UK drug policy thinktank. “It’s going to be more like buying pharmaceuticals from a chemist.”

Still, it’s hard to know whether Canada, or any similar western country, will be able to stick to that public-health focus, he said.

“We have concerns … that the lessons from alcohol and tobacco wouldn’t be learned, and we might see overcommercialized markets in which profit-making entities would seek to encourage more use and could encourage risky consumption behaviours,” he said.

So far, Canada has allowed a few major players to dominate the industry, and their influence remains to be seen, said US marijuana industry expert Mark Kleiman.

“You don’t want to build up big vested interests that then resist any change,” he said. “If you have commercial industry in cannabis, they’re going to end up writing the laws.”

For epidemiologists, Canada will provide the best-ever data sets on cannabis use.

Colorado’s health results have been encouraging, said Wolk. But overall, researchers lack solid data about cannabis use. Some key questions include addiction levels, how cannabis affects mental health, and effects on young people, said Israeli scientist Raphael Mechoulam, often called the “grandfather” of cannabis research.


How do you market weed when you can't market weed?
Read more
“About 10% of the users may be addicted – less than alcohol or tobacco,” he said. “Some users, who are already prone to schizophrenia, may get the disease earlier.” He said he is also keeping an eye on whether heavy use by young people may affect their central nervous system.

Another current Canadian health debate is how many people will be light, casual cannabis users, and how many will be heavy users.

The government still must decide how to approach products that are “very potent” in THC, the psychoactive compound in cannabis, said Mark Ware, a drug researcher and pain specialist who helped lead Canada’s federal taskforce advising the new legislation. Black-market sellers have produced increasingly strong concentrates, he said.

“Those have not been the subject of studies up until recently, so the question of whether to regulate those, allow them in whatever context, and then be able to study their impacts on health, that would be very important,” he said. But “once they’re out there, it’s very hard to put them back in the box again”.

Canadian police, meanwhile, will grapple with how to crack down on cannabis-impaired driving. That’s already a struggle around the world, regardless of marijuana’s legality, said Rolles. But it’s much more difficult to measure impairment from cannabis than from alcohol, and enforcing a legal limit will prove tricky.

Meanwhile, many investors have already made huge profits from cannabis stocks, and a big question for them is whether the bubble bursts – or the value keeps rising.

“They’re waiting to see if the sky’s going to fall,” said Sinclair of Canopy. One of about 100 Canadian legal producers of medical cannabis, the company owns a third of the medical market, began trading on the Toronto stock exchange in 2016 and last month became the only cannabis producer on the New York stock exchange.

“[Investors] are waiting to see if all the stigma and all the demonization of this product that’s built up in 90 years of prohibition is true,” Sinclair said. “It’s on us to demonstrate that it’s not.”
Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Cleaner Air in Bedroom May Stabilize Blood Sugar Levels

Updated Category News Views 354

Imagine a world where simply sleeping in cleaner air could affect your blood sugar. Seems far-fetched, I know. But that's where we're at with this new study out of NYU Langone Health. They're talking about using plain ol' portable air filters to help steady blood sugar levels for folks dealing with prediabetes. Turns out a cleaner bedroom might just hold the key to taming...

Continue Reading
Cultural Tech Fusion: The Asia-Pacific Way Forward

Updated Category News Views 137

A High-Tech Twist on Traditional Culture You ever walk into a room and see a robot perform kung fu? I'll admit, it caught me off guard at first. But that's exactly what happened at the "Enduring Heritage, Harmonious Asia-Pacific" special exhibition in Shenzhen. With all the usual high-ranking execs and cultural bigwigs there, nobody expected a showcase where Wing Chun...

Continue Reading
Fibocom Unveils U6G Solutions Advancing Global 5G Tech

Updated Category News Views 60

Breaking Barriers with U6G-Capable Technology Sneaking into the industry's spotlight at MWC Doha 2026, Fibocom flaunts a robust lineup of next-gen 5G solutions. It's as if they're shuffling every card they’ve got to win over the broadband world. With breakthroughs like the FG390, FG370, and FG670 modules, alongside PCBA-level innovations, Fibocom is not just throwing...

Continue Reading
Fibocom LTE Modules Test Drive Satellite Connectivity

Updated Category News Views 180

Boosting IoT with Satellite Connectivity Here's a good one for folks watching the edge of wireless innovation. Fibocom's LTE Cat.1 bis modules, the LE270-EU and LE271-GL, just stretched their legs in New Zealand, connecting seamlessly with SpaceX's Direct to Cell (DTC) satellite system. No fancy hardware swaps, just standard firmware strutting its stuff across satellite...

Continue Reading
Stavian Group Eyes AI-Driven Southeast Asia Growth

Updated Category News Views 103

AI and Infrastructure: A New Chapter for Southeast Asia What does Southeast Asia's future look like with AI steering the ship? Well, there's a fresh breeze of change blowing, and right at the heart of it stands Stavian Group. At the recently held inaugural Fortune SEA500 Summit in Ho Chi Minh City, this conglomerate threw its hat into the ring, painting a vision of growth...

Continue Reading
Cars.com Inducement Awards: New CPO Earns Stock Boost

Updated Category News Views 22

Revving Up With Incentives: A Strategic Move by Cars.com Ever seen a stock maneuver that feels more like a chess play than a plain deal? On November 5, 2026, Cars.com (NYSE: CARS) fired up quite a strategic engine. They handed out a heap of restricted stock units—373,345 to be precise—to Mausam Bhatt, freshly minted as their Chief Product Officer. This isn't just your...

Continue Reading
Innovent's SINTBILO® Hits Primary Endpoint in Study

Updated Category News Views 146

Innovent's Latest Breakthrough with SINTBILO® One moment you're sipping coffee, the next you're staring at a clinical milestone. Innovent Biologics has shouted from the rooftops that their drug, SINTBILO® (tafolecimab injection), has wrapped up its Phase 3 CREDIT-5 study, snagging the primary endpoint with both hands. This isn't just any drug; it's marked as the first...

Continue Reading
Webull Faces Class Action Suit: Key Deadlines Loom

Updated Category News Views 290

The Clock is Ticking for Webull Investors If anyone's got a Webull stake, listen up! You’ve got a deadline that's staring you in the face: December 7, 2026. This is when you need to throw your hat in the ring to be a lead plaintiff in the Webull Corporation class action. We're talking securities fraud, folks, with allegations flying that would make your head spin....

Continue Reading
GlycoNex Eyes Japanese Market with Denosumab Biosimilar

Updated Category News Views 120

A Strategic Step into the Japanese Market Alright folks, there's a new kid aiming to shake things up in the biotech neighborhood, and it's GlycoNex with its denosumab biosimilar, SPD8. These guys just tossed their hat in the ring with a regulatory submission to Japan's Pharmaceuticals and Medical Devices Agency (PMDA). If the cosmic forces align, they might snag an...

Continue Reading
JNJ's Dual-Antigen Therapy Shows Promise in Prostate Cancer

Updated Category News Views 354

Exploring a New Front in Cancer Treatment Johnson & Johnson (NYSE: JNJ) just dropped a bombshell at the Society for Immunotherapy of Cancer (SITC) 2026 Annual Meeting, unveiling data that could reshape prostate cancer care. Their pioneering combo of pasritamig and JNJ-9401, a dual-antigen-targeted therapy, has the scientific community buzzing. Yeah, it's just Phase 1 baby...

Continue Reading

Top 5 Most Recently Viewed Articles

Community-Focused Crowdfunding Campaign Supports Local Businesses

Updated Category News Views 146

Local Businesses Join Forces for Innovative Crowdfunding In a notable initiative, three cherished establishments in Downtown Frederick have teamed up with a community-driven platform to embark on an exciting crowdfunding journey. The businesses involved are Frederick Social, Tenth Ward Distilling Company, and Twin Bears Bakery. By leveraging the services of NuMarket,...

Continue Reading
TPI Composites Files for Chapter 11: A Path to Recovery Ahead

Updated Category News Views 200

TPI Composites Initiates Chapter 11 Proceedings TPI Composites, Inc. (NASDAQ: TPIC) has recently announced its decision to move forward with voluntary Chapter 11 bankruptcy proceedings. This step, while significant, is seen as a strategic move to reorganize and ultimately strengthen the company. Understanding the Chapter 11 Process By filing under Chapter 11 in the U.S....

Continue Reading
Charles D'Alessandro Joins Madison Estates to Enhance Services

Updated Category News Views 120

Charles D'Alessandro's Impact at Madison Estates Sotheby's Madison Estates Sotheby's International Realty has welcomed a new force in the form of Charles D'Alessandro, a seasoned professional in the real estate sector. With extensive experience under his belt, including a notable reputation as a former office manager at Binance Hathaway, Charles brings a wealth of...

Continue Reading
Seeking Justice: Class Action for enCore Energy Corp. Investors

Updated Category News Views 163

Seeking Justice for enCore Energy Corp. Investors Attention investors who have been affected by enCore Energy Corp. It is time to stand up and take action. Levi & Korsinsky, LLP is reaching out to individuals who may have suffered losses in enCore Energy, a prominent player in the energy sector, trading on NASDAQ under the ticker symbol EU. Understanding the Class Action...

Continue Reading
Safe Harbor Financial to Share Q3 Results on Financial Growth

Updated Category News Views 80

Safe Harbor Financial Prepares to Announce Q3 Results GOLDEN, Colo. – SHF Holdings, Inc., known as Safe Harbor Financial (NASDAQ: SHFS), is set to announce its financial results for the third quarter of 2024. This announcement will take place on November 12, 2024, following the market's closing. Insights into Safe Harbor's Services Safe Harbor Financial stands as a...

Continue Reading