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February 8 2018

Cannabis legalization in Canada

Canada will see the legal use and regulation of cannabis for recreational purposes become the norm sooner rather than later, but this change in law presents a host of new challenges and opportunities for individuals and businesses.

The Cannabis Act, introduced by the federal government to regulate the production, distribution, sale and possession of cannabis, also sets out penalties for those acting outside the legal framework.

While some see cannabis legalization as a public nuisance with the potential to cause damage to residences in which it is grown, others are seeing its distribution as a money-making opportunity, with a potential market size of $23 billion.