Canada has just entered its second phase of cannabis legalization, known as legalization 2.0. To celebrate this, we've put together some images to explain where Canada's cannabis industry is at, and where it's headed.
Just over a year ago, on October 17th, 2018, cannabis became legal for recreational use in Canada. This made Canada the second country, after Uruguay, to do so.
And even before that, Canada had been ahead of the curve when the country legalized medicinal marijuana in 2001.
This early foray into the cannabis arena gave Canada a significant headstart over many other countries, making it the perfect breeding ground for some of the largest cannabis companies in the world. Massive players like Aurora and Canopy Growth — who both dominate the global game — were born out of Canada.
So where will this next phase of legalization take Canada? And where's the industry at so far? Well, rather than explain it to you, we thought we'd show you. Here are some infographics to help explain where Canada's at with cannabis.
So there you have it, Canada's cannabis industry in a nutshell. Bear in mind, Canada's legalization 2.0 is only in its very early stages, and new products won't hit shelves until December, due to the requirement that cannabis producers provide 60 days' notice to Health Canada, a proviso which came into effect on October 17th this year.
So come Christmas time, we'll start to see the real impacts of this next wave of legalization, and find out whether or not the vaping crisis will impact revenue expectations.
If you want to learn more about Canada's cannabis industry, you can read about it here.
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