A password will be e-mailed to you.


By Dries Van Thielen

After  his 2015 election, Canadian Prime Minister Justin Trudeau wrote his newly-elected Minister of Justice Jody Wilson-Raybould a mandate letter. One of the issues Trudeau wanted to tackle, were Canada’s strict drugs policies, he stated:

“Working with the Ministers of Public Safety and Emergency Preparedness and Health, [you should] create a federal-provincial-territorial process that will lead to the legalization and regulation of marijuana”.

Almost two years later, reforms are on their way. On Monday, the Liberal government announced that they will discuss a bill legalizing nation-wide, recreational use of marijuana in April 2017. (Some reports even indicate that the bill will be introduced on April 20 (4:20).

Government Supervision

The main goal of this legalization is to regulate the market.  Even though details on the bill are still unclear, the bill will implement age restrictions. Only adults will have access to marijuana (18+). In doing so, Prime Minister Trudeau will “protect kids from easy-access as they do nowadays”.

Also, Ottawa  will set prices and provinces are free to increase national prices to their own avail.

Markets are Pleased

The rumors of the legalization bill were not only met with excitement by Willie Nelson fans, but by the markets as well. The stock prices of the Canopy Growth Corp rose by 11,13%  after they plummeted earlier this month. Canopy Growth is still the only Canadian company with market value, north of the billion dollar border.

Other marijuana-related brands reached some momentum as well. Aurora Cannabis Inc. gained 10,96 %, Aphria Inc. rose by 7,6 percent, and OrganiGram Holdings Inc. jumped 9,19 percent.

Marijuana shares are trending in Canada. Over the last 12 Months, stock prices of Canopy Growth Inc. and Aurora Cannabis Inc. have risen 300 and 400% respectively. The sale of recreational marijuana might rise to 6 billion dollars in 2021.


About The Author


Dries Van Thielen is a Belgian writer. He recently graduated with a degree in History at the University of Antwerp, Belgium. Besides contributing to Libertarian Republic, he wrote articles for several Dutch-language news outlets and he is co-founder of the Belgian think-tank IRE (Institute for Reason and Property) to promote logical thinking (based on Austrian Economics and 19th century Parisian School). Follow him on Twitter/Instagram @Quornsum

3 Responses

  1. Mike Austin

    Senior director of Yahoo and Google!, is notifying webmasters to get into “Work at home” method, that Loads of marketers have been doing for more than 12 months now. This season alone, I generated around $36k so far with nothing but my home computer as well as some leisure time, even though i have a full-time 9 to five job. Even everyone newbie in this, can make $50/per h easily and the profit may go much very high as time passes… This is how i started >> http://ru­.­vu/AglPB

  2. Trudeau Introduces Bill to Legalize Marijuana in Canada

    […] Fulfilling a promise made during 2015’s General Election, Canadian Prime Minister Justin Trudeau has introduced a bill in Parliament that would legalize recreational marijuana throughout all of Canada, reports the New York Times. (RELATED: Trudeau to Legalize Recreational Marijuana on 4/20?) […]