Full legalization of cannabis may be coming to Canada sooner than expected. In a shocking election on Monday, Justin Trudeau, the leader of Canada’s Liberal Party, claimed a surprising victory over the country’s current prime minister and Conservative Party leader, Stephen Harper. Trudeau’s win has excited cannabis enthusiasts throughout the country due to his pledge to fully legalize marijuana “right away.”
If Trudeau keeps his word, Canada will become the first developed country in the world to fully legalize marijuana for both medical and recreational use. As part of his plan, Trudeau has stated he will create a system to regulate, tax, and sell marijuana to adults, with stiff penalties for those who drive while high or sell to minors. Trudeau has argued that legalization will not only make it easier to prevent minors from accessing cannabis, but also provide a large boost in tax revenues.
While the new Prime Minister-Elect has not yet outlined a plan or timeline for legalization, he has stated that he will look to Colorado as a model. Cannabis activists in Canada were justifiably ecstatic by the news, causing shares of cannabis companies to spike on Tuesday.