Canada marijuana takes big step with federal report now complete Pharma executive behind OxyContin sells medical marijuana “3 Grams A Day” Canada Tells Veterans Who Use Marijuana Canopy Growth becomes Canada’s first marijuana unicorn, worth $1 billion Canadian Health Insurance Co. Says Yes to Covering Cannabis Costs Canada’s marijuana legalization plan flouts 3 UN drug conventions Will Canada become America’s cannabis capital? Canadian marijuana producer expands abroad Loblaw looks to get in on medical marijuana business Veterans Affairs must better manage drug plan, marijuana costs Let people smoke pot outside, says Colorado legislator Vancouver medical marijuana businesses must close by Friday if breaking rules Canadian Marijuana Companies Make Millions — But They Can’t Get a Bank Account Race to Develop Marijuana Breathalyzers Before Canada Legalizes Drug Canada is planning to decriminalize marijuana by 2017 U.S. experts urge Canada to cultivate social standards around marijuana Canada’s first national marijuana advertisement Canadian Pharmacists Association Eyes Medical Marijuana Canada’s Weed Policy Shows Way Forward On Blockchain Regulations Demand for Canada medical marijuana growing Four Canadians plead guilty to smuggling weed in Barbados Marijuana Helps Arthritis Using Medical Marijuana for Fibromyalgia Omission of marijuana reform in budget not a stall tactic – Ottawa Alberta liquor stores contemplating marijuana sales Canada Marijuana Infused Nutella – Chrontella Now Available Canadian Cannabis Producer Supreme Pharma Prepares to Enter Market Canadian official causes stir with ‘progressive’ speech at UN narcotics conference Teen marijuana use in Canada in decade decline Veterans’ marijuana prescriptions rise tenfold in 2 years, Ottawa asks questions Marijuana Drug Found to Reduce Epileptic Seizures Marijuana industry busily working to shed troubled past and go legal Legal history of marijuana in Canada Marapharm Ventures Acquires Growing Marijuana Business in Washington State Vancouver’s marijuana shops look toward Toronto Over 22,000 Marijuana Arrests Under Trudeau So Far Ontario government frowns on vaping and medical marijuana in public Squamish Council considers marijuana rules Health Canada awards company a hemp license Marijuana legalization in Canada is coming – Someday Legalize marijuana possession NOW! Legalizing marijuana: Health Canada flags 9 factors for Liberals to consider Canadian marijuana firms say illegal rivals costing them money Majority of Canadians agree pot should be legal Renowned chef stopped at Canadian border with over 20 pounds of marijuana edibles Shoppers Drug Mart eyes sales of Medical Marijuana Canadians Can Grow Their Own Medical Marijuana, Court Rules Halifax councilor takes on neighbor’s medical marijuana fight Princess Margaret pulls prize home from lottery – marijuana grow-op License appeals begin for Vancouver marijuana dispensaries Canada’s police chiefs want feds to remind people marijuana isn’t legal yet More palliative care patients should get medical marijuana: doctors Unlicensed medical marijuana sellers must still pay tax, appeal court rules Licensed pot shops coming to Vancouver as early as March Police seize $378K worth of marijuana plants from Winnipeg home Quebec backtracks on refusal to help legalize marijuana

Canada’s Weed Policy Shows Way Forward On Blockchain Regulations

Canada's Weed

Is weed legal in Canada?

 

Canada is showing the world the way forward on marijuana legalization. In Ontario, superior and appellate courts have ruled that Canada’s cannabis laws are null and void. Challenges to change federal law towards decriminalization, on the other hand, have failed. There’s a lesson to be learnt for blockchain regulators here.

Nevertheless, Health Canada does regulate cannabis for medicinal purposes in a system industrial nations are looking towards as an example. As well, hemp plant cultivation is legal in Canada for seed, grain and fiber production. Public opinion finds more-and-more Canadians believe each year since 1997, “Smoking marijuana should not be a criminal offence.”

Indeed, Canada has positioned itself as one of the most pro-marijuana governments in the world. Prime Minister Justin Trudeau said he wanted to “legalize, regulate, and restrict” marijuana for recreational use.

When I spoke with Alan Brochstein – the 420 Investor – he told me: “I spend my time focused on Canada. It has a federally legal medical marijuana program that is almost two years old, and while off to slow start initially, it has gained a lot of traction and there is a lot of excitement. Because of a government change there, very likely in next two years, we will have legal cannabis on a federal basis in Canada. That’s an exciting part of the cannabis investment space.” Brochstein believes Canada could be a global leader in marijuana.

“The US could be in that position, but already other countries are looking to the Canadian model, which is tightly regulated production at federal level,” he added. “We don’t have that in the US.”

Trudeau has vocalized his intention to take marijuana consumption and small possession out of  the Criminal Code. New laws will enact stricter punishment for those who supply cannabis to minors or while driving stoned, for example.

Canada could capitalize on its sensible regulations and reap the benefits. This same approach could be applied by the nation towards emerging blockchain technologies. Already, Canada has a sensible approach to technology regulation. For instance, there are no laws in Canada that mention MySQL.

“Most laws in Canada are technology-neutral and don’t call for a specific technology or system to be used,” Addison-Cameron-Huff told me.

Many vocal proponents of innovation have expressed their desire to see Canada take a sensible, perhaps even laissez faire, approach to blockchain technology in order to allow the technology to evolve.

For instance, at a recent roundtable hosted by CIGI in Toronto, the topic “Regulating Blockchain & Distributed Ledger Technologies: Challenges and Opportunities for Canadian Innovation” was discussed.

Addison Cameron-Huff, a technology lawyer, believes Canada has the opportunity to be a world leader.

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