Canada expected to legalize marijuana by July 2018

Canada marijuana stocks jump as Justin Trudeau to legalise pot by July 2018

The frenzy surrounding Canada's marijuana market intensified Monday after a report the government will unveil plans to legalise sales for recreational use in April.

Judging from the task force's report, Canada's recreational marijuana policy will probably bear close resemblance to policies passed in some USA states, like Colorado, the first in the U.S.to legalize recreational marijuana.

Last year, Prime Minister Justin Trudeau had signalled the legislation would be drawn up this spring to make good on his campaign promise to legalize pot. According to Raybould, such legislation must "pass through the parliamentary process in a timely fashion".

Activist Ray Turmel smokes a marijuana joint as he calls for the total legalisation of marijuana outside the building where a debate on Canada's foreign policy is being held in Toronto, September 28, 2015.

Federal authorities will set a minimum purchasing and possession age of 18, but each province will have the ability to set a higher age limit if it so chooses.

It also recommended that higher-potency cannabis be taxed at a higher rate than weaker strains.

US Fed set to shrink balance sheet
This judgement was based on the assumption that the economy performs as expected and that the Fed Funds rate continues to rise. The expectation of tax cuts and deregulation has sent stock prices rising since Trump's November election victory.

Provincial governments will also be responsible for setting the price.

The pending legalization legislation is expected to be introduced the week of April 10, CBC News has reported.

Under the proposed rules, individuals would be allowed to grow up to four plants at home for personal use. There would be other parameters which the seller needs to be fulfilled like it can not be sold at the same shop or nearby area where alcohol or tobacco products are sold. On March 3, marijuana activists and entrepreneurs Marc and Jody Emery were arrested in Vancouver after police raided their seven dispensaries across the country.

The BrainBot, a brain-scanning technology developed by tech startup PotBotics, enables physicians to pick a marijuana strain that is most suited for their patients' needs.

However, Prime Minister Trudeau doesn't want Canadians to celebrate too early as he predicts a rough timetable to get a "framework to control and regulate marijuana".

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