Federal and provincial governments earned $2.5 billion from adult-use cannabis sales during the fiscal year ending March 31, 2025, according to data from Statistics Canada. The total represents an 11.5% increase from the previous fiscal year. Simultaneously, governments earned $13.1 billion from alcohol sales, which marked a 4.2% decline and the largest annual decrease since the agency began tracking the figures in 2004-2005. During the fiscal […]
Canada Cannabis News
Canada is a global leader in the cannabis space — medical cannabis was legalized there in 2001 and, in 2016, Canada became the second country in the world to legalize adult-use cannabis. Find the latest breaking news and business developments from the Canadian cannabis industry below:
Cannabis legalization in Canada
Cannabis legalization took effect in Canada on October 17, 2018 — the event was an early success for Prime Minister Justin Trudeau, who had promised he would end cannabis prohibition if he was elected. The legalization bill contained language for erasing cannabis-related criminal records but advocates argue the amnesty program is too complicated and difficult to be as widely available as it should be.
Leaders in the international marketplace
Because they operate in a federally legal market, Canadian cannabis companies enjoy many perks over U.S.-based firms, including the ability to get publicly listed on the Canadian Stock Exchange and enter into global partnerships. Today, many Canadian cannabis firms are also operating in Europe and South America; some of the bigger companies are even working directly with foreign governments to help supply their medical cannabis programs.
Canada cannabis possession rules
- Canadian adults aged 18+ can purchase and possess up to 30 ounces of cannabis.
- Individual provinces may set their own cannabis rules and restrictions.
- Many licensed cannabis operators dispense their products through the federal mail system.
- Dispensaries are available, depending on the province.
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