Within a matter of months, marijuana history might be made. On June 7, Canada’s Senate is set to vote on legislation that would make it only the second country in the world, and the first developed country, to legalize recreational cannabis. If Parliament moves forward with legalization, it could add $5 billion or more in annual sales. However, it should be noted that getting the product in dispensaries will take a good eight to 12 weeks post-legalization, making August or September the earliest point at which adult-use pot would go on sale.
Early signs are certainly pointing toward legalization. Canada’s