June 7. This was when Canada’s Senate is voted on and approved bill C-45, which is legislation that will make the recreational use of marijuana legal across the country. The Senate already cleared one key hurdle in March, with a 44–29 vote to allow the bill to advance to committee review. And this next move sealed the deal

As it stands today, within the last 100 years the Senate has only voted against one bill approved by the House of Commons. Based on this I think that it’s highly likely the bill will pass the third and final reading without a hitch.

But the key question for the cannabis industry has a lot riding on how big the Canadian recreational marijuana market will actually become. Colorado’s results from legalizing recreational marijuana could provide a clue to the answer.

Which Marijuana Stocks Will Be Ones To Watch?

Now that we’ve seen that index tracking Canadian marijuana stocks specifically, has realized a considerably greater uptrend in value, we will most likely see more attention placed on Canadian cannabis in the near term. This is also the country that is beginning to see some of what we can consider early M&A activities right now.