In just over two weeks, the Canadian federal government will be making a game-changing decision for the legal cannabis industry. Its Senate is set to vote on bill C-45, which is more commonly known as the Cannabis Act. Assuming a positive vote, the Cannabis Act, which would legalize recreational marijuana throughout the country, is expected to be quickly moved through the necessary steps to be signed into law. By August or September, legal weed sales to adults aged 18 or over are expected to commence.

Opening the door to legal marijuana sales should allow the Canadian pot industry to add approximately $5 billion in annual sales, when ramped up. This will come atop the revenue already being realized from medical cannabis sales and via exports to medical marijuana-legal foreign countries.