We have written previously about Alberta's new legislative
framework for legalized recreational cannabis and how it will
affect businesses and the economy on a provincial level,
here and
here, (but how will the legalization of cannabis in Canada
affect the insurance industry?
The Federal Government's Bill C-45, An Act respecting
cannabis and to amend the Controlled Drugs and Substances Act, the
Criminal Code and other Acts (the "Cannabis
Act") sets out the regulatory framework for the
legalization of recreational cannabis in Canada. The official date
for legalization is set for July 1, 2018, although it is widely
thought that retailers will not actually be allowed to sell product
until the early fall of this year 1. Bill C-45 is
accompanied by Bill C-46, An Act to amend the Criminal
Code (offences relating to conveyances) and to make
consequential amendments to other Acts, which sets out three new
drug-impaired driving offences as follows:
