Ontario residents can now buy cannabis online, must wait for retail stores

Uruguay was first was the first country to legalise marijuana, in 2013.

In provinces without a regulated retail framework, Canadians can purchase marijuana online from a federally licensed producer with "secure home delivery".

The U.S. Customs and Border Protection reiterated Wednesday that despite Canada's legalization of recreational marijuana the substance is still illegal under U.S. federal law and will not be allowed to cross the border.

The Canadian legislation, known as the Cannabis Act, stems from a campaign pledge of Prime Minister Justin Trudeau to keep marijuana away from underage users and curb marijuana-related crime.

Under the new law, Canadians can also order marijuana through the mail. Like marijuana businesses in Colorado, California, and Washington state, the Uruguayan sellers have had to resort to cash, with all its attendant risks.

The law came into effect at midnight and locals in some communities braved the cold to buy their first legal grams of the drug.

In the early going, the Ontario Cannabis Store will be offering a fairly limited variety of products, with buds, some oils, and pre-rolled joints available for purchase.

Each Canadian province has set its own age limit and rules on how to sell the drug - with some opting for storefronts and others pushing business online. In Quebec, a newly-elected government has promised to hike it to 21. She points to Statistics Canada data that found more than 40 per cent of Canadians older than 15 have tried marijuana at least once in their lives.

A woman waves a flag portraying a marijuana leaf to celebrate National Marijuana Day on Parliament Hill in Ottawa on April 20, 2016.

Whatever your view on pot stocks, the world seems fascinated by Canada's legalization experiment. "By taking this bold and principled step, Canada will likely become an inspiration for many other countries".

Medical marijuana has been legal in Canada for almost 20 years.

Legalizing cannabis is expected to create an industry worth more than $4 billion in Canada.

After running up dramatic gains in the lead-up to legalization, cannabis shares failed to join the party Wednesday.

In the USA, it's a different ballgame. Perry said USA federal law supersedes state law, so even if recreational marijuana becomes legal in MI later this year, the same law will be enforced at the Canadian border.

Using cannabis and driving is illegal and risky. "Up to four cannabis plants will be allowed per household", Toronto police tweeted.

Watch Canopy Growth, Tilray, and Cronos trade in real time. It's the largest corporate investment in a marijuana cultivator to date.

That sale of maybe a single gram of cannabis this morning will change the world over time. CBD is a non-psychoactive component of marijuana that's linked to a range of health benefits but can't get you high.

KTW will have staff at the location to document the historic day, with stories and photos and a planned Facebook Live feed from the store. Adam Bierman, the CEO MedMen, the largest United States cannabis retailer, told Business Insider in an interview.

In neighbouring U.S., nine states and the District of Columbia have legalised marijuana.

  • Leroy Wright