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A marijuana cultivation facility in Canada. Andrew Szeto/Tweed, Inc.
Canada's marijuana legalization bill is facing a crucial vote in the Senate Thursday afternoon.
Bill - Timeline - Legalization - Government - Bill
If the bill fails, it would push back the timeline for legalization and force the government to re-write the bill.
Marijuana stocks are getting slammed ahead of the vote.
Analysts - Bill
Analysts don't think it's likely the bill will fail.
Canada's marijuana legalization bill is facing a do-or-die vote in the Senate Thursday afternoon, and related stocks are getting slammed.
Bill - Effect - Summer - Senate - Floor
The bill is set to go into effect as soon as this summer, provided it doesn't get killed on the Senate floor.
The North American Marijuana Index, a measurement of all publicly-listed marijuana stocks in Canada and the US, was down 3.91% as of this writing, over fears Prime Minister Justin Trudeau's Liberal party would not have enough votes to overcome Conservative Party opposition to Bill C-45. The bill, if passed, would legalize the consumption and sale of marijuana nationwide.
US - Senate - Body - Trudeau - Bill
Unlike in the US, the Canadian Senate is an appointed body so it's unlikely that Trudeau would allow the bill to go to a vote if there was a chance of it failing.
Analysts in the marijuana industry aren't too concerned the bill...
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