This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Canada just became the second country in the world to legalize recreational weed (Uruguay was the first in 2013). Medical marijuana was already legal in Canada since 2001, but a 52-29 vote in Senate passed The Cannabis Act and furthered the legalization to recreational marijuana on Wednesday.

The date that the bill will officially become law will be decided after the bill receives Royal Assent, but it could be as soon as this upcoming September, allowing about three months for the marketplace to prepare and establish itself.

In Canada, adults will be allowed to purchase cannabis and cannabis oil from licensed sellers. They will also have the opportunity to buy weed online from federally licensed sellers. Canadians will also be allowed to grow up to four marijuana plants per household. 

Only one ounce of weed will be permitted in public. In order to legally buy and use weed in Canada, federal law says you must be 18 years old, but some provinces have bumped their regulation to 19.

The bill goes puts the Canadian government in a position to regulate the industry. A tweet from Prime Minister Justin Trudeau shows the country’s intentions to do just that.

Based on the limitations that Canada will begin enforcing on recreational weed, it seems that some US state laws are less regulated than Canada’s. For example, some weed products won’t be immediately for sale in order to ensure the safety of them if they do hit the market, like edibles and cannabis-infused foods. There will also be restrictions on packaging and marketing.

You can’t fly with marijuana going in or out of the US, even if it’s medically prescribed, partially infused or in a state where it’s legal, since TSA follows the federal guidelines of the US. TPG is in the process of contacting Canadian authorities to find out how the bill will impact travel in Canada in the future.

H/T: BBC

Featured image by LARS HAGBERG/AFP/Getty Images.

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.