Marijuana will be legal nationwide in Canada starting Oct. 17 in a move that should take market share away from organized crime and protect the country's youth, Prime Minister Justin Trudeau said Wednesday.
The Senate gave final passage to the bill to legalize cannabis on Tuesday, legislation that will make Canada only the second country in the world to make pot legal across the country.
Trudeau said provincial and territorial governments need the time to prepare for retail sales.
The prime minister said at a news conference that the goal is to take a significant part of the market share away from organized crime.
Trudeau promised to legalize it during the 2015 election and had set a goal of July 1 for it. The provinces pleaded for more time.
Canadian marijuana stocks have rallied in anticipation of legalization and jumped again on Wednesday.
Many of his customers are Canadian tourists who are terrified of trying to bring pot across the border, he said. If more use marijuana when they're in Canada, more will use when they're on vacation in the states.