*By Jacqueline Corba*
Canada is set to become the first nation in the G7 to legalize marijuana for recreational use at the federal level on Oct. 17.
"It's a little bit like a patchwork like it is in the United States, except it's under the umbrella of legality," Cannabis Wire co-founder and editor Alyson Martin told Cheddar's CannaBiz on Tuesday. "It will be legal countrywide but it is going to have a province-by-province roll out."
Each province can set the eligible age for marijuana consumption, Martin said.
Despite a murky rollout, marijuana companies based in Canada are booming in the public market.
Shares of Tilray ($TLRY), a medical marijuana producer, are up a [staggering 475 percent](https://cheddar.com/videos/tilray-shares-hit-new-high) over the last three months ahead of Canada's legalization.
"It's historic," Poseidon managing partner Morgan Paxhia said in a separate interview. His company invests in companies involved in the cannabis industry.
"That pool of capital, that significant size, we believe is indicative of what's to come in the United States."
About 16 percent of Canadians aged 15 or older have reported using marijuana in the last three months, according to [Statistics Canada](https://www150.statcan.gc.ca/n1/daily-quotidien/180809/dq180809a-eng.htm). That's about 4.6 million people in a nation of about 36 million people.
California, which legalized cannabis at the start of 2018, itself has an even bigger population of 40 million. Does its change in law signify anything about the wider U.S.? Possibly.
According to a [recent Pew Research poll](http://www.pewresearch.org/fact-tank/2018/10/08/americans-support-marijuana-legalization/), 62 percent of Americans are currently for legalizing the drug, a slight increase from a year ago, but double the percentage from 2000.
Millennials are among the most ardent supporters, with 73 percent in favor of legalization, according to Pew.
For Martin, that suggests that legalization in the States is inevitable.
"That's way above the threshold that pollsters really look at to have a safe margin for it to pass. I think what it is going to signal more to lawmakers in states that want to legalize by legislature versus ballot box that there's real, serious support here."
For full interview [click here](https://cheddar.com/videos/countdown-to-canada-inside-legalization-roll-out).
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
