Canada passes bill legalising marijuana. This is an emerging sector for investors.

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A key legislative hurdle has been passed as Canada moves closer to legalising recreational cannabis.

Canadian senators passed the Cannabis Act by 56 votes to 30 with one abstention after studying the landmark legislation for six months.

Prime Minister Justin Trudeau has committed to making marijuana legal by this summer.

Canada will be the first G7 nation to legalise recreational use of the drug. Medical use has been legal since 2001.

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The vote on Thursday sends the bill back to the House of Commons, where members of Parliament will decide whether to accept the dozens of amendments added to the legislation by the Senate.

The vote had been expected to be close, and the Trudeau government moved on Wednesday to shore up support by assuring indigenous senators it would address significant concerns they had with bill.

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That included committing more resources to mental health and addiction services for indigenous people in Canada.

www.bbc.com/news/world-us-canada-44407795

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