Trudeau made the proclamation during question period Wednesday, saying the provinces wanted more time to implement the new regime than originally anticipated.
"Over the following months and indeed years we will completely replace or nearly completely replace the organized crime market on that", he said.
Prime Minister Justin Trudeau, who announced plans to legalize the drug in April 2017, has rebuffed provincial leaders who say they need more time. "However, there may arise a challenge by an individual of another jurisdiction's law", she said.
Passage of the bills had Trudeau and his ministers basking in the glow of finally delivering on one of the Liberals' biggest campaign promises in 2015. It was widely reported that each province would have a say in how cannabis was to be sold, distributed and priced under the legislation from the beginning.
Trudeau, who in 2013 said he had smoked a joint with friends "five or six times", justified legalization on the grounds that it would take traffickers out of the equation and protect young people.
Iran rebuffs Trump's call for OPEC to increase oil output | AP business
The US West Texas Intermediate (WTI) crude priced US$66.49 per barrel, up 1.5 per cent from the last close, said the source . Al Mazrouei said that OPEC and its allies would now work to boost production by up to 1 million barrels a day.
"At some level, we know that spending more than half of your waking hours intoxicated for years and years on end is not increasing the likelihood that you'll win a Pulitzer Prize or discover the cure for cancer", Jon Caulkins, a drug policy expert at Carnegie Mellon University, told Vox.
"The impact is we're going to have all those involved in illegal marijuana peddling right now becoming large corporations and making a lot of money and they're going to be doing it at the expense of vulnerable people in this country", said Conservative Sen.
That would have put day one of legalization in late September.
Canada is following the lead of Uruguay in allowing a nationwide, legal marijuana market, although each Canadian province is working up its own rules for pot sales. Some of the rejected provisions included a proposal allowing provinces to ban home cultivation of marijuana, distribution of branded "swag" by cannabis companies as well as a public registry of cannabis investors.
The total market, including medical, illegal, and legal recreational cannabis, is expected to generate up to $7.17 billion in sales in 2019. Although, A.P. reports most provinces plan to add another year to the minimum age.
But Trudeau boldly predicted Wednesday that "at the beginning we're going to take a significant part of the market share - right now occupied nearly entirely by organized crime - away and over the following months and indeed years, we will completely replace or nearly completely replace the organized crime market". If that number holds true, marijuana would pass the liquor industry's profits in Canada.