In committee (Senate), as of April 11, 2024
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This is from the published bill. The Library of Parliament often publishes better independent summaries.
This enactment provides for the development of a national strategy to decriminalize simple possession of illegal substances, amends the Controlled Drugs and Substances Act to repeal provisions that make it an offence to possess certain substances and makes consequential amendments to other Acts.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.