Canada legalises recreational cannabis use
The Cannabis Act passed its final hurdle on Tuesday in a 52-29 vote in the Senate. The bill controls and regulates how the drug can be grown, distributed, and sold.
Canadians will be able to buy and consume cannabis legally as early as this September.
Great article, good for Canada, I'm a big believer in freedom and letting people do what they want. I'm not a drug user, but people should be able to make up their own minds, not to mention the medical benefits of cannabis.
Read the full story here...
https://www.bbc.com/news/world-us-canada-44543286
sounds like interesitng news will be interesting what their market looks like as it matures
My prediction is that it's going to be big, I saw where beer and alcohol sales go down big time wherever cannabis is legalized.
yea its interesting that it goes down seems a substitute for many, would be great if the prices werent very high though. According to Rand Corp outdoor sensimilla should be $8-10 per lb, if not below $1, and indoor $80-200 per lb.
I think I remember reading something to the effect that placing that have legalized cannabis outright have seen the prices fall because people are allowed to grow a small amount of their own instead of having to buy 'medical'.....
yea not sure,hoepfully it becomes a fair price rand corp estimate outdoor sensimilla perhaps below $1 per pound or as high as $200 for indoor per lb
The industry is so new I'm not sure any of those estimates are accurate
Rand Corp is one of the most respected think tanks in the world, and weed is just a weed so pretty sure it's the best estimate available to the public?
https://www.rand.org/pubs/working_papers/WR764.html
I think the US is moving in the same direction, but I think it will be more state by state basis, not country wide. Anyway, some of the companies that produce cannabis are going to make a fortune in Canada and the US. Anyone have any picks?
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Great thanks