Marijuana Legalization: Is Canada Missing Out on Billions?

A new draft policy paper from the B.C. branch of the Liberal Party is calling on the government to end prohibition of marijuana in Canada and is providing answers on job creation and government tax and licensing revenues should the province go the way of our friends across the border.

In November, Colorado and Washington State voted to legalize pot smoking without medical justification. It’s estimated the marijuana market in Washington State alone will generate more than $1.9 billion over five years, the policy paper notes.

“One economic analysis conducted by the Colorado Center on Law and Policy found that the initiative will generate upwards of $60 million per year in new revenue for the state and localities,” says Mason Tvert, director of communications for The Marijuana Policy Project in Colorado, a lobby group in the state

Should B.C. follow suit, it’s estimated the province could count on an additional $2.5 billion in tax and licensing revenues over a five-year period, according to research from Simon Fraser University cited in the report. The province would also benefit from thousands of new jobs, both directly and indirectly related to the cultivation, distribution, transportation and regulation of marijuana.

The potential economic benefit of legalized marijuana to Canada as a whole is estimated to exceed $4 billion annually, based on three million consumers, the report says.

– Read the entire article at Yahoo Finance.

Comments

5 Comments

  1. Anonymous on

    Its so funny the brainwashing our citizens have had in this country. For that matter the west in general.

    It’s good to know that the majority of our young do not hold these illusions and so look at it as foolishness.

    Though there are many issues the next generation will have to face due to our mistaken ideals I really think they’ll overcome and make a much more open and honest world to live in!

    Good luck youth, it’s up to you now.

  2. Anonymous on

    The Harper reform party (these are NOT Tories) will thump the bible and make casual inquiries to their base of angry old white men and conclude that Marijuana is a dangerous hallucinogen and is a gateway drug to crack, cocaine and heroin addiction because the undesireable ethnic groups want to get hopped up on a Saturday night and ravish good pure Christian white women. Then they will dismiss the idea out of hand and hand a contract for a new super jail to one of their cronies so they can fill it with kids caught with a half-smoked joint in their pocket.

    The 21st century, research and the Canadian population be damned.

  3. Anonymous on

    The Harper reform party (these are NOT Tories) will thump the bible and make casual inquiries to their base of angry old white men and conclude that Marijuana is a dangerous hallucinogen and is a gateway drug to crack, cocaine and heroin addiction because the undesireable ethnic groups want to get hopped up on a Saturday night and ravish good pure Christian white women. Then they will dismiss the idea out of hand and hand a contract for a new super jail to one of their cronies so they can fill it with kids caught with a half-smoked joint in their pocket.

    The 21st century, research and the Canadian population be damned.

  4. Anonymous on

    To all political parties.

    We as Canadians that enjoy cannabis in the safety and privacy of our homes and out at the lake with family and friends. We want this trade to become legal. We want jobs created. We want our money to go to programs such as education, health-care, and programs to help our countries poor and struggling through tax.

    Please Legalize and Tax. Don’t follow prohibition that only funds gangs and gun violence.

    Remember Alcholo. Legalize, regulate, & Tax. That’s the motto.