Liberals’ Legal Pot Promise Expected to Shake up Black Market, Medical Cannabis Industry

The federal Liberals’ campaign promise to legalize recreational pot will likely shake up the economics of both the black market and medical cannabis industries, say experts.

But B.C. marijuana advocacy lawyer Kirk Tousaw said the new government will first have to look to other jurisdictions if it wants to be successful at regulating recreational cannabis.

“We can learn from Washington (state) overregulation can be just as problematic as under-regulating an industry and maybe even more problematic,” he told Business in VancouverOctober 20, the day after the Liberals won the majority of seats in the House of Commons.

Tousaw pointed to state governments in Oregon and Colorado, which he said have struck the right regulatory balance.

– Read the entire article at Business vancouver.