Presented here are proposals designed to supplement the LDB’s role in cannabis distribution, and could be adopted individually or in combination.
Canada’s Cannabis Act divides the responsibility for cannabis regulation between the federal government and the provinces and territories.
Canada is the second country in the world to legalize cannabis. Nine US states have already legalized recreational use, offering insight into what can be expected for BC’s legal industry.
BC’s legal cannabis industry will only truly succeed if the province’s black market is also simultaneously eroded and replaced. This requires a dual switch - of consumers to legal retail channels, and of illicit production into the regulated industry.
The legalization of cannabis in Canada represents a significant economic opportunity for Canada, with the market worth up to $7.17 billion in 2019.