Canada Becomes World Second Country to Legalize Marijuana

Canada became the first industrialized country and the second in the world after Uruguay to legalize the recreational consumption of marijuana and with the prediction that in some places the demand will be so high that the offer It will be exceeded.

Dozens of stores across the country, regulated by the Canadian health authorities, will begin to legally sell marijuana to those over 18 or 19 years of age, depending on the province. In some regions, there is a fear that the initial demand may be higher than the supply even though companies that have been licensed by the Canadian authorities to produce cannabis have been working at forced marches in recent weeks to produce as much marijuana as possible.

The government has suggested a sale price of about 10 Canadian dollars (7.7 US dollars) per gram so that the cost of legal cannabis is competitive with that of the black market. This price includes two taxes: the first of one Canadian dollar per gram or 10% of the final sale price, depending on which is the highest and that each of the ten provinces determines by the sale of any cannabis product that varies between 13 and 15 percent.

However, the price of marijuana will vary over time, depending on the cost you have on the black market. The authorities foresee that, although the final price of one gram of marijuana will be almost 25 percent higher than that of the black market, Canadians will prefer to acquire cannabis in official stores because it offers guarantees such as the level of THC, the psychoactive component of the drug.

A survey released yesterday indicates that four out of ten Canadians believe that the price will determine if they buy marijuana through legal channels or on the black market. The survey, conducted by the company Ipsos, indicates that the ideal price for marijuana buyers in the province of Ontario, the most populated in the country, is between 10 and 14 dollars per gram (between 7.7 and 10.7 US dollars).

Uruguay has been selling legal marijuana for a little over a year in pharmacies and the project initially rejected by the population now has more supporters than detractors. On July 19, 2017, Uruguay became the first country in the world to sell marijuana for recreational purposes to the public.

The drug is privately produced under the control of the State, and it is marketed in the framework of a pioneering law that regulated its consumption, sale and distribution. Approved in 2013, the norm enables three forms of access to cannabis for recreational purposes production at home or self-cultivation with up to six plants per person cooperative production in cannabis clubs; and the purchase in pharmacies.

The figures of Monitor Cannabis, an academic group that studies the implementation of the project, show that “three years after the beginning of regulation, the evolution of the prevalence (consumption) of cannabis presents an increase that is not extraordinary with respect to the tendency “, which was already increasing since the beginning of the century.

In other words, consumption was increasing in Uruguay and continued its trajectory once the law was implemented, without major leaps. The latest data from the official Institute for Regulation and Control of Cannabis (IRCCA), show that 54 percent of those who regularly consume marijuana go to any of the alternatives of the legal market when they want to smoke this drug, which previously could only be obtained illegally.

The four available varieties are sold in sealed bags of 5 grams, at a value of 1.40 dollars per gram. Every consumer registered to buy in pharmacies has the right to purchase 40 grams per month. Uruguay has almost seven thousand registered growers, 107 cannabis production cooperative clubs and 28,500 registered buyers, a figure that was multiplied by almost six compared to the first day of sale, according to official data.

The banking problems, as well as the fear of crimes associated with the presence of the drug in the premises and the rejection of the project of some apothecaries, determined that the number of pharmacies they sell is only 17.  “Earn 50 dollars per hour to evaluate the best that Canadian producers offer”: this is the announcement on Twitter with which the Ahlot company seeks experts in marijuana capable of tasting a substance whose sale and private consumption will be legal as of today in the whole country.

The work is intended for smokers who have enough experience with cannabis to “understand and discover the nuances, as well as differentiate one type from another”. The task of these marijuana experts is to help guide consumers. “Soon it will be difficult to differentiate between the hundreds of new brands” that will be offered after legalization, says the head of the company, Greg Pantelic.

If elected, candidates must give their impressions constantly about different types of marijuana, describe their knowledge about it in online forms and report regularly on social networks. “This job does not require physical presence in the office or residence in Toronto,” he adds. The influx of applications has been immense.

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Supriya Bhor

About the Author: Supriya Bhor

Having Knack for precision, I take a meticulous approach to find informative pieces of news across industries such as technology, ICT, healthcare and F&B to name a few. Follow me to catch the latest trend.

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