|
Tantrika
Miss Ann Thrope




Registered: 03/26/12
Posts: 17,138
Loc: Lashed to the pyre
|
|
Our medical marijuana industry apparently saw a surge this morning after the election. 
Quote:
Canada’s budding marijuana industry could blossom into a $5-billion market if Liberals make recreational pot legal
It is already being compared to the end of prohibition.
Justin Trudeau’s majority win in Monday’s election paves the way for Canada to legalize recreational marijuana, a move that would transform the country’s nascent pot industry overnight. But while that is extremely exciting news for the licensed producers in the space, it would bring plenty of challenges as well.
The opportunity is obvious. There are currently about 35,000 to 40,000 patients enrolled in Health Canada’s medical marijuana program. The total market is worth perhaps $80 million to $100 million. If recreational pot becomes legal, the potential customer base suddenly runs in the millions. Dundee Capital Markets analyst Aaron Salz figures the market would then be worth up to $5 billion.
“The Canadian marijuana space could be set for another revolution,” he said in a note.
Ottawa birthed this sector in April of last year, when it introduced rules requiring medical marijuana patients to buy their product from licensed and heavily regulated producers. That prompted dozens of new entrants into the industry, and there are now 26 licensed producers. The top public companies in the space include Canopy Growth Corp. (formerly known as Tweed Marijuana), Aphria Inc. and Mettrum Health Corp.
Shares of all those firms jumped higher in early trading Tuesday. But they leveled off as the day went on, in part because Trudeau’s victory was priced in.
The producers are in an ideal situation to capitalize if recreational pot becomes legal. Canada’s regulatory environment for marijuana is fully established and considered the best in the world, and the producers are used to the rules. The top ones are capable of rapidly scaling up production to handle new demand.
“I have a material production advantage over somebody that is trying to move their facilities around to avoid being busted,” Canopy chairman and chief executive Bruce Linton said in an interview. Andrea Hill, a lawyer at Wildeboer Dellelce LLP who has worked on numerous pot deals, said that when Colorado worked to legalize recreational pot, authorities worked directly with existing medical marijuana stakeholders to prepare for changes in the market. The licensed producers would get a healthy head start if the same thing happens here.
But there is no guarantee that recreational pot is going to be the industry savior that many insiders assume.
To date, none of the major licensed producers is generating positive cash flow, though some are close. Assuming marijuana production rises dramatically as recreational pot becomes legal, that could put pressure on prices and force a lot of the smaller producers that lack scale to either shut down or merge with competitors. Consolidation is likely, according to some experts, though nothing is certain. “There are so many variables at play, and it’s still so early,” Hill said. Positively, she noted that prices have not fallen in Colorado and Oregon since legalization.
Perhaps the biggest question around legalization is whether it will attract global giants from the alcohol, tobacco or pharmaceutical industries. Salz believes that this industry is a natural fit for Big Tobacco, which has a similar business model but is suffering because of extremely low smoking rates among new consumers.
If those huge players do come in, their logical route would be to acquire existing producers that can scale up production and are fully familiar with the regulatory environment.
“The concern will be that they make a hostile takeover bid or pursue (a takeover) very aggressively,” Linton said. “But those are good problems to deal with.”
Link.
|
ChinChiller



Registered: 07/03/10
Posts: 3,270
|
Re: LEGAL WEED!!! [Re: Atreyu]
#22416643 - 10/22/15 03:47 AM (8 years, 3 months ago) |
|
|
Supremacy Clause, as long as its Federally illegal its illegal. The Obama administration is turning a bit of a blind eye as the justice department could go after these states and probably win the case.
Edit:not in the land of the free. Dont know how law works up north eh?
Edited by ChinChiller (10/23/15 03:18 AM)
|
Ezuma
Gontish Wizard



Registered: 12/02/13
Posts: 8,423
Loc: Roke
Last seen: 10 months, 21 days
|
|
This is in canada tho
|
ChinChiller



Registered: 07/03/10
Posts: 3,270
|
Re: LEGAL WEED!!! [Re: Ezuma] 1
#22421339 - 10/23/15 03:17 AM (8 years, 3 months ago) |
|
|
Quote:
Ezuma said: This is in canada tho
lol my bad
|
my3rdeye



Registered: 08/10/12
Posts: 4,354
Loc: Canada
Last seen: 2 years, 8 months
|
|
I like our new PM. The old one just screamed "terrorist" at brown people the new one actually has some Bollywood moves
|
alexmir

Registered: 02/26/15
Posts: 388
Last seen: 1 year, 2 months
|
Re: LEGAL WEED!!! [Re: my3rdeye]
#22421610 - 10/23/15 06:22 AM (8 years, 3 months ago) |
|
|
I am so excited for Canada! !
|
NotTheDevil
Transhuman


Registered: 01/08/13
Posts: 5,436
Loc: US
Last seen: 3 years, 1 month
|
|
Quote:
Prisoner#1 said:
Quote:
mollymadman said: Liberals take a majority government!
Should be 2 years tops until we get legal weed in canada.
hahahaha... they said that when obama got elected too
President|=Majority Government
|
my3rdeye



Registered: 08/10/12
Posts: 4,354
Loc: Canada
Last seen: 2 years, 8 months
|
|
"you're not going to hotbox my office"
22 Minutes Star Asks To Smoke Pot With Justin Trudeau (VIDEO)
Let's face it, throne speeches aren't exactly the most exciting things in the world.
But "22 Minutes" comedian Mark Critch came up with an idea last week to kick things up a notch.
Critch was in Ottawa for the big speech in the Senate and got some laughs from Tory cabinet minister Peter MacKay and NDP Leader Tom Mulcair.
But his exchange with Liberal Leader Justin Trudeau was downright hilarious.
Critch brought up Trudeau's admission this summer that he smoked marijuana since becoming an MP in 2008.
"I've never really been to a throne speech before, you've been to a lot of them. Jesus Justin, it's boring stuff," Critch said. "The question I wanted to ask you is where around here can a fella light up?"
Critch then took out what appears to be a joint.
"You're kidding," the Liberal leader said, laughing. "You didn't bring that to Parliament."
While Critch's stunt may have caught Trudeau by surprise, the Liberal leader didn't miss a beat.
"You’re not going to hotbox my office," Trudeau said, taking the lighter from the comedian.
"Oh, I thought you were the cool MP," Critch said.
http://www.huffingtonpost.ca/2013/10/22/22-minutes-justin-trudeau-pot-video_n_4143431.html
|
passifloracaerulea



Registered: 11/13/10
Posts: 10,485
|
Re: LEGAL WEED!!! [Re: my3rdeye]
#22443341 - 10/28/15 04:12 AM (8 years, 3 months ago) |
|
|
Fucking can't stand how asswipe politicians like Obama and Trudeau get the credit for legalizing herb. What did these assholes ever do to actually help the legalization movement? They aren't the ones who stood up against the federal government or kept genetics alive during the height of the drug war. People like me who actually did fight and reject the drug war get no credit. Now we have these "cannabis moms" who talk shit like they were the ones who legalized it. These women(I know one personally) were scared to death of giving their kids weed for seizures until just recently when they got legal support through for doing so. Before that these moms were feeding their kids fucking depakoate while all along knowing they were poisoning their kids while there were clear alternatives available.
|
Gorlax



Registered: 05/06/08
Posts: 6,695
Last seen: 16 days, 21 hours
|
|
Pretty harsh and I don't think many of those moms sole purpose was to legalize weed. They just wanted it as an option for their kids. It sure does help the cause. The people to blame are the dispensary owners and growers who used those people as fronts to pretend like their 30,000 plant farm was solely for babies having seizures. Lets all be real most of that pot is going on to the streets for us not for them. But yes Obama had nothing to do with anything weed related and actually increased attacks on it, contrary to what everyone thought when they voted for him.
|
Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
|
Re: LEGAL WEED!!! [Re: Gorlax] 1
#22443557 - 10/28/15 07:13 AM (8 years, 3 months ago) |
|
|
Yes, Obama truly did drop the ball on weed issues, but remember, it was those dirty lib'rul states that DID make it legal. And if the Teapublican loonies get ahold of the government, you'd better believe they'll shut that shit down fast.
|
passifloracaerulea



Registered: 11/13/10
Posts: 10,485
|
Re: LEGAL WEED!!! [Re: Gorlax]
#22445355 - 10/28/15 03:13 PM (8 years, 3 months ago) |
|
|
Quote:
Gorlax said: Pretty harsh and I don't think many of those moms sole purpose was to legalize weed. They just wanted it as an option for their kids. It sure does help the cause. The people to blame are the dispensary owners and growers who used those people as fronts to pretend like their 30,000 plant farm was solely for babies having seizures. Lets all be real most of that pot is going on to the streets for us not for them. But yes Obama had nothing to do with anything weed related and actually increased attacks on it, contrary to what everyone thought when they voted for him.
You're partially right. The woman I know actually gave her kid with severe brain damage weed against her doc's, family, and many friend's advice and support. She's awesome for sure and makes great medicine. Yeah most people involved are pretty cool. It's kinda ridiculous though how these nutrient companies are putting on seminars about their products and there are even soil quality seminars. These new industry growers show up stoned and treat it like a social event, then go home after an hour or two and act like they've been certified organic farmers working acreage for years and have seen all the pests, diseases etc . I know one grow business that actually knows what they're talking about and consistently produces herb above the medical standards. My standards were to always achieve the highest trichome/size while producing the lightest plant matter underneath possible. Doesn't work for commercial growers or anyone who considers a large yield to be primary.
|
|