Why, You Ask?

In fact, if not for Arizona falling 2% short of passage with its recreational-weed initiative, the pot industry would have been a perfect nine-for-nine this past November on Election Day. Even more recently, our neighbors to the south announced that they were legalizing medical cannabis . That’s no small accomplishment for Mexico considering that the Catholic church is opposed to expanding marijuana use. And now, Canada, which legalized medical marijuana all the way back in 2001, is seriously considering legalizing recreational weed for adults. A recently introduced bill by Prime Minister Justin Trudeau would allow Canadians ages 21 and up to legally purchase and carry up to 30 grams of marijuana (just over an ounce) beginning on July 1, 2018. The proposal also has a home-grow option of up to four cannabis plants per household. If it becomes law, Canada would be the first developed country to legalize recreational weed, and only the second country worldwide to do so, behind Uruguay.  Canada’s recreational weed bill is pure genius But there’s another component to Canada’s recreational bill that makes it pure genius. According to Trudeau, though a number of finer points of the bill are still being debated, one of its core components would be a very low sales tax rate on recreational cannabis. Why, you ask? Trudeau’s primary focus isn’t on revenue generation for Canada, so much as weeding out (pun intended) the black market in his country.  Price is easily the biggest differentiating factor between legal weed and under-the-table cannabis. People who operate in the black market don’t have to worry about paying taxes on the sale of their products, nor do they typically have marketing costs, or traditional brick-and-mortar expenses from having a physical store location.

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