Legalized Marijuana In Washington Could Hurt B.C.’s Multibillion-Dollar Pot Economy

CANADA:  B.C’s massive pot industry is in for some tough times because of changes in U.S. marijuana policy and a shrinking market south of the border.

The changes have raised questions about whether B.C.’s economy will take a hit.

Washington state’s liquor board is expected to issue the first wave of retail marijuana store licences on July 7, with some of the 334 outlets set to open the next day. Pot growers for recreational marijuana already operate legally in Washington state. Colorado began allowing the sale of recreational pot on Jan. 1.

Marijuana sales haven’t started in Washington but the effects of the loosened drug laws are already being felt in B.C., said Simon Fraser University criminologist Neil Boyd.

 

Read full article @ The Province