I see where Wente's got a ominous warning in her Globe column that legal weed is gonna lead to more potheads.
Hmm...
I have my doubts. I'm no expert, but I've been using the illegal stuff for pretty much fifty years now, and it seems to me that most anyone inclined to smoke pot is already smoking it.
What intrigues me is the mass hysteria of the folks who have already bid up the market cap of legal pot providers in Canada to over fifty billion dollars! Just who do they imagine is going to be smoking all this stuff?
What I see is a massive oversupply just over the horizon. All the folks already smoking weed they get from their existing suppliers aren't likely to drop them and pay double for "legal" weed just because it's legal.
Then what?
Then the air's gonna come out of that fifty billion dollar balloon, and fast!
My tip to legal pot investors; get out while the getting is good.
Those stock valuations are gonna go up in smoke.
So true. Vancouver has more "pot dispensaries" than Starbucks. Ummm...few or none were supplied by legally registered producers. Where did their product come from? No one says. But on Kingsway's "Little Saigon", there always seems to be an overabundance of high-end cars parked outside of Pho restaurants...and walk into these "restaurants', conversation comes to a sudden halt. And doesn't resume until you leave. But they are only the producers...There is a reason why our local "motorcycle enthusiasts" are the wealthiest "club" in the world. Seriously.
ReplyDeleteWhat will be offered legally, will be taxed. The local underground market will always undercut a government taxed product. But the Rubes will get their "Purple Kush" and craft beer at a central location and just think what a novelty that will be at suburban weekend dinner parties.