New Industry in Canada
Updated: Jul 7, 2019
Legalization of cannabis occurred on October 17, 2018 across Canada following in the footsteps of the American states of Washington on December 6 2012, and Colorado on January 1 2014. Now 10 US states including Oregon, California, Nevada, Michigan, Maine, Vermont, Massachusetts, and Alaska have legalized and 26 countries across the world have either decriminalized or legalized with more legislation coming down the pipe every year.
British Columbia has become a world renowned producer of "BC Bud" over the years due to ideal growing conditions and low populations as well as easy access along the southern border into the United States.
Despite the westernmost Canadian province of British Columbia having had a culture of cannabis dating back to the arrival of Vietnam war draft dodgers in the 1960's, and a quiet underground culture for a number of years before that, our province has been the slowest to get cannabis to market. In the Okanagan we have ONE store opened to date and they only opened their doors on July 1, 2019 in Vernon. Otherwise, in order to legally purchase cannabis you must order it from the BC Cannabis Store website and it is shipped in the mail. This takes anywhere from 3-5 business days and if there are any issues with your order it will take even longer.
It's almost embarrassing that a region revered around the world has been one of the slowest and least effective to get their legal cannabis to market. This is incredibly frustrating when you account for the higher cost of product, the wait time, and the shipping expenses and it's no wonder the underground market is still thriving. It's a crying shame to be honest, because when you have the opportunity to select the strain you wish to try based on it's terpene profile, common effects, estimated potency, producer, etc. you can make better decisions regarding your health.
Sativa, Indica, and Hybrids all have major differences in the effects they have on the human body, and without proper information for the consumer it can be detrimental to your well being, causing anxiety, paranoia, restlessness, etc.
Once the regional industry gets off the ground properly there is reason to believe it will contribute to potential revenue in the ballpark of around $5 billion (CIBC World Markets, 2016) across Canada, and conservative estimates could be in the range of $10-20 billion by the year 2036. And whose to say what that outlook will be once other countries fully legalize. Import/export of cannabis will become a monster of it's own in no time.
The Canadian supply reportedly won't meet demand until 2022 leaving lots of room for up-and-coming producers, retailers, manufacturers, and others interested in secondary markets such as cannabis tourism.
Let's hope things get ironed out sooner rather than later and walking down to your local pot shop will be the norm.