Legal cannabis is good for the economy, David Dodge says - From Cantech Letter

Legal cannabis is good for the economy, David Dodge says - From Cantech Letter
Legal cannabis is good for the economy, David Dodge says - From Cantech Letter

FROM CANTECH LETTER

The federal Liberal government has underlined its intention to make recreational adult-use cannabis legal within a few months, despite concerns that the process is moving too fast.

But however long the lead-up period ends up being, legalization will mean one less black market item and one more industry brought into Canada’s formal economy, and that’s good for all Canadians, says former Bank of Canada governor David Dodge.

Otherwise known as the Cannabis Act, Bill C-45 to legalize the recreational use of marijuana is currently being debated in the Senate, where the timetable for passing the bill plus allowing for a follow up preparatory period for regulators and industry now stands at sometime in August. But that timeline is too quick for provincial authorities to properly set up their regulatory frameworks, say the bill’s critics, who include members of the federal Conservative party as well as members of the Senate.

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