About marijuana legalization is how the tax revenue windfall is bettering all of our lives.
The Canada Revenue Agency has begun writing off millions in tax owed by bankrupt marijuana dealers. Unpaid excise taxes overall are more than a quarter billion since Parliament legalized cannabis: ‘66% of licensees have an outstanding tax debt.’
Open a business. Collect taxes. Declare bankruptcy. Keep the taxes. CRA gives up. Success. Move on.
How many Liberals MPs and friends have ‘invested’ in the cannabis business?
How much of the tax money went to Liberal MPs and friends?
Perhaps we should ask Randy?
Here in Ontario we call them “friends of Bill Blair”. There’s a few Conservatives in the mix as well…Ernie Eves comes to mind.
George Slitherman was deeply involved in the legal weed trade, being one of the first licensees
Well, when you can buy weed on the street for one third the cost, that kind of competition can really bite into your bottom line. As if no one saw this coming…..
Legal growers, at current prices their profit margin is maybe 10-20% max. Before taxes. You can’t run a business on that. So they are all going bankrupt. Duh.
Illegal growers, they grow it by the acre and harvest with a baler. The weed is crap, but their costs are very low. They also don’t pay any TAXES at all, which instantly puts them 50% or more ahead of the legal growers.
Bottom line, the “recreational market” is a few stoner losers with no money. Normies do not enjoy recreational use of weed, because it isn’t any fun. Beer is better.
Medical weed is an excellent thing, and covers a large number of ailments and chronic conditions with a VERY CHEAP treatment. Big Pharma hates it, and that’s why you keep seeing “DEMON WEED REEFER MADNESS!!!!” stories in the media. They’re -lying- to prop up their much more expensive (and profitable) pills.
When you see/hear those stories about how weed wrecked some guy’s life, if that guy had been doing any other drug that recklessly and that much (like drinking for instance, drunk all-day, every day) he’d have been deader than road kill. Do you trust the media on Covid? No? Then why do you trust anything they say about weed, either for or against?
If you want some weed for what ails you, talk to a -qualified- physician, meaning somebody who specializes in weed, not a freakin’ family doc at the walk-in. The specialist will fix you up with the right stuff. The dork behind the counter at the local legal weed store is high on his own supply and doesn’t know what day it is. Your super cheap street connection may have mixed some fentanyl (or something much worse) in there for extra kick, so buyer beware.
If all you want is a distraction, stick to the beer.
Your super cheap street connection may have mixed some fentanyl (or something much worse) in there for extra kick, so buyer beware.
We recently had that happen in my small town outside Saskatoon. Street weed, guy who bought it shared with a friend. Friend OD’d but was revived with naloxone. Buyer OD’d and died as he was alone at home. Female neighbor would have smoked with him, but missed his calls and thus missed out on a chance at dying.
What frustrates me the most about people’s response to this here is that almost all of them say “he had no choice; he had to smoke up to make it through the day.” They all still smoke daily, using weed like cigarettes.
Tommy Douglas wasn’t entirely wrong.
In a sane nation the cops would hunt down the dealer and charge him with murder and attempted murder. But not here, because Canada is Backwards Land. Here they probably arrested the friend who survived.
Stoners smoke up all freaking day long. They get wasted at noon when they crawl out and stay wasted until they finally crash at whenever o’clock. It is not a good life. The side effects are not fun either.
But, the fact that they can do that at all, and KEEP DOING IT for 20 years without dying or disintegrating in some disgusting way, it says something about the nature of weed. There’s nothing else that does so little damage at that level of abuse that I’m aware of. Everything else will kill you for sure.
Bottom line, could be worse. Could be artificial canabinoids, like spice. Guys are dropping dead from that stuff. One hit, bam, you’re done.
Yep and this is happening in Calif and WA state.
Fools
As if this was actually going to work….Laughable.
I imbibe only very occasionally… like may be a cpl times a year…Haven’t bought anything in 6+ yrs.
One day here bout a cpl yrs ago, I walked into a Calgary Co-oP vendor just to see what kind of $$ they were charging. I was floored..!
Pricing totally out to lunch… EXORBiTANT beyond belief…4 folks “working” there… I was the only “potential” customer.
Legalizing it resulted in every big time Dealer going online…& delivering by Canada Post. Another complete F up by the Libs. But then, hey, it’s just another facet part of the plan to Annihilate Canada.
Must disagree. Not a plan to destroy Canada, a plan to profit HUGELY and then stick us with the tab.
Which they did! Do you remember the “early days” back in 2017? Remember what weed stocks were going for? When those companies went public, the early investors made a -killing-.
Guess who those early investors were, bro. Hooked-up political guys, a former head of the #OPP. (That one always made me laugh.) You better believe it. They made ALL the money and then got out, right at the beginning. Same with the windmills, same with the solar, same with the electric cars. Pump and dump, on a national scale.
And that is why Canada is broke. Because all the investment money went on scams, or left the country. Destroying Canada is like a side-effect which they don’t really care about.
Only the government could lose money selling drugs.
They’d much sooner give it away. (read: “safe” consumption sites)
LOL. So true
They managed to lose it with casinos as well.
This F’ing government can’t even deal pot correctly.
Today’s weed bears no resemblance to the weed of yesterday and any politician suggesting or advocating for the legalization is most likely a communist in sheep’s clothing and probably wants the end of Western civilization.
https://www.takimag.com/article/its-not-your-fathers-pot-anymore/
Weed has been ultra-powerful since the mid 90s, over 30 years.
Trust government to be able to screw up selling weed to stoners.
I remember one of the “reasons” for legalizing pot in Canada was that the revenue from the taxes would help pay down our debt. I laughed then and am REALLY pissed now.
Criminals Were More Efficient Than Government.
Thankfully our incredibly competent and productive government agencies comprised about 25% of job growth under the Biden/Harris regime.
Only an economic illiterate would believe that a highly regulated and taxed industry could compete with laissez-faire capitalism even with the built-in risk of futile law enf0rcement that has failed over the last century of prohibition. I haven’t toked up in over fifty years but I might consider a gummy or two if I were suffering from chronic pain. I’m not an advocate for recreational drug use. The biggest problem with drug legalization is the welfare / nanny state that absolves individuals of personal responsibility.
In Ontario, on the rez, you can get good bud for $200/lb.
That’s $12.50 an ounce.
That’s how much that crap is worth when even a hint of a free market opens up.
With a real fully open free market, it would probably drop to $10-$20/lb like tobacco.
Of course the Conservatives would rather keep it illegal, and highly lucrative, so they can whine about it funding terrorism, pay cops to harass kids, and so on.
In much the same way that guns don’t kill people, neither do drugs.
A big pile of cocaine never got up and killed someone.
The only salient difference between drugs and guns is that guns are used by people to kill other people, and druggies just get themselves killed. Why do Cons even GAF that some doper gets himself killed?
The fact that libs are angry the people can easily kill others and the cons get angry that people can easily get themselves killed speaks to the fact that the difference between the two is one of degree rather than kind.
Screeching do-gooder Karens making much ado about other people’s business on both sides.
Same thing with tabaccy.
Illegal Tobacco Eclipses Legal Sales in Canada, Fueling Organized Crime and Costing Millions in Tax Revenue
The gov’t hates it when they don’t get their mandated 700% cut of the action.
Screw them.
This lost revenue could have funded essential public services such as healthcare and education.
But would probably be pissed away on tampon machines in men’s bathrooms, free tranny operations for all illegal aliens, DEI, more woke shit, MotherCorpse & MSM, etc., etc., etc.
And the taxed got to keep their money.
I was hunting in the US a coupla years back with a guy from Edmonton who had invested I’m guessing close to a million in the ‘biz’. He worked me over pretty good to get on board. I passed. A few years laterI read the company he was involved in was in financial trouble and I’m not sure they’re is still around.
The local dealer (also a hunter ha) by contrast is still in business. In his youth he did time for possession/dealing. Sure he’s small time but I guess he still has a market. I’m not a client.
Government cannot even run a successfull drug dealership.