Article by CBC News
Windsor business and health experts said they are prepared for the news that the federal government will announce legislation to legalize marijuana by Canada Day next year.
CBC News learned the government will announce the proposed legislation during the week of April 10, a change that when it comes could have significant impacts for Canada’s economy.
“Right now we’re supplying most of the medical market, which is about 400,000 strong in Canada and if it legalizes the recreational market is estimated to be about 5 million per year,” explained Chris Jones, who co-owns a chain of Shop 420 marijuana stores across southwestern Ontario.
Once pot is legalized it will most likely be sold in a “two-tiered” system similar to the LCBO, he said. The only problem will be finding enough suppliers to meet the needs of the market.
Amazing economic opportunity
Windsor-Essex Regional Chamber of Commerce CEO Matt Marchand, said the region is uniquely equipped to grow the plants.
“It’s a good opportunity for us to demonstrate, whether it’s medical marijuana or tomatoes or peppers, we’ve got the best agricultural growers in the world.”