Crony Capitalism In The Provinces

Article by Caleb McMillan, Cannabis Life Network


Why are medical-only licensed producers making deals with provincial governments for recreational sales?

Why is this going on while BC Bud is waiting for the federal government to finally get around to licensing “micro” cultivators and processors?

Already approved by Health Canada, the LPs came into existence as a result of government policy in 2012. Restricted from advertising, promoting, and selling recreationally, these LPs are supposed to be brandless entities whose only staying power is the ability to trade stocks.

But there is crony-capitalism in the provinces. Using the LPs to supply to government retailers is only going to drive connoisseurs underground. 

That Ontario and Quebec expect to lose money on legalization would be funny if it wasn’t so sad. Taxpayers’ money wasted. So much for “the children” when you squander their future with deficits and unfunded liabilities.

How does one lose money selling cannabis? Easy: get into government. Losing money on legalization goes to show the backward nature of bureaucracy. 

Bureaus receive money first and provide services later. This is completely unlike private enterprise. Also unlike private enterprise, consumers don’t have competitors to patronize. In government, consumers are “citizens” and have little choice but to vote indirectly for the issues. 

Read the full article here.

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