Article by Toronto Sun
Prime Minister Justin Trudeau has a mandate to legalize pot. He ran on it in last year’s election.
But as Postmedia’s just completed, six-part series “O Cannabis” illustrates, it’s one thing to promise legalization, another to deliver it.
The biggest challenge facing the Liberals is how to regulate and tax the sale of marijuana — an estimated $7 billion-a-year underground business in Canada, that could increase to $10 billion to $20 billion with legalization.
The problem is that if the government makes legal pot too expensive, then the black market in it will continue to thrive.
That’s exactly what has happened with cigarettes — a legal product, which is nonetheless sold through an extensive black market across Canada — because of the huge price differential between legal and illegal cigarettes.