Article by Emanuela Campanella, Global News
When it comes to buying pot in Canada, it is safe to say that it is readily available to the public. As experts explain, Canada’s black market is sophisticated and mature. So how will legalization affect it?
The video above explains in detail how the price of legal marijuana, the supply of it, taxes and the consumer experience are all major factors that will determine whether or not the government can successfully compete with the black market.
When it comes down to it, if the price of legal marijuana is too expensive, then experts predict that buyers will continue to get their pot from their trusted source at a cheaper price.
As well, experts predict that at first, just like Colorado, which legalized recreational pot in 2014, there won’t be enough supply to meet the demand.
Once there’s enough supply, then we can expect to see a downgrade of the black market. But Greg Engel, the CEO of Organigram, one of Canada’s biggest medical marijuana producers, says the black market is never going to go away completely.
“It’s taken now four plus years since that program launched. Some of the estimates I’ve heard or seen is that there are roughly somewhere between 10 and 15 per cent of the black market remaining,” Engel said.