4 ms·

Summarizing the article; The stock bubble burst. The industry will continue to see retail growth as it carves into the black market. It is limited by fundamenta

by sunir 7y ago

Summarizing the article; The stock bubble burst. The industry will continue to see retail growth as it carves into the black market. It is limited by fundamental demand towards marijuana in the population which is ok but not as pervasive as alcohol and tobacco. I personally barely experience any impact of legal marijuana in my life besides smelling it on the street as it isn’t illegal any more. As the article states it isn’t like we became a nation of potheads. I only know 2 people amongst my friends who have made more than one purchase at a retailer. They don’t even use it recreationally when they are out with us because we are all old enough that we have to drive, work, parent, etc. My anecdote I think fits with the statistics and the economic availability the article lays out. ps Future US border guards reading this comment may rejoice at how boring Canada remains. :)

dpflan 7y ago
Good point, the irrational exuberance took over but was tamed by the rollout/circumstance? Hard to sell a product and grow when you actually are not allowed/physically able to.
K0SM0S 7y ago
> it isn’t like we became a nation of potheads Indeed, countries who legalized cannabis rather saw demand stay stable or even fall (hence why the UN has been advocating to end the "war on drugs" for about two decades now). In fact we have data on alcohol as well in the past century, and clearly prohibition was not correlated with less drinking, more like the opposite. There's a strong body of studies laying out reasons — the most striking to me being, "if someone indeed has a drug problem, who should take care of them: a cop or a doctor?", implying that people don't even talk to their doctors about illegal substances, for fear of legal consequences, which thus compounds the public health problem; not to mention that the black market is likely to encourage addiction, as well as supply "bad" products. There's really no argument for a legal solution to drugs, the only proven way to get a healthier population in that regard is from the health / medical angle. > we are all old enough that we have to drive, work, parent, etc. That's also part of it: legal things otherwise dangerous are introduced with care to the population (warnings, policies regarding the youth, etc). This is how, despite the incredible risks it poses, we are able to sell alcohol to the general population and yet contain the risks to a large measure, because we are educated about it and responsible, and we can talk, watch out for others, etc. Granted, it's still the first cause of death on Earth (about equal with tobacco), but it's still a victory given the dangerosity of the product (from a toxicological standpoint, it's the most lethal category, on par with cocaine). That being said, I hate it when people think it's OK to drink and drive or drink and parent if they remain below the legal maximum. Recreation means that, it's the opposite of "duty": one should not drink or smoke at all if they are expected to be responsible for others, especially children. Get that psychoactive substance (beer, wine, cannabis...) when you're really only responsible for yourself. The legal limit, again, in matters of health (here, your ability to be lucid and with good reflexes) is only indicative, a tolerance for those who didn't have enough time before taking the wheel — certainly not an invitation to drink up until that threshold like some badge of honor.

by sunir 7y ago

dpflan 7y ago

Good point, the irrational exuberance took over but was tamed by the rollout/circumstance? Hard to sell a product and grow when you actually are not allowed/physically able to.

K0SM0S 7y ago

> it isn’t like we became a nation of potheads Indeed, countries who legalized cannabis rather saw demand stay stable or even fall (hence why the UN has been advocating to end the "war on drugs" for about two decades now). In fact we have data on alcohol as well in the past century, and clearly prohibition was not correlated with less drinking, more like the opposite. There's a strong body of studies laying out reasons — the most striking to me being, "if someone indeed has a drug problem, who should take care of them: a cop or a doctor?", implying that people don't even talk to their doctors about illegal substances, for fear of legal consequences, which thus compounds the public health problem; not to mention that the black market is likely to encourage addiction, as well as supply "bad" products. There's really no argument for a legal solution to drugs, the only proven way to get a healthier population in that regard is from the health / medical angle. > we are all old enough that we have to drive, work, parent, etc. That's also part of it: legal things otherwise dangerous are introduced with care to the population (warnings, policies regarding the youth, etc). This is how, despite the incredible risks it poses, we are able to sell alcohol to the general population and yet contain the risks to a large measure, because we are educated about it and responsible, and we can talk, watch out for others, etc. Granted, it's still the first cause of death on Earth (about equal with tobacco), but it's still a victory given the dangerosity of the product (from a toxicological standpoint, it's the most lethal category, on par with cocaine). That being said, I hate it when people think it's OK to drink and drive or drink and parent if they remain below the legal maximum. Recreation means that, it's the opposite of "duty": one should not drink or smoke at all if they are expected to be responsible for others, especially children. Get that psychoactive substance (beer, wine, cannabis...) when you're really only responsible for yourself. The legal limit, again, in matters of health (here, your ability to be lucid and with good reflexes) is only indicative, a tolerance for those who didn't have enough time before taking the wheel — certainly not an invitation to drink up until that threshold like some badge of honor.