Pot legal - sky not falling

[Curious Cdn]

Ontario Cannabis Store Set To Lose $25 Million This Year Amid ‘Federal Mismanagement’
Ontario's provincially-run cannabis distributor is set to lose $25 million in the current fiscal year, according to projections in the 2019 budget released by Queen's Park on Thursday.
The losses are the result of its initial investment in developing a wholesale distribution network, combined with the fact that OCS has sold relatively little product so far — which the provincial Progressive Conservative government blames on the federal Liberals.
The OCS is facing "a national cannabis supply shortage brought on by the federal government's mismanagement," the budget document says.
"By choosing to throw open the doors to cannabis legalization without first taking into account the reliability and sustainability of the national cannabis supply, the federal government is failing to curb the growth of the illegal cannabis market while also creating widespread business uncertainty for the people and businesses seeking to make a living in this new industry." The budget document predicts the OCS will turn profitable next year, earning a net income of $10 million. It sees profits rising to $40 million annually by the 2021-22 fiscal year.
The OCS sells cannabis to retail customers through its website, and is also the provincially-run wholesaler to the network of private retailers currently being rolled out across the province.
Earlier on HuffPost Canada:
The previous provincial Liberal government had intended the OCS to be the monopoly, government-run cannabis retailer, but Premier Doug Ford's government overhauled the system last fall, issuing licences for 25 retailers through a lottery.
Though the rules allow private retailers to operate as of April 1 of this year, only a handful of locations have opened so far.
The government says the cap of 25 retailers is temporary, and it "remains committed to moving towards an open allocation of licences, where the number of stores is limited only by market demand."
"We have taken the responsible approach, opening only as many stores as we have product for," Finance Minister Vic Fedeli told the media Thursday.
Data from Statistics Canada indicates that the vast majority of cannabis being bought in Canada continues to be sold through illicit channels. The agency also found that legal cannabis costs considerably more than illegal options — about 57 per cent more, nationally.
https://www.huffingtonpost.ca/2019/...5-mln-loss_a_23710434/?utm_hp_ref=ca-homepage

Now that's hilarious. Governments can't even push dope without losing money!



You would think that they'd be good at prostitution, though.

 

[taxslave]

Nevada govenmint proved a bunch of years back that government can't even organize a fukk in a whorehouse without going broke.

 

[JLM]

Ontario Cannabis Store Set To Lose $25 Million This Year Amid ‘Federal Mismanagement’


Ontario's provincially-run cannabis distributor is set to lose $25 million in the current fiscal year, according to projections in the 2019 budget released by Queen's Park on Thursday.

The losses are the result of its initial investment in developing a wholesale distribution network, combined with the fact that OCS has sold relatively little product so far — which the provincial Progressive Conservative government blames on the federal Liberals.

The OCS is facing "a national cannabis supply shortage brought on by the federal government's mismanagement," the budget document says.

"By choosing to throw open the doors to cannabis legalization without first taking into account the reliability and sustainability of the national cannabis supply, the federal government is failing to curb the growth of the illegal cannabis market while also creating widespread business uncertainty for the people and businesses seeking to make a living in this new industry." The budget document predicts the OCS will turn profitable next year, earning a net income of $10 million. It sees profits rising to $40 million annually by the 2021-22 fiscal year.

The OCS sells cannabis to retail customers through its website, and is also the provincially-run wholesaler to the network of private retailers currently being rolled out across the province.

Earlier on HuffPost Canada:

The previous provincial Liberal government had intended the OCS to be the monopoly, government-run cannabis retailer, but Premier Doug Ford's government overhauled the system last fall, issuing licences for 25 retailers through a lottery.

Though the rules allow private retailers to operate as of April 1 of this year, only a handful of locations have opened so far.

The government says the cap of 25 retailers is temporary, and it "remains committed to moving towards an open allocation of licences, where the number of stores is limited only by market demand."

"We have taken the responsible approach, opening only as many stores as we have product for," Finance Minister Vic Fedeli told the media Thursday.

Data from Statistics Canada indicates that the vast majority of cannabis being bought in Canada continues to be sold through illicit channels. The agency also found that legal cannabis costs considerably more than illegal options — about 57 per cent more, nationally.

https://www.huffingtonpost.ca/2019/...5-mln-loss_a_23710434/?utm_hp_ref=ca-homepage

I think at the time Justin announced the proposed charade, most of us didn't think it was going to go as expeditiously as he promised. Maybe the planning process should have been extended by about 3 years!

 

[pgs]

I think at the time Justin announced the proposed charade, most of us didn't think it was going to go as expeditiously as he promised. Maybe the planning process should have been extended by about 3 years!

Other then the supply issues you see above , have you noticed or heard of any negative news surrounding the legalization? I understand you were against it , but has anything happened since legalization that affects you ?

 

[Curious Cdn]

Other then the supply issues you see above , have you noticed or heard of any negative news surrounding the legalization? I understand you were against it , but has anything happened since legalization that affects you ?

Oh, so THAT'S your problem.

You have organic brain damage.

 

[JLM]

Other then the supply issues you see above , have you noticed or heard of any negative news surrounding the legalization? I understand you were against it , but has anything happened since legalization that affects you ?

I was never against it, just for taking the time to do it properly. Done correctly it should reduce crime and reduce the amount of police time tending to petty matters.

 

[pgs]

I was never against it, just for taking the time to do it properly. Done correctly it should reduce crime and reduce the amount of police time tending to petty matters.

Of course , I was wondering if you had heard of any driving or other accidents contributed to marijuana usage ? Since legalization I have not heard of one marijuana related accident or arrest/fine .

 

[JLM]

Of course , I was wondering if you had heard of any driving or other accidents contributed to marijuana usage ? Since legalization I have not heard of one marijuana related accident or arrest/fine .

That was probably my biggest concern, but I guess the tests are still in their infancy.

 

[petros]

Tests? Test can't determine if impaired. Are they picking a threshold number out of a hat?

 

[JLM]

Tests? Test can't determine if impaired. Are they picking a threshold number out of a hat?

Well, I guess it would take a little experimenting with test subjects until impairment by THC equals the level of impairment with 0.08 or 0.05 blood alcohol content. Would that work, Pete?

 

[Curious Cdn]

Of course , I was wondering if you had heard of any driving or other accidents contributed to marijuana usage ? Since legalization I have not heard of one marijuana related accident or arrest/fine .

It certainly explains why you're so addle-brained.

 

[taxslave]

Of course , I was wondering if you had heard of any driving or other accidents contributed to marijuana usage ? Since legalization I have not heard of one marijuana related accident or arrest/fine .

Not a one. They are all so stoned on that high quality government issue pot they can't leave the couch. snicker.