J
JackTheGrower
Marijuana legalization in California could hurt Canada's economy, experts say
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looming referendum in California on whether to legalize marijuana has fuelled a debate among bloggers and pundits over this question: Could legalization in the United States cripple the Canadian economy?
In a column on the Guardian's website this week, B.C. writer Douglas Haddow writes that a move to legalization would be "devastating to the Canadian economy, halting the flow of billions of dollars from the U.S. into Canada."
B.C. marijuana activist Marc Emery -- the self-styled "Prince of Pot" who is awaiting sentencing in the U.S. for distributing cannabis seeds -- recently told a Vancouver indie website that "the homegrown market will evaporate."
Are they just blowing smoke? Not necessarily, some academics say.
Marijuana production generates at least $3 billion annually in B.C. alone -- due, in large part, to heavy demand from potheads south of the border, said Darryl Plecas, a criminology professor at Abbotsford's University of the Fraser Valley.
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