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BC Bud Industry Worried about the Passage of Prop 19

BC Bud Industry Worried about the Passage of Prop 19

British Columbia’s economy is tied directly to the, currently, illegal cannabis black market. If BC cops were 100% successful in enforcing BC’s marijuana laws the province would sink into the worst depression in its history. California legalizing marijuana would have a similar effect on the BC pot industry. Lower demand in the US because of sufficient domestic supply will create a glut of pot domestically in BC. We may see prices here in BC drop as growers struggle to offload an abundance of pot that would normally be going south. Prices should drop however supply will also go down over time to compensate. California legalizing pot may do what the war on drugs has never been able to do – reduce cannabis cultivation. www.reeferlogic.com

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