The federal Liberals’ campaign promise to legalize recreational pot will likely shake up the economics of both the black market and medical cannabis industries, say experts.

But B.C. marijuana advocacy lawyer Kirk Tousaw said the new government will first have to look to other jurisdictions if it wants to be successful at regulating recreational cannabis.

“We can learn from Washington (state) overregulation can be just as problematic as under-regulating an industry and maybe even more problematic,” he told Business in Vancouver October 20, the day after the Liberals won the majority of seats in the House of Commons.

Tousaw said Health Canada’s “serious error” in over-regulating has set up most medical marijuana producers to fail.

Barrister and Executive Director of the Beyond Prohibition Foundation

They’re not able to succeed because they’re competing against a well-entrenched and long-standing black market in cannabis that delivers high-quality products for a relatively low price, safely and effectively, quite frankly

Read Tyler Orton’s “Liberals’ legal pot promise will shake up black market, medical cannabis industry: experts”: https://www.biv.com/article/2015/10/liberals-legal-pot-promise-shake-black-market-medi/

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