Canada legalized marijuana, but still less than half of sales are from legal sources
Canada legalized marijuana, but still less than half of sales are from legal sources
A year after Canada became the largest nation to approve legalized recreational marijuana use, and eight months into legal consumption, cannabis is a $2 billion-plus industry.
But despite the intent to stamp out marijuana’s traditional black market, illegal weed is cheaper and more widely available than its regulated counterpart. More than half of sales in Canada remain illicit.
Meanwhile, legal Canadian cannabis companies are listing themselves on American stock exchanges, while federally-banned U.S. businesses have started listing themselves in Canada.
Click the audio player above to hear the full story.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
