Canada is now looking forwards to the cannabis culture where recreational marijuana becomes fully legalized. The legalization of medical marijuana in Canada presents a lifetime of lucrative opportunities for the entrepreneurs. While the patients greatly benefit from the pass of the bill, as they can now legally purchase weeds from dispensaries, it has also opened new doors for entrepreneurs.
According to Deloitte, the research firm, the marijuana industry is worth $23 billon and this includes retail sales, security, transportation, taxes, edibles, and tourism. The entrepreneurs benefit not only from selling and exporting cannabis and its derivatives, but also the technology used in cultivating it. This could put the nation at the forefront of a flourishing global business.
The sale of weed already rakes in billions of dollars and the industry also creates thousands of jobs for the Canadians. The legalization of use of medical marijuana will hopefully eliminate the black market consisting of criminal organizations and illegal rackets. The cannabis culture in Canada will see a takeover by cooperate with people having degrees, expensive suits and corner offices.
The country is faced with the biggest challenge of turning a huge multi-million business that mostly operated outside law into a legal enterprise. The biggest and most daunting task for the Canadian entrepreneurs will be to clean the cannabis culture and draw people to authorized and legalized vendors.
Initially, only states in eastern Canada had dispensaries but now you can find government-owned stores in almost every state in the country. Ontario alone has over 150 stand-alone dispensaries where people can walk in with a prescription and buy medical marijuana. The minimum age for the patients to buy medical marijuana is 18 years.
Upcoming companies like Aurora are made up of people from business backgrounds and also those who have experience of the country’s cannabis culture. These people have in-depth knowledge and passion for cannabis. The company owns a 5,000-square-metre facility in the village of Cremona where it grows marijuana. Aurora not only sells cannabis locally but also supplies medical marijuana to the German and Australian market.
As one of the first major industrialized nation to legalize the sale of medical and recreational marijuana, Canada is no doubt a leader in this industry. The biggest USP of Canada is that unlike Germany, it not only sells medical marijuana in dispensaries but also domestically produces them.
The focus of cannabis culture in Canada has recently shifted from traditional dispensaries to the online weed stores. There are many things that work in the favor of these online dispensaries. Unlike a brick and mortar establishment, online dispensaries can be accessed anywhere, anytime, from the comfort of home. Patients who find it difficult to move out of house due to a medical condition can order strains online. The patients or their caregivers can browse through the list of strains available, read their details and then order online.
The package is delivered discreetly so that no one knows what’s inside the parcel. This saves you from being seen, as you would when you visit a Cannabis store, and thus keep your medical condition private, unless you want to discuss it with someone.
Thus, the cannabis culture in Canada is moving towards a future where both medical and recreational use of marijuana will be considered legal. This will offer more opportunities for entrepreneurs create more jobs and make way for a healthier future.