Many observers are criticizing different aspects of new B.C. pot rules and the pace of change as the federal government moves in this direction.
But one aspect that is not well known is how much the change will add or subtract to the economy. Statistics Canada is as yet unable to quantify the impact and expects to have more information by 2019 but Deloitte in 2016 produced a report suggesting the industry could be worth between $5 billion and $9 billion in goods in services.
Of course, price and the willingness of consumers to switch to legal marijuana sources are key considerations.
But there must be something to be said about future job opportunities in sales, analysis, finance, licensing and security. In other words, the lure of working for a gang's dial-a-dope operation — and getting shot at — may be replaced by a good job with benefits.
A glance at the Liquor Distribution Branch, which has 4,000 full- and part-time workers, shows the potential, although the LDB will only provide a fraction of the jobs compared to private retailers, and the Liquor Control and Licensing Branch will be hiring inspectors as well as ensuring new entries into the market are operating above board.
Currently frowned upon, the pot industry, once legal, could provide an economic future for many.
