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The Economics of Cannabis Regulation: Cost and Control Are CriticalThe Economics of Cannabis Regulation: Cost and Control Are Critical

Colin Mulvany 0 Comment

Legalizing cannabis can benefit all citizens. If these measures are implemented properly, everyone will benefit from reduced crime and stronger law enforcement. Legalizing this drug will help protect young people and may even reduce drug use. It is also a way to increase taxes for the state, instead of turning on the criminal gangs that currently control the illegal market.

The public is becoming increasingly aware of these benefits. In order to get these benefits, how cannabis is prepared and how the drug is paid for once it is legalized is very important. Setting a fair price level and cracking down on illegal activities will work together to achieve the right balance between reducing crime and avoiding the increase in cannabis consumption after legalization. To combat the black market, the price of legal cannabis should be kept low. For example, it can be set around or slightly below the current illegal price. This will turn current drug users away from their current vendors.

But if nothing else is done, it will not be enough to eradicate the black market. Retailers will lower their prices to attract more customers. They are successful because there is now a huge amount of illegal trade. There are different prices for cannabis products sold illegally, but the average price of high-quality cannabis is about $300 an ounce in London, according to the website priceofweed.com. According to data collected from the American market, this price is three times higher than the production cost.

Consumption management

The increased competition that the legal market will bring will lead to a significant increase in consumption – something that many policy makers do not want. Therefore, in addition to creating a legal market, a combination of policies is needed to control consumption, including prohibitions against illegal activities. This would allow the government to set retail prices, while keeping the legal cannabis price too high.

The idea is simple: if the cost of producing or distributing illegal cannabis increases, it is easier to drive criminals away from the sale of legal cannabis. My research shows that the tougher the penalties against illegal cannabis sellers, the more you can set the price of legal cannabis above the dealer price. We call this “displacement cost.” Other tools that the government can use to increase the price of marijuana are to discourage consumers from buying illegal cannabis by imposing fines or warning them about the dangers of consuming legal cannabis. not approved compared to the quality products and high-quality products released in the legal market.

Possible options

It is also important to encourage legal cannabis producers and sellers to direct their work in the legal sector. Therefore, in addition to investing in law enforcement to stop criminal activity, it is important that former cannabis users are offered a good way to work. Otherwise, they may resort to selling drugs or other substitutes. Drug dealers often live in these informal settlements and are forced into a vicious cycle of crime where low demand and job prospects motivate them to engage in illegal activities. That is why it is important to invest in these communities to support and train people who make money from drug trafficking.

The proceeds from the sale and taxation of legal cannabis will be distributed widely for these types of initiatives. In addition, the legalization of cannabis may allow the police to focus their efforts on other crimes, improving their effectiveness against class A drugs and non-drug crimes. This was seen in the Lambeth area of London after penalties were reduced in 2001 for those with small amounts of cannabis.

History also shows that prohibition increases violent crime. Famous criminals like Al Capone in Chicago in the 1920s took advantage of the imbalance between the demand and supply of alcohol by creating organized crime to supply and sell alcohol legally and -not supported by word of mouth.

In illegal markets, violence is often seen as the only way to resolve disputes and secure market power. Our findings are based on recent examples of cannabis legalization in Canada and Uruguay. The stated goal of both countries is to combat drug-related crime. It’s too early to assess the full impact of these policies, but data from Canada shows that illegal black-market transactions have declined as a result of legalization.

We also learned from what didn’t work well there: the lack of law contributed to the persistence of the illegal trade. Therefore, it is important to avoid making the same mistakes and propose more effective policies to move forward

Weed Withdrawal: More Than Half Of People Use Medical Cannabis For A Pain Withdrawal ExperienceWeed Withdrawal: More Than Half Of People Use Medical Cannabis For A Pain Withdrawal Experience

Colin Mulvany 0 Comment

Contrary to the exaggerated fears expressed in the past decades, many people today believe that cannabis is not harmful. Although weed is not necessarily more dangerous than some other drugs, it is not dangerous. In a study published on January 5, my colleagues and I found that 59% of people who used medicinal cannabis for chronic pain had chronic symptoms if they stopped smoking for hours or weeks.

Most US states have legalized cannabis for medical purposes and 15 have legalized it for recreational use. More people are using cannabis, especially older adults, and the perceived problems associated with weed use are on the decline. While many people report on the medicinal or recreational benefits of using cannabis, it is important that people also understand the potential risks of using cannabis.

What are the Cannabis Exemptions?

Cannabis withdrawal symptoms can include both physical and psychological experiences that occur when a person stops using the drug or does not use it for a period of time. When people use cannabis regularly – daily or almost daily – parts of the brain become addicted to cannabinoids, the psychoactive chemicals in cannabis. Cannabinoids are produced in the body, but at lower levels than those found in most cannabis products. In people who do not use weed for several hours or days, cannabinoid levels drop and experience withdrawal symptoms. These may include irritability, depression, decreased appetite, difficulty sleeping, urges or urges to use cannabis, irritability, anxiety, increased anger, headaches, tremors, nausea, fever, strange dreams, abdominal pain and sweating.

Cannabis withdrawal symptoms usually disappear within a week or two after stopping use, as the body improves its own cannabinoid production. Unlike withdrawal from some psychoactive substances – such as alcohol – withdrawal from cannabis is not life-threatening or dangerous. But it is. Cannabis withdrawal can also be negative and people may end up continuing to use cannabis – even if they want to reduce – just to avoid withdrawal.

How common are withdrawal symptoms?

To understand how common withdrawal symptoms are, over two years, my colleagues and I repeatedly surveyed 527 people who used herbal medicine to relieve chronic pain. We found that 59% of those who used medicinal cannabis for chronic pain experienced moderate to severe withdrawal symptoms. The most common symptoms are difficulty sleeping, irritability and anxiety. We also found that cannabis withdrawal symptoms are more severe in young people, people with mental health problems, people with a long history of cannabis use, and people who use cannabis frequently or frequently.

In addition, we found that smoking cigarettes – rather than eating them or putting them on the surface – was associated with stronger stress symptoms. Our team also studied how withdrawal symptoms changed over time. Most of them continued to have withdrawal symptoms every time they stopped drinking during the two years of the study, but about 10% – especially young people – got worse. at that time. As with most addictions, reducing the frequency or amount of cannabis can help reduce these symptoms.

Our study focused on people who used medicinal cannabis only for pain withdrawal. But in another recent meta-analysis that included both recreational and medical studies, researchers found that 47% of regular cannabis users quit.

Cannabis may not be the demonic drug from “Reefer Madness,” but neither is it a miracle plant with unlimited benefits and no downfalls. As the use of cannabis increases in the United States, it is important for people to understand that its regular use can reduce and be aware of these symptoms.

Legalizing Marijuana In Canada Is Educating The World About The Sale Of CannabisLegalizing Marijuana In Canada Is Educating The World About The Sale Of Cannabis

Colin Mulvany 0 Comment

In October 2018, Canada became the first G20 country to legalize the recreational use of cannabis. In the past three years, the province of Ontario – to name just one Canadian jurisdiction – has gone from a relatively unregulated market to a saturated market. The Cannabis Act (Bill C-45) provides laws and regulations regarding the production, distribution, sale and possession of cannabis.

However, there are significant differences in the business model of each region and territory – private, public or hybrid – as well as in the legal drinking age, purchase options and property limits. Was the delivery successful or a failure? Considering the transition from an illegal to a legal commercial market, our recent survey revealed consumer dissatisfaction in at least one area of the cannabis market. Our research examines consumer responses to cannabis businesses in the Ontario region.

Ontario Market

The two-year period following the passage of Bill C-45 was defined by the release of policies related to both cannabis consumers and emerging businesses. In 2017, Ontario’s Liberal government selected a fully public process in which the government-run Liquor Corporation of Ontario (LCBO) will build 150 brick-and-mortar cannabis stores.

After the 2018 regional elections that saw the Conservatives take power after 15 years of Liberal government, these political developments were abandoned in favor of two types of business: the public sector (only online) and the pseudo-private (only in -offline). On the first day of cannabis legalization, October 17, 2018, the only legal way to buy cannabis is Ontario’s online cannabis store. Then, in December 2018, the Conservative government announced that a private retail model would be implemented through a lottery system to grant licenses to physical stores, listing the number of licenses in only 25 counties across the country. region.

Although the federal and state governments have passed legislation allowing private cannabis shops to operate legally, Ontario municipalities can opt out of the law and not allow cannabis shops to operate within the boundaries. their country.

Customer feedback

In our study, we analyzed all tweets about the Ontario Cannabis Market on Twitter and found a lack of customer satisfaction during the first year of legalization.

Strict government policies and eligibility criteria for obtaining the license required to sell cannabis products have caused serious problems in the ordering, delivery and availability of products. The strict licensing process has resulted in an unsafe market, forcing Ontario’s Cannabis store website to overwork. The higher than expected, and the smaller number of physical stores, has created a big problem in online sales and delivery interruptions. The unprecedented demand for cannabis products has created new supply challenges. Twitter users pointed out that the restricted purchasing options (due to government policies) caused a shortage of stores, preventing consumers from buying the products they wanted. Additionally, Canada’s strict manufacturer licensing process, which requires multiple steps to ensure health and safety standards, has created significant barriers to entry for some potential manufacturers.

Because of these shortages, Ontario has limited the number of stores allowed to open. In addition, with 17.6 percent of all Ontario communities choosing not to open a physical store, many consumers have no choice but to purchase products online from the Ontario Cannabis Store or turn to the black market. These and other factors related to the government can be attributed to the change in regional policies, which resulted in the transition to the Conservative government.

Minimize the process

To combat these supply shortages, local governments have removed much of the red tape associated with licensing regulations for physical stores. Since then, Ontario’s cannabis market has seen significant expansion, growing from 25 locations in the first year of legalization to more than 1,000 locations to date. This increase is now raising serious concerns related to meat shops. With many cannabis retailers competing for market share, it is difficult for some of them to remain profitable. Since the legalization of recreational cannabis began, Canadian provinces and territories have introduced various regulatory measures to control the distribution and sale of recreational cannabis across the country.