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B.C. pot prices hit by rising loonie
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| kotsy |
| quote: | Originally Posted @ http://ca.news.yahoo.com/s/27092007...ing-loonie.html
B.C. pot prices hit by rising loonie
Thu Sep 27, 1:55 PM
VANCOUVER (CBC) - The rising Canadian dollar is affecting different markets - not all of them legal.
At least one watcher of the underground economy says the price of B.C. marijuana has gone up in the United States, and that could mean plummeting demand from Americans in future.
Marc Emery, head of the B.C. Marijuana Party, said there are several factors behind the rising price of B.C.'s most infamous export, including tighter border security and the loonie's steady ascent over the past five years.
Pot selling for $2,200 a kilo in 2002 would have cost an American only $1,600 because of the differences in the dollar, he said.
"Now the marijuana is at $2,400 Cdn and now it costs $2,400 US to buy it," Emery said. "So for the Americans, Canadian marijuana has gone up by almost 50 per cent," he said.
The well-known marijuana activist is currently fighting an extradition order by the U.S. Drug Enforcement Agency for allegedly selling millions of dollars worth of marijuana seeds to Americans through his mail order business.
But in the town of Nelson, an area some would describe as the heartland of the province's marijuana industry, RCMP Const. Annie Linteau disagreed that B.C.'s underground marijuana export industry may be facing a downturn.
Linteau predicted there is so much money to be made selling pot to the United States that the change in the loonie's value will have little effect.
Zoe Anderson, a clerk at a Nelson store that sells pot pipes, agreed. But she said local consumers in the Southern Interior community wouldn't stand for a big price hike.
"People here are able to access their entertainment and/or medicine of choice at a consistent price," she said, making the point clear as she enjoyed a mid-day puff on some of that local produce.
The value of B.C.'s underground marijuana industry has never been accurately measured, but one study by the Fraser Institute in 2004 put the estimated 17,500 grow operations in the $7 billion range.
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| Cosmic Fur |
a) that, they SHOULD pay more for our weed - it's better than theirs anyway.
b) This just means that Canadians will have to pick up the slack from the dwindling American demand.  |
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| cenik |
| quote: | Originally posted by Cosmic Fur
a) that, they SHOULD pay more for our weed - it's better than theirs anyway.
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Definitely. |
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| emonster4life |
I'm with ya man!
By tod682 |
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| PartEgurl |
| Oooooohhhhh heaven forbid that pot smokers not be able to buy as much pot :conf: |
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| emonster4life |
By tod682 at 2007-09-29
Theres too much good Cali Bubble Gum available these days sorry. But I've had B.C. that was alright while in Canada. But we have better stuff now by far. |
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| Engine9 |
| quote: | Originally posted by kotsy
At least one watcher of the underground economy says the price of B.C. marijuana has gone up in the United States, and that could mean plummeting demand from Americans in future.
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haha bull , they are gone keep buying it
its like gasoline just cuz prices go up doesnt mean u are gone stop buying it |
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| emonster4life |
| yeah just not from Canada, think about it, people are gonna buy the best weed at the best price. the demand for B.C.s is definitely fading because theres better product in the states, but who the f *** cares unless your a farmer and its your cash crop. I mean seriously are all the Canadian weed smugglers gonna be ok? BOO HOO |
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| TheVrk |
| quote: | Originally posted by Cosmic Fur
a) that, they SHOULD pay more for our weed - it's better than theirs anyway.
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Not even comparable... |
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| emonster4life |
| lol why cause u got garbage last time your were in the states? pics or stfu |
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| chinamon |
| quote: | Originally posted by emonster4life
lol why cause u got garbage last time your were in the states? pics or stfu |
i dont think anything could be worse than the weed in mexico. |
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| Engine9 |
this is only a plus for us
as if demand falls in the states, means more of it stays in canada. So theres a surplus of the product and prices are going to fall. |
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