Canada was the first ever G20 Country to legalize the use of Cannabis for recreational purposes making the country a Cannabis Friendly State and terming it as the “Edible Canada”. Legalizing the Cannabis was impactful social experiment for the huge Country like Canada.
The projection and predictions were surpassed by a heavy margin, as the Canadians had spent more than Seven Billion Dollar on Cannabis products including Edible Canada Cannabis products. Adequate regulation of Cannabis Products had presented the best opportunity in terms of building a market that is highly sustainable in the Long Term.
To present the facts, market of Colorado has the worth of at least Dollar 170 Million including the Edible Canada and 13 percent of the people using it for recreational purposes. However, Edible market as a new concept has taken over the Smokable Cannabis and rate of Smokable Cannabis has fallen to more than 65% in 2021.
Other than the above presented facts, economic benefits of Marijuana had come from different industries such as Tourism, Real Estate and Tax. Apart from the Tax Revenue the legalization of Marijuana in the present Edible Canada has added many jobs in the National as well as Local Economy.
Other forms of magic mushroom chocolates including Edibles and Smokable Cannabis have the high potential in terms of the Economic and Public Health Impact. The countries where Marijuana is not legalized yet should think of regulating the use of Cannabis, making it safer for the Public to consume. The most important factor that every Government in the ruling position should not ignore is the positive impact on Economy in the free market like India and other United Kingdom. The Edible Canada has set an example Model, as to how the consumption of the Cannabis, be it in any form can increase the Happiness Index as well the Financial Position of the State.
Although, the consumption of Marijuana unlike in Edible Canada is not so acceptable by many countries such as India being one of major resistor to legalize the consumption of Cannabis based products.
The Policy makers of every country where the consumption of Cannabis is not legal even for recreational purposes should think of legalizing it in near future.
Apart from all the above arguments, a recent report published in The Print and Forbes has explained that, as to how the adequate consumption of Cannabis (ignoring the blatant use) has led to the development of Immunity in the Human Body from the Novel Covid – 19 that has shaken the world in terms of economical and every small factor for which the Humanity had not even thought of.
At the culmination, the countries like Canada, U.S.A. has seen a major change in the behavior of the public after the legalization of the Cannabis Products. The economy of said countries has proven to grow by 30 % percent post its legalization. The Government of Canada had taken the steps like publication of the Economic Account Framework with respect to the consumption, distribution and selling of the same.
