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CAN (ON): Toronto city councilor wants cannabis fund answers

Canada is still the only G-7 nation on earth to pass a national adult-use cannabis legalization measure involving cannabis products that are not low in THC. In fact, the only other nation to pass a similar measure is Uruguay, and yet, only residents of Uruguay can make legal purchases from licensed outlets. In Canada, anyone of legal age is permitted to make purchases.

Malta and Luxembourg have also passed national adult-use measures, however, neither country’s legalization model permits retail sales, and in the case of Luxembourg, essentially, the only way for adults to legally obtain cannabis for adult use is by cultivating it. Malta permits noncommercial cannabis clubs in addition to permitting personal cultivation.

Arguably, the biggest selling point for adult-use legalization, for better or worse, is money. Both how much money is saved by no longer enforcing failed public policy, as well as the amount of money that can be generated by fees and taxes. Those two areas typically poll the best with voters.

The latter of the two is the focus of a recent inquiry by a member of Toronto’s City Council. Toronto, which is Canada’s largest city, was expected to receive a considerable amount of revenue via a public cannabis fund.

Read more at internationalcbc.com

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