Business Chief US+CAN Magazine September 2017 | Page 27

PROFITS UP IN SMOKE more . To sell cannabis legally , these websites will need to be federally licensed , but would mean users can get the drug and any other equipment delivered directly to their door . This could also be a potential expansion route for already established websites that want to expand their offering .
At this stage , the legalisation bill doesn ’ t say how those involved in the cannabis industry will be taxed . It ’ s likely that in the early stage tax will be kept low in the hope that legal manufacturers will soon elbow out anyone still dealing the drug illegally . A balance needs to be found that allows Canada to benefit from a newlylegalised industry , while ensuring the retail price of cannabis isn ’ t pushed so high that people still look to acquire it cheaply and illegally .
There ’ s no doubt that this new legislation is going to benefit both new and existing businesses , but a lot of that rides on meeting demand when the new regulations come into effect .
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