Looking At The Economic Impact Of Cannabis Legalization On The RMWB

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Looking At The Economic Impact Of Cannabis Legalization On The RMWB

Legalization should do positive things for the local economy.

That’s according to Economics instructor at Keyano College Sandra Efu, who feels the RMWB’s handle on cannabis legislation will help create a whole new economic sector.

66 per cent of residents feel the recreational drug will do good things economically – following public engagement by the municipality.

Efu tells Fort McMurray News despite this, it will be a while before we see an overall revenue stream generated from local cannabis sales.

“There is going to be a lot of debate. There are those who are for it and those who are against it. If we do our due diligence with comparing some of the benefits with the costs, then we are going to learn from the process and hopefully improve them as we go along.”

Efu feels the municipality has already done very well to align itself with Federal and provincial rules.

She says the local stance on cannabis legislation should help keep the market out of the hands of criminals.

“One thing you don’t want is black markets to remain or continue to pop up. So of course, with demand and supply, if it’s more expensive to purchase marijuana locally than people will go to other markets or from underground sellers.”

Cannabis legalization will come into effect on October 17.
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