Bring on pot perestroika—and improve Canadian governments’ fiscal capacity to respond to COVID-19

Every day, there’s more awful economic news related to the novel coronavirus.

Concerts are being cancelled. Professional sports leagues are on hiatus. Airlines are warning of staff layoffs. Restaurant managers are seeing more empty tables than ever before.

Cultural industries and tourism have been hobbled. Universities have become ghost towns.

We’ll soon see the impact on transportation authorities as they experience lower revenue from fares and gas taxes.

This economic contraction will likely leave federal and provincial governments awash in red ink. It could jeopardize major infrastructure projects, like planned rapid transit lines.

So why not look at cannabis as a way to address this malaise? Far more weed freedom could bring oodles more money into government treasuries.

by: Charlie Smith – The Georgia Straight
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