CANADA: HELLS ANGELS SUE GOVERNMENT FOR $2 BILLION REVENUE LOSS OVER LEGALIZATION OF MARIJUANA

The Hells Angels chapter of the province of Quebec has filed a lawsuit against the attorney general of Quebec, seeking more than $2 billion in potential loss of revenue that legalization of marijuana will cost the biker organization.
The illegal production and consumption of non-medical cannabis was worth about $400 million last year in the province of Quebec alone, according to a Statistics Canada analysis of the underground economy.

“We estimate that Prime minister Justin Trudeau’s radical action of legalizing marijuana could cost my client’s organization a potential loss of $2 billion dollars in the next decade,” acknowledged Hells Angels’ lawyer, Brandon Tuggs.

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Budwick · 70-79, M

It's an interesting story.
But, if marijuana pricing in Canada is anything like the USA,
licensed product ends up far more expensive than home grown.
I bet the Hell's Angels will do fine.
And, given the current climate of soft on crime - they might win the lawsuit too!

hippyjoe1955 · 61-69, M

@Budwick After a huge rush to start legal grow ops a lot of companies are divesting of the operations. They are losing millions of dollars a year.

Budwick · 70-79, M

@hippyjoe1955 [quote]They are losing millions of dollars a year.
[/quote]

Cuz, no one is buying?

hippyjoe1955 · 61-69, M

@Budwick The market is not as lucrative as they initially thought. They put up huge production facilities and then when the sales didn't materialize....