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birdwatcherDeal Breaker -- The dissolution of the dollar’s value is destroying one of our Northern neighbors export markets—namely, the market in exporting marijuana to eager tokers the United States. The trade flourished for years as black marketeers pocketed the profit from arbitraging the dollar against loonie. Canadian marijuana production costs were paid in Canadian dollars, while profits were taken in dollars.
As the dollar has deteriorated against the loonie, the trade has dried up. Canadian production costs have held steady, while the buying power of the dollar has declined. And, lest you think we’re talking about a small thing, we remind you that the production and export of marijuana is a major contributor to the economy of British Columbia.
“The upshot is that the Canadian marijuana is now less competitive against marijuana grown elsewhere,” Stephen Easton, professor of economics at Simon Fraser University in Vancouver, B.C. has told the grand newspaper of Big Sky territory, the Missoulian. “This is a cost-driven business. With exports no longer viable, the British Columbia marijuana industry has certainly taken a hit, so to speak.”
http://www.missoulian.com/articles/2007/11/11/news/local/news02.txt
As the dollar has deteriorated against the loonie, the trade has dried up. Canadian production costs have held steady, while the buying power of the dollar has declined. And, lest you think we’re talking about a small thing, we remind you that the production and export of marijuana is a major contributor to the economy of British Columbia.
“The upshot is that the Canadian marijuana is now less competitive against marijuana grown elsewhere,” Stephen Easton, professor of economics at Simon Fraser University in Vancouver, B.C. has told the grand newspaper of Big Sky territory, the Missoulian. “This is a cost-driven business. With exports no longer viable, the British Columbia marijuana industry has certainly taken a hit, so to speak.”
http://www.missoulian.com/articles/2007/11/11/news/local/news02.txt
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Date: 2007-11-14 07:24 am (UTC)А когда ам. доллар стоил дороже, все было точно наоборот.