Aces High Bulletin Board
General Forums => The O' Club => Topic started by: boxboy28 on November 07, 2003, 02:34:58 PM
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Rense.com
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Marijuana 'Canada's Most
Valuable Agricultural Product'
By Duncan Campbell
The Guardian - UK
11-5-3
LOS ANGELES -- Investors who rely for advice on Forbes, the highly regarded American business magazine, will be tipped off this month about the industry that is now outpacing many others in North America: marijuana growing.
The magazine's cover story focuses on "the unstoppable economics of a booming business" and claims marijuana is now Canada's most valuable agricultural product, ahead of wheat, cattle and timber.
In the Canadian province of British Columbia, Forbes suggests, the industry is generating US$7bn (£4bn) annually, with signs of growing because of the changing legal climate. "Canadian dope, boosted by custom nutrients, high-intensity metal halide lights and 20 years of breeding, is five times as potent as what Americans smoked in the 1970s," it reports.
As a result, Canadian-grown marijuana is selling for as much as $2,700 a pound wholesale. By the time that pound has come down to Los Angeles, it is sold at around $6,000, says Forbes.
What makes the industry so powerful, suggests Forbes, is that the growers are "not a small coterie of drug lords who could be decimated with a few well-targeted prosecutions, but an army of ordinary folks".
Small growers look to bring in $900 a pound, with net profit margins ranging from 55% to 90%, reports the magazine, something that places marijuana alongside some of the dotcom enterprises in terms of return on investment percentages.
Marijuana is also a growth industry in terms of jobs, with people earning $15 an hour for trimming the dried flowers and consultants earning $40 an hour to help inexperienced growers get started.
The relaxation of the laws surrounding marijuana in Canada has led to increased confidence in the industry.
Canada, which has legalised cannabis for medical use, has authorised a company to grow marijuana for this purpose.
In the US, law enforcement against marijuana growers remains much stricter.
Guardian Unlimited © Guardian Newspapers Limited 2003
http://www.guardian.co.uk/international/story/0,3604,1077190,00.html
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You should have seen the price of a good bottle of whiskey during prohibition.
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If the Canadians could make some decent snack foods they would own us.
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Strange how the war on drugs drove the price of pot up, but coke went from 100 dollars a gram to 25.
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Originally posted by ra
If the Canadians could make some decent snack foods they would own us.
lol
:D
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Originally posted by Sixpence
Strange how the war on drugs drove the price of pot up, but coke went from 100 dollars a gram to 25.
Dats cause the goverment guys like the coke and hate the hippy high ons:rofl
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hahah a6 K a pound in LA..BS!!!!
maybe 5k at the most...
keep it illegal..i like hi prices:D
Love BiGB
xoxo
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$2,700 a pound wholesale
Sigh..... gone are the days of the $100 / pound bag and the 4 finger lid.
Dam I'm old.
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Canadians are pretty cunning- first they'll get us hooked on pot and then they'll get us hooked on the REALLY bad stuff- Fiddle Faddle and Ho Hos. Soon we'll all be speaking French.
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Originally posted by ra
If the Canadians could make some decent snack foods they would own us.
lol
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Originally posted by ra
If the Canadians could make some decent snack foods they would own us.
Sharalee and Hostess lobby has the congress locked up and won't allow re-imported-Hash-Brownies.
Cut them in on the action... it could happen...
Hash-Twinkies, little Hash-debbies, Hash-Dongs...
Yah... I can see it.
Perhaps even sell them as anti-Columbine foods...
Whens the last time someone high on canabis shot up a school?
never... there's money to be had!
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Originally posted by Airhead
Canadians are pretty cunning- first they'll get us hooked on pot and then they'll get us hooked on the REALLY bad stuff- Fiddle Faddle and Ho Hos. Soon we'll all be speaking French.
Poutine.
Tres bien.
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Stop that right now or I'll beat it out of you.
(http://image1ex.villagephotos.com/extern/640697.jpg)
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im not suprised in the least...
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Originally posted by Swoop
Stop that right now or I'll beat it out of you.
(http://image1ex.villagephotos.com/extern/640697.jpg)
lol..
You are the one in the Canadian squad now dude...technically all your posts should be in English AND French. It a rule there ya know. ;)
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The correct term is frenglais. You can skip around having to speak both official languages by mixing them together and not really speaking either one well, like our prime minister does.:)
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Sacrement. Ca c'est super cool!