Quote:
Originally Posted by dmacc
Yes and no, remember Pot will be legal soon. The taxation from that will bring in hundreds of millions. I think I saw an estimate around $200 million. Without any cuts, the province could lower its deficit to $300 million in the next budget. We could be just 3-4 years away from surplus. That would be huge for this province.
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That's ignoring the pending $1B in additional debt Hydro will bring when they realize no one wants to buy their power for anywhere near what they predicted, and the biggest deal they have lined up involves Hydro paying for another transmission line.
Quote:
Originally Posted by Roger Strong
So people will buy pot instead of alcohol. What you gain in pot taxes you lose in alcohol taxes.
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This is definitely not true. You think you can't smoke and drink?
Tons of people already do both. People (likely non-tokers) keep thinking that all of a sudden the whole country is going to become a bunch of stoners. Most people who don't currently smoke aren't going to start just because it's legal now – but many people will switch to the legal stuff not just so they can avoid dealers, but so they have way more selection and a great experience.
Plus, even better, a lot of the wasted resources in policing marijuana (and jail costs) before can be transferred to the rapidly growing meth and opioid epidemic – a real problem.