“The bill’s backers framed it as an effort to reduce adolescent drug use and take profits out of the black market. “Criminal prohibition has failed to protect our kids and our communities,” said Bill Blair, parliamentary secretary to the Minister of Justice and a former Toronto police chief and one of the architects of the law, at a press conference. The new bill will “make Canada safer,” he added.
“Police forces spend between two and three billion dollars every year trying to deal with cannabis, yet Canadian teens are among the heaviest users in the Western world,” said Minister of Public Safety Ralph Goodell. “Criminals pocket 7 to 8 billion dollars in proceeds.””
I doubt that teen pot use will decline, but it will take money from criminal drug dealers and funnel it into legal, taxable businesses. It will be a financial success for Canada.