U.S. Housing Crash Lures Marijuana Growers From Canada

According to a new internal report from the Royal Canadian Mounted Police obtained by The Vancouver Sun, cannabis growers are moving their operations south of the Canadian border to take advantage of the suppressed housing market in the United States.

The report says that growers from Vietnamese Organized Crime outfits are moving from Canada to regions of the U.S. where housing prices have fallen, to increase profits margins. Since 2007, housing prices in the U.S. have dropped by roughly a third. Some markets have been harder, like Las Vegas, which has seen a 50% reduction in prices.

In contrast, Canadian housing prices has remained the same or have gone up in most markets, with a noticeable spike in prices in Vancouver.

The report also speculates that a “softening of marijuana laws” in the U.S. also contributes to the grower migration, but the only laws that are “softened” are for medical marijuana growers, and even in that case the federal government still targets legal medical cannabis growers. No where in the U.S. have laws “softened” for illegal marijuana growers, where even our most liberal cannabis state – California – recently rejected a bill to reduce cultivation penalties.

Others in law enforcement think the shift has more to do with growers wanting to be in the same country as their customers to avoid border-crossing. No matter what the reason, marijuana legalization in the U.S. would slash prices, eliminating organized crime influence in cannabis and leave growing to legal, regulated cultivators and those who grow for their own use.

via : 420 times

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