The Canadian dollar reached parity with US dollar last week, and Canadian exporters are crying the blues, claiming their sales to the US are suffering as a result. That includes exporters of illegal substances.
A stronger loonie has cut the profit of selling potent "B.C. Bud" marijuana in U.S. markets at a time when producers in Canada struggle with tighter border security and competition in the United States with pot from other sources.Top quality Canadian pot is selling for $3,500 a pound in the United States, compared with $2,400 in domestic markets, according to [Marc] Emery, who is also editor of Cannabis Culture magazine and fighting extradition to the United States.
"When you factor in all the risk and transportation, that [higher export price] is not a big deal anymore," said Emery, adding that when the Canadian dollar was weak exporters could double their money selling into the United States.
Canadian marijuana is also facing increasing competition from Mexican product, which has benefited from a weaker peso. A strong Canadian economy, leading to higher demand among oil workers, is at least partially offsetting falling sales to the United States, however.
Mr Emery has been fighting extradition for over two years. When are we going to be rid of this creep?
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