Cannabis black market takes $1.2M hit as NLC drug unit begins

gb123

Well-Known Member
:shock::idea::lol::weed:(:bongsmilie I guess they fail to realize
ITS ALL PART OF DOIN BUISS eh!??!


he Newfoundland and Labrador Liquor Corporation says the price of black market cannabis is going down, as its newly formed drug enforcement unit boasts seizures of dried cannabis, edibles, oils and weapons.

Three months ago, the NLC established a drug enforcement unit that has the authority to investigate, seize drugs and get search warrants.

"It is the only drug enforcement agency of any of the regulators across the country. So we're breaking new ground here," said Tom Osborne, minister responsible for the Crown corporation.

"What we've seen so far is the value of product in the illicit market has dropped from about $10 a gram to somewhere in the range of $6 a gram."

Those details were revealed during a news conference at the NLC head office in St. John's on Thursday, during which a cache of illegal cannabis products were put on display.


Cannabis has been seized in many different forms, including dried, canned and edibles. (Zach Goudie/CBC)
Over 240 pounds of dried cannabis and more than 4,500 packages of other products — ranging from edibles and seeds to oils — have been confiscated so far.

NLC executive and former Royal Newfoundland Constabulary officer Sean Ryan said $1.2 million in cannabis and extracts have been seized on four search warrants since June.

"We've got honey, we've even got something that resembles cat food which is canned cannabis … so it's here in pretty much every shape, form and variety," said Ryan, who is also a former Royal Newfoundland Constabulary officer

The success, Osborne said, could not be possible with the NLC partnerships with the RNC, RCMP and Canada Post.


NLC executive Sean Ryan says four recent drug busts have dented the black market. (Zach Goudie/CBC)
Black market still standing
Despite the large seizures, the black market is still very much alive. It's complicated and well run, Ryan said.

"It's been no secret — the retailers have demonstrated their concern and vocalized their concern about the black market. And we are listening and taking it seriously."

Some of the products the NLC has found on the illicit market are not yet for sale legally.

Once more cannabis products come on the market in December, Ryan said, the NLC will be looking to see if the black market will take a further dip.


The NLC says it has seized illegal drugs, cash and weapons since the formation of its drug enforcement unit, aimed at reducing the black market. (Zach Goudie/CBC)
Ryan and Osborne also took time Thursday while speaking to media to make a pitch to those who still buy on the black market.

"There is no quality assurance. Some reports find anything from fecal matter to fertilizers to pesticides," said Ryan, adding that people who buy from illegal dealers are also funding the existence of weapons.

Ryan said other drugs have been discovered during NLC searches, including two kilograms of cocaine that was seized recently.

"We're not going to make the illicit market disappear overnight. It didn't disappear overnight with alcohol and it's not with cannabis."

In the first nine months, there has been about $30 million in sales in the legal market.



8-) so they think.. and hope
 

AquaTerra

Well-Known Member
Better for BC so more weed can be sent there, its actually really dry here atm. California is sucking the supply dry, who would have through it would be going south again in BC.
 

The Hippy

Well-Known Member
They legalized cannabis so they could form this new "drug squad "
Yup really helped us out nice didn't ya trudy groper?
These things are legal as long as "they" get to sell them.
Sorry maggot hair liar but that plan doesn't work for me!
BOYCOTT orsuck his dick first hand while he slap's you. That's you if you buy legal.
 

The Hippy

Well-Known Member
With all their success at seizing all that product why is the price of BM pot falling? As supply is reduced the price usually goes up.

Smells like BS to me.

They still haven't made a dime off me and never will!

:peace:
They disgust me beyond words.
They come in and try to steal an industry and then create drug squads to capture those they make no money from.
Absolutely outrageous from my point of view.
 
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