Friday, September 28, 2007
B.C. BUD: THE ECONOMIC PLIGHT
Read with caution:
VANCOUVER, British Columbia (Reuters) - The strong Canadian dollar has hit the illegal marijuana sector just as it has other industries that export to the United States, one of Canada's best known legalization advocates said on Thursday.
The Canadian dollar touched parity with the U.S. dollar last week, topping a rise of some 60 percent over the past five years. On Thursday, it was still hovering around par, at C$1.0014 to the U.S. dollar or 99.86 U.S. cents.
A stronger loonie -- so called for the bird engraved on the one dollar coin -- 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.
The moral of this news item?
In macroeconomic terms the stronger Canadian dollar has many consequences. It is important to examine the plight of the overlooked victims of the mighty greenback's downfall. Let's all take a moment to reflect upon:
A.) Canadian hookers who can no longer offer discounted blow jobs.
B.) B.C. Bud Farmers who can no longer offer a bargain high.
C.) My relatives in Alberta who can no longer ironically enjoy the Loonie's underdog status.
I shed a tear for all of you...