Cannabis Economy: The Rise of a Billion Dollar Industry in Canada

Canada has recently legalized the use of marijuana including marijuana seeds, concentrates, edibles, oils, and medical cannabis. People who love marijuana for recreation can purchase and consume their marijuana here while people who need medical strains are also getting these from dispensaries in the country.

Canada cannabis seeds for sale are available all year round making this a really promising industry in the market.  At the moment it this is valued to up to a billion dollars. Experts say that the measure of a real gross domestic product after the legalization of marijuana could provide as much as $8 billion to the country’s economy.

It is also said that Statistics Canada will start including “licensed and unlicensed cannabis activity” in its calculations after the Oct. 17 start of legalized marijuana use. It is predicted that this will have an impact on measured growth rates in the final quarter of the year as well as the first quarter of 2019. It was also reported that the increase to growth is actually a mistake since there was already cannabis-related trade that existed in the economy however, this was captured in most measures of output.

Banks have raised its fourth-quarter growth forecast to 2.9 per cent, from the previous 2 per cent to add the “level lift” from the inclusion of the cannabis data. This was from a report by authors including Chief Economist Beata Caranci. A smaller increase would follow in the next quarter of the year. The technical changes, from the end of the year, would increase the annual growth figures for 2019 which increased its forecast for the year to 2.2 per cent, from 2 per cent previously.

The illegal production and consumption of recreational cannabis were worth about $3.3 billion in 2016, according to a Statistics Canada analysis of the underground economy. The agency has not included illegal drugs and prostitution in its list of the underground economy, but it has included more cannabis-related data ahead of October 17.

Statistics Canada also estimated underground economic activity totaling $51.6 billion or 2.5 per cent of Canadian gross domestic product in 2016. The agency also said that the underground economy increased by 3.5 per cent from 2015 to 2016 and this value bested the 2.0 per cent growth in the total economy. Despite removing price changes, the underground economy increased by 1.8 per cent and the total economy also increased by 1.4 per cent.

Statistics Canada also noted the underground economy as a part of the GDP and has been relatively stable. This has reached a high of 2.7 per cent in 1994 and a low of 2.2 per cent in 2000. Three industries were responsible for more than the underground economy in 2016: residential construction (26.6 per cent), retail trade (13.5 per cent) and accommodation and food services (12.1 per cent).

Reasons why Canada cannabis seeds for sale will remain as a steadfast contributor to the economy

The use of marijuana in most places and even developed places around the world has remained illegal. There are states in the US that have regulated the use of cannabis but still, it is not easy to purchase cannabis seeds as well as weed and other weed smoking equipment.

But in Canada, it’s a different story. All the provinces in the country enjoy the legalized use, consumption, growing and selling of cannabis. Therefore people from around the world will likely go and visit Canada to try out some good weed. Aside from this, cannabis users will be more likely to come and purchase high-quality materials, headgear and smoking equipment. And because of the many stores and shops that sell top quality products, the prices of this equipment may be cheaper than buying these online.

Aside from being a place where to order cannabis seeds, this also is can buy actual cannabis products. From dried buds, concentrates, oils, edibles and other forms of cannabis. There is no stopping the growth of this industry now that more and more users from all around the world and from all walks of life are now embracing the use of cannabis.

Medical cannabis uses

Medical cannabis will contribute to a large percentage of the economy. This is because of its number of amazing uses. You can use medical cannabis for pain, for chronic diseases, for the relief of stress, anxiety, and repression, for nausea and lack of appetite and for insomnia and depression.

Medical cannabis companies are now offering more choices when it comes to therapeutic strains which will be able to help with the following:

Cannabis for pain relief

Potent cannabis strains, even those with very high THC levels are known to be tough pain relievers. These strains can kick in fast and you will feel an enveloping analgesic effect which can reduce almost all kinds of pain. Cannabis also has calming effects which can reduce pain from injuries and many other health problems. And although almost all potent strains can knock out pain, these strains vary in intensity and duration. Some offer long-lasting pain relief than others and these should be your choice for severe pain.

Marijuana to prevent chronic diseases

One of the health benefits of eating cannabis edibles is that it gives off cannabinoid acids that helps the cells work together with other cells of the body. These can prevent a variety of chronic diseases. This type of acid can also help deal with a migraine and irritable bowel syndrome. The active chemical in cannabis can also slow the formation of amyloid plaques by blocking the enzyme in the brain that kills brain cells which cause Alzheimer’s.

Marijuana with Omega 3 & 6 Fatty Acids

Cannabis is not just about containing potent cannabinoids. It also contains nutrients that can improve overall health and contribute to proper development. Cannabis has high omega 3 & 6 fatty acids and these can promote a number of body functions. These also contribute to brain health and prevent different forms of neurogenerative diseases which are common in the elderly.

Cannabis that can improve digestive health

Consuming cannabis on a regular basis will greatly improve digestive system health. Cannabis can reduce inflammatory bowel diseases with ulcerative colitis as the most common. THC and cannabidiol found in marijuana can promote healthy gut function and immune responses. You should expect a regular bowel movement when you consume cannabis daily.

Cannabis with antioxidant properties

Cannabis has natural antioxidants which are able to protect the body against diseases. It comes with antioxidants which can stop cell damage and protect the body from different kinds of illnesses and physical conditions. The antioxidant found in cannabis can reduce the effects of free radicals which can damage the body cells and lead to the development of chronic illnesses.

Marijuana strains to improve eyes health

Medical marijuana can prevent eye diseases such as glaucoma and blindness. There are studies which show that cannabis can decrease the risk of suffering from these conditions. The cannabinoids in weed can decrease the pressure inside the eyes and this can help reduce glaucoma symptoms and prevent blindness in the long run.

Marijuana for epileptic seizures

Medical cannabis has been used to treat children for seizures. Cannabis comes with tetra hydro cannabinol (also known as THC) that that can reduce seizure activity in the brain. It can also relax the body; relieve stress which can help prevent seizures. Medical cannabis was also studied as an effective treatment for a severe type of seizure disorder known as Dravet’s Syndrome.

Marijuana for improved sleep quality

Medical cannabis is also effective in the treatment of insomnia and sleeplessness because sleepiness is one of its common side effects. Cannabis can help you relax and enhance sleep and was even seen as a way to prevent nightmares or bad dreams

Cannabis strains to help with chemotherapy side effects

Whether you are an adult or a child that’s undergoing chemotherapy, you can consume marijuana to prevent its side effects. People who undergo cancer treatment can suffer from nausea, vomiting, and loss of appetite. Medical cannabis can help relieve these and also improve mood, reduce stress and anxiety which goes with most medical treatments.

Marijuana strains for the relief of stress and anxiety

Cannabis can help improve your mood and reduce anxiety. It also acts as a sedative in low doses. Regular use will let you manage mood swings and depression. You will be able to sleep better and have an improved appetite when you use medical cannabis on a regular basis.

Marijuana strains to kill cancer cells

There are researches that reveal the promising effects of medical cannabis against cancer. Medical cannabis has anti-tumoral effects. Cannabidiol and marijuana’s antioxidant properties help make it effective for a number of cancers. There are also reports that medical cannabis can stop the spread of cancerous cells in the body, therefore, consuming cannabis products like oils, dried weed, and even edibles on a regular basis might save you from cancer.

Without a doubt, Canada cannabis seeds for sale will be more in demand in the near future and this will even contribute more to the economy and the industry.

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