Canindia News

Alarming jump in pot seizures at US border after cannabis legalization

It comes as no surprise to learn that marijuana seizures at the US border have climbed drastically in the year after Canada legalized recreational cannabis.

Figures provided by the US Customs and Border Protection (CBP) show American officers seized 2,214 kg of marijuana from travellers entering the U.S. between November 1, 2018 and October 31, 2019, up from just 1,259 kg over the same period a year earlier. That’s an increase in volume of about 75 per cent.

The upswing was less significant in terms of the number of individual seizures recorded: 3,917 in the year after legalization, compared to 3,139 incidents the year before.

But more concerning to Canadians and the many investors in the cannabis industry is a glut in over-supply of product on the street here.

In fact, oversupply is resulting in a major price drop in B.C and that could well be the case across the country in the coming months. This development might partly explain why pushers and individuals could be trying to sell in the US where prices are considerably higher, and demand is tighter. -CINEWS

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