the most of the day, most recently in san diego names, i didn't face any challenges, i just came and they put it nicely peacefully. now i'm going, well, i'm fairly happy avoided. i'm so hit that for that. all right, let's look at the news for now. but be sure to follow archie on social media including ex, formerly known as twitter, if you aren't already, bye for now. the, the. 9 didn't even him dunbar foolish for that still and were so obviously being the ground, the fit for the flight. and that has to be an adequate to sell on the part of the status and most certainly stuff which is up to the

the global canvas market sizes valued at almost 400000000000 dollars and 2022. and it's expected to jump 20 percent by 2033 legalization. and the adoption for cannabis for disease treatment. furthermore, have cultivation by various countries due to low t h. the content is further increasing its adoption. and then when kelvin 19 hit, it created a perfect storm for the cannabis industry. as mental health issues increased, a study discovered that patients with mental health issues increase their usage of cannabis by 91 percent in 2020. i'm christy i and you're watching the cost of everything we're today. we're going to be taking a look at the controversy surrounding this valuable plan.

it has been a tough journey for this precious are in the 1800s. it was 1st span by napoleon after he was concerned by his troops smoking, hashish, and drinking cannabis bass beverages he and the drug and implemented punishment if people were caught using it. soon after brazil also prohibited cannabis for everyone, including slaves. and this was followed by many british colonies, written singapore, greece, jamaica, mexico, south africa, canada, us, and pretty much the entire world as each country followed suit. but now the world is reversing. is policy starting with the criminalizing cannabis and now slowly recognizing as medicinal properties. in many countries, cannabis is still illegal, but the criminal lies so possession carries and very little if any punishment. now medicinal cannabis has been legalized in various european nations, but it is only for certain indications. for example, in croatia,

the use of marijuana is legal among patients suffering from a's, cancer, multiple sclerosis and epilepsy, and australia. it can only be used for muscle spasms, e mail therapy, and epilepsy. mexico is rank 4th among the world's largest marijuana producing countries, and historically has been among the largest cannabis producers in the world. more than 10000000 people in mexico are estimated to use cannabis. a legal market could be worth more than $3000000000.00 a year, and at least $101000.00 heck, there's primarily in the northern states of sinaloa can fall off. and so nora are already used for legal production. this could be a huge engine for growth in the future. of dana, stan is the world's 3rd largest producer of marijuana, as the indigo plant is neat as to the region followed by morocco who is the world's

2nd largest producer. in the early 2, thousands 70 percent of his shish consumed in europe was produced in morocco. and while cannabis is illegal, production has started to become less from the lies as no other prop grow in the mountain this rift region. in addition, cannabis makes up a large source of the economy, which has led to a debate in favor of legalizing cannabis in morocco. and finally, the u. s. is the largest producer of marijuana in the world. 26 states in the us have legalized or the criminalize the drugs, but never the less the use fail and possession of marijuana is still illegal under federal law. and thus for business owners, this makes it extremely difficult to operate as they are denied basic banking services and even credit and loan expansions to expand their business. today,

marijuana or the so called incredible herb of wisdom is making its way all across asia. asian nations are now trying to change the narrative around this medicinal plant. in particular, they're focused on the hem strain, which is a strain of cannabis, a tivo, with low th, the content below point 3 percent. countries such as china, canada, france, she lives, south korea, eco dog corporation, the check republic and russia are some of the biggest producers. now. the global health industry is expected to reach $26600000000.00 by 2025, up from $4600000000.00 in 20. 20. china is a regional power house in the head market meeting, cultivation processing, manufacturing, and exporting india and south korea are also leading nations with malaysia buying for the 4th position. now according to the world intellectual property organization,

306 of the 606 patents on cannabis in the world are from chinese firm. some 190 companies are active in the production of industrial cannabis and more than 50 enterprises possess licenses in china for industrial cannabis planting in 2020, the cannabis has been to criminalize in thailand last year. and since then, more than 4000 businesses across the country, i've been selling cannabis and its derivatives. now there are restaurants, serving marijuana, infuse dishes laced peas and ice cream. ty law now allows all parts of the marijuana plant, including the flour in the seas to be consumed entirely. highlands economy depends heavily on tourism industry. so the country is planning to emerge. medical marijuana with its wellness industry to attract medical tourism. however, because of a sudden criminalization a huge market,

basically split it overnight. everyone was growing. everyone was selling severely depressing the price of weight in thailand. there is an absolute, lots of marijuana and a ton of a legal import. currently, many growers are growing strange from overseas, which need air conditioning and lighting rather than strains that work with the local climate. but the strains are preferred because they're seen as exotic and higher quality. with the cannabis market estimated to be a $100000000000.00 industry by 2026 regional businesses are preparing for demand from asia. in less than 2 decades. the industry has emerge from the shadows in asia, allowing users to have a safer and better experience with us in mind. let's bring in brad paolo's, a cannabis entrepreneur from canada. so bad, can you provide some insight into the estimated value,

our economic size of the cannabis trade globally, including both legal and alyssa markets. it's really difficult to nail down the size of the legal markets. right? because we don't have the normal ways of measuring it likely, you know, through the tax system or you've got kind of thing or even just knowing who the players are. so we can ask the more follow them if they're probably traded. we have none of that available to us in the legal side. so the best estimate for the north american designs of the north american candidates industry. both legal and illegal is something around $75.00 to a $100000000.00. so a $1000000000.00 per year. my estimate just kind of a strap lading that and looking at using some very, very rough estimates because like you said, we don't have the greatest data. but looking at countries where it's popular video,

legal, and then others where it's just not popular a my guess is somewhere between $500000000000.00 and $1.00 trillion dollars lead globally is a massive, massive industry. it's just huge. and who are the major producers of cannabis on a global scale, and what factors contribute to their dominance in the market? yeah, so an interestingly, you, in a larger players are actually canadian companies, which is not normally the case, right? media companies are usually the global leaders and they're not very, very things anyway. so, um, but because of the legalize ation of the candidates for medical purposes 2324 years ago here in canada. and then our government signaling that they were going to legalize it for recreational purposes. somewhere around the year 2015, what happened was, these companies sprung up in canada. that rate huge amounts of capital originally in the medical review, but, but with a view to ultimately moving into the,

the recreational revision where there's obviously a lot more customers. and so are couple of the larger players. can it be gross? for many years was the largest in the world. we've now been taken over by some measures by a couple of the american firms. another one called aurora canvas. now the canadian one. and then there's a couple of pretty big ones in the united states. truly sure lease across so these are pretty good sized players. and of course, having the ability to get going in north america where it's legal, it's giving them a bit of an advantage when it comes to expanding into internationally. so in places like germany or malta, our switzerland look to legalizing, they often look to these companies as um, you know, as a national players, of course they want to create a domestic industry in the long run. but um, it's convenient to use these companies and know what they're doing, at least that,

you know, in the very beginning. so that's in the video layers are. but the that said, canada is, is an industry does not dominated by large players, mostly because it gets illegality is dominated by smaller players. and one of the challenges and accurately determining the sense of the black market in marijuana and quantifying is economic impact. yeah, the challenge is the fact that it's illegal, so they don't have to report anything. so everything is by estimate, right? everything is by sort of taking known figures and many strata, lady them across some population is not going to go away because i think there's going to be places around the world we're candidates is a legal service for some time. so until then we're always going to be relying on these, these estimates of what the sizes, but of course it's kind of get easier as more and more places do legalize candidates than we have that feel to. yeah, that's the real numbers they have to, you know, collect sales taxes. it may have to report their income. so we, you know,

we get an idea of how the, the industry is overtime and whether or not our s, our estimates are going to be accurate. now how does the cost of cannabis differ between the legal and the black market and what are the factors driving these costs disparities? yeah, so there are certainly a great difference in cost in most places where the candidates is legal, saw in some way either medically, recreationally, they're still in the listed market. and in most cases, the listed market has quite a big price advantage. they the, where the event comes from is the fact that they don't have to collect taxes. they don't have to have inspections from the government. there's a whole bunch of like in canada, originally we've been thankfully, we've gotten rid of this rule, but you had to have a bank vault to put your cameras in for the 1st few years of our legal regime. these things cost like, you know, hundreds of thousands of dollars to build um,

just to store candidates in. so that created obviously a huge cost for some, some of these players. so that, you know, that's the reason why the deal is market is always going to have a price advantage, because there's always going to be things that legal players are forced to do by their government. and the, the, your players don't have to own other good example is testing. so now some rep, beautiful elicit market or, you know, legacy market players actually do tests or candidates. and what i'm talking about testing i'm, i don't mean propulsion. see, i mean actually for, for harmful substances. so for things like mall or mail you, um, and then pass the size heavy metals, all of those kind of things that we do not want to be bringing into our lives. all legal candidates has to be tested for those things, a story in canada and in the united states. it's not quite as stringent and it

actually depends on the state. but certainly here in canada, all canada is tested for a wide range of harmful chemicals. and so that's obviously another cost that they have to be jealous of. players don't have. how does the quality and safety of cannabis products differ between the legal and the black market? and what are the implications for consumers, health and wellbeing? there's definitely a difference in the safety of the product. so there's no question that validated. now i'm not saying that all elicit cannabis is dangerous, or has substances in it that we don't want to be ingesting. but certainly some of it does. and as you know, as i mentioned earlier, the, the legal candidates is all tested for these harmful products. here's a great example by the way of, you know, how you don't know whether you're doing, you can really cause damage. so there's a very, very commonly used pesticide, you use

a lot of tomatoes and it's one of these things where it's fine if you ingest it. if you eat it, you will not die in with these are not really any bad things that are gonna come from eating a tomato that you this skill has traces of this pesticide called my my, my glo, beauty and all i think is the name of it how. 6 using it up and smoking, it is very cancer carving and people were using this very, very common pesticide. i'm thinking, you know, they're good gardeners, they know what they're doing. all just drove. so michael, michael, you know on it because it worked great on my tomatoes and what they're doing actually is creating a toxic substance. so this is one of the things that, that the governments ask us to test for and make sure that it's not there. thank you so much, brad, but please stick around the rad. we'll stay with us after the break. and when we

come back, we will explore the global cannabis traits. and where is the listen drug market? the biggest, the lake by call, a magical place, has to go ice clean water is a dramatic geography. and of course, a unique echo system which is developed over the past 25 to 35000000 years. and of course, a place like this just seconds you come and experience at all for yourself. and one visions coming up on our team international today. and this is new and never done before with trigger the general escape. that means national governments come into the economy much vivian for that and then it goes. but because of the 22 and then i'll get it to us on the move

to stand my son. he died if the me not know a mess. would you say that and sick on the system as any thought on monday. even show that this is a full turn, just is 75. i mean, so that it presets your own fault. sure. and full of lam and i suppose i should are likely to get very loud as the sunday prep without necessarily assume this will be to pretty much the most important loans. also the the global trade and cannabis accounts for about 38 percent of the retail market for illicit drugs in the u. about one percent of european adults smoke it almost every day. and each year about $22000000.00 users of cannabis spend an estimated

$9000000000.00 euros on the drug making it be alyssa market for the largest of its kind in the u. the border of albania is the biggest route for cannabis trafficking in your albanians traffic canadas, 5 foot and know all the montana in this crossing is like the back of their hand, surviving 4 days in the forest. each year, greek police have confiscated several tons of lead. the smugglers risk their lives because one too low. we can only fetch them around 900 years, wholesale in albania, but it would be double that in italy or greece, where there is not as much land to grow it. and in the us, much of the cannabis distributed comes from mexico, annabel or south america. in 2023. the customs and border patrols these over 97000 pounds of marijuana. this is the most seized drug by weight. and this was followed

by method of kind of mean at 96000 pounds, cocaine at 33000 pounds, and fentanyl 819000 pounds. while this is still a lot of volume, it has significantly decreased from over 3000000 pounds in 2013 due to the ongoing legalization of marijuana at the state level. in the u. s. this has forced organized crime group in mexico to adapt and look for new markets instead of smuggling to california or arizona smugglers. now turn to texas as they have not legalized marijuana yet. over a $179000.00 pounds of marijuana was seized last year along the southern border of texas. as through texas, transport groups then have convenient pathways to all of the southern states. drive traffic in groups have also expanded into the rapidly growing synthetic drug market in order to recruit their loss is brought on by marijuana legalization. in asia, cannabis is still listed as

a category to narcotic in many countries and in taiwan vill was found guilty of possession, could face a maximum penalty of 3 years in prison. but this hasn't stopped smugglers from bringing it into the country. in march authorities carried out the largest ever marijuana boston taiwan confiscating more than $4000.00 plants with a market value of over $41000000.00. more and more taiwan is calling for a change in cannabis. the criminalization arguing that crime and negative impacts are actually the result of making it illegal in the 1st place. but taiwan is conservative. government still maintains a stance that claims cannabis can cause mental and physical health condition for this and more, let's bring in again. brad paolo's, cannabis entrepreneur. so brad, can you shed some light on the potential economic benefits that could result from the legalize ation of cannabis and the transition of the market from the black

markets to a legal regulated industry. so there are several benefits i need to legalize in canada as in any jurisdiction. so 1st of all, i think we should start from the acknowledging the fact that cabinets is a, as a class. and a drug is been used by humans for 10000 years. is not going anywhere and the governments around the world figured out back in the 1900s that when you make alcohol illegal, it doesn't get rid of it. people still use it, they find ways. so i think instead the government's are much smarter to legalize it and then catch it. so regulated, make sure it's safe. the taxes put it into places, stores where young people aren't allowed to go and buy it. and, you know, i think there's, there's several economics or a several societal benefits to legalize the drug that lots of people use any way.

but there's also a huge economic benefit to these governments. they collect good jillions of dollars in taxes. and so that money's loss to any government that's operating and reviewing work, and this is a legal is all going to be a little illegal players. and one of the dirty little secrets, you know, we say you can know that there were 2 reasons why we legalize canvas, right? one was to get rid of the organized crime element, right? to take the organized crime players out of the picture. and then the 2nd one was to keep it away from children for young people. but that's not the reason. the reason is the billions of taxes. so what are the key obstacles or challenges faced by countries in their efforts to eradicate or reduce the black market for marijuana? well, you're not going to do if you don't have a legal regime. so the 1st challenges legalize it, right? you have to have a legal regime for recreational purposes,

not just for medical. if you want to get rid of the list at market, otherwise they're going to stay in place because they're going to satisfy the demand that's there. as we talked about, i used to be satisfied by any legal source. so. so the 1st thing is that the next thing is when you legalize candidates, make sure you do it right through canada. we kind of got it wrong out of the gate, you know, in the very beginning and it was very slow. the take of legal candice. one of the problems was this just simply price to my way higher than where the legacy market was pricing. um, the other thing we had a problem with image of the actual problem. but i mean us had it to may legalize in certain states is access. so you don't, you don't snap your fingers and all of a sudden have every kind of a store that you need. it takes a while, you know, to have people apply for a license and then build the store in albany and all that. so, you know,

those are the big challenges, i think you're getting, getting access to people fairly quickly once you do decide to legalize. but that's, it is not, is not an easy thing. so we're sitting here in canada, 5 years post legalization, almost 5 and still well over 50 percent of the market is satisfied by enlisted ordeal, legal sources, similar numbers in california, in colorado, in the united states. so it's a long game. it's going to take quite a long time to, to eliminate the elicit market. it's much different than alcohol, you know, with alcohol when they, when they realized alcohol, people move rapidly to the legal sources. but there's a couple of good reasons for that. the biggest one be safety. so i'm say we is not good. i'm save. alcohol is deadly. don't kill you. so there are a lot of people who die back in the 19 twenties and thirties in canada in the us

from just in just the alcohol that was that. so are there countries that have successfully implemented legalize ation measures and significantly curve the black market for cannabis? sure. like they credit candidate less. yeah, because they are candidate and the us to be the leaders. so the us started with the california story with colorado and realizing cannabis back in around 10 years ago now. so that's, you know, those are the ones that are really have any kind of track record to point out. there's only a few others around the world in your, you know, your regions are the most, you know, the thailand that has a side has access to candidates for recreational purposes. so it's still gonna be a while, i think, till till asia, africa and even south america are, are fully on board. europe is coming along. europe is beginning to legalize

cannabis, you know, actually by country. and i don't think you'll be too long till most of europe is, is legal, but to asia i think it's going to be a while. if you in the countries and ages still have very strong suicidal feelings about candidates. and so until those go away, why would comprehend even bother. thank you so much, brad, for all your time today. the cannabis industry is a big winner here providing over 400000 jobs across all the various stages of the cannabis flower supply chain, from growers. the light engineer is that the lea, 1st trimmers, packers, transporters, retailers, manufacturers, and many, many more in the us alone. but the industry still has to deal with many hurdles as there's still a stigma that makes the industry difficult to navigate. because cannabis is still considered a schedule one drive by the federal government, banks are not allowed to lend to businesses, extend credit or even open

a deposit account for legal cannabis businesses. because of this, some countries like the u. k have jumped up the opportunity to extend a hand to the growing industry. the u. k. has become a cannabis deal hub, accounting for over half of all investment activity in your i'm christy. i. thanks for watching and we'll see you right back here. next time on the cost of everything . the, [000:00:00;00] the

at the end of the 18th century britain began the illegal opium frayed in china. these hard drugs causing addiction and literally destroying the human body became a gold mine, or businessman from the foggy l. b. on. however, the ruling chinese dream dynastee tried to resist and to stop the illegal trade, which provoked the wrath of the london business community. in 1840 without a declaration of war, the english fleet began to seize and plunder chinese coastal boards. the barley armed in morley drain chinese army, was unable to provide adequate resistance. the jing empire was forced to hand hong kong over to england and open it sports board trading the lead to the in 1856 branch, and the united states joined in the robbery of china. the anglo french troops defeated the chinese occupied basie and committed an unprecedented robbery.

destroyed and blundered the wealth of the un menu one palace. the defeat of the jing dynastee and the do opium wars fled to the transformation of the celestial empire into a semi colony of european states and started the age of humiliation. and the sale of opium took on collazo proportions and led to the horrible depths of millions of ordinary chinese. the take a fresh look around his life kaleidoscopic isn't just a shifted reality distortion, by how of tired vision with no real live indians fixtures design to simplify. it will confuse really once a better world and is it just because it shows very few fractured images presented to this, but can you see through their illusions going underground?

can the wagner military group chief of guinea for goshen is officially listed as a passenger in a deadly plane crash and rushes vary just north of moscow. but it hasn't been confirmed if he was actually on board. also ahead. we welcome the ongoing engagement to fix countries with africa. we've had many shipments during a brief journey. the brief thing development back place, an important role in the development of the accounts he spoke with global style. at the break summit in south africa, a leaders of the groups member states discuss as development and the establishment of a new economic system suitable for