to be joining the block is on equal economic splitting. however, they do come to the table with something sizable to offer. and that is the crucial part of this block expanding and building its force across the globe. well, it's been an absolute privilege to have you had with us over the past 3 days. and as the brakes now wraps up, we also say good bye from all the beautiful studio engine on his bug is fine for me . nicky, aaron and buy from me new new echo the homeless you story before we go. the 13 has come in search on wednesdays, a plane crash the report to the killed the wagner minutes. a group cheese, guinea, pig, gordon, and several of his top aides. now the russian presents expressed his condolences to the families of the victims law. stressing that the instance is now being thoroughly investigative. so this is 50,

it's only because when we go to this arrow just asked a festival, i would like to express my sincere condolences to the families of all the victims. it is always a tragedy at a signal. and indeed, if there were wagner employees on board, i would like to point out to these 2 guys, these are people who made a significant contribution to our common cause of fighting the neo nazi regime in the ukraine. we remember that we know that and we will not forget that for goshen. i knew for a very long time since the early ninety's, he was the amount of complicated destiny and he had serious mistakes in his life and to achieve the results he needed to force himself. and then when i asked him to do it for the common cause, like in the last months she was a talented man, a talented business man. she was not only, you know, a country with the results, but also wrote you after the guy in particular. she was engaged and oil, gas, precious metals and stones, if you just got back from africa yesterday. as far as i know,

returned from africa yesterday, he met some officials there. but what a sudden is that they had of the investigative committee reported to me this morning. they have all of these stuff at a preliminary investigation into the incident, and it will be conducted in full and brought to a conclusion that this, there is no doubt about that. we will see what the investigators will say in the near future. and now is the right examinations, technical examinations and domestic examinations. beautiful take some time. so we'll be back with more coverage and in depth analysis of the 3rd and final date of the break summits in johannesburg, which coastal decrease membership more than double. and that's will be in just around 30 minutes time. i'll see you, then the details failed to frame. still again, another thomas is not kept in fast. the military alliance has no intention to bring

to have been to nato. this has always been the boss, ukraine as an after thought inflicting a strategic defeat on russia as the, the global canvas market sizes valued at almost $400000000000.20, and a suspected to jump 20 percent by 2033 legalization. and the adoption for cannabis for disease treatment. furthermore, have cultivation by various countries due to low, th, the content is further increasing its adoption. and then when coven 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 am christie. i and you are watching the cost of everything we are today. we're going to be taking

a look at the controversy surrounding this valuable plan. the it has been a hot journey for this precious are in the 1800s. it was 1st banned 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 cigna for greece, jamaica, mexico, south africa, canada, the u. s. 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 is medicinal properties. in many countries, cannabis a spill 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 a certain indication. for example, in croatia, the use of marijuana is legal among patients suffering from aids, cancer, multiple sclerosis and epilepsy. and australia. it can only be used for muscle spasm, email therapy, and epilepsy. mexico is rainforest, 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 $100.00 a $1000.00 heck. there's primarily in the northern states. us didn't allow us to 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 needed to the regions followed by morocco who is the world's 2nd largest producer. in the early 2070 percent of his shish consumed in europe was produced in morocco. and while cannabis is illegal, production has started to become less criminalized as no other prop grow in the mountain. this river region. in addition, cannabis makes up a large source of the economy which has led to a good faith in favor of legalizing cannabis in morocco. and finally, the u. s. is the largest producer of marijuana in the world. the $26.00 states in the us have legalized or de criminalize the drugs, but never the less the youth 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 alone extensions 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 ativa with low t h, the contents below point 3 percent. countries such as china, canada, france, she lives, south korea, eco dog corporation, the czech 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 and 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 and 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 flower in the seas to be consumed in time. 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 exploded 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 and asia, allowing users to have a safer and better experience. with this 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 video legal markets. right? because we don't have the normal ways of measuring it, like we, 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 them or follow them if they're probably traded. we are not available to us in the legal side. so the best estimate for the north american the size 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 is 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? medium companies are usually the global leaders and are very, very things anyway. so um, but because of the legalize agent 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. they'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 for lead to release and press go. these are pretty good sized players. and of course, having the ability to get going in north america where it's legal is giving them a bit of an advantage when it comes to expanding into internationally. so in places like germany or malta, ours, which are land look to legalizing. they often look to these companies as um,

you know, as initial layers, of course, they want to create a domestic industry in the long run. but um, it's convenient to use these companies know what they're doing at least that, you know, in the very beginning. so that's in the bigger 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 extent 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 cannabis is illegal survey 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 getting easier as

more and more places do legalize candidates than we have that feel. and yes, 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 they're, they're 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 that 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 physically 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 review. these things cost like, you know, hundreds of thousands of dollars to build um, just to store candidates. and so that created obviously a huge cost for 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 we're not talking about testing. i don't mean propulsion, see, i mean actually for, for harmful substances. so for things like mall or mail to 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 even 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 about it. 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, 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,

if 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 going to 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 past aside. i'm thinking, you know, they're good gardeners, they know what they're doing all just draw. so mike, look, 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 bad, 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 trade. and where is the list and drug market, the biggest, the the global trade and cannabis accounts for about 38 percent of the retail market

for a list of 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 and the, 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 crossings like the back of their hand, surviving 4 days in the forest. each year greek believes have confiscated several tons of wade. the smugglers risk their lives because once 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, animal or south america. in 2023, the customs and border patrols these over 97000 pounds of marijuana. this is the

most seized drive by weight. and this was followed by a method of kind of mean at 96000 pounds, cocaine at 33000 pounds and fentanyl and 19000 pounds. while this is still a lot of volume, it has significantly decreased from over 3000000 pounds in 2013. due to the ongoing legalize ation in marijuana at the state level in the us. this has force organized crime groups and 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. the 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 id to legalize in canada as in any jurisdiction. so 1st of all, i think we should start from the acknowledging the fact that catalyst is a, is a plant and a drug. it's been used by humans for 10000 years is not going anywhere. and the governments around the world, the curios vacuum in 1900 said when you make l all 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, a tax, it floated into places, stores where young people aren't allowed to go and buy it. and, you know, i think there's, there's several economic storage,

several societal benefits to legalize a 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, there is no reason is that 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? yeah, 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. so in 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 candidates. 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 candidate 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 the list of 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 the 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, there's not good. i'm save. alcohol is gradually, it will 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 a candidate less. yeah. to consider canada and the us to be the leaders. so the us started with the california story with colorado, um, realizing cannabis back in around 10 years ago now. so that's, you know, those are the ones that are, they 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 guy 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 until most of europe is, is legal, but to age i think it's going to be a while a few other 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 kind of as industry is a big winner here, providing over 400000 jobs across all the various stages of the cannabis power supply chain. from growers, the light engineer is the daily, 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 the, the store

not surely wouldn't be the last of the school anyway. not much of a lot of lots of them will, doesn't push will pay you the frontal and much anyone beach from my problems. most of the same time, it will show somebody total induced to picture. you still have them over when approximately the students over the way, not as a c p lawyer did you do to do to get any issue, but have a crew to really but get to the my money and the law school looking at the tilda from e i d comfortable. so shame you follow semester for you. well, i really appreciate you in your dish. so you felt because this was the 1st what you told me reads and they should more with the most of more points to it. but i'm pretty sure it will. he will points at the point of view for that they did it when

you cause they were made to the joyce, the i didn't change the public public of egypt and the fact that the democratic republic of your po, the is law make the public of theater on the kingdom of saudi arabia and the united arab emirates, the south off again, presidents reveals that consistent with joint breaks on the 5th of january 2024. he started the phone by the blogs, 5 current members and young boys. somebody here and your hand is right and we're bringing you special coverage of the brick summit on this 3rd and final day. yeah, the brakes plus tile accessing wraps up with leaders and representatives speaking on co operation.