use and updates minus be discuss, thanks for your company. the the global canvas market sizes valued at almost $400000000000.00 in 2022, 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 t h, the content is further increasing its adoption. and then when over 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 50 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. the it has been a hot journey for this precious are in the 1800s. it was 1st and by napoleon after he was concerned by his truth 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 e criminalizing cannabis. and now slowly recognizing as medicinal properties in many countries, anamosa spill illegal,

but the criminal lies so possession carries and very little if any punishment. now, medicinal cannibals has been legalized in various european nations, but it is only for certain indications. for example, in croatia, the use of marijuana is legal amongst patients suffering from a's, cancer, multiple sclerosis and epilepsy, and australia. it can only be used for muscle spasm, email therapy, and epilepsy. mexico is rank forth 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 illegal production. this could be

a huge engine for growth in the future. afghanistan is the world's 3rd largest producer of marijuana, as the indigo plant is needed 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 criminalized as no other prob, grow in the mountain. this river 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 de criminalized the drugs, but never the less the use fail and possession of marijuana is still in legal 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 to tivo with low th, the content 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 have producers. now the global have 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 and china for industrial cannabis planting and 2020. cannabis has been to criminalize and 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. the highlands economy

depends heavily on tourism industry. so the country is planning to merge medical marijuana with its wellness industry to attract medical tourism. however, because of the sudden the criminalization a huge market basically floated overnight. every one was growing. every one 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 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 market. 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, like we, you know, through the tax system or that kind of thing. or even just knowing who the players are. so we can ask the order, follow them. if they're probably drafted, we have none of that available to us in the legal side. so the best estimate for the north american the size of the north american cannabis 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 is 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, 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 interestingly, a few of the larger players are actually canadian companies, which is not normally the case, right. ladies, companies are usually the global leaders in the not very, very things anyway. so um, but because of the legalized 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, as usual, ultimately moving easily. the recreational reason where there's obviously a lot more customers. and so are couple of the larger players. canopy growth 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. truly charities, press go. these are pretty good size 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 it's convenient to use these companies know what they're doing at least that, you know, in the very beginning. so that's of the bigger players are that said, canada is, is an industry does not dominated by large players. mostly because it gets illegality. it's dominated by smaller players and what are the challenges and accurately determining the sense of the black market and 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 strap relating them across some population. even this is not going to go away because i think there's going to be places around the world where 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 get easier as more and more places do legalize candidates, then we have that feel a, yeah, that's the real numbers they have to, you know, collect sales taxes and they 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 candidates is legal. so in some way, either medically recreationally, there's still an enlisted market, and in most cases the listed market has quite a big price advantage. they the where he 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 that basically 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 create and obviously, you know, huge costs for some of some of these players. so that's, 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 cannabis. and what i'm talking about testing, i don't mean propulsion. see, i mean actually for, for harmful substances. so for things like mall or mail, you 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, a whole canvas is tested for a wide range of harmful chemicals. and so that's obviously another cost that they have since the youngest 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 products. 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 it 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 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 with these are not really any bad things that are gonna come from eating a tomato that you that skill has traces of this pesticide called mike mike. mike, hello, beautiful. 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 make sure that it's not there. thank you. so much brad, the please stick around. brad will 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

on july, the 8th 1941 german troops entered the stone here from the south. soviet soldiers and civilians full of the enemy courageously on the stony and soil go with thousands of casualties. found out the federal home to your point. therefore we are giving you 50 feeling it that i'm not sure to force you to which vehicle even as d is being wave. what the, what is pushing that during the years following the soviet victory, a large number of monuments, loveless and burial sites were rented to on of those who had fallen in the wall to get the vs. just another. however, recently, many of them have either been demolished vandalized or completely neglected. and we sold the, the, all those who do the best represent once the left of the memory. so as to prevent rewrite history and re make consciousness the power for the wives.

because the far above the garage, the garage, and then a high quality of life to my destination is having the necessary conditions. the most part of you can restore immersion in terms of the number of hours available in a week. contact can being pretty shortly by change, which is why i would say to be conscious of your existence. what about take is a try to centralize or existence. and with that, it shows you all the adults and it means one thing, but it was not going to cut them. we've, you purchased it. mean to know that some way. so if the, if you're still exploring the orthodontist, you need something else. because at the without the you are essentially a mundane person and shy, pronounce that as well. some 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 drive, making it the 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 by foot and know all the montana in this crossings, 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, animal or south america. in 2023, the customs and border patrol seized over 97000 pounds of marijuana. this is the most seized drug by weight, and this is 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 us. this has forced organized crime groups 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 legalize 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 losses brought on by marijuana legalization in asia. cannabis is still listed as a category to narcotic in many countries. and in taiwan, those 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 plans 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 i visualize 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 is been used by humans to 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 cast 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 economic storage, 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 there is the freezing 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 that if you don't have a legal review. 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 candidates. one of the problems was, is just simply price to my way higher than where the legacy market was pricing. um, the other thing we had a problem with and it's an actual problem,

but i mean us have it to may legalize in certain states is access. so you don't, you don't snap your fingers and all of the 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 and open it and, and all that. so, so, you know, those are the big challenges, i think, you know, 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 listed for the legal sources . similar numbers in california, in colorado, in the united states. so it's a long game. it's gonna take quite a long time to, to eliminate the elicit market. it's much different than alcohol, you know, without a hole. when they, when they liked 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, wait is not good. i'm save. alcohol is gradually, it'll kill you. so there are a lot of people 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 has successfully implemented legalize ation measures and significantly curb the black market for cannabis? sure, well i think, i think candidate less. yeah. to consider canada and the us to be the leaders. so the us started with the california story with colorado realizing canada stacking 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 the or, you know,

your regions are emotional. 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 age and africa any to south america are, are fully on board. europe is coming along here is beginning to legalize cannabis, you know, but actually by country, i don't think you'll be too long until most of europe is, is legal, but to asia. i think it's going to be a while a few other countries in asia still have very strong suicidal feelings about candidates. and so until those go away, why they thought they're gonna 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 power supply chain from growers. the light engineer is that the lea, 1st trimmer 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 drug 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, you'll have 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 state so failed to frame. still again, another promise not kept. in fact,

the military alliance has no intention of bringing to have been to nato. this has always been the boss, ukraine as an after thought inflicting a strategic defeat on russia as the by the early 1950 kenya became one of the centers of resistance to colonialism. east africa, the british invaders infringed on the most basic rights of the local population. great britain pursued the policy of squeezing out the local population from their indigenous lands. the best airable areas were given to white farmers, dooming canyon step already in hunger. this caused the sharp protest of the peasants and led to the emerging of the mile mile movement,

which started the fight against the invaders. the rebels called themselves canyon, land and freedom army. the spiritual leader of the movement would be anti colonial, active as jo mo kenyata, the freedom fighters used to relive tactics and attacked the individual units of the british troops. the latter responded with massive air rays and artillery effects. wind, suppressing the uprise of london relied on the maximum cruelty over $50000.00. kenyans were killed. about 300000 people were thrown into prisons and concentration camps. where george here in no way inferior in girl z to the nazis was widely practiced. the veracity of the colonial list only led the temporary success. in 1963, the british empire had to recognize the independence of gain. yeah. however, the colonial regime left behind a trail of blood and boons at the canyon nation has not recovered from on sale. now, to

the i didn't, teen republic. the republican of egypt and the federal democratic republic of your po is law, make republic of theatre on the kingdom of saudi arabia. and the united arab emirates, the south african president reveals the country that will join breaks on the 1st of january. 2024 decided upon and by the blocks 5 part members here and go ahead and read. we're bringing your special coverage of the brick summit on this 3rd and final day. yeah, the brakes plus the excessive wraps up with lead is.