[T]he change in [California] law would be devastating to the Canadian economy, halting the flow of billions of dollars from the US into Canada and eventually forcing hundreds of thousands into unemployment. Over the past 20 years, Canada has developed a substantial and highly profitable marijuana industry that is almost completely dependent on the US market. Between 60 and 90% of the marijuana produced domestically is exported to the US via cross-border smuggling operations.
Scott Morgan adds:
This is the first thing that ought to come to mind when we hear opponents of marijuana legalization claiming that it won't help our economy. We've been sending $15 billion a year to Canada, you morons. Forget taxes, let's talk about gross revenue.