Loonie Trade Impacts Looney Trade

“It’s very simple,” Stephen Easton, professor of economics at Simon Fraser University in Vancouver, tells the paper. “Canadian marijuana production costs are met in Canadian dollars, and those are worth more now.”

But as a result, it’s harder to sell the crop, he notes. “With exports no longer viable, the British Columbia marijuana industry has certainly taken a hit, so to speak,” he says.

In 2000, the university published a study estimating the value of Canada’s marijuana crop at $5 billion, with about 90% of it going to the U.S., the paper reports.