The new bill establishes a National Cannabis Institute to regulate the drug (including sales) and allows for the creation of “membership clubs” of up to 15 people licensed to grow 7,200 grams per year for the use of the members. The institute will be able to fix the price of its licenses to grow or sell cannabis. I presume that the Parliament will also be able to impose taxes in excess of the license fees. I am a little surprised as to the budgetary autonomy that the legislation seems to grant the Institute.
It appears that the Broad Front legislators have abandoned the idea of having the state control the entire value chain in favor of a more ordinary regulatory approach.
The experiment will bear watching.