Month: September 2017

What Marijuana Legalization Can Bring To Canada

Ontario considers pricing recreational pot at $10 a gram

Canada is going to legalize marijuana, recreational use in 2018. Although this decision made by Justin Trudeau has long been contentious.The legalization is accord with most of the Canadian expectations.From the whole view, the Legislation on marijuana exactly can help Canada solve many upfront problems. Especially for the financial issue, marijuana is like an economic engine in Canada. Marijuana in the legal market is estimated to give Canada’s economy a boost of up to $22.6 billion per year, according to a report from Deloitte. As a result, the Cannabis industry will bring substantial revenue to Canadian government without increasing taxes.

Opening up a new industry within the economy always brings enormous benefit, particularly the marijuana industry, which had long been prohibited, but had accumulated a huge consumer group. The cannabis mainstream retail market and other legal marijuana, operating will provide employment opportunities for people.

From the statistics and prediction, there is no doubt that legalizing cannabis can bring Canada many benefits. But I think the most influential impact is legalizing recreational weed cuts off an important revenue stream for many in the illegal drug trade, which also means that government-regulated pot will drive customers to legal retailers and away from the underground market. The black market has no safety standards. There is no way to know exactly what dangerous substances are cut into the drug. While the legal retailer sells the cannabis under a legalizing framework. Consumers can just buy limited amount once, which avoid any possibilities of toxic addiction or an overdose of marijuana. Meanwhile, I think with the same unified price, there is no meaning to smuggle or do some illegal trade, which might decrease the crime rate in Canada.

There are some people still concern about the negative impacts might bring with the legalization of recreational use, like affect teenagers, seem cannabis as a drug and will affect health and so forth. However, I think legislation is the most strict and rigorous rule in a country. If the regulation is there, nobody can break it. If everyone just abides by the law, things will just go in a right direction.

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Sources：

Brian Hutchinson (12 Oct. 2016.). Black market to grey: The illicit marijuana market is no longer dominated by gangs. National Post. Retrieved from http://nationalpost.com/features/o-cannabis-black-market-to-grey

CBC News (13 Dec. 2016.). Shares of Canadian pot companies head higher. CBC News. Retrieved from http://www.cbc.ca/news/business/pot-stocks-report-1.3894179

Ferguson, Rob (20 Sept. 2017.). Ontario considers the price of $10 per gram in government stores for marijuana once it’s legalized next summer | Toronto Star. thestar.com. Retrieved from https://www.thestar.com/news/queenspark/2017/09/20/ontario-considers-price-of-10-per-gram-in-government-stores-for-marijuana-once-its-legalized-next-summer.html

William Marsden, William Marsden (22 Nov. 2016.). Marijuana is becoming a billion-dollar business in Canada. Now all it has to do is become legal.. Washington Post. Retrieved from https://www.washingtonpost.com/news/worldviews/wp/2016/11/22/marijuana-is-becoming-a-billion-dollar-business-in-canada-now-all-it-has-to-do-is-become-legal/

Business Ethics

 

      These days,  as the economic globalization‘s acceleration, enterprises face rigorous challenges brought by the ever-sharpening international competition, peer pressure as well as risks that may arise on the road of development. it’s easy to paint the corporate world in a negative light. Therefore, the code of ethics plays an increasingly important role in enterprises. 

      The code of ethics encompasses a series of principles are applied to employees to avoid unethical practices, behaviors, and misconducts today.  Business Ethics refers to standards of correct behavior, members of the organization are expected to maintain and follow with. A properly framed code helps provide companies with a compass to guide their employees through business environment.

                                                                                                                                                                     For global companies, like Starbucks. The Starbucks does business with its suppliers all around the world. It purchases coffee bean from countries in South America, Africa, and Asia. It is crucial for the Starbucks to ensure the long-term sustainability of the quality of coffee while considering the mutual benefit of the coffee plantations and the company.  The Starbucks Supplier Code of Conduct requires their employees to show respect and dignity to the farmers, and moreover, the company provides farmers with various aspects of services concerning information technology dissemination, training, financing, infrastructure, education, etc. Starbucks’ Farmer Support Centre on four continents where agronomists test soils, examine samples and provide free pieces of advice to any coffee farmer who asks. This cooperation uses its code of conduct maintains high-quality coffee beans, which receive recognition around the world.

        In my perspective, the code of ethics can affect the market in different aspects, includes strengthening the relationship with customers and franchisees, foster a healthy company image, utilize resources effectively, and so on. Business ethics contribute to a long-term development of the company.

 

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Sources:

Starbucks Coffee Company (n.d.). Supplier Guidance. Starbucks Coffee Company. Retrieved from https://www.starbucks.com/business/suppliers

Starbucks Coffee Company (n.d.). Standard Terms and Conditions. Starbucks Coffee Company. Retrieved from https://www.starbucks.com/business/suppliers/standardtermsandconditions

N.a (15 May 2014.). Ijoart.org. Retrieved from http://www.ijoart.org/docs/THE-IMPORTANCE-OF-BUSINESS-ETHICS-IN-GLOBALISATION-A-STUDY.pdf

ResearchGate (6 Dec. 2014.). Business Ethics: Impact of Globalization. ResearchGate. Retrieved from https://www.researchgate.net/publication/271531654_Business_Ethics_Impact_of_Globalization

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