CANNABIS LEGALISATION SHRINKS ILLICIT SEGMENT, BUT WEAK ENFORCEMENT POSES ML RISKS
April 19th, 2024
The impact on criminality and money laundering of the comprehensive legislation of cannabis in Canada in 2018 is becoming better understood – while an expanding legal sector is squeezing an illegal market, illicit sales are still large. This is fuelling concern that criminals may be working with the legal sector.
Canada (population 40 million) was the first major country to legalise the cannabis trade, following Uruguay’s legalisation in 2013 for its 3.4 million citizens. It has been followed by the United States, where legalisation has continued on a ...
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