In the few months that marijuana has been legalized in Canada, every major business in the country is looking for a means in which to capitalize on it, one of which being one of the largest brewers, Molson Coors. An ambitious goal has been set to establish nonalcoholic, cannabis infused beer to be responsible for up to 30% of sales in the marijuana market. This is a rather lofty goal, as the American counterparts have only seen this particular beverage offering representing roughly 1% of overall cannabis sales.
It’s always been a question of whether or not the legalization of marijuana in the country would impact the sale of beer and alcohol, yet it seems that the major brewers, rather than seeing it as a threat, are embracing the potential for crossover marketing. With the clout of a company the size of Molson behind the push for these beverage types, it’s difficult to say exactly how successful these campaigns will be and the type of impact they will have on the two distinctive markets. All we know for now, is that Molson is at the forefront of Canadian breweries looking to make this partnership.
By combining their forces with one of the major legal dispensaries in the country, you have the marketing and reach of Molson, which has access to markets across the country, putting their stamp on these particular cannabis infused offerings. We have already seen the impact that legalized marijuana has made on the city, even though the initial rollout of legal dispensaries has been troubled, to say the least. The fact that we have taken a step forward to legalize marijuana and to use it as a bolster to our country finances only opens the door for new ventures.
Whether it’s marijuana products, beer or otherwise, we are always looking to support Canadian companies and to ensure that they have the capability to maximize their potential when it comes to overall sales and access. There has been initial polling put out by Molson to get a better idea of the general interest in these products and a majority of individuals have stated that they are at least willing to try it, which at least sets a good preliminary example of what could be. The ultimate result of this venture will still have yet to be seen though.
It’s safe to assume that the legalization of marijuana has opened a number of different avenues when it comes to businesses of all types, across the country. As the first year of legalization passes and we come to see the financial benefits that it has been bring to the country, it won’t be hard to imagine the business sector growing, not only providing new jobs for dispensaries that open across Hamilton and beyond but also in distribution centers, major delivery hubs and of course the necessary growers involved. Cannabis infused beer may just be the first step in a long line of future options.
Everywhere in North America felt the effects of the housing market crash and Hamilton wasn’t left out. Though the city has managed to establish a pretty strong comeback from that period of time, the lingering effects of home foreclosures can be seen in virtually every neighborhood. This comes in the form of abandoned homes, that for one reason or another haven’t gone back onto the market, leaving an eyesore to a number of different residents and neighborhoods across the city and looking to the city for a solution.
Whether banks have foreclosed on the property and had difficulty turning it over in the real estate market or homes were simply abandoned after being unable to be sold, many homes across the Hamilton area are either boarded and shuttered or simply left to fall apart. Having a home of this nature within your neighborhood can cause issues for those looking to buy in the region, as this limits the number of homes made available but also serves to turn away prospective homebuyers who can cast judgment on the neighborhood based on one or two of the properties involved.
Many of the real estate agencies across the city have been making attempts to avoid specific locations and streets due to this eyesore, which can make it especially difficult for those looking to sell a property within that demographic. If you have a home for sale next to an abandoned one, it can be hard to convince an experienced homebuyer to invest in that property. A single home within the neighborhood has the capability to drag down the overall value of every neighboring property, creating a ripple effect that is felt throughout the entirety of specific Hamilton area neighborhoods.
It can be difficult to come up with a comprehensive solution when it comes to dealing with these particular home types, as many of them now have gotten to a point where they require extensive repairs in order to make them more attractive to homebuyers. Real estate agencies investing in some of these properties and attempting to turn them over can be one solution but it’s one that should be left in the hands of the current property owners. Whether that be the banks, former residence or otherwise, it’s the responsibility of everyone involved to raise the visual appeal across Hamilton.
For those looking to invest in property purchasing in the Hamilton area, looking into one of these abandoned properties can be a means of obtaining a house well below market value, with the intention of putting money and work into the property in order to make it live up to your expectations. It’s only through investing within our neighborhoods that we have the capability to raise the overall value of these property types, giving us the capability to close the holes that have been left by the market crash and to move forward into a more prosperous and financially beneficial future.