WeedLife News Network
Over $5B in Cannabis Tax Collected!
OTTAWA — Ottawa and the provinces raked in more than $5.4 billion in cannabis tax revenue since the drug was legalized for recreational use in October 2018.
The federal government has collected $1.2 billion, with the remaining $4.2 billion going to provincial coffers.
Ontario took in the greatest provincial share of revenue $1.5 billion with Alberta coming in second at just over $1 billion, despite having less than a third of Ontario's population.
Alberta collected the most per capita tax revenue of any province since recreational cannabis was legalized, pulling in about $210 per person.
In terms of per capita tax revenue, Alberta easily surpassed its nearest rivals the Northwest Territories, which collected $135.80 per person. They are followed by the Yukon at $126.35, Saskatchewan at $121.55 and Newfoundland and Labrador at $113.65.
Quebec has the lowest per capita share of recreational cannabis tax revenue, at just $55.31 per person since October 2018.
The information comes in an answer to a House of Commons order paper question from Quebec Conservative MP Luc Berthold, who asked for a breakdown of cannabis tax revenue and spending on associated prevention programs.
Original link
Copyright
©420 Intel
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

