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CANNABISCANADAon Dec 05, 2020 6:53am
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Your Saturday read
Your Saturday read Cannabis now contributes about $14.6B in economic activity to GDP: StatsCan
Canada's cannabis industry now contributes $14.6 billion to the country's economy, according to Statistics Canada. StatsCan said Tuesday that the Canadian cannabis industry's contribution to the country's gross domestic product was upwardly revised to $14.6 billion in September, up from previous estimates of about $8 billion. The revision was made following StatsCan's annual review process which amended all of the agency's cannabis data, which goes as far back as January 2016. In addition to the new GDP figures, StatsCan said that Canadian household spending on cannabis in the third quarter of the year came to $8.49 billion, up from $6.76 billion in the same period a year earlier. |
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