Supreme Cannabis Company Inc. (The) T.FIRE

FROM BNN

[jfogarty12]

Alberta's pot business on track to double losses in next fiscal year to $30M

Alberta's cannabis business is on track to lose $30 million in the next fiscal year, the province said Thursday in its fiscal update. Alberta Gaming, Liquor and Cannabis, the agency responsible for regulating cannabis, said it booked a $14-million loss in the fiscal 2019-2020 year, which it expects to more-than-double in the fiscal 2020-2021 year. Alberta also forecast it should receive about $79 million in revenue from cannabis taxes in the next fiscal year. Alberta consumers have purchased $242.3 million worth of cannabis products in the first six months of the year, up from about $92.7 million in the same period a year earlier, according to Statistics Canada. 

[George141]

...so they sell 242 mill versus 92 mill the previous year...they collect 79 mill revenue....they predict 30 mill loss...question is who is doing the books.( ole Bernie Madoff .AND what the hell are they smokin).

[OptGreen]

Agreed Geo, Bernie is slick but the big part of it is the provincial deficit of ~$25bil, approximately $7-8bil north of estimates...there is going to plenty more economic woe for far too many as we continue on this path of nonsense of late. JMHO...Opt