Canada: Pot industry contributes $8.65B to economy in May
Canada's cannabis industry generated about $8.65 billion for the country's economy in May, according to the latest data from Statistics Canada on Friday. The legal cannabis industry contributed about $4.66 billion to Canada's gross domestic product as of May, StatsCan said. That's up 11 per cent since the same period a year earlier. Meanwhile, the illicit market continues to trend downward and is estimated to contribute $3.92 billion to the country's economy, down about 13 per cent since May 2019 according to StatsCan. Ontario's cannabis supplier may open second warehouse to support rising demand: Analyst https://www.bnnbloomberg.ca/cannabis-canada-domestic-pot-industry-contributes-8-65b-to-economy-in-may-statscan-says-1.1473950