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CANNABISCANADAon Oct 30, 2021 7:09am
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Your Saturday read
Your Saturday read Cabinet shuffle leads to new Canadian cannabis czar ahead of review
Canada is poised to have a new person in charge of regulating the country's cannabis sector following a cabinet shuffle earlier this week in Ottawa. Canada's new Health Minister is Jean-Yves Duclos, while Carolyn Bennett was named associate health minister with a focus on mental health and addiction. NORML Canada Executive Director Jennawae McLean welcomed the appointments and hoped the new ministers would take a hard look at a long-standing industry demand to eliminate cannabis taxes for medical products. |
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Cannabis contributed $16.9B to Canada's economy in August: StatsCan
Canada's cannabis industry generated $16.9 billion to the country's economy in August, according to figures released Friday by Statistics Canada. That economic output has been trending down slightly over the past several months as cannabis producers trimmed cultivation efforts, the data showed. The legal cannabis industry contributed $11.4 billion in gross domestic product (GDP) in August, up 26.8 per cent from a year earlier. Illicit cannabis contributions to GDP continues to fall and is now at an all-time low of $3.77 billion. Despite the GDP decline, the country's cannabis industry continues to outperform against other sectors including content and media, gambling and amusement services, coal and potash mining, and pipeline transportation. .
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