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CANNABISCANADAon Feb 05, 2022 8:12am
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Something to readCannabis industry added $43.5B to Canada’s economy, supports 151k jobs since legalization After three years of legalization, Deloitte released the most comprehensive economic analysis yet of how the Canadian cannabis sector has fared. The consultancy found that over the past three years, the cannabis sector has contributed $43.5 billion to the country's economy, generated more than $15 billion in direct and indirect tax revenue for Canadian and provincial governments, while creating more than 151,000 jobs. Since 2018, Canadians have purchased $11 billion worth of cannabis, while the companies responsible for the production and sale of legal pot have spent $29 billion in capital expenditures during that time, Deloitte said. The report also highlighted ongoing challenges in the lack of diversity seen in Canada's cannabis industry as well as the environmental impact that the industry bears.