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Cannabis industry adds $8.26B to Canada’s GDP

Stockhouse Editorial
1 Comment| 13 days ago




According to new data published by Statistics Canada on Tuesday, Canada’s cannabis sector contributed over $8 billion to the country’s gross domestic product as of July 2019 – a steady increase from the $7.02 billion last October when recreational cannabis was legalized.
 
The StatsCan figures also show Canada's legal cannabis industry has grown by a whopping 185 percent in the first 10 months since recreational marijuana was legalized.
 
Conversely, black market cannabis output has fallen by 21 percent in that same time, according to StatsCan estimates.
 
Read StatsCan report here.

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Comments

biggerr
and how much GDP is lost due to workers who are too high to work
(85)
13 days ago

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