Province won’t turn a pot profit in next 4 years, budget shows (Canada)

By October 29, 2019 Recent News

PressReader 25 October 2019
Family First Comment: Next time the Drug Foundation and the Greens talk about how much tax money will be raised by legalising pot, tell them about Canada.
“The province said the updated numbers reflect weaker consunption than initially predicted following cannabis legalisation in October 2018… After a year of legalisation, it appears the black market cannabis industry is still thriving since it isn’t subject to legal sector demands.”
Read our analysis – https://saynopetodope.org.nz/social-costs-v-tax/

Bringing legalised marijuana to market has proven costly for Alberta, with no sign it wil turn a profit anytime soon. 

The UCP budget, tabled on Thursday, projects that cannabis income will remain negative over the next four years, despite previous estimates it would make the province money by 2020… 

..The province said the updated numbers reflect weaker consunption than initially predicted following cannabis legalisation in October 2018. 

.. After a year of legalisation, it appears the black market cannabis industry is still thriving since it isn’t subject to legal sector demands.
https://www.pressreader.com/canada/edmonton-journal/20191025/281573767481470

 

Leave a Reply