Last year, sales of legal cannabis taxed by provincial and federal authorities finally met estimates tabled by the Liberal government in 2018 when it legalized recreational marijuana, according to a recent Statistics Canada report.
Recreational cannabis sales across the country facilitated by “provincial cannabis authorities and other retail outlets” in the 2021-2022 fiscal year totalled $4 billion, the federal agency wrote, which it said is equal to just over $130 for every Canadian who is of legal age to consume marijuana.
With $4 billion in sales, total federal and provincial tax revenue collected from recreational cannabis retailers totalled $1.6 billion, said the report titled, “Control and sale of alcoholic beverages and cannabis, April 1, 2021 to March 31, 2022,” published on Feb. 24 and first reported by Blacklock’s Reporter….