MJ Biz reports
Various levels of the Canadian government collected more than 1.5 billion Canadian dollars ($1.12 billion) in cannabis profit and tax revenue in fiscal 2021-22, according to recently released data by Statistics Canada.
For the financial year ended in March 2022, total net income from province-owned cannabis businesses, plus total taxes and other revenue, equaled CA$1.55 billion.
The data isn’t available for other years.
MJBizDaily previously reported that Canada’s federal government has assessed more than CA$1 billion in total duty on cannabis products between 2018 – when adult-use sales launched – and 2022, according to the latest federal data.
Read the full report
https://mjbizdaily.com/canada-govt-pulled-in-ca1-5-billion-in-cannabis-tax-profit/
