Weed Shops Alexa Image
Menu Search

Canada Could Reap As Much As $5 Billion Annually In Tax Revenues From The Sales Of Legal Marijuana

marijuana plant

Ottawa, Canada – A new report from CIBC World Markets says Canada’s provincial and federal governments could reap as much as up to $5 billion annually in tax revenues from the sales of legal marijuana.

These report uses Colorado sales figures and estimates the Canadian pot market to be worth about $10 billion annually. It also uses net profit margins from Ontario’s government booze and monopoly and income and payroll taxes to arrive at the revenue total.

The numbers were also based on other estimates of Canadian recreational pot consumption as well as the revenues experienced in the United States where marijuana is legal. They also used other factors such as ‘sin tax’ rates on alcohol and tobacco.

Canada’s Liberal government has promised to legalize, tax and regulate marijuana and hopes that it will curb the untaxed black market as well as generate extra profits from pot tourism.

Former Toronto police chief, MP Bill Blair, has been made the lead on investigating a new regulatory model.

“It was never about a money-maker, it was always about public health, public safety,” the prime minister Justin Trudeau said in December during a year-end interview.

For the most up to date info on Weed Shops, follow us on Twitter @WeedShops or like us on our Facebook page.

WeedShops.com – Where The Grass Is Always Greener

There are no reviews so far.

Leave a Review

Your email address will not be published. Required fields are marked *

Weed Shops Download Our App
Welcome To Weed Shops
Apple-app-store-lgo
Find Nearby
Weed Shops, Doctors
Delivery, Head Shops
Strain Menus, View Specials
Read Reviews, Hours
Get GPS Directions
You must be 18 years of age or older to enter this site.
NEW! Download The Weed Shops App Today!