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Alberta rakes in $30 million simply a few months into cannabis legalization

Alberta rakes in $30 million simply a few months into cannabis legalization

The province in just half a year after Canada has fully legalized cannabis of Alberta has gathered C$30 million in weed taxes.

The Alberta federal federal government revealed with its fiscal year-end statement that income tax revenue collected from marijuana is C$4 million more than whatever they had originally expected.

They are levies that Ottawa collected as an excise taxation, with 75% of itreturned towards the provinces.

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The Alberta Treasury Board and Finance stated in a declaration that the cannabis excise taxation had been up C$4 million from their projection, as a result of greater than anticipated AGLC purchases of adult-use cannabis from certified manufacturers. Continue reading