Tax take from cannabis sales is lower than expected

Mornings with Simi

English - June 20, 2019 19:41 - 7 minutes - ★★★★★ - 1 rating
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Ottawa and the provinces made $186 million from various taxes on cannabis from last October through the end of March, numbers released Wednesday show.

The provinces took the lion’s share of that money, with $132 million in combined sales tax and excise tax revenue; the federal treasury took in $55 million.

Guest: Robyn Gibbard

Economist with the Conference Board of Canada

Ottawa and the provinces made $186 million from various taxes on cannabis from last October through the end of March, numbers released Wednesday show.

The provinces took the lion’s share of that money, with $132 million in combined sales tax and excise tax revenue; the federal treasury took in $55 million.

Guest: Robyn Gibbard

Economist with the Conference Board of Canada