Alberta rakes in $30 million just six months into cannabis legalization

Alberta rakes in $30 million just six months into cannabis legalization

In only half of a 12 months after Canada has fully legalized cannabis, the province of Alberta has gathered C$30 million in weed taxes.

The Alberta government revealed in its fiscal statement that is year-end taxation revenue gathered from marijuana is C$4 million more than whatever they had originally projected.

They are levies that Ottawa built-up as an excise taxation, with 75% from itreturned to your provinces.

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The Alberta Treasury Board and Finance stated in a declaration that the cannabis tax that is excise up C$4 million from their projection, compliment of greater than expected AGLC purchases of adult-use cannabis from licensed manufacturers.

Based on the statement that is financial the Alberta Gaming, alcohol and Cannabis Commission, which will be the physical human anatomy in fee of managing recreational cooking pot, created almost C$77 million in cannabis sales between October 17, 2018 and March 31, 2019. (más…)