The Canadian Government Has Collected Over $1 Billion in Cannabis Taxes Since Legalization Began in 2018
March 6, 2023
Since recreational use of cannabis became legal in Canada in 2018, the federal government of that country has imposed a total duty on cannabis products of over 1 billion Canadian dollars ($740 million). Executives expect that the government would ease the tax and excise regime it imposes on the sector as employment and financial losses rise as the milestone is reached.