-1638381161286.jpeg "Trending News")
-1637601652659.jpeg "Trending News")
-1636681762940.jpeg "Trending News")
-1636568474099.jpeg "Trending News")
-1636474543954.jpeg "Trending News")
-1636390815931.jpeg "Trending News")
Are you of legal age to enter this site?
You must be of legal age in accordance with the law of your province to access this website and/or to purchase cannabis.
By entering this site you agree to our Terms & Conditions and Privacy Policy.
Budding Creations
- 9927 116 Ave #103, Grande Prairie, AB , Grande Prairie ,T8X 3Y3
- Info@BudCreations.ca
- 5878031494
- buddingcreationscannabis.com
Budding Creations
Size
1G
3.5G
7G
14G
15G
28G
30G
-1644274827364.png "News Detail")
Canadian Cannabis Has Added $43.5 Billion to Canada's GDP Since Legalization
Canadian Cannabis Has Added $43.5 Billion to Canada's GDP
Legalizing cannabis seemed like a risky bet for Trudeau over 3 years ago. However as we pass year 3 of legalization the industry seems to be in robust health! Consumption is widely accepted across the country and the sky has certainly not fallen as the reefer madness campaigners had wanted you to believe. In addition, Cannabis has contributed $43.5 B to Canada's GDP since legalization on October 17th, 2018 according to Deloitte.
Highlights from the Deloitte report:
Legal recreational cannabis sales have grown from $1.6B in 2018 to $3.9B in 2021. This is an increase of 143% and totals to over $11B in that time. It is also estimated an additional $29B was generated through capital expenditures in no small part to the large construction projects needed to develop the facilities to both grow and distribute cannabis across Canada.
Moreover, the industry has generated over 151,000 jobs and put over $15B into government coffers. Another way of looking at the economic contribution is that for every $1.00 of revenue or capital expenditure the industry adds $1.09 to Canada's GDP which shows a positive return which all successful industries need to have.
The $15B in tax revenue generated can be bro...
Read MoreBrand - -
Category - -
THC - 0%
CBD - 0%
Weight -
Description
