527 Eglinton Ave W, Toronto, ON
Hi Class was established in 2019 by Robert Cirasella and Kevin De Sousa with the intention of channeling their knowledge and experience within the cannabis community into a legal cannabis brick and mortar. Robert and Kevin have been close friends since the age of 6 and have always had the ambition to co-own a business; and when the government of Ontario announced its plans to open retail store applications to the public, they took the opportunity. Robert Cirasella is an entrepreneur with over ten years experience in the cannabis culture industry. From managing and purchasing inventory for some of the most iconic culture shops in Canada to travelling to cannabis oriented trade shows all around North America, Robert has truly developed a love and familiarity with all things cannabis and is eager to share his experience through Hi Class. Kevin De Sousa is an accomplished young professional with extreme business savvy. With years of experience working for a Fortune 500 company, Kevin is poised to bring his expertise to ensure a smooth day-to-day operation and customer experience. Kevin also has a background in environmental sciences, giving him a finer appreciation for the plants of this earth and his deep passion and fascination with the cannabis plant has led him to becoming an expert on its strains and effects. Over the years, Kevin and Robert, aside from their shared passion of playing video games together, spoke often about what their dreams were, what they wanted in life, and how they would get there. Although, as they got older the ideas may have changed slightly, one thing remained constant, they were adamant on starting a business, even if it cost them every penny they had. With the support of friends and family, Hi Class is now a reality. Opening in the middle of a pandemic, Hi Class has started with a resilient foundation and is ready for you to join our community. Dedicated to bringing the highest quality and knowledgeable staff.
Canadian Cannabis Has Added $43.5 Billion to Canada's GDP Since Legalization
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 More
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