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

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

The province in just half a year after Canada has fully legalized cannabis of Alberta has collected C$30 million in weed fees.

The Alberta federal government revealed with its fiscal year-end statement that tax revenue gathered from marijuana is C$4 million greater than whatever they had originally calculated.

They are levies that Ottawa accumulated as an excise taxation, with 75% from itgone back towards the provinces.

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The Alberta Treasury Board and Finance stated in a declaration that the cannabis excise tax had been up C$4 million from their projection, as a result of greater than anticipated AGLC acquisitions of adult-use cannabis from certified manufacturers. CONTINUE