Economic activity in Canada’s legal pot industry tripled since legalization: StatsCan
Canada’s cannabis industry generates about $8.16 billion to the country’s economy, according to latest data from Statistics Canada. The legal cannabis industry contributed about $3.96 billion to Canada’s gross domestic product as of February, StatsCan said. That’s up 215 per cent since recreational cannabis was legalized in Oct. 2018. Meanwhile, StatsCan said the illicit market is estimated to contribute $4.13 billion to the country’s economy. That’s down about 21 per cent since Oct. 2018.
Fire & Flower books Q4 loss of $22.2M through impairment, restructuring charges
Canadian cannabis retailer Fire & Flower shares closed down about 5 per cent on Thursday after the company released its fourth quarter results.
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