Non-med­i­cal cannabis worth $3.3 bil­lion in 2016

Waterloo Region Record - - Business -

OT­TAWA — The il­le­gal pro­duc­tion and con­sump­tion of non­med­i­cal cannabis was worth about $3.3 bil­lion in 2016, ac­cord­ing a Sta­tis­tics Canada anal­y­sis of the un­der­ground econ­omy. The agency gen­er­ally hasn’t in­cluded il­le­gal drugs and pros­ti­tu­tion in the un­der­ground econ­omy, but it has been pro­vid­ing more cannabis-re­lated data ahead of Oct. 17, when recre­ational use of pot be­comes le­gal in Canada. The agency es­ti­mated un­der­ground eco­nomic ac­tiv­ity to­talled $51.6 bil­lion or 2.5 per cent of Cana­dian gross do­mes­tic prod­uct in 2016. It said the un­der­ground econ­omy in­creased 3.5 per cent from 2015 to 2016, top­ping the 2.0 per cent growth in to­tal econ­omy. StatCan notes the un­der­ground econ­omy as a pro­por­tion of GDP has been sta­ble.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.