Canada’s illicit marijuana industry bigger than domestic beer market

Canada’s black-market marijuana cultivation industry is bigger than the nation’s whole domestic brewing industry, in accordance with a federal authorities company, underscoring the significance that hashish performs in Canada’s general financial system even earlier than legalization this summer time.

The findings are a part of the primary batch of knowledge launched by Statistics Canada’s Cannabis Economic Accounts, which is a set of provisional estimates associated to marijuana manufacturing, consumption and distribution.

The company pegged the dimensions of the hashish manufacturing industry (medical and nonmedical) at three.four billion Canadian dollars ($2.76 billion), simply forward of the native brewery industry’s CA$2.9 billion.

The estimates are for 2014, the newest yr cross-sector knowledge is obtainable.

Statistics Canada famous that a substantial quantity of beer consumed in Canada is imported.

The authorities of Canada additionally has launched the Cannabis Stats Hub, a crowdsouring platform to gather knowledge on costs throughout the nation.

Other key findings from the Cannabis Economic Accounts:

  • four.9 million Canadians 15-64 years previous spent an estimated CA$5.7 billion on hashish for medical and nonmedical functions, equal to CA$1,200 per hashish shopper.
  • Illegal marijuana exports have been estimated to be round CA$1.2 billion final yr.
  • 95% of the hashish consumed in Canada was produced domestically final yr, up from simply 60% in 1960.
  • The worth of hashish has been falling since 1990, reaching CA$7.50 per gram in 2017.
  • Illicit hashish manufacturing in Canada was value virtually 3 times extra than authorized domestic tobacco manufacturing in 2014.

Matt Lamers might be reached at [email protected]

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Categories: Briefs, Canada Marijuana News, Marijuana Cultivation


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