A new study suggests the sale of recreational marijuana would be more profitable if it were handled by the Société des alcools du Québec (SAQ) than by the private sector.
The Institut de recherche et d’informations socioéconomiques (IRIS) study claims that within 10 years of the legalization of marijuana in Canada, the value of Quebec’s market could climb to $3.2 billion.
Commercializing the sale of cannabis would produce slightly better returns if run by the SAQ than by private enterprises, according to IRIS. Tax revenue alone, the study claims, would be about $10.1 million higher with the SAQ in charge.
The SAQ could see an increase in revenue of a half billion dollars were it to take over the distribution of recreational marijuana, IRIS claims.