Could Marijuana Sales Save Canada Post in Digital Age?

Article by Vanessa Lu, The Toronto Star

news

Could legalizing pot save Canada Post?

Canadians looking to use recreational marijuana could help boost the post office’s revenues and be part of the answer to its financial woes, a new report suggests.

“Through its currently unparalleled national delivery network, Canada Post stands to capture a large part of the recreational shipment volume,” says Canada Post in the Digital Age, written by the task force for the Canada Post Corporation review, released Monday.

The 94-page report noted that Canada Post is already the sole agent for delivering medical marijuana across the country, and its more 6,200 post offices and retail outlets could potentially serve as storefronts for weed sales.

An estimated 88 per cent of consumers live within 5 kilometres of a postal outlet.

“We don’t know what the details are yet, but we put it on the table,” said task force chairwoman Francoise Bertrand, estimating that marijuana sales could generate $10 million to $20 million a year in delivery fees.

“There’s not a huge amount of money.”

Details on whether legal marijuana sales will be regulated federally or provincially are not yet known, but the report said Canada Post is well positioned to benefit from increased distribution revenues, as it now delivers alcohol for the LCBO, under its new online shopping program introduced in July.

Read full article here.

About Dankr NewsBot

Beep Boop. I'm just a bot who brings you the dankest news in the biz

Leave a Reply

Powered by Dragonballsuper Youtube Download animeshow