Article by Melina Delkiic, Newsweek
Canadians spend about as much money on weed as they do on wine, a new report shows.
Statistics Canada, a federal statistics agency, found that Canadians consumed $4.8 billion worth of weed in 2015, putting the industry on par with the wine industry, which Canadians spend about $5.4 billion on. The report, “Experimental Estimates of Cannabis Consumption in Canada,” looks at consumption of the drug from 1960 to 2015 and was released on Monday.
The estimates are rough, the statistics agency warned, because there is no systematic process for measuring weed usage—the number could be as much as double $4.8 billion, or as little as half that, they said. For its estimate, Statistics Canada used a model based on multiplying the number of Canadian cannabis consumers by the number of days of consumption and dosage per day.
“As a first effort to create a more complete numerical history for the illegal cannabis market in Canada, these estimates appear reasonable, and, although imperfect, they are the only long-term estimates currently available,” the agency said.
The agency estimates Canadians have consumed 700 tons of cannabis since 1960.