The Alberta government raked in $30 million in taxes from cannabis in the first six months of marijuana legalization.
According to the province’s fiscal year-end statement, the tax revenue from cannabis collected by the government is $4 million higher than originally expected.
But, the AGLC only netted a profit of $4.7 million due to the cost of sales.
Calgary’s share of the first year of legalization was $3.8 million.
There are currently 156 pot retail shops licensed with the AGLC.
Legalization on October 17 was met with high demand from consumers, which led to supply shortages across the province.