Alberta Government Collects $30M From Cannabis Tax Since Legalization

Article by Adam MacVicar, Global News.

Alberta Government collects $30M from cannabis tax since legalization

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.

Read the full article here.

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