Article by Stratcann
The newest annual report for the Société Québécoise du Cannabis (SQDC) shows the provincial cannabis agency brought in $66.5 million in net income in the past year, capturing over half of the cannabis market.
The report, for the 2020-20221 fiscal year ending March 27, 2021 also shows tax revenue from sales for the past year, $121.8 million in Quebec and $ 49.6 million at the federal level. Nearly $238 million was paid to all levels of government, including about $188 million to Quebec.
Revenues from cannabis sales in Quebec are reinvested into provincial projects and services, such as prevention and research in the field of cannabis as well as in the fight against the harms linked to the use of psychoactive substances.