TAX REVENUE FALLS SHORT OF EXPECTATIONS

HTTPS://WWW.FLICKR.COM/PHOTOS/50318388@N00

The federal government has only collected half the excise taxes it expected following legalization. The government projected $35M for 2018-2019, but brought in only $18M.

• Ottawa has adjusted its excise-tax revenue expectations for this year from $100M down to $66M.
• Nonetheless, it projects $135M in excise tax revenues next year, reaching $220M in 2023.

More data:

For the first time, licensed cultivation space is 

Log in or become a WeedWeek Member to read this article.