Recreational cannabis is not the money cow the government hoped for
This month the federal government sent the initial cannabis excise tax payments to the provinces. But pretty much none of the amounts was disclosed. That is most likely due to the fact the cheques had been smaller sized than officials had anticipated. But probably it is also due to the fact healthcare cannabis clientele consider the taxes are unfair.
British Columbia is the only province so far to disclose its excise tax revenues: $1.three million for October to December 2018. It had anticipated $50 million total this fiscal year, but now will be fortunate to get $three million. Other provinces haven’t disclosed their receipts. Manitoba didn’t even mention cannabis revenues in final week’s spending budget.
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