ARMSTRONG: Legal cannabis celebrates its first anniversary in Canada: What’s next?

Michael Armstrong, Associate Professor of Operations Research in Brock’s Goodman School of Business, wrote a piece recently published in The Conversation about this week’s anniversary of Canada’s recreational cannabis legalization and what’s next.

Armstrong writes:

“This week marks the first anniversary of Canada’s recreational cannabis legalization. It’s an appropriate time to review what happened last year and consider what’s coming next.

Legalization brought big changes for some folks. About 9,200 employees now work at cannabis producers, with thousands more at retailers. Unfortunately, company profits remain scarce and tax revenues are modest.

By contrast, cannabis users are largely unchanged. In the nine months before legalization, an average of 14.9 per cent of Canadians reported using cannabis. That increased by only one-tenth, to 16.3 per cent, during the nine months after.”

Continue reading the full article here.

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