Cannabis Canada Daily: What we learned about pot from the Ontario budget

Canada LegalCanada NewsCannabis Canada Daily: What we learned about pot from the Ontario budget
12
Apr
2019

What we learned about pot from the Ontario budget

The Ontario budget, released on Thursday afternoon, revealed a number of new details for the marijuana sector. First, it appears that the expected boon from legalizing cannabis for government coffers isn’t as high as once thought. Ontario now expects to generate $80 million in cannabis-related revenue — down from the $115 million it projected with its budget last year, — following several other provinces in slashing their cannabis forecasts. In addition, Ontario announced it will introduce new measures to vet applicants for future legal cannabis stores when it is ready to start awarding new licences. The Ford government said the move aims to set up better operators and eliminate the black market.

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