Canadians spent $5.7B on marijuana last year, StatsCan estimates - News Summed Up

Canadians spent $5.7B on marijuana last year, StatsCan estimates


Nearly five million Canadians spent money on marijuana last year, spending an average of about $1,200 each, according to new federal data. That's one of the main takeaways of a Statistics Canada report released Thursday that attempts to quantify the size of the market leading up to legalization this summer. The data agency estimates Canadian adults spent $5.7 billion on marijuana last year — 90 per cent of it for illegal, non-medical purposes. The almost $6-billion figure compares with the just over $22 billion that Canadians spent on alcohol last year, and the $16 billion they spent on tobacco products. The data agency estimates Canadians only imported about $300 million worth of illegal marijuana last year.


Source: CBC News January 25, 2018 14:23 UTC



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