6770 Paradise Rd Las Vegas, NV 89119
Inspired by the vision and tenacity of Renaissance innovator Leonardo da Vinci, Cortney Smith founded DaVinci Tech in 2011 with the desire to change the world’s imagination. Like its namesake, DaVinci Tech is known for relentless innovation. The dreamers behind the brand never stop pursuing perfection, constantly advancing the cannabis experience through thoughtful design, meticulous engineering and innovative technology. DaVinci Tech designs tiny devices that are changing the bigger conversation about cannabis consumption. Since DaVinci Tech’s founding, the team has established a legacy in creating trusted products such as the DaVinci Classic and the DaVinci IQ. Its developers draw from a rich history in manufacturing and hardware component design to build responsibly and bring clean consumption to the forefront.
Canadian Cannabis Has Added $43.5 Billion to Canada's GDP Since Legalization
Legalizing cannabis seemed like a risky bet for Trudeau over 3 years ago. However as we pass year 3 of legalization the industry seems to be in robust health! Consumption is widely accepted across the country and the sky has certainly not fallen as the reefer madness campaigners had wanted you to believe. In addition, Cannabis has contributed $43.5 B to Canada's GDP since legalization on October 17th, 2018 according to Deloitte.
Highlights from the Deloitte report:
Legal recreational cannabis sales have grown from $1.6B in 2018 to $3.9B in 2021. This is an increase of 143% and totals to over $11B in that time. It is also estimated an additional $29B was generated through capital expenditures in no small part to the large construction projects needed to develop the facilities to both grow and distribute cannabis across Canada.
Moreover, the industry has generated over 151,000 jobs and put over $15B into government coffers. Another way of looking at the economic contribution is that for every $1.00 of revenue or capital expenditure the industry adds $1.09 to Canada's GDP which shows a positive return which all successful industries need to have.
The $15B in tax revenue generated can be bro...Read More
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