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Five Point Cannabis
- 945 General Ave NE, Calgary, AB, Calgary,T2E 9E1
- admin@fivepointcannabis.ca
- 4036903636
- fivepointcannabis.ca
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Canadian Cannabis Has Added $43.5 Billion to Canada's GDP Since Legalization
Canadian Cannabis Has Added $43.5 Billion to Canada's GDP
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...
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hellozayne
521/07/21
Penner
501/03/21
My go to store when I'm in the area. Love the vibe of the place, feels like an art gallery in there! Would recommend checking it out
alexandro
509/06/20
Really enjoyed the experience, staff was super helpful, liked the layout of the store. Definitely will be back!!
amac
521/11/19
Friendly welcoming store, very colorful with lots of local art. Staff is knowledgeable and prices are competitive. Overall five stars for this local independent cannabis gallery.
Excellent location with knowledgable and friendly staff. Jason was a great help this morning and made thoughtful product recommendations. FivePoint has a very good selection of products that I am unable to find in outlets closer to home.