Ganja has contributed C$43.5 billion to the Canada's economy in the three years since legalisation and the ganja industry has directly invested roughly C$4.4 billion in the economy, while C$29.3 billion was sourced from “indirect” economic contributions, and C$9.8 billion in “induced” contributions.
It shows that countries where weed is not legalised are missing out big time on revenue and it makes me sick that in Ireland more than 10,000 people are homeless, with approximately one-third of children.
If Ireland was to legalise weed, this revenue would/could finally make an end on homelessness in a country of less than 5 million.
According to the report Canada's ganja sector has generated more than C$15 billion in direct and indirect taxes and created over 151,000 jobs since the legalisation of recreational use of cannabis in October 2018 and adds for every dollar in revenue about C$1.09 to Canada's gross domestic product (GDP) and C$1.02 to Ontario's from legal purchases.
For the fiscal year ending July 2021, the Canadian ganja sector contributed C$17 billion to the country's GDP. Unlike beer (C$9.3 billion sales) or wine (C$8 billion sales), all adult-use cannabis sold in Canada is produced in Canada, magnifying the impact of ganja on the country's GDP.
Since 2018, Canadians have purchased C$11 billion worth of cannabis, while the companies responsible for the production and sale of legal pot have spent C$29 billion in capital expenditures during that time.
Of the tax revenue generated, about C$1 billion came from direct contributions to government revenue, while another C$2.9 billion was sourced from sales and excise taxes. The remaining C$11.2 billion comes from both indirect and other tax sources.
So when will these countries where weed is not legalised finally realise that they should legalise weed?