PBO identifies limited taxation potential from legal pot despite past reports predicting billions

While not providing specific numbers beyond 2018, the budget watchdog said that, as the legalized marijuana market matures, government revenue potential will grow.
People smoking marijuana on Parliament Hill on April 20, 2014. The PBO has projected less than $1-billion in potential sales taxes for the federal and provincial governments from legal marijuana in its first year.
The Parliamentary Budget Office has identified a mere hundreds of millions of dollars in potential tax revenue from the legalization of recreational marijuana, far less than the billions that had been predicted in previous reports. The PBO said in a report last week that combined provincial and fed...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.


Already a Subscriber?

Get Today’s Headlines Newsletter

Your quick scan of the news you need each weekday to be the smartest person in the room.


By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy

MORE News

RELATED STORIES