STATS CAN SAYS ILLEGAL POT WORTH BILLIONS

Oct 12, 2018

By Michael Kramer

Share on

The illegal production and consumption of non-medical cannabis was worth about $3.3 billion in 2016 – according to a Statistics Canada analysis of the underground economy.

Stats Can generally hasn’t included illegal drugs and prostitution in its analysis of the underground economy – but the agency has been providing more cannabis-related data ahead of October 17th – when recreational use of pot becomes legal in Canada.

The agency said Friday that underground economic activity totalled $51.6 billion – or 2.5 per cent of Canadian gross domestic product in 2016.

If illegal cannabis had been included, the underground economy would have accounted for 2.7 per cent of 2016 GDP.

Three industries accounted for more than half of the underground economy in 2016: residential construction (26.6 per cent), retail trade (13.5 per cent) and accommodation and food services (12.1 per cent).

Statistics Canada noted the underground economy as a proportion of GDP has been relatively stable – reaching a high of 2.7 per cent in 1994 and a low of 2.2 per cent in 2000 – but would have been between 0.2 and 0.3 percentage points higher each year if non-medical cannabis were included.

Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: