Federal, provincial governments raked in more than $5.4B in cannabis tax revenue
OTTAWA — Ottawa and the provinces raked in more than $5.4 billion in cannabis tax revenue since the drug was legalized for recreational use in October 2018.
The federal government has collected $1.2 billion, with the remaining $4.2 billion going to provincial coffers.
Ontario took in the greatest provincial share of revenue — $1.5 billion — with Alberta coming in second at just over $1 billion, despite having less than a third of Ontario's population.
Alberta collected the most