B.C.’s first hit of cannabis tax revenue much lower than expected


British Columbia’s first hit from legal cannabis has fallen far short of the pre-legalization estimates written into last year’s budget. The provincial Ministry of Finance expects B.C.’s share of federal excise taxes on legal marijuana sales will be $68 million over the next three years, substantially less than the estimate of $200 million over three years that the province wrote into its 2018/19 budget.

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