All Posts Tagged With: "Health Canada and the Centre for Addictions Research of B.C."
Millions could be generated by taxing marijuana
It’s a bounty that almost does grow on trees.
A new study has rung in British Columbians’ pot purchases at about half a billion dollars each year, leading its pro-legalization researchers to argue current laws mean the province is missing an opportunity to harvest tax revenues.
Researchers from the University of British Columbia and Simon Fraser University have quantified the retail value of black market marijuana sold only to British Columbians for the first time, pegging its value at between $443 million and $564 million annually.
“What’s important is to get a sense of how many people are using marijuana in B.C., and how much they’re using, and how much that’s worth,” said Dan Werb, the study’s lead author and co-founder of the International Centre for Science in Drug Policy. “That data drives policy.”