Pot of gold

Published on July 10, 2019 by oz. staff

Alberta has collected $30 million in cannabis revenue since legalization.

The province has a country-leading 156 cannabis stores open, drawing on the same model it used privatizing liquor stores in 1993.

As far as revenue goes, this is still a drop in the bucket compared to more traditional cash streams. Liquor net revenue reached nearly $887 million, while gambling netted over $1.3 billion.

However, once the chips fall, Alberta has been predicted to have the second largest cannabis market in Canada. It’s expected to sell nearly $1 billion of legal weed by 2024, according to research firms BDS Analytics and Arcview Market Research.