SENSIBLE ONTARIO POLL
KEY FACTS
- 150 locations will not meet the province’s needs day 1 of legalization, let alone by 2020. Colorado a US state with 40% our population licenses over 500 dispensaries.
- Federal court Judge Phelan Stated, ‘Dispensaries are at the heart of access.’
- The Alberta Gaming and Liquor Commission (AGLC) generated $2.26 in profit per litre of liquor compared to the LCBO, which generated $1.80 per litre.
- For each bottle of liquor sold, without a single government-owned retail store, Alberta realizes 26% more revenue than Ontario does.
- The AGLC is much more efficient than the LCBO. For every dollar spent by the LCBO, Ontario makes only $2.26, whereas for every dollar spent by the AGLC, Alberta earns a return of $24.51.
- Canada will also see a large influx of adult-consumers from USA and abroad, these tourists will need to place to stay, a means to travel, and a place to safely consume.
- Nevada charges a 15% wholesale tax to cultivators, which goes to state schools. A separate 10% retail tax is put into the state ‘rainy day’ fund.
- July was the first month of legal recreational marijuana sales in the state, which has just announced the tax impact. All totaled, medical and recreational cannabis sales generated $3.68 million in tax revenue.
- Beyond taxes, the department of revenue says it has raised $6.5 million from license and application fees from businesses that are hoping to cash in on the new legality of cannabis in the state.
REPORTS
Fiscal Soundness and Economic Growth: An Economic Program for Ontario
“More competition between businesses would constrain operating costs and keep prices low,” the C.D. Howe Institute says in its report. “Lower prices in the legal market would make it more likely to be competitive with the existing black market.”
“Recreational consumers are highly unlikely to switch their dollars to the regulated market if there isn’t easy access,” the report states. “This means that there will be significant opportunity for the black market to continue operating in all the areas without enough legal stores to meet market demand or that are convenient to access.”