Cannabis laws can be a difficult maze to navigate — especially as more Canadians use marijuana for the first time and increasingly spend more money on pot.
Cannabis use in Ontario has jumped since legalization from 1.5 million self-reported users to 2.8 million at the end of 2020, a close to 80 per cent jump in cannabis consumers, according to Statistics Canada.
Total household spending on cannabis crossed the $1.5 billion mark in the third quarter of 2020 and never looked back. In the second quarter of 2023, the most recent statistics from StatsCan, Canadians spent nearly $2 billion on both legal and illegal cannabis. Yet, a recently released federal review of the cannabis industry found that companies are struggling to maintain financial viability.
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