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Legal dagga becomes the fastest growing sector of the Canadian economy

4 February 2020 2:29 PM
Tags:
Dagga
Canada
Dagga legalisation
Tito Mbooweni
dagga commercialisation
dagga industry
Dagga production is growing at 15% year-on-year. The industry added R82 billion to Canada’s GDP in November 2019.

Legal dagga’s share of Canada’s economy is growing faster than that of every other major industry, according to Statistics Canada.

Dagga added R82 billion (CAD 7.4 billion) to Canada’s GDP in November 2019, the latest month for which data is available.

Production is up 15% compared to November 2018.

Dagga remains a small part of the Canadian economy for the moment (0.4% of GDP).

Finance Minister Tito Mboweni on occasion publicly voices his support for US and Canada-style commercialisation of the industry.

Mboweni argues that it would add a much-needed boost to South Africa's ailing Fiscus while taking pressure off taxpayers.

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4 February 2020 2:29 PM
Tags:
Dagga
Canada
Dagga legalisation
Tito Mbooweni
dagga commercialisation
dagga industry

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