Ontario said its government-owned cannabis business lost $42 million in the last fiscal year, while the province collected barely half the amount of excise taxes it estimated it would generate, in the latest symptoms of a shaky start to legalizing recreational pot in Canada’s most populous province.
The Ontario Cannabis Retail Corporation, a crown corporation that operates the Ontario Cannabis Store’s online retail business and sells wholesale cannabis to the province’s private retail stores, generated $64 million in the fiscal 2018-2019 year, according to public accounts released on Friday.
However, expenses at the OCRC ballooned to $106 million in the twelve months ending Mar. 31, up from $6 million in fiscal 2017-2018 when the government commenced operations of its cannabis business.
I guess Bill Blair ain’t making money now.. hopefully his investment will get flushed…
Never heard of a dealer losing money on pot sales….
Who stole it, man?
That is exactly what we expected when Government employees are involved.
yeah mon dis shit ain’t good …
Dem wrong guys in charge what?
.
I remember… Cheech toking on a foot long joint … going cross-eyed… chong explaining his dog ate his stash, followed it for 2 days and got it back …. ewww!
All their albums are here. Class, Class this is Sargent Stadenko!
Stacy Keach … wasn’t he inadvertently high on something ?
It would have been gone forever except for one time use plastic bags. Thank you fossil fuel and petro-chemical industries.
My favorite is when they get pulled over after that joint . “Can i see your licence sir ? ” “aint it on the back of the car ?”
huh, really? the movie was really effective when you were kinda high… for me after 1/2 dozen shots of rum and coca-cola … everything was funny …
Even sober those guys are hilarious .
yeah …
Ross, have you ever smoked marijuana?
tried once, 1968 … prefer rum and coca-cola. One toke of hash got me off tho …
Well your Cheech and Chong gif is so far of the mark. Just stereotypical of those that haven’t really got a clue about pot… other than what they have been told.
good morning to you …. the giff need not be historically accurate, it just related to the story headline …