4 ms·

Strange how Québec's SQDC seems profitable...

• neom 7y ago
  Crown corporations tend to do pretty well. LCBO provided $2.12 billion in dividends to the Ontario government FY1718. That said, LCBO was established in 1927.
  • noarchy 7y ago
    It is probably worth mentioning that these particular crown corps are also monopolies. They have no competition in hard liquor, and depending on details, maybe even beer or wine (depends on the province). Some provinces have also set up monopolies for cannabis retail.
    • deleted 7y ago
      [deleted]
    • Scoundreller 7y ago
      There's different ways of setting up these monopolies. In ON, the province has a monopoly on distribution and retail sales of liquor. In Alberta, the province has a monopoly on distribution, but lets (almost) anyone set up their own liquor store. So the government can still get the benefits of high prices, but without spending money on an expensive retail network. Ontario is (sorta) going with the Alberta model for cannabis, but being slow and inefficient on private retail licenses.
• wolco 7y ago
  profitable and useful are two different things.