4 ms·

That's a convenient excuse, but I don't recall Colorado losing $100 million in their first year of operations as the first legal market for cannabis anywhere:

• Rebelgecko 7y ago
  That link only includes revenue, not expenses. I'm sure Ontario has a similar graph showing their sales tax income.
• slavik81 7y ago
  You're comparing one state's revenues to another's costs as if they were the same thing. That doesn't make sense. In fact, even if you compared to the $42M net loss in the article, it would still be a mistake. Your reference is for tax revenues, but the Ontario accounting excludes tax revenues. StatsCanada states that provincial marijuana excise taxes totaled $79M in this period, though it doesn't break it down by province. https://www150.statcan.gc.ca/n1/daily-quotidien/190619/t001e-eng.htm#fn02 https://www150.statcan.gc.ca/n1/daily-quotidien/190619/t001e...
• UncleEntity 7y ago
  > That's a convenient excuse, but I don't recall Colorado losing $100 million in their first year of operations as the first legal market for cannabis anywhere: I don't think The State of Colorado sells people the pot but a bunch of private businesses who all have individual profit/loss experiences. If one corporation was granted a monopoly then you'd have a valid comparison.
  • Scoundreller 7y ago
    But that is the complaint: Ontario decided to go with tight control over wholesaling and retail sales, instead of letting just about anyone set up a retail store and using high taxes to make money.