Ontario Projected To Hit $155 Million In Cannabis Profits This Fiscal Year

Just last month, the province welcomed its 1000th cannabis store.

Things are looking up for Ontario’s cannabis business, with figures from the provincial economic statement this week indicating profit could balloon to $155 million in 2021-2022 compared to $67 million in the previous fiscal year.

While recreational cannabis became legal in October of 2018, the Ontario Cannabis Retail Corporation (OCRC) didn’t see a profit, amounting to $19 million, until 2019-2020, BNN Bloomberg reports.

– Read the entire article at The Province.

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