A new report from Deloitte Canada estimates that the cannabis industry has added more than $43 billion to Canada’s GDP since 2018.
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The report, which takes into account direct, indirect, and induced economic activity from Oct. 2018 to Oct. 2021, also estimates the industry has created 151,000 jobs nationally.
In Ontario, the cannabis sector added $13.3 billion to the provincial GDP over the same period and 48,000 jobs.
The report found that “for every dollar of revenue or capital expenditure, the industry adds approximately $1.09 to Canada’s GDP and $1.02 to Ontario’s GDP.”
The report estimates that the cannabis industry has supported $15.1 billion in
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