The Prince Edward Island Hashish Administration Company misplaced $483,000 throughout its first six months of authorized cannabis gross sales.
However factoring in P.E.I.’s estimated $546,000 share of a brand new federal/provincial cannabis tax over the identical interval, the province managed to come back out barely forward.
In keeping with figures offered by the P.E.I. Division of Finance, the province bought $6,957,000 price of pot from the day gross sales started Oct. 17, 2018 by way of to the top of the fiscal yr on Mar. 31, 2019.
That left the Crown company in command of cannabis gross sales with a gross revenue of $1.eight million after product prices have been taken under consideration.
– Learn all the article at CBC Information.