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Nov 2018 | High Priorities for 2019

CANNABIS AND MUNICIPAL BUDGETS: WHAT IS YOUR BASELINE?
RAYMOND CALLERY, THE TOWN OF GREATER NAPANEE

October 17, 2018 has passed and municipalities can no longer just talk about the impact of cannabis on their bottom line operating budgets; they now need to find ways to measure it. Over the next couple of years, the Federal and Provincial governments will begin to realize the actual size of the revenue stream that will be created from the cannabis industry. Medical and recreational sales of the plants and dry product will produce a portion of the sales and licencing revenues. A dramatic increase in those revenues could occur as edible products become available in a year; when drinks, restaurant meals, candy and baked goods all become part of the ever-expanding marketplace.

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