P.E.I. Loses Nearly $500k in First 6 Months of Cannabis Sales

The Prince Edward Island Cannabis Management Corporation lost $483,000 during its first six months of legal cannabis sales. But factoring in P.E.I.’s estimated $546,000 share of a new federal/provincial cannabis tax over the same period, the province managed to come out slightly ahead. According to figures provided by the P.E.I. Department of Finance, the province sold $6,957,000 worth of pot from the day sales began Oct. 17, 2018 through to the end of the fiscal…

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Author: Kerry Campbell, CBC News