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Data Note: Canada - Cannabis industry
Tuesday, 05 Mar 2019 17:20 ET
By Keith Golden
Summary
March 2019 -- The Canadian System of National Accounts has added detail for the production and sale of cannabis, and has revised GDP figures from 1961. This impacts several Data Buffet releases.
Detail

On 7 December 2018, the source wrote (citation):

On April 13, 2017, the Government of Canada tabled legislation in the House of Commons to legalize, regulate and restrict access to cannabis for non-medical purposes.

[...]

With the approval of Bill C-45, a significant portion of cannabis production and consumption is moving from the illegal to the legal market. This now-legal activity is "in scope" for inclusion in Canada's estimates of gross domestic product just like other legal economic activities. This shift of non-medical cannabis from illegal to legal status has the potential to introduce a time series break in Canada's estimates of gross domestic product. To avoid this break, Statistics Canada will integrate both the legal and illegal production of cannabis into its official estimates of gross domestic product. Moreover, the agency will revise historical estimates of gross domestic product to include estimates of the production and consumption of illegal cannabis. These updates, for both the current and previous periods, will be released with the fourth quarter 2018 estimates of gross domestic product.

The scope of the "all industries" aggregate has been expanded to include cannabis.

These industrial branches and aggregates are new:

  • all industries excl. cannabis sector
  • all industries excl. unlicensed cannabis sector
  • cannabis sector
  • cannabis sector licensed
  • cannabis sector unlicensed
  • crop production excl. cannabis
  • crop production of cannabis
  • crop production of cannabis licensed
  • crop production of cannabis unlicensed
  • total retail excl. unlicensed cannabis
  • sales at miscellaneous store retailers excl. cannabis
  • sales at miscellaneous store retailers of cannabis
  • sales at miscellaneous store retailers of cannabis licensed
  • sales at miscellaneous store retailers of cannabis unlicensed

References

Other
Related ReleaseCanadian Economic Accounts (GDP)(CANSIM)
SourceStatistics Canada
FrequencyQuarterly
GeographyCanada
Catalog
Upcoming
Release DateReference date
28 Feb 20204Q 2019
Related ReleaseGross Domestic Product by Industry - Monthly (CANSIM)
SourceStatistics Canada
FrequencyMonthly
GeographyCanada
Catalog
Upcoming
Release DateReference date
23 Dec 2019Oct 2019
31 Jan 2020Nov 2019
28 Feb 2020Dec 2019