CAN: Cannabis drives increase in agricultural income

Led by surging cannabis sales, farm cash receipts in the first half of the year bucked the general decline caused by the coronavirus.

Receipts of $16.7 billion increased 5.2 per cent over 2019, says the Statistics Canada report.

Without a 62 per cent increase — $685 million — in cannabis sales, farm cash receipts would have increased a mere .8 per cent.

Higher crop receipts of $1.3 billion helped offset a $629 million decline in livestock sales. The decrease was caused by market restrictions when COVID-19 broke out.

Read more at moosejawtoday.com


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© MMJDaily.com 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber