Canada is working to define its future through the One Canadian Economy vision, but a growth engine that could anchor that future of our country is being overlooked.
A new report from the Canadian Chamber of Commerce's Business Data Lab and Moncton-based Organigram Global shows that in 2024 legal cannabis contributed $16 billion to GDP, generated nearly $29 billion in total output, supported over 227,000 jobs, and delivered $2.7 billion in farm cash receipts, making it New Brunswick's most valuable crop, even outpacing potatoes.
This fast-growing industry delivers billions in value, yet outdated policies continue to hold it back from reaching its full potential and maximizing the value it can add to the Canadian economy. Cannabis is not niche. With a $16 billion GDP contribution, it has become a significant part of Canada's economy. It is a coast-to-coast supply chain of growers, processors, manufacturers, transport companies, and retailers creating jobs and economic activity in urban centres, rural regions, and mid-sized communities alike,
In fact, the sector is already driving growth where Canada needs it most. Cultivation and processing facilities in smaller communities provide stable, good paying jobs. The industry is also building advanced manufacturing capabilities and transferable skills that benefit the broader agri-food and technology sectors.
Read more at National Newswatch
