Ontario Cannabis Stores, the province's pot supplier, charges a 31% mark-up to retailers.
The province of Ontario made more than a half a billion dollars from the cannabis industry in the last fiscal year, according to public accounts released by the government on Friday.
But that $520 million is coming at least partially at the expense of struggling local retailers, according to Michael Armstrong, a business professor at Brock University in St. Catharines, Ont.
"About 56 cents of every dollar you spend at a cannabis store goes to the businesses, the retailers and producers," Armstrong told CBC Toronto.
"The other 44 cents is going to government in one way or another," he added.
(Originally posted by Cannabis News)
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