This report provides a forecast of the economic parameters in the cannabis market, including the number of users, aggregate consumption and product prices. It also provides an overview of potential revenues that could arise from legal cannabis sales, based on existing and projected market data, as well as the government’s stated objectives.
PBO finds that most labour market indicators remain fairly close to their trend levels, except for average hours worked which is below trend. Our analysis suggests that, at the national level, the labour market is currently operating below its sustainable capacity as the demographic transition takes hold.
In response to the 4 February 2016 Standing Committee on Finance motion, this report provides PBO’s economic and fiscal outlook.