As British Columbia expands the number of both private and public marijuana stores, tax recollection keeps growing.
In December, the province experienced an all-time high cannabis tax revenue since legalization in 2018. It reached CA$2.5 million (US$1.8 million). That's a 44% increase compared with the previous month, almost doubling November's tax collection from the cannabis industry.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Between October and December of 2019, 80 new cannabis stores were inaugurated, and between January and May — of the current year — over 100 more.
At the moment, the province does not have a tax distribution system, the Union of B.C. Municipalities (UBCM) believes it would provide an incentive for regulated cannabis companies, and calls on the province to formalize a deal.
“Results from UBCM’s survey clearly demonstrate that local governments are incurring substantial incremental costs associated with legalization,” the group said last year.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.