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Legalising cannabis reduced the use of cash in Canada | LSE Business Review

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The movements in cash in circulation around the time of cannabis legalisation would seem to provide early evidence to suggest that Canadian Prime Minister Trudeau’s policy has already been successful in crimping the black economy. The fall in currency in circulation of C$1.2 billion in October was broadly in line with Statistics Canada’s estimate of likely legal spending on cannabis by consumers in 4Q.

From Legalising cannabis reduced the use of cash in Canada | LSE Business Review.

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