The hazy economy of cannabis...
The hazy economy of cannabis...
IN 2008, after decades advising national statistical agencies to count only legal market activity in their annual reports, international accountancy mavens at the United Nations Statistics Division—the global trendsetters who tell countries how to do their books—decided that the wages of sin ought to be included too.
That spawned a frenzy of number-crunching. By 2014, novel line items appeared in the accounts of most European Union countries, estimating the economic value of prostitution and illegal drugs. (It’s a work in progress. For example, in 2016, the UK clarified its books to reflect the fact that sex workers tend to conduct business forty weeks a year rather than fifty-two.) The United States, famously prim when it comes to certain kinds of sinning, does not count illegal activity in its national books. Nor does it count cannabis despite the fact that the substance is now legal in a raft of states.
Canada, too, excludes sex work and illegal drug activity from its spreadsheets. But, when Ottawa announced that it would be legalizing recreational cannabis in 2018 (the medicinal stuff had been legit since 2001), the country found itself needing to figure out just how much our basement toking was contributing to the national economy. So Statistics Canada, our most staid government agency, embarked on a nimble-footed, years-long quest to do the math of pot, complete with its own original taxonomy and an astonishingly tender amount of detail—a fervour that has gained plaudits from some of the UN’s select club of national accountants.
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