Société québécoise du cannabis

Société québécoise du cannabis
Company typeCrown Corporation
IndustryRetail
Founded2017
Headquarters7500, rue Tellier, Montreal, Quebec
ProductsRecreational cannabis products
OwnerGovernment of Quebec
ParentSociété des alcools du Québec
Websitewww.sqdc.ca

The Société québécoise du cannabis (SQDC; lit. Quebec Cannabis Corporation) is the Crown corporation which operates the legal monopoly on recreational cannabis sales in the Canadian province of Quebec. SQDC is incorporated as a subsidiary of the Société des alcools du Québec (SAQ). It was tabled in the National Assembly of Quebec on November 16, 2017, and was officially adopted on June 12, 2018.[1][2]

Financing

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Under the Act respecting the Société des alcools du Québec,[3] the SQDC's revenues from the sale of cannabis must be used for the following purposes:

  • The elimination of any deficit that the SQDC may incur;
  • The transfer to be made by the Minister of Finance each year to the Cannabis Prevention and Research Fund, and also the prevention of the use of psychoactive substances, as well as the fight against related harms.

See also

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References

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  1. ^ Plante, Caroline (12 June 2018). "Quebec passes long-awaited cannabis law". CTV Montreal. Retrieved 19 June 2018.
  2. ^ Laframboise, Kalina (16 November 2017). "Quebec government reveals details of marijuana bill". CBC News. Retrieved 13 July 2018.
  3. ^ Act Respecting the Société des Alcools du Québec. February 1, 2020.
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