MONTRÉAL, June 10, 2026 /CNW/ -- For the fiscal year ending March 28, 2026, the Société québécoise du cannabis (SQDC) recorded total sales of $809.5 million, compared with $741.5 million the previous year, and a net income of $132.4 million, compared with $118.1 million in 2024-2025. This is in addition to tax revenues generated from its operations in the form of consumption and excise taxes, estimated at $278.8 million ($198.9 million paid to Quebec and $79.9 million to the federal government). The SQDC’s total contribution to the Quebec government therefore amounts to $331.3 million.
The $132.4 million dividend, as well as the Quebec portion of the excise tax, are paid in full to Quebec’s Minister of Finance. As a result, $250.6 million is paid into the Fonds de lutte contre les dépendances, which is intended in particular for cannabis prevention and research, as well as efforts to address the harms associated with the use of psychoactive substances.
Since the start of its operations in 2018, the SQDC has surpassed the two-billion-dollar mark in payments made to governments, generating $2,039.3 million in total financial returns. In accordance with the law, all cannabis sold by the SQDC is grown in Canada.
Always guided by its mission to ensure the sale of cannabis from a health protection perspective, the SQDC has made significant efforts to encourage consumers to migrate toward the legal and regulated market and to remain a trusted destination for cannabis purchases in Quebec.
The 2025-2026 fiscal year marks the final year of its 2024-2026 Strategic Plan. In this context, the SQDC focused its efforts on fulfilling its planned commitments while preparing the transition to its next strategic planning cycle. Highlights of the year include the responsible commercialization of cannabis vaping products, launched in November 2025, and the revision of opening hours to better reflect purchasing habits. It also carried out initiatives aimed at improving operational efficiency and evolving its organizational practices, helping maintain a net expense-to-sales ratio of 16.9%, stable compared with the previous fiscal year.
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