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, yearslong 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.
Our groundbreaking methodology — which includes sifting through wastewater and poking through memories of pot prices paid sixty years ago — was the subject of a packed session at the international accountancy community’s biannual meeting in Copenhagen in 2018 and is seen as a potential model for other countries.
This story is from the July/August 2021 edition of The Walrus.
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This story is from the July/August 2021 edition of The Walrus.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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