US EditionThe economic roller-coaster of a small Ontario town fuelled by chocolate and cannabis
- Smiths Falls, Ontario experienced decline in population, tax base, and revenues before a recent economic boom. The town saw a 5% population growth and an 8% increase in median household income between 2016 and 2021.
- The legalization of recreational cannabis in 2018 brought economic benefits to the town after Canopy Growth Corp. Opened a facility there. However, the company recently laid off 800 employees and sold the factory.
- Despite the loss of Canopy Growth Corp., Smiths Falls has diversified its economy and is less dependent on a single employer. The town has seen growth in small businesses, population, housing, and municipal tax revenue.
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The economic roller-coaster of an Ontario town fuelled by chocolate and cannabis - Red Deer Advocate
A small eastern Ontario town that was once known as the province’s chocolate capital is preparing for the sweet return of Hershey’s. “It’s like an old friend coming home after being gone for 15 years,” said Smiths Falls Mayor Shawn Pankow. That return is the latest in a slew of changes around a facility that has been essential to the town’s identity and economic prosperity. For 45 years, Hershey’s operated a factory in the community of around 9…
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Leaning Left19Leaning Right0Center2Last UpdatedBias Distribution90% Left
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