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Tuesday, December 3, 2024
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Feds ‘shooting themselves in the foot’ on cannabis excise tax as some producers choose illicit market over bankruptcy

Cannabis marketing CEO Lisa Campbell says she expects more than half of the existing licensed producers and retailers will fold in a year, well before ISED's strategy table consultations conclude.

Nearly five years after legalization, Canada's cannabis industry is struggling with the burden of an excise tax based on an 'idealized' valuation by Health Canada, say advocates, forcing many businesses to choose between bankruptcy, selling government weed, or returning to the illicit market to turn a profit. The Hill Times file photograph
News
BY STUART BENSON
April 5, 2023
News | BY STUART BENSON | April 5, 2023

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Feds puffed past opportunity for cannabis reform in budget

OpinionBY EDITORIAL

Tax and regulation combine to crush cannabis innovation and jobs

OpinionBY GEORGE SMITHERMAN

Governments are nipping the cannabis industry in the bud

OpinionBY ANDREW CADDELL

Cannabis beverages in Canada: the glass is not even half full

OpinionBY GEORGE SMITHERMAN

Industry looks to hash out new regulations on cannabis beverages

NewsBY AIDAN CHAMANDY
Demonstrators gather for a 4/20 rally on Parliament Hill on April 20, 2018. The Hill Times photograph by Andrew Meade

Feds puffed past opportunity for cannabis reform in budget

OpinionBY EDITORIAL

Feds puffed past opportunity for cannabis reform in budget

OpinionBY EDITORIAL
Finance Minister Chrystia Freeland has a chance to change the tax and regulatory structure conceived for cannabis that has made it nearly impossible for any company of any size to have a consistently positive cash flow, writes George Smitherman. The Hill Times photograph by Andrew Meade

Tax and regulation combine to crush cannabis innovation and jobs

OpinionBY GEORGE SMITHERMAN
  • The illicit market is really the big winner when legal cannabis companies fall by the wayside with no pathway to profitability and no platform to offer innovative cannabis products to consumers.

Tax and regulation combine to crush cannabis innovation and jobs

OpinionBY GEORGE SMITHERMAN
  • The illicit market is really the big winner when legal cannabis companies fall by the wayside with no pathway to profitability and no platform to offer innovative cannabis products to consumers.
As with so many other times government has been involved in trying to regulate an industry in the ‘public good,’ it failed to take into account the problems that might arise from the legalization of cannabis, writes Andrew Caddell. Unsplash photograph by David Gabrić

Governments are nipping the cannabis industry in the bud

OpinionBY ANDREW CADDELL

Governments are nipping the cannabis industry in the bud

OpinionBY ANDREW CADDELL
The weight limits placed on the amount of legal cannabis beverages a person can purchase represents a lost opportunity, including the ability to promote the responsible consumption of cannabis products, writes George Smitherman, president of the Cannabis Council of Canada. Photograph courtesy of Canopy Growth Company

Cannabis beverages in Canada: the glass is not even half full

OpinionBY GEORGE SMITHERMAN

Cannabis beverages in Canada: the glass is not even half full

OpinionBY GEORGE SMITHERMAN
Parliament Hill is pictured during the 2017 4/20 gathering. Cannabis-infused edibles were legalized on Oct. 17, 2019, and are the second-most popular method of ingesting cannabis, with just under half of users reporting having taken edibles in the past year, according to the 2019 Canadian Cannabis Survey. The Hill Times file photograph

Industry looks to hash out new regulations on cannabis beverages

NewsBY AIDAN CHAMANDY

Industry looks to hash out new regulations on cannabis beverages

NewsBY AIDAN CHAMANDY

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