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Tuesday, November 19, 2024
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Cannabis industry seeks change as part of profits go up in smoke under outdated tax regime: stakeholders

Switching to a flat-rate tax or a standardized excise stamp would help the industry ‘overnight,’ according to the Cannabis Council of Canada's Paul McCarthy.

Between 2020 and 2023, the number of companies owing excise debt increased from 68 to 213, accounting for a threefold increase in outstanding debt from $52.4-million to $192.7-million. The Hill Times file photograph
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October 2, 2024
News | BY STUART BENSON | October 2, 2024

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