Canada’s federal government collected more excise tax revenue from cannabis than it did from beer and wine for the first time last year.
That comes as a parliamentary committee is recommending the government ease up on the cannabis tax.
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In the 2022-23 fiscal year ended March 31, the federal government received 610.1 million Canadian dollars ($501 million) from excise duties applied to beer.
According to the country’s Public Accounts, which provides detail on the government’s financial operations, in the same fiscal year, excise from other products was:
CA$277.6 million from wine. CA$204.4 million from manufactured tobacco.
Federal excise duties from cannabis that year, meanwhile, amounted to approximately CA$894.6 million, of which CA$667.6 million was transferred to provincial and territorial coffers.
That
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