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Canada’s cannabis industry prays for tax reform in federal budget

Canada’s Liberal government unveils its 2024 budget on Tuesday, and the country’s cannabis industry wants one thing above all: relief from a heavy excise-tax burden.

Struggling Canadian cannabis companies have been asking for a tax cut for years now, without success.


However, the 2024 budget being released Tuesday afternoon comes soon after two recent developments that offered a shred of hope for tax reform.

In a February pre-budget report, the House of Commons Standing Committee on Finance recommended limiting the excise-tax rate to 10%.

Not long after, Canada’s long-awaited legislative review of recreational cannabis legalization recommended that the federal finance department “consider a review of the excise tax model.”

Tax cut in budget ‘very uncertain’

Regardless of those recommendations, industry insiders interviewed by

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