Canadian marijuana industry leaders are meeting this week in Ottawa, where they hope to impart an “urgent” message to federal lawmakers: Overtaxation is threatening the survivability of legal businesses, potentially putting the public-health objective of legalization at risk.
Marking the four-year anniversary of Canada ending marijuana prohibition, industry group Cannabis Council of Canada on Monday gathered business industry representatives to bring attention to their call for “urgent action to protect the public health, public safety, and job gains of cannabis legalization.”
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At the heart of the demand, the industry group says, is that the excise tax producers are required to pay is unfair because it was created for cannabis prices being much higher than they are today.
Canada’s excise duty imposed on producers’ dried cannabis is either 1 Canadian dollar per gram or 10% of the value of the gram, whichever is greater.
Different excise rules apply to
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