Canada’s legal cannabis industry is not getting any excise-tax relief from the Liberal government’s 2024 budget.
The budget comes shortly after two separate recommendations to the government proposing reform or review of the cannabis excise-tax structure – one from the House of Commons Standing Committee on Finance and the other from a legislative review of recreational marijuana legalization.
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Although those recommendations might have raised some hopes within Canada’s legal marijuana sector, insiders told MJBizDaily that the odds of excise-tax reform in this year’s budget were uncertain.
Any remaining hopes for a tax cut were dashed when the budget was released late Tuesday afternoon.
‘Missed opportunity’
The 430-page primary budget document mentions the word “cannabis” only once, as part of a government plan to
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