Cannabis Council of Canada/Conseil du cannabis canadien
Occurred:
2025-01-28
Details Regarding the Identified Subject Matter
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Subject matters
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Details
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Economic Development, Federal-Provincial Relations, Internal Trade, Science and Technology, Small Business, Taxation and Finance
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CRA Excise stamp logistics and placement on adult consumer use cannabis products and co packing supply chain realities that run up against the Excise Tax Act.
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Budget, Consumer Issues, Economic Development, Federal-Provincial Relations, Internal Trade, Small Business, Taxation and Finance
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Excise Tax Framework on Cannabis products was fashioned on a premise of $ 1 in $ 10 as tax whereas in practical reality the tax is far more aggressive than planned, often coming in at or nearly 3 times higher at 30 %. This is severely compressing the financial viability of many licensed producers and processors, while keeping product prices high in comparison to competition in the legacy, illicit marketplace.
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