List of Details
Subject matter
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Detail
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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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