Cannabis Producers Say ‘Crushing’ Taxes, Fees Have Made Legal Industry ‘Uneconomic’

By Anja Karadeglija, National Post on February 17, 2023

Producers want the Liberal government to eliminate a 2.3 per cent regulatory fee, which alcohol and tobacco industries don’t have to pay.

Onerous taxes and regulatory fees have made Canada’s legal cannabis sector unsustainable, industry representatives said Wednesday as they urged the Liberal government to make changes in the upcoming federal budget.

“Most of our most of our top line goes right to the government and it’s making it uneconomic for businesses to continue,” said Margaret Brodie, acting CEO of Rubicon Organics, at a press conference on Parliament Hill organized by the Cannabis Council of Canada, which represents licensed producers and processors.

– Read the entire article at National Post.