A group convened by the federal government to study the act that legalized cannabis is recommending the country review the excise taxes it charges pot companies. A group convened by the federal government to study the legislation that made cannabis legal is recommending the country review one of the industry's biggest gripes: excise taxes charged to pot producers.
Many of the industry's biggest players, including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Brands Inc., have spent the last five years laying off workers, closing facilities and grappling with balance sheets that reflect a challenging market and a slow crawl toward profitability. He named as priorities a review of the excise tax and another to study whether it should be applied to medical products.
It also advocated for Health Canada to develop a "standard dose," which companies could use to help convey the amount of a product that should be consumed at one time. The panel said the industry felt raising the limit would help it squeeze out illicit sellers with products containing higher THC amounts and prices for edibles that can be up to 90 per cent lower than legal counterparts.Public health stakeholders, on the other hand, supported maintaining the current limit because they saw a rise in unintentional cannabis poisonings among children since legalization and were concerned the severity of these incidents would only climb with a greater THC threshold.
The government was late to launch the panel's review of the Cannabis Act, which was due to begin around the three-year anniversary of legalization but was pushed back when the COVID-19 pandemic materialized. Eric Roberts is back in his Saanich home, creating the pottery he loves, after an ordeal at Victoria General Hospital a couple weeks ago in which he spent nine days in the hallway getting treated for delirium and other complications from infections.Prosecutors have decided not to charge a Vancouver police officer involved in a 2022 arrest that left a man seriously injured in the city's Downtown Eastside.
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