With thousands of job losses since marijuana's legalization in 2018, cannabis companies large and small closing their doors due to an increasingly burdensome tax regime, and growing levels of unpaid federal debt, cannabis stakeholders say without urgent action, there may soon no longer be an industry to tax.
Organigram CEO Beena Goldenberg says while her company is fortunate to have enough funding to remain up to date on its tax payments, it's still struggling to compete as more consumers return to the illicit market. Photograph courtesy of Beena Goldenberg In the 2022 budget, the federal government introduced a measure to allow smaller licensed producers to pay their excise duties quarterly.
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