Feds ‘shooting themselves in the foot’ on cannabis excise tax as some producers choose illicit market over bankruptcy

📆 4/5/2023 12:53 PM
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Feds ‘shooting themselves in the foot’ on cannabis excise tax as some producers choose illicit market over bankruptcy By lefthandstu cdnpoli (subs)

Nearly five years after legalization, Canada's cannabis industry is struggling with the burden of an excise tax based on an 'idealized' valuation by

Health Canada, say advocates, forcing many businesses to choose between bankruptcy, selling government weed, or returning to the illicit market to turn a profit.

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