Canada’s legal cannabis industry is not getting any excise-tax relief from the Liberal government’s 2024 budget.
The budget comes shortly after two separate recommendations to the government proposing reform or review of the cannabis excise-tax structure – one from the House of Commons Standing Committee on Finance and the other from a legislative review of recreational marijuana legalization.
Although those recommendations might have raised some hopes within Canada’s legal marijuana sector, insiders told MJBizDaily that the odds of excise-tax reform in this year’s budget were uncertain.
Any remaining hopes for a tax cut were dashed when the budget was released late Tuesday afternoon.
Read the full article at MJBizDaily
