November 9, 2024

Cannabis & Marijuana news

Coverage of medical marijuana and cannabis news, insights, lifestyle, laws, growing guides and more!

No Cannabis Excise Tax Reform in 2024 Canadian Budget


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





Source link