RE:RE:RE:Im liking the sounds of this :) $$$UniqueKitty wrote: VFF commented on the potential Tax Reforms as well.
Keep in mind that a Standing Committee recommendation bears only a promise of 'hope'.
Canada's 2024 Budget will be announced April 16, 2024. Only then will we know for certain what changes, if any, are actually taking place with respect to the Cannabis Excise Tax.
In the meantime I wouldn't be surprised to see LP SP's being systematically pushed down as a hedge prior to the news.
Far too many promises of political changes have collapsed in the past and it's only fitting that investors and the industry at large might be a little sceptical in this case.
Failing to change could wipeout the Canadian Cannabis industry all together.
If the Canadian Government wants the industry to survive and I'm assuming they do, then there is only one option in my opinion.
Will they get it right this time???
Who knows?
cheers
I would agree that both Tilray and Weed are 2 of the tier 1s the most at risk, as they have the most concerning debt resulting in the shortest runway. OGI has a much longer runway. Once/if we see tax reform I think you will see the black and grey market transition to legit. So yes the black.market will be reduced but the competition will remain until the market consolidation.