Tilray Brands - proposed excise tax
Canopy Growth @CanopyGrowth 24m ago
"The House of Commons Standing Committee on Finance recently proposed adjusting the excise-duty formula for cannabis in Canada to limit it to a 10% rate of the value of a transaction and respect the original intent of the Cannabis Act. Currently, the duty imposed on dried cannabis is either $1 per gram or 10% of the value, whichever is greater, which can sometimes amount to upward of 30% of cannabis revenue."