Newstrike Brands Ltd NWKRF

Always something

[itsallgame]

The Financial Post reports in its Tuesday, Oct. 16, edition that a near-universal annoyance for licensed pot producers in advance of legalization is the need to paste government-issued excise stamps onto hundreds of thousands of cannabis packages prior to sale. The Post's Vanmala Subramaniam writes that a number of licensed producers told the Post the government-mandated excise stamps have thrown a wrench into an already complicated process. The stamps arrived late, they did not fit producers' package sizes and they had to be manually glued on in a way that seals the package, but also "does not interfere with the stamp's security features," or "obstruct any information" on the package, according to the Canada Revenue Agency. Newstrike Resources chief executive officer Jay Wilgar says, "We got in a whole bunch of stamps, but then we realized that it didn't fit on our cannabis packages, so we couldn't use those and then had to reorder more of a different size." According to Mr. Wilgar, the stamps arrived much later than expected, and his staff had to work overnight in order to meet a deadline for their first shipment to the Ontario Cannabis Store. He says, "It's the single biggest factor that slowed us down.