RE:20% tax incoming on vapes in BC Imo, this quote from the article is extremely relevant and important.
"The B.C. government says it will introduce legislation to increase the sales tax this month.The new rate will take effect Jan. 1, 2020, pending a public comment period and legislative approval."
The will of the people should never be underestimated! I really can't see the BC government being so short sighted that they would shoot themselves in the foot with such foolish legislation. One of the barriers to success in this industry is the government mindset that lumps tobacco and cannabis in the same "sin" tax category. Is it in the public's interest that they propose the tax? Imo, NO, it is in the interest of the government coffers. Somewhat hypocritical on their part. Rise up British Columbians and protest this ridiculous proposal!
glta
watchmeplz wrote: Imo, retain your capital ppl, let's not be silly here.
Incoming additional 20% on vapes in BC!
https://mjbizdaily.com/british-columbia-to-apply-20-tax-on-cannabis-vape-products/
Oh by the way that 55/mil that has been drawn down is costing everyone right around 275,000+ a month (yes I know, that's like pay for an entire team of employees) in interest/charges and is secured by the whole 7 acres facility, means absolutely nothing left for anyone when the repo man comes let alone a chance for profit.