MAJOR CATALYST !!! REVIEW OF EXCISE TAX ! Cannabis business leaders are calling on the federal government to make an urgent review of the excise tax laws applied to their industry, saying the flat-fee tax structure is detrimental as cannabis prices decline.
They say the tax structure reflects assumptions about the industry made before legalization that have now been proven wrong. The key assumption relates to the price of cannabis per gram, which had been expected to sell for around $10. The excise tax for dried cannabis was set as either 10 per cent or a $1 flat fee per gram – whichever amount was highe