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Tilray Brands Inc TLRY

Alternate Symbol(s):  T.TLRY

Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company. The Company operates through four segments: Cannabis operations, Distribution business, Beverage alcohol business and Wellness business. The Cannabis operations, which encompasses the production, distribution, sale, co-manufacturing and advisory services of both medical and adult-use cannabis. The Beverage alcohol operations, which encompasses the production, marketing and sale of beverage alcohol products. The Distribution operations, which encompasses the purchase and resale of pharmaceuticals products to customers. The Wellness products, which encompasses hemp foods and cannabidiol (CBD) products. The Company offers a portfolio of adult-use brands and products and expands its portfolio to include new cannabis products and formats. Its brands include Good Supply, RIFF, Broken Coast, Solei, Canaca, HEXO, Redecan, Original Stash, Hop Valley, Revolver, Bake Sale, XMG, Mollo, and others.


NDAQ:TLRY - Post by User

Post by lou64on Feb 26, 2024 4:14pm
180 Views
Post# 35899996

How to make less in Canadian weed space

How to make less in Canadian weed space APRIL FOOLS

Canadian government hiking cannabis regulatory fees in April

 

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The Canadian government is increasing eight regulatory fees levied on the regulated cannabis industry beginning April 1.

The fee increases are in line with Canada’s official inflation rate of 4.4% over the 12 months leading to April 2023, according to details published in the official Canada Gazette.

The new fees will be:

  • Micro-cultivation license application screening: 1,969 Canadian dollars ($1,457).
  • Standard cultivation license application screening: CA$3,933.
  • Nursery license application screening: CA$1,969.
  • Micro-processing application screening: CA$1,969.
  • Standard processing application screening: CA$3,933.
  • Medical cannabis sales license application screening: CA$3,933.
  • Security clearance application: CA$1,987.
  • Import or export permit application: CA$734.

The Canadian government also levies a separate annual regulatory fee on cannabis operators of a flat fee or a percentage of gross revenue, whichever is higher.

The fees are meant to help offset the government’s costs for regulating Canada’s legal cannabis industry.

However, the fees sometimes go unpaid by struggling cannabis operators.

For the 2022-23 fiscal year, CA$3.9 million in cannabis regulatory fees had not been paid, an increase of 225% over the previous year


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