Simon's Explanations
Simon said one of the biggest factors impacting the profitability of its Canadian cannabis operation is the existence of excise taxes charged by the federal government. “In Canada, we’ve got a marketplace there where we’ve got really high excise tax. We pay a dollar (per) gram. The most profitable cannabis company today is the Canadian government,” he said. “That’s one of the biggest problems in the Canadian market today, it’s how you can make money there because of the cost of excise tax.”
Isn't beer / wine / liquor / cigarettes / cigars also taxed in a similar manner?
Who thinks the Conservative Party will cut this excise tax if they win a majority government?
As of today, Tilray cannot legally sell cannabis in the U.S., Simon noted.
Anyone think Trump / his supporters / staff members of his Administration will be in favor of legalizing cannabis at the federal level and allowing cannabis products to be imported into the United States?