Canopy Growth Corp T.WEED

Sin Tax

[Oldweed]

At 1st report it looks like the sin tax on smoking products such as vapes are going up from 10% - 12%, not sure how this will translate with the current excise tax with LPs but it does not appear like the government is looking at reducing it?

[Oldweed]

Actually, listening to Kliens recent interview (9-10min mark) he wished the original excise tax be repsected and the flat fee dropped, so the new proposed 12% on vapes etc looks like he will get what they want in regards to the flat fee being dropped and a small increase in the percentage model. Of course the devil is always in the details, so we will see more later! https://www.bnnbloomberg.ca

[Oldweed]

Canopy Growth Corp. CEO David Klein said in an emailed statement that the Ontario-based company was “disappointed that the Canadian government missed the opportunity to address the flawed excise tax regime in today’s budget.” “This oversight signals a lack of commitment to the legal cannabis industry as well as the jobs and economic growth we create,” Klein wrote. “The failure to correct this