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[lou64]

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Canadian government hiking cannabis regulatory fees in April

By MJBizDaily Staff
February 26, 2024

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Be at the forefront of cannabis and psychedelics science and innovation. Register today & Save $200 on tickets to The Emerald Conference by MJBiz Science, April 1-3 in San Diego.

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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.

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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.

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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

[Vulcan]

From what you posted these are increases in application fees.. tlry likely has all these permits etc already established.. therby this would affect new permits etc... not a big deal

[lou64]

First off you dudes that pump go on and on about barking ??? How about EDUCATING yourselfs before replying to an honest post trying to convince others that it is meaningless ? These fees are  " ANNUALLY PAID " and NONE a of these company has been profitable under current circumstances as of date !!! Added levy fees are hurting Canadian LP's at the current rate but are

[Vulcan]

4.4 percent of a few thous even a 100 thous .  Big deal.. it's not going to cripple anyone.. post tomorrow about gas price increase of 3 cents ... we do have transportation  cost..  point is your reaching  for anything to be neg about..   heres a positive.  Temps have been at record highs this winter...  think of what we are saving for heating cost

[lou64]

IS there a Donkey in the audience ? Guess education 101 was NOT very high on the agenda ??? Diesel prices are leveled year over year expect for spike during pandemic So since Tilray is new to the game of transport ? Then YES IT WILL COST THEM MORE !!! duhhhhhhhhhhhhhhh Predicting Diesel Prices in 2024  There are many factors that go into what the average person pays at the pump for