My reaction anytime a politician tells me how much they do to help the cannabis industry, when I know what they are really doing. #itkyk
If you want to kill the fentanyl problem, might I suggest an excise tax? Works on cannabis producers.
Excluding legal cannabis from inter-provincial trade discussions allows more 💰💰to flow to the illicit market that could easily be a legal sale that helps all of us, regardless of of your stance on the plant.
That’s it. That’s the post.
Holy crap. New amendments coming to the Canadian Cannabis regulations. Being published on March 12. These were the ones about removing regulatory and administrative burdens affecting LPs. This is what happens when our industry speaks up and works with staffers. 👍
I don’t think the 🇨🇦 cannabis industry realizes that they can easily be left out of interprovincial trade reform if they don’t unify and start pressing to be at the table.
Then, when Ontario folks visit they call them both “Daloozy” because of Port Dalhousie.
I’m excited to see if our politicians’ apathy towards cannabis is greater than its love for Canada’s economy.
Largest cannabis exporter in the world.
Tens of billions added to our domestic economy.
Shrinking illicit market.
All this despite roadblocks from government at every step.
Or a Broken Social Scene album?
Who’s the LP, Doug? Looks good but don’t know who is packing the Atlantic Hash Co stuff and I haven’t seen any.
Attending a meeting between Health Canada and the cannabis industry today. I’ll try to provide updates as we go.
Cannara Biotech just posted some banging Q1 financials worthy of their bragging.
They are a top-notch, well-run company, but the Quebec power costs help when you have one of the largest indoor cultivation footprints in 🇨🇦
$0.05/kW in electricity compared to the $0.15/kW we paid here in NB. Huge.
This is the story from coast-to-coast. Provinces taking the lions share of revenue from producers, giving customers one more reason to go back to the illicit market. Enjoy the ill-gotten profits now while you have them.
I had the chance to speak with @poitrasj.bsky.social last week about the Canadian cannabis industry and what’s really going on.
Shared our story from Crystal Cure to try and show how badly reform is needed.
Another day, another generic response from the feds. There’s literally nothing yet. The things they’ve announced in past years are meaningless. Shame shame.
It’s funny how quickly the cannabis stigma goes away when it’s time for provincial governments to announce profits or receive loads of excise tax they shouldn’t be getting?
And then comes back stronger?
Funny how? Like we are clowns? Like we amuse you? 🤡
Unfortunately, it’s a microcosm for the entire thing we’re talking about. A lot of the regulations, over taxation and control of the market affects small producers the most. And they’re the ones that are producing the stuff that people could really benefit from trying. Or at least more choice.
Reminds of selling 3L boxes of cheap white wine while as a somm., studying for my Level 4 diploma in wine and spirits.
Stay solid friend. One joint at a time is still moving the needle in the right direction.
Tilray CEO expects US to be canna friendly.
I think Canada should REALLY show them (ha!) by being proactive to make the industry more friendly to the businesses making it happen despite the treatment from gov.
Zero hangover solution for all. 👍
Could a new Conservative government in Canada could address cannabis industry concerns? stratcann.com/news/governm...
Oh boy. What’s he saying??
Fix the Environment and Watch it Bloom...
If the Canadian #cannabis industry is interested in its long term future, the time is now to put resources into creating a whitepaper to educate any incoming government what a prosperous future looks like.
“Babe wake up, ATIP search results just dropped and I want this one.” It’s the sequel to the original briefing on distress 3 weeks prior which was 🤯.
Talking Heads already in the background was perfect.
More to come!! 👍
Btw, this is a great summary for anyone wanting the Cole’s notes on excise tax in 🇨🇦 cannabis.
www.covasoftware.com/blog/how-can....
Last week a company in AB reported 47% effective excise rate on a product.
Imagine. ½ of your REVENUE for that product gone to excise alone. You still have pay for everything else from that 43%, including more tax.
Coincidentally, 47% is just about the rate for the highest income earners.
🇨🇦 Government way over-staffed.
🌱 Industry way over-taxed.
🌱 Industry way over-regulated.
✂️ Cut the red-tape and tax that allows illicit market to remain and cripples LPs.
💸 Allows for gov cuts, i.e CRA (less excise debt)
💪 Legal market strengthens.
🧪 More innovation.
Economy fck’n loves it. 💚
You can call me a lot of things, but not closed-minded.
Watching this to learn. And to see how many of PP’s soundbytes will apply to the cannabis industry if he gets in.
Discussing hard-working folks being punished for doing the right thing (licensed producers), economic stimulus (🌱) and more.
In the finance committee meetings leading up to legalization, the conservatives certainly didn’t speak up in favour of eliminating the excise tax on medical. It was more so the NDP.
The conservatives, mostly Dan Albas in BC, is very vocal about the impact of high excise - but on booze. Shame.
Agreed!!
Ahhh yes, that’s what people keep saying. But there are many ways to skin a cat! Especially with all the extra agreements and regulations gov put in place for cannabis that folks have overlooked. More to come on this! 👍
