Federal cannabis review panel recommends examining Canada's excise taxes on pot companies, considering adjustments based on THC content.
A federal cannabis review panel has recommended examining Canada's excise taxes on pot companies, stating that the current tax burden was designed when dried cannabis prices were significantly higher than today. The panel's report outlined 54 recommendations, including a possible model to increase excise taxes on products with high quantities of tetrahydrocannabinol (THC), cannabis's psychoactive component, and lower fees on those with smaller amounts. The review panel positions this change as a means to shift consumer preferences away from high-THC products.
March 21, 2024
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