2024 Canada budget does not include excise tax relief for cannabis industry, disappointing stakeholders.
Canada's 2024 budget does not include excise tax relief for the cannabis industry, disappointing stakeholders who hoped for a positive impact on the struggling sector. The House of Commons Standing Committee on Finance had recommended limiting the excise tax rate to 10%, but the budget document makes no mention of cannabis-specific tax changes. The lack of support has raised concerns over the industry's ability to compete with the illicit market.
April 17, 2024
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