REPORT ABUSIVE REPLY
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Message Subject
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Canadian Government Moves To Increase Taxes On Cannabis Products
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Poster Handle
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Mr. Canna |
Post Content
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My views on the Fed Gov not getting enough taxes for the past 2 quarters.
1. Supply issues - HC (Health Canada) has a stack of licenses in various stages of review but don't have the organization or manpower (wups, peoplepower...lol) to complete them in a timely manner. Hence, that leads to large producers continually waiting for their licenses to build/grow/process/sell.
2. Retail Stores - Alberta is the only Province that did it right...they provided retail licenses to the private market. Ontario would have kicked A$$ if the liberal gov there (at the time of the new legislation) wanted to control the entire market through their OCS (Ontario Cannabis Stores) and their online portal.
Since the new Conservatives are in now, they are starting to open that market up but as of today, only 25 licenses have been given (via lottery) and they are supposed to open their stores on April 1. In other eastern provinces there are a few stores per province yet some of them have already laid off, reduced employee hours or even store hours due to the lack of supply.
3. International Markets - the current BIG players in the Canadian Cannabis industry understand the tax burdens very well and they are in business to make money. Why sell your product to the gov at i.e. $5/gr wholesale when you can get 7-10/gr wholesale in the international markets. So the BIG guys limit their supply to the Canadian market.
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