Canadian cannabis executives are pleading with the federal government to offer relief to the fee and excise regime it imposes on the industry amid mounting job and financial losses.
The executives warned during a Wednesday news conference that without meaningful reform, more communities in Canada would face job losses such as those recently announced by Canopy Growth Corp. and others.
So far this year, Canadian cannabis producers have announced almost 1,000 job cuts, including:
800 employees by Canopy in Smiths Falls, Ontario. 85 jobs in Olds, Alberta, by Calgary-based producer and retailer SNDL. 40 positions by Ontario-headquartered Aleafia Health. 40 staff by Winnipeg, Manitoba-based Delta 9 Cannabis.
“We’ve seen in Smiths Falls, Ontario, and Olds, Alberta, the consequences of an administration of fees and taxes which makes our industry largely unsustainable,” George Smitherman, CEO of the industry group Cannabis Council of Canada, said during the
Read full article on Marijuana Business Daily