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Canada’s federal cannabis fees ‘make industry unsustainable, says Cannabis Council of Canada,

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MJ Biz reports

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 news conference in Ottawa.

“Everywhere you look, someone’s put up a fee or a regulatory barrier or burden that in the collective sense is making it impossible for our sector to make the progress that was expected and sustainable in the long run.”

He would like to see an easing in the regulatory fee, which currently charges standard cultivation licensees 2.3% of their annual gross revenue from cannabis, or 23,000 Canadian dollars ($17,200), whichever is higher.

“The budget presents an opportunity for the government of Canada to send a message about its commitment to the sustainability of our sector,” Smitherman said.

Read more at

https://mjbizdaily.com/canada-federal-cannabis-fees-make-industry-unsustainable-group-says/



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Pakistan National Assembly Recommends Amendments To Cannabis Control Bill – to regulate cultivation of cannabis plant, extraction, refining, manufacturing and sale of derivatives of the plant for medical and industrial use

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The Nation reports

ISLAMABAD  –  The National Assembly Standing Committee on Defence on Wednesday unanimously recommended amendments in ‘The Cannabis Control and Regulatory Authority Bill’ to make it in conformity with the Single Convention on Narcotics Drugs, 1961.

The third meeting of the standing committee was held at the Parliament House here under the chairmanship of Fateh Ullah Khan, MNA. On presentation of the bill, the committee was informed that Pakistan being a signatory to the Single Convention on Narcotics Drugs, 1961, was required to establish an agency of the government to regulate cultivation of cannabis plant, extraction, refining, manufacturing and sale of derivatives of the plant for medical and industrial use.

The committee was informed that the same was the reason behind introducing ‘The Cannabis Control and Regulatory Authority Bill, 2024’ in the National Assembly. After extensive debate, the committee while proposing certain amendments in ‘The Cannabis Control and Regulatory Authority Bill, 2024’ unanimously recommended that the National Assembly, on consideration of these amendments, may pass the said bill.

https://www.nation.com.pk/08-Aug-2024/na-body-recommends-amendments-in-cannabis-control-bill?utm_medium=email&_hsmi=93114992&utm_content=93114992&utm_source=hs_email



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Massachusetts: CCC Commissioners Bicker Over Who Takes The Chair

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The Massachusetts CCC descended into total chaos today, after a scheduled 10am meeting to discuss internal Commission governance started 30 or so minutes late and without the presence of acting CCC Chair Ava Concepcion.

Then, in shocking moments (depicted in the video below), the three remaining CCC Commissioners (Chair Shannon O’Brien is currently suspended) were unable to come to consensus as to who would serve as Chair in Concepction’s absence.

Commissioner Kimberly Roy, who was running the meeting, noted her previous disagreements with CCC legal counsel related to a Fall, 2023, delegation memo by O’Brien making Roy acting-Chair. CCC staff, shockingly, overrode that memo (however, it is quite likely that legal decision is under review by state oversight authorities).

A motion to make Commissioner Kimberly Roy failed 2-1, with Commissioner Nurys Camargo voting no, just minutes after Camargo made remarks about how much work there was to be done that day, and why the CCC needed to pick an acting chair quickly.

Camargo then turned down the opportunity to be acting Chair, and a motion to make Stebbins chair was voted down 2-1 (with Roy in opposition).

In turn, the CCC was forced to take a recess because they cannot move forward with today’s agenda in the absence of an agreement as to who will serve as acting chair.

I will have an update as soon as the CCC returns to session.



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Fitzcarraldo Eat Your Heart Out! … Authorities seize ‘narco-submarine’ in South American jungle, illegal drugs and chemicals worth $1.6 billion

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Werner has just been slain!!!

Authorities in Guyana have seized a semi-submersible vessel used in drug trafficking in one of the country’s jungles, Interpol said. The seizure was part of a broader operation to tackle drug trafficking and theft in more than two dozen countries, the law enforcement agency said.

Interpol said the homemade “narco submarine” The boat intercepted in Guyana could carry as much as 3 tons of cocaine at a time. The boat warned that smugglers in the region could send such semi-submarines down the rivers of South America, across the Atlantic Ocean and eventually arrive in Western Europe.

The “narco sub” was seized along with 615 tons of illegal drugs and 505 tons of precursor chemicals worth $1.6 billion, as well as 65 stolen cars, in 31 different countries, Interpol said. The international law enforcement agency coordinated the effort, dubbed Operation Lionfish Hurricane, between April and May in a bid to crack down on drug trafficking networks in South America, Africa and Europe.

According to Interpol, their operation led to 206 arrests. Authorities seized more than 56 tons of cocaine and 52 tons of other drugs, including marijuana, ketamine and tramadol, a prescription opioid that is strictly regulated in several countries due to its high potential for abuse and dependence. The United Nations has noted a sharp increase in the trafficking of tramadol in various parts of the world over the past decade.

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Authorities seize ‘narco-submarine’ in South American jungle, illegal drugs and chemicals worth $1.6 billion



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