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Canadian government’s cannabis duty surpasses CA$1 billion since 2018

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The Canadian federal government has assessed more than 1 billion Canadian dollars ($740 million) in total duty on cannabis products since they were legalized for recreational use in 2018, according to federal data.

The milestone comes as executives hope the government offers relief on the fee and excise regime it imposes on the industry amid mounting job and financial loses.

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According to the Canada Revenue Agency (CRA), the federal government assessed approximately CA$862.3 million in total duty on cannabis products between the 2018-19 and 2020-21 fiscal years, most of which has been shared with provinces and territories.

The CRA has yet to publish comparable figures for the 2021-22 financial year.

But the most recent public accounts, which details the government’s expenses and revenues, shows the federal government received revenue from the cannabis levy worth CA$160.2 million that year, bringing total duty since 2018 to a minimum

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Trudeau’s departure is a turning point for Canada’s cannabis industry

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(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Deepak Anand (Courtesy photo)

As Canada’s cannabis industry stands at a pivotal crossroads, the impending departure of Prime Minister Justin Trudeau marks the end of an era that reshaped Canada’s relationship with the plant.

Trudeau’s bold decision to legalize recreational cannabis in 2018 not only transformed the nation’s social and economic landscape but also established it as a global pioneer in marijuana reform: Canada remains the only G7 nation to have federally legalized the plant both for medical and adult-use purposes.

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The impact of cannabis legalization on Trudeau’s legacy is undeniable.

Recent polls indicate that 62% of Canadians support cannabis legalization, a testament to

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President Trump will decide marijuana rescheduling, federal reform

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Did Donald Trump mean it when he said he wanted marijuana reform – and will the former and current president follow through?

With the marijuana rescheduling process paused indefinitely – its future is at the mercy of Trump’s future choice to lead the U.S. Drug Enforcement Administration – and Republicans in Congress mostly bent to the once and current president’s will, nothing less than the future of the $32 billion marijuana industry depends on the answer.

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Trump made history in September when he became the first major-party presidential nominee to endorse a state adult-use legalization campaign.

Though Trump’s backing of Florida’s Amendment 3 – some critics say his endorsement was mostly spurred by his acrimonious relationship with Florida Gov. Ron DeSantis – didn’t

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Farming techniques could boost CBD, hemp study infers

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A new study on hemp microorganisms could ultimately help researchers, scientists and growers boost production of CBD and other valuable compounds such as terpenes.

The University of Houston study – titled “Microbiome diversity and variations in industrial hemp genotypes” and published in Nature magazine – examined communities of microbiomes living in and around the roots and leaves of four types of hemp plants.

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University of Houston researchers compared how those microorganisms differ between hemp grown for fiber and hemp grown for CBD production.

“Understanding these microorganisms can also lead to more sustainable farming methods, using nature to boost plant growth instead of relying heavily on chemicals,” Waqar Ahmad, an author of the study and doctoral student of lead researcher Abdul Latif Khan,

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