Article Canada legalization taxes

Overtaxed & Overburdened’: Cannabis Industry Suffocating Under Regulatory Regime

Cannabis Council of Canada’s Paul McCarthy says he’s ‘bewildered’ at the feds’ lack of action despite growing calls from industry, experts, and a House committee. With thousands of job losses since marijuana’s legalization in 2018, cannabis companies l…

Article business Canada legalization taxation

Canada’s Finance Minister Warned About Cannabis Industry ‘Financial Distress’

Canadian Finance Minister Chrystia Freeland was warned last fall about systemic “financial distress” facing the country’s cannabis producers, including skyrocketing tax debt and widespread insolvencies. The calamities facing the industry were spelled o…

Article business Canada

How a Cannabis Crash is Weeding Out The Field, While It’s a Slow Burn For Others Trying to Survive

Some large investments in N.L. production have gone up in smoke As Brian Keating pulls the plastic lid off a small cannabis storage container, a pungent herbal smell wafts quickly throughout the room. “That’s quality,” said Keating, referring to the hi…

Article Canada government Justin Trudeau legalization Ottawa Politics United Nations

Trudeau: The UN Has Never Prevented Canada from Legalizing Cannabis, Despite Treaty Violations

Justin Trudeau dismisses fears of UN sanctions over cannabis legalization, noting no discussions occurred since the reform in 2018. Anti-cannabis U.S. lawmakers worry about UN sanctions, but Canada faced no consequences. Trudeau, a legalization support…