The Cannabis Council of Canada, the Canadian Chamber of Commerce and StandForCraft.com, a coalition of 45 cannabis cultivators and processors self-identifying as small to medium enterprises endorsed a short-form working paper "demonstrating the immediate need for Government intervention" to save "failing small businesses" in the Canadian cannabis market.
“Even the most commercially successful and efficiently run farms cannot continue to operate in an environment that often federally taxes them in excess of 30% of monthly top-line revenues. No other consumer-facing industry in Canada is taxed to this extreme. Certainly none with a widespread and low-cost illicit competitor that does not bear the burdens of tax nor regulatory compliance,” reads the statement.
