Tax and regulation combine to crush cannabis innovation and jobs

The illicit market is really the big winner when legal cannabis companies fall by the wayside with no pathway to profitability and no platform to offer innovative cannabis products to consumers.

Finance Minister Chrystia Freeland has a chance to change the tax and regulatory structure conceived for cannabis that has made it nearly impossible for any company of any size to have a consistently positive cash flow, writes George Smitherman. The Hill Times photograph by Andrew Meade

Opinion

BY GEORGE SMITHERMAN

February 13, 2023

For some time now, I’ve been telling anyone that asks that the Canadian cannabis sector is not for the faint of heart. Sadly, just recently 800 Canadians, their kids, and the people who love them shared in the heartbreak of job loss as the promise of economic renewal from ...

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