The cannabis excise duty rate: at least someone is making money

Today, licensed producers sell their products to distributors for about $3 per gram. The result is an effective tax rate of 30 per cent and higher.

If you think it's impossible to move to a single, national stamp because the stamps ensure taxes are remitted to the right place, you’d be wrong, writes Paul McCarthy.Photograph courtesy of Wikimedia Commons

Opinion

September 26, 2024

Recreational cannabis became legal in Canada in October 2018. The federal excise duty rate was set at 10 per cent of the value of the product, or $1 per gram, whichever is greater. At that time, cannabis was selling for approximately $10 per gram, so the later part of that f...

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