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Cannabis group urges review of tax creating ‘substantial burden’ on producers

Federal 5-person expert panel releases 54 recommendations in relation to cannabis legislation
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Cannabis plants grow inside of Thrive Cannabis’ production facility in Simcoe, Ont. Tuesday, April 13, 2021. A group convened by the federal government to study the act that legalized cannabis is recommending the country review the excise taxes it charges pot companies. THE CANADIAN PRESS/Tara Walton

A group convened by the federal government to study the legislation that made cannabis legal is recommending the country review one of the industry’s biggest gripes: excise taxes charged to pot producers.

A report compiling 54 recommendations from the five-person expert panel released Thursday urged Finance Canada to consider a new model that would increase excise taxes on products with high quantities of tetrahydrocannabinol, cannabis’s psychoactive component, and lower fees on those with smaller amounts.

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