What great news! After two years of the AQIC pressing the government on this issue, the Canadian government's 2022 budget lays out the groundworks for the creation of a new cannabis strategy table with Innovation, Science and Economic Development Canada!
This will provide us with an opportunity to collaborate and develop a common vision for the industry and ensure the successful legalization of cannabis in Canada.
We look forward to working with the federal government and all stakeholders! Congratulations to all those who have worked on this initiative.
''As a relatively new sector of the Canada economy, it is important that the federal government and all stakeholders have a clear understanding of the challenges and opportunities that are facing Canada’s legal cannabis sector.
Budget 2022 proposes launching a new cannabis strategy table that will support an ongoing dialogue with businesses and stakeholders in the cannabis sector. This will be led by the Department of Innovation, Science and Economic Development, and will provide an opportunity for the government to hear from industry leaders and identify ways to work together to grow the legal cannabis sector in Canada.
This engagement is in addition to the proposed changes to the cannabis excise duty framework detailed in the Tax Supplementary Information.''
SOURCE : Government of Canada
In chapter 7, there is another piece of information relating to our industry.
The federal government makes the following statement about the possible taxation of cannabis by Aboriginal governments: ''As committed in Budget 2021, the government will work with Indigenous groups and organizations on a potential fuel, alcohol, cannabis, and tobacco (FACT) sales tax framework as an additional option for Indigenous governments to exercise tax jurisdiction.''
SOURCE : Government of Canada