'In peril': Cannabis producers say government policies snuffing them out yyc
at Calgary-based grower SNDL, are dismal omens for a sector stifled by government fees and levies that include a 37 per cent federal excise tax.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Dosanjh said last year, his business pocketed just 28 cents on the dollar on revenue it generated, adding his industry is at a distinct disadvantage not only to illegal growers, but to the tobacco and alcohol industries that pay far lower excise taxes. “What’s happening is not consolidation, it’s carnage . . . it benefits illegal operators,” said Dosanjh.Article content
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