CAN (NL): Grower tells Trudeau high taxes are threatening cannabis industry

Five years after the Canadian government legalized the production and sale of cannabis, the industry is facing so many challenges that some growers will fail.

When Prime Minister Justin Trudeau visited Clarenville on Wednesday, March 15, a cannabis grower from Newfoundland’s Burin Peninsula told him, “The only ones winning are the governments, provincial and federal.”

Federal excise taxes on cannabis crops, lack of government funding opportunities for growers, and competition from the black market are among some of the factors hindering profit margins, says Taylor Giovannini.

She converted a vacant fish plant in Burin to grow cannabis, and her company — Oceanic Releaf — operates nine retail stores across Newfoundland and Labrador.


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