{"id":22847,"date":"2022-10-18T02:12:59","date_gmt":"2022-10-18T06:12:59","guid":{"rendered":"https:\/\/ckms.ca\/?p=22847"},"modified":"2022-10-18T02:13:01","modified_gmt":"2022-10-18T06:13:01","slug":"canadas-cannabis-producers-say-theyre-in-crisis-heres-what-theyre-asking-the-government-to-do","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=22847","title":{"rendered":"Canada\u2019s cannabis producers say they\u2019re in crisis. Here\u2019s what they\u2019re asking the government to do"},"content":{"rendered":"<p>On the fourth anniversary of legalization, \u201cThis is an industry that cannot pay its own bills and cannot make ends meet.\u201d<\/p>\n<p>Source: <em><a href=\"https:\/\/www.thestar.com\/news\/canada\/2022\/10\/17\/canadas-cannabis-producers-say-theyre-in-crisis-heres-what-theyre-asking-the-government-to-do.html\">Canada\u2019s cannabis producers say they\u2019re in crisis. Here\u2019s what they\u2019re asking the government to do<\/a><\/em><\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>From the article:<\/p>\n\n\n\n<p>&#8220;And, as part of that review, he wants Ottawa to look at updating the excise tax \u2014 the tax placed on cannabis at the point of manufacture.<br>Currently that tax stands at $1 per gram or 10 per cent of the sale price on dried cannabis, whichever is higher. That was premised, said Smitherman, on the idea that weed would sell for about $10 per gram.<br>In fact, according to the Canada Cannabis Spot index, the average selling price is now hovering around $4, meaning producers pay about 25 per cent of their revenue in excise tax, as opposed to 10 per cent.&#8221;<\/p>\n\n\n\n<p>Also, I wonder if the huge oversupply of <a href=\"https:\/\/blog.ckms.ca\/?p=19197\" data-type=\"post\" data-id=\"19197\" target=\"_blank\" rel=\"noreferrer noopener\">~nov 2021? per statscan<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the fourth anniversary of legalization, \u201cThis is an industry that cannot&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282],"tags":[84,39,18],"class_list":["post-22847","post","type-post","status-publish","format-standard","hentry","category-article","tag-canada","tag-cannabis","tag-economics","wpcat-282-id"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/22847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22847"}],"version-history":[{"count":0,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/22847\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}