Finance committee  The producer is audited by CRA at least quarterly, I think. The thing is that audits that were in place before COVID fell off during COVID, which created quite a conundrum for a lot of companies who got kind of out of sorts with CRA. That is causing some very, very aggressive col

Finance committee  It's a situation where the big banks don't have any interest in participating in providing services to small companies. I run an industry association that does not touch cannabis. TD Bank, which is my historic banker, doesn't want to touch our association. We're forced to go and

Finance committee  Yes. The operation of the excise tax, which includes this stamp, quite an onerous application on the wide variety of products that we have, as well as the means of remitting excise in its own right are two operational matters that could be addressed and significantly assist with

Finance committee  Yes, it's true. In a certain sense, this is what we might call a non-cost item for government—or for “governments”, because obviously the provinces and territories are partners in this matter. That would be an opportunity to significantly abate operating costs. For anyone who h

Finance committee  —we have a range of products.

Finance committee  We can't bring samples, sadly. That's not legal. But I was anticipating the question.

Finance committee  For anybody who's witnessed it, we have a stamp model where for every province and territory a producer must apply that province or territory's stamp. They're really tricky. It's pretty much a manual process. That makes it very expensive. The worst is the circumstance where you

Finance committee  Thank you so much for the question and for your interest in our sector. At the heart of it, when cannabis was first proposed for adult use through recreational legalization, the premise that Finance advanced was that a $10 gram would have a $1 tax. We have the $1 tax—it never ch

Finance committee  I think that the impact would be that we'd be doing a better job of fulfilling the obligations of legalization, which included getting as many cannabis-consuming Canadians as possible to consume safer and tested products. The impact on profitability would be very positive, and t

Finance committee  Thank you. Good day, Chair, vice-chairs and members of the committee. In the spirit of reconciliation, I wish to acknowledge the great privilege I have of being on these Algonquin lands and wherever I am in Canada celebrating my good fortune. Members of the committee, it's s

Agriculture committee  I would say there is still a pattern of growth that's possible, but we're seriously at risk of stymying that growth if we don't take means to address a combination of three things that lead up to a very entrenched illicit market still having a good go at things. We have this ta

Agriculture committee  Chair, two different studies have been out there in the cannabis space recently, with Deloitte showing that the sector contributes $45 billion in GDP. More recently, we put out the first phase of an EY study that shows that the governmental collective appetite for taxes is coming

Agriculture committee  Mr. Chair, I'd like my colleague, Jackie Menezes, to answer that question. We had a recent EY report that she could refer to the committee. Also, Mr. Weiler is her member of Parliament, so it seems very fitting. Go ahead, Jackie.

Agriculture committee  I could offer—

Agriculture committee  Thank you. With respect to the reference to B.C. and then the SQDC, one of the realities that we face is the Canadian patchwork. As the provinces and territories have had various approaches to distribution, this has created a lot of very unique models and some very significant c