It's a business sector that's heavily taxed, and it can be hard to get basic banking done too.
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Taylor Giovannini converted a vacant fish plant in Burin to grow marijuana and her company — Oceanic Releaf — operates nine retail stores across Newfoundland and Labrador.She told SaltWire Network that because of those retail operations she’s doing better than most cannabis growers.“The federal excise tax is way too much,” she said, noting some growers pay about $1 in tax for every gram of cannabis produced.
During a visit to Clarenville, N.L., on March 16 Prime MInister Trudeau held a town hall event with local students and business leaders. - Barb Dean-Simmons “We didn’t legalize so there would be growth in jobs and opportunity,” he said. “We legalized out of a public-health concern.” If the federal government could do just one thing to help the industry right now, Giovannini said, she and others would ask for reduction of excise taxes.
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