Article by Hunter Crowther, Humber News
A heavy federal tax on legalized marijuana will not affect the sales of cannabis manufactures in Canada, says one industry insider.
However, a real threat to the industry will be if the federal government sets the minimum purchasing age higher than legal drinking age.
Jordan Sinclair is the director of communications for Tweed Inc., a company that’s owned and operated through Canopy. He says Canopy suggested the legal purchasing age should be inline with alcohol and determined at a provincial level.
“It seems like the easiest way to run distribution. It’s also the most pragmatic,” Sinclair said Monday in an interview with Humber News. “There can be guidance from the federal government, but each province sets the age for alcohol. There’s room for interpretation.”
Last month, Ottawa’s public health agency recommended the minimum age for buying legal marijuana should be set to 25, despite no consensus among various agencies.
The Office of the Parliamentary Budget released a report Nov. 1, providing independent analysis to Parliament on the fiscal considerations for legalized cannabis. They estimate the pre-tax price of legal pot wouldn’t go below $6.67 a gram.