Health Canada may give cannabis license holders a deferred deadline for paying their annual regulatory charges in gentle of the coronavirus pandemic.

The federal well being division is holding a two-week session to gauge trade suggestions.

A discover of intent for the session was printed within the June 13 edition of the Canada Gazette.

The potential deferral would apply to regulatory charges for the 2020-21 yr for federal cannabis licenses issued earlier than April 1, 2020, in accordance to Health Canada’s consultation webpage.

In an announcement, the trade group Cannabis Council of Canada stated it had “mixed views” in regards to the proposal to defer the charges, which quantity to 2.3% of annual gross income for normal marijuana license holders.

“In the grand scheme of meaningful liquidity relief, this deferral proposal on its own falls well short of the need, but within the narrower range of options available specifically to Health Canada, it is some measure of recognition of the challenges our sector is facing,” council CEO George Smitherman stated within the assertion.

Interested events could ship an electronic mail with the topic line “COVID-19: Notice of intent to consult on Health Canada’s proposal to provide the cannabis industry with financial relief amid the COVID-19 pandemic.”

An online questionnaire can be obtainable.

The session interval closes June 27.

For extra of Marijuana Business Daily’s ongoing protection of the coronavirus pandemic and its results on the cannabis trade, click on right here.

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