Recent Changes in Alberta Deeply Concerning For Licensed Cannabis Producers
OTTAWA, ONTARIO – November 13, 2019
The Cannabis Council of Canada is disappointed with the Government of Alberta’s decision to make changes to the province's property tax rules with direct aim at cannabis production facilities. The positive economic impact that cannabis producers have had in communities across Alberta has been significant, including over 4,000 direct and indirect jobs and generating over $123.6 million in sales since legalization in October 2018.
“Our members are deeply committed to the communities they operate in and the people they employ. During the election, Premier Jason Kenney made it clear that his government would help bring back investment, diversify our economy, and create more jobs. Today’s announcement goes directly against his commitment.” said Megan McCrae, Board Chair for the Cannabis Council of Canada.
The legal cannabis industry is a growing opportunity for Alberta to diversify its workforce and its economy.
“The new Alberta government has spoken extensively about restoring investor confidence in the province. Following today’s announcement on the proposed five-fold property tax increase, Alberta is sending a very confusing message to job creators.” Gerald Proctor, Board Member and Treasurer of the Cannabis Council of Canada.
As the fastest growing sector in the province, the Cannabis Council of Canada hopes to work more collaboratively with government at both municipal and provincial levels in Alberta to develop strong policies and regulations that protect Canadians, ensure reliable products and encourage economic growth in communities, small and large.
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About the Cannabis Council of Canada
The Cannabis Council of Canada is a national organization of Canada’s licensed producers with a mission to promote industry standards, support development, growth and integrity of the regulated cannabis industry; and serve as an important resource on issues related to responsible use of cannabis for medical and non-medical purposes.