Delta 9 Cannabis Inc (TSX:DN) has welcomed the Manitoba Conservative Government’s Bill 10 which envisages repealing the 6% Social Responsibility Fee (SRF) on gross retail cannabis revenues retroactive to January 1, 2022.
The fee was introduced in 2018 to fund the social costs of public education, safety, and health for cannabis and eliminate the Manitoba PST charge.
"We would like to thank the Manitoba Conservative Government and Minister Cullen for proposing the amendment to make the SRF repeal retroactive to January 2022. Cannabis retailers have voiced the need for this type of financial support to invest that capital back into their business, to lower prices, educate the public, create more jobs, and continue to put an end to the illegal market,” said John Arbuthnot, CEO of Delta 9, in a statement.
“When the social responsibility fee is eliminated, Manitoba will have one of the most competitive pricing programs for cannabis in Canada. This is a strong demonstration from the Manitoba Conservative Government that they have listened to the concerns of stakeholders and have brought forward swift supports for the cannabis retail sector.”
Delta 9 Cannabis focuses on bringing the highest quality cannabis products to market, selling products through its wholesale and retail sales channels as well as selling its cannabis grow pods to other businesses.
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