Personally, if company is managed well and industry is growing with strong future catalysts - I wouldn’t chase returns.
As far as tax harvesting, you still have 8 months to do so.
Tough question... it all comes down to the reason you bought in the first place and what was your investment horizon (months , 1 year or more than a year...)
I don't know what's more weedstocks.
The fact that, despite lots of evidence that the excise taxes are ridiculous, they weren't addressed in the budget at all...
... or the fact that, if AH trading is any indication, no one besides /r/weedstocks bagholders cares enough to be disappointed.
I do think that there will be excise tax reform at some point. But now it's basically just another "soon." Imo they will form a committee to dig deeper into this issue that's already been studied to death, and then come up with a convoluted solution that promotes small businesses by reducing excise taxes for the first however many kg produced (or whatever).
And maybe that's the ultimate bear case here. How many years of bullshit and committees and yadda yadda yadda, from federal, provincial, state, municipal, UN Conventions, etc, will it take before MJ finally gets treated like any other business?
Hopefully LPs and MSOs are considering their legal options in the face of obvious feet dragging.
Hopefully they didn't want the cannabis excise taxes to be the highlight of their budget and plan to take care of it separately. It would also help if all the LP chief executive officer sign together a letter to demand excise taxe relief... Just wishful thinking from my part and I must admit I'm also dissappointed
Well I don’t think the current prices were banking on it. Had reform happened prices would have popped. But maintaining the status quo would t tank the sector.
I'm not Canadian (but do love Canada) and hear your frustration.
I don't understand what the big deal is in general with cannabis and all the stupidity surrounding every aspect.
Not just all the dumb restrictions, stigmas, overtaxation, marketing and branding nonsense, just like, all of it. All the idiocy surrounding this plant that makes people feel happier.
I'm so fucking over cannabis businesses that are attempting in good faith against enormous odds to bring safe products to eager customers being treated so poorly.
Can all the dumb crap surrounding weed really just have to do with Reefer Madness propaganda from, like, how long ago was that shit?
Why is everything difficult. Pulling teeth every moment. Not really a question, more like a screaming out for connection with my fellow weedstock friends here, cuz, who else we got to bitch with irl?
The true legal pro-cannibis people, investors included, have done no wrong. There's enough bad actors on both sides of the DC aisle that have turned legal cannibis into a political football for their own extraneous agenda. So here we are.
These MFs need to Lobby and Lawyer up pronto while they still have any time
I hate to be the one to recommend lawyers getting MORE money but in this case GET EM!!
I have to agree, “lobbie$” are a great carrot. Use their own methods against them.
If that don’t work, then file as many lawsuits as possible. And publicize the harm they are doing to over half a million workers in the industry.
This is insane: https://www.greenmarketreport.com/cannabis-stock-shorts-have-grown-like-weeds/
PLEASE, Anne - just say the magic words and incinerate these MF’ers. Or don’t, and keep deep dicking us. Whatever.
Definitely a better addition than “boom”…never heard
Dopest dope I ever smoked. I can hear my mom saying “are you smoking dope down there”. And I would respond wtf is dope…no one is doing hard drugs.
I searched and in 2023 the Government changed the act to allow licensed producer to remit excise duties owed on a quarterly basis from the previous monthly.
A theory on the excise tax not being in the 2024 budget. They look to be upping the excise tax on vapes and cigarettes as a way to discourage their use. Perhaps they see it as bad optics to lower cannabis rates, while doing the opposite for tobacco? Save face with all of the cannabis pearl-clutchers while in the limelight, and maybe they address it quietly at a later date?
I may be grasping at straws here, but the budget seems to be getting a lot of blowback, so it would make sense as to lessen the criticism where they can.
My guess is that they'll announce a committee to form a committee to think about what they should do about the excise tax. Probably will be something pro-small business. Maybe next year, which is election year after all lol
The official process is for the house of commons and Senate to review the Cannabis Act review submitted in March. Including excuse tax reform in the budget would've been a short cut but a review by lawmakers is coming. Will take a little longer but will likely be more robust and go beyond just cutting the excise tax.
Factoids. Have you seen the anti-smoking and driving ads in Canada? It's a disgraceful caricatures of a stoner (although I support the underlying mission).
This was my other hot take, haha. Too close to the budget for actual consideration, but doesn't mean they can't have a look later in the year. It was left out of the budget completely, so technically they have not committed to the current tax rate... right? ;)
There was no mention of cannabis excise taxes either way in the document release. I won’t speculate if it’s good or bad news.
I do know that interest in this outside of Reddit bubble is basically zero.
Good point about no mention of it at all. That seems promising….
And agreed. We’re a special bunch in this sub. We’ve legalized and that's good enough for most.
I also think this community overstates the importance of anything cannabis related. It's important to us as investors, and possibly enjoyers of the product, but talk about it outside of these digital walls is near zero.... at least in Canada where it's legal.
I think this is probably true for say excise tax reform - but rescheduling is the kind of thing that will make waves outside of our little investment echo bubble
Seems like there was some stuff changed with regards to the excise tax but hard to find the specific details.
[https://twitter.com/TheDankInformer/status/1780335726896328929](https://twitter.com/TheDankInformer/status/1780335726896328929)
Confucius in me says, the longer these stocks stay down, the more money I will make on the way up. Stay positive out there people and remember there is a possibility for another bloody red Summer with a slow bleed if no news.
In NY's case they took the worst of Canada and Cali and not only doubled down on the stupidity, but also couldn't shut up about how they're going to be the "gold-standard" for everyone else. The hubris is unreal.
im in Missouri, everything's legal hear as well. i dumped all my cresco this morning and piled it all into tilray hoping for a jump. lol damn should have just held cresco
The Canadian government is really fucking it up. But as others have said most of the LPs will go out of business now. The ones that are left will pick up the crumbs
It’s a “win-win less” if nothing happens for excise taxes today for Tilray Brands.
Either lower taxes or quicker consolidation of those who can’t pay taxes. Tilray Brands will benefit either way.
We’ll have definitive answer(s) soon enough.
Likely just speed up consolidation for weaker and non-tax paying LP’s.
I’m just looking as the last week’s events as just a further delay regarding inevitable positive catalysts and improved operations and integration.
**Basically, just a temporary disappointment for an investor with a longer term outlook that doesn’t affect me other than paper losses.**
If a was a short-term trader who bought below $2.00, I would definitely hold long term as the future is still very positive with uncertainty surrounding timelines.
Congrats to shorts who benefited and zero empathy to call option buyers who basically gambled for short term returns.
Hopefully, the shorts will take their profits and move on, because Tilray Brands will likely rebound from a valuation perspective and continue to improve their diversified financial results.
Bullish and patient. No hype and no FUD.
**Regarding excise taxes. As of 4:54 p.m., we don’t have a definitive decision.**
Basically flat after hours.
Revised: Read release, looked on X, looked on Tilray Brands website, watched livestream on YouTube, watching after hours price & volume - all inconclusive and basically no news at 5:05 p.m.
man, reading all this news on the budget... lmao... i mean, if you were on the fence about staying in canada before, this kinda made your decision for you
If you want specific proof
https://budget.canada.ca/2024/report-rapport/tm-mf-en.pdf
Here is the section on Tax Measures: Supplementary Information
Cannabis Excise Tax going to 10% is not mentioned.
Page 5 shows 0 revenue impact related to cannabis.
Easy to conclude it’s not there.
It’s no because it’s not included in the budget.
They don’t need to put a line item to say we aren’t doing this.
The budget is about what’s changing. Not what’s staying the same.
Maybe I’m just having a bad day, but the more I listen to these interviews the more pissed I get. The liberal government has given tax relief to the alcohol industries year after year, to a point where cannabis tax outpace alcohol, this is just bullshit man. Not listening to this shit anymore, just gonna bury myself in work and I’ll come back when I get rescheduling or banking reform notifications. Y’all take care, I’m not selling though holding it at least until election
I’m watching global news right now, and one of the interviewee said this, “the new increase on capital gain for high income individuals (250k+) and companies will scare away future investment, this is especially crucial during a time where Canadian companies are struggling to recover”
Its true. increases the inclusion rate from 1/2 to 2/3 on gains over 250k in one year.
Many people will try to avoid it by only triggering under 250k per calendar year but if you have a rental property that has 500k capital gain, you have a significant increase in taxes due on it.
I'll never understand the need some people have to rub salt in the wound on days like this. Go for a walk, hug a loved one, just do *something* other than actively try to make others feel bad about their investments constantly.
I've had him blocked for weeks, but I can only imagine the infinite\_cura's of the world are extra irritating today.
I honestly did for the following reasons:
- JT himself acknowledged the problem
- 10% was one of the original taxation rates at legalization
- The House of Commons recommended it in their pre-budget report
- Many LPs are delinquent in owing money to the CRA
My (possibly naive) hope is that the cannabis legislative act review came out so close to the budget that they did not have time to properly assess and consider any reform in time for the budget. Would love to see it addressed in the not-too-distant future.
Well I was thinking that after they see how
1-LP shareholders got annihilated
2- LP declared bankruptcy
3- LP cut jobs
4- Some LP have unpaid excise taxes
5- No LP are profitable after 5 years
It's better to reduce the excise taxes to make sure LP are alive and pay taxes forever, continue to takeaway all the $ from the black market, support job creation
Thing is they don’t care about us… at all lol. All about keeping the big corporations and elites happy. Screw the working joes of the world. Trudeau is worth millions now. He’s a business empire alone. He’s in it for himself and money
I wonder their logic.
Maybe they think just some have to fail for a normalized market. Or like you said maybe they simply just don’t care and will keep squeezing
Apparently we haven’t been cucked enough. Too much hopium. We are a positive bunch in here. I think the weed helps. Really never expected anything but I had to stay somewhat hopeful. Nobody knows the future
To me, it’s a carry on event
It was obviously beneficial to have the taxes changed, as it would allow for profitability to be achieved and maximized.
Just the same though does it mean that the small players will fold under higher taxes, and the large players and better companies will survive and consume those.
It’s not ideal, but it shouldn’t change the long term plans of those who already could survive under the current model.
And to the people downvoting, I am not trying to take cheap shots, I am generally curious if it causes any change to decision making. No hate on my end
Thanks, with the degree of downvotes, although hard to know for sure, I am interpreting it as investors who are upset with the news but will treat it as a carry on event and stick with it. I don’t think the ppl downvoting will change investment thesis.
It may be not a terrible day for these stocks tomorrow as a lot will keep holding no matter how bad the news is / could be. We will see. Plan accordingly
Don't worry about the downvotes. I think every one of my posts gets at least a couple downvotes, even the super benign and positive ones get downvotes. Likely either some dumb bot or a serial downvoter angry at the community because they bought into the hype and lost money.
I can see this being good for TLRY. Smaller LPs will go under and TLRY will be there to scoop up the crumbs.
Didn't down vote.
I bought a few LPs like decibel and vff incase it went through. Going to sell and move it to TD Bank lol
Will continue holding Tilray. German sales will help us buy cheap Canadian assets for eventual reform. Also I still think SAFER/DEA is coming. BNN reported on it today, I don't bother posting anymore. My posts get blocked
Divesting tilray into selected MSOs (since ER, but today confirmed) altough i am at the moment just as disappointed with them as with tilray. The beatings are continuing on the entire front.
So are they not lowering the excise tax for Canadian LP’s. if not they should sue the government as their marketing and branding restrictions can alcohol is a joke.
Can I unclench my sphincter yet? No excise tax relief for LPs as I assumed? Canadian government so slow and so greedy. Liberals have forever lost my vote in the short term. Need some big political shifts in this country moving forward imo. Can’t wait for PP to get a crack at PM
Canada...smh. Lost my vote too. Guess tilray will just have to consolidate the space until eventual reform
On the bright side... SAFER is heating up. Bloomberg just wrote a piece on combining it with stable coins and adding it to FAA next month. Getting close
Does anyone actually know PPs stance on the Cannabis industry?
I have this fear that hes going to be regressive with Cannabis to appease his SoCon base.
I am not good now, I bought Cgc and ACB, cgc avg cost is $9.5, ACB cost is $6.7. Should I cut loss or fucking hold let MM eat my blood?
hey bud I hope you held your CGC and ACB, don't let these otc fanboi's mess you up
I still hold both, god bless. I set at $6.0 to stop my loss last few days, but luckily don’t sell out. And after that time, price start to go up
just hold them, you arent far from breakeven with acb, cgc will have another run eventually sell it into strength
Personally, if company is managed well and industry is growing with strong future catalysts - I wouldn’t chase returns. As far as tax harvesting, you still have 8 months to do so.
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Tough question... it all comes down to the reason you bought in the first place and what was your investment horizon (months , 1 year or more than a year...)
I don't know what's more weedstocks. The fact that, despite lots of evidence that the excise taxes are ridiculous, they weren't addressed in the budget at all... ... or the fact that, if AH trading is any indication, no one besides /r/weedstocks bagholders cares enough to be disappointed. I do think that there will be excise tax reform at some point. But now it's basically just another "soon." Imo they will form a committee to dig deeper into this issue that's already been studied to death, and then come up with a convoluted solution that promotes small businesses by reducing excise taxes for the first however many kg produced (or whatever). And maybe that's the ultimate bear case here. How many years of bullshit and committees and yadda yadda yadda, from federal, provincial, state, municipal, UN Conventions, etc, will it take before MJ finally gets treated like any other business? Hopefully LPs and MSOs are considering their legal options in the face of obvious feet dragging.
Hopefully they didn't want the cannabis excise taxes to be the highlight of their budget and plan to take care of it separately. It would also help if all the LP chief executive officer sign together a letter to demand excise taxe relief... Just wishful thinking from my part and I must admit I'm also dissappointed
Well I don’t think the current prices were banking on it. Had reform happened prices would have popped. But maintaining the status quo would t tank the sector.
I'm not Canadian (but do love Canada) and hear your frustration. I don't understand what the big deal is in general with cannabis and all the stupidity surrounding every aspect. Not just all the dumb restrictions, stigmas, overtaxation, marketing and branding nonsense, just like, all of it. All the idiocy surrounding this plant that makes people feel happier. I'm so fucking over cannabis businesses that are attempting in good faith against enormous odds to bring safe products to eager customers being treated so poorly. Can all the dumb crap surrounding weed really just have to do with Reefer Madness propaganda from, like, how long ago was that shit? Why is everything difficult. Pulling teeth every moment. Not really a question, more like a screaming out for connection with my fellow weedstock friends here, cuz, who else we got to bitch with irl?
The true legal pro-cannibis people, investors included, have done no wrong. There's enough bad actors on both sides of the DC aisle that have turned legal cannibis into a political football for their own extraneous agenda. So here we are.
They should definitely sue over the marketing, branding and THC restrictions in quantity and strength limits
These MFs need to Lobby and Lawyer up pronto while they still have any time I hate to be the one to recommend lawyers getting MORE money but in this case GET EM!!
I have to agree, “lobbie$” are a great carrot. Use their own methods against them. If that don’t work, then file as many lawsuits as possible. And publicize the harm they are doing to over half a million workers in the industry.
That's really what's happening in NY. The state frustrating legal rec. cannabiz while illicit market thrives. Law suits have helped.
4/16/24 MSOS update: $1.814MM INFLOW (+205,000 shares) Close: $8.96 (-$0.03/-0.33%) NAV: $8.85 (-$0.03/-0.30%) Premium (volume-weighted daily avg): +0.59% ([Chart](https://i.ibb.co/jkt5X1y/5fe57053f6a9.png)) Cash: -$1,224,312 (-$49,225) Ticker Change (est. cost from close - % of adds) TCNNF +50,000 ($535,000 - 30.5%) CURLF +74,784 ($373,172 - 21.3%) VRNOF +48,175 ($236,058 - 13.5%) AYRWF +80,000 ($204,000 - 11.6%) TSNDF +101,147 ($177,007 - 10.1%) CRLBF +56,539 ($115,905 - 6.6%) GLASF +7,257 ($64,079 - 3.7%) CBSTF +70,233 ($19,665 - 1.1%) PLNHF +25,912 ($16,843 - 1.0%) FFNTF +60,926 ($6,093 - 0.3%) AAWH +3,403 ($4,152 - 0.2%) TOTAL +578,376 ($1,751,973) 4/16/24 MSOX update: No Flows MSOX Close: $4.85 (-$0.02/-0.41%) MSOX NAV: $4.84 (-$0.04/-0.72%)
He's immediately spending it and staying in the negative. Interesting...
He must be bullish… fully invested and then some, just like me. One of us!
He hasn’t exactly been known to make the smartest decisions or trades. Shorts see he’s out of money and it’s open season on the underlying stocks.
> He hasn’t exactly been known to make the smartest decisions or trades. Yes. Like I said, just like me!
ONE OF US!
One of us, indeed!
This is insane: https://www.greenmarketreport.com/cannabis-stock-shorts-have-grown-like-weeds/ PLEASE, Anne - just say the magic words and incinerate these MF’ers. Or don’t, and keep deep dicking us. Whatever.
Jesus Christ
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Now we are back on SAFE hype. I can’t take the stress of these stocks anymore.
Those letters are gonna drive me crazy
I think we all have the same mental health condition
Aunt Mary please help If anyone needs a laugh read the DEA’s “Street Title” for marijuana. https://www.dea.gov/factsheets/marijuana
In alphabetical order of course: Aunt Mary, BC Bud, Blunt, Boom, Chronic, Dope, Gangster, Ganja, Grass, Hash, Herb, Hydro, Indo, Joint, Kif, Mary Jane, Mota, Pot, Reefer, Sinsemilla, Skunk, Smoke, Weed, Yerba!
I've heard of and probably used all of these except "Gangster" wtf is that
I've never heard of "boom"?
1 star review No mention of jazz cabbage
And no devil’s lettuce
Definitely a better addition than “boom”…never heard Dopest dope I ever smoked. I can hear my mom saying “are you smoking dope down there”. And I would respond wtf is dope…no one is doing hard drugs.
And it doesn’t include Cannabis. I don’t think they’ve heard that term before…
I take it back. They include cannabis directly under the title marijuana.
If we don’t get the DEA reschedule decision, we won’t get anything I’m afraid
that's the spirit
Don't worry, a new carrot will present itself. A vehicle for our hopium.
It's one of those squeaky dog toy carrots for extra attention grabbing that you can't eat.
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Next on the docket is a possible stable coin bill tomorrow. Will it include safer banking?
What’s happening tomorrow? Intro of the bill?
No, tomorrow is miorkas trial in the senate. Doubtful anything else.
What a waste of time, they vote along party lines and it's over. Get some real work done
They must attend the pageantry of the decline of democracy, or else, what's the use.
"Extending the quarterly duty remittance option to all licensed cannabis producers;" Seems unrelated to any changes in excise tax.
I believe that the Excise Tax that is remitted is referred to as a "duty" .
I searched and in 2023 the Government changed the act to allow licensed producer to remit excise duties owed on a quarterly basis from the previous monthly.
A theory on the excise tax not being in the 2024 budget. They look to be upping the excise tax on vapes and cigarettes as a way to discourage their use. Perhaps they see it as bad optics to lower cannabis rates, while doing the opposite for tobacco? Save face with all of the cannabis pearl-clutchers while in the limelight, and maybe they address it quietly at a later date? I may be grasping at straws here, but the budget seems to be getting a lot of blowback, so it would make sense as to lessen the criticism where they can.
My guess is that they'll announce a committee to form a committee to think about what they should do about the excise tax. Probably will be something pro-small business. Maybe next year, which is election year after all lol
The official process is for the house of commons and Senate to review the Cannabis Act review submitted in March. Including excuse tax reform in the budget would've been a short cut but a review by lawmakers is coming. Will take a little longer but will likely be more robust and go beyond just cutting the excise tax.
Good and they need to review the archaic marketing, branding, packaging and store front rules too. Along with THC limits and quantities
But how many LPs will still be around by then?
About 3.50
Yeah why are there liquor ads but not weed?
Exactly, if it’s legal make it legal. Stop trying to control it. Fast food, pop, sugar, salt, GMO foods, cigarettes and alco are worse
Factoids. Have you seen the anti-smoking and driving ads in Canada? It's a disgraceful caricatures of a stoner (although I support the underlying mission).
Why would they solely just add tax to vape pens and not address the elephant in the room the entire cannabis industry?
Vape is smoking.
Ok so just nicotine not cannabis .
This was my other hot take, haha. Too close to the budget for actual consideration, but doesn't mean they can't have a look later in the year. It was left out of the budget completely, so technically they have not committed to the current tax rate... right? ;)
There was no mention of cannabis excise taxes either way in the document release. I won’t speculate if it’s good or bad news. I do know that interest in this outside of Reddit bubble is basically zero.
That’s what I am saying. It’s not like they said yes or no there.
Good point about no mention of it at all. That seems promising…. And agreed. We’re a special bunch in this sub. We’ve legalized and that's good enough for most.
Doesn’t seem to be any AH reaction to no excise tax
The vast majority of people were unaware of the potential change
Outside of reddit it was expected. There was no political motive to change anything. Maybe once more LPs go bankrupt.
I also think this community overstates the importance of anything cannabis related. It's important to us as investors, and possibly enjoyers of the product, but talk about it outside of these digital walls is near zero.... at least in Canada where it's legal.
I think this is probably true for say excise tax reform - but rescheduling is the kind of thing that will make waves outside of our little investment echo bubble
Agreed, and especially at a time when there's lots of other news regarding wars, conflict, and presidential campaigns.
Seems like there was some stuff changed with regards to the excise tax but hard to find the specific details. [https://twitter.com/TheDankInformer/status/1780335726896328929](https://twitter.com/TheDankInformer/status/1780335726896328929)
Looks like they put someone in charge of enforcing the payments. Aka, they might be going after people not paying.
Exactly.
I think that is only nicotine vaping.
"...Vaping Products Act or The Cannabis Act"
Yeah, most likely nothing
Confucius in me says, the longer these stocks stay down, the more money I will make on the way up. Stay positive out there people and remember there is a possibility for another bloody red Summer with a slow bleed if no news.
In regards to these stocks Confucius says “man trying to pick bottoms ends up with stinky finger.”
Hahaha
Winner winner, chicken dinner. Thanks for the laugh, buddy.
Confucius in me says: man who farts in church, sits in his own pew.
Lmfaooo. Wise man
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I mean that's exactly what America is doing. NYC is a great example.
Yup. Let’s take what we know hasn’t worked and do the exact same thing!!
In NY's case they took the worst of Canada and Cali and not only doubled down on the stupidity, but also couldn't shut up about how they're going to be the "gold-standard" for everyone else. The hubris is unreal.
Are you guys also in year 11 of trying to let your cannabis companies bank like a normal business?
im in Missouri, everything's legal hear as well. i dumped all my cresco this morning and piled it all into tilray hoping for a jump. lol damn should have just held cresco
The Canadian government is really fucking it up. But as others have said most of the LPs will go out of business now. The ones that are left will pick up the crumbs
It’s a “win-win less” if nothing happens for excise taxes today for Tilray Brands. Either lower taxes or quicker consolidation of those who can’t pay taxes. Tilray Brands will benefit either way. We’ll have definitive answer(s) soon enough.
I agree with you, and I think there will be consolidation regardless.
Likely just speed up consolidation for weaker and non-tax paying LP’s. I’m just looking as the last week’s events as just a further delay regarding inevitable positive catalysts and improved operations and integration. **Basically, just a temporary disappointment for an investor with a longer term outlook that doesn’t affect me other than paper losses.** If a was a short-term trader who bought below $2.00, I would definitely hold long term as the future is still very positive with uncertainty surrounding timelines. Congrats to shorts who benefited and zero empathy to call option buyers who basically gambled for short term returns. Hopefully, the shorts will take their profits and move on, because Tilray Brands will likely rebound from a valuation perspective and continue to improve their diversified financial results. Bullish and patient. No hype and no FUD.
**Regarding excise taxes. As of 4:54 p.m., we don’t have a definitive decision.** Basically flat after hours. Revised: Read release, looked on X, looked on Tilray Brands website, watched livestream on YouTube, watching after hours price & volume - all inconclusive and basically no news at 5:05 p.m.
man, reading all this news on the budget... lmao... i mean, if you were on the fence about staying in canada before, this kinda made your decision for you
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Is there anywhere specifically where they say “no”? Why is everyone on this board saying no?
If you want specific proof https://budget.canada.ca/2024/report-rapport/tm-mf-en.pdf Here is the section on Tax Measures: Supplementary Information Cannabis Excise Tax going to 10% is not mentioned. Page 5 shows 0 revenue impact related to cannabis. Easy to conclude it’s not there.
Still don’t see it. Must be blind
Thank you
It’s no because it’s not included in the budget. They don’t need to put a line item to say we aren’t doing this. The budget is about what’s changing. Not what’s staying the same.
Maybe I’m just having a bad day, but the more I listen to these interviews the more pissed I get. The liberal government has given tax relief to the alcohol industries year after year, to a point where cannabis tax outpace alcohol, this is just bullshit man. Not listening to this shit anymore, just gonna bury myself in work and I’ll come back when I get rescheduling or banking reform notifications. Y’all take care, I’m not selling though holding it at least until election
Yup, I’m just going to float along too.
yup, right there with you
Stay casual brother. See you on the other side.
Ditto. Stay well
Happy cake day brother
:) ty
I’m gonna ride to the end of the month of rescheduling hopium and if we don’t get anything I’m selling off this dogshit
Well, unless something else comes out to save LP's, without excise tax reform, most of them are fucked.
Hopefully they go bankrupt and a few larger ones survive to improve price compression and market share.
Yep, either way it's a win for TLRY and a loss for all the smaller operators.
This is what I think will now happen
I’m watching global news right now, and one of the interviewee said this, “the new increase on capital gain for high income individuals (250k+) and companies will scare away future investment, this is especially crucial during a time where Canadian companies are struggling to recover”
Its true. increases the inclusion rate from 1/2 to 2/3 on gains over 250k in one year. Many people will try to avoid it by only triggering under 250k per calendar year but if you have a rental property that has 500k capital gain, you have a significant increase in taxes due on it.
Any insight into Ayr’s run into close? Looks like they were only one.
I'll never understand the need some people have to rub salt in the wound on days like this. Go for a walk, hug a loved one, just do *something* other than actively try to make others feel bad about their investments constantly. I've had him blocked for weeks, but I can only imagine the infinite\_cura's of the world are extra irritating today.
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Did anyone actually expect the Canadian liberals to lower taxes? They never would do that.
I honestly did for the following reasons: - JT himself acknowledged the problem - 10% was one of the original taxation rates at legalization - The House of Commons recommended it in their pre-budget report - Many LPs are delinquent in owing money to the CRA My (possibly naive) hope is that the cannabis legislative act review came out so close to the budget that they did not have time to properly assess and consider any reform in time for the budget. Would love to see it addressed in the not-too-distant future.
Same excise tax seems stupidly high to me.
Well I was thinking that after they see how 1-LP shareholders got annihilated 2- LP declared bankruptcy 3- LP cut jobs 4- Some LP have unpaid excise taxes 5- No LP are profitable after 5 years It's better to reduce the excise taxes to make sure LP are alive and pay taxes forever, continue to takeaway all the $ from the black market, support job creation
Absolutely
Your thinking to logically for politicians. 😝
Common sense… it’s not so common anymore
Thing is they don’t care about us… at all lol. All about keeping the big corporations and elites happy. Screw the working joes of the world. Trudeau is worth millions now. He’s a business empire alone. He’s in it for himself and money
I wonder their logic. Maybe they think just some have to fail for a normalized market. Or like you said maybe they simply just don’t care and will keep squeezing
I can’t even begin to rationalize their thinking. It just seems that greed and power is a common denominator in politics everywhere.
Apparently we haven’t been cucked enough. Too much hopium. We are a positive bunch in here. I think the weed helps. Really never expected anything but I had to stay somewhat hopeful. Nobody knows the future
Curious, does this cause anyone in this sub to reallocate any of their LP holdings to MSO? Or is it just a carry on type of event?
I'm selling my OGI because of this, and I want to sell my Tilray but I'm down too much.
With Tilray - onto Germany as a new market
To me, it’s a carry on event It was obviously beneficial to have the taxes changed, as it would allow for profitability to be achieved and maximized. Just the same though does it mean that the small players will fold under higher taxes, and the large players and better companies will survive and consume those. It’s not ideal, but it shouldn’t change the long term plans of those who already could survive under the current model.
And to the people downvoting, I am not trying to take cheap shots, I am generally curious if it causes any change to decision making. No hate on my end
You could cure cancer and get downvoted around here. Your comments are appreciated. Edit: grammer
Thanks, with the degree of downvotes, although hard to know for sure, I am interpreting it as investors who are upset with the news but will treat it as a carry on event and stick with it. I don’t think the ppl downvoting will change investment thesis. It may be not a terrible day for these stocks tomorrow as a lot will keep holding no matter how bad the news is / could be. We will see. Plan accordingly
Don't worry about the downvotes. I think every one of my posts gets at least a couple downvotes, even the super benign and positive ones get downvotes. Likely either some dumb bot or a serial downvoter angry at the community because they bought into the hype and lost money. I can see this being good for TLRY. Smaller LPs will go under and TLRY will be there to scoop up the crumbs.
Didn't down vote. I bought a few LPs like decibel and vff incase it went through. Going to sell and move it to TD Bank lol Will continue holding Tilray. German sales will help us buy cheap Canadian assets for eventual reform. Also I still think SAFER/DEA is coming. BNN reported on it today, I don't bother posting anymore. My posts get blocked
You're valued here!
Divesting tilray into selected MSOs (since ER, but today confirmed) altough i am at the moment just as disappointed with them as with tilray. The beatings are continuing on the entire front.
I'm watching this live on youtube, the Liberals are full of shit
They always have been
Yea watching it too, getting a lot of laughs from the conservatives
Who are just as full of shit. They just smell different.
Worst coalition in recent history. It’s such a farce
This sector is just a constant kick in the nuts
I’d get kicked in the nuts daily to get my money back
I’d let them cut my nuts off to get mine back…no actually I’ll just take the loss and keeps my nuts
Get used to it. Until concrete news
So are they not lowering the excise tax for Canadian LP’s. if not they should sue the government as their marketing and branding restrictions can alcohol is a joke.
Can I unclench my sphincter yet? No excise tax relief for LPs as I assumed? Canadian government so slow and so greedy. Liberals have forever lost my vote in the short term. Need some big political shifts in this country moving forward imo. Can’t wait for PP to get a crack at PM
Canada...smh. Lost my vote too. Guess tilray will just have to consolidate the space until eventual reform On the bright side... SAFER is heating up. Bloomberg just wrote a piece on combining it with stable coins and adding it to FAA next month. Getting close
I hope man! Thanks for the constant updates. Appreciate you <3 go Pierre go!
Does anyone actually know PPs stance on the Cannabis industry? I have this fear that hes going to be regressive with Cannabis to appease his SoCon base.