Tilray released the following statement in response to the Canadian government’s proposed 10% excise tax on medical cannabis:

“Today’s proposal by the federal government for a 10% excise tax, over and above the GST/HST, is within the reasonable range of taxation for recreational adult-use cannabis.

“However, the proposal falls short on medical cannabis.

“Taxing medical and recreational cannabis at the same rate will erode the medical cannabis system, negatively impacting Canadian patients. Tilray has long advocated alongside our patients for medical cannabis to be zero-rated and will continue to do so.

“Tilray is ready to work with the federal government to ensure medical cannabis is zero-rated for patients, and is in due course covered on federal formularies.”