COMMENTARY: Why Canadians rule the cannabis business
President Trump routinely waves his fist at alleged unfair trade practices, including at the hands of our good neighbor Canada. But what about playing fields that are uneven because the U.S. government makes them so?
Witness the cannabis industry.
It’s enjoying explosive growth worldwide, but Canadians are running away with the profits because Washington has shackled their American competitors.
American marijuana companies can’t deduct wages or other business costs from their taxes. The Hoban Law Group, a Denver firm specializing in the cannabis industry, says this results in some U.S. competitors paying effective tax rates of 85 percent.