TLRY - Cannabis Tax Regimes Need To Change Before The Sector Can Take Off

Despite the positive momentum made in legalizing cannabis in the United States over the last 5 years, we may ironically be right back where we started in terms of cannabis prohibition in 1937. The Marijuana Tax Act, which became law in the US on October 1 of that year, was designed to effectively make marijuana illegal on a federal level by imposing a prohibitive tax on cultivating and selling it. The taxes imposed by this legislation were an unbelievable $100 an ounce for anyone selling to an unregistered entity. Adjusted for inflation that is about