March 20, 2020
Hon. Navdeep Bains, P.C., M.P.
Minister of Innovation, Science and Industry
235 Queen St, Ottawa, Ontario
Hon. William Morneau, P.C., M.P.
Minister of Finance
90 Elgin Street, Ottawa, Ontario
On behalf of the regulated cannabis sector, its employees, shareholders, customers/patients, and companies, we are requesting that the Government of Canada implement immediate measures to provide
economic stimulus to our industry.
Canada’s cannabis industry has weathered several shocks in the past six months, including the loss of over 2,000 well-paying jobs in the sector. Our access to capital, including credit, is challenging. COVID-19 has added another significant impact, both with our suppliers and our workforce.
As the federal government considers supports for small, medium and large Canadian businesses, we ask that the regulated cannabis industry be included. Some identified ways to do this are:
• Equal and fair access to significant supports for all cannabis companies working to keep employees employed, including access to wage subsidies as announced on March 18, 2020 by the Prime Minister and Finance Minister. The announcement made March 18 is only applicable to small businesses but a number of stakeholders across the industry employ a greater number than would qualify under the definition of small business;
• Equal and fair access to funding through federal agencies, EDC or BDC as other industries have for credit instruments. Presently, for example, BDC has indicated that the regulated cannabis sector can not access the $10B in stimulus funding, part of which is available through that crown corporation.
We are not asking for special treatment, but rather equitable treatment.
These are difficult times and we appreciate the Government of Canada taking decisive action. Regulated cannabis companies face economic stigmatization despite serving the legal, federally regulated system. All Canadian cannabis companies highly value our employees, patients, and consumers — their health and safety are our top priority.
We are asking that this industry, which has added a cumulative total of $8B to the Canadian GDP over the course of the last year, specifically and explicitly be included in all economic stimulus measures and provided the support that is being offered to every other Canadian business at this time.
365 Vertical Group
7 Points Cannabis
Alberta Cannabis Council
Association québécoise de l’industrie du cannabis
Auxly Cannabis Group Inc.
Aylmer Nelson Cannabis
Cannabis & Hemp Innovation Centre
Cannabis 101 Podcast
Cannabis Council of Canada
Canopy Rivers Inc.
Draw It Right
Fire & Flower Inc.
Friendly Stranger Holdings Corp
Grassroots Cannabis Inc.
Green Nation Naturals
Grow Tech Labs
Morgan Dakin & Jeff Callaway
High Ground Cannabis Inc.
Kiaro Brands Inc.
Made In Cannabis Inc.
Material Ventures Inc.
McCarthy Professional Corp
Medicine Hat Chamber of Commerce
Merrco Payments Inc.
Mjayz Cannabis Shop
National Cannabis Working Group
National Institute for Cannabis Health and Education
Ontario Chamber of Commerce & Ontario Cannabis Policy Council
Rocky Mountain Extracts Co.
Rosebud Cannabis Farms
Running Leaf Corporation
Small Town Buds
Spirit Leaf – McDougall Franchise
Spirit Leaf Corporate Office
Spirit Leaf – Bow Trail Franchise
The Green Exchange
The Green Organic Dutchman
The Peak Cannabis Company
Upryze Cannabis Ltd.
Wabi Sabi Brands