e-4150 (Business and trade)

Petition to the House of Commons

• With Canada being a G7 country that legalized cannabis, allows an opportunity to aid our environmental recovery, rebuild our economy and improve Canadians quality of life;
• The cannabis industry generates $15.1 billion in tax revenues and $3 billion in Ontario and requires legislation reform;
• The economic health of the cannabis industry is at risk due to high taxation and fees making it difficult for cannabis businesses to be profitable;
• Required support for consumer safety, making it difficult to obtain illegal cannabis consumable, potentially containing higher levels of cannabis or impurities;
• The need to keep the illegal financial profits out of criminals pockets;
• The need to introduce cannabis tourism/hospitality, creating new career opportunities aiding in economic recovery, complementing the USA as it has only started and already generating over $17 billion dollars;
• Hemp creates environmental benefits, textile, food, insulation, medicine, biofuel, paper, and 25,000 other products expanding the small business sector that makes up 98.1% of all employer businesses in Canada; and
• Hemp is indigenous heritage and can positively contribute to the $32 billion annually to Canada's Gross Domestic Product (GDP), with the private sector economy contributing over $12 billion.