newsfilter
← Latest News
GlobeNewswire·

Village Farms Applauds Budget 2026 Common Cannabis Excise Stamp

VFF
  • Village Farms International welcomed the Canadian government's Budget 2026 announcement of a common cannabis excise duty stamp, a priority the company advocated for years.
  • The new measure reduces the number of unique excise duty stamps from 13 to six for jurisdictions sharing the same tax rate, effective January 1, 2028.
  • CEO Michael DeGiglio stated the current requirement for 13 different stamps created unnecessary complexity, slowed supply chains, & added costs without delivering value.
  • The government invites jurisdictions with Coordinated Cannabis Taxation Agreements outside the current group to adopt the national stamp.
  • Canada's legal cannabis industry contributed approximately $16 billion to GDP in 2024 & supported over 227,000 jobs.
  • Statistics Canada data shows cannabis generated $2.83 billion in farm cash receipts in 2025, making it the sixth-largest crop in the country.
  • Village Farms plans to continue working with governments on excise reform & a national export strategy to help Canadian producers compete globally.
  • The company operates the world's largest EU-GMP certified cannabis facility in Delta, British Columbia, & exports to international medical markets.
  • Village Farms holds equity interests in cannabis businesses in Australia & Germany, operates in the Netherlands, & owns the CBDistillery brand in the United States.
  • The company's Clean Energy division transforms landfill gas into renewable natural gas & holds an equity interest in Verdexa Holdings.
Company
Village Farms International, Inc.
Keywords
Nasdaq:VFF, Village Farms International, Inc., cannabis, excise stamp, national excise stamp, common excise stamp, global cannabis, canadian cannabis