Village Farms Applauds Budget 2026 Common Cannabis Excise Stamp
Key Highlights
- ➤Common stamp reduces cannabis excise stamps from 13 to six
- ➤Common stamp takes effect January 1, 2028
- ➤Canada’s legal cannabis industry contributed approximately $16 billion to GDP in 2024
- ➤Cannabis generated $2.83 billion in 2025 farm cash receipts
Expert Statements
Michael DeGiglio, President and Chief Executive Officer of Village Farms International
“I want to thank the Government of Canada, and particularly Finance Minister François-Philippe Champagne, for listening to our industry and taking meaningful action to address a longstanding regulatory burden. I also want to recognize the Province of British Columbia for its consistent support in advancing this reform”
Michael DeGiglio, President and Chief Executive Officer of Village Farms International
“Village Farms has been making the commonsense case for a national excise stamp for years. Requiring 13 different stamps for the same product created unnecessary complexity, slowed down our supply chain, and added costs without delivering additional value. We now encourage all provinces and territories to adopt the national stamp so that producers and distributors across Canada can realize the full benefits of this important reform.”
Michael DeGiglio, President and Chief Executive Officer of Village Farms International
“This measure helps cut red tape and allows business to do what it does best. It is encouraging to see cannabis treated like a mature part of the Canadian economy that it is. We’ll keep working with government to advance further conversations around excise reform and a national export strategy, so Canadian producers can compete globally and make an even greater contribution to Canada’s economic growth, job creation and export ambitions.”
DELTA, British Columbia, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) yesterday welcomed the Government of Canada’s announcement in Budget 2026 of a common cannabis excise duty stamp, a measure the Company has advocated for as one of its top policy priorities.
“I want to thank the Government of Canada, and particularly Finance Minister François-Philippe Champagne, for listening to our industry and taking meaningful action to address a longstanding regulatory burden. I also want to recognize the Province of British Columbia for its consistent support in advancing this reform,” said Michael DeGiglio, President and Chief Executive Officer, Village Farms. “Village Farms has been making the commonsense case for a national excise stamp for years. Requiring 13 different stamps for the same product created unnecessary complexity, slowed down our supply chain, and added costs without delivering additional value. We now encourage all provinces and territories to adopt the national stamp so that producers and distributors across Canada can realize the full benefits of this important reform.”
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