‘Liberation day’, set to take place on April 02, has been pitched as the day the Trump administration will roll out sweeping and aggressive tariffs for all of the US’ trading partners.
This so-called ‘Super Bowl’ of trade policy is fast approaching, not only sending financial markets into a frenzy, but causing almost every domestic industry to investigate just how they’ll be impacted by the new regime.
This opaque, often contradictory and inconsistent stance of the Administration has not helped to ease the fear in the markets.
Cannabis is not an exception. As the deadline approaches, speculation and analyses about the potential impact on China, Mexico, and Canada are at their highest.
In a report released by the New York TimesTariffs on Chinese imports have already had a significant impact on the operating costs of cannabis businesses in the state.
Although New York’s state law stipulates that the cannabis used for sale must be produced locally, certain materials such as packaging and farming infrastructure as well as vape hardware, which are currently imported, face tariffs up to 45 percent.
The vape industry is set to feel the pinch, as hardware costs are expected to rise by more than 20%. This will force businesses to either absorb cost, increase prices or reduce quality. All these options will push customers to the already vibrant illicit market.
These pressures don’t just affect New York. They are felt throughout the entire country. Many firms move their manufacturing overseas to countries like Malaysia and Indonesia. But these places come with their own problems, such as higher prices, longer lead-times, and increased customs inspection.
Businesses are being forced to reduce costs. This could lead to another vaping case like the 2019 EVALI scandal, in which 68 people died.
North of the border: Stratcann According to reports, the Canadian Cannabis Industry is being affected by indirect tariff effects.
Canadian producers, like SNDL, are seeing significant price increases for essential packaging materials. These include mylar bags and aluminum cans. The majority of these products come from the US.
Some firms, such as High Tide, report that they are less affected by tariffs due to their localized supply chain. Others attribute the rise in input costs to fluctuations in currency and demand rather than to direct tariffs.
‘Liberation day’, set to take place on April 02, has been pitched as the day the Trump administration will roll out sweeping and aggressive tariffs for all of the US’ trading partners.
This so-called ‘Super Bowl’ of trade policy is fast approaching, not only sending financial markets into a frenzy, but causing almost every domestic industry to investigate just how they’ll be impacted by the new regime.
This opaque, often contradictory and inconsistent stance of the Administration has not helped to ease the fear in the markets.
Cannabis is not an exception. As the deadline approaches, speculation and analyses about the potential impact on China, Mexico, and Canada are at their highest.
In a report released by the New York TimesTariffs on Chinese imports have already had a significant impact on the operating costs of cannabis businesses in the state.
While New York state law requires that all cannabis sold there be produced locally, many key materials, such as packaging and farming equipment, are imported. These are now subjected to tariffs up to 45 percent.
The vape industry is set to feel the pinch, as hardware costs are expected to rise by more than 20%. This will force businesses to either absorb cost, increase prices or reduce quality. All these options will push customers to the already vibrant illicit market.
These pressures don’t just affect New York. They are felt throughout the entire country. Some firms have been known to shift their manufacturing from the United States to other countries, including Malaysia and Indonesia. However, these new markets come with their unique challenges, including higher prices, longer lead-times, and increased customs scrutiny.
Businesses are being forced to reduce costs. This could lead to another vaping case like the EVALI 2019 scandal that killed 68.
North of the border: Stratcann According to reports, the Canadian Cannabis Industry is already feeling the impact of indirect tariffs.
Canadian producers, like SNDL, are seeing significant price increases for essential packaging materials. These include mylar bags and aluminum cans. The majority of these products come from the US.
Some firms, such as High Tide, report that they are less affected by tariffs due to their localized supply chain. Others attribute the rise in input costs to fluctuations in currency and demand rather than to direct tariffs.
Cannabis Law Resources – Poland
Discover essential legal information about the cultivation of cannabis, its sale, and regulations governing medical products in Poland. You can use these resources to learn about the requirements for certifications, permissions and compliance.
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Polish News Registration and Interests of Cannabis Businesses
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Permissions for Cannabis Sales in Poland
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Authorization for Importing or Manufacturing Medical Products
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Permission for Manufacturing or Importing Medical Products
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Certificate of Good Manufacturing Practices (GMP)
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Registration of Medical Products in Poland