TO­BACCO FIRMS SEEK SAME TAX LOGIC AS POT REG­U­LA­TION

National Post (Latest Edition) - - FINANCIAL POST -

Im­pe­rial To­bacco Canada is urg­ing gov­ern­ments to use the same logic to regulate to­bacco and nico­tine as they plan to do for mar­i­juana. CEO Jorge Araya said Thurs­day his com­pany isn’t look­ing for a de­crease in taxes on cig­a­rettes. Rather, Araya says Im­pe­rial To­bacco wants a com­pet­i­tive tax regime for other nico­tine prod­ucts such as e-cig­a­rettes. Araya says he sup­ports a bill that seeks to le­gal­ize nico­tine-con­tain­ing va­p­ing prod­ucts. But he is against plain and stan­dard­ized pack­ag­ing for cig­a­rettes. He says brand­ing and low taxes dis­cour­age con­sumers from seek­ing il­le­gal prod­ucts that aren’t taxed or reg­u­lated. Araya says gov­ern­ments across Canada rec­og­nize the need for le­gal mar­i­juana to be com­pet­i­tive with the un­der­ground pot mar­ket and that they should use the same ra­tio­nale for to­bacco.

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