TOBACCO FIRMS SEEK SAME TAX LOGIC AS POT REGULATION
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.