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11 Sep

Canada Plans to Impose Excise Tax on Cannabis and Patients and Producers Aren’t Pleased

Canada Plans to Impose Excise Tax on Cannabis and Patients and Producers Aren’t Pleased

Canada’s government that is federal revealed a federal income tax plan that could impose an excise taxation of $1 for each gram of cannabis or 10% associated with cost, whichever associated with the two is greater. This proposed tax that is excise plan comes as Canada prepares for the legalization of leisure cannabis by 2018 july.

The master plan has obtained the ire of patient advocate groups and medical marijuana proponents, along with of licensed cannabis producers within the nation. This might be due to the fact the proposed excise income tax will apply to both leisure and cannabis being medical it is put on the top of product sales taxation this is certainly at this time currently imposed on medical cannabis. Read More