Canada intends to Impose Excise Tax on Cannabis and Patients and Producers Aren’t Happy

Canada’s government that is federal revealed a federal taxation plan that would impose a tax that is excise of1 for each and every gram of cannabis or 10% associated with the price, whichever for the two is greater. This proposed excise tax plan comes as Canada makes when it comes to legalization of leisure cannabis by July 2018.

The master plan has gained the ire of patient advocate groups and medical cannabis proponents, along with of licensed cannabis producers into the nation. This will be primarily because the proposed excise income tax will apply to both leisure and cannabis which can be medical it’s going to be used on the surface of the product sales income tax this is certainly already presently imposed on medical cannabis.

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