In other words, the higher the THC content is of a product, the more taxes it will bear. This decision was made for easier compliance by manufacturers of cannabis oils, though the taxes will be applicable to both recreational and medicinal cannabis. Currently, the excise tax for cannabis oils and dried cannabis flower, which were legalized last October 2018 for recreational use, is capped at 10% per gram or a gram-equivalent; translating to $1 a gram whichever is more.
No comments:
Post a Comment