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

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

Canada’s federal government has unveiled a federal income tax plan that could impose a tax that is excise of1 for virtually any gram of cannabis or 10% associated with cost, whichever of this two is greater. This proposed excise tax plan comes as Canada prepares for the 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 when you look at the nation. That is primarily because the proposed excise income tax shall apply to both leisure and cannabis which are medical it’s going to be applied on the surface of the sales taxation this is certainly currently presently imposed on medical cannabis. Okumaya Devam Et

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