By 420 Intel on Wednesday, 28 February 2024
Category: Politics

House of Commons Standing Committee on Finance calling for changes to Cannabis tax

House of Commons Standing Committee on Finance calling for changes to Cannabis tax
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Cannabis News February 28, 2024

The federal House of Commons Standing Committee on Finance is recommending a change to how cannabis excise taxes are applied. The change calls for moving from a rate of $1 per gram or 10% of a producer’s selling price (whichever is higher) to a 10% ad valorem rate. This rate currently applies to

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