Canada to Tax Cannabis Products Based on THC Information

Canada to Tax Cannabis Products Based on THC Information

In line with the Canadian federal government’s 2019 budget, the next revolution of cannabis items will likely be taxed in accordance with their THC content.

Tetrahydrocannabinol (THC) may be the primary psychoactive element of cannabis. This is exactly what provides weed users a top. High-THC cannabis is more connected utilizing the recreational utilization of the medication, which was legalized in Canada just last year.

With this specific news, we could very nearly hear users that are recreational Canada yelling NO!, or at the very least letting away a sigh that is collective.

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Effective May 1, cannabis extracts, topicals, and edibles will soon be topic to excise duties. Together with proposed excise income income tax rate is just one cent per milligram of total THC content. Read More