Why should Canadian Cannabis Consumers care about the current cannabis excise tax regime? Canadian’s already pay taxes on most products they purchase, why would cannabis be any different?
While patients are no strangers to medical expenses, many are unaware of the fact that cannabis can be claimed under certain circumstances. Along with glasses, dental work, and prescription medications, cannabis purchased through a licensed medical provider can be claimed on personal taxes.
In Canada, cannabis is taxed at 10% of the dried flower selling price. Approximatelh 25% of this revenue goes to the federal government, and 75% to a provincial or territorial government. Some are saying the system is broken.