Cannabinoid Tax

Cannabinoid Tax refers to taxes imposed on the production and sale of cannabis products, such as marijuana and hemp derivatives likeCBD. As more places legalize cannabis, governments adopt these taxes to regulate the market, generate revenue, and address potential public health concerns. The tax rates can vary significantly between regions and may apply at different stages, such as cultivation, processing, and retail sales. Ultimately, Cannabinoid Tax aims to balance the benefits of legal cannabis with responsible oversight and funding for public services.