Cannabis Excise Tax

The Cannabis Excise Tax is a specific tax imposed on the sale of cannabis products, often applied at the point of sale to consumers. This tax is typically levied by state or local governments following the legalization of cannabis for recreational or medicinal use. The revenue generated from this tax is often allocated to public services, such as education, healthcare, and substance abuse programs. The goal of the tax is not only to generate funds but also to regulate the industry and discourage illegal sales by making legal cannabis more costly compared to the black market.