Taxation and Regulation of Cannabis

Taxation and regulation of cannabis refer to the laws and policies that govern its sale, distribution, and use. As cannabis becomes legalized in various places, governments impose taxes similar to alcohol or tobacco. These taxes can generate significant revenue while also helping ensure safe consumption through regulations, such as quality controls and age limits. Regulations may also include licensing requirements for growers and sellers, restrictions on advertising, and rules about where it can be sold or used. This approach aims to balance public health, safety, and economic benefits while reducing illegal market activities.