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Jamaica Mulling Options for Taxing Marijuana

Submitted by Marijuana News on Sat, 08/15/2015 - 09:57

SAN JUAN – Jamaica’s Ministry of Industry, Investment and Commerce has proposed four different sets of levies on medicinal marijuana and is eager to receive feedback from the population, an official confirmed to EFE on Friday.

The ministry has proposed a licensing fee and income tax as well as cultivation, distribution and sales taxes.

“As with every other food, nutraceutical and pharmaceutical product, the new cannabis products will have to meet specific relevant health, safety and environmental requirements, as well as the required standards for product quality, labeling and packaging,” Minister Anthony Hylton said in a statement.

Regulations are necessary to deter “irresponsible sale and usage of its by-products, in the hope of reducing the attendant illegal activities that are now associated with the sector,” he said.

A ministry official told EFE the general public has been invited to submit comments that are to be taken into account when the...

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