You are here

Home 🌿 Marijuana Politics 🌿 Jamaica Mulling Options for Taxing Marijuana 🌿

Jamaica Mulling Options for Taxing Marijuana

Warning message

The subscription service is currently unavailable. Please try again later.
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...

Rate this article: 
Region: 
Jamaica

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://laht.com/article.asp

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.