Medical Marijuana Patients Prepare for Tax Hike
While legalization is good news for many recreational users of marijuana, those using it for medical reasons are bracing for a financial hit from new taxes.
Medical marijuana is already subject to HST, which does not apply to other prescription drugs. But when legalization takes effect in October, users will also have to pay an excise tax of $1 per gram, or 10 per cent of the retail price, whichever is greater.
That’s the same tax being applied to recreational sales.
“I don’t think it’s fair that I have to pay tax on medication to begin with… and now they’re adding more taxes to it,” said Jean-François Turcotte, who uses medical marijuana to relieve the pain of injuries from a car accident three years ago.
Read the full article from CBC.