CannaGrowth.com | Vermont says CBD should be taxed, unlike MMJ or other drugs
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Vermont says CBD should be taxed, unlike MMJ or other drugs

18 Oct Vermont says CBD should be taxed, unlike MMJ or other drugs

Vermont is charging sales taxes on CBD, a departure from the state’s position on medical marijuana and other drugs. A recent ruling by Vermont’s Department of Taxes stated that “cannabidiol products do not qualify as ‘drugs'” and should be taxed Vermont’s 6% sales and use tax. Medical marijuana, on the other hand, is exempt from sales taxes in Vermont, the same as prescription drugs. The taxation ruling was requested by retailers selling CBD products, the Seven Days weekly newspaper in Burlington reported. “We wanted to make sure we were doing everything in accordance with the law,” said David Mickenberg, a ... Vermont says CBD should be taxed, unlike MMJ or other drugs is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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