Predictably Israel Cannabis Import Tax Turns Into Shitstorm
Courts, lawsuits, firms, govt.. you know the score.
And the last line of this introductory para say it all. In the end its all about who can profit business or government
Business of Cannabis
Israel’s cannabis industry is engaged in a heated and divisive showdown as a proposed 165% tax on Canadian cannabis imports, on which a large portion of the industry and many patients rely, hangs in the balance.
Earlier this month, Israel’s Ministry of Economy, spearheaded by the Minister of Economy and Industry Nir Barkat, announced that it planned to go ahead with the proposed levies against Canadian cannabis imports, amid ongoing accusations of ‘product dumping’.
This has caused chaos in the market. Pro-import businesses have launched a well-funded campaign to petition the high court to block the tax, and the Ministry of Health and the Competition Authority have staunchly opposed the move.
Meanwhile, the Manufacturers Association and Cannabis Farmers Forum have both offered unwavering support for the tariff, and the future of the potentially transformative financial measures is now being played out on the political stage.
Despite the gaping divide, both sides largely agree that, at least in the short term, this tariff will significantly increase prices for patients.
