Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

Hemp Industry Daily reports..

Swiss customs officials have returned approximately CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court said their products were unconstitutionally taxed as a tobacco substitute.

CBD sellers in Switzerland had taken legal action to protest the 25% sales tax imposed on their goods as tobacco substitutes, according to a June 5 report from the Neue Zürcher Zeitung newspaper.

The Federal Supreme Court in Lausenne ruled in January that there was no legal basis to impose tobacco tax on the CBD products.

“After an in-depth analysis of the judgments, the Federal Customs Administration has now decided to reimburse all manufacturers in question of the tobacco tax in question,” the customs agency wrote on its website in June.

Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

 

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