March 08, 2022 07:23 ET | Source: Research and Markets Research and Markets
Dublin, March 08, 2022 (GLOBE NEWSWIRE) -- The "Tax Regulation in the US for Vaping Products Intended for Pulmonary Delivery of Cannabinoids" report has been added to ResearchAndMarkets.com's offering.
This tax regulatory report provides detailed analysis and comparison of existing tax systems in each state of the US relatively to cannabis vaping products.
Report includes a complete list of definitions of cannabis, hemp, cannabis vaping products, taxation rules in each state and additional visual data charts for understanding insights about tax burden and end-user prices.
This report will be useful for existing and new brands, manufacturers, distributors and market analysts engaged in cannabis business in the USA. In the report, sales, excise and special taxes and calculated tax burden for different categories of vaping products are reviewed.
The main product categories, which have been analyzed in this report in scope of tax burden and end-user price, are:
Currently there are no federal taxes common for cannabis products, although the legislation is being revised. The major features of cannabis business in the USA are tight regulation and high taxation. Government taxes imposed on cannabis vape products vary greatly due to the gradual state by state legalization of cannabis for various purposes. Each state has developed its own independent taxation systems for cannabis products, attention should be paid to the definitions applied and categories of products included in it.
Cannabis products and related devices are subjected to excise (wholesale and retail), state and local sales taxes. Excise Taxes
Excise taxes are imposed on medical cannabis (13 states and District of Columbia); recreational cannabis (15 states); hemp-derived CBD (Louisiana). Five more states have agreed to apply excise taxes to recreational cannabis in the next few years. Two states have levied excise taxes on medical cannabis recently (from January 1, 2022).
For more information about this report visit https://www.researchandmarkets.com/r/pswuj9