ICC International Cannabis Corp WLDCF

Canadian Budget..Cannabis Tax exempt.

[KerBer]

Getting Ready for the Legalization of Cannabis The Government has committed to legalize and strictly regulate and restrict access to cannabis, to keep it out of the hands of Canadian children and to keep profits away from criminals and organized crime. To this end, the Government is taking additional steps in preparation for legalization. Through Budget 2018, the Government will ensure that taxes on cannabis products remain low. To help those who rely on medical cannabis, the Government will exempt from excise duties low-THC products, including low-THC cannabidiol oils, which are sometimes used by children facing certain medical conditions, and prescription pharmaceutical products that are derived from cannabis. The Government will also examine options to provide retroactive reimbursement for duties imposed on equivalent products prior to them being given a Drug Identification Number. The Government will also provide additional funding to support community-based organizations and Indigenous organizations that are educating the public on the risks associated with cannabis use.