The debateI'm wondering how different governments will attempt to regulate this product and more importantly, will the product be taxed similarly to tobacco? Will the product have a price advantage over cigarettes? What type of regulatory processes regarding advertising the health benefit analysis claims of tobacco vs, CBD cigarettes will be permitted. How will the tobacco lobby react to the product potentially taking market share? Big tobacco is a powerful lobby to be reckoned with considering the amount of tax dollars they contribute to governments....small ...example below...
Tobacco tax rates
As of 12:01 a.m., March 29, 2018, the current tax rates are:
- 18.475¢ per cigarette
- 18.475¢ per gram or part gram of tobacco product other than cigarettes and cigars
- 56.6 per cent of the taxable price of a cigar.
Tobacco tax on a pack of 20 cigarettes equals $3.70, on a pack of 25 cigarettes equals $4.62 and on a carton of 200 cigarettes equals $36.95.