New Medical Tax Changes
A new bill takes effect June 6th, 2024 that removed the 37% excise tax from DOH-compliant products for medical cannabis patients registered in the patient database.
Why Should You Care?
Registered patients currently receive the 8.9% sales tax exempt on all cannabis products. The DOH-compliant products will have the additional 37% tax-exempt for a total of a 45.9% tax exemption.
What You Need to Know!
What Are DOH-Compliant Products?
DOH-compliant products are cannabis products that have undergone additional testing for heavy metals and are subject to more stringent rules and regulations. For a cannabis product to earn the DOH-compliant label, it must undergo testing that surpasses the state’s standards for normal recreational products.
There are three types of DOH-compliant products:
- General Use
- High CBD
- High THC
