Are there any laws governing the taxation of cannabis products?

Yes, there are laws in Delaware governing the taxation of cannabis products. As of 2021, Delaware imposes an excise tax of 15% on the sale of cannabis products from a licensed dispensary. In addition, Delaware imposes a 6.7% sales tax on recreational cannabis purchases from a licensed dispensary. This taxation is in place to help ensure that the sale and distribution of cannabis products is regulated, monitored and taxed to benefit the public coffers. Furthermore, cannabis taxes help to discourage large-scale cannabis production and consumption, and they can also be used to help fund social programs and state agencies. The taxation of cannabis products was designed to not only generate revenue for the state, but to also increase public safety by limiting access to cannabis and to discourage illegal drug activity. In addition, the tax dollars collected are used to fund public health initiatives and cannabis-related research. It is important to note, however, that medical cannabis is exempt from Delaware’s tax structure. This is to ensure that those who are in need of medical cannabis can more easily afford it. As such, medical cannabis products are only taxed at the point of sale at a rate of 6.7%, just like other medical products.

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Are there any laws governing the taxation of cannabis products?

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