Hemp Industry Daily studies..

Swiss customs officers have returned roughly CHF 33 million ($36 million) to low-THC cannabis flower producers and sellers after a court docket mentioned their merchandise have been unconstitutionally taxed as a tobacco substitute.

CBD sellers in Switzerland had taken authorized motion to protest the 25% gross sales tax imposed on their items as tobacco substitutes, in accordance with a June 5 report from the Neue Zürcher Zeitung newspaper.

The Federal Supreme Court in Lausenne ruled in January that there was no authorized foundation to impose tobacco tax on the CBD merchandise.

“After an in-depth analysis of the judgments, the Federal Customs Administration has now decided to reimburse all manufacturers in question of the tobacco tax in question,” the customs company wrote on its web site in June.

Switzerland refunds $36M in taxes levied on low-THC cannabis growers, sellers

 

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