(This is an abridged version of a story that appears at Hemp Industry Daily.)
Some Canadian hemp farmers are proposing a 0.5% tax on product sales that would help fund research and promotion of their goods.
The Farm Products Council of Canada plans to consider the proposal at a hearing in January. Written opinions are due Nov. 24.
If the Council likes the idea, it could recommend the hemp checkoff to Canada’s Minister of Agriculture. A federal Cabinet would make the final decision.
The ad hoc pro-tax group has the support of the Canadian Hemp Trade Alliance. But a fear the levy could decrease profits doesn’t sit well with some other Canadian hemp farmers.
(Click here to read more about the debate over this unique proposal.)