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Sales taxes will apply to medical marijuana, and it's all in a word cited by the state revenue department
Source:
theadvocate.com
- Jun 18, 2018
Prescription drugs in Louisiana are exempted from state sales tax. That won't be the case for medical marijuana, a drug that will be "recommended" by doctors rather than "prescribed."
With that nuance of words, the state’s full sales tax — currently at 5 percent — will be tacked on to purchases of the drug when it becomes available, likely later this year, according to the state Department of Revenue, settling what had been an open question in the industry.
The 5th penny of sales tax is slated to roll off the books at the end of this month, so marijuana could be taxed at a lower rate when it hits the market, depending on whether the Legislature passes any changes to the sales tax.
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Category: General Business
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