Czech Cabinet Considers Draft Plan to Allow Regulated Cannabis Sales

October 20, 2022 · Ganjapreneur

Yesterday, members of the Czech cabinet heard a draft plan on launching a regulated cannabis market and increasing drug addiction and treatment spending, ČTK reports. National anti-drug coordinator Jindřich Vobořil told ČTK that a regulated cannabis market could be worth billions of crowns worth of tax-related revenues to the national budget. 

The plan is part of a strategy to address drug addiction in the country by 2027. It was laid out by then Prime Minister Andrej Babiš but his anti-drug minister had not issued a plan for moving forward. Vobořil returned to the anti-drug post in October 2021, following the election of Prime Minister Petr Fiala.    

The action plan will have five clear priorities. The controlled market, taxes, i.e. their improved collection, and a definition of the tax policy. This is something new in our action plans.

Vobořil to ČTK 

In its policy statement, Fiala’s cabinet indicated the regulation of addictive substances should correspond to the extent of their harmfulness, which would also be reflected in the excise taxes imposed on the substances. The plan includes new taxes on tobacco and alcohol. The nation already collected about CZK 60 billion in excise taxes on tobacco products and CZK 13 billion in excise taxes on alcohol, the report says.  

The plan would also review taxes on gambling, which currently brings in CZK 5.1 billion to the national budget and CZK 4.9 billion to city budgets annually; however, the draft plan says society loses CZK 150 to 180 billion a year due to health and other consequences of addictions and early deaths.   Full Story

In categories:International Legalization
Next Post

Early Draft of German Cannabis Legalization Plan Leaked

According to Politico, details of Germany’s current cannabis legalization plan were leaked on October 19 by the RND (RedaktionsNetzwerk Deutschland) newspaper group. The draft currently includes a plan to decriminalize sales and possession of cannabis, as well as allowing cannabis to be sold…
Read
Previous Post

Cannabis Bill addresses all concerns raised by Democrat and Pheu Thai parties

The Cannabis Bill, which has been reviewed by the House Scrutiny Committee, addresses all the concerns raised by both the Democrat and Pheu Thai parties, said Suphachai Jaismut, head of the committee and a party-list MP for the Bhumjaithai Party.…
Read
Random Post

Small Michigan Town Sees Potential Monopoly For Cannabis Stores

Cannabis real estate developer Jeffrey Yatooma could soon have dominance of Auburn Hills’ marijuana market. Yatooma’s impending dominance comes after a creative and successful ballot initiative that led to Auburn Hills voters approving weed businesses in the city in November…
Read
Random Post

The End of Cannabis 1.0? - Stock Analyst Gives Once High-Flying Canopy Growth a Price Target of $0.00

Canopy Growth Corp., a Canadian cannabis company, experienced a significant decline in its stock value on Wednesday. The stock plummeted approximately 22% to reach 46 cents per share. In light of these circumstances, Eight Capital analyst Ty Collin revised his price…
Read
Random Post

Senator Pushes DEA To Act With ‘Great Urgency’ To Reschedule Marijuana

Sen. Kirsten Gillibrand (D-NY) is calling on the Drug Enforcement Administration (DEA) to act with “great urgency” to reschedule marijuana in line with a recommendation from the U.S. Department of Health and Human Services (HHS). In a letter sent to…
Read
Random Post

Feds Signal Delta-8 Edibles Crackdown in New Warnings

The federal government is cracking down on delta-8 edibles that resemble popular snack foods, according to letters two agencies sent to six manufacturers. Though the letters cite violations of federal law related specifically to copycat products, the warnings hint a…
Read