CDCSA expects tax revenue boost for SA
The Cannabis Development Council of South Africa (CDCSA) said on Tuesday that it had set up branches in all provinces to ensure all who traded in cannbis paid their taxes and also paid a tax called the IKS tax which will be used to develop indigenous communities.
The CDCSA welcomed the Constitutional Court’s ruling regarding the private cultivation and use of cannabis saying: “We the CDCSA hereby accept the ruling by the judiciary. We salute our Justice System.”
Founder and visionary of House of Hemp, Dr Thandeka Kunene, said South Africa deserved to benefit from tax to be drawn from cannabis trade in a simillar way to Sin tax and VAT. “In Colorado the US made R80 billion first year. We deserve that.
Read the full story on: IOL.
Comments