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Tax breaks for medicinal cannabis production

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WQ.121/2021

WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY CONNÉTABLE OF ST. MARTIN

QUESTION SUBMITTED ON MONDAY 15th MARCH 2021

ANSWER TO BE TABLED ON MONDAY 22nd MARCH 2021

Question

Will the Minister advise –

  1. what tax breaks or similar mechanisms, if any, the Government is considering giving to firms awarded licences for the production of medicinal cannabis; and
  2. whether it is planned that any such tax breaks would remain in place until capital expenditure incurred by the relevant site is recovered?

Answer

The Government has no plans to offer tax breaks or similar financial inducements to firms awarded licences for the production of medicinal cannabis.