No tax break for pot growers

The B.C. government says medical marijuana companies won't be able to take advantage of a property tax break that was designed for agriculture.

Mayors in B.C. have been raising concerns that marijuana growing operations could set up on expensive industrial land and then ask to be taxed as farmland.

The classification could dramatically reduce those companies' property taxes, in some cases by tens of thousands of dollars.

The province says it plans to exempt medical marijuana operations from the agricultural tax designation beginning in the 2015 tax year.

In April, new federal rules took effect that moved medical marijuana production to licensed commercial growers.

There are currently five operators in B.C. that have been approved by Health Canada, but the federal government has received hundreds of applications.


Comments are pre-moderated to ensure they meet our guidelines. Approval times will vary. Keep it civil, and stay on topic. If you see an inappropriate comment, please use the ‘flag’ feature. Comments are the opinions of the comment writer, not of Castanet. Comments remain open for one day after a story is published and are closed on weekends. Visit Castanet’s Forums to start or join a discussion about this story.

More BC News

Vancouver Webcam
Webcam provided by webcams.travel
Recent Trending
Okanagan Oldies
Castanet Proud Member of RTNDA Canada