No property tax break for medicinal pot growers
The BC government is excluding federally-licensed medical marijuana production from the list of agricultural uses that qualify for farm classification for assessment and property tax purposes.
The province says the decision will ensure local governments do not lose potential property tax revenues from the Health Canada licensed-production facilities.
There are currently five federally-licensed facilities in British Columbia.
B.C.’s position takes into consideration the nature of the highly-regulated and secure facilities, and is consistent with the approach being taken in neighbouring Alberta.