Iowa Code 453B.7 – Tax imposed — rate of tax
Current as of: 2023 | Check for updates
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An excise tax is imposed on dealers at the following rates:
1. On each gram of processed marijuana, or each portion of a gram, five dollars.
Terms Used In Iowa Code 453B.7
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Marijuana: means marijuana as defined in section 124. See Iowa Code 453B.1
- Taxable substance: means a controlled substance, a counterfeit substance, a simulated controlled substance, or marijuana, or a mixture of materials that contains a controlled substance, counterfeit substance, simulated controlled substance, or marijuana. See Iowa Code 453B.1
- Unprocessed marijuana plant: means any cannabis plant at any level of growth, whether wet, dry, harvested, or growing. See Iowa Code 453B.1
2. On each gram or portion of a gram of any taxable substance, other than marijuana, sold by weight, two hundred fifty dollars.
3. On each unprocessed marijuana plant, seven hundred fifty dollars.
4. On each ten dosage units of any taxable substance, other than unprocessed marijuana plants, that is not sold by weight, or portion thereof, four hundred dollars.