Nextleaf to launch THC-O as an excise tax-free alternative to Delta-9-THC
Nextleaf Solutions (OILS) has provided an update on the manufacturing of D9-tetrahydrocannabinol acetate, known as THC-O. Since it does not meet the definition of “Total THC” under the Excise Act 2001, which is aligned with the definition of the same in the Cannabis Act, based on the amount of total delta-9-THC present, THC-O is not subject to excise tax. Nextleaf sees potential to make its novel cannabinoid ingredient as an excise tax-free alternative to delta-9-THC with THC-O.
Nextleaf Solutions (OILS) has provided an update on the manufacturing of D9-tetrahydrocannabinol acetate, known as THC-O. Since it does not meet the definition of “Total THC” under the Excise Act 2001, which is aligned with the definition of the same in the Cannabis Act, based on the amount of total delta-9-THC present, THC-O is not subject to excise tax. Nextleaf sees potential to make its novel cannabinoid ingredient as an excise tax-free alternative to delta-9-THC with THC-O.
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