this is rather humorous... far from the way it will be
How much for legal weed?
The Canadian Press - May 16, 2017 / 6:52 am | Story: 197149
Photo: The Canadian Press
Provinces debating how much legalized marijuana should cost.
Governments from across the country will meet next month to debate a key question about Canada's eventual recreational-marijuana market — how much should users pay for their pot?
Federal Finance Minister Bill Morneau said Monday that cannabis taxation will be on the agenda when he meets with his provincial and territorial counterparts.
Morneau said the Trudeau government has begun designing a taxation regime — but he insisted the top concerns for Ottawa remain getting weed out of the hands of young Canadians and dealers on the street.
"Taxation will follow those principles, so we will be thinking about how we can ensure that the taxation doesn't generate a black market," Morneau said.
"We will constantly be looking at how we can ensure that we get criminals out of the market and protect youth in the market. That's our goal."
He's been adamant that maximizing federal revenues will not be the priority when it comes to pot and he's suggested the feds favour keeping prices competitive in order to wipe out illegal activity.
A recent C.D. Howe Institute report found 90 per cent of the black market would disappear if pot cost $9 per gram, projecting $675 million a year in federal and provincial revenues if governments only applied existing sales taxes.
Yeah 9 dollars a gree will do it
How much for legal weed?
The Canadian Press - May 16, 2017 / 6:52 am | Story: 197149
Photo: The Canadian Press
Provinces debating how much legalized marijuana should cost.
Governments from across the country will meet next month to debate a key question about Canada's eventual recreational-marijuana market — how much should users pay for their pot?
Federal Finance Minister Bill Morneau said Monday that cannabis taxation will be on the agenda when he meets with his provincial and territorial counterparts.
Morneau said the Trudeau government has begun designing a taxation regime — but he insisted the top concerns for Ottawa remain getting weed out of the hands of young Canadians and dealers on the street.
"Taxation will follow those principles, so we will be thinking about how we can ensure that the taxation doesn't generate a black market," Morneau said.
"We will constantly be looking at how we can ensure that we get criminals out of the market and protect youth in the market. That's our goal."
He's been adamant that maximizing federal revenues will not be the priority when it comes to pot and he's suggested the feds favour keeping prices competitive in order to wipe out illegal activity.
A recent C.D. Howe Institute report found 90 per cent of the black market would disappear if pot cost $9 per gram, projecting $675 million a year in federal and provincial revenues if governments only applied existing sales taxes.
Yeah 9 dollars a gree will do it