Trudeau pitched splitting tax revenue 50-50 with the provinces. Premiers have pushed back on a federal plan to levy an excise tax on cannabis and split the proceeds equally, saying provinces will have to bear much of the financial burden of legalizing the drug and thus should reap more of the financial windfall.
Prime Minister Justin Trudeau said Tuesday during the closing news conference of the first ministers meeting that Ottawa proposed an excise tax of $1 per gram of cannabis for pot sales up to $10, rising to 10 per cent of the total price for pot selling at a higher price point.
The proceeds would be split evenly, with 50 per cent kept in federal coffers and the other 50 per cent sent down the line to the provinces. Provinces would still be permitted to impose their own levels of taxation on the drug.
John Paul Tasker – CBC News – Oct 03, 2017.
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