Saskatchewan Aims to Break Even on Pot Sales, Holds Off on Revenue Projection

Article by CBC News

Province aims to break even on pot sales, holds off on revenue projection Too difficult to predict how much marijuana will be sold when legalized CBC News. A budtender displays cannabis for sale at a dispensary. While the province released final details on its cannabis legalization framework on Wednesday, it is not projecting revenues or expenses associated with the sale of pot. (David McNew/Getty)

The province is calling this year a “a trial year” for pot revenues, opting not to project revenues or expenditures in anticipation of the legalization of marijuana.

“We’re not looking at it as a revenue stream for the province,” Justice Minister Don Morgan told reporters Wednesday following the release of details on the province’s cannabis legalization framework. “We’re looking at it as a cost-recovery.”

Currently, there are too many unknowns with enforcement and operation costs, while it’s difficult to predict the volumes that would be sold, he said.

“So this year is somewhat of a trial year and we’ll watch as it goes forward.”

During question period, Sask. NDP justice critic Nicole Sarauer charged that the government was being “far from transparent” about how they would spend money received from the sale of cannabis, and that municipal and band leaders would be the ones bearing the costs of legalization.

Read the full article here.

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