Justin Trudeau Surprises Premiers, Outlines Proposed Excise Tax on Legalized Marijuana (+video)

Article by Global News

Prime Minister Justin Trudeau is proposing to levy a federal excise tax on recreational marijuana once it becomes legal next July, with the provinces and territories receiving half the revenue.

Under the federal proposal put to premiers during a first ministers meeting today, each gram of pot would be subject to an excise tax of $1 on sales up to $10 and a 10 per cent tax on sales of more than $10.

However, some premiers argue that provinces will foot the lion’s share of the cost of regulating and enforcing the new regime and should, therefore, get the lion’s share of the revenue.

“For the first time that I’m aware of, the federal government is looking at a revenue-sharing model. That’s not something we’d contemplated before,” said British Columbia Premier John Horgan, as he left his first-ever First Ministers Meeting, held Tuesday in Ottawa.  “I believe provinces are concerned that there’s a whole bunch of costs imposed on us in terms of distribution, in terms of regulation … and so on.”

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