Blue Diamond Ventures Inc (BLDV)

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Canada reaches pot tax revenue deal with provinces

Published on Dec 11, 2017

Canada has reached a deal with the provinces and territories for sharing tax revenue from legal pot sales. The provinces and territories will get 75 per cent of the tax revenue and the federal government will get 25 per cent. Ottawa will be capped at $100 million annually with excess revenue going to the provinces and territories.

- Given the focus of the meeting was Canadian federal, provincial and municipal government tax revenues, one can understand why Health Canada is encouraging cannabis producers to expand which will increase sales (see posted linked below) and thus maximize government tax revenues when legalization becomes effective in Canada in July 2018.

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