Feds agree to give provinces 75 per cent of pot tax revenues
- Thread starter Murphy
- Start date
The provincial finance ministers are ticked, and rightly so IMO, about the tax percentages.
Cannabis Sales a Big Flash Point as Finance Ministers Meet
CTV News | News Video - Top National News Headlines - News Videos
Alberta Finance Minister Joe Ceci talks about today's deal.
http://www.ctvnews.ca/video?playlistId=1.3715593
Cannabis Sales a Big Flash Point as Finance Ministers Meet
CTV News | News Video - Top National News Headlines - News Videos
Alberta Finance Minister Joe Ceci talks about today's deal.
http://www.ctvnews.ca/video?playlistId=1.3715593
On the thesis that the Federal government is only entitled to taxes from activities it is involved in, the entire Federal budget should come from taxing imports, exports, and Federally chartered corporations.
On that, we'll have to disagree, and wait until the numbers come out next year. In the meantime,
Marijuana economics: predicting Ontario's legal pot market
Data on the potential for recreational weed sales suggest retail value of some $2 billion in first year
http://www.cbc.ca/news/canada/toronto/marijuana-ontario-price-market-sales-1.4298311
Want a job selling legal marijuana? You face an awkward dilemma
By Patrick Cain
It would make for a seriously awkward job interview.
Ontario plans to have 150 publicly owned marijuana stores open across the province by 2020. They’ll be staffed by people with what provincial employees’ union chief Warren ‘Smokey’ Thomas calls “good union jobs.” (Hourly wages for Ontario liquor store workers top out at over $27 an hour.)
And, as chance would have it, part of the province’s work force with years of experience in selling marijuana is about to come on the job market, as a promised shutdown of semi-tolerated dispensaries takes place.
https://globalnews.ca/news/3736757/dispensary-workers-hired-to-sell-legal-marijuana/
"Thomas said the 40 stores will likely require about 200 new union members and that could eventually grow to 1,000 or more."
https://www.thestar.com/news/queens...trained-for-pot-store-openings-next-year.html
One could say that businesses will have to pay big bux to employees, and that will reduce profits. The feds are expecting $400 million in sales the first two years. But I suggest that trusting a CDN politician's estimate is foolhardy. Colorado, with a population of 5.5 million, topped 1 billion (US) in sales in 2016. That's about 1.3 billion in Canuckian dinars. Even with a different business and tax structure, our sales will be higher than the feds have estimated.
Further, I would say that Parliament has no idea of how much will be made. They will have to wait and see, just like the rest of us.
Colorado Topped $1 Billion in Legal Marijuana Sales in 2016 | Fortune
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$1B in gross sales. What's the net? What is the State's cut? How much is bought then resold nationwide illegally?
That, as I said, is yet to be determined. There was sufficient revenue generated in Co. that itmeant they had to cut their citizens a rebate cheque. Like Colorado, no one here truly has an idea of how much money will be made. We'll have to wait and see.
You can see all the estimates, both high and low using the google. You can also check out Colorado's earnings. There should be a cost breakdown for them as well, in cyberspace.
When a quarter oz sells for $125 in NYC but can be bought for $50 in CO, do you think the numbers jive?
CO is feeding off the illicit market.
CO is feeding off the illicit market.
A lot of this is hype from politicians, not people in the business. In reality the new law will not impact a lot of growers and users except there will be less threat of being busted.
The waterheads in Ottawa still think weed is $70 a quarter oz like it was 25 years ago.
Of course they can go **** themselves. I like cannibis and no governing body will dictate my relationship, it's a plant, go fuk yourself. You twits will dictate my tomatoes? No you won,t.
How does it make you feel? GOOD in 95% of answered polls. They don't want us to feel good it would seem. It should be on every front lawn. Don't let the pricks win. It has no effect on them cuz thier of the near dead, duds, happens with evolution.Most likley to be struck down in a motor vehicle incident at intersections, I suppose.
Or lightning.
A dandelion tax, of course, is just arround the corner. Fuk off
How does it make you feel? GOOD in 95% of answered polls. They don't want us to feel good it would seem. It should be on every front lawn. Don't let the pricks win. It has no effect on them cuz thier of the near dead, duds, happens with evolution.Most likley to be struck down in a motor vehicle incident at intersections, I suppose.
A dandelion tax, of course, is just arround the corner. Fuk off
Simple solution. Allow pharmacies to sell prescription marijuana tax-free and then hike the tax on the recreational stuff.
If it grows on my land I will consume it, if it tastes good, and you can go fukk yourselves
The plant in question, has history several tens of thousnds of years in record, which do you think will prevail?
That's right, pot heads rule your life, why not subscribe?
You are getting zip of my revenues from pot, are you insane I,m a criminal?
The plant in question, has history several tens of thousnds of years in record, which do you think will prevail?
That's right, pot heads rule your life, why not subscribe?
You are getting zip of my revenues from pot, are you insane I,m a criminal?