A gram of weed, a dollar (plus GST) of taxes says the Liberal government ahead of next July's legalization.
The proposed federal tax scheme for the legalization of marijuana was announced Friday in Ottawa.
"I'm very comfortable that the level of taxation that has been determined in this case achieves our goals of keeping the price sufficiently low to be competitive with an illicit market, while at the same time not creating an incentive for the consumption and purchase of this drug," said Liberal MP Bill Blair.
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The plan would add an excise tax of $1 per gram or 10% of the final retail price, whichever is higher, with the revenues to be divided equally between Ottawa and the provinces.
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B.C. Premiere John Horgan has already criticized the 50/50 revenue split that the provinces won't be getting a fair share, considering they will be doing the bulk of the heavy lifting on legalization, including policing, distributing and regulating the sale of marijuana.
In October, Alberta released its marijuana legalization plan:
- Public possession limit of 30 grams (with no limit on possession in private residences).
- Sales will be in specialty stores, separate from alcohol, tobacco and pharmaceuticals.
- Limit of 30 grams per purchase.
- Smoking and vaping in public will fall under existing tobacco laws.
- No smoking or vaping in vehicles, including passengers.
- Four plants can be grown per household, to a maximum height of one metre each.
- Outdoor growing will be banned.
