Another new announcement from Ottawa that they have proposed the tax on the upcoming legalization of marijuana in Canada.
They have proposed a $1 per gram tax up to 10% whichever is greater, and on top of that, they are applying GST.
From the $1 half will go to the Provincial Government and the other half will be going to the Federal Government.
They say they are trying to find a balance to discourage the sale of cannabis while still keeping it competitive enough.
Nothing is finalized yet as there a several meeting happening in December regarding this topic.
So what will this mean for growers? We will keep you posted on progress.
For the full article and video please visit: Marijuana Tax Proposal From Ottawa