A proposed federal tax plan unveiled by Ottawa Friday would see legal cannabis purchases levied with a $1 per gram tax or 10 per cent on the final sale, whichever is higher, plus GST.
So that rumoured price of $8 per gram would jump to $10.17 under this proposed tax scheme. This would be applicable to all fresh and dried marijuana products, pot-infused oils and seeds, and seedlings used for growing at home.
— CP24 (@CP24) November 10, 2017
Tax revenue would be split 50-50 between Ottawa and the provinces under this plan.
So, how does $10.17 per gram sound?