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Crunch time nears for legalized pot

4 0 4
13.01.2018

Less that six months before the start of the legal marijuana era begins, here’s what the B.C. government has decided when it comes to how to handle it:

• The minimum age for consumption and possession will be 19,

• Wholesales distribution will be handled by the B.C. Liquor Distribution Branch,

• Retail sales will go through some mix of public and private stores.

There’s a bit more to this than just those items.

B.C. and other provinces have also succeeded in budging the federal government off its original offer of a 50-50 sharing of cannabis tax revenues. It’s going to be 75 per cent to the provinces, and Ottawa’s share is capped at $100 million a year. That suggests that the federal government won’t be making much money off this change, not that it expected much, given the new costs to be incurred. Whether the provinces can turn a buck from the new revenue stream remains to be seen, since they’ll bear most of the new costs.

Also pinned down is the tax........

© Times Colonist