Ottawa could burden marijuana with enough taxes to keep the black market thriving

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Ottawa could burden marijuana with enough taxes to keep the black market thriving fpcomment

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And that will never happen.... best time for black market is coming....

Queens park is doing that with shitty service and regulations. They should’ve opened the lcbo stores to at least get some footprint out there and let private industry fill in gaps

Is it Thursday already? Every week some who doesn’t know anything decided to write an article about 🌳

I’ve bought a gram on the Rez for $6. How much will Ontario charge?

The Feds legalized pot, rather than simply de-criminalizing it, because legal sale meant a huge tax windfall for government. More money coming into the coffers means more money they can give away domestically, and internationally, to buy votes and international prestige. Sad!

Before Niagara grew grapes to buy, they shipped California grapes downtown to make quality house wines. Why go buy wine for Christmas gifts when you can ferment your own eh.

If a government stands to lose money due to a black market of a taxible good, historically they amp up enforcement to avoid financial loss. They will probably crack down harder on illegal grow ops after it is legalized and part of a tax revenue stream than before it waa legal.

Of course they well. You think the bikers and the mob not gonna take their piece of the action? Think again.

So true

If I could buy stocks in a criminal pot organization.......

That's exactly what they'll do. I'll be enjoying the same great quality stuff I always have, for a fraction of the price, without fear of being prosecuted. Life is good.

All worried about the plunder, no thought going into this over regulated mess that won't work.

Hahahahaha National Post will say anything to bash the Trudeau government. Anything.

What is wrong with you people at the Post ... High booze prices does not mean there is a still producing moonshine close by. Stop trying to create news rather that reporting it.

I guess, at this point it's clear, if anyone could fuck this up, it's Ottawa.

Who saw this coming (besides literally everyone who hasn't toked away half their brain cells)?

Not could - will... Greed.

Currently, pot smokers claim to spend $7.00 per gram on the black market. BC is thinking the price, including tax, should be closer to $10.00 per gram. Maybe BC should recalibrate their expected tax windfall.

Classic change management challenge. Forget about getting the pricing right for now. Job 1 is manage the cultural shift. Once it’s legal and flowing, then we figure out the the pricing and put pressure on the black market. You can’t boil the ocean.

Legal pot is already twice the price as black market marijuana who do you thinks going to buy pot that’s twice as expensive?

fpcomment What a disaster this will be, a lot of money will be lost by entrepreneurs and investors including the governments and the bad guys will be laughing all the way to wherever they keep their money

fpcomment Of course they will. We can buy marijuana and the food and the oils anyday whenever we feel like it but it is not legal. Taxes will help underground business.

fpcomment Does that mean all the illegal Pot Shops in ottawacity will remain open ? New Pot shops are opening up in Ottawa as I write. Absolutely no law enforcement to shut down illegal dealers. Why have laws if the criminals know they can get away with breaking the law ? fordnation

fpcomment Don’t want to interfere with thriving businesses on the reserves ParodyCabinet

fpcomment just like cigarettes and booze

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines