Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (37078)	11/14/2017 1:13:54 PM
From: Goose94	Read Replies (1) \| Respond to of 203346

Marijuana becomes legal it will be taxed gram on purchases of less than $10, and a 10-per-cent tax on purchases above $10. Tax would be applied equally to recreational and medical pot. The excise tax would be split 50/50 between Ottawa and the provinces. The price of legal pot has yet to be set by provinces, but it will be in the $8-to-$10-a-gram range. The price has to be competitive with the black market and street prices average $8.84 a gram. If the current taxation proposal is adopted, an $8 gram of weed would cost $10.17 at the register in Ontario ($1 excise tax plus $1.17 HST) and $9.45 in Alberta ($1 excise tax plus $0.45 GST). That is in the sweet spot that would allow legal retail outlets to compete with street dealers. Canadians for Fair Access to Medical Marijuana argues that users of medical pot should be exempt from taxes because other prescription drugs are not taxed. Mr. Picard calls that a dubious position because pot is like no other prescription drug -- it is not tested in clinical trials, packaged in measurable doses or sold in pharmacies.