Pot taxes will stay low in order to push out pushers, Morneau suggests
WASHINGTON — Here’s some good news for Canadian pot smokers: high taxes will not join the munchies, the pasties and short-term memory loss as unwelcome side effects of smoking up.
The Canadian government is hinting it wants to keep pot taxes low.
As the feds design taxation policy for soon-to-be-legalized marijuana, Finance Minister Bill Morneau said Friday that he will be guided by one main goal: squeezing out the black market.
He is adamant that maximizing federal revenues is not, and will not be, the priority on pot, suggesting Ottawa favours keeping prices competitive against the street value in order to push the local pusher out of business.