Canada Proposes $1 Per Gram Marijuana Tax
CANADA PROPOSES TAXING RECREATIONAL WEEK $1 PER GRAM
(CNN) – Canada is looking to tax recreational marijuana.
Canada’s Department of Finance reaffirmed Friday that not only does it want to legalize recreational marijuana, but that it wants to put a dollar-per-gram tax on it.
The proposal sent shares of Canadian marijuana companies soaring.
The tax would include medical marijuana, which is already legal in Canada.
Canada’s tax proposal is not set in stone.
The government is giving residents until December 7th to submit feedback.