Trust the feds to screw this up one way or another. This morning it was said that legalization is not happening next July 1 as has been announced for over a year, but instead sometime "next summer".
Quote:
The prime minister said it "would not be July 1," but that it would be "for next summer."
"The date will not be July 1, I can assure you of that," Trudeau said. "I don't know where that date came from.
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Then this report comes out.
Quote:
Statistics Canada has published new data on the street value for cannabis showing it could cost at least 13 per cent less than the proposed legal price.
The price point will be crucial as nearly a century of prohibition ends: While some people may be willing to pay a slight markup for the quality and security of the legal product, others may opt for the cheaper, underground supply, especially if they are already used to buying it that way.
Federal Finance Minister Bill Morneau announced a week ago that the price that the provinces and federal government are proposing for legal cannabis is $10 a gram including a federal excise tax of $1 or 10 per cent, whichever is higher.
That would make legal cannabis considerably higher than the $8.84 per gram a Statscan report released on Monday found people were willing to pay on the black market in 2015.
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It would be so typical of politicians to find a massive new revenue stream, and promptly screw themselves out of acheiving it.
This would have likely happened regardless of who is in power as well.
https://www.theglobeandmail.com/news...ticle37363670/