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Finance Ministers Pot

/ 97.3 The Eagle
              The country’s finance ministers have struck a deal at their meeting in Ottawa on how they will divvy up tax revenue during the expensive startup of Canada’s upcoming legalized recreational-pot market. The agreement will be reviewed in two years to ensure the revenue-sharing formula is working to the benefit of all as things evolve. Ottawa intends to legalize recreational marijuana in July — and it will be taxed. The federal government will keep 25 per cent of the tax revenue to a maximum of 100-million dollars a year, with the rest going to the provinces and territories.

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