Liberals reach deal with the provinces on sharing pot tax revenue

Liberals reach deal with the provinces on sharing pot tax revenue
Liberals reach deal with the provinces on sharing pot tax revenue
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FROM CBC.CA

Federal Finance Minister Bill Morneau has reached a deal with his provincial and territorial counterparts on a formula for sharing pot tax revenue.

The agreement gives the provinces at least 70 cents on the dollar, a sizable increase from the 50-50 framework proposal Morneau had announced last month.

Heading into today's meeting with Morneau in Ottawa, provincial ministers had insisted on a greater share, arguing the provinces and municipalities would shoulder the majority of costs for police enforcement, health care and education programs once marijuana becomes legal in July.

A formal statement confirming the agreement is expected soon.

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