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.
READ FULL STORY
Read More
Liberals reach deal with the provinces on sharing pot tax revenue
