By Michael J. ArmstrongThis month the federal government sent the first cannabis excise tax payments to the provinces. They also apparently shipped 42 tonnes of recreational cannabis to distributors. The federal cannabis excise tax portion is $0.25 per gram or 2.5 per cent of wholesale value, whichever is higher. For example, Nova Scotia sold $17.2 million of recreational cannabis last quarter, or 11 per cent of Canada’s total. At the end of 2018, black market sales still accounted for 80 per cent of Canadian recreational cannabis purchases.

Source: National Post March 13, 2019 09:56 UTC