Ontario Considers Dropping Weed Prices

Ontario Considers Dropping Weed Prices to Government Standard

In an attempt to avoid fueling black market pot sales, the Ontario government wants to keep prices as low as possible across the board. The province’s biggest weed supplier now wants to set retail prices at $10 a gram, which could generate a tax windfall of well over $100 million annually. That $10 price is up for consideration as officials haggle prices for recreational pot when it becomes legal on July 1, 2018. That fee, estimated after New Brunswick signed deals last week with two suppliers, is likely to get approval. Finance Minister Charles Sousa told reporters on Wednesday, “It is certainly something we are giving consideration to. We are trying to work with all of our colleagues across Canada,” noting that provincial and federal finance ministers will determine pricing and tax rates in meetings later this year. “The intent is to have some uniformity with these prices across Canada,” …

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