]The country’s finance ministers have struck a deal on how they plan to share tax revenue during the cost-heavy startup phase of a legalized marijuana market.
But they’re keeping their options open in case lucrative days lie ahead.
PEI’s Allen Roach and the other finance ministers met Monday in Ottawa.
The agreement will be reviewed in two years to ensure the revenue sharing formula is working to the benefit of everyone.
Ottawa, which intends to legalize recreational cannabis this coming Canada Day, will retain the remaining 25 per cent share to a maximum of 100-million dollars a year, with any balance over and above that going to the provinces and territories.