Bloomberg Tax
Oct. 21, 2019, 8:45 AM

Pot Tax Deal Could Bring Revenue Boom for Canada’s First Nations

James Munson
James Munson
Freelance Correspondent

Indigenous leaders from across Canada want to vastly expand their stakes in the cannabis industry by striking a deal on sales tax revenue with the federal government.

An agreement would reduce lost tax revenue from illegal sales on First Nations lands, give indigenous businesses more power to work with mainstream pot firms, and provide indigenous governments with potentially billions of dollars in revenue, said Manny Jules, chief commissioner of the First Nations Tax Commission.

“There’s no doubt it’s substantial and it’s in those types of numbers,” Jules said of the potential revenue. His Kamloops, British Columbia-based group manages ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.