CANNABIS REVENUE SHARING WITH LOCAL GOVERNMENTS
Whereas only the federal and provincial governments are receiving tax revenue from the recently legalized sale of recreational cannabis, despite local governments encountering increased costs of the associated implementation; And whereas UBCM endorsed a resolution 2018-SR1 calling for a principled approach to guide the negotiation of a cannabis excise tax revenue sharing agreement with the Government of British Columbia, and recommending that BC local governments receive 40 of the projected excise tax revenue in the short term, which has not received any response from the Province: Theref