Article content

OTTAWA — Nova Scotia Premier Stephen McNeil is suggesting the provinces and territories have reached an agreement on sharing the tax proceeds from the sale of legalized marijuana.

Speaking following a meeting of Atlantic premiers in Halifax, McNeil is indicating the provincial finance ministers have reached a two-year agreement with Ottawa that includes some flexibility outside the federal government’s original proposal.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Feds, provinces close to agreement on sharing tax revenue from pot sales Back to video

He says provinces will have the ability to include a markup above and beyond the existing taxation level, although he did not divulge other details.

The finance ministers and their federal counterpart, Bill Morneau, are expected to announce momentarily an agreement that will give the provinces and territories between 70 per cent and 80 per cent of the revenue pool, with Ottawa holding on to the balance.

On his way to the meeting earlier today, Ontario Finance Minister Charles Sousa said the federal Liberal government had made the case that it, too, would have costs and needed a share of the revenue. Ottawa also showed flexibility on revenue and cost-sharing issues, he added.