St. Catharines to debate the dollars and cents of pot stores
City councillors will decide on whether to opt in or out of allowing cannabis stores in the city at Monday's meeting.
The province has a $40 million fund to help municipalities with the costs of policing, education and public health initiatives.
City planner Bruce Bellows tells CKTB, St. Catharines will receive $76,000 whether it opts in or out.
And if it opts in before the Jan. 22 deadline, it will receive a second payment of $76,000.
He says if the city decides to not allow the stores, the second payment would be only $5,000.
Bellow says there could be more money from surplus federal excise duties from the sale of recreational cannabis.
If the governement's share of federal excise duties exceeds $100 million over the first two years, municipalities that opt in will get a 50 per cent share on any surplus.
A staff report going to council does not make any recommendations.