Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by bitcoinruson Sep 19, 2017 11:24am
80 Views
Post# 26713910

Quebec following Ontario?

Quebec following Ontario?https://www.msn.com/en-ca/news/world/forget-the-saq-%E2%80%94-quebec-health-department-should-sell-pot-think-tank/ar-AAscDFg?li=AAggFp5


Forget the SAQ — Quebec Health Department should sell pot: think tank

4/40
© Justin Tang  

 

Forget the private sector and the Socit des alcools du Qubec. A Montreal think tank says the government department that oversees hospitals should manage pot sales.

To generate bigger profits, private vendors would target young people, increase marijuana potency and press governments to relax pot laws, as seen in Colorado and Washington, the Institut de recherche et d’informations socioconomiques (IRIS) says in a study published Tuesday.

And opting for stores run by the liquor-store monopoly could open the door to alcohol and marijuana (a dangerous combination, they say) being sold side by side, and to pressure from the SAQ’s only shareholder — Quebec’s finance department — to boost profits without regard to detrimental health effects, the study says.

Unlike a private company, a government body would sell quality products at good prices, limit points of sale, prevent young people from buying, help fight the black market and adequately train store personnel, study author Philippe Hurteau, a researcher at the non-profit think tank, said in an interview

Some fear a pot division of the SAQ would become a cash cow, with the finance department squeezing it for more money to help erase deficits or to finance tax cuts, Hurteau said.

“A simple solution would be for the Crown corporation to be under the control of the Health Department, with all profits going to prevention campaigns and education on healthy consumption habits, as well as to pay for the social and health costs generated by cannabis.”

The new study comes 10 months after another IRIS study — about the economic impact of legalized marijuana — backed the idea of the SAQ selling pot via a stand-alone chain of stores that does not sell alcohol.

Both the previous study and the new one were partially funded by the union that represents SAQ workers.

Hurteau said the second study was influenced by recommendations by Quebec public health officials, who have urged the province not to use the SAQ as a model because the liquor-store monopoly is expected to turn a profit.

The federal government has laid out a framework for legalizing marijuana by July 1, 2018, but provinces must decide how it will be distributed and sold.

In Ontario, the only province to announce detailed plans, a government-run body — the Liquor Control Board of Ontario, which operates liquor stores — will oversee retail sales in separate pot stores.


Bullboard Posts
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse