The P.E.I. cabinet has approved new regulations that will see a one-cent-per-pound lobster levy collected from buyers next spring.
P.E.I. Agriculture and Fisheries Minister Alan McIsaac said this is the final step for the province, since the regulations for a one-cent-per-pound levy for lobster fishermen were passed in the summer.
The money will be used for marketing.
"The regulations are now going to be in place for both the harvesters and the buyers," said McIsaac. "They will be deducting one cent a pound for the lobsters that they fish and for those that they buy. And those dollars will go towards the generic marketing program."
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