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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  T.ACB.WS.U | ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company’s principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.


TSX:ACB - Post by User

Bullboard Posts
Post by tommeeboyon Nov 16, 2017 5:52pm
344 Views
Post# 26980215

Press Release - Alberta

Press Release - Alberta

Legal cannabis would be sold online through a Government of Alberta website and retailed through privately-operated stores in the province if the legislature passes a new bill introduced Thursday.

Bill 26, An Act to Control and Regulate Cannabis, sets the minimum age of consumption at 18, the province's legal drinking age.

If passed, measures in the bill would come into effect on July 1, 2018, when possession of small amounts of cannabis is expected to become legal in Canada.

The bill addresses how and where cannabis will be distributed, sold and consumed in Alberta.

The Alberta Gaming and Liquor Commission will be in charge of obtaining and distributing legal cannabis, in cigarette, oil and loose form, to private retailers in a model similar to how it handles beer, wine and spirits.

The AGLC will also be responsible for licensing retailers.

Hybrid system responds to survey

The hybrid model of government online sales and private retailers responds to what people who took part in an online consultation and survey said they wanted, the government says.

Regulations for how private stores will operate still have to be set. But the government will not allow cannabis to be sold in places that sell tobacco, liquor or pharmaceuticals.

Retail staff will have to be over 18 years old and business owners will have to pass criminal background checks.

The province will also set a range for opening hours, which can vary by municipality.

Under the proposed law, smoking or vaping cannabis will be prohibited in the same public locations where smoking is banned, including bars and restaurants. Consumption will be banned on school properties, daycares, hospital grounds, and places where children frequent, like pools, playgrounds and sports fields.

The province intends to pinpoint setback distances through future regulation.

Tax split rejected

Much about legalization still has to be determined. The Alberta government opposes the financial model announced by Ottawa last week where tax revenues are split 50/50 between the provinces and Ottawa.

Finance Minister Joe Ceci said the provinces are bearing most of the costs of cannabis legalization and therefore should get most of the revenue.

The federal government's decision to not immediately legalize edible products will also delay the creation of cannabis lounges.

The current version of federal Bill C-45 would see edibles being legalized by July 2019.

The provincial bill also sets up provincial offences for youth possession of cannabis, consumption inside a vehicle and other prohibited locations.

On Tuesday, the Alberta government introduced legislation to add cannabis impairment to the Traffic Safety Act.

The government released its draft cannabis framework in June and opened it up to consultation over the summer. More than 60,000 Albertans took part in an online survey.

Bullboard Posts