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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

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Post by zimmeeon Aug 13, 2018 5:44pm
104 Views
Post# 28452806

This commodity available online within 2 months in Ontario:

This commodity available online within 2 months in Ontario:https://www.cbc.ca/news/canada/toronto/pc-government-announcement-1.4783630


Ontario to allow private retailers to sell cannabis, province will handle online sales

Regulations for sales of recreational pot will be developed after consultations with stakeholders

 
Ontario's Progressive Conservative government will develop a private retail system for recreational pot sales by April 2019. (Associated Press)

Ontario's Progressive Conservative government announced today it will allow recreational pot to be sold in retail stores while the province will handle online sales.

Minister of Finance Vic Fedeli and Attorney General Caroline Mulroney laid out the government's plan for a hybrid system in an announcement Monday at Queen's Park. The new proposal scraps the previous Liberal government's plan for a provincial monopoly on cannabis sales and will require changes in legislation to the Ontario Cannabis Act of 2017. 

Starting Oct. 17, the province will move to introduce a system for online sales through the Ontario Cannabis Shop (OCS), following which it will introduce a private retail model by April 1.

The Ontario Cannabis Store will not operate any storefronts, but will act as the wholesale supplier of cannabis to private retailers. 

"The government of Ontario will not be in the business of running physical cannabis stores," Finance Minister Vic Fedeli said.

The key elements of the act will set the legal age for the purchase of cannabis at 19, ban the use of recreational cannabis in all public places and workplaces and prohibit those under the age of 19 from possessing consuming or cultivating the drug.

The province says it plans to address illegal selling — that includes storefronts that currently operate in cities across the province. That means as of Oct. 17, the only legal place to buy cannabis in Ontario will be the OCS website. 

The regulatory framework for the private sector model will be designed in consultation with stakeholders, including municipal governments, Indigenous communities, law enforcement, public health advocates, business and consumer groups.

The province said it will also provide $40 million over two years to help municipalities across Ontario with costs related to the legalization of cannabis. Municipalities will have the option to opt out of allowing sales in physical stores. 

 
 
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