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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 related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Post by slickkon Dec 04, 2020 1:29pm
152 Views
Post# 32038196

MORE PASSED...228-164...WEED legal $$$$

MORE PASSED...228-164...WEED legal $$$$

The House passed a bill Friday to decriminalize marijuana at the federal level and set up a process to expunge past convictions.

The Democratic-led chamber approved the measure in a 228-164 vote. Only five Republicans and one independent backed it. Six Democrats voted against the bill.

 

It marks the first time the House has voted to remove cannabis from the Federal Controlled Substances Act. The legislation also includes provisions to boost entrepreneurship in the legal marijuana business, including among people of color disproportionately harmed by decades of federal drug law enforcement.

It is unclear now whether the GOP-held Senate will have any appetite for taking up the bill.

The effort to decriminalize marijuana nationwide comes as more states legalize it for recreational or medical use. Fifteen states have now legalized the substance. Four — Arizona, Montana, New Jersey and South Dakota — did so during the 2020 election alone.

Thirty-six states have authorized marijuana for medical use.

Democratic Reps. Earl Blumenauer of Oregon and Barbara Lee of California, co-chairs of the Congressional Cannabis Caucus, have described the bill as one step to repair the damage from the war on drugs. Writing to House lawmakers earlier this month, they called it a “critical issue of racial justice.”

 

Speaking on the House floor Friday, Blumenauer said Congress needs to catch up with the rest of the American people.

“We’re here because we have failed three generations of Black and Brown young people, whose lives can be ruined, or lost, by selective enforcement of these laws,” he said. “This legislation will end that disaster.”

The legislation would require federal courts to expunge marijuana arrests and convictions and resentence Americans after a judicial review process, according to Blumenauer’s office. As marijuana would no longer be considered a federal controlled substance, possession of it would not be a cause for deportation.

The legislation would create an excise tax on marijuana sales to fund reentry services and substance use treatment. It would also put funding into efforts to increase equity and access to loans in the marijuana business.

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