09:43:55 EDT Fri 19 Apr 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 469,431,262
Close 2018-02-08 C$ 11.15
Market Cap C$ 5,234,158,571
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Globe says Emblem, rivals hear rec pot law delayed

2018-02-09 08:09 ET - In the News

See In the News (C-EMC) Emblem Corp

The Globe and Mail reports in its Friday, Feb. 9, edition that provincial governments are welcoming the news that Ottawa expects Canada's recreational cannabis market to open later this summer. The Globe's Mike Hager writes that Health Minister Ginette Petitpas Taylor says Ottawa will wait eight to 12 weeks after the legislation is passed before officially lifting the 95-year-old prohibition on recreational cannabis. That timeline is designed to give industry up to three months to adapt to strict packaging rules and legally ship their products to provincially regulated stores. That means Canadians could need to wait until late in the summer before they will be able to legally consume cannabis -- even if the Senate votes in favour of the legislation by May or June. For the most part, premiers and their ministers in charge of legalization from across the country reacted by saying the news does not alter their plans, although many provinces have previously complained that the July 1 deadline was too tight. Manitoba Premier Brian Pallister has been among the most vocal critics of the federal timeline, calling on Ottawa to delay legalization by as much as a year.

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