08:54:29 EDT Sat 20 Apr 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-06-17 C$ 10.16
Market Cap C$ 10,303,255,116
Recent Sedar Documents

FP/wire say Canopy, rivals hear gummy confusion looms

2019-06-18 07:26 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Financial Post reports in its Tuesday, June 18, edition that Ottawa released its regulations Friday for new cannabis formats that will become legal this fall, including edibles, beverages and vape cartridges. A Bloomberg dispatch to the Post reports that the government crafted rules aimed at keeping the drug out of the hands of minors, so it was not surprising to see producers will be prohibited from selling products "that can reasonably be considered appealing to a young person." However, the vagueness of that phrase has led to some head-scratching. "A cookie is appealing to a kid, so can I make a cookie? Can I make a brownie? What do you mean by appealing to kids?" said cannabis lawyer Trina Fraser. Health Canada says it would be possible for a pot company to develop a gummy, chocolate bar or baked good that is not considered appealing to kids, depending on its colour, shape, flavour and branding. That means gummy bears are probably out of the question for now, said Ms. Fraser. The government has already showed a willingness to ease off on regulations and is likely to do so again in the future, Ms. Fraser said. "It's much easier to start with a high level of regulation and then relax it over time."

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