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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-07-22 C$ 8.80
Market Cap C$ 8,924,079,234
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Globe says Hexo, rivals hear first nations are left out

2019-07-23 08:24 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Tuesday edition that the legal weed industry presents an opportunity to create social and economic opportunities for Canada's first nations. The Globe's guest columnists Darcy Bear, Robert Gladstone and Scott McLeod write that many first nation communities are working to harness the opportunities of this new business venture, which would help to improve life on reserves for current and future generations. The writers say there is a barrier to first nations pursuing the legal pot business, even on native lands. The problem results from Ottawa delegating weed retail licensing authority to the provinces despite the fact that provincial governments do not have jurisdiction in first nation communities. In fact, many provinces have made it impossible for first nations to participate in the lawful cannabis industry. Regardless of the cause, the result is widespread frustration and interference with indigenous community's ability to be prosperous and take advantage of the same economic opportunities as other Canadians. The writers say first nations are being left behind again. All that needs to be done is to clarify first nations rights to participate in the pot industry as equals.

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