02:46:02 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-10-16 C$ 4.74
Market Cap C$ 4,836,593,099
Recent Sedar Documents

Van Sun says Canopy, others hear municipal complaints

2019-10-16 07:17 ET - In the News

Also In the News (C-APHA) Aphria Inc
Also In the News (C-WEED) Canopy Growth Corp

The Vancouver Sun reports in its Wednesday edition that local governments in British Columbia are spending millions on administration, planning and enforcement related to recreational cannabis, but are still waiting for the province to share the spoils of legalization. The Sun's Jennifer Saltman writes that Thursday marks a year since cannabis was legalized in Canada, and the issue of how the province will share with municipalities the provincial percentage of the federal excise tax has been outstanding since before legalization. "It's very important to our members," said Sooke Mayor Maja Tait, who is president of the Union of B.C. Municipalities. "Many scrambled to provide the framework, to have it in place, and we were all under the understanding that we would receive some of this revenue." Earlier this year, a UBCM survey received responses from 34 communities representing 44 per cent of B.C.'s population about the costs they had incurred related to legalization. It showed that over three years, 2018-20, those municipalities together expected to pay $15.2-million in capital and operating costs. Policing was the biggest bill for local governments, at 33 per cent of all reported incremental costs.

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