15:28:11 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 403,600,110
Close 2017-12-08 C$ 7.09
Market Cap C$ 2,861,524,780
Recent Sedar Documents

Van Sun muses on murky fate of Vancouver's dispensaries

2017-12-11 08:50 ET - In the News

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The Vancouver Sun reports in its Saturday edition that British Columbia intends to make marijuana available at public and private retail outlets, supplied exclusively by the Liquor Distribution Branch. A Sun editorial says, however, that the fate of Vancouver's many dispensaries is not clear. Controversy remains over the age restriction, which the B.C. government has set at 19. The Sun notes that in Washington and Colorado, where non-medicinal marijuana has been legal for several years, the legal age is 21. That is also the age recommended by the Canadian Medical Association, which is concerned about the effects of marijuana on the teenage brain. On the other hand, restricting sales of cannabis to those 21 years and older risks enabling the black market, undermining the purpose of this entire exercise. Equally important in combating the underground marijuana market is pricing, about which little has been disclosed. If the plan is to tax marijuana like tobacco, the government must be cognizant of the fact that more than 20 per cent of cigarettes smoked in Canada are contraband. In sum, says this notably wishy-washy Sun editorial, any plan to manage cannabis sales will be complex and fraught with pitfalls.

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