According to a report from the CBC, Opaskwayak Cree Nation has spent $3M on shares of a medical marijuana company.
OCN Chief Christian Sinclair said that the 10% ownership of National Access Canada is in preparation for the legalization of cannabis next year. Chief Sinclair added that in the past marijuana has been a part of the war on drugs, but now could be a part of the solution in the effort to end poverty in the community.
Sinclair added that the decision was one that has been unanimously accepted by OCN leadership and the Council of Elders.
Prime Minister Trudeau announced in the spring that marijuana will be legal across the country by July 1st, 2018.