There are 43 First Nations in Alberta. Each nation is contemplating the impact on their communities by the legalization of marijuana in July, and each is deciding the best actions for them to take. Some nations are considering the potential business opportunities in the cannabis industry, and others have taken their first steps into next year's projected billion-dollar market.
The government of Alberta developed the plan named "Alberta Cannabis Framework" with inputs from the public. This plan is a "framework" or guide for the new legislation needed by Alberta before marijuana becomes legal in July. The first legislation resulting from the plan is Bill 26, "An Act to Control and Regulate Cannabis". This bill has these key provisions:
Planning a 25,000-sq-ft Medical Marijuana Facility
The Siksika Nation announced plans in Nov 2016 for joint partnership between Siksika Resource Development Ltd. and Siksika Herbz Ltd. (LDI Group) for the purpose of cultivating pharmaceutical-grade marijuana. They are projecting annual revenues of $14 million.
The business will be located on Siksika Nation land in the Siksika Industrial Park east of Calgary. A 25,000 sq-ft facility costing $8.2 million will be finished in 2018.