Opaskwayak Cree Nation has made many investments in the cannabis industry since the drug was legalized for recreational use last fall. According to Chief Christian Sinclair the community is now the largest legal cannabis holder in the world.
OCN made their first investment with META Cannabis which is the first time that a First Nation became a majority share holder of a publicly traded company.
Making investments in the cannabis industry has put OCN in a strong financial position allowing them to pay off some debts and make investments in other community needs.
With about 2.5 Million dollars remaining, a strategic planning exercise is expected to be held next month to determine how the money should be used in the community.