Thanks for Canada.com for highlighting how much Mulroney has earned from cannabis
They write
Despite overseeing a government that introduced legislation that would have categorized cannabis at the same level as heroin, Mulroney said his view of the plant evolved in the years that followed his tenure as Prime Minister.
In 2018, he joined the board of Acreage Holdings, a cannabis company that’s domiciled in B.C. but operates in the U.S., with a focus on cultivating, processing and dispensing cannabis.
“It takes a while for certain people and certain things to catch up with reality, and great social advances — as I’ve indicated — come in waves. And this is one of the waves that I think will have Canada showing the way for the rest of the world,” Mulroney said.
He added that there had been a “sea change in attitudes in the reality of the use of cannabis” since his time in office, comparing it to the growing acceptance of same-sex marriage.
Following his first year at Acreage, a report from Bedford Consulting Group tallied Mulroney to be among the top-paid directors in the cannabis sector, with a total compensation of $13,913,873, encompassing salary, bonuses, equity and pension.
While his exact duties with the company were unclear, he likely offered strategic guidance and experience in governance to support Acreage’s growth and navigate the complex regulatory environment of the industry.
Shares of publicly traded Acreage peaked at US$7.26 in 2021 but were trading at US$0.20 on Friday morning.
Mulroney is not the only former PM to enter the cannabis sector. John Turner, the 17th Prime Minister of Canada, whose 79-day tenure preceded Mulroney’s reign, was on the board of Muileboom Organics Inc., a medical cannabis company.
Read more
