He may volunteer in his role as Chief Financial Officer with the Liberal Party of Canada, but Chuck Rifici is in line for a big pay off, along with early Inside Investors thanks to one of Justin Trudeau's key platforms. The Legalization of Marijuana in Canada.
Rifici, who has been a member of the Liberal National Board of Directors since 2011, is also the co-founder of Tweed Marijuana Inc., Canada's biggest full-scale producer of government-sanctioned pot producer, which is based in Smiths Falls, Ont.
"I'm simply a shareholder," said Rifici in an e-mail to the Sun.
In the midst of the 2015 Election Campaign, Rifici branched out with two New Ventures.
He was named Director of the only licensed medicinal marijuana grower in Alberta, and launched a new company that seeks to cash in on the legal marijuana trade in the U.S., where business is booming.
The sum of his work in the industry has critics suggesting his cozy relationship with the Liberal Party of Canada could constitute a conflict of interest, especially if any of his private business interests are rewarded with fat contracts once new marijuana legislation is passed.
Rifici brushed off concerns about his political connections.
"As for my volunteering as CFO (of) the Liberal Party of Canada, I have no role in policy making nor in policy decisions, no role in the transition, no future role in government and, as incorrectly previously reported, I am not an adviser to Justin Trudeau nor am I close to him," he said.
Rifici had come under fire a year ago while serving both as CFO of the party and CEO of Tweed, with a spokesman for former public safety minister Steven Blaney telling Postmedia that legalization "would benefit Mr. Trudeau's close millionaire friends that are marketing marijuana to Canadians."
Rifici stepped down as Tweed CEO, insisting at the time the move had nothing to do with political connections.
He is currently listed as the single largest shareholder with 7.8 Million shares
7.8 Million Shares worth 78 Million today. (CGC.to Trading at $10.04)
http://www.ottawasun.com/2015/10/28/liberal-cfo-could-rake-in-marijuana-money-with-legalization
7.8 Million Shares worth 78 Million today. (CGC.to Trading at $10.04)