Cannabis Industry Forecast for 2025
What’s in the cards for cannabis in 2025? We’ve rounded up some of the predictions.
A report from insurance brokerage Hub International states that “In a volatile marketplace, risk mitigation will separate success from failure.” The document contains results from HUB’s Executive Outlook Survey, which polled 900 C-Suite and VP-level executives on the issues facing them on profitability, employee vitality and organizational resilience. “Outlook 2025 Cannabis” discloses that 80% of Canadian cannabis companies identified rising costs as the biggest challenge to profitability, but only 65% feel prepared to address it. https://www.hubinternational.com/en-CA/insights/outlook/2025/cannabis/
BNN Bloomberg posted a video titled, “Challenges in Canada’s Cannabis Sector,” featuring an interview with Ben Kaplan, author of Catch A Fire: The Blaze and Bust of the Canadian Cannabis Industry. Kaplan, a Brooklyn-born and Toronto-based writer and editor and the founder of KIND Magazine distributed in Canada’s legal weed shops, claims the industry is currently “right-sizing”. https://www.bnnbloomberg.ca/video/shows/the-open/2024/12/24/challenges-in-canadas-cannabis-sector/
Ben Kaplan also penned an opinion piece for the Globe & Mail titled, “Forgotten in the cannabis crash is how the industry is a Canadian success story.” https://www.theglobeandmail.com/business/commentary/article-forgotten-in-the-cannabis-crash-is-how-the-industry-is-a-canadian/
Investing News Network published “Cannabis Market Forecast: Top Trends That Will Affect Cannabis in 2025.” While mostly focused on the U.S. market, the article mentions Canada. Overall, INN predicts that “2025 could be a year of transformation for the cannabis industry.” https://investingnews.com/cannabis-forecast/
For general and breaking news on the Canadian cannabis industry, visit one of the sites below.
Cannabis in Canada Review for 2024
There’s something about the end of one year and the beginning of another that makes people want to look back as they leap forward. End-of-year recaps are common in the news. But when we looked, we found many covering the U.S. cannabis industry and the process of decriminalization. But there were almost none about Canada. So we turned to ChatGPT, a type of artificial intelligence trained on large amounts of text data that uses an algorithm called a transformer to generate text. After scouring the Internet, ChatGPT came up with the following key developments for the Canadian cannabis industry in 2024.
Maturing Legal Market
The legal cannabis industry in Canada is entering its fifth year since the nationwide legalization in 2018. While the initial enthusiasm has settled, the market is now focusing on consolidation, innovation, and consumer education. Cannabis sales remain strong, but growth rates have slowed compared to the initial years. There is now a greater emphasis on quality and differentiation rather than simply expanding the market.
Industry Challenges
Despite initial optimism, the cannabis industry faces significant challenges:
- Profitability Issues: Many cannabis companies continue to struggle with profitability due to oversupply, high taxation, and competition from the illegal market. Prices have come down, but not always enough to outcompete illicit operators.
- Regulatory Hurdles: Companies are still navigating complex regulations, particularly around packaging, labeling, and marketing. The government has been slow to adjust some of these regulations to allow for more dynamic industry growth, such as expanding retail hours or reducing restrictive rules for cannabis advertising.
- High Taxes and Licensing Fees: The federal and provincial governments have kept taxes high on cannabis, which has affected margins for producers and retailers.
Expanding Product Offerings
In 2024, cannabis companies have expanded their product offerings, with a continued shift towards innovative products beyond dried flower, including:
- Edibles and Beverages: Cannabis-infused beverages and edibles have gained significant traction, providing a more discreet and enjoyable consumption method. These products are now a larger portion of the legal cannabis market.
- Vapes and Concentrates: Vaping continues to be popular among cannabis consumers, though it faces some regulatory scrutiny due to health concerns. Concentrates, like hash and distillates, are also on the rise.
- Medical Cannabis: Medical cannabis is still a crucial market, with more people accessing it for health-related reasons. New research and trials have also driven more interest in medical products, particularly those with a focus on CBD.
Consumer Trends
Consumer preferences have become more sophisticated. In 2024, Canadian cannabis consumers are looking for quality, consistency, and variety. This includes an increased demand for:
- Sustainable and Organic Products: Consumers are increasingly seeking environmentally friendly cannabis options, pushing producers to adopt sustainable farming practices.
- Microdosing: With more people seeking subtle, controlled experiences, microdosing has become a prominent trend, especially in edibles and tinctures.
- Brand Loyalty: As the market matures, consumer brand loyalty is becoming more pronounced, with established companies gaining recognition for their quality and reliability.
Legal Developments
The Canadian government continues to tweak the legal framework around cannabis in 2024. Several provinces are exploring the possibility of relaxing some restrictions:
- Expansion of Retail Stores: While Ontario leads in retail outlets, provinces like British Columbia and Alberta are increasing their number of licensed dispensaries, making cannabis more accessible to consumers.
- Home Cultivation Rules: Discussions around expanding personal cultivation rights are ongoing, with some provinces exploring allowing more plants to be grown for personal use, while others remain restrictive.
- International Market Opportunities: As Canada’s domestic market stabilizes, there’s growing attention on international markets for cannabis exports. Canadian companies are positioning themselves to benefit from the global cannabis boom, especially in Europe and emerging markets.
Social and Cultural Changes
Cannabis is now more ingrained in Canadian culture than ever. Public attitudes have become more accepting, especially regarding medical and wellness use. However, some societal issues remain:
- Concerns about Youth Access: Despite strict age restrictions, there are concerns about the accessibility of cannabis to minors, particularly through online sales or in neighborhoods with high retail density.
- Workplace Policies: As cannabis becomes more mainstream, workplaces are adapting to accommodate employees who consume cannabis. Employers are grappling with issues surrounding cannabis use, workplace safety, and testing.
The Black Market’s Continued Impact
The illicit cannabis market remains a significant challenge. Although legalization has greatly reduced illegal cannabis sales, the black market still exists, driven by lower prices, a wider selection of products, and a lack of trust in the legal system. Tackling the black market through regulation adjustments and lowering taxes is seen as a key area for future policy development.
Conclusion
Overall, the cannabis industry in Canada in 2024 is in a phase of refinement. While there are still challenges like profitability, regulatory barriers, and competition from the illicit market, the industry is maturing and diversifying its offerings. Consumer trends are shifting towards quality, sustainability, and innovation, while legal and regulatory adjustments are set to shape the market in the coming years. As Canada’s cannabis market continues to stabilize, the industry is positioning itself for long-term growth, both domestically and internationally.
Thanks ChatGPT! Content courtesy of https://chatgpt.com/.
If you are looking for media reviews of the cannabis industry that include some information on Canada, please click the links below:
https://www.reuters.com/legal/litigation/cannabis-2024-year-review-2024-11-13/
https://investingnews.com/daily/cannabis-investing/cannabis-market-update/
Canadian Cannabis Leadership Summit: Oct 1 in Ottawa
Join the Cannabis Council of Canada for an afternoon of insightful discussion about the top issues facing the Canadian cannabis industry.
Bringing together leaders from the public and private sectors, as well as experts in medical research and financial services, this event will collectively advance issues which represent a risk to a properly functioning sector. Panel topics include in-depth conversation about the excise duty, the excise stamp, as well as reducing the regulatory burden. Following the conference, ticket holders will have the opportunity to engage with panelists during a private reception, providing a unique chance to network and deepen discussions on the most pressing issues. Secure your place at this event and ensure your voice is part of the conversation as we drive the Canadian cannabis industry forward.
Hosted in the O’Born Room at the National Arts Center (NAC) in Ottawa, just steps from Parliament Hill, this panel-style conference will run from 1 PM to 5 PM on Tuesday, October 1, 2024. For more information visit: https://cannabis-council.ca/events
Cannabis Consumption in Canada
Stats Canada published an article on April 19, 2024 that discusses various aspects of cannabis in Canada including production, sales, consumption, crime and even wastewater. The article combines government statistics with information from Canadian consumers.
The government agency reported that more than one in three Canadians adults are using cannabis. “In 2023, more than one-third of adults aged 18 to 24 years (38.4%) and 25 to 44 years (34.5%) reported using cannabis in the previous 12 months, compared with 15.5% of adults aged 45 years and older. About 1 in 10 adults aged 18 to 24 years (8.7%) and 25 to 44 years (10.3%) reported using cannabis daily or almost daily in the previous 12 months, compared with 4.8% of adults aged 45 and older.”
In a surprising statistic, the article also reports that out of every five dollars spent on legal cannabis, two dollars went straight into government coffers.
“Federal and provincial governments received $1.9 billion from the control and sale of recreational cannabis in 2022/2023, up by almost one-quarter (+24.2%) from a year earlier.”
To read the full article, visit Statistics Canada:
https://www.statcan.gc.ca/o1/en/plus/6091-cannabis-consumption-canada
Business of Cannabis Leadership Summit: April 24 in Toronto
Business of Cannabis: Toronto will bring together influential Canadian business leaders spearheading the industry, key investors and on the ground policy makers to discuss the next 5-years of business in the country and how imminent reform might affect the shape of the market there.
In this leadership summits, Business of Cannabis brings together global players, alongside financial and political figures for half-day laser focused program and high-level networking — to utilise data, insights and knowledge in order to arm businesses to best navigate the next phase of Canadian cannabis.
For more information visit: https://www.cannabistoronto.live/
FREE Seed-to-sale Software Buyer's Guide
Record keeping is an essential part of Health Canada’s compliance regulations. From the advent of legal medical marijuana in Canada, legal producers of cannabis have been required to track every seed, rooted plant, gram of waste material, final dried product, as well as interactions with customers and more. Due to the sheer volume of information, an electronic record-keeping system is the only practical way to manage the process. The software industry has responded to this need by creating seed-to-sale management software systems designed to help producers track their operations and report to Health Canada to meet compliance.
To help you through the process of purchasing seed-to-sale software in the Canadian Cannabis marketplace, we’ve produced a 20-page guide that answers the following questions:
- What is a seed-to-sale software solution and why do I need one?
- How do I choose one software platform over another?
- What should I be looking for in the software?
- How does the software fit into my business?
- How is my data stored and secured?
- What happens if regulations change?
To download this guide courtesy of AirMed, please visit the following page and complete the form. Once you submit the form, you’ll be able to download the guide.
Cannabis Industry Makes Predictions for 2024
While there are no guarantees as to what will happen in the cannabis marketplace, media members and industry analysts have been making predictions for 2024.
Investing News Network published both a year-end review and a forecast for the future that covered Canada, the US and global markets. For the projections, INN reached out to experts to learn about the key trends and challenges they expect to see in 2024.
https://investingnews.com/daily/cannabis-investing/cannabis-market-update/
https://investingnews.com/cannabis-forecast/
The Business of Cannabis published a series of articles in December 2023 and January 2024 with projections by industry stakeholders.
For their North American edition, the Business of Cannabis “spoke with a wide roster of industry stakeholders to discuss everything from the anticipated surge of pre-rolls, poised to surpass flower consumption in both Canada and the United States, to legislative reforms and the emergence of new market opportunities, such as cannabinoid therapeutics.”
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-1/
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-2/
https://businessofcannabis.com/looking-ahead-whats-in-store-for-cannabis-in-2024-part-3/
For the European edition, the Business of Cannabis focused on Germany and the UK.
https://businessofcannabis.com/whats-in-store-for-the-european-cannabis-in-2024-part-1/
https://businessofcannabis.com/whats-in-store-for-the-european-cannabis-in-2024-part-2/
The research firm Brightfield Group published “Six Insights from 2023 for 2024 Success in Canadian Cannabis.” This blog post offers a brief overview of the state of the Canadian cannabis industry plus trends for the future.
https://blog.brightfieldgroup.com/2024-canadian-cannabis-trends
The Green Market Report, which is focused on cannabis industry financial news, published “Cannabis Industry Executives Share Predictions for 2024.” This short article discusses both US and International reforms.
https://www.greenmarketreport.com/cannabis-industry-executives-share-predictions-for-2024/
The International Cannabis Business Conference blog offered up predictions for various markets around the globe in a post titled, “What Will Happen In 2024 Within The Global Cannabis Industry?”
https://ca.internationalcbc.com/what-will-happen-in-2024-within-the-global-cannabis-industry/
Market research company Technavio published a report titled, “US-Cannabis Market by Derivative Type, Product and Geography-Forecast and Analysis 2023-2027.” While focused on the USA, some of trends are likely the same as those that will affect the Canadian market. “The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.”
https://www.technavio.com/report/us-cannabis-market-analysis
Alberta Loosens Cannabis Regulations
Alberta is changing provincial cannabis regulations to “give retailers more time to focus on their business, while ensuring health, safety, and security remain a top priority.”
The Alberta government made the announcement in December 2023 in a media release titled, “Reducing red tape for cannabis retailers.”
On January 31, 2024, the following improvements to the Gaming, Liquor and Cannabis Regulation will come into force:
- Licensed cannabis retailers can operate temporary sales locations at adults-only events like trade shows and festivals.
- Cannabis retailers can keep their products in locked display cases when the store is closed rather than moving everything into a secured storage room at the close of every business day.
- Restrictions are removed on sales and transfers between cannabis retailers and to further allow Alberta Gaming, Liquor and Cannabis to establish resale markup limits.
Dale Nally, Minister of Service Alberta and Red Tape Reduction, was quoted as saying, “We’ve been looking at the cannabis market to determine what’s working, what needs to be improved, and what’s redundant or unnecessary while protecting public health and safety. These changes are the result of our latest work to help curb the illegal cannabis industry and continue providing choices Albertans can trust.”
Stratcann, one of Canada’s cannabis news platforms, reported, “…a media representative for the AGLC tells StratCann that the ‘policies and processes to support cannabis licensees who are interested in operating temporary sales locations are in development and will be shared with cannabis stakeholders prior to the implementation date.’”
The CBC reported, “In Edmonton and Calgary, city bylaws already allow smoking or vaping cannabis at outdoor festivals and public events, but only in designated areas. And in those cases, selling cannabis on site isn’t allowed… The changes will allow licensed cannabis retailers to set up temporary sales at adults-only events, like trade shows and festivals. They also ease some of the restrictions around how store owners can transfer product between different locations and lift the requirement to store product in a secure area off the shop floor while the store is closed.”
Cannabis in Alberta is regulated by the Alberta Gaming, Liquor and Cannabis (AGLC) ministry.
To read the Alberta government media release visit: https://www.alberta.ca/release.cfm?xID=89500F3BC265B-E9F5-13F7-DA8506A53DD281BE
To read the Stratcann article visit: https://stratcann.com/news/alberta-announces-several-changes-to-retail-cannabis-regulations-through-red-tape-reduction/
To read the CBC article visit: https://www.cbc.ca/news/canada/edmonton/alberta-to-allow-cannabis-sales-at-adults-only-events-1.7064117
For more information about cannabis in Alberta visit: https://aglc.ca/
MJBizDaily Publishes Series on Government Funding for Canadian Producers
In the first article of a series, MJBiz Daily reported “More Canadian cannabis companies are tapping government funding sources to finance research and other projects as private-sector capital has become harder to come by.”
That article, written by MJBiz Daily International Editor Matt Lamers, was published September 28, 2023 with the title “Canadian cannabis companies tap government funding programs.”
Lamers wrote, “MJBizDaily found that more than 3 million Canadian dollars ($2.2 million) worth of federal funding was provided to almost two dozen companies over the past year, according to the government’s Grants and Contributions portal.”
The second article, published October 3, 2023, reported that “Cannabis-related agricultural businesses based in Alberta are eligible for provincial funding under two programs if they meet certain requirements, the Ministry of Agriculture and Irrigation told MJBizDaily.”
The latest installment, published November 16, 2023, reported that the BC Ministry of Agriculture and Food explained via email that “federally licensed and commercial cannabis production is eligible for many of its programs and services.”
The author wrote, “Federally licensed cannabis producers in British Columbia are eligible to apply for a host of government programs, some of which provide funding, including the provincial portion of the Sustainable Canadian Agricultural Partnership.”
Report: What We Heard
The federal government released a report that summarizes what a “five-person expert panel has heard over the past year as it engaged with almost 500 stakeholders in nearly 90 meetings across Canada.”
The report, titled “What We Heard,” describes the scope of the engagement and summarizes the responses in several categories including: public health, impact on young persons, impact on First Nations and more.
Read about the expert panel and review here: https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/laws-regulations/cannabis-act-legislative-review/expert-panel/legislative-review-cannabis-act-report.html
Read the report here: https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/laws-regulations/cannabis-act-legislative-review/expert-panel/legislative-review-cannabis-act-report.html
Stratcann summarized the report in an article published on their website on October 10, 2023, the same day the report was released.
Read the Stratcann article here: https://stratcann.com/other/canada-releases-what-we-heard-report-on-the-cannabis-act-review/
Global News followed up the release of the report with an in-depth article on the state of the cannabis industry in Canada. In the feature published on October 16, 2023, Global News offers commentary by several experts including George Smitherman, president and chief executive of the Cannabis Council of Canada.
Read the Global News article here: https://globalnews.ca/news/10027112/cannabis-act-review-canada/
Exporting Cannabis to the EU
In a previous post, we discussed how some Canadian producers are selling excess inventory to export markets, including Europe.
In “The Europe Medical Cannabis Market,” Market Data Forecast reports, “The medical cannabis market in Europe is expected to grow from USD 4.96 billion in 2022 to USD 13.37 billion by 2027, growing at a CAGR [compound annual growth rate] of CAGR 21.96% from 2022 to 2027.”
Based on that report, Europe appears to be a significant marketplace for cannabis. But to sell into that market, the exporter must meet the region’s standards. In the case of Europe, those standards include the European Union’s Good Manufacturing Practices, referred to as EU GMP.
In their article, “A Look at Canadian Cannabis Exports,” published in 2021, The Business of Cannabis reported one reason why exports jumped in 2020. “In Canada, more cultivators gained the European Union’s Good Manufacturing Practices (EU GMP) certification, allowing them to export to that continent. More than a dozen Canadian LPs now have EU GMP certified facilities.”
Meeting EU GMP standards is critical for exporting into the European marketplace. But what is EU GMP and how does it differ from the standards Canadian companies already meet?
Health Canada requires that Canadian licensed producers comply with Good Production Practices or GPP standards. If you are a licensed producer in Canada, you are already familiar with GPP. If not, these standards are explained on the Health Canada website.
Essentially, GPP requires that cannabis businesses have appropriate procedures for all activities related to producing a product that is safe for public consumption. GPP mandates that systems be in place to ensure quality and traceability.
Good Manufacturing Practices, GMP, takes GPP further including requiring more stringent testing.
The Foundation of Cannabis Unified Standards (FOCUS) states, “GMP is the proactive part of quality assurance. It is designed to minimize the risks involved in all steps of the manufacturing process. A basic tenant of GMP is that quality cannot be tested into a product. It must be built into each batch of product during all stages of the manufacturing process.”
Originally designed for pharmaceutical products, GMP can be applied to any production process and is a requirement for those wishing to market medical cannabis in Europe.
The EU GMP standards are complex, and the information can be difficult to navigate, especially how it applies to cannabis.
But the Canadian government has published guidelines designed to help manufacturers meet GMP standards. Their guidance document has been written “with a view to harmonize with GMP standards from: the World Health Organization (WHO); the Pharmaceutical Inspection Cooperation/Scheme (PIC/S); the International Council on Harmonisation (ICH); the International Cooperation on Harmonisation of Technical Requirements for Registration of Veterinary Medicinal Products (VICH); other regulatory agencies in other countries.”
While the EU is not mentioned specifically, these Canadian standards are a good starting point for cannabis companies considering exporting into other markets. These guidelines will help producers understand what is required and can be used as a stepping stone toward EU GMP certification.
According to the media, the EU standards are stringent, and certification can be time-consuming and costly. But with a market as large as Europe, Canadian companies are in a position to benefit from the opportunities that an EU GMP certificate can offer.
To access the resources quoted here, use the following links:
- https://businessofcannabis.com/a-look-at-canadian-cannabis-exports/
- https://www.marketdataforecast.com/market-reports/europe-medical-cannabis-market
- https://www.focusstandards.org/gmp-cannabis-industry/
- https://www.gmp-compliance.org/guidelines/gmp-guidelines
- https://www.canada.ca/en/health-canada/services/drugs-health-products/compliance-enforcement/good-manufacturing-practices/guidance-documents/gmp-guidelines-0001/document.html
Can Canadian Producers Export Excess Supply?
With media reporting oversupply challenges in the Canadian cannabis industry, can producers turn to export markets to sell their inventory? The answer might be yes. As countries around the world legalize cannabis, new opportunities are emerging for producers in Canada.
Canadian companies have been exporting cannabis for several years already. In fact, back in June 2020, MJBizDaily published a two-part article on Canada’s export of medical cannabis during 2019. Part 1 was titled, “Canada exported record amount of dried cannabis in 2019…” Part 2 reported, “Canadian exports of medical cannabis oil jumped fivefold in 2019.”
Canadian Regulatory Review reported in September of 2020 that the Canadian government had even become supportive of cannabis exports. “On the export side, and to further bolster trade, as of January 2020, the federal government through Canada’s Trade Commissioner Service extended trade commissioner services for Canadian cannabis companies exporting cannabis for medical and scientific purposes.”
A few months after that article, in April 2021, Prohibition Partners released a report called “Revealed: The Canadian Cannabis Export Market for 2020.” The report notes that the largest export markets for Canada at the time were Germany, Australia, Israel and the United Kingdom. “…new data shows a huge increase in the exports of cannabis from the country in 2020, as well as a changing network of countries that are importing from established producers in Canada.”
In May of that same year, Business of Cannabis took “A look at Canadian cannabis exports,” noting that “Dried cannabis flower and cannabis oil exports more than doubled in 2020, while imports dropped to virtually zero…”
An article titled, “How Canada’s Oversupply of Cannabis Is an Export Opportunity,” was published in October of 2022 by Canadian Cannabis Exchange. “As the demand for cannabis legalization increases internationally, Canada has the opportunity to become the world leader in cannabis exports… The European Union is proving to be a lucrative market for Canadian exports.”
To read the full articles quoted here, visit the following links:
- https://mjbizdaily.com/canada-exported-record-amount-of-dried-cannabis-in-2019/
- https://mjbizdaily.com/canadian-exports-of-medical-cannabis-oil-jumped-fivefold-in-2019/
- https://www.canadaregulatoryreview.com/international-trade-in-cannabis-international-and-domestic-regulatory-developments/
- https://prohibitionpartners.com/2021/04/30/revealed-the-canadian-cannabis-export-market-for-2020/
- https://businessofcannabis.com/a-look-at-canadian-cannabis-exports/
- https://canadiancannabisx.com/how-canadas-oversupply-of-cannabis-is-an-export-opportunity/
Health Canada Seeks Your Feedback from March 25 to May 24, 2023
In relation to a consultation on potential amendments to the Cannabis Regulations, Health Canada is seeking feedback and comments on potential amendments to the Cannabis Regulations.
The aims of the consultation include clarifying existing requirements, eliminating regulation inefficiencies and duplications and reducing administrative and regulatory burdens, and Health Canada is seeking input from:
- cannabis industry stakeholders
- public health stakeholders, non-governmental organizations
- researchers and research or academic institutions
- First Nations, Inuit and Métis partners and organizations
- law enforcement
- provincial, territorial and municipal governments
For more information including how you can provide feedback until May 24, 2023, visit:
https://www.canada.ca/en/health-canada/programs/consultation-potential-amendments-cannabis-regulations.html
Report: Canadian Cannabis State of the Industry
The industry analysts at Ernst & Young have published a state of the industry report for the Canadian cannabis industry. Covering until the end of 2022, this report was “intended to highlight the key issues facing the cannabis industry and provide the supporting evidence.”
The executive summary highlights:
1. Successes of legalization;
2. Key issues facing the industry;
3. Key implications and takeaways, and
4. Future policy considerations
The methodology used to create the report including secondary and primary research to identify high-level successes and issues since inception of the Cannabis Act.
For more information about this report, visit:
https://www.ey.com/en_ca/cannabis-centre-of-excellence/canadian-cannabis-state-of-the-industry
What to Expect from the Cannabis Act Review
Since the announcement of the Cannabis Act review, people are speaking out about what they hope to see from reviewers.
The review was initially planned to begin in 2021 and look at the public health implications of the legalization of cannabis in Canada.
The CBC reported that the government delayed the start of the review to expand the scope. “The review mandate has been expanded to include an examination of the social and environmental effects of the Cannabis Act, the impact of legalization and regulation of medical cannabis and the impact on racialized communities and women.”
Read more here: https://www.cbc.ca/news/politics/public-health-cannabis-mandated-eview-1.6591442
An article in The Globe & Mail stated that “For George Smitherman, the chief executive officer of the Cannabis Council of Canada, the national industry association, the announcement comes at a critical time. Companies continue to face pressure from the illicit market, as well as excise taxes, provincial distributor markups and regulatory fees.”
Read more here: https://www.theglobeandmail.com/business/article-health-canada-cannabis-act-review/
The Toronto Star notes that the pot sector wants packaging changes and financial relief from the review. “The industry is frustrated the review’s launch arrived a year later than mandated but is still hoping it can result in enough tweaked restrictions to make cannabis distribution easier, draw in new customers and prevent more staffing and facility cuts.”
Read more here: https://www.thestar.com/news/cannabis/2022/09/22/pot-sector-wants-packaging-changes-financial-relief-from-cannabis-act-review.html
The review is expected to be completed in 18 months, and government officials say that it will consider health issues as well as financial, tax, regulatory and criminal-justice matters.
Media Marks the Fourth Anniversary of Cannabis Legalization in Canada
Yesterday, October 17, 2022, was the fourth anniversary of the legalization of cannabis in Canada.
Canada legalized cannabis on October 17, 2018. Since then, there have been many changes to the cannabis landscape, but some say we need even more reform.
The media took the opportunity to mark the day with reviews of the progress, criticisms of the process and calls for improvement.
Stratcann, an online news publication covering the evolution of the legal cannabis industry in Canada and around the world, chronicled Canadian legalization.
Read the article here:
https://stratcann.com/insight/four-years-later-following-canadas-path-to-legalizing-cannabis/
The Toronto Sun claimed, “Still much to iron out on fourth anniversary of Canada’s legalization of cannabis.”
Read the article here:
https://torontosun.com/news/still-much-to-iron-out-on-fourth-anniversary-of-canadas-legalization-of-cannabis
MJBizDaily, a news source for the cannabis industry in the US and Canada, published that “Canadian marijuana businesses pitch reform on legalization’s 4th anniversary.”
Read the article here:
https://mjbizdaily.com/canadian-cannabis-businesses-pitch-reform-on-legalization-4th-anniversary/
The Toronto Star declared that Canada’s cannabis producers say they’re in crisis.
Read the article here:
https://www.thestar.com/news/canada/2022/10/17/canadas-cannabis-producers-say-theyre-in-crisis-heres-what-theyre-asking-the-government-to-do.html
B.C. Enables Cannabis Farm-to-gate Sales
The Province of British Columbia announced last week that it will introduce a new cannabis retail licence that will allow eligible federally licensed cannabis producers to sell non-medical cannabis products from stores located at their cultivation sites.
The producer retail store (PRS) license is expected to go into effect on November 30, 2022.
Standard cultivators, micros and nursery licence-holders will be eligible to apply through the Liquor and Cannabis Regulation Branch’s (LCRB) liquor and cannabis licensing portal.
The media release published on the Province’s website reads, “This licence was created as part of the Province’s commitment to enable farm-to-gate cannabis sales in British Columbia… This launch follows the recent opening of the first farm-gate cannabis facility in B.C. in Williams Lake, which was a result of the government-to-government agreement between the Province and Williams Lake First Nation.”
B.C. currently has 212 federally licensed cannabis producers, which includes 74 micro-producers.
To read the full media release visit: https://news.gov.bc.ca/releases/2022PSSG0061-001490
Information about cannabis regulation in B.C.: https://www.cannabis.gov.bc.ca
Information about the Buy Legal campaign: https://www2.gov.bc.ca/gov/content/safety/public-safety/cannabis/buy-legal
Licensed cannabis producers and retail stores in B.C. interested in participating in direct delivery can find information on the program’s website:
https://www.bcldbcannabisupdates.com/LDBDirectDeliveryProgram
Information about the BC Indigenous Cannabis Product (BCICP) program: https://www.bcldbcannabisupdates.com/BCICP
Government of Canada Launches Cannabis Act Review
On September 22, 2022, the Government of Canada announced the launch of a legislative review of the Cannabis Act.
The announcement stated, “Parliamentarians recognized the need for an early assessment of the Government’s new approach to cannabis control, and included a provision requiring a review in the Act. The review will help ensure that the Act adapts to the current situation and continues to meet Canadians needs and expectations.”
An independent panel of experts will lead what is being called a credible and inclusive review. “The Panel will provide independent, expert advice to both Ministers on progress made towards achieving the Act’s objectives, and will help identify priority areas for improving the functioning of the legislation.”
In conjunction with the legislative review, an online engagement process has been launched.
All Canadians are invited to read Taking Stock of Progress: Cannabis Legalization and Regulation in Canada.
Canadians are also encouraged to share their views via the online questionnaire or through written feedback until November 21, 2022.
Take the survey here: https://ca1se.voxco.com/SE/?st=3KoT2Xgsv4uHJF2%2F0i%2F7oo5IS3ATejUCjIjdJ4lUsME%3D&lang=en
You can also read the original announcement on the Government of Canada website.
Micro licences take off in Quebec
According to a recent post at the cannabis news website, Stratcann, Quebec has seen more new micro licences in 2022 than any other province so far this year.
The CEO of the Association québécoise de l’industrie du cannabis (AQIC), Pierre Leclerc, says believes the recent increase may be a reflection of the maturing market.
“I think Quebec entrepreneurs sat back a little and watched how the market would play out… building a business model around the micro licence production is something that makes sense in Quebec.”
Read the full article here: https://stratcann.com/news/micro-licences-taking-off-in-quebec/
For more information on how AirMed supports micro growers and processors, visit our Software page.
Canadian Greenhouse Conference 2022: Oct 5-6 Niagara Falls
As Canada’s foremost event for commercial greenhouse flower, vegetable, cannabis, berry and nursery growers, the Canadian Greenhouse Conference is the ultimate connection point for growers, suppliers and research partners.
The 2022 Canadian Greenhouse Conference will take place in-person at the Niagara Falls Convention Centre in Niagara Falls, Ontario on October 5 and 6.
The CGC is excited to continue its 40-year tradition of supporting professional Canadian growers; offering two days of informative, motivating sessions and a large trade show featuring 200+ exhibitors.
For more information visit: https://www.canadiangreenhouseconference.com/