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.”
What We Heard Report
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
Canadian Cannabis: State of the Industry Report
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/
Canadian cannabis sales projected to double over next five years
A “Cannabis Canada Weekly” column published on BNN Bloomberg in March 2022 reports that Canadian cannabis sales are expected to double to $8.8B over next five years.
The article refers to a report published by the market researchers at Brightfield Group and notes, “The pace of sales in Canada’s cannabis market may be slowing down, but it is still expected to double over the next five years, according to a new report.”
Read the article by visiting BNN Bloomberg: https://www.bnnbloomberg.ca/cannabis-canada-weekly-market-expected-to-double-by-2027-pot-stocks-up-on-u-s-legalization-hopes-1.1743189
Health Canada authorizing dried and fresh cannabis sales to licensees
Beginning April 19, 2022, existing holders of micro and standard cannabis licenses in Canada will be granted authorization to sell dried and fresh cannabis products. A notification went out to existing license holders at the end of March that this regulatory change will allow them to sell dried or fresh cannabis products to provincial wholesalers. Prior to this, a sales amendment was required to sell those products.
“Initial licensing came with sales conditions, and the amendment application process could take months,” said Justin Hearn, president and CEO of AirMed Canada Systems, “These changes are designed to reduce the regulatory burden for licensees and help them get their products to market more quickly. We expect this to be especially significant for our micro clients who want to carry out farmgate sales.”
Health Canada will automatically reissue licenses with amended conditions over the next three months. Those who had already applied for an amendment for dried and fresh cannabis sales will be prioritized in the process. Following the regulations, licensees will still need to submit a Notification of New Cannabis Product (NNCP) 60 days in advance of the sale of any new product.
This modification to the license program has been implemented as part of Health Canada’s efforts to improve the cannabis licensing process. According to the notification, “The decision is based on the lower risk associated with producing dried and fresh cannabis products.”
Note that the change applies only to dried and fresh cannabis products. Other products, such as edibles and vape cartridges, are not included in the sales amendment. Licensees planning to sell those products must still apply to Health Canada for a sales amendment.
“While these changes do not apply to the sale of extracts and edibles, it is certainly a step in the right direction,” said Hearn. “We expect edibles and extracts to play a significant role in cannabis sales in the future and have already added support in AirMed for these classes of cannabis.”
For more information about cannabis in Canada, visit: https://www.canada.ca/en/services/health/campaigns/cannabis/industry.html
For information on how AirMed manages the sale of cannabis products for licensees, visit: https://airmedcloud.com/software/#sell