A brand new licensing course of for authorized cannabis producers in Canada limits the power of smaller corporations to draw funding, which may depart the fledgling trade dominated by corporations with deep pockets or those that received a foot within the door previous to regulation modifications in Could, trade executives stated.
The modifications happened after Well being Canada, the federal well being company answerable for the licensing course of, was swamped by functions for licensed producers, placing a pressure on its sources and inflicting months of delays for candidates.
The company has obtained over 800 functions for cannabis licences since 2013. Of these, 457 handed the preliminary paper-based assessment, however 70 per cent of them have but to point out proof they’ve constructed a facility.
– Learn all the article at CBC Information.