OPINION: Long-awaited Cannabis Act review leaves big gaps for pot industry

  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

While a review of the Cannabis Act is underway, there are some missing pieces from the review that will leave the sector facing challenges.

On Oct. 17, 2018, Canada became the first G7 nation to legalize recreational cannabis. With the potential of being a global leader in this space, the industry has since faced numerous hurdles navigating an overly complex regulatory environment.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

For example, Alberta’s government, which runs wholesale distribution, charges a 6% markup to retailers whereas the Ontario Cannabis Store , the Ontario government’s wholesaler and distributor, charges a 30% markup to retailers. Ontario’s Auditor General conducted a review of the OCS in December 2021. In their report, they outlined a range of vulnerabilities including pricing models, how the OCS manages data and oversight of their delivery service partner.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happens to all the crop farmers that lost their crops before this pamademic and most definately likely still know who the government leadership is behind that or there would be no government and there is.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPINION: Long-awaited Cannabis Act review leaves big gaps for pot industryWhile a review of the Cannabis Act is underway, there are some missing pieces from the review that will leave the sector facing challenges.
Source: ottawasuncom - 🏆 4. / 92 Read more »