TORONTO - A new licensing process for legal cannabis producers in Canada limits the ability of smaller companies to attract investment, which could leave the fledgling industry dominated by companies with deep pockets or those who got a foot in the door prior to regulation changes in May, industry executives said.
The agency has received over 800 applications for cannabis licenses since 2013. Of those, 457 passed the initial paper-based review, but 70% of them have yet to show evidence they have built a facility. Under its new system, Health Canada requires a new facility to be fully built before one can apply for a license, moving away from a process under which a company could apply for approval after meeting certain milestones.“That pretty much put a lot of people out of the running of even applying anymore,” Mathew Columbro, president and co-founder of Vindica Cannabis Corp, a strategic consulting firm for companies in the cannabis industry.
Once their license is approved, the companies will be able to more easily raise additional capital for expansions and build out more, he said. GreenTec, which operates at all levels of the cannabis supply chain, is reaping the benefits of getting in the door prior to the regulatory change, Singhavon said.
Of course it does, cannabis legalisation is the corporate takeover of the cannabis black market.
that 'table' could be delivered to Maga ? will be more friendly with Mueller after !
Especially the companies with ties to the Liberal Party of Canada
Laws always screw the little businesses.
The more laws the less justice
On other news the sun is super hot.
free all drug related convicts!