Is Canada’s cannabis industry hoping to change current policy?

Despite cannabis legalization being six months in the rear mirror, some industry players say Canadian cannabis companies are still struggling with a restrictive policy framework that is limiting the sector’s growth and helping the black market to flourish.

There are, of course, other factors that chamber members regard as impediments to industry growth, Greer says, including restrictions on branding that make it difficult for licensed producers to establish a recognizable brand among consumers; and packaging requirements, which include large health and safety warnings, that all but force LPs to use sometimes unnecessarily large plastic containers.

In the meantime, Vrána and Greer say, federal regulations related to production and packaging are driving up costs for cannabis companies that are passed directly onto consumers. Legal cannabis is nearly 57 percent more expensive than black market marijuana, notes data from Statistics Canada. Recognizing trusted brands and well-tested products will turn consumers to legal dispensaries, Roth believes, instead of unregulated black market alternatives.

Fortunately, edibles are scheduled to become available online and in licensed retail stores by October, at the latest, which is expected to be a major boon to the sector.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Opinion: Through the smoke, the cannabis industry needs to develop big visionComplaints about odour have begun to whittle away at the still-new marijuana industry’s image, but that’s just an inflection point that will signal if it really wants to create change
Source: globeandmail - 🏆 5. / 92 Read more »

Wish-cycling: Canada’s recycling industry in crisis modeFor decades, Canadians tossed their recyclables into blue bins and never looked back. But with China backing out as a buyer of the world’s junk, Canada’s recycling industry is struggling “Aspirational recycling” is a problem. It contaminates what *can* be recycled with stuff people wish would be. And it all becomes trash once it’s contaminated. Most of it is trash if you factor in all costs. 'Recycling' is code for 'Hide it in Asia.' It's time we started to turn recyclables into recycled goods. There's no reason its getting shipped overseas for processing.
Source: globeandmail - 🏆 5. / 92 Read more »

Onex shakes up Canada’s airline industry with all-cash deal to buy WestJetUnder the agreement, Onex will pay $31 a share for the Calgary-based carrier for a transaction price of $5-billion, including debt globebusiness Should we expect an airfares increase to pay for the purchase?
Source: globeandmail - 🏆 5. / 92 Read more »