A brand new licensing course of for authorized cannabis producers in Canada limits the flexibility of smaller firms to draw funding, which may go away the fledgling business dominated by firms with deep pockets or those that received a foot within the door previous to regulation adjustments in Could, business executives mentioned.
The adjustments took place after Well being Canada, the federal well being company answerable for the licensing course of, was swamped by purposes for licensed producers, placing a pressure on its sources and inflicting months of delays for candidates.
The company has acquired over 800 purposes for cannabis licences since 2013. Of these, 457 handed the preliminary paper-based overview, however 70 per cent of them have but to point out proof they’ve constructed a facility.
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