SERVICES
Financial experts predicts with the legalization of cannabis use in Canada, cannabis stocks and production has become the new hot trend. Our company have financial experts for stock investments that guarantees results.
If being a manufacturer is your goal, we have a turnkey construction service for a cannabis facility. Our team will handle all the construction steps ranging from excavation to the minor details.
Click here for details about an investment conference for cannabis
Analysts predict Canada Cannabis industry will reach $4.5 billion by 2021
The legislation divides the responsibilities of legalization between the federal and provincial governments. Ottawa will regulate production, including licensing producers and ensuring the safety of the country’s cannabis supply. The federal government has stipulated that buyers must be at least 18 years old, but provinces will be able to set a higher age limit if they wish. Those who want to grow their own cannabis will be limited to four plants per household. Canadians will be allowed to carry up to 30 grams of dried cannabis for personal use.
Canada’s federal government has indicated it won’t interfere in how provinces decide to regulate distribution, taxation and retail – “Each province has the flexibility to design it the way they think most appropriate. Ontario has laid out their proposal. That’s within their jurisdiction to do,” Canada’s public safety minister, Ralph Goodale, told reporters, according to The Canadian Press.
Cannabis for Medical Purposes
As of October, 2018, there are 132 licensed producers of cannabis for medical purposes. Licensed producers are authorized to sell to registered clients who have been authorized by their healthcare practitioner to use cannabis for medical purposes. Products are delivered to clients securely through the mail or by courier.
More than 270,000 individuals are registered to purchase cannabis from licensed producers, while more than 4,000 individuals are registered with Health Canada to produce a limited amount of cannabis for their own medical purposes. On average, the number of registered clients has been growing by 10% a month. Sales of dried cannabis have been growing by 6% a month, and sales of cannabis oil have increased by 16% a month.
Application Process
Preliminary screening (Application Checklist)
Once an application has been assigned an application number, it will be reviewed to ensure that the level of detail included in the application is sufficient to assess the requirements of the regulations.
Initiation of security clearance process. When applying for a licence to produce under the ACMPR, a Security Clearance Application form must be submitted.
Section 21 of the ACMPR (Inspection of Site) allows for the possibility of a pre-licence inspection. This includes, but is not limited to: Security Measures, Good Production Practices, Packaging, Labeling and Shipping, Registration, and Record Keeping.
Health Canada conducts routine inspections of licensed producers of cannabis for medical purposes, to verify their ongoing compliance with the regulations. It is expected that licensed producers of cannabis for medical purposes will take timely and appropriate corrective actions when any issue of non-compliance with the ACMPR is brought to their attention.