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Ups and Downs In the Canadian MMJ Industry

Submitted by Marijuana News on Fri, 03/27/2015 - 08:00

New regulations in Canada designed to improve access to higher quality medical cannabis have shaken up the market.

The rules have left some patients with few options to purchase and consume their medication, leading to several lawsuits. Meanwhile, the licensed cultivators and sellers who are now responsible for supplying safe, tested cannabis are laying down expansion plans amid optimistic growth forecasts.

Canada legalized medical marijuana on a federal level 15 years ago, and last year put in place new regulations that have smoothed the road for marijuana entrepreneurs. The path, however, has been a bumpy one, and further uncertainty looms on the horizon.

New Regulations Gives Boost to Licensed Operators

Health Canada, the agency tasked with overseeing the country’s medical cannabis program, implemented a set of rules last year known as Marihuana for Medical Purposes Regulations (MMPR) which outlined rules for growing, buying and selling MMJ in Canada. The rules...

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