Prohibition to Go Up in Smoke – Introduction to the Cannabis Act
Last week the Canadian Federal government tabled a pair of bills which, assuming they pass through the parliamentary process necessary in order to become law, will establish a framework for the legalized (but still highly regulated) production, sale, distribution and possession for non-medical purposes of cannabis in Canada.
In addition to possession and personal grow rights, the Cannabis Act (the short title for one of these bills) also sets the groundwork for the production and sale of derivative products, initially including oils and seeds, and, subject to regulations still to come, food, beverages, and likely a host of other products which will be developed over time.
Legalization does not come without restriction. A variety of issues have yet to be determined, such as specific advertising restrictions, and how each of the provinces and territories will enact their own rules and regulations around production, sale and other licensing of cannabis and cannabis-related products.
One thing is for certain though: with the official end of cannabis prohibition on the horizon, the marijuana industry in Canada is about to see an explosion of growth.
Read more about the proposed Cannabis Act in Prohibition to Go Up in Smoke: Government of Canada Introduces Legislation to Legalize and Regulate Non-Medical Access to Cannabis, written by my colleagues James Munro, Sasa Pudar, Stephanie Di Francesco, and Lauren Ray.
September 27, 2018
Crowdfunding in BC? Your Pool of Potential Investors Has Grown!
BC Securities Commission announced that it has amended the crowdfunding rules to allow issuers based in BC to extend the reach of their crowdfunding campaignsMorgan McDonald Fundraising
March 26, 2018
PVCC 2018 a Success!
Michael E. Reid Community
March 22, 2018
Innovation is live and well in Vancouver!
Vancouver Entrepreneur Forum dove into the question of what large enterprise corporations are doing to disrupt and innovate from withinMorgan McDonald Community