Why today become a licensed manufacturer of cannabis?
The planned regulations are not too distant from the existing requirements. Today's licensers are more compatible in many ways than the somewhat less stringent licensing protocol. Companies benefit from this advantage by proactively applying for their pre-queue production licenses. By November 15, 2017, there are currently 73 approved manufacturers serving this market, and the number is rapidly rising as cannabis is legalized for non-medical use by mid-2018.
The potential market will be huge, and Health Canada seems to be anticipating this as the new licensing system will allow all players to build a commercial legal cannabis business. It provides another advantage that the currently approved producers would have because of the proposed type of license. Licenses based on the desired enterprise size can be select as "micro" for small businesses or "standard" for large enterprises. Currently approved producers meet the future "standard" criteria to their advantage and are known as a major cannabis generator. The measurement of "micro" or "standard" criteria is by the production area and the intended amount of cannabis.
The government will allow more activities to be offered under a Health Canada growing license, as all are carried out in the same place, similar to now. The basis of the structure is on decades of experience with standardized procedures for high-quality medical marijuana and an understanding of business and general regulations. Canadian legalization has initiated several new investigations into possible treatments, varieties, and shapes of products, and thus there is unlimited commercial potential for the approved manufacturers. It benefits the licensed producers as nations that approve drug laws for medical use consider us a legitimate source of medical marijuana.
Dicentra cannabis consulting is the leading professional consulting firm in Canada focused on all cannabis security, quality, and compliance issues.
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