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Tag Archives: Regulations

Naturally Splendid Comments on Health Canada’s Exemption to Industrial Hemp Regulations

The exemption, published on August 10, 2018, enables companies with the relevant licenses to commence using the whole hemp plant for commercial purposes, which was prohibited under previous regulations. The exemption will remain in place until the scheduled implementation of the Cannabis Act on October 17, 2018, which allows for whole plant utilization from that date onwards. The significance of whole plant utilization in the new regulations will allow for the extraction of CBD (cannabidiol) from hemp, which currently is illegal in Canada.
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Health Canada announces regulations to support the Cannabis Act

the Task Force on Cannabis Legalization and Regulation undertook broad consultations with communities and stakeholders across Canada. The Task Force heard from Canadians, who participated in an online public consultation that generated nearly 30,000 submissions from individuals and organizations.
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Complete Cannabis Guide #4: Provincial Regulations In Canada

In our "5 Predictions For the Cannabis Industry", one of the predictions we made was that provincial supply agreements will take over licensed capacity as the most important driver for revenue profitability. We think supply agreements are important because cannabis will still be a somewhat "controlled" product given that procurement and retailing will be regulated on a provincial level. Investors need to understand the provincial plans because provinces will be the ones that determine the distribution and final sales of marijuana across Canada. Federal legalization is essential, but it is provincial plans that dictate the profitability and the future of cannabis companies
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