Cannabis prices in Canada have soared since legalization. Many cannabis consumers are opting to purchase on the black market. Grow Tech Labs CEO Barinder Rasode says the growing price gap shows the current regulations around legal cannabis are failing.
Harrison Jordan, Leafly
In a November 2017 announcement, Health Canada detailed their intent to license small scale commercial cannabis cultivators and processors, saying that it hoped to “enable a diverse, competitive legal industry comprised of both large and small players in regions across the country.”
Now, nine months after companies were given the go ahead to apply for micro level licenses, Health Canada has issued just the second micro license while more than 100 companies have been authorized to cultivate and process cannabis under the standard license designation.
Ashley Keenan, The Growth Op
While progress is being made on the cannabis file, Canada’s premiers are calling on Ottawa to take bolder action to meet the demand for safe products, reduce illegal market activity and ensure provinces don’t continue to lose money.
This meeting of minds follows the recently wrapped get-together in Saskatoon, Sask. from July 9 to 11. On the docket of the Council of Federation Summer meeting was a discussion of the successes and shortcomings of cannabis legalization since last October.
The federal government, which is responsible for licensing cannabis producers, was urged to quickly address the ongoing inadequacy of cannabis supply. The supply issue affects the ability for provinces and territories to meet the demand for safe products and reduce illegal market activity, notes a press release issued by the Government of Saskatchewan following the meeting.
Micheal Rodriguez, Kelowna Capital News
Kelowna residents are welcome to give input at the second community engagement meeting to establish the parameters of a B.C. craft cannabis co-op.
Grow Tech Labs will host the roundtable meeting at 1:30 p.m. on July 17 at the Ramada Hotel & Conference Center.
The draft co-op rules reflect feedback from the first round of consultation that took place this spring.
“To be effective, a B.C. craft cannabis co-op’s governance structure needs to reflect the interests of all potential members,” said Grow Tech Labs’ CEO Barinder Rasode.
Barinder Rasode, co-founder and CEO of Grow Tech Labs, discusses the value of the small cannabis cultivators in B.C., which make up much of the grey market in the province.