Following numerous bankruptcies of marijuana businesses, Health Canada announced on March 25 that it is considering cutting regulations on the industry.
Growers, wholesalers, and retailers are blaming federal taxes and regulations for ruining the licensed cannabis industry, as first reported by Blacklock’s Reporter.
“The legal cannabis industry has matured, the marketplace has evolved, and there is increased knowledge and data on public health and public safety risks associated with certain activities,” the health department wrote in a legal notice.
“Health Canada is seeking feedback on potential amendments to the Cannabis Regulations for regulatory burden reduction while still addressing public health.”
According to a regulatory impact analysis statement, Health Canada recognizes there may be regulatory measures that “could be made more efficient and streamlined without compromising the public health and public safety objectives in the Cannabis Act.”…