Licensing for cannabis oil lags behind heady growth

The tomato enriches many recipes, yet it was the creation of tomato paste that gave birth to branded products such as ketchup and pasta sauce. This analogy is often referenced when considering the marijuana plant.

As the number of licensed marijuana producers (LPs) in Canada continues to grow, the pace of granting LPs the ability to extract, produce and sell cannabis oil has lagged.

While worries of the recreational market are fixated on distribution and price of dried cannabis, many industry workers fear a shortage of LPs licensed to also produce and sell cannabis oil will leave the market undersupplied.

According to a recent Health Canada report, the cannabis oil sector grew more than 871% between April 2016 and March 2017.

To date, Health Canada has issued 51 licences to producers under the Access to Cannabis for Medical Purposes Regulations (ACMPR). However, only 18 have been permitted to produce

... read more at: https://www.biv.com/article/2017/10/licensing-cannabis-oil-lags-behind-heady-growth/

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