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You are here: Home / Business / Health Canada Overwhelmed By Medical Marijuana License Applications, Approvals Slow

Health Canada Overwhelmed By Medical Marijuana License Applications, Approvals Slow

September 2, 2014 by MJ News Network Leave a Comment

CANADA:  The number of Canadian firms applying for lucrative medical marijuana licences has topped 1,000, as a so-called “greenrush” continues to overwhelm Health Canada.

So far, only two new licences have been approved this summer even as the department tightens the application rules — and as nervous investors await decisions on their multimillion-dollar bids.

Health Canada says that as of Aug. 25, it had received 1,009 formal licence applications to grow medical weed since a call for proposals was issued last year, with 462 returned as incomplete, 201 rejected and 32 withdrawn.

That still leaves almost 300 applications being assessed.

 

Read full article @ Vancouver Sun

Filed Under: Business, Medical Marijuana, Politics Tagged With: Canada, cannabis, end failed war on drugs, greenrush, legal marijuana, marijuana, marijuana business, medical marijuana, mmj

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