Health Canada Overwhelmed By Medical Marijuana License Applications, Approvals Slow

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grow medical weed since a call for proposals was issued last year, with 462 returned as incomplete, 201 rejected and 32 withdrawn.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