Medical Marijuana Licence Applications Pile Up At Health Canada

The application frenzy has drawn basement growers, well-heeled entrepreneurs with pharmacy expertise and even struggling junior mining firms trying to find a lucrative new business line.

CANADA: There’s no business like grow business.

Health Canada is struggling to process a mountain of applications for licences to grow medical marijuana as the country experiences a “green rush” of firms wanting to grab a piece of the coming boom.

The department had received 858 applications as of late last month, and new ones were coming in the door at an average of 25 a week.

The application frenzy has drawn basement growers, well-heeled entrepreneurs with pharmacy expertise and even struggling junior mining firms trying to find a lucrative new business line.

Health Canada radically changed the rules for medical marijuana on April 1, moving approved production from a cottage industry of thousands of loosely regulated growers to a commercially competitive sector, with an anticipated 50 larger companies shipping high-quality weed in dozens of strains.

Read full article @ Huffington Post

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