Health Canada faces a ‘massively steep learning curve’ in regulating the nascent legal industry.
The regulatory gates to Canada’s legal marijuana regime are open, but only a crack.
Health Canada has received 1,630 applications for licences to grow or sell medical cannabis as of March 31. Only 43 licences have been approved so far, representing just 2.6 per cent of the total applications.
The seven-stage application process to obtain a licence is “not for the faint of heart,” said Eileen McMahon, who chairs the food and drug regulatory practice at Torys LLP. Compared to other highly regulated industries like pharmaceuticals or medical devices, McMahon said, the rate of regulatory default in Canada’s legal marijuana industry is remarkably high so far.
– Read the entire article at CBC News.