Health Canada has published their scheduled updates to the Cannabis Regulations, Hemp Regulations, and Cannabis Act, streamlining some aspects of the regulations to benefit the legal cannabis market.
The regulation changes focus on five key areas: licensing, production, packaging and labelling, security, and record keeping. The government’s goal with these changes is to address some of the challenges expressed by the industry while maintaining the key public health and safety concerns within the federal Cannabis Act.
Although there have been other changes to the regulations since legalization came into force in October 2018, this is the most extensive package of regulatory changes so far.
While the regulatory changes are expected to increase regulatory costs for Health Canada, the agency says the regulatory burden and costs for small businesses will be reduced. An estimated total reduction in administrative burden on business is expected to be $7.8 million annually (in 2012 dollars).
Read the full article at StratCann
