Licensing for cannabis oil lags behind heady growth

October 27, 2017 / kincommunications.com / Article Link

While worries of the recreational market are fixated on distribution and price of dried cannabis, many industry experts fear a shortage of LPs licensed to also produce and sell cannabis oil will leave the market undersupplied.

The regulatory system is not structured to solely license companies exclusively focused on oil extraction: "The way the system is set up is that it is a complete seed-to-sale licence," says Rosy Mondin, executive director at the Cannabis Trade Alliance of Canada, and also president and CEO of Quadron Cannatech Corporation (CSE:QCC), a Vancouver-based company that creates and supplies extraction equipment and services.

Recent News

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com

Big Mining slightly misses expectations, operating earnings edge down

March 17, 2025 / www.canadianminingreport.com

Strong revenue growth continues while costs ease

March 10, 2025 / www.canadianminingreport.com

Gold stocks back near highs

March 10, 2025 / www.canadianminingreport.com

Budgets shift to later phases and larger companies

March 03, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok