Canada's launch of legal cannabis last year came with plenty of fanfare and bullish expectations for operators in the space. Canada's foray into legal cannabis last year was intentionally slow, methodical and tempered. Health Canada, the governing body overseeing and regulating cannabis sales, on Thursday will start accepting applications from companies seeking to produce cannabis-derived goods such as edibles, beverages and vaping products. The amended regulations also restrict ingredients in vaping products and will not allow sugars, sweeteners or sweetening agents. The biggest question mark will be consumer demand for vaping products amid the concerns surrounding the recent lung illnesses in the US, where suspicion has fallen on black market THC vaping products.
It's time for Cannabis 2.0 in Canada. Canada's foray into legal cannabis last year was intentionally slow, methodical and tempered. The forms of recreational cannabis were limited to dry flower (or bud), tinctures and capsules. Canada is marking its one-year anniversary of legal weed by way of a product upgrade. Health Canada, the governing body overseeing and regulating cannabis sales, on Thursday will start accepting applications from companies seeking to produce cannabis-derived goods such as edibles, beverages and vaping products. The planned enhancement is projected to be a billion-dollar boon for Canada's burgeoning cannabis businesses. But, staying...
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