A final regulation has been made enabling the sale of cannabis edibles, extracts, and topical. It will take effect later this year and a wider selection will be available for the years to come. This is a big move towards improving the current cannabis market. The regulation will kick-start the cannabis industry. Retailers can now offer various cannabis products to drive people to their business.
For retailers to sell cannabis edibles, extracts, and topical, they need to seek an amendment to their license and they can submit their request starting July 15, 2019, and the process would take a few months. The regulation will take effect on October 17, 2019, and until then businesses can start submitting new product notifications (60-day rule).
What are the product requirement for cannabis?
- There should only be 10 milligrams of THC per package of cannabis edibles.
- For cannabis topical, every package should have a THC limit of 1,000 milligrams.
- Cannabis infused gummies and chocolates are allowed provided they do not appeal to the younger market – shape, taste, and color.
- Cannabis edibles should be shelf-stable – will not require freezing or refrigeration.
Cannabis market regulation appeals to retailers
The new regulation of cannabis is appealing to retailers across Canada. This will eventually lead to a more competitive market. Since the legalization of adult-use cannabis in October 2018, the regulated industry has an underwhelming growth secondary to limited product selection and slow rollout of new retailers in some parts of Canada like Ontario and British Columbia. The new product category is foreseen to have a positive impact on cannabis sales. It’s a win-win situation for consumers, entrepreneurs, and shareholders.
What to expect in the cannabis market moving forward?
Cannabis edibles will become legal come mid-December, but the initial supply is small. There will be a limited range of products and it will not include something that might appeal to the younger market. Health Canada has released new regulations which include strict packaging and labeling requirements. Each individual package should have a maximum of 10 mg of THC so as to avoid over-consumption. THC is the main psychoactive component in cannabis. Ingesting cannabis may take up to four hours to take effect and the effect can last much longer when compared to smoking cannabis.
All this to limit the appeal of cannabis product, prevent over-consumption, and reduce the risk of food-related illnesses.
Bottom line, cannabis edibles should be child-resistant, child-proof packaging, and not appealing to the youth. The priority is to protect the kids, protect the health, and look after the welfare of consumers. Health Canada also gives emphasis on displacing the illicit market that has been operating over the decades. Buying from the black market is not a smart decision as you can’t be assured of the potency and authenticity of the product. Most products in the black market contain ingredients that are not fit for human consumption such as insecticides, pesticides, and fertilizers. With Canada’s final regulations on cannabis edibles, consumers can expect friskier and safer products.
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