Canada’s largest enterprise affiliation is throwing its full weight behind the cannabis business as companies look to reap the benefits of the nation’s first-mover benefit in international markets.
To comprehend the total enterprise potential of the nation’s marijuana business, the Canadian Chamber of Commerce says the nation should do extra.
The Chamber has established the Nationwide Hashish Working Group – comprised of main corporations like Cover Progress and Aphria – to advocate on companies’ behalf to enhance the sector’s competitiveness.
“Whereas Canada has a profitable alternative with our head begin within the nascent international cannabis business, we’d like a public coverage atmosphere that can assist maximize the total financial potential of the sector,” group co-chair and Chamber cannabis coverage lead Ryan Greer mentioned in a information launch.
Buoyed by a large inflow of capital from traders trying to money in in the marketplace’s potential, Canadian medical marijuana corporations have invested closely to determine beachheads in additional than two dozen international locations.
Nonetheless, few have turned a revenue thus far, inflicting impatient capital and investor curiosity to shift to higher-potential corporations in markets like the USA.
“Creating consciousness concerning the alternatives that exist throughout the burgeoning cannabis sector each in Canada and globally is a message we’re trying ahead to sharing with Canadians,” mentioned co-chair Nathan Mison, vp at Hearth & Flower Hashish.
The working group will include cultivators, processors, retailers and ancillary sectors reminiscent of monetary and authorized companies “to sort out public coverage points from all sides of this new business.”
Thus far the cannabis working group is comprised of:
- Hearth & Flower
- Rolling Greens
- Elevate & Co.
- Hashish Compliance Inc.
- Harvest One
- HEXO Corp
- Yardstick Testing and Coaching
- Deloitte Canada
- Dentons Canada LLP
- Tilray Inc.
- Clark Builders