Rising insolvency numbers in Canada's legal cannabis industry have prompted millions of dollars in regulatory relief.
Taking effect April 1, the new measures will help legal cannabis distributors, wholesalers and retailers, Blacklock's Reporter reports — resulting in a net savings in the industry of around $42.1 million annually.
"The cannabis industry is facing economic difficulties which threaten a key objective of the Cannabis Act which is to provide for the legal production of cannabis to displace the illegal cannabis market," read an impact analysis statement from the Department of Health.
"A healthy, well-regulated, diverse and competitive legal industry is a key element of the cannabis framework."
Read more at The Toronto Sun