Canadian marijuana companies awaiting a potentially major regulatory overhaul that could pump new life into the country’s fledgling infused beverage market will have to wait a bit longer.
Canada’s federal health department told MJBizDaily that proposed changes to regulations that would effectively increase the amount of cannabis beverage consumers could purchase at any one time by more than eightfold aren’t expected to be ready until fall – at the earliest.
Some businesses had been hoping the proposed change would be rolled out before summer, but the government now says that won’t happen until at least the fall.
“I can’t think of any stakeholder across the cannabis supply chain, from producers to retailers, that would be pushing back against this regulation,” Paul Weaver, head of cannabis at Boston Beer Co., told MJBizDaily.
“As far as regulations changes go to cannabis in Canada, the hanging fruit doesn’t get any lower than this. It’s a pretty straight-forward fix that everyone wants.
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