Premiers say Ottawa must deal with cannabis supply, attract producers to legal market and beef up enforcement of illegal sales

Ashley Keenan, The Growth Op

While progress is being made on the cannabis file, Canada’s premiers are calling on Ottawa to take bolder action to meet the demand for safe products, reduce illegal market activity and ensure provinces don’t continue to lose money.

This meeting of minds follows the recently wrapped get-together in Saskatoon, Sask. from July 9 to 11. On the docket of the Council of Federation Summer meeting was a discussion of the successes and shortcomings of cannabis legalization since last October.

The federal government, which is responsible for licensing cannabis producers, was urged to quickly address the ongoing inadequacy of cannabis supply. The supply issue affects the ability for provinces and territories to meet the demand for safe products and reduce illegal market activity, notes a press release issued by the Government of Saskatchewan following the meeting.

Read more at The Growth Op

B.C. craft cannabis co-op returns to Kelowna for input on governing rules

Micheal Rodriguez, Kelowna Capital News

Kelowna residents are welcome to give input at the second community engagement meeting to establish the parameters of a B.C. craft cannabis co-op.

Grow Tech Labs will host the roundtable meeting at 1:30 p.m. on July 17 at the Ramada Hotel & Conference Center.

The draft co-op rules reflect feedback from the first round of consultation that took place this spring.

“To be effective, a B.C. craft cannabis co-op’s governance structure needs to reflect the interests of all potential members,” said Grow Tech Labs’ CEO Barinder Rasode.

Read more at Kelowna Capital News

Freeing craft cannabis from 'grey market' worth $3 billion to B.C: report

Randy Shore, Vancouver Sun

Health Canada rules for micro-cultivation of recreational cannabis have kept most of the pot sold in B.C. — and the expert growers who made B.C. bud a global brand — locked up in the grey market, industry leaders say.

Licensing just 15 per cent of B.C.’s 6,000 grey market craft cannabis growers and raising production caps could legitimize nearly $3 billion in cannabis sales in two years, according to an analysis by the cannabis business accelerator Grow Tech Labs.

The cost of entering the regulated market, combined with tight limits on capacity, conspire to create a business model that isn’t viable for growers currently working in the unregulated market, said CEO Barinder Rasode, a former Surrey city councillor.

Read more at Vancouver Sun

Cannabis Co-op sets date for community consultation

Sharon Vanhouwe, MyCoastNow

As part of the next phase of community engagement, the B.C. Craft Cannabis Co-op has announced the dates for the next round of meetings.

Natasha Kumari with Grow Tech Labs says the goal of these meetings is to review the co-op’s governance structure and investment framework.

“What we are doing is the second phase of consultation and that is going to provide potential members an opportunity to have their input on the finalized framework, things related to membership categories, membership termination, investment structure, membership fee.

Read more at MyCoastNow