As many of you may already know, October 17, 2018 marks the day that the Cannabis Act and the Cannabis Regulations come into force. Canadians will be allowed to enjoy several different cannabis products that they can purchase through various legal and regulated avenues. Individuals looking to get involved in this lucrative market will also be able to submit various cannabis licence applications to the Cannabis Legalization and Regulation Branch of Health Canada, allowing them to conduct the various cannabis-centric activities that your licence authorizes. However, a CRA cannabis licence is also required in most cases.
Yes, you may need two licences.
In addition to your Health Canada approved cannabis licence, most will also require a second type of cannabis licence that is issued to you by the Canada Revenue Agency (CRA) known as the CRA cannabis licence. Below is some need-to-know information about this licence and about entering the Canadian cannabis industry.
During the application process, you may be contacted by the CRA for additional information if it is required. Your application for a cannabis licence is not an approval to start your business activities relating to cannabis. Your licence can be cancelled or suspended by the CRA if you no longer meet the conditions to be a licensee.
Although the application process may seem daunting, dicentra Cannabis Consulting has the experience and knowledge to guide you through the regulatory landscape to get you started in the exciting industry that is the Canadian cannabis industry. In addition to assistance with licensing requirements, dicentra also offers a number of other services to assist you with all of your cannabis licensing needs, including the preparation of business plans. With this in mind and with cannabis legalization less than a month away, contact us to get ahead of the curve and to get started today!
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dicentra Cannabis Consulting is committed to keeping you well informed and educated on the Cannabis Act and the cannabis regulatory framework. We are committed to providing you with news, updates and information as the Cannabis Act and the Cannabis Regulations come into force on October 17, 2018 and into the future.