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Licensing for cannabis oil lags behind heady growth

October 27, 2017

While worries of the recreational market are fixated on distribution and price of dried cannabis, many industry experts fear a shortage of LPs licensed to also produce and sell cannabis oil will leave the market undersupplied.

The regulatory system is not structured to solely license companies exclusively focused on oil extraction: “The way the system is set up is that it is a complete seed-to-sale licence,” says Rosy Mondin, executive director at the Cannabis Trade Alliance of Canada, and also president and CEO of Quadron Cannatech Corporation (CSE:QCC), a Vancouver-based company that creates and supplies extraction equipment and services.

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