Some Canadian medical marijuana producers want in prior to expected legalization
The number of firms applying for lucrative Canadian medical marijuana licences has topped 1,000, as a so-called “greenrush” continues to overwhelm Health Canada.
So far, only two new licences have been approved this summer even as the department tightens the application rules -Â and as nervous investors await decisions on their multimillion-dollar bids.
Health Canada says that as of Aug. 25, it had received 1,009 formal Canadian medical marijuana licence applications to grow medical weed since a call for proposals was issued last year, with 462 returned as incomplete, 201 rejected and 32 withdrawn.
