Edibles extracs oct 17/2019 . From aph news HOUSTON, TX / ACCESSWIRE / January 4, 2019 / Recreational marijuana has been legal in Canada for more than two months now.
However, some companies have been left in limbo, as many wait for regulations on cannabis edibles, topical's and extracts.
But that's expected to change this year.
In fact, Health Canada just released the first draft on its proposal of regulations for those products. Once regulations in place with Health Canada, such cannabis products will be permitted for legal sale under The Cannabis Act no later than October 17, 2019.
That alone could create a sizable investment opportunity.
According to a 2018 survey from Deloitte, nearly 60% of Canadians would use cannabis edibles.
The current draft sets caps on the amount of THC that can be in any product.
Restrictions would also be placed on ingredients that would made edible cannabis appealing to children, such as sweeteners. In addition, it could prohibit manufacturers from making any claims about health benefits or nutrition.
The $4.2 trillion wellness industry could one of many to benefit,
The very healing properties of marijuana are why spa, wellness and skincare industries are introducing a range of products with cannabis as a key ingredient.
According to Forbes, ''Hemp-derived CBD has been touted in several medical studies as having a myriad of health benefits ranging from treating psoriasis, atopic dermatitis and eczema to minimizing seizures, stress, and insomnia.''
Read more at https://www.stockhouse.com/news/press-releases/2019/01/04/canada-will-legalize-edibles-by-october-2019-and-the-market-is-substantial#QTSC7DFlSlBQ1lEI.99