British Columbia Cannabis Market

The Canadian cannabis market is poised to have a major effect overall on country’s economy. One study from Deloitte Private pegged the potential economic impact of legalized recreational cannabis in Canada at more than $22 billion, including transportation, licensing fees and security. Cannabis Extraction Business

On February 5, 2018 the BC Provincial Government announced decisions on public consumption, retail sales model, and personal cultivation. In BC, the Province has determined it will allow personal cultivation, some public consumption of vaped and smoked cannabis, and outlined a model for retail sales. Like most other provinces and territories BC is raising the minimum age to possess, purchase, and consume cannabis to 19 years old.

BC has a government-run wholesale distribution model. The BC Liquor Distribution Branch (LDB) is the wholesale distributor of non-medical cannabis in B.C. however, the retail model is a combination of both public and private retail. British Columbians from across the province can also purchase non-medical cannabis from the LDB’s online BC Cannabis Store. Cannabis business plan template

Municipalities have the ability to ban private retail operations or further limit the nature and scope of these operations depending on their municipal bylaws and regulations.