Tuesday, May 26th13.6°C
26426
26319

Some facts and figures on medical marijuana, subject to new rules Tuesday

OTTAWA - Facts and figures on medical marijuana in Canada, which is subject to new rules on Tuesday that require patients to acquire their pot from government-approved producers rather than home-grown supplies. (A temporary Federal Court injunction has delayed full implementation of the new regime until a legal hearing.)

Number of authorizations to possess under the old rules: 37,800

Patients authorized to grow for themselves: 25,000

People designated to grow for someone else: 3,900

Estimated number of home-grown plants under the old system: 3.3 million

Price of dried marijuana, per gram, when purchased directly from Health Canada under the old rules: $5

Number of commercial producers currently licensed under the new regime: 12

Number of applications to Health Canada, as of early February, to become a licensed producer: 454, with about 25 new applications coming in each week

Expected price of dried marijuana, per gram, under the new rules: Varies among producers and their individual products, but expected to average about $8 initially.

Projected total additional cost to all approved patients as a result of the new system: $166 million a year for 10 years

Projection of number of medical marijuana patients by 2024: Up to 450,000

Sales projections for the new industry by 2024: $1.3 billion a year.

(Source: Health Canada)

The Canadian Press


Read more Business News

25528


Recent Trending




Today's Market
S&P TSX15167.56-19.84
S&P CDNX699.12-0.93
DJIA18100.23-131.79
Nasdaq5048.10-41.26
S&P 5002111.98-14.08
CDN Dollar0.8050-0.007
Gold1188.90-15.40
Oil59.45-1.22
Lumber273.80+3.70
Natural Gas2.816-0.071

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.51+0.02
Cantex0.03-0.01
Anavex Life Sciences0.4335+0.0085
Metalex Ventures0.08-0.01
Russel Metals25.83+0.00
Copper Mountain Mining1.31-0.02
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175+0.005
Decisive Dividend Corporation2.20+0.60

 



25528

FEATURED Property
2292821Interval Timeshare
$1,000
more details
Click here to feature your property
Please wait... loading


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



26418




Member of BC Press Council


25479