Saturday, July 26th17.2°C
22716

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

22315


Recent Trending




Today's Market
S&P TSX15455.04+60.59
S&P CDNX1017.445.79
DJIA16960.57-123.23
Nasdaq4449.564-22.543
S&P 5001978.34-9.64
CDN Dollar0.9247+0.0002
Gold1294.80+4.2001
Oil104.30-0.29
Lumber326.00+0.20
Natural Gas3.783-0.064

 
Okanagan Companies
Pacific Safety0.185-0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07-0.01
Anavex Life Sciences0.275-0.005
Metalex Ventures0.08+0.01
Russel Metals35.36-0.21
Copper Mountain Mining2.820.00
Colorado Resources0.21+0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.19+0.01

 



21411

FEATURED Property
1846496146 timberline road
10082250 bedrooms
$389,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22685