Tuesday, September 2nd15.9°C
22736
22746

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

22253


Recent Trending




Today's Market
S&P TSX15593.00-32.73
S&P CDNX1014.00-9.99
DJIA17029.64-68.81
Nasdaq4580.026-0.246
S&P 5001996.38-6.99
CDN Dollar0.9154-0.004
Gold1287.40-3.30
Oil95.96+1.29
Lumber349.80+1.40
Natural Gas4.116+0.014

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.250.00
Metalex Ventures0.07-0.005
Russel Metals36.42-0.06
Copper Mountain Mining2.91-0.02
Colorado Resources0.17-0.01
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



20759

FEATURED Property
2038037950 Purcell Drive
3 bedrooms 3 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_



22692

22692


Member of BC Press Council


22810