Cannabis Facts

Cannabis in Canada

  • Cannabis in Canada is legal for both recreational and medical purposes.
  • The federal Cannabis Act came into effect on October 17, 2018 and made Canada the second country in the world, after Uruguay, to formally legalize the cultivation, possession, acquisition and consumption of cannabis and its by-products, the first G7 and G20 nation to do so.
  • Edible cannabis products are to be legalized fall 2019.
  • May 8, 2019 Health Canada published a statement concerning changes to the licensing process for cannabis.
  • New license applications to cultivate, process or sell cannabis must have a fully constructed site meeting Cannabis Regulation requirements which NAVAYA will meet.
  • Going forward in assessing the risks inherent to a major project, applicants will have to construct their production or processing facilities without any specific comments by Health Canada on the regulatory conformity of the project.

Rapidly Growing Industry

$ 0 B
Canadian market [1]
$ 0 B
US market [2]
$ 0 B
European market [3]

[1] Source BMO market size by 2025 if medical and recreational uses are legalized
[2] Source Cowen market size by 2030
[3] Source Eight Capital market size by 2024