Growing Medical Marijuana Is Big Business In Canada

He plans to sell it for medical use under a new government plan starting on April 1 that will ban home cultivation in favor of large commercial greenhouses. Rifici’s start-up Tweed Inc. is one of only six companies to earn a permit to grow from Health Canada significantly, and you will be the first in the world to be traded on the stock market publicly.

Security is airtight-as required by the new federal regulations. Personnel must swipe id cards each right time they enter and leave an area, and the facility in Smiths Falls is under constant video security. Rifici informed AFP throughout a tour of the service. Inside, employees wearing laboratory jackets and locks nets are constantly pruning the vegetation.

Heat, humidity, carbon dioxide, air flow, nutrients nourishing and light (12 hours on, 12 hours off) are monitored and controlled by advanced software. Hershey’s used to make chocolate here, but the factory closed six years back, after five decades functioning. 9 million) in “seed money,” has moved in and plans to disperse its marijuana across Canada for medical use.

When renovations are completed, the Tweed manufacturing plant will contain 30 grow rooms containing 1,300 plants each, as well as a “mother room” for seedlings. Rifici, directing to bulbs being installed in one grow room. Workers shall need to wear sun glasses, long-sleeved tops and sunblock to enter, he said. Color on the wall space is damp still. In a large part, old two-story tanks that once contained sugar for making chocolate candies are being repurposed to carry water for hydroponics. The marijuana itself, it is slice and dried out and packed once, will be stored in a secure vault awaiting delivery by courier or email to customers.

150 million well worth of cannabis. The use of weed for medicinal purposes was effectively legalized in Canada in 1999, and such use has been extended through a series of court challenges. According to government numbers, more than 37,350 Canadians have prescriptions for medical marijuana. The typical user is male, in his 40s, and smokes 10 grams each day. Health Canada originally tried supplying the drug, growing it in an abandoned mine shaft in the far north, but it was widely panned as weak.

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Thereafter almost 30,000 home-based growing procedures were permitted to crop up. But local officials complained about a insufficient monitoring, and police worried about an increase in crime. Under the new regulatory regime, all of these small backyards will be replaced by fewer but larger commercial procedures. Health Canada is reviewing 450 applications for the new commercial licenses.

Tweed initially expects to harvest 50-100 kilograms (110-220 pounds) of cannabis every 8 weeks. The company is certified to grow and sell up to 15, 000 kilograms per year. All six licensed companies are focused on the domestic market currently, however, many are available to export opportunities. Canadian-Dutch joint venture Bedrocan is likely to become the first to lawfully import marijuana into Canada.

Recreational use remains prohibited under Canadian legislation. But Rifici, that has ties to Canada’s opposition Liberals, said he is closely watching the “political winds.” Liberal leader Justin Trudeau has called for decriminalization, but three other efforts to change the statutory law have failed. Rifici noted that the new regulations have created a production and distribution system that could also accommodate sales to recreational pot smokers, who are estimated to number one million nationwide.

Tweed currently utilizes 20 staff, but as it ramps up, it expects to include up to 200 careers. This won’t quite replace the 600 jobs lost when Hershey’s turn off the place. But Tweed plans to lease a few of its 500,000 square feet (46,450 rectangular meters) of stock space to others to make up the difference. Smiths Falls, a town of 9,000 residents, has faced “significant economic challenges before couple of years,” said Mayor Dennis Staples. If Tweed hadn’t arrive, the plant could have been demolished and the town-which has shed 1,700 jobs in recent times-would have lost important commercial capacity, he told AFP.