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    cannabis investing

    Health Canada Now Allows Sale of Cannabis Oil

    Kristen Moran
    Jul. 08, 2015 02:30AM PST
    Cannabis Investing News

    Global News reported that Health Canada has decided to change and expand its medical marijuana regulations, allowing the sale of oil and fresh buds in addition to the dried form of the drug.

    Global News reported that Health Canada has decided to change and expand its medical marijuana regulations, allowing the sale of oil and fresh buds in addition to the dried form of the drug.
    As quoted in the market news:

    The new rules announced Wednesday comes on the heels of last month’s unanimous Supreme Court of Canada decision that struck down limits on what constitutes legally allowable forms of medicinal pot.
    Under the new rules 25 licensed producers across the country will be able to produce and sell cannabis oil, fresh buds and leaves needed to make edible products to registered patients. However, producers will not be permitted to sell plant material that can be used to propagate marijuana.
    Health Minister Rona Ambrose had initially said she was outraged by the Supreme Court decision, which would let patients consume the drug in the form of edible brownies or cookies.
    The high court ruling also left a grey area for commercially licensed pot producers as the decision gave medical marijuana users the right to both possess and consume cannabis derivatives, such as edibles, but it was unclear if licensed growers were allowed to sell anything other than the dried form of the drug.
    Ambrose said in a statement Wednesday the new guidelines are intended to eliminate any confusion and reiterated the government’s stance that marijuana is not an “approved drug or medicine.”

    Click here to read the full Global News report.

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