De Minimis Rule Ending: What Businesses Must Know
The de minimis rule is ending in the U.S. Learn what this means for compliance, shipping costs, and your regulatory strategy.
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According to the Government of Canada, the Canadian canna market witnessed a total sale of 9,932,994 packaged units of canna across Canada for medical and non-medical purposes till the end of June 2020. Dried canna 71%, canna extracts 14% and edible canna represents 14% of total sales. Also, at the end of June 2020, more than 33 thousand individuals were successfully registered with Health Canada for personal and designated cultivation.
The canna industry in Canada offers aspirants wonderful opportunities for a profitable business but with certain challenges. Constantly changing regulations, seeking government approvals, and getting a license to name a few are key challenges. But you don’t need to worry as Quality Smart Solutions’ canna consultants along with a team of former Health Canada officials and project managers will let your businesses take off the ground and let you meet canna regulations in Canada.
A set of Canna Regulations in Canada under the Canna Act has been framed and it applies to the production, sale, distribution, importation, and exportation of canna by federal license holders. According to regulations, any company intending to cultivate, grow, process, research, or sell canna in the Canadian market must acquire a license from the concerned authority. Moreover, permission is required to import or export industrial hemp and canna for scientific or medical purposes.
To sell your products, you must ensure products are labeled with mandatory health warnings, standardized canna symbol, and specific information about the product.
To produce and sell prescription drugs containing canna, holding DEL under Section C.01A.008 of the Food and Drug Regulations is necessary.
Any individual or company engaged in researching and developing canna-based pharmaceuticals must have Canna Drug License.
To be a legal retailer of Canna products in Canada, you need to require a canna retail license and sell licensed canna products online.
The de minimis rule is ending in the U.S. Learn what this means for compliance, shipping costs, and your regulatory strategy.
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