Could The Federal Government’s Red Tape Reduction Efforts Help Streamline The Cannabis Industry?

The federal government has recently launched a Red Tape Review across the regulatory system, which could present opportunities for the cannabis industry’s lobbying efforts.

On July 9, the Treasury Board of Canada announced that, over the next two months, ministers across various federal agencies will review regulations within their portfolios and take steps to remove outdated or duplicated requirements. The 60-day deadline for feedback will end a few weeks before Parliament returns following the summer recess.

While the agency notes that regulations are vital for safeguarding the health, safety, and security of Canadians and the environment, it also emphasizes that they must support a competitive and productive economy. By cutting this red tape, the Treasury Board argues, Canadians and businesses can save time and money while still maintaining public safety.

“Regulations play a key role in protecting the health and safety of Canadians — but to stay effective, they must be regularly reviewed,” said Shafqat Ali, president of the Treasury Board, in a press release on July 9. “Cutting unnecessary red tape is essential to unlocking Canada’s full economic potential.”

Read the full article at StratCann