The story of hemp and its prohibition is one of guilt by association… with marijuana. Though they are two distinct plants, they are the both part of the cannabis sativa species and as a result, hemp, despite its countless uses and applications, was prohibited, which stunted the economic potential and value of the plant.
On April 13, 2017, the Cannabis Act, Bill C-45, was introduced in Canada. Ontario took the lead on province-wide consultations and six months later on October 17, 2018, the act came into effect, legalizing and regulating cannabis use for adults in Canada for recreational purposes and opening up a new and exciting market to watch.
As the cannabis business soars, one builder is ready to tackle the challenges of constructing cannabis grow facilities in a vastly regulated market.
According to a report by Arcview Market Research, in partnership with BDS Analytics, legal cannabis sales totaled $9.2 billion in North America in 2017, a market that is anticipated to reach $24.5 billion in sales by 2021, as perceptions shift and policies are reformed.
In 2017, a new record was set in Canada, but not one to be proud of. According to government data, nearly 4,000 Canadians died of opioid overdoses, an increase of thirty-four percent over 2016. And 2018 was on pace to exceed those figures with more than 1,000 people dying in the first quarter of the year, up sixteen percent from the same period the previous year.
Evergreen Organix is the largest edible producer in the State of Nevada. Enlisting the expertise and savvy of top bakers, chefs, chocolatiers, scientists and cannabis experts, its products and its users end up baked with goodness.
Canadian engineering company Advanced Extraction Systems Inc. (AESI) designs and engineers modular industrial extraction systems for the cannabis and hemp industries. This Prince Edward Island-based firm was founded in 2015 and ships its automated cGMP certified supercritical extraction systems throughout Canada and expanding markets around the world.