British Columbia’s Cannabis Industry Will Remain a Key Part of the Cannabis World


2019-07-12 10:20:09 Investing News Network


Cannabis has deep roots in Canada, and nowhere are they deeper than in the British Columbia cannabis industry. The legal market might just be getting started, but the province’s love of marijuana goes back decades. ‘BC Bud’ developed a reputation as some of the best quality cannabis on the planet long before Justin Trudeau’s federal government finally opened the door for legal cannabis sales across Canada. That background and history is part of what makes BC uniquely positioned to become a hub for the emerging global cannabis industry. It doesn’t hurt that much of the province is fortunate enough to have the ideal climate for outdoor and greenhouse cultivation, a political landscape largely supportive of the industry and a workforce with the experience and passion necessary to spur innovation and maintain quality worthy of the name BC Bud. BC produces more cannabis than anywhere else in the country, and as legalization continues to roll out, BC’s favorite plant is poised to create more opportunity for jobs and economic growth for the province than ever before. British Columbia cannabis Due to a combination of misunderstanding and racial bias, cannabis has been illegal in one form or another in BC and the rest of Canada since 1923. Interestingly enough, cannabis usage and awareness in Canada was minimal in the early twentieth century, and the rate of usage remained steadily low in the decades following. It wasn’t until the early 1960s when the love story between BC and cannabis truly began. As the Vietnam War escalated, an estimated 30,000 conscientious objectors from the United States flooded into BC to escape being drafted, and with them came cannabis seeds. Many of these draft dodgers settled in regions like the Okanagan, Fraser Valley, Sunshine Coast and Vancouver Island, are that feature microclimates with the ideal conditions for cannabis cultivation. BC Bud was born, and it didn’t take long for this high-quality cannabis to make its way back south of the border. As the 60s gave way to the 70s and 80s, cannabis use became more and more widespread and BC Bud’s reputation for quality spread across the world. As time went on, cannabis lost part of its stigma as people better understood its medical benefits and questioned the supposed harm the plant was claimed to cause. Reports commissioned by the federal government in 1969 and 1972 recommended decriminalization but largely went ignored by lawmakers. By the time the year 2000 rolled around, medicinal use became common for pain management and more, but there were still no legal means to acquire the medicine. A landmark case by the Ontario Court of Appeal in 2000 forced the government to establish rules for medical use. For most of the 2000s, however, a notoriously anti-cannabis Conservative federal government ensured that access to legal medical cannabis remained as tight as the courts would allow. In Vancouver, the epicenter of BC’s cannabis culture, cannabis users and the local government lost patience with the federal rules. In 2005, leading the way in progressive cannabis regulations, Vancouver’s municipal government drafted its own rules under which medical cannabis dispensaries could operate. The Vancouver Police Department allowed the stores to exist so long as they followed the city’s rules. The election of Justin Trudeau’s Liberals in 2015 was in some ways a referendum on cannabis legalization. Since then, the government has moved relatively quickly to set up the country’s legal cannabis framework. The province of BC is now set to continue its legacy as a cannabis hub into the legal era. According to Stats Canada, BC accounted for 36.6 percent of Canada’s cannabis production in 2017. To date, 25 cannabis companies have been awarded a license to operate out of the province with plenty more currently in the application process. Among the companies looking to grow their operations in BC is Kelowna-based Valens Groworks (CSE:VGW) which currently holds multiple Health Canada dealer’s licenses for import, export, cultivation, processing and research. The company is also in the process of acquiring its LP license. “BC’s roots in the cannabis space grow deep from cultivation all the way to innovative research. This type of familiarity with the plant is what makes operating out of this province so advantageous not only for Canada, but on a global scale. The network in Western Canada is unparalleled,” Tyler Robson, CEO at Valens Groworks told INN. The British Columbia cannabis landscape Throughout the past several decades, BC has been one of the most pro-cannabis places in the world, and that translates to a significant market in the post-prohibition era. While it’s impossible to get an exact figure on the market size for pre-legalization recreational cannabis, Canadians are believed to have spent $5.7 billion on cannabis in 2017. According to Stats Canada, BC residents make up the second-most smoke friendly province in Canada, consuming an estimated 24.6 grams consumed per capita per year. BC expects to make as much as $75 million in taxes on cannabis in the first year of legalization alone. As with licensed producers in the rest of the country, cannabis producers in BC will be regulated under the federal government’s rules. The province will be overseeing distribution and retail and the provincial government has decided that the Liquor Distribution Branch will be the sole cannabis wholesaler for the province. So far there are over 35 licensed producers located across British Columbia. The list of companies with operations in BC includes some of the biggest players in the cannabis world today. Canopy Growth’s (TSE:WEED) headquarters are based in Ontario, but they also operate the largest cannabis greenhouse in the world out of Langley, BC. Aurora Cannabis (TSE:ACB) has several BC-based subsidiaries including BC Northern Lights Enterprises. The province is home to dozens of smaller companies as well that are looking to carve out their niche in the craft cannabis space. As a vertically integrated company, Valens is establishing a range of operations in BC including a 400,000-square-foot commercial cannabis production facility in Armstrong and an extraction manufacturing and research and development facility in Kelowna. Takeaway Cannabis has been part of the fabric of British Columbia for decades and now that the plant is being legalized and a legitimate industry is growing around the plant, the province’s economy can finally benefit from its world-class reputation as a hub for quality cannabis. For licensed producers in the province, BC’s prime growing conditions offer a unique opportunity to cultivate some of the world’s finest cannabis for a national marketplace. This article was originally published on the Investing News Network in September, 2018.  This INNSpired article is sponsored by Valens GroWorks (CSE:VGW). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Valens GroWorks in order to help investors learn more about the company. Valens GroWorks is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article. This INNSpired article was written according to INN editorial standards to educate investors. INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled. The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Valens GroWorks and seek advice from a qualified investment advisor.  
大麻根植于加拿大,没有什么比不列颠哥伦比亚大麻产业更深的了。合法市场也许刚刚起步,但该省对大麻的热爱却可以追溯到几十年前。 “ BC Bud ”在贾斯汀•特鲁多( Justin Trudeau )的联邦政府最终为合法大麻在加拿大的销售打开大门之前很长一段时间,就已成为全球最优质大麻之一。 这一背景和历史是 BC 独特定位成为新兴全球大麻产业中心的一部分。这并不会伤害到该省的大多数人,幸运的是拥有理想的户外和温室种植气候,政治景观在很大程度上支持该行业,并拥有必要的经验和热情的劳动力,以刺激创新和保持质量值得名为 BC Bud 。 BC 生产的大麻比全国其他任何地方都多,随着合法化进程的不断推进, BC 最喜爱的大麻工厂将为该省创造比以往任何时候都更多的就业和经济增长机会。 不列颠哥伦比亚大麻 由于误解和种族偏见的综合作用,自1923年以来,大麻在不列颠哥伦比亚省和加拿大其他地区一直是非法的。有趣的是,在20世纪初,加拿大大麻的使用和认识极少,此后几十年的使用率一直保持在较低水平。直到20世纪60年代初, BC 和大麻之间的爱情故事才真正开始。 随着越南战争的升级,大约3万名来自美国的出于良心拒服兵役者涌入公元前逃亡,随之而来的是大麻种子。在冈纳根、弗雷泽河谷、阳光海岸和温哥华岛等地区定居的许多偷猎者,都具有种植大麻的理想条件。BC Bud 诞生了,这个高质量的大麻不需要很长时间才能回到边境南部。随着60年代让位于70年代和80年代,大麻的使用越来越广泛, BC Bud 的质量声誉在世界各地传播。 随着时间的推移,大麻失去了部分污名,因为人们更好地了解大麻的医疗益处,并质疑这种植物声称造成的所谓伤害。联邦政府在1969年和1972年委托编写的报告建议将其合法化,但基本上被立法者忽略。到2000年左右的时候,药物的使用已成为疼痛管理的普遍现象,但仍然没有法律手段获得药物。 2000年安大略省上诉法院的一个具有里程碑意义的案件迫使政府制定医疗使用规则。然而,在本世纪头十年的大部分时间里,一个臭名昭著的反大麻保守党联邦政府确保了合法大麻的使用与法院允许的一样严格。在温哥华,不列颠哥伦比亚省大麻文化的中心地带,大麻使用者和当地政府对联邦法规失去了耐心。2005年,温哥华市政府主导了大麻法规的进步,起草了自己的规则,根据这些规则,医用大麻药房可以运营。温哥华警察局允许商店存在,只要他们遵守城市的规定。 2015年贾斯汀•杜鲁多( Justin Trudeau )自由党( Liberals )的选举在某种程度上是一场大麻合法化公投。自那以来,中国政府相对迅速地采取行动,建立了该国的大麻法律框架。不列颠哥伦比亚省现在将继续其作为大麻中心的遗产进入法律时代。根据加拿大国家统计局的数据,2017年加拿大大麻产量中, BC 占36.6%。迄今为止,已有25家大麻公司获得了在该省以外开展业务的许可证,目前还有大量大麻公司在申请过程中。希望在 BC 发展业务的公司包括总部位于 Kelowna 的 Valens Growtorks ( CSE : VGW ),该公司目前持有加拿大卫生部多家经销商的进口、出口、种植、加工和研究许可证。该公司也正在获得 LP 许可。 “从种植到创新研究, BC 在大麻领域的根都深深地生长着。这种对工厂的熟悉使得这个省的运作不仅对加拿大有利,而且在全球范围内有利。Valens Growtorks 首席执行官泰勒•罗布森( Tyler Robson )对 INN 表示:“加拿大西部的网络是无与伦比的。” 不列颠哥伦比亚大麻景观 在过去的几十年中, BC 一直是世界上最有利于大麻的地方之一,这意味着在禁止后时代的一个重要市场。虽然无法确切了解合法化前休闲大麻的市场规模,但据信加拿大人在2017年花了57亿美元购买大麻。根据加拿大统计局的数据,不列颠哥伦比亚省的居民是加拿大烟民最多的省份,估计每年人均消费24.6克。BC 预计仅在合法化的第一年就会对大麻征税多达7500万美元。 与全国其他地区的特许生产商一样, BC 地区的大麻生产商将受到联邦政府规定的监管。该省将监督分销和零售,省政府已决定,白酒分销处将是该省唯一的大麻批发商。到目前为止,在不列颠哥伦比亚有超过35家特许生产商。 在 BC 有业务的公司名单包括当今大麻世界最大的一些公司。Canopy Growth ( TSE : WEED )总部位于安大略省,但他们也经营着世界上最大的大麻温室,位于不列颠哥伦比亚省兰利。奥罗拉(Aurora) Cannabis ( TSE : ACB )拥有多家 BC 子公司,包括 BC Northern Lights Enterprises 。该省有数十家小型公司,它们正寻求在手工艺大麻领域开拓自己的市场。作为一家纵向一体化的公司, Valens 在 BC 建立了一系列业务,包括阿姆斯特朗的40万平方英尺的商用大麻生产设施和 Kelowna 的提取生产和研发设施。 被带走 大麻是不列颠哥伦比亚省几十年来的一部分,现在大麻合法化,合法工业在该地区不断发展,该省的经济终于可以从其作为优质大麻中心的世界级声誉中受益。对于该省的特许生产商来说, BC 的主要生长条件提供了一个独特的机会,为全国市场培育一些世界上最好的大麻。 本文原刊登于2018年9月《投资新闻网络》。 这篇 INNSpired 文章由 Valens GroWorks ( CSE : VGW )赞助。这篇 INNSpired 文章提供了投资新闻网络( INN )提供的信息,并由 Valens GroWorks 批准,以帮助投资者更多地了解该公司。Valens GroWorks 是 INN 的客户。该公司的活动费用为 INN 创建和更新这篇 INNSpired 文章支付。 这篇 INNSpired 文章是根据 INN 的编辑标准编写的,旨在教育投资者。 INN 不提供投资建议,有关此配置文件的信息不应被视为购买或出售任何证券的建议。INN 不认可或推荐任何公司的业务、产品、服务或证券。 此处所包含的信息仅供参考,不得解释为证券买卖的要约或邀请。读者应自行研究有关公司的所有公开信息。在做出任何投资决策之前,建议读者直接咨询 Valens GroWorks ,并咨询合格的投资顾问。