GATINEAU, QC, May 26, 2023 /CNW/ - The Competition Bureau presents its submission to Health Canada and the Expert Panel in response to their legislative review of the Cannabis Act.
The Bureau believes that stronger competition in the cannabis industry would help foster innovation and benefit consumers by providing them with increased choice and quality. Importantly, these benefits would serve to further displace illicit market activity and bolster the legal cannabis industry.
After a review of competition in the Canadian cannabis industry, the Bureau makes the following three evidence-based recommendations to promote a more competitive legal industry:
The Bureau recognizes that these recommendations must be carefully balanced with other important public policy goals, including public health and safety. The Bureau relies on Health Canada and other subject-matter experts to determine how best to implement these competition policy considerations while protecting the health and safety of Canadians.
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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.
SOURCE Competition Bureau