Canadian Chamber of Commerce launches National Cannabis Business Coalition to support Canada’s legal cannabis industry

(OTTAWA) – October 12, 2022 – Building on the success of its National Cannabis Working Group, the Canadian Chamber of Commerce has re-launched the NCWG as the National Cannabis Business Coalition (NCBC) to advocate for the Canadian legal cannabis sector at home and abroad.

As the first G7 economy to legalize recreational cannabis, Canada has a narrow first-mover advantage in a rapidly growing global industry. Therefore, it will take significant collaboration between business and government to ensure a balanced, equitable and reasonable regulatory regime for the legal sector.

“Our goal as a coalition is to bring meaningful, data-driven and impactful industry insights to the federal government,” says Rachel Colic, Chief Strategist at YCREATIVE and member of the National Cannabis Business Coalition. “There is so much potential for the legal cannabis industry to help drive Canada’s economic growth and displace the illicit market, but it needs the right support and regulatory environment.”

The NCBC comprises businesses and associations from across the sector, including licenced producers, retailers, and ancillary businesses. Its work will cut across three main pillars:

• Health Canada’s review of the Cannabis Act

• The Economic Strategy Table under ISED

• International opportunities for the sector

By leveraging the Canadian Chamber’s reputation as the most influential business association in Canada, the group will work together with government and other stakeholders to create an environment that facilitates the long-term sustainability of the sector and displaces the illicit market.

About the Canadian Chamber of Commerce — The Future of Business Success
The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing 450 chambers of commerce and boards of trade and more than 200,000 businesses of all sizes, from all sectors of the economy and from every part of the country — to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success and impact on business and economic performance.

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Contact
Emily Walsh
ewalsh@chamber.ca