'Epic moment for cannabis': Industry celebrates third anniversary of legalization in Canada
CTV
Cannabis grower and retailer Tony Giorgi says the past three years have been 'a wild ride.'
Cannabis grower and retailer Tony Giorgi says the past three years have been "a wild ride."
On Oct. 17, 2018, The Cannabis Act came into effect. The Act regulates retail cannabis for adult use, medical cannabis and industrial hemp in Canada
The CEO of Sensi Brands sees similarities between the cannabis industry and the dot-com boom in the mid-1990s.
"We now have almost 700 to 800 licensed producers in the country," says Giorgi, who has done six startups in the past 30 years.
"With the retail rollout, the federal government had bestowed responsibility at the provincial level on the retail framework here in Ontario. We've made a lot of great progress and now rolling out over 1,000 retail stores in Ontario."
He feels the industry has come to a fork in the road, on how to deliver both recreational and medical products.
"We're starting to see more tinctures, gel caps and cannabis in the form of pills and powders...more medical delivery forms versus recreational," says Giorgi.
