Canadian producers no longer must store cannabis in bank-like vaults

According to Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts.

Effective immediately, marijuana producers will no longer be required to store their inventory in bank-like vaults, which can cost up to 500,000 Canadian dollars ($405,000).

Instead, they will be required to store their cannabis in a “secure” area.

LPs also will no longer be required to maintain 24/7 video surveillance inside rooms where cannabis is being cultivated.

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