Business and commercial: Edible cannabis becomes legal this fall

By this fall edible cannabis products will become legal. Business and commercial transactions will heat up in Canada as business owners and producers vie for their places in what is expected to be a very lucrative second part to the legalization of cannabis in the country come October. Some people who have shied away from smoking cannabis may not be so hesitant to try edible cannabis products which include things like cookies and candies.

Entrepreneurs are looking to what has been pegged cannabis 2.0, as being the chance to make some serious financial dividends from those consumers who aren't likely to smoke joints, but who may consider trying a hash brownie. Business people are hoping edibles will introduce cannabis to those consumers who wouldn't normally consider smoking pot. Many are hoping edibles will open new commercial possibilities.

But smaller businesses know they will be competing with larger corporations that also see the value in the edibles market. Some of these companies have hundreds of millions of dollars invested in the cannabis industry. They are also up against some technological challenges in the manufacturing of products such as making drinks laced with cannabis water soluble and palatable.

In the wake of new legislation concerning business and commercial transactions in Canada, having a lawyer's advice may make adhering to new laws much more seamless. A lawyer's experience in this often complex area of the law can help an entrepreneurial client to expand his or her business portfolio while keeping in line with new and often involved rules. When treading on new ground, getting a lawyer's advice may be the first stepping stone for a new or expanding business.

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