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PARKING: LEGALIZING CANNABIS BUSINESSES AFFECTS ALL OF US EVENT LISTING AUGUST 2018 Commercial Sales & Leasing Property & Asset Management Strata Management


• Thursday, August 9 Prodigy Group Mingle 5 to 7 pm @ Canoe Brew Pub (450 Swift St.)


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anada will legalize recreational cannabis on Oct. 17 and the business community needs to prepare for the opportunities and challenges to come. Legalization is causing waves across all three levels of governments, from big picture concerns about crossi ng i nter n at ion a l borders to everyday issues such as whether cannabis retailers can operate in your neighbourhood. Breaking it down, Ottawa will continue to be responsible for criminal activities and rules regarding cultivation and processing. Provinces will regulate workplace safety, wholesaling and the retail model. In BC, the provincial government has identified 31 smaller suppliers who will provide product to the BC Liquor Distribution Branch. The LDB plans to offer a range of cannabis varieties to licensed private retailers through an online sales portal. The L DB w i l l a lso open BC Cannabis Stores, similar to public liquor stores, at various locations across the province. Local governments will play a vital role in how the public can access cannabis by deciding where retailers

• Thursday, August 16 Summer Social Series: Brewmaster’s Dinner M a rk e t S q u a re ( 5 6 0 Johnson St.)

• Thursday, August 23 Business Mixer 5 to 7 pm @ University Club of Victoria (3800 Finnerty Rd.)

can locate, how they can operate within their communities and which ones to license. Education is one of the areas of responsibility that crosses all three levels of government and is being addressed federally, provincially and municipally. A s Greater Victor i a’s Chamber of Commerce, we work on behalf of business and advocate for regulations and policies that build good business and improve the economic vitality of our region’s entrepreneurs, employers and citizens. We want to play an active and forward-focused role in helping businesses in this emerging industry establish themselves as good members of the business community. So, with the October legalization date imminent, we have begun to work with companies that are abiding by the rules as they exist today, which means they have a business license in Victoria. Fortunately, the City of Victoria has been proactive and has developed a rigorous process for licensing cannabis retailers that is serving as an example for cities and towns across Canada. Governments are acting because public perception about cannabis has shifted.

A 2016 study by Deloitte Touche shows more people support legalization than oppose it, and youth in pa rticu la r bel ieve that cannabis is less harmful than alcohol. The research also shows young people want accurate information about the effects of cannabis rather than relying on anecdotal evidence offered by their peers. Canada is now the world leader in this industry and there will be lots of ground-breaking research and development. If you’re interested in learning more, I encourage you to attend our “The Busi ness of Ca n nabis” luncheon on Oct. 10, from 11:30 to 1 p.m. at the Hotel Grand Pacific. Ou r ex pert pa nel w i l l i n c l u d e M i c h a e l Ta n , E x e c u t i v e D i re c to r o f the Cannabis Division at BC Liquor Distribution Branch, Jocelyn Jenkins, Chief Administrative Officer with the City of Victoria, and Peter Guo, BC Enterprise Risk Services L eader a nd BC Ca n nabis Industry Leader with MNP.

featured on StartupNews. ca, receive a guest-spot on THRIVE Podcast for Women Entrepreneurs, and get a VIP Pass to Startup Canada Day on the Hill taking place in Ottawa on October 18. To be el ig ible for t he gra nt, appl ica nts must be women-led businesses or women entrepreneurs. They must also be a Canada-based business that works in the STEM field. Startup Canada will be judging based on several criteria, including the applicant’s business model,

plan for using the funds a nd con f i r m at ion t h at the opportunity would be missed without the investment. The applicants must also agree to promote the hashtag #StartupWomen and recognize sponsors t h roug hout m a rket i ng efforts. Past recipients of the fund include Eve Medical, which received fundi n g  t h rou g h O nt a r io’s Health Technologies Fund in January 2018; and Awake Labs, which is using AI to care for brain and mental health disorders.

Catherine Holt is the CEO of the Greater Victoria Chamber of Commerce. She can be reached at CEO@ victoriachamber.ca, www. victoriachamber.ca

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Profile for Business Examiner Media Group

Business Examiner Victoria - August 2018  

Featuring the latest business news and information for Greater Victoria, including Sidney, the Saanich Peninsula, Langford, Colwood, Sooke,...

Business Examiner Victoria - August 2018  

Featuring the latest business news and information for Greater Victoria, including Sidney, the Saanich Peninsula, Langford, Colwood, Sooke,...