Online retail overview: the Canadian CBD market, Q4 2021

Although CBD is legal in Canada, it is under a highly restrictive regulatory framework. The sale of CBD is currently regulated in the same way as cannabis, regardless of whether or not it was derived from hemp. The CBD market in Canada is considered to be developing as products do not have significant visibility in mainstream channels due to the complex sales process derived from the regulatory landscape. We think that there will be further growth once the regulatory regime that limits the market is relaxed.