(This is the first installment in a series about government funding available for Canadian cannabis businesses.)
More Canadian cannabis companies are tapping government funding sources to finance research and other projects as private-sector capital has become harder to come by.
MJBizDaily found that more than 3 million Canadian dollars ($2.2 million) worth of federal funding was provided to almost two dozen companies over the past year, according to the government’s Grants and Contributions portal.
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Since 2018, the year Canada legalized recreational marijuana, roughly CA$32.8 million worth of funding has been provided to dozens of cannabis businesses by federal government organizations through business-support programs.
For this analysis, MJBizDaily included only funding sent to for-profit corporations.
The funding does not include government money earmarked for pandemic-related programs.
Over the past five years, the federal contributions have ranged from CA$7,380 to Ricci Cannabis to commercialize a “wine style” nonalcoholic
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