Provincial Craft Cannabis Co-Op Sector Can Create 1000's of Jobs to Support Economic Recovery
Coast Salish Territory/Vancouver, BC (April 20, 2020) – Today, the BC Craft Farmer Co-Op (BCCFC) announced the Province of British Columbia has approved their incorporation application. The Co-Op will begin operations in May and will submit an economic development proposal to federal and provincial governments this month. The proposal will outline how the Co-Op can support BC’s economic recovery post-COVID 19 by creating thousands of jobs and diverting profits from the illicit market.
Governed by the BC Cooperatives Act and comprised of micro-cannabis cultivators, processors and independent retailers from across the province, the BCCFC has been established to:
provide BC micro-cultivators and processors with a safe, accessible and sustainable alternative to the illicit market;
help maintain BC’s top position as an international cannabis leader and innovator; and,
provide medical and recreational cannabis consumers across BC, Canada and around the world with the highest quality cannabis.
BCCFC’s economic development proposal will reflect priorities identified during last year’s provincial consultation process, and the results of a June 2019 Economic Impact Assessment which confirmed a properly legalized BC craft cannabis sector can create more than 10,000 direct and indirect jobs across the province over the next 12-18 months.
Thousands of small BC cannabis farmers and processors have been excluded from the new legal marketplace due to a poorly designed regulatory framework. With a globally recognized brand and the most craft cannabis farmers in the country, BC’s economy has the most to lose if these innovators are not provided with a chance to fully apply their skills, network and experience in the new marketplace.
Recognizing the minimal number of small producers and processors applying for licenses, Canada invited the sector to provide constructive solutions that will increase the up-take of micro-class licences, address regulatory barriers and sustain the transition for thousands of BC craft cannabis cultivators and processors over the coming years. BCCFC is responding to this request and recently announced government programs related to small business and regional economic development.
BCCFC governance and investment rules approved by the provincial government are available at www.bccraftfarmerscoop.com. BCCFC has also created a Code of Conduct to establish a reliable standard of ethics community partners can rely on in their interactions with the Co-Op.
Contact: Natasha Kumari – 604.916.8593