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B.C. cannabis industry 'cautiously optimistic' about ministry change

B.C.'s cannabis sales reached $791 million for 2023-2024, showing a nearly $100 million increase from the previous year, according to the B.C. Liquor Distribution Branch.
The Ministry of Agriculture and Food now oversees cannabis regulations, with Agriculture Minister Lana Popham expressing eagerness to support the industry for economic growth.
Patton, the chief commercial officer at Woody Nelson, stated they are 'cautiously optimistic' about the ministry change, hoping for improved support against the illicit market.
Concerns over excessive taxation and illegal market competition persist, with a report noting the illicit market offers more products at lower prices than legal stores, according to Deloitte.

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