Canadian federal agencies have made available millions of dollars for cannabis business expansion and research, reported MJBizDaily. The funds were allocated to businesses that contribute to transforming regional economies.
PrairiesCan: Diversifying The Economy Across The Canadian Prairies
PrairiesCan is the department that diversifies the economy across the Canadian Prairies. The department seeks to build a strong, competitive Canadian economy by supporting business, innovation, and community economic development.
PrairiesCan is part of Canada’s federal Innovation, Science and Economic Development ministry.
The deparment awarded the biggest Canadian government contribution to the cannabis industry, approximately CA$5.4 million to Alberta-based PBG BioPharma to increase manufacturing capacity.
In June 2022, the department announced that it was funding several sector-specific businesses in the province of Saskatchewan. "To succeed in the new global economy businesses need to commercialize their cutting-edge products and services to accelerate growth and create new markets,” said Daniel Vandal, Minister for PrairiesCan, at the …