Coming soon to a pharmacy near you: CanniMed signs deal with PharmaChoice to distribute medical marijuana

April 7, 2017 Facebook Twitter LinkedIn Google+ News

Medical marijuana producer CanniMed Therapeutics Inc. is getting a head start on distributing cannabis through pharmacies, becoming the first licensed producer to sign an agreement with a national pharmacy chain, even though the model is still illegal.

CanniMed announced Thursday it has signed a letter of intent with PharmaChoice, a member-owned cooperative, that gives CanniMed exclusive distribution privileges at PharmaChoice stores in exchange for CanniMed’s provision of training. Educational training will start soon, but the distribution agreement is on hold indefinitely. It will be completed within 60 days of the first legislation change that allows for pharmacy distribution of marijuana. 

Currently, mail order is the only legal distribution method for medical marijuana but a federal task force report on the legalization of marijuana recommended the government also consider allowing sales at storefront locations. Legislation on marijuana reform, including a legal recreational market, is expected this year. Provincial laws would also need to be changed to allow for pharmacy distribution.

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