Cannabis Business Planning
A good business plan is the foundation of any company, but in a cannabis business, particular areas
require detailed regulatory compliance, due diligence, and planning. Countries take different approaches because of jurisdictional laws and regulations. Countries take different approaches because of their various jurisdictional laws and regulations.
CJC Advisory members have extensive knowledge and work experience in the Canadian cannabis
industry. We also operate legal cannabinoid businesses in Japan.
CJC can be your bridge from North
America to Asia.
Japan
In Japan, cannabis is strictly regulated by the Cannabis Control Law. However, not everything related to cannabis is regulated.
There are many cannabinoids such as CBD, CBN, and CBG that can be legally consumed under current Japanese law, and cannabinoid health and wellness products are becoming increasingly popular in Japan just as they are in North America and Europe.
In September 2022, Japan’s Ministry of Health, Labor and Welfare (MHLW) has indicated that Japan’s
Cannabis Control Law may change significantly in 2023. Revision of the law would be necessary for the
use of the cannabis-derived medicines such as the epilepsy drug Epidiolex, which is currently undergoing
clinical trials there. Cannabis companies around the world are closely watching these developments.
Japanese CBD Market（Cannabinoids Market）
As THC is still illegal, the Japanese cannabis market is dominated by CBD and other rare cannabinoid products. products. This market is yet in its early days and is still niche, but is expected to grow quickly over the next few years and become mainstream.
Japan has an aging population where many elderly people look to alternative therapies to manage their health and age-related issues. This demographic is expected to drive global demand for CBD in the forthcoming years. This aging population is expected to drive demand for CBD in the forthcoming years.. Japanese seniors over the age of 65 approximated 33.95 million, or 26.8% of the total population, in 2019. It is estimated that by 2055, the elderly over the age of 65 will be close to 39.4%, or 36.26 million of the country’s total population. Natural health and wellness products are also very popular in Japan. Many people consume these products daily as they turn to less processed and more natural alternatives than conventional medications. As with demand for medical cannabis products, natural health and wellness products are expected to increase dramatically in the next few decades.
Canada
Canada’s cannabis market continues to grow since its legalization in 2018. This trend is expected to continue for some time as more and more countries around the world continue to legalize cannabis for medical and recreational purposes.
Canada is the second country in the world after Uruguay to legalize cannabis on a nation-wide basis, thus creating a conducive environment for cannabis business operations in Canada.
As cannabis legalization is expected to spread around the world, establishing a cannabis business in Canada now would be very advantageous to expand into international trade.
We closely work with accounting, tax, legal, licensing and other professionals to provide a variety of solutions to the challenges of a dynamic cannabis industry. Our team includes Quality Assurance Persons (QAP) trained both in Canadian cannabis regulatory pharmaceutical manufacturing standards as well as European Good Manufacturing Practices (EU-GMPs) that are recognized and certified globally. We collectively have the knowledge and expertise of cannabis-related business in Japan and Canada.
