The growing cannabis market
As the cannabis industry continues to advance, more and more companies are moving to get their stocks listed on Canada Securities Exchange. Cannabis is no longer just a plant. The debate on its legality, decriminalization, health benefits, among others, are now the main focus of attention. Cannabis has emerged as a viable commodity for international trade, and raw material for consumption, with several companies listed on the stock market and shareholders who speculate on its rise or fall according to news of its legalization in more corners.
A great example of this InnoCan Pharma (CSE: INNO, FSE: IP4), a specialty pharmaceutical company, developing products that harness the unique properties of Cannabinoids combined with smart delivery formulations. InnoCan just recently announced a worldwide exclusive license agreement with the Hebrew University of Jerusalem to develop a first-of-its-kind CBD drug delivery platform based on liposomes. This Patent-Pending platform is based on a unique-controlled liposome-release method to be administrated, for the first time, by injection, turning Pharma Cannabinoids-based Medicines to an ever-accessible injectable drug.
Although the debate will always be present, more and more countries have chosen to decriminalize and even promote the use of cannabis, especially for medicinal purposes. The likes of Germany, Argentina, Italy, Canada, etc already allow the use of CBD derivatives to treat health problems, always under medical prescription, but often even facilitating their access to patients.
Cannabis for recreational activities is now an emerging discourse, and borders that seemed immovable a while ago have been crossed. Canada passed a regulation in 2018 that made it one of the few countries that fully allowed recreational consumption and the first of the G-8.
It thus joined Uruguay, a country that has always had a fairly permissive position. And the Netherlands, which despite the fame of its cannabis sale in coffee shops, has not changed its regulation in recent years (The Netherlands does not allow cultivation for self-consumption). As well as Mexico, who in a wide debate in recent years, have legalized marijuana for medical use. In the United States, almost 30 of its states have opened the door to medicinal consumption, and about 10 of them, including California, to recreational use.
The growth of the marijuana-related market has exploded in recent years and according to GlobeNewswire, “The global legal marijuana market size is expected to reach USD 73.6 billion by 2027.” This includes medicinal, recreational, and derivatives.
Furthermore, “It is anticipated to expand at a CAGR of 18.1% during the forecast period. The increasing legalization of cannabis for medical as well as adult-use is expected to promote growth. Based on type, the medical segment held the leading revenue share of 71% in 2019, owing to the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, arthritis, and Parkinson’s disease, and Alzheimer’s disease among other neurological conditions. Moreover, an increasing need for pain management therapies along with the growing disease burden of chronic pain among elders is expected to boost the product demand.”
In this context, in recent years numerous companies, especially in the pharmaceutical industry, have begun to fully immerse themselves in this buoyant market with the expectation that over time it will become increasingly legal in more countries. Most of these companies are Canadian, and they have emerged in the glow of the country’s decriminalization momentum.
Some are dedicated to distribution for recreational consumption, those that lean more to the medical side, and those that are specializing in derivatives. Several things unite them: they are all Canadian for their reference in legalization, they are all growing, and a lot of them have successfully been listed on the stock market.
Canadian Securities Exchange (CSE)
Without a doubt, the Canadian Securities Exchange (CSE) has played a vital role in strengthening the marijuana-related market in Canada. Led by a visionary CEO, Richard Carleton, it has emerged as one of the pillars of cannabis investment in the country. Exchange operators have critically guided affairs, bringing about the availability of a variety of investment options for cannabis investors.
The CSE is Canada’s fastest-growing stock exchange. With more than 600 listings and a cumulative market capitalization of approximately C$23 billion, the Exchange continues to attract entrepreneurial companies that are looking for the most efficient path to the North American capital markets. With the help of the Canada Securities Exchange, Canadian companies can choose to test the waters outside Canada, particularly in the United States, as long as they can allay the fears of shareholders. Presently, cannabis is illegal on a federal level in the USA, however, it is legal for medical and recreational purposes in a good number of states.
The Canadian Securities Exchange (CSE) is the go-to platform for cannabis companies who are still developing. It offers much-needed exposure for the growth of these emerging companies, while also giving established organizations, such as multi-state operators in the US, a chance to gain a competitive advantage in the global market.
According to Richard Carleton, “It is always gratifying to see companies capitalizing on opportunities in the public market to pursue their vision for growth. The CSE has a mandate to facilitate entrepreneurial activity such as this.”
Looking at the medical aspect, he further believes that large and small companies have complementary roles in the pharmaceutical industry. Start-up companies play an important role in conducting early research and development in identifying new drug therapies. History shows that a lot of value creation happens in this space before the drugs are taken through clinical trials and ultimately brought to the market by the pharma giants and are prescribed to patients worldwide. In addition, regardless of their size, pharma companies need to have exceptional technical and logistical talent to develop a drug and move it through regulated trials.
Presently, there is a tremendous amount of effort in the pursuit of therapies and vaccines for COVID-19. This recent activity is a good reminder of how powerful the public markets are at organizing capital to solve real-world issues. You can be sure that whatever health challenge society is presented with next, the market will be here to find solutions.
Reasons to Work with an Employee Benefits Consulting Firm
A competitive employee benefits package is critical to acquiring and retaining quality talent in your company. But, there may come a time when creating one becomes a tedious and complex task, especially for owners who are not as knowledgeable about dealing with its many factors. Other than brainstorming what to include, you need to know how much do employers pay for health insurance,so you don’t accidentally overspend.
When the going gets tough, employee benefits consulting firms are your solution. They know well how to maximize benefits while minimizing costs. To understand more about these firms and why you should hire them, check out our list below:
Create a Competitive Package
Many employers believe that a great salary is all it takes to land top talent. Little do they know; employees look beyond big paychecks and want to see the compensation and benefits a company can offer them. The better the benefits, the more likely they will accept your job offers and stay.
Various businesses strive to create the perfect employee benefits package to help them fish for the best workers. By hiring an employee benefits firm, you can receive guidance on making the most competitive package that works best for the employer and the workers. They’ll also ensure your benefits remain compliant with laws, offer tax advantages, and the types you should include.
Gain Access to Expertise
We all want to receive the most desirable advice when making crucial decisions for the sake of our organizations. Putting together an effective employee benefits package is no walk in the park, and because it plays a pivotal role in the competence of your business, you don’t want to make a mistake.
Employee benefits consulting firms have consultants with years of experience, knowledge, and hindsight on every prospect of compensation and plans that work best for your firm. They know the ins and outs of every insurance agency and give you all the information you need to understand the complexities. Employee benefits consultants can also show you practices to help you comply with various laws and regulations.
Partner with Health Compass Today!
You can save $1000 per employee through the right innovation and management. Do you want to know how? Schedule a free consultation with CEO and Founder Donovan Pyle from Health Compass through their website https://healthcompassconsulting.com/.
Can I implement ISO 9001 without a consultant?
Yes, it is absolutely possible to implement ISO 9001 in your organisation without the help of a consultant. However, here comes the mind blowing fact that might change your decision to hire a consultant- there is no guarantee about the efficiency of your Quality Management System (QMS) if you implement ISO 9001 on your own. In this article, we will talk about why hiring an ISO 9001 consultant is beneficial for you and your business.
Who is an ISO 9001 consultant?
Simply put, an ISO 9001 consultant is an individual who has undergone specific training in the development of a QMS as per the requirements of ISO 9001. This individual also has real-life experience of implementing, troubleshooting, modifying and evaluating QMS in different organisations. Therefore, it would not be wrong to call them experts of quality management and ISO 9001 requirements.
Why should you hire an ISO 9001 consultant?
It all boils down to expertise. If you, as a business owner, are familiar with the requirements of ISO 9001, then you will have no trouble understanding the clauses and selecting the ones that are relevant to your organisation. However, if you are a novice, you will find the same task excruciatingly painful.
Similarly, if you are familiar with quality management principles, you will be able to build a QMS that focuses on the needs of customers, has a lean approach and is continually improving. Unfortunately, without the real-world experience, your QMS will have rudimentary functionality.
1.Save time and effort
Hence, if we have to summarise why you should hire an ISO consultant, it can be said that an ISO 9001 consultant will save you precious time and effort, allowing you to achieve first-time compliance. Without their expertise, the certification process, especially aligning the documents and identifying hidden non-conformances, can become time consuming as well as overwhelming.
2. Professional performance
In addition, advocates of hiring ISO 9001 consultants also push forward another compelling argument. They say that even if business owners have the expertise or experience with ISO 9001, they should still hire an ISO 9001 consultant, as it helps conserve energy.
See, as a business owner, you are already have to juggle a lot. It makes no sense to focus your energy on a certification process that can easily be delegated to someone with expertise. Your energy is better utilised in envisioning your future aspirations.
3. Experience identifying opportunities
Lastly, the advocates of hiring ISO 9001 consultants also have another argument, stating that an ISO consultant will bring with them a “fresher set of eyes.” To understand the importance of this statement, it is necessary to know that a QMS is just not focused on identifying risks, but it also uncovers hidden opportunities.
So, something that is not so apparent to you, will be extremely evident to a consultant who has immense real-world experience in your industry. As a result, you will be able to explore opportunities and expand your business.
Benefits of ISO 9001 consultant
There are many benefits to hiring an ISO 9001 consultant, including:
Faster implementation: ISO 9001 consultant saves you precious time and speeds up the implementation process of your QMS. In fact, many ISO consultancy services claim to help you achieve certification in less than a month.
First time compliance: Due to their expertise and experience, there will be no non-conformances in your QMS, thereby guaranteeing first time compliance.
Identification of skill-gaps: ISO 9001 consultants conduct a gap analysis within your organisation to identify any inherent skill gaps. Additionally, they will suggest training programmes so that these skill gaps can be appropriately mitigated.
Better documentation: Their expertise helps you align your documents as per the requirements of ISO 9001.
Troubleshooting: As your QMS is in its infancy, it will encounter small obstacles. This is the nature of any management system that is absolutely new. With the help of a well experienced ISO 9001 consultant, you will be able to troubleshoot, modify and improve your QMS.
Better performance of your QMS: ISO 9001 consultants will suggest you industry-specific corrective actions that will further improve the efficiency of your QMS.
How to choose an ISO 9001 consultant?
With so many ISO 9001 consultancy services, it can become overwhelming to select an ISO consulting service that is a perfect fit for your organisation. Before you even begin your search, we recommend that you sit down, take a breath, and clarify your expectations.
Do you want an ISO 9001 consultant who acts as a leader and coordinates activities between your team members, or would you prefer someone who is willing to get their hands dirty and actually sit with you in every step.
This is highly dependent upon the current nature of your management system. If you already have a decent management system, you would require a consultant who acquires the role of leadership, whereas if your QMS is still rudimentary, you would need a subject matter expert. Additionally, the criterions that you should factor in include specialisation, experience and ethics. ISO 9001 consultant should have considerable amount of experience in your industry and should not be willing to take any shortcuts.
Yes, it is absolutely possible to implement ISO 9001 without a consultant, however, there is no guarantee about the efficiency of the QMS. Hiring an ISO 9001 consultant saves business owners time, effort and energy. Focus on the specialisation, experience, ethics as you select your ISO 9001 consultant and ensure that you have a good idea about what role you want the consultant to play in your business.
If you are looking for ISO 9001 consulting that has expertise, experience and commitment, we suggest you to use ISO Counsel services. For more information about cooperation, costs and time required for ISO 9001 implementation, visit isocouncil.com.au website.