CannaPharmaRx, Inc. announced that it has received its CRA license. A company can start producing cannabis products after receiving licensing from both the CRA and Health Canada. CannaPharmaRx can now begin business activities relating to the production and sale of cannabis.

The license is valid for up to two years. CannaPharmaRx is now authorized to grow cannabis and sell wholesale to other licensed producers throughout Canada. The CRA oversees regulation of cannabis products including the production, possession, removal, sale and distribution of cannabis as well as impose proper excise duties and taxes on cannabis products.

Now that both licenses are approved the company anticipates completing the first harvest during the current quarter with estimated annual revenue over $30 million.