Canada’s new regulation is set to change the landscape of the natural health supplements industry. The rules liken vitamins and supplements to pharmaceutical drugs, affecting a wide array of products and businesses. Small to medium-sized businesses face financial challenges due to increased fees. The regulation also empowers Health Canada to impose hefty fines for non-compliance. The changes may lead to increased costs for companies and consumers, potential product unavailability, and a negative impact on small businesses. Canada’s new regulation is set to change the landscape of the natural health supplements industry. The rules liken vitamins and supplements to pharmaceutical drugs, affecting a wide array of products and businesses. Small to medium-sized businesses face financial challenges due to increased fees. The regulation also empowers Health Canada to impose hefty fines for non-compliance. The changes may lead to increased costs for companies and consumers, potential product unavailability, and a negative impact on small businesses.
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