Have you noticed how much more expensive natural health products have become?
Unfortunately, this trend is only going to worsen due to Health Canada’s push to impose pharmaceutical-style regulations on the natural health industry.
One major change is the introduction of Cost Recovery fees, which the natural health industry has been exempt from—until now.
Here’s how the financial domino effect works: these fees will first hit manufacturers, who will then have no choice but to pass the costs down the supply chain, affecting:
- Distributors
- Retailers
- Consumers
- Practitioners
For consumers, this means skyrocketing prices. For businesses, especially small and medium-sized manufacturers, it could mean discontinuing products or shutting down altogether. These are companies that already operate on tight margins, often driven by their personal health journeys and passion for helping others. For practitioners, it could mean losing access to the products they rely on to support their patients.
