New video recording from Shawn Buckley’s Whole Life Expo talk (105 minute watch), in Toronto, as part of our ongoing work to educate public and industry. “If you’re going to be facing $5 million fines, not just for the company, but also every director and officer involved in that decision, who can withstand that?” Most natural health industry stakeholders do not realize that steep penalties currently in place for chemical pharmaceutical companies, $5 million per day, will also be applied to natural health product companies as part of the harmonization.
In this lecture you will learn about several changes proposed by Health Canada. Namely, forcing natural products to be regulated as chemical drugs. These changes will increasingly threaten everyone’s access to natural remedies of their choice and funnel the public into a more dangerous model, one of pharmaceuticals.
Shawn’s ability to make complex regulatory environments understandable and morally compelling is the reason we can understand what is coming down the pipe from Health Canada.
• “From a penalty perspective right now, if you’re an NHP company and Health Canada tells you to do something that would be dangerous, and you defy them the maximum fine is $5000. But for chemical pharmaceutical companies it’s $5 million, a day, for every day that you’re in violation. This is a big difference. Now if you’re Bayer or Pfizer $5 million a day is nothing. Like, it’s nothing. But I don’t know of a natural health product company that could survive that.”
• “If you’re going to be facing $5 million fines, not just for the company, but also every director and officer involved in that decision, who can withstand that?”
• “These changes are going to happen by regulation and so all the government has to do is publish the changes in the Canadian Gazette (which is basically the Canadian government’s newspaper) wait for an unspecified amount of time for comment, it can be as short as two weeks. Republish them and then they’re law. We’ll have almost zero time to respond.”
Read the full Discussion Paper, specifically pages 16 – 20, for more on penalties and fees coming for any violation.
Subscribe to NHPPA and join the network.