Extended delay in implementing the cooperative regulator, announced with the recent appointment of the Board of Directors, coupled with the reality of large provinces likely not participating in the new regulatory structure, have sparked media commentary that the cooperative effort may be doomed to eventual failure.

Skepticism is understandable, but one could take the opposite point of view. In my FP Comment I look at the part of the glass is half full.

Click here to read my Op-Ed, special to Financial Post.