Canadian’s Appetite For Cannabis Edibles Decrease
A new study from Dalhousie University led by Sylvain Charlebois, senior director of the Agrifood Analytics Lab, sought to determine if public opinion had changed about cannabis legalization, the findings were surprising for the research team.
According to the results, it appears the high times around legal weed are fizzling out as Charlebois says Canadians seem uninterested in cannabis, especially when it comes to the legalization of cannabis-infused edibles. “What we are getting out of the survey is that people aren’t quite as excited or enthusiastic about cannabis in general,” he said.
In 2017, before legalization, 46 per cent of respondents said they were interested in trying edibles, but in the new poll, that number had dropped to 36 per cent. - Global News
Over-Valued And Over-Regulated: Why Some Cannabis Investors Are Shunning Canadian Firms And Eyeing U.S. Operators Instead
Many Canadian licensed producers might never achieve profitability and eventually lose ground to their American counterparts because of oversupply and onerous marketing restrictions — the combination of which will lead to commoditization, according to some investors in the cannabis space.
“Industry commoditization will arrive before profits ever do. We forecast that Canadian LPs will not earn a profit in the next three years, nor will they be profitable thereafter,” Hass boldly predicted. - Financial Post
New Cannabis Licence Rules Could Make Canada's Supply Shortage Even Worse
The Canadian government said last week that it will now require applicants for cannabis cultivation, processing or sales licenses to have a fully built site before they apply. The goal is to alleviate the huge backlog that’s built up since Canada legalized recreational pot in October. About 614 applications were waiting in the queue as of March 31, according to a Health Canada spokeswoman.
“I think the fact that you now have to fully build out your site before you even apply means that people are going to build very small initial phases to try to mitigate risk and minimize the amount of money that has to be spent,” cannabis lawyer Trina Fraser, partner at Brazeau Seller Law, said in a phone interview.
Canada’s changes to its cannabis licensing requirements may make the country’s persistent pot shortage worse, not better, according to some in the industry.
“That could actually exacerbate the supply problem because it’s going to be difficult for those producers to expand and grow fast enough to meet demand,” Ottawa-based Fraser said. - Financial Post
First Outdoor Cannabis Cultivation Licence Awarded To BC Company
In a statement released today, Good Buds announced that it had been awarded an outdoor cultivation license for their Salt Spring Island property by Health Canada on May 10.
The company calls this a “market disruptor,” that would drastically lower not just costs, but reduce cannabis’ hefty carbon footprint. - Daily Hive
Aurora Cannabis And Radient Technologies Announce First Commercial Delivery of Cannabis Derivatives
Aurora Cannabis Inc. announced today that Aurora has taken delivery of Radient's first commercial batch of finished cannabis derivatives, from Radient's proprietary extraction platform. With this first batch, Radient has proven its enhanced ability to produce cannabinoid derivatives at commercial scale, and will continue to scale up production at Radient's cannabis facility in Edmonton , reaching an expected eventual annual throughput of approximately 300,000 kg of cannabis biomass at this single location. - Yahoo Finance
Quebec Backpedals On Plan To Ban Public Cannabis Smoking
The Quebec government is relaxing its plan to ban cannabis users from lighting up in parks and other public spaces, Radio-Canada has learned.
Premier François Legault has vowed to tighten restrictions on cannabis sales and consumption, making the proposed changes a part of his original election platform.
The province is planning to include an amendment in Bill 2 today after concluding a province-wide ban on public consumption wouldn't be enforceable. - CBC News
Cannabis Lounges Coming To Sin City
The Las Vegas City Council this month voted to allow existing dispensaries to apply for permits to open consumption lounges where tourists can use marijuana products in a cozy setting, perhaps with a meal and some live entertainment.