Life Sciences

Demand for recreational marijuana in Canada will be “much stronger than expected“ – researcher

(FinancialPress) — Expectations set by industry officials operating in the recreational marijuana sector may be well below the real level of demand that will be reached, as per a report received by Health Canada. Demand that the market is not properly bracing for could have repercussions all through the supply chain. For example, cultivators could see a spike in sales if they can get ahold a share of the expanded market. Retailers could find themselves in a tight spot, if the public expects them to move more product than the limited amount of government-run stores could handle. Quebec aims to have 15 provincial-owned stores operating by next summer – Ontario guns for 40. Alcohol companies would find themselves facing stiffer opposition than expected in this scenario. Miles Light, par...

Corona beer-owner Modelo to throw hat into marijuana rodeo

(FinancialPress) — Corona beer-owner Constellation Brands (STIZ) recently purchased a minority stake in a Canadian marijuana company – thus sparking the flame for one of the most intriguing business deals of 2017. While its business model has been centered around beer, wine and spirits, the fact that the company has dipped its toe into the owner pool for Canopy Growth Corp. has caused considerable noise in the market. What will come of the deal, however, is still unknown by either the Ontario-based company, whose stock symbol is, of course, “WEED“, or Constellation itself. Constellation is the first “Big Alcohol“ that‘s ventured this aggressively into the space. Several corporations in the consumer products sector, including those in the Big Tobacco portion, have long wondered how mu...

These are the cities that are leaning towards legalization (II of II)

(FinancialPress) — Continuing with Friday‘s publishing in which the state-wide efforts to de-penalize marijuana were featured, today we continue after adjusting the microscope for a more close-up look – one that allows us to see which are the city-specific voting results and efforts that are bringing the U.S. closer to a greener future. Changes by City Detroit, Michigan Two proposals were approved by Detroit voters last week. Thanks to them, marijuana dispensaries will have an easier time opening and starting their operations. It was all wins for dispensary hopefuls, as it was approved for the businesses to open within 500 feet of other dispensaries. They can also open within 500 feet of religious institutions. Repealed were the requirement of the city holding a public hearing before...

These are the states that are leaning towards legalization (I of II)

(FinancialPress) — Marijuana may still be illegal at a federal level, still be a Schedule I-classified drug and may be labeled as a “life-wrecking“ substance by the attorney general of the U.S. – but the legalization movement achieved some huge strides over the past week. A scattered-out-but-significant amount of MJ-related efforts passed on Wednesday, including pro-cannabis candidates being elected and reforms being passed. MJ advocates still see a long road ahead to reach normalization and legalization, but still, the advances are undeniable – and suppor is increasing for the initiative to treat cannabis the same was as alcohol and cigarettes instead of having it in a category similar to heroin. These are the places that are spearheading those efforts: State-wide changes NEW ...

Crackdown coming for TMX cannabis stocks with US interests

(FinancialPress) — Canadian cannabis companies were threatened with a potential delisting by the TSX Venture Exchange (TSX.V) yesterday, which could lead to a possible exodus to more accepting exchanges sooner than later. The news travelled swiftly among those in the cannabis sector, as the exchange put its foot down regarding activities in the United States. Citing that while many states have legalized cannabis for medicinal and recreational consumption, the TSX.V pointed to the classification of marijuana as a Schedule I drug under the U.S. federal Controlled Substances Act. “The Exchange is aware that a number of U.S. states have legalized the cultivation, distribution or possession of marijuana to various degrees and subject to various conditions. Nevertheless, marijuana remains a Sche...

WADA Lifts CBD Ban for Professional Athletes and their Doctors

Markets Boom for Premium CBD Infused Functional Foods and Nutraceutical Brands A new era in sports injury treatment, performance supplements and sports nutrition has arrived. Starting January 1, 2018, athletes around the world will be able to use CBD, for the first time in the history of competitive sports. The World Anti-Doping Agency (WADA) just removed hemp-derived cannabidiol (CBD) from its 2018 List of Prohibited Substances, freeing up athletes in the largest international athletic associations in the world like the IOC and FIFA as well as major sports leagues like UFC, NCAA, NFL, NBA, NHL, MLB, and many more to use CBD-infused products as to treat pain and inflammation based disorders. As WADA is a global governing body, now athletes around the world can use CBD to treat pain, inflam...

Hemp & CBD are on a strong upward trend

(FinancialPress) — Ameri Research Inc. has released a market report that showcases the value of the global legal cannabis market reaching a peak of $14.6 billion. And it’s is only expected to grow. Legal cannabis as a global market, was given a projection of a compound annual growth rate (CAGR) of 21.1%, extending from 2017 to 2024. During that period, both recreational and medical use are bound to increase – with estimated global sales value pegged to reach $63.5 billion. One of the main engines of the ever-growing market, cannibidiol (or CBD), will continue to push strong according to Greenwave Advisors‘ Matt Karnes: “In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now, there are 15 states that allow CBD only – this is in addition to the...

While cannabis use rises, legalization is only marginally responsible

(FinancialPress) — Cannabis consumption has been on the rise in the United States since 2005, but the legalization wave may not be responsible for the change, as per a new study by William Kerr and the Public Health Institute. The report discloses that marijuana consumption among men in America has risen to 14.7% since the early 2000s. When researchers moved the timespan to begin at 1984 and end in 2015, they found that cannabis use by women doubled up from 5.5% to 10.6%. As of 2015, 12.9% of all American adults reported regular marijuana use. Ten years before that, the percentage stood at 6.7%. While since 2012 nine more states have joined the legalization wave, and a grand total of 30 states have made medical marijuana use legal, the study puts little weight on that for the rise. Researc...

WADA removes CBD from banned substances list

(FinancialPress) — The World Anti-Doping Agency (WADA) has released its Summary of Major Modifications and Explanatory Notes— a regulation update for 2018. One of the most notable changes came in the banned substance list, as marijuana legalization changes begin to make their impact across the sporting world. Cannabidiol (more commonly known as CBD) will no longer be considered a prohibited substance. CBD is a growing market, used as a pain relief medicine derived from cannabis plants. Changes come into effect, at the beginning of next year— Bu at the moment, all cannabinoids are still prohibited in-competition by WADA. Notable athletes such as MMA fighter Nate Diaz brought the marijuana extract to light through multiple failed drug tests or, in Diaz‘s case, when he brought a CBD vape pen ...

Cannabis capacity grows in West-Central Alberta production site

(FinancialPress)—Construction is well underway on Phase 2 development for the purpose-built, multiple room cannabis production facility of Acreage Pharms Ltd., the wholly-owned subsidiary of Invictus MD Strategies Corp. (OTC:IVITF)(TSX.V:IMH). Expected to be completed by the end of January, 2018, the foundation for the Phase 2 portion of the West-Central Alberta facility has already been poured, with exterior completion scheduled for November, 2017. Acreage Pharms is a licensed producer (LP) under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). The LP already has an existing 6,800 square-foot concrete and steel facility on a 150-acre property with the capacity to produce 609 kgs of cannabis annually. Phase 2 of the Acreage Pharms facility was originally planned...