Today’s the big (or not-so-big) day in Ontario as (10 of 25) private cannabis retail operations will open their doors. The era of (really limited) private cannabis retail in Ontario is upon us. BofC’s Jay Rosenthal joined CBC Toronto’s Metro Morning last week to talk about Ontario private retail.
The Business of Cannabis team started last week in Moncton, New Brunswick at Organigram. You can catch the two BofC Live shows from last week here:
Hunny Gawri – the proprietor of The Hunny Pot – is the owner of the only retail shop opening in Toronto today. His location is the old New Era hat shop on Queen West – directly across from the Friendly Stranger. He is now kind of famous – having appeared on nearly every news outlet leading up to his shop opening – and will certainly have a busy few days…
Speaking of famous – Seth Rogen launched a new brands with Canopy Growth: Houseplant. Including a fairly impressive brand roll-out (including website).
Both WeedMD and CannTrust announced plans to grow outdoors last week. CannTrust also posted earnings for Q4 last week – and the market reacted accordingly.
Perhaps the most interesting news of last week were the dual announcements from US pharmacy giants Walgreens and CVS that they were start carrying CBD products at their respective stores.
And back in Canada, there appears to be a CBD oil shortage…
EY came out with a report this week stating that 1 in 5 Canadians will be cannabis consumers by 2025. (Seems low…)
Resolve Digital Health MD received approval from Health Canada for their cannabis-related medical device for cannabis – a vaporizer known as Resolve MD.
A study published in The Lancet Psychiatry found increased odds of first psychotic episodes in individuals who smoke cannabis daily and/or who smoke high potency (THC > 10%) cannabis.
Some more research/data news, this time from the New York Times: Edibles induced a disproportionate number of pot-related medical crises, an analysis of emergency room admissions in Colorado found.
In related news, Rosen’s Buns – of cinnamon bun fame – is working with edibles “company” Mom Jeans Provisions – to provide the famous cinnamon bun spread for edibles.
Finally, we are asking you to vote for Business of Cannabis. BofC-related people and projects have been nominated for a number of awards at O’Cannabiz this year. Please take a moment to vote!