As you kick off the week, here are five things making news in the cannabis industry:
Regulation News: Effective immediately, Health Canada says it will require new applicants for licences to cultivate cannabis, process cannabis, or sell cannabis for medical purposes to have a fully built site that meets all the requirements of the Cannabis Regulations at the time of their application, as well as satisfying other application criteria. Read the full government statement.
“That pushback right now, that drop, really has to do with the fact that people are scared. They don’t know what to expect...They just see in the news all these horror stories of children getting hold of gummies in the back seat.” Read what our CEO has to say about new caution around cannabis.
Canada’s first professional rugby team, Toronto Wolfpack, is set to become the first pro sports team in the world to launch a line of CBD products aimed at athletes.
ICYMI: "It just comes down to dollars and cents." - one in every three Canadian cannabis users is still turning to the illicit market, according to new statistics.
Food for Thought: "Can it treat chronic pain? Can it treat seizures? The answer is probably 'yes,' to most or all of those, in pets, cats, dogs, in multiple species. The problem is, we don't have studies on it yet." The CBC has the full story.