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CANNABIS CONSUMPTION UP, BEER DOWN

A Cowen and Co. survey found Canadian cannabis use is at a record level, double that previously reported, aided by the popularity of still-illicit edibles. Meanwhile, Canadians are drinking less beer.
Barron’s

  • Two weeks ago, a Dalhousie University survey found 37% of respondents considered themselves “regular cannabis users,” which was a great deal more than the 17% who told Statistics Canada’s they had used cannabis in recent months.
    Globe and Mail—Paywall
  • Cowen and Co. found similar numbers to the Dalhousie researchers, with 40% of respondents in Alberta and Ontario reporting cannabis use in the last month.
  • Cowen and Co. found similar numbers, with 40% of respondents in Alberta and Ontario reporting cannabis use in the last month.
  • As consumers may legally choose between cannabis and alcohol, alcohol consumption tends to go down.
    MG Retailer
  • A US analyst said declining beer sales are “the canary in the coal mine” for the entire alcohol industry.
    Bloomberg
  • The alcohol industry’s existing infrastructure could be used to more efficiently sell cannabis, said Ted Zittell, Canadian-born director of US cannabeverage manufacturer Tinley.
    Daily Hive

Quick Hits

  1. The Vancouver Area Network of Drug Users hosts events at which Neil Magnuson and his Cannabis Substitution Project gives out free pre-rolls, edibles, and topicals to drug consumers hoping to swap cannabis for opioids.
    The Straight
  2. Supporters of Vancouver’s 420 celebration claim the Parks Board, which voted to ban the celebration, is maliciously keeping Sunset Beach Park closed more than a month after the protest/celebration/performance in order to generate public hostility to the event. Parks Board commissioner John Coupar responded “I understand that the grass field required aeration, top dressing and seeding #nospin #factsmatter.”
    Straight Cannabis