The as-yet untested ingestibles and extracts markets are a source of hope. Edibles and beverages producers are confident their products will appeal even to new REC consumers and extractors expect to be busy for some time filling orders for companies making ingestibles, vape pens, and topicals.
Business in Vancouver
- Public opinion is shifting, as well. Last year, 31% of Canadians said they’d be comfortable living close to a REC store. This year that number’s up to 43%. The warming trend is driven primarily by renters rather than homeowners and in particular landlords, who are largely still angry about legalization. Vancouver Sun, Insuaga, Vancouver Is Awesome
- Bruce Linton, meanwhile, is thinking about “legalization 3.0,” his term for cannabis products capable of delivering targeted outcomes. These products would meet specific needs, like easing anxiety, or soothing insomnia.
Financial Post
Quick Hits
- Grower and Levity Cannabis principal Travis Lane had an interesting Twitter thread about the challenges ahead for outdoor growers in the sector, and deciding whether to produce profitable high-THC flower over less profitable high-terpene, mid-THC craft product.
Twitter—Travis Lane - Insurers warn that failures of industrial systems supporting LP grow facilities leading to plant die-offs could lead to enormous insurance claims.
Canadian Underwriter
