Week in Weed – January 13, 2024

| David Brown

In cannabis news this week, StratCann covered the newest Canadian cannabis survey that shows the legal market is continuing to eat into the illicit market in Canada, with nearly 3/4s of all purchases coming from the regulated market.

In another article, we highlighted that Canadians bought more than $16 billion worth of cannabis in the first five years of legalization.

We also looked at an update from BC as it continues putting off its decision on raising the retail store cap from eight, and Tilray’s newest quarterly report in which they lost less money than last year.

We also looked at two more cannabis stores in BC that were targeted in early morning burglaries.

Tether’s sampling event is coming to Vancouver on January 24, and we profiled Proficiency Testing Canada and how they are improving laboratory data quality with real cannabis samples.

In other cannabis news in Canada and elsewhere…

CTV interviewed the owners of The Vault Hemp & Cannabis Boutique in Manitoba, which has a new location opening in Gilbert Plains. The company’s first store was in an abandoned CIBC bank building, hence the name. The Gilbert Plains location is one of five new stores The Vault hopes to open in Manitoba in 2024, bringing the chain’s total to eight across the province.

University of Saskatchewan (USask) researchers are developing models to more accurately determine the effects of cannabis on consumers by conducting studies that utilize a novel cannabis smoke delivery system to burn commercially available cultivars. 

Sales of alcohol are down, while cannabis is up, writes CTV Atlantic.

THC BioMed Intl Ltd., located in Kelowna, BC, is facing delays in filing its annual financial statements due to unpaid auditor fees, which also led to a management cease trade order by the British Columbia Securities Commission. The company expects to receive payments from various provincial cannabis operations in Canada later this month, which it believes will be enough to settle the outstanding audit fees.

A new report shows that federal scientists in the US recommend easing restrictions on cannabis. The recommendations are contained in a 250-page scientific review provided to a Texas lawyer who sued the US Health and Human Services officials for its release and then published it online on Friday night.