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Week in Weed – May 25, 2024

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This week we reported on the removal of over 500 cannabis SKUs from the AGLC's inventory and the passage of a new law in New Brunswick that gives inspectors more powers to deal with over 100 illegal cannabis stores in the province (as well as two recent raids in the province).

We also looked at one of the biggest stories in mainstream media, which shows that older Canadians are increasingly ending up in the emergency room for cannabis use. While much of the mainstream media portrayed this as a result of legalization, the numbers show that this was increasing in the years before legalization and has actually declined somewhat in the last few years that data is available.

We also took a look at Indiva's latest quarterly report for the first quarter of 2024 and took a close look at what it would look like if the cannabis file were moved from the Canadian Ministry of Health to the Ministry of Agriculture.

More Cannabis News

A final application to open a cannabis retail store in Vancouver, BC, will be heard at a public hearing next week. If given the green light, the deal would be the ninth approved by the council, but likely the last, as the city continues to have a moratorium on accepting and reviewing new applications.

Cannabis workers at the Friendly Stranger In Dundas, Ontariovoted for accession UFCW Local 175.

SNDL says Delta9 is in arrears on certain obligations. Delta 9 disagrees. SNDL is demanding repayment of its $10 million senior secured convertible bond. Frederico Gomes, an analyst at ATB Capital Markets, tells the Winnipeg Free Press that there are financial terms for such convertible bonds, which typically include commitments that the company maintain a certain debt-to-EBITDA ratio or a minimum cash balance.

New research from the International Journal of Drug Policy takes a close look at “Canadian THC units” and the public health benefits of other jurisdictions adopting a similar approach.

The Canadian Alliance for Cannabis Tourism announced its plan to make Canada the cannabis tourism capital of the world.

Cult MTL tested the 1964 spice-infused poutine from the SQDC.

Researchers from the Centre for Addiction and Mental Health (CAMH), The University of TorontoAnd ICESA The authors linked data from a recent population-based survey of more than 11,000 youth in Ontario, Canada, with records of health service utilization, including hospitalizations, emergency department visits, and outpatient visits. Results showed that adolescents who use cannabis are at 11 times higher risk of developing a psychotic disorder than adolescents who do not use cannabis.

According to Blacklock's Reporter, internal research by the Ministry of Public Security shows that a third of cannabis users still use the illegal market. For anyone who follows the sector, this is not really new information, although Blackrock and other media outlets have presented it as if it were proof that legalization has failed.

Speaking of the illegal market in Canada, the OPP seized more than 5,000 cannabis plants and arrested two people in Pembroke.

A 45-year-old woman from Quebec City, QC, was arrested and fined $500 after a witness contacted police and mentioned that the driver Driving while smoking cannabis.

Meanwhile, cases of impairment caused by cannabis are rare in New Brunswick, says defense attorney David Lutz.

International Cannabis News

Some cannabis companies and trade groups are urging the U.S. Congress to close a legal loophole Agricultural Law that allows the production and sale of intoxicating substances from legal hemp (think of Delta-8-THC and Delta-10). hemp The industry wants to leave the nationwide definition of hemp unchanged.

Another big topic in the US last week was a new study published in the journal Addiction. It shows that the number of Americans who smoke cannabis daily or almost daily is now higher than the number of those who drink alcohol just as often.

And finally, there was a significant reversal in policy. Thailand says it now plans to require permits for medical and research use of cannabis. The country's prime minister has promised to re-criminalize cannabis by the end of the year after it is decriminalized in 2022.