Health Canada has a year to regulate edible cannabis products and concentrates and until those regulations are announced, companies are looking at developing new products for the market. Currently, the federal government has legalized dried bud, oil and seeds, but cannabis companies are remaining optimistic that the edible market will be legalized within the year. In an article by The GrowthOp, INDIVA (TSXV:NDVA) CEO Niel Marotta weighed in on the future of the cannabis market and where he thinks the market will head in the future.
Marotta believes that the market will see the development and commercialization of a vast variety of cannabis products within the coming year. “The future of the marijuana market is not in traditional dried flower,” he said.
Additionally, Marotta and other industry leaders are certain that anti-smoking laws will ever allow smoking cannabis in bars, restaurants and other public indoor places. As a result, many believe that the Canadian cannabis market will move towards edibles, INDIVA among them. To highlight the interest in the edibles market, Marotta pointed out that his mother is interested in the cannabis sugar that INDIVA will be offering through their licensing agreement with Ruby Edibles, a cannabis company that specializes in making cannabis-infused sugar and salt.
“She can’t stop asking me when it’s coming,” said Marotta. “There is zero possibility that she’ll ever be a smoker, and I don’t think she’d ever vape, but sugar in her tea or salt on her fries…”
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Both locations expand access to the state’s widest-ranging inventory of medical cannabis products for Central Florida patients
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of two brand-new Central Florida dispensaries. The new Clearwater and Tampa locations mark the Company’s 81 st and 82 nd nationwide, respectively, widening patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.
Philip Young, CEO and Director of Lobe, stated, “We are honored to welcome Bart to our Advisory Board. His first-hand experience on and off the field are tremendously valuable as we continue our research involving mild traumatic brain injuries and PTSD. These issues are prevalent in contact sports and we believe that athletes will play a prominent role in the continued acceptance of psychedelic medicines as legitimate treatment. We look forward to working with Bart as we seek to forge long-term strategic relationships.”
HempFusion Wellness Submits Novel Foods Dossier to the United Kingdom’s Regulatory Food Safety Agency
HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that it has submitted its dossier to the United Kingdom’s Regulatory Food Safety Agency (the “FSA”).
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