Legal Channels Provide Consumers With Access to Safer Cannabis Products
The cannabis industry has grown at a remarkable pace over the past several years on the back of ongoing legalization efforts around the globe. And while cannabis is still illegal in most regions, a handful of countries have decriminalized the plant for moderate personal consumption. Predominantly, cannabis is being used for medical applications because of its therapeutic benefits. Additionally, the North American region's recreational market is even accelerating at a faster rate than the medical market. Overall, the cannabis industry has received a lot of scrutiny, hindering its growth. In particular, cannabis-based extracts and concentrates have recently received major backlash due to the unsafe chemicals used in their production as U.S. President Donald Trump and Congress take aim at the electronic cigarette industry. Now, cannabis industry experts believe legislation restricting e-cig sales could carry over into the cannabis marketplace, ultimately curbing sales of cannabis vaporizer products. The additive chemicals and unthorough testing procedures have caused great concern among political lawmakers and federal health officials. Some officials are also demanding that research be updated in order to fully understand the health hazards caused by vaping. And after laboratory testing by the Centers for Disease Control and Prevention and the U.S. Food and Drug Administration, it was uncovered that vitamin E acetate is possibly the cause of vape's health complications. Vitamin E is a common nutrition supplement, however, vitamin E acetate found within vaporizers is synthetic and is used as a thickener in liquids. Specifically, many black market cannabis distributors use vitamin E acetate in their liquids. In response to the epidemic, many industry experts have told consumers to purchase cannabis products from legal vendors, who explicitly mention the additives as well as the growing procedure of the product. According to data compiled by Verified Market Research, the global marijuana market was valued at USD 42.20 Billion in 2016. Furthermore, by 2025, the market is expected to reach USD 466.81 Billion while registering a CAGR of 35.3% from 2018 to 2025. Pasha Brands Ltd. (OTC: CRFTF) (CSE: CRFT), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Charlotte's Web Holdings, Inc. (OTC: CWBHF) (TSX: CWEB), iAnthus Capital Holdings, Inc. (OTC: ITHUF) (CSE: IAN)
New Regulations are Set to Introduce Cannabis-Based Edibles and Oils to Canada
Last year, Canada legalized cannabis for recreational adult use. Since then, the Canadian market has grown rapidly to become a prominent global market driver. Initially, Canada faced heavy legal barriers, which hindered the growth of the market, as the federal government imposed restrictions in order to keep the market regulated. However, regulatory laws are beginning to loosen as more provinces are approving operating licenses. For instance, Alberta alone accounted for nearly a third of total Canadian cannabis sales, despite provinces such as Quebec, Ontario, and British Columbia having a much larger population. In particular, provinces such as Ontario witnessed widespread shortages largely due to cannabis operators being unable to keep up with demand. As a result, provinces have pledged to issue dozens of licenses for businesses applying in efforts to ramp up production and sales. Furthermore, licenses are also being granted in anticipation of Canada's "second legalization," which is expected to be implemented in the latter half of 2019. The second legalization is expected to introduce cannabis-based products such as oils, tinctures, edibles, and concentrates to the Canadian market. However, despite Canada having already legalized cannabis, it is still overshadowed by the U.S.'s burgeoning market. Currently, the U.S. is the primary growth driver for the global cannabis market, largely due to the states such as California and Colorado, which adopted cannabis reform early. Conversely, Canada's recreational market is still in its infancy stage. However, the market is primed to witness exponential growth as it continues to mature over the next several years. And according to data compiled by Arcview Market Research and BDS Analytics, the legal cannabis spending in Canada is projected to grow at a CAGR of 44.4% from USD 569 Million in 2018 to nearly USD 5.2 Billion by 2024. Pasha Brands Ltd. (OTC: CRFTF) (CSE: CRFT), Neptune Wellness Solutions Inc. (NASDAQ: NEPT), KushCo Holdings, Inc. (OTC: KSHB), The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) (TSX: TGOD), iAnthus Capital Holdings, Inc. (OTC: ITHUF) (CSE: IAN)
iAnthus Capital Holdings, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / August 27, 2019 / iAnthus Capital Holdings, Inc. (OTCQX: ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 27, 2019 at 8:30 AM Eastern Time.