Canada’s Cannabis Boom: Companies Moving Towards CBD

December 17, 2017

The cannabis industry in Canada has been described by some pundits as ‘white hot’, and there’s good reason for that…

The buzz comes off the back of rumors that the government in Canada will legalize cannabis soon, and open up 120,000 acres of hemp fields for cultivation. However, cannabis companies seem to be hedging their bets on the secondary compound in the plant; namely CBD, which is considered to be the ‘medical’ compound as it doesn’t make patients high.

As Jan Slaski, a hemp researcher from Alberta told reporters, “People are excited,” adding, “We have so much hemp here already. And farmers are gearing up for more.” That said though, the issue is that currently hemp grown in Canada can only be used for its seeds, while the leaves and flowers end up in the trash. This means that as only trace amounts of cannabidiol are found in hemp seeds, good quality CBD is harder to come buy and overpriced.

Those who are hopeful that Canada will reverse its controversial 1998 hemp law, also hope that the government will remove hemp-derived CBD from the current list of controlled substances. If the hoped for changes do happen, it’s highly likely that Canada will take over from the likes of the US and China, and dominate the CBD market globally.

Patrick Frankham, CEO of Pivot Pharmaceuticals in Vancouver, said, “We believe hemp-derived CBD oil will be the first to be deregulated. We’re building our business entirely focused on that event.” However, Pivot aren’t the only ones who want a piece of the not-yet-fully-baked pie.

Aurora Cannabis out of Vancouver for example, invested a staggering $2.5 million in Hempco Food and Fiber last summer. This move positioned them in a strong place, as and when the long-expected legal amendments are made.

Another big player, the aptly named True Leaf Medicine from Vernon, tripled its production in 2017, providing CBD for humans and pets.

These companies, along with many others, and thousands of patients wanting CBD, hope that the Canadian government will do the right thing and follow popular opinion to deal with the CBD issues once and for all.

[Image credit- Pixabay]

The post Canada’s Cannabis Boom: Companies Moving Towards CBD appeared first on Cannadelics.





Also in Education

Can Cannabis Rebalance the Microbiome?

August 19, 2022

Digestive issues are amongst the most common disorders in the world, which is why researchers are always keen to discover new therapies to treat gastrointestinal (GI) conditions. The discovery of endocannabinoid system receptors in the GI tract has led researchers to examine links between cannabis and the gut, to ascertain if cannabinoid compounds can be […]

The post Can Cannabis Rebalance the Microbiome? appeared first on Cannadelics.

Continue Reading

Cannabis Smuggling on the Decline Between Mexico and U.S.A.

August 19, 2022

TESTSTSARDSAR

Cannabis Smuggling on the Decline Between Mexico and U.S.A. by Frank Schuler

Cannabis advocates have long pointed out that when cannabis is prohibited, people still consume it. That may seem obvious, however, cannabis prohibitionists try very hard to pretend that it’s not the case. Under prohibition, cartels largely control cannabis sales. That is not to say that every single piece of cannabis is cartel controlled. Surely there […]

A link to your site, with your site's name and description as anchor text.

Continue Reading

Hollywood Undead Resumes Touring Amid New Grow Op

August 18, 2022

TESTSTSARDSAR

Hollywood Undead Resumes Touring Amid New Grow Op by Ebby Stone

Nu-metal group Hollywood Undead is back on tour and grateful to put the restrictions of the pandemic behind them. While touring was on hiatus the band was busy crafting their new album Hotel Kalifornia, which debuted August 12. Two of Hollywood Undead’s founding members have also been immersed in another, less musical, venture. Jorel Decker […]

A link to your site, with your site's name and description as anchor text.

Continue Reading