2 major Canadian marijuana wholesalers put brakes on delta-8 THC Cannabis products
There are two major Canadian adult-use marijuana markets that are suspending orders of products that contain the drug.
The Ontario Cannabis Store is cautioning about the health risks of the novel cannabinoid.
Denny Palarchio, chief operating officer at the OCS, wrote in an email to licensed cannabis producers that dried cannabis products with low levels of naturally occurring delta-8 THC will not be affected.
In the email, the OCS said it has been monitoring emerging concerns in the United States around delta-8 THC, in particular public health warnings from the U.S. Food and Drug Administration.
The OCS has been distributing products with delta-8 cannabis since the beginning of the year.
Although we are not aware of any adverse reactions to these products in the legal cannabis market in Canada to date, products containing delta-8 THC are outside the definition of THC under the federal Cannabis Act.
The BC Liquor Distribution Branch told MJBizDaily that the products fall outside the definition of the federal cannabis act.
The BCLDB's cannabis wholesale operation won't register or replenish products that contain delta-8 THC cannabis.
Information about the potential biological effects and health risks to consumers is new and emerging and the BCLDB is working with its government counterparts to decide the appropriate next steps.
In an email to cannabis producers, the OCS asked Health Canada if federal cannabis law needs amendments to address intoxicating cannabinoids and other synthetic derivatives.
The OCS said it wouldn't continue until then.
There are products accepted in product calls.
Notices are being issued to purchase new products.
Purchase orders that have not been fulfilled should be canceled. Issuing replenishment orders for certain products. Existing delta-8 THC product inventory will be sold through OCS' wholesale channels as well as to consumers through the OCS website.
39.9% of all recreational cannabis sold in Canada in September was bought by Ontario consumers. British Columbia's regulated marijuana sales made up 15.2% of the month's total.
Cannabis With Enhanced Amounts Of THC (17%), CBG (25%), And Terepens (30%): Researchers Found A Way To Do It
The Jerusalem Post reported that the lab of Prof. Alexander Vainstein at the Hebrew
University in Rehovot has engineered medical marijuana strains that contain 20% more THC.
This achievement could help create new strains and increase crop yields.
The researchers at the Robert H. Smith Faculty of Agriculture, Food and Environment increased the amounts of cannabinoids by up to 30%.
The goal of the study was to find a way to interfere with the pathways that lead to higher or lower production of active compounds.
The researchers manipulated a plant-based virus so that it wouldn't harm the plant and then manipulated it to express genes that influence the production of active substances in the cannabis plant.
Synthetic biology tools were used to create this innovative use of these tools. We developed an innovative technology based on infection with an engineered virus that facilitates chemical reactions that increase the quantities of desired substances. We looked at the plants and found that the levels of the substances in question had gone up.
Why does it matter?
This is the first time scientists have been able to manipulate the levels of active compounds in the cannabis plant.
Vainstein said that the study results would be useful to the industry, to increase the yield of active substances, and to medical researchers to cultivate and develop new strains for medical cannabis users.
The results of further research and experiments are expected to be finished in the coming months.
Cannabis News Week: Schumer Makes Last-Ditch Effort to Help Marijuana Sellers
Chuck Schumer is going to try to get cannabis banking legislation passed before Republicans take over the lower house of congress.
The SAFE Banking Act, which would free up large banking institutions to provide industry players with much-needed loans and other banking services, is being pushed by Schumer.
The other three House and Senate leaders are expected to help him in omnibus meetings on Friday and through the weekend.
McConnell blocked the addition of cannabis reform from the National Defense Authorization Act last week, while also promising to keep the unrelated language out of the omnibus bill.
Pot prices are falling in many states.
According to an SFGate feature with interviews with over a dozen farmers, wholesale cannabis prices in California have fallen by as much as 95 percent since voters legalized recreational cannabis in the state.
They used to get as much as $2,000 a pound for their crop, according to the group. The group says they are going to get $400.
The amount of degradation has hit farmers hard, even though most industry watchers and economists predicted that legalization would cause prices to fall naturally.
The quality of weed produced in Northern California's Emerald Triangle is well known. The region has been hardest hit by falling prices.
The state legalized recreational cannabis in 2016 and has led to the closing of many farms.
It might get worse for wholesale farmers.
In 2010, the RAND Corporation predicted that legalization in California would cause an 80% drop in wholesale prices, as the crop was grown more efficiently and at a larger scale.
The retail price of recreational weed in Michigan was down from a year ago.
The decline in sellers in the state is attributed to an increase in licenses issued by the state.
The number of licenses in the state has grown since January of 2021. The co-owner of the Fire Station Cannabis Co. said that Michigan allows for free trade.
Stauber believes that the lower prices are resulting in more sales.
It's harder for retailers in New York.
In a state that is notorious for its red tape, New York's recreational cannabis launch is going as expected.
A new real estate allowance that allows some cannabis license holders to submit their own proposed store locations in pre-qualified areas is being adopted by regulators in the state.
They don't have to rely on regulators to place their stores in certain properties.
The new rule is unfair according to cannabis attorney David Feder.
Keywords: Democrat Senator Chuck, Senator Chuck Schumer, Lead Democrat Senator, banking legislation passed