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The ‘Bis weekly news update – May 4 to 11, 2018


It’s Friday and that means we’ve spent the week watching the newswire (is that still a thing?) looking for the best and most interesting cannabis news.

This week The ‘Bis has found the five stories to read to keep you in the know. Everything from lower Canadian pot prices, how one BC city is trying to keep Cannabis out of its farms, and a new cannabis business course.

Canadian weed 30% cheaper than pot sold in the United States

 According to a report published by Wikileaf last week, an online database that tracks and compares North American dispensary prices, cannabis is 30 percent cheaper in Canada than in the United States.

By comparing dispensaries at the beginning of April 2018, Wikileaf discovered that an eighth of an ounce ran consumers around $40 USD, compared to $27.90 USD in Canada (That’s $35.63 in our coloured money).
Costs align more as quality increases, but Canadian savings stay pretty the same regardless of the quantity.

City of Richmond wants to say no to weed (on farmland)

The City of Richmond is asking the B.C. government to impose a temporary ban on the use of their Agricultural Land Reserve (ALR) for cannabis production.

Richmond councillors have opposed marijuana facilities since legalization became a reality. Much of the concern is that increased pot cultivation will damage the produce industry.

However, production of cannabis on the ALR would acceptable under the provinces proposed legislation.

“That overwrites our regulations,” Ted Townsend, spokesperson for the city, told the Richmond News.

“If somebody wants to bring forward a proposal to grow cannabis on farmland, we wouldn’t be able to prohibit it for now.

The province has yet to comment on the matter.

Report: Canadian companies are dominating global cannabis trade

Canada’s growing cannabis industry is now the leader in the global trade of legal pot, says a report from a Washington, D. C., data analytics firm, New Frontier Data.

Companies building grow facilities to supply Canadians with cannabis are also in a unique position to sell their products and expertise around the world, says the report.

“Canadian [companies] are allowed to export abroad, making them some of the first companies in the world to sign international cannabis trade deals,” says the report.

Canadian cannabis companies are now exporting their products to countries on multiple continents.

Canada has been given a head start in the global cannabis marketplace, and there are very few rivals. “Canada stands alone in terms of scope and importance on the world stage.”

China puts pressure on Canada over illegal cannabis imports

The CBC is reporting that Chinese officials have been quietly pressuring Canada over illegal cannabis flowing into their country. Ottawa has agreed to work with them on the problem according to an internal federal memo.

The previously unknown, and unreported, issue came up during talks between the countries on the importing of opioids into Canada, which has fuelled a crisis of overdose deaths from fentanyl and related compounds.

Federal officials are trying to fight the opioid influx by drawing on expertise from various agencies.

The RCMP and Canada Border Services Agency have been collaborating with Chinese law-enforcement counterparts to address the opioids issue. There is little word on how Canada will begin to address the supposed flow of cannabis into China.

Mount Royal University to teach the business of cannabis

Mount Royal University will offer three, non-credit continuing education courses — at a cost of $1,500 each — this fall, covering the business side of cannabis.

“The idea was, we have a lot of course connected to business and professional education so this seemed like really, a natural fit,” Brad Mahon, dean of the faculty of continuing education at Mount Royal University, told The Homestretch.

One course will be on plant production and facility management, one on marketing, sales and drug development and another on financing a cannabis enterprise in Canada.

Registration opens June 11 and the courses begin in September.

Enrolment in each will be capped at 30 students to start.

 



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