A new study suggests a growing number of more seniors may be using medical cannabis. PHOTO BY FILE PHOTO /Getty Images

While cannabis use has been on the rise following the legalization of marijuana in Canada, a new study has found the increase in cannabis use is more pronounced among Canadian seniors.

The study examined surveys conducted by a a commercial medical cannabis provider from 2014 to 2020, and found a gradual increase in the proportion of older medical cannabis users among those surveyed, growing from 17.6% in 2017 to 31.2% in 2019.

Researchers noted that a majority of older respondents said they use cannabis to relieve pain and prefer cannabidiol (CBD) oils over tetrahydrocannabinol (THC).

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In the early months of the COVID pandemic, many people questioned the future of the cannabis industry. After the sector was declared to be an essential industry, many US operators were able to breathe a sigh of relief.

The US cannabis sector will come out of the pandemic stronger than ever as many operators were able to cut expenses as e-commerce cannabis sales remain higher than pre-pandemic levels. When you combine lower expenses with several new medical and recreational cannabis markets, you have a recipe for success and we are bullish on the direction the industry is heading. 

Provincial governments in Canada have adopted a “conservative” approach to the branding behind cannabis legalization that’s likely not as effective as it could be, suggest researchers from the University of Alberta (U of A). The apparent ambivalence regarding weed marketing has almost extended to a “demarketing” strategy, according to Folio, the U of A’s brand journalism site.

“Our initial expectation was that governments would be competing fairly effectively with either the private sector or the illicit market,” notes Kyle Murray, study co-author and acting dean of the Alberta School of Business.

LONDON, Ontario – March 5, 2021: Indiva Limited (the “Company” or

Opening medical cannabis packaging is complicated and difficult for many patients, and this is intentional.

The Cannabis Act was developed with the purpose of preventing youth access, protecting public health, curbing the illicit market and ensuring the medical stream is not misused. As a result, equity and accessibility often take a backseat.

“Packaging is a physical barrier to access,” says Ashleigh Brown, Founder and CEO of SheCann Cannabis, a community of over 5,000 patients. “We have had patients actually use hacksaws, pliers, or vice grips to get to their medication.”

Canada is only one of two countries where cannabis is legal for adult use, along with Uruguay.

Uruguay was the first nation to legalize cannabis. However, its legalization model is more restrictive compared to Canada.

In Canada, the legal adult-use cannabis industry is open to anyone of legal age, whereas in Uruguay only residents can make purchases.

Within Canada, there are various sub-legalization models between provinces, with New Brunswick having a particularly unique industry model.

It was a sluggish start of the year for Canada's cannabis market as sales fell by more than five per cent in January from the prior month, according to Statistics Canada. 
 

These are heady times for the cannabis industry.

Countries from Mexico to Norway are taking concrete steps towards decriminalizing the drug.

The biggest prize of all is the American market, where cannabis is now broadly legal in 15 states, and analysts believe the dominoes will keep falling.

With that liberalization of pot laws comes increased investment – but also a greater focus on the environmental cost of cultivation.

Canadian cannabis companies are cheering the reintroduction of the SAFE Banking Act to the U.S. House of Representatives today.

The act proposes offering safe harbour to financial institutions like banks and insurance companies, who provide services to cannabis businesses and has long been seen as helpful for Canadian pot companies looking to expand to the U.S.

The National Cannabis Industry Association says the bill was previously approved by the house in a 321-103 vote in September 2019 and then headed to the senate, but didn't move forward and had to be tabled again because of the COVID-19 pandemic.

Canopy Growth Corporation (NASDAQ: CGC) announced that it has entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, the company has raised a $750 million in a senior secured term loan. Canopy also said it has the ability to obtain up to an additional $500 million of incremental senior secured debt pursuant to the Credit Agreement.