With so much changing day-to-day with medical cannabis and the looming legalization date in Canada, it can be easy to miss some of the updates. We publish weekly recap blogs of the top stories from the cannabis world, so you can stay in the know.
News cycle for January 22 to 28, 2018:
- A new study shows cannabidiol helps reduce seizures in people with a severe form of epilepsy. In the 14-week clinical trial, the frequency of seizures was reduced in those who took a pharmaceutical formulation of cannabidiol. [CTV News]
- Canadians spent $5.7 billion on pot last year, making the marijuana industry bigger than beer. Canadians spent more than $5.7 billion on cannabis last year — the vast majority for non-medical use — according to a landmark report released Thursday by Statistics Canada. By comparison, households spent $22.3 billion on beer, wine and spirits along with $16 billion on tobacco in 2016. [Financial Post]
- Feds announce funding for 14 marijuana research projects across Canada. Bill Blair, the MP who has acted as the government’s point person on cannabis legislation, says the research findings will help the government understand the impact of the country’s new pot laws. [CTV]
- Canada will crowdsource pot prices to help track legalization’s impact. Crowdsourcing is the latest tool Canada plans to use to assess marijuana’s role in the economy as the country gears up to legalize it for recreational use this summer. [Bloomberg]
- Denver’s marijuana retail stores raised the price of nearby homes by over $33K, study shows. Recreational marijuana stores in Denver, Colo., raised local home values by an average of US$27,000 ($33,600), in the immediate area after legalization, a study found. [Global News]
- Alcohol sales are suffering in US states where cannabis is legalized. Researchers from two US universities and another in South America have determined that the US alcohol market has suffered a 15 percent drop in sales due to the legalization of medical marijuana. [Fresh Toast]