Craft Cultivators Take Meticulous Steps to Ensure Cannabis Quality
As cannabis continues to become more mainstream in modern day society, new users are eager to get their hands on the latest craze. However, every individual user has different tolerance levels, meaning some users may require much more to feel the effects, while some may need a comparatively insignificant amount. In particular, consumers who use cannabis for medicinal purposes can face issues if their tolerance level increases and the drug loses potency. According to Analytical Cannabis, there were 22 unique studies involving 629 participants to study the effects of intoxication. Of the 22 studies, 15 found some positive evidence that higher cannabis tolerance affected intoxication. As a result, most users take short breaks from cannabis use, or more commonly known as "t-breaks," which frequent recreational users have said that taking t-breaks can help reduce their tolerance levels. On the other hand, medical cannabis users that suffer from chronic pain or discomfort say that t-breaks are rarely an option. In order to meet the demands for both frequent and infrequent users, cultivators are tasked with the challenge of creating strains to please both markets. Typically, strains are either indica, sativa, or a hybrid mix. Indica and sativa are the two major types of the cannabis plant, but the two offer widely different effects. Indica strains are generally known to be more physically sedating, making them perfect for relaxing or sleeping. Meanwhile, sativa strains offer a more uplifting and cerebral effect. On the other hand, hybrid strains usually offer varied effects or a mix between the two depending on the THC to CBD ratio and the parent strains. For instance, a popular strain known as Girl Scout Cookies or "GSC" is a 60% indica and 40% sativa crossover of another hybrid strain and a sativa strain. GSC offers consumers a euphoric body high and a potent relaxation effect, making it optimal for both frequent recreational users and medical patients suffering from pain, nausea, and appetite loss. However, new users may be enticed by a strain that is weaker such as a CBD-dominant strain that simply only offers relaxation effects. Now, as the market continues to grow, the options for strains are virtually endless for consumers with dispensaries and retailers carrying a wide variety of strains. The rather ample selection attracts different demographic markets, helping the cannabis industry accelerate forward. According to data compiled by MarketsandMarkets research, the global cannabis market was valued at USD 10.3 Billion in 2018. By 2023, the market is expected to reach USD 39.4 Billion while growing at a CAGR of 30.7%. Pasha Brands Ltd. (CSE: CRFT), Tilray, Inc. (NASDAQ: TLRY), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), OrganiGram Holdings Inc. (NASDAQ: OGI) (TSX-V: OGI), New Age Beverages Corporation (NASDAQ: NBEV)
Canadian Cannabis Licensed Producers See Benefits of Big Board U.S. Listings
Another Canadian licensed pot producer just entered the fray on a major U.S. exchange, as OrganiGram Holdings Inc. (NASDAQ:OGI) (TSX-V:OGI) began trading on the Nasdaq. Opening at a price of approximately $8, the under-the-radar LP joined the ranks of other large Canadian players getting uplisted to a U.S big board.