15:00:27 EDT Mon 21 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for Sept. 11, 2020

2020-09-11 19:27 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index lost 2.51 points to 120.53 Friday, ending the week down 0.47 point. The Canadian Securities Exchange Composite Index, meanwhile, gained 2.81 points to 445.04 and ended the week up 0.68 point. Floridian cannabis producer Liberty Health Sciences Inc. (LHS) slipped two cents to 52 cents on 225,100 shares after revealing its plans to introduce cannabis edibles to the Floridian market. The Florida Department of Health only began to allow the production and sale of edibles on Aug. 26, about a year after the state began to allow smokable marijuana to be sold. (Before that, cannabis products would have mostly consisted of THC and CBD oils, tinctures and other concentrate products.)

The rules for edibles in Florida are sort of similar to Health Canada's: Edibles cannot have primary or bright colours, which is intended to make the products less attractive to children. Florida has also set a limit of 10 milligrams of THC per edible, the same as Health Canada's limit. There are five product types that companies are allowed to make under the new rules: lozenges, gelatins, baked goods, chocolates and drink powders.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.