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Cannabis Summary for Sept. 11, 2020

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

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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.

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