TGIF, Investors! Rumors of a Super Bowl wedding are running so rampant that FanDuel Canada is offering odds on whether Travis Kelce will propose to Taylor Swift at the big game.

But did you know the happy couple was offered to make their wedding extravaganza cannabis-themed? You know how the old saying goes: “Something old, something new, something borrowed, something green.”

Plus, Hawaii’s Governor Josh Green says cannabis legalization wouldn’t do much harm — “apart from the snacking and stealing Cheetos.”

Also, a 55-year-old Asian elephant suffering from chronic foot problems finds relief in cannabis.

And, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.*

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TOP STORY

Bernie Sanders Blasts Big Pharma's Pricing Of Lifesaving Drugs In US During Senate Hearing On Medicare

Briefly: CEOs of Johnson & Johnson, Merck, and Bristol-Myers Squibb defended the high prices of their drugs as they were grilled by the Senate Health Committee, led by Senator Bernie Sanders.

What Happened: Sanders accused companies of profiting at the expense of patients’ lives giving an example of a woman in Nebraska who died of cancer after setting up a GoFundMe campaign to pay for Keytruda. This drug costs $191,000 in the U.S. and $89,000 in Germany.

What Else: The three executives who testified admitted drug prices are higher in the U.S. but argued that new medications arrive in the country faster than anywhere else in the world, and added that lower prices in Europe and Canada come with challenges such as long waits for new drugs and limited insurance coverage.

What Next: Read the details of the hearing here.

PRESENTED BY ARTRIX

Vape Products Poised to Revolutionize Cannabis Rosin Consumption: A Shift Towards Cleaner, Safer Highs

Exploring the potential for vape products to become the next mainstream form of cannabis rosin consumption. Despite a decline in overall cannabis concentrate sales, rosin has emerged as a robust market segment, accounting for a significant portion of concentrate sales.

Consumers seek cleaner, purer extracts for safer highs, making rosin an attractive option. Current rosin consumption methods include dabbing, vaping, and edibles, each with its advantages and challenges. Vaping, in particular, has seen rapid growth, but faces obstacles in delivering optimal vaporization for live rosin.

The ideal rosin consumption product would combine the convenience of vaping with the premium flavor of rosin. Drawing parallels with the evolution of e-cigarette products, the article anticipates a future where vape products seamlessly accommodate rosin. The rosin product evolution aims to offer users a simple yet effective solution for enjoying rosin vaporization.

FIVE ZINGERS

Scotts Miracle-Gro's cannabis-focused subsidiary reports a 39% YoY revenue drop in Q1

Marijuana extract can kill melanoma cells, new study reveals possible treatment for skin cancer

Weed company working with Future, Mike Tyson, Ric Flair, and Hulk Hogan — CEO tells all

Psychedelic retreats: what really goes on?

South Carolina's medical marijuana bill prohibits smoking, limiting economic growth of industry

ONE FOR THE ROAD

Canada's Vape Market Skyrockets As Weed Industry Titans Cash In

Briefly: Pablo Zuanic, senior analyst at Zuanic & Associates, delves into Canada's cannabis vape market in a new report.

So Basically: The Canadian vape market witnessed a year-over-year reshuffling among top companies, driven by their responsiveness to consumer demands such as larger 510 cartridge formats, disposables, closed-loop systems, and live resin cartridges.

So Then: The report also sheds light on pricing dynamics, where the average vape price per gram equivalent fell to $8.65 in Q4 2023, a 9% decrease from the previous year.

So What? Zuanic sees a diverse and growing market driven by evolving consumer preferences and regulatory shifts.

What Next: Read the full report here.

KEEP READING

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