Business
Small selection of legal edible cannabis products now available in B.C. – CTV News
VANCOUVER —
Two days after they could’ve started selling them, the BC Liquor Distribution Branch now has cannabis edibles for sale on its direct-to-consumer website in addition to retail stores that must buy from the government middleman.
Two types of chocolate, a soft-bake chocolate chip cookie, mints and a vape pen are now available out of the 260 individual products BCLDB has registered for sale through its own website and retail stores, as well as to wholesale customers selling through a handful of approved cannabis stores in the province.
“The newest cannabis 2.0 products, including edibles, extracts, and topicals, will be added to this collection regularly,” reads the edibles section.
The supplier for all five products available through BCLDB is Aurora, based out of Alberta. A five-serving package of sea salt and caramel milk chocolates sells for $7.99, with 1.7-2.3 mg of THC in each piece. The chocolate chip cookies each have 4.2-5.8mg of THC, with a two-cookie package selling for $11.99.
Edible cannabis products, like chocolates, gummies, candies, THC-infused beverages, vape pens and topical creams and lotions have been slow to come to market across the country, with much of the delay attributed to requirements from Health Canada. Producers were able to apply for approval to sell them on Oct. 17, one year after dried cannabis products were legalized for sale.
The BCLDB has overseen the rollout of recreational cannabis and a spokesperson told CTV News earlier this week that producers were having challenges making products that are shelf stable, or don’t require refrigeration.
Customers in Ontario, Quebec and Alberta have already been warned they won’t see any edible products until at least mid-January, as they’re subject to a separate set of provincial regulations.
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.
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