17-Nov-2020 | Market Research Store
The U.S. has been warning its locals to avoid vaping any of the marijuana active ingredient-based products. On the contrary, Canada is all set to legalize marijuana production, distribution, and consumption across the entire nation. This US-based information reported could be a setback for Canadian cannabis firmsthatwanttheir businesses to propel through trading higher-margin products.According to the Centers for Disease Control and Prevention(CDC),approximately 805 vaping-associated respiratory disease cases were observedduring the investigation. In the majority of the cases, the vaping itemscontained THCwhich is a psychoactive element in cannabis and is probably associated to the illness.
The increasing health issueswere noted during the time the share prices of the Canadian cannabis firms began to show an over unsatisfactoryquality, poor sales, and declining supply.Despite Canada pouringin millions of dollars in their marijuana derivative businesses, there still isn’t any boom.While cautiously eyeing theU.S. developments, Canadian firms are hoping that Canada-implementedstringent regulations will certify their product safety.From the time,earlierto the legalization of recreational use of marijuana and its derivatives in Canada (October 16, 2018), the Horizons Marijuana Life Sciences (HMMJ) Index has jumpedby 54%.According to a portfolio manager at a cannabis-associated investment firm, the vaping concerns would hamper the marijuana market and probably lead to a declinein the shares.
On a related note, New York also banned the use of flavored e-cigarettes after an immediate ban order wasdeclared by the State Democratic governor. Following which an urgent meeting was held by Governor Andrew Cuomo to talk over the new plan of the immediate ban with the committee Public Health and Health Planning Council(PHHPC). The governor then decided to inflict immediate orders as the concerns over e-cigarette usage among teenagers was seen to be surging.Cuomo’s office released a statement confirming that the panel had supportively decided to release an order for banning all flavored e-cigarettes & methanol-comprising vapingitems from the market.
Market Research Store published a report on global vaping market. The report covered all the data associated with the market growth stratgies, industrial policies, size, revenue, share, opportunities & challenges, and latest technological advancements.