CannaInvestor Magazine Editor-in-Chief Louis Kyron joins James West in the Midas Letter studio to talk about the Canadian Medical Association’s recent declaration that it expects “the existing medical use framework to be dismantled, phased out, once legalization stats on October 17.” The pair address the impact on patients transitioning from medical teams, licensed producers, and special strains, to relying on retailers for information and guidance. Kyron discusses the growing body of research supporting cannabis as an alternative treatment to opiates. They examine cannabis taxation and what that means for the black market. The segment concludes with a discussion of cannabis brewing companies to watch.
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Transcript:
James West: Hey, welcome back to Midas Letter Live. My guest in this segment is Louis Kyron; he is the Editor-in-Chief of CannaInvestor Magazine, which you can find online at cannainvestormag.ca. Louis, thanks for joining me today.
Louis Kyron: Thank you, James. Pleasure to be here.
James West: Yeah, so Louis, there’s some issues with the whole idea of the entire Federal medical regime that you seem to believe represent some level of risk to patients and/or, I guess, by extension, investors. Can you give me a bit of an explanation of what you’re sort of fishing for there?
Louis Kyron: Certainly, James. There’s a whole bunch of, obviously, smaller challenges that we read about, whether it’s the taxes being on medical cannabis, lack of benefits coverage, the black market threat, availability, and we can go on and on. I would say recently, the Canadian Medical Association has come out and declared – it’s on their website as well – that they expect the existing medical use framework to be dismantled, phased out, once legalization starts on October 17th.
I just don’t see, from a patient point of view, how patients are expected to transition from their medical team and licensed producers to get special strains, especially high CBD, for example, to a dispensary network, you know, relying on retailers, if you will, for that same information.
From an investor perspective of course, is we’ve all been led to believe the markup, the margins, to be more on the medical side, and there’s a bit more branding there as well. I mean, strains and so forth. And what would happen to those strains and all of that if it’s strictly recreational?
So I see a number of concerns, and you know, tho