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Reports on the MMPR Medical Cannabis Market

Dried Cannabis Listing Summary – 11/17/17

Market Reports

CannStandard tracks cannabis related listings in the Canadian medical and recreational cannabis markets.

Below is a summary of dried cannabis listings from three different sections of the market: licensed producers in the ACMPR, online dispensaries and storefront dispensaries.

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Data shown was taken on November 17 2017. Only listings for single gram were included in this summary, bulk pricing was omitted. Storefront dispensary category contains pre-roll listings. Edibles, concentrates, drinks and all other derivatives were omitted.

ACMPR Dried Cannabis Listing Summary – 08/17/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production and testing method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

There were 210 available dried cannabis selections from 24 producers available August 17 2017. Up from 205 when this summary was performed on August 8th and up from the 133 selections available from this time last year (August 2016).

Canna Farms has announced lower prices across their menu but their varieties have remained the same. Their average price per gram has dropped from $8.77 to $7.54 (Aug 10 to Aug 17 2017). Medicinal prices have dropped $0.73 per 100mg THC (on average, Aug 10 to Aug 17 2017) from THC varieties, and $1.37 for 100 CBD from CBD varieties (for CannaBliss, Aug 10 to Aug 17 2017).

Recently, Emblem has raised prices across their menu. Their average price per gram has increased from $7.89 across 9 varieties (July 20 2017) of dried cannabis to $10.37 across 15 varieties (August 17 2017). This equates to an increase of $1.29 per 100mg THC (on average, July 20 to Aug 17 2017) from THC varieties and $1.22 per 100mg of either CBD/THC from 1:1 varieties (on average, July 20 (Aqua Flora, Aqua Flora Clear and Zen’s Garden) to August 17 2017 (Aqua Flora and Zen’s Garden)).

Emblem has also recently released a high CBD variety, Cherry Hill, (0.6%THC, 17.8% CBD), offering 100mg of CBD for $5.61, $0.91 below average for 100mg of CBD from a CBD variety.

Hydropothecary has added another high CBD variety to their menu (Honeydew, 1.8%THC, 18.5%CBD) which offers 100mg of CBD for $5.41, which is $1.12 below the average price for 100mg of CBD from a CBD variety.

Emerald has added a high CBD variety called Island Mist (0.4%THC, 15.9%CBD) which offers 100mg of CBD for $7.86, $1.33 above the average price for 100mg of CBD from a CBD variety.

The average THC% for the 168 THC varieties of dried cannabis in this summary is 17.47%. Eight of the nine THC varieties at Peace Naturals currently feature above 20% THC. Also notable for high THC potency, Tilray has an average THC% of 21.5% for this summary, they makes the list twice for the top 5 varieties with the highest THC.

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ACMPR Dried Cannabis – CBD Variety Listing Highlight – 08/10/2017

Market Reports

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Since our last dried cannabis summary (August 8 2017), there have been 5 additional listings to the total number of selections under the ACMPR (210 selections total).

Varieties of dried cannabis with negligible levels of THC and high levels of CBD (<0.3 THC:CBD) are relatively rare in the ACMPR (typically ~4% of all availability) and are offered by 7-8 providers (depending on availability). A new addition to these CBD varieties has been released since our last summary, to make a total of 9 providers offering a CBD only variety. These varieties are especially important to medical patients, so we wanted to highlight the new addition, and all producers that carry CBD varieties in dried cannabis form.

In alphabetical order, the producers currently offering CBD varieties are; Aphria, Aurora, Canada’s Island Garden, CannaFarms, CanniMed, CannTrust, Emblem, Hydropothecary and MedReleaf. For now, each producer carries one CBD variety.

We have shown price for 100 mg of CBD from each producer below. We want to note that Emblem’s CBD variety is the new addition to the ACMPR and offer our congratulations to them; our data shows their offering is currently the lowest price for 100mg of CBD currently available ($5.62). The quarterly low for this metric was established by Aphria ($5.29/100mgCBD, June 2017).

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CannStandard logs publicly available listing information for cannabis. We have shown publicly available CBD potency values for each licensed producer below. There are three items we want to note.

Hydropothecary’s CBD selection is a decarboxylated milled blend while the other providers’ products are carboxylated, which makes Hydropothecary’s potency look comparatively lower but this is not actually the case. Before decarboxylation was performed, we estimate the potency of Hydropothecary’s CBD selection was ~15% CBD (~$8.23 per 100mg CBD).

Aurora reports rounded numbers on their public side, the in-store potency listed for their CBD selection is 13.7% CBD.

MedReleaf reports ranges for their potency, we have shown the maximum of the range.

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ACMPR Dried Cannabis Listing Summary – 08/08/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

In August 2016 there were 133 available dried cannabis selections from the 19 licensed producers with sales licenses. One year later, there are 205 available dried cannabis selections from the 24 producers selling cannabis to patients. The average per gram price of dried cannabis has increased from $8.93 to $9.59 over the same period (Aug 2016 to Aug 2017).

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ACMPR Cannabis Capsule Listing Summary – 07/21/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed cannabis capsules to understand how these prices change over time.

We initially wanted to include cannabis capsules with cannabis oils because the method of ingestion is the same. Our goal was to compare the medical concentrations of the liquid inside capsules, just like we do cannabis oils. Cannabis capsules are also often available in oil form, we wanted to use this method to determine the price premium when choosing capsules over the oil. But for this method we need to know the volume of oil inside each cannabis capsule.

We called around to the LPs offering capsules asking the volume of each capsule and found that only one provider was confident in knowing the volume of their capsules (MedReleaf, 0.20mL-0.25mL, average 0.225mL). Tweed’s Soft Gels come in different volumes depending on the variety, customer service thought their capsules might be as large as 1mL (a bit larger than the volume of a 00 capsule). Tweed offered to follow up with the information. Tilray offers one size of capsule, customer service was not sure on the size of the capsules but also offered to follow up with me.

After the calls, we decided it might be better to create a separate category for capsules. Although, we can still compare the price for cannabinoids across oils and capsules.

There are only 6 listings from 3 producers in this category, so we can talk about each producer individually.

MedReleaf

MedReleaf had 3 listings in this category: 2 are THC variety oils with 5mg THC per capsule. Their remaining offering is Tikun Olam’s Midnight in capsule form with 2mg THC and 3mg CBD per capsule. The capsules from MedReleaf range from $0.66 to $0.83 per capsule.

Tilray

Tilray had 2 listings in this category: a THC variety with 2.5mg THC per capsule and a 1:1 variety, with 2.5mg THC and 2.5mg CBD per capsule. Both capsules from Tilray were priced at $0.70 each, regardless of medicinal content.

Tweed

Tweed had 1 listing for THC variety capsule. The content of each capsule is 2.5mg THC with a negligible amount of CBD (0.07mg), each capsule costs $0.75 each.

Prices for THC in capsule form were found to be higher than average oil prices. On average, 10mg of THC from capsules was priced 98% higher than the average price of 10mg THC from cannabis oils ($2.38/10mg from capsules versus $1.20/10mg from cannabis oils). However, when looking at MedReleaf’s capsules, we see only a 11% increase over the market average for 10mg THC from a cannabis oil ($1.33/10mg from capsules versus $1.20/10mg from cannabis oils). Furthermore, there is only a 3% increase in price by buying MedReleaf’s capsules over their oils ($1.33/10mg in capsules versus $1.29/10mg from cannabis oils).

Price for cannabinoids in a 1:1 capsule were found to have less of a price increase. On average 10mg of either THC or CBD from capsules was priced 26% higher than the average price for either cannabinoid from a 1:1 oil.

Keep in mind, the sample sizes for the cases above are small, we expect these values to fluctuate greatly as more capsules become available. We look forward to adding more listings to this category as more producers begin to offer their oils in capsule form.

 

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ACMPR Cannabis Oil Listing Summary – 07/21/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed cannabis oils to understand how these prices change over time.

Previously, we included the capsules from MedReleaf in our cannabis oil summaries. Now that more producers are carrying capsules we will break those out into a separate infographic; capsules were not included in this current summary.

There were 57 varieties of cannabis oils from 12 producers listed as available when the data for this summary was taken. On average, each producer with oils available had 4.75 selections to choose from. Four producers did not have oils available when the data for this summary was taken, including these producers lowers the average to 3.5 selections for each LP with a sales license for cannabis oil.

Aphria’s Champlain oil offered the lowest price per 10mg THC of all THC cannabis oils ($0.85 for the indica variety and $0.89 for the sativa variety). There were four THC cannabis oil varieties available priced under $1/10mg THC: two were available from Aphria, one was available at CannTrust and one was a topical from Whistler (Tangerine Dream Topical Oil).

CannTrust’s CBD Drops offered the lowest price per 10mg CBD of all the CBD cannabis oils ($0.90). There was only one cannabis oil variety priced under $1/10mg CBD and it’s available at CannTrust.

For 1:1 cannabis oils, the lowest cost came from CannTrust’s 1:1 Drops ($0.90). Aphria and Tweed also have 1:1 oils priced below the $1/10mg mark.

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ACMPR Dried Cannabis Listing Summary – 07/20/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

There were 191 listings for dried cannabis flowers and milled blends in the ACMPR when the data for this summary was taken. The average selection per producer was 8.17 dried cannabis listings.

A notable addition to the listing summary this week was Whistler’s CBG Shiatsu Kush featuring a mid level of THC (6.9%), low CBD (0.0%) and a higher level of CBG (4.63%). Cannabigerol is a precursor cannabinoid for both CBD and THC. CBG is non-intoxicating and there is some evidence to suggest CBG is more effective in treating neuropathic pain (than CBD).

Shake and blends continued to be the lowest cost products for THC. Cannafarms’ Shake product offered the lowest price for THC market wide. Other value offerings were MedReleaf’s Trimmings, both of Aphria’s Grower Blends, Lighthouse from Organigram, the Supreme Formula at CannTrust and the Blueberry Cheesecake at Organigram. MedReleaf’s Cognitiva showed good value for flower product. Also great value were the Cannafarm’s Pink Kush and Girl Scout Cookies varieties. In fact, looking at top ten listings with the lowest price for THC, Cannafarms has 3 entries on the list- more than any other producer.

The 1:13 from CanniMed was the lowest price for CBD ($5.92 per 100mg) in the ACMPR followed by the Cannatonic variety from Aurora ($6.00/100mg).

RedeCan’s Shark Shock CBD continued to be the lowest cost for varieties with 1:1 cannabinoid ratios. Other value priced listings in this category are CanniMed’s 9:9 and the Warlock CBD from Tilray.

 

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ACMPR Dried Cannabis Listing Summary – 07/11/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

Notable additions to the listing summary this week are Delta-9 Biotech’s Manitoba HighDro, Afghani Kush and Master Kush. Delta-9 has also released a second variant of their Super Lemon Haze with a THC content of 26.6%.

Cannafarms’ Shake product offers the lowest price for THC. Other value offerings are MedReleaf’s Trimmings, Aphria’s Grower Blend, the Supreme Formula at CannTrust and the Blueberry Cheesecake at Organigram. There are also some notable premium varieties priced aggressively, Tweed’s Headband and Cannafarms GSC show good value for the THC content.

The Treasure Island from Aphria represents the lowest cost of CBD for CBD types, followed by the 1:13 from CanniMed and the Cannatonic variety from Aurora.

RedeCan’s Shark Shock CBD is the lowest cost for varieties with 1:1 cannabinoid ratios. Other value priced listings in this category are CannTrust’s Supreme Formula 1:1, CanniMed’s 9:9 and the Dancehall from Peace Naturals.

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ACMPR Dried Cannabis Listing Summary – 07/07/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

Notable additions to the listing summary this week are Canada’s Island Garden’s first CBD type offering, Painkiller XL. Hydropothecary has a limited edition Passion Fruit priced below their average price per gram.

Cannafarms’ Shake product offers the lowest price for THC. Other value offerings are MedReleaf’s Trimmings, Aphria’s Grower Blend, the Supreme Formula at CannTrust and the Blueberry Cheesecake at Organigram. There are also some notable premium varieties priced aggressively, Tweed’s Headband and Cannafarms GSC show good value for the THC content.

The Treasure Island from Aphria represents the lowest cost of CBD for CBD types, followed by the 1:13 from CanniMed and the Cannatonic variety from Aurora.

RedeCan’s Shark Shock CBD is the lowest cost for varieties with 1:1 cannabinoid ratios. Other value priced listings in this category are CannTrust’s Supreme Formula 1:1, CanniMed’s 9:9 and the Dancehall from Peace Naturals.

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ACMPR Dried Cannabis Listing Summary – 06/30/2017

Market Reports

Cannabinoid content and the price of medical cannabis in Canada vary with licensed producer, location of production, and production method. We track cannabinoid content and pricing data for all listed dried cannabis flowers and milled blends to understand how these prices change over time.

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