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Reports on the MMPR Medical Cannabis Market

ACMPR Dried Cannabis – 1/11/17

Market Reports

 

block_1Cannabinoid 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 available dried cannabis flowers and milled blends to understand how these prices change over time, and to highlight offerings with the best value.

block_2The data for this summary was taken January 11th 2017 (Delta 9 figures January 10 current). Publicly available information on producer websites and newsletters was logged for all available dried cannabis flower and blends in the ACMPR. THC and CBD content and non-compassionate price were logged for each strain and, in the cases where ranges of cannabinoids were given, midpoint averages were used. For the producers offering volume discounts, we’ve used the cost for the smallest size available. In cases where the same strains were offered by two different providers, and for strains that were available in whole flower and blended form, data was logged for each instance.

 

All flower and blended dried cannabis offerings were categorized according to cannabinoid content. Offerings with ratios of 1.4+ THC:CBD were considered THC offerings. Those with 1.4-0.3 THC:CBD were considered 1:1 offerings, while the remainder (<0.3 THC:CBD) were considered CBD offerings.

block_3There were 161 blends and flowers available from the 21 Licensed Producers in the ACMPR, up from 155 offerings from December 16 2016. The average number of selections per producer is 7 —  no change from last month. Most producers carried at least 5 THC offerings, some doubled this average (Hydropothecary and Whistler) while others had one (Aurora, Mettrum) or none (Tweed). Five percent of strains had significant amounts of CBD and negligible amounts of CBD, offered from a third of the producers (Aphria, Aurora, Bedrocan, CanniMed, Canntrust, Hydropothecary, MedReleaf and Tweed). On average, each producer carried a 1:1 strain with significant amounts of THC and CBD, while some had as high as 3 choices (AB Cann, Canna Farms, Hydropothecary, MariCann and Tweed).

 

Hydropothecary has several new offerings included in the scan this week. Notably, they offer a decarboxylated cannabis product that has been milled and prepared for oral consumption via the provided capsules.

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Of the 161 currently available offerings, 123 of them (76%) contained significant amounts of THC to CBD. As noted above, 8 of the 161 (5.0%) were found to have significant amounts of CBD with negligible amounts of CBD. The remaining 19% were found to be 1:1 offerings with comparable cannabinoid content.

 

The average price per gram for a gram of cannabis in the ACMPR was found to be $9.09, up $0.07 from our December 16 2016 scan.
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Looking at price with respect to cannabinoid content, the average prices for 100mg of THC rose slightly from $5.42 to $5.72. Per producer, prices ranged from $3.45 to $9.50 per 100 mg, with Redecan, Aurora and Bedrocan showing lowest averages for 100mg of THC.

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This month, 24% of THC offerings (30 of the 123 offerings) claimed above 20% THC. The average THC content for THC offerings was 17%.

 

Prices are typically higher for CBD strains: the average price of 100mg of CBD was $7.44 this month, down from $8.14 last month. Average prices per producer ranged from $4.21 to $10.34, with Aurora and CanniMed being the lowest cost providers.

 

Cannabinoid prices from 1:1 offerings have also increased. For 100mg of THC/CBD from a 1:1 strain, the average price is $5.73, up from $5.47 last month. Producer averages ranged from $3.35 to $10.20, with Redecan showing the lowest average prices.

 

This summary tracks cannabinoid content and price from around the ACMPR. Much of the data presented here is shown as a summarized producer average comprised of several offerings. For strain specific information, as well as information on each producer, check out Lift and read the reviews in the review section.

 

CBD – 06/25/16

Market Reports

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THC – 06/25/16

Market Reports

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This report focuses on strains being sold under the Canadian MMPR with high quantities of THC and low quantities of CBD. Some strains will have levels of CBD considered to be higher (>3.5%) but are still categorized as THC facing strains for their high levels of THC.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

In our last report, we wanted to start by orienting ourselves with the logic behind selecting valuable cannabis, the metrics used to measure cannabis and their respective restrictions. This report looks at THC content and THC content with respect to price for all strains available in the MMPR. THC is one indicator of the value and potency for cannabis, however, it should be understood that cannabis potency as an function of THC% is greatly modified by the terpene composition of the strain, in a number of ways including tolerance, neurotransmitter activity and overall medicinal quality. For example, strain X with 20% THC  and a large amount of terpene Z will behave very differently than strain B with 20% THC and a large about of terpene C. Moreover, strain X1 with 30%THC and low levels of terpene Z could have comparatively lower medicinal qualities than strain X2 with 20%THC and a large amount of terpene Z.

Another disclaimer to mention here is the scientific equipment and methodology used to determine these values can be associated with large degrees of error. Because the data being used in this report comes from 18 different sources, each with their own unknown degree of error; inaccuracy is very likely. Particularly when we are comparing strains with comparable content (~5-10%THC). So when we look at the ‘top 11 strains’, it’s better to look at them collectively, not comparatively. A 25% OG Kush, a 21% Jack Herer and a 19% Bubba Kush will all behave very differently and will need to be investigated exclusively by each individual.

Also, it’s important to mention that purveyors of fine cannabis do not select on the basis of numerical THC content alone. In actual fact, THC % rarely factors in to the decision making process. Key individuals in the cannabis community have noted this and have brought it to our attention and, as we have historically selected cannabis based on the growth mechanism and by using our sense of scent, sight and touch (in that order), we tend to agree.

As patients, we must procure medical cannabis for ourselves over the internet or telephone. We are given pictures and a short description with THC%, CBD% and (sometimes) the true name of the cannabis strain. Terpene information is steadily coming and branding/marketing will become a larger factor soon. Right now, I tend to select based on my past experience/knowledge of each strain and percent content of THC/CBD. Once I find a reliable strain, I tend to include it in the rotation with other reliable strains.

There are two main drivers of this behaviour: crude grams are limited per month and medical cannabis is expensive. To fully take advantage of my limit, my attempt is to use the least amount of crude cannabis material with the highest medical content, so I tend to gravitate to higher THC strains and those I know work for me. I also factor in per gram pricing with respect to THC content. This is an erroneous methodology suitable only for purchasing online. If I were buying in-person, I would ask how it was grown and smell it before asking about THC%.

So to put this all into context, let’s pretend we’re going to play darts. We’re going to throw the darts through some hula-hoops that may stray the dart’s path; but we don’t get to know if that has happened or not. Also, we don’t even get to see where the darts land; someone from a profit driven company is going to tell us. And, there’s nobody on the other side that really cares exactly what the company guys tell us about the darts’ position. Oh and we’re all going to play for some money and, for some people, your health.

We stick to quantifiable metrics within definable markets. Our attempt is to analyze and process information in an accurate and transparent manner while highlighting all degrees of inconsistencies. This industry can only benefit from further transparency and accountability. We thank those who have questioned and contributed to us along that basis.

Let’s get into the market this week:

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Let’s look at all 127 strains graphed alphabetically:

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Below, we’re looking at the strains and blends with THC content. First, let’s talk about the restrictions associated with this list:

First, scientific methodology used for testing can have large degrees of error http://www.canorml.org/RingTestOShaughnessys_Aut11.pdf ; sometimes as high as 15%.

Secondly, some LPs use ranges of THC and some use static values. For example, MedReleaf uses ranges for their Eran Almog which we average at 27.5%. The maximum end of this range is 29% and the minimum is 26% THC. In fact, ranges are likely more true to the nature of the cannabis plant as buds have THC and terpene contents relative to their position on the plant; buds near the apical meristem are likely to have higher contents.

Thirdly, these strains are not comparable. Querkle and Super Lemon Haze aren’t comparable strains; they both do different things. Furthermore, Querkle grown in two different environments by two different people will be similar at best. This is largely related to their terpene content but can also be related to growing medium, lighting and shipping method. If you believe in the depth of craft like we do, we’d also say the love and pride put into each plant shows in the end product. So it’s important to do your own qualitative research using other sources; we like Lift.

www.liftcannabis.ca

 

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As mentioned above, all these strains are good. Actually there are 49 strains above 20% THC in the market right now and the majority are likely to have some facet that makes them unique and exceptional. If price is not a restriction for you, most strains above 20% THC are good bets from your respective provider.

Let’s look at the range in THC as a whole for all 127 strains and blends. Not a lot of movement has happened from this week over last week. The bookends of the market remain the same and the average has decreased 0.1% THC.

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Although the number of strains remained relatively consistent over last week, the average price per gram increased $0.04 over last week. This increase is non-consequential (>1%).

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We use the THC% for all strains and blends to calculate the price of 75 mg of THC from that particular strain. We like to look at THC in 75mg portions because it allows for rough price comparison and on average, this equates to ~300mg of  dried cannabis material. This is relevant to vaporizing or smoking whole flower cannabis but not to edibles.

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With a slight increase in per gram pricing and a similar decrease in price for 75mg THC, on average THC facing strains and blends in the market have slightly more THC for less price.

Let’s look at each licensed producer and average their offerings according to price for 75mg of THC. Minimum price is shown on the left and maximum price on the right with average values equidistant between the two.

Most LPs have economical options available under the $4 mark; just above the market average. Four LPs compete around the $1-2 range with their blends and less expensive strains. The bulk of the competitive market exists in the $2-3 range, just below market average.

Certain LPs such as Bedrocan, Aurora, Aphria and Peace Naturals have a relatively flat pricing structure with respect to THC content; their maximum and minimum prices do not deviate largely from their average prices. Other LPs like Cannafarms, MedReleaf and Maricann have large deviations from their pricing average, offering strains with both high and low prices (THC comparative). This trend is something to note but we’re not making any comparative assumption for the observation at this point nor do we feel it necessary to make one. Price for THC and actual medicinal value to the individual are very different so again, its important to do your own research from more than one source.

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Next, we’ll look at price for THC for the eleven strains with the lowest price for 75mg of THC. Let’s remind ourselves that this data is still associated with the large degrees of error we talked about earlier.

Bottoms by Cannafarms was available at the time the data was taken. It has since become unavailable but we’ve learned it is expected back soon. Comparatively speaking, it offers the best price for THC in the MMPR.

Broken Coast is a popular LP that produces boutique cannabis. We’ve seen it in person; it’s marvellous. Read the reviews on Lift. Both their indica and sativa are a great price for the amount of THC you get. They have whole flower on this list as well, their potent Super Lemon Haze is also a great value.

Headband is a wonderful sativa strain with some decent genetics. Maricann has a offering of the smaller ‘popcorn’ sized buds available for a very economical price.

As always, Bedrocan has their offerings that are always amongst the top for value. We calculate these prices based on their $5/gram pricing, they also offer compassionate pricing at $3/gram.

Querkle by Aurora returns this week at just below 28% THC. This cross of Mendocino Purps and Space Queen produces a nice indica hybrid experience.

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We think that access to a large distribution of terpene content is best; so we look at the number of offerings from each LP weekly as well.

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CBD – 6/18/16

Market Reports

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This report focuses on Cannabidiol (CBD). From a pool of 176 strains available in the MMPR this week, we identify 48 strains that contain more than 3.5% CBD. From there, we organize all strains by CBD content and list the 11 strains with the highest percentages of CBD. Keep in mind this is a relatively small sample size (48 strains) so when we speak in terms of the top 11, we are talking about the top 22% of strains.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

The scope of CBD strains is similar to last week. There are two more strains available this week over last week.

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We’ve added a second stage to our methodology for CBD strain analysis to account for the varying ratios of CBD and THC. During the first stage of analysis, we look for strains with high levels of CBD then we will look for strains with with the lowest prices for a comparable amount of CBD. THC content will be shown, but we will not bring THC content into the analysis in the first phase.

During the second phase, we’ll look at both CBD and THC to gain some insight on the ratio strains in the MMPR. Looking at the graph below, there is obviously a relationship between CBD and THC in cannabis strains in the MMPR. We’ll explore that relationship and it’s effect on price during this report.

For now, let’s look at THC% and CBD% for all 48 strains alphabetically.

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Most THC oriented cannabis strains are high in THC and very low in CBD (>1%). CBD oriented strains aren’t as simple; they often have medium amounts of both cannabinoids. To capture this relationship, its often easiest to think of CBD strains in terms of ratios of CBD to THC. Looking at the graph below sorted for CBD%, we can see how these ratios begin to form.

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Certain strains on the left of the graph have CBD percentages in multiple magnitudes of the THC. As we move to the middle of the graph, we find some strains with even levels of CBD and THC. On the far right we see a few strains having 2-3 times more THC than CBD.  Later on, we’ll look at how many strains fit into each of these ratio categories. Additionally, notice the troughs throughout the graph signifying strains with some CBD and low levels of THC; we’ll categorize these too.

For now, let’s look at the CBD content only for of each strain. CBD facing strains in the MMPR range from 18.6% CBD to 3.5% CBD, with an average of 9.11% CBD.

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Let’s look at the 11 strains with the highest CBD content within all 48 strains.

Aurora’s Cannatonic has held the top spot with 18.6% CBD for several weeks now. This strain also has about 2% THC; good for those looking for high levels of CBD and relatively low levels of THC.

CB Diesel by MariCann is also very attractive. For starters, it’s a diesel so it can be used during the day. It not only has a high CBD% but it also boasts an impressive 6.5% THC.

Avidekel is a sativa dominant hybrid and MedReleaf has an offering that has less than 1% THC and 15% CBD. This strain is noted for its anti-tremor properties.

Notable for the same reasons listed for CB Diesel above, CBD Kush by Tweed has 14.4%CBD and 9.4%THC. This CBD Kush strain is another rare strain in the MMPR offering large quantities of CBD along with nearly 10% THC. Tweed also has a low THC (0.6%) variety that appears on this list (TWD #3) with 13% CBD. Covering the whole spectrum, Tweed also has a CBD Medihaze on the list that is 1:4 with 4% THC and 11.7%CBD.

CBD God Bud by Mettrum also fits the qualifications of a high CBD and THC strain, it has 9% THC and 12% CBD making it a true 3:4 strain.

Cannabliss by Cannafarms is back to the market this week and appears within the top 5 of this list as well. It has nearly 14% CBD with less than 1% THC.

Last week we saw Shark Shock by RedeCan when we looked at price with respect to CBD. It also offers a larger amount of THC (7.1%) along with the 12% CBD for a lower price of $6.50 per gram.

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Let’s bring price into the picture; still looking at CBD only.

With the added two CBD facing strains in the MMPR this week, average prices have raised $0.03 per gram. As we said last week, with such a small sample size these types of fluctuations will continue until more strains are added. Twenty-eight of 48 strains (58%) are below the market average for per gram pricing this week.

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Let’s adjust the context away from per gram pricing to look at pricing for 75mg of CBD. Remember, we’re looking at CBD only; the relative amounts of THC contained in each strain are not included in the pricing calculation.

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Because we aren’t looking at THC, this perspective doesn’t capture the qualities of a strain with comparable THC and CBD levels. Strains at the maximum end of this range are likely to contain valuable THC that we’re ignoring. This perspective is mostly relevant to patients look for CBD only. For now, let’s look at the 11 strains with the lowest prices for CBD. We’ll also show you the mg of THC that comes along with the amount of crude cannabis required to achieve a 75mg potion of CBD and the per gram price for each strain.

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Let’s talk about the strains offering CBD and little THC first.

Aurora has a flat pricing structure, all of their strains are $8/gram. Their Cannatonic tops this list as it has the highest CBD % for strains in the MMPR and a per gram price below the market average.

Bedrolite by Bedrocan has 9% CBD and 1% THC. Bedrocan also has a flat pricing structure at $5/gram but because this strain has a lower CBD content, over 800 mg of crude cannabis is required to achieve 75mg of portion of CBD from this strain.

CanniMed sells their 1-13 strain for $7.70 per gram and is also one of the better deals in the MMPR for CBD only strains.

All other strains offer significant amounts of THC along with the CBD; it’s more useful to look at these strains using a methodology that quantifies THC along with CBD.

In a comparable amount of cannabis, amounts of THC and CBD vary significantly from strain to strain but we can begin to categorize these strains based on their ratio of THC to CBD.

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This methodology breaks the strains down into several categories.

Strains with little to no THC to CBD (1:10 and lower) are appropriate for patients looking for CBD only.

From there, levels of THC climb from 33% of CBD levels (1:3) to even THC and CBD (1:1).  Just over 77% of CBD strains (44) are included within the 6 categories spanning this range.

Four strains offer THC levels that will double and triple CBD levels (2:1, 3:1) that are perhaps more appropriate for patients looking for THC with a side portion of CBD.

Let’s step back and look at all 48 strains on a comparable level. Pretend we’re going to buy a preroll (~350mg) of each CBD strain in the MMPR, how much THC and CBD would each contain?mmpr-cbd-report_block_18

In this exercise, were looking at 350mg of cannabis from all 48 strains to see which ones will have the most THC and CBD. We’ve shown the pricing for the 350mg of cannabis but keep in mind we are looking for high levels of both cannabinoids, exclusive to price.

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In all the 350mg portions of cannabis, Tweed’s CBD Kush would have the most CBD and THC. It’s a 2:3 strain that offers 3 portions of CBD for every 2 portions of THC.

Offering slightly less THC and slightly more CBD, CB Diesel by MariCann is a 1:2 strain.

Offering even portions of THC and CBD is Midnight by MedReleaf. This strain is known to provide a relaxing experience beneficial for both stress and pain.

CBD God Bud by Mettrum and Midday Vault Reserve by Hydropothecary end up offering similar amounts of CBD and THC despite their difference in ratios (3:4 and 2:3, respective).

15-5 by Cannimed is a 3:1 strains which offers 3 portions of THC for every portion of CBD. A notable strain for those looking to incorporate some CBD with their THC.

Shark Shock by RedeCan and Good Morning by Hydropothecary offer similar levels of cannabinoids; both are 2:3 strains.

CBD Skunk Haze by Tweed is on the maximum end of what we would consider a 1:1 strain, 350mg of crude cannabis will offer just under 10mg more THC than CBD.

Let’s adjust the scope to look at price as well. Below we’ll look at the price range for those hypothetical pre-rolls each containing 350mg of cannabis from all 48 strains.

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Similar to before, we’re looking at CBD and THC but this time, we’re looking with respect to price. Let’s check the 11 CBD strains with the lowest cost for THC and CBD.

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Keep in mind, during the first stage of analysis, we looked at prices with respect to a comparable amount of CBD. Here, in the right column, we’ve shown price with respect to a comparable amount of crude cannabis; they are not comparable.

Bediol by Bedrocan is a 3:4 strain at 7% THC and 9%CBD. For those looking for both THC and CBD, this is most economical strain in the MMPR. The hypothetical preroll cost us $1.75 and included almost 50mg of THC and CBD.

Also offering above average cannabinoids for the price, a preroll of Shark Shock by RedeCan cost $2.28 and netted almost 70mg of CBD and THC.

The milled House Blend+CBD by Tilray offers almost even levels of THC and CBD; we considered it a 4:5. Four other strains fit within this category in the MMPR.

Canntrust’s Nebula CBD has a below average cost per gram and comparatively lower CBD and THC levels. This strain offers great value for those looking for a low cannabinoid strain.

We saw Sweet Skunk CBD by Tilray on the previous list. At $7.00/gram, it’s comparable to RedeCan’s Shark Shock for both potency and value.

Also on both lists is CBD Kush by Tweed, representing one of the best deals for more potent cannabinoids in the MMPR.

CanniMed’s 9-9 is a 1:1 strain presenting a good deal for a 1:1 strain right now. A 350mg portion of cannabis would cost $2.51 for this strain.

Offering slightly less cannabinoids for just over $2.00 per preroll is Nina by Peace Naturals. This is a 1:1 strain with THC and CBD under the 10% mark. At $6.00 per gram, this strain is right up there with some of the most economical cannabis available right now.

CB Diesel by MariCann is one of the most potent strains available from a CBD only perspective. It also have a hefty amount of THC to go along with it and presents a value proposition in the top 20% of the market.

Lastly, let’s look at variety of CBD strains from each LP.

mmpr-cbd-report_block_28Average offerings per LP have remained similar (~2.7) from week to week. Tweed has had the most selections week to week. LP’s providing average and above average selection are consistently providing above average selections.

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THC – 6/18/16

Market Reports

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This report focuses on strains being sold under the Canadian MMPR with high quantities of THC and low quantities of CBD.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

We wanted to preface this report by orienting ourselves with the logic behind selecting valuable cannabis, the metrics used to measure cannabis and their respective restrictions. This report looks at THC content and THC content with respect to price for all strains available in the MMPR. THC is one indicator of the value and potency for cannabis, however, it should be understood that cannabis potency as an function of THC% is greatly modified by the terpene composition of the strain, in a number of ways including tolerance, neurotransmitter activity and overall medicinal quality. For example, strain X with 20% THC  and a large amount of terpene Z will behave very differently than strain B with 20% THC and a large about of terpene C. Moreover, strain X1 with 30%THC and low levels of terpene Z could have comparatively lower medicinal qualities than strain X2 with 20%THC and a large amount of terpene Z.

Research is continually building on the subject of terpenes and our understanding of their relationship with THC and the endo-cannabinoid is growing. Information on terpenes and cannabis in generally is becoming available in wider forms from individual reviews to traditional clinical research. Here is a link http://www.marijuanalibrary.org/brain1.html to a Jon Gettman article gives a good foundational knowledge on THC and how it interacts with the brain. This article is continued at this link http://www.marijuanalibrary.org/brain2.html where subjects like potency, dosage and tolerance are discussed.

Back to cannabis available under the Canadian MMPR, it is difficult to qualify the medicinal properties of cannabis on the basis of THC alone. Also important to note, we’re looking at THC through window associated with several margins of error. On the first layer, methodology for potency testing varies wildly and allowable margins of error are large http://www.canorml.org/RingTestOShaughnessys_Aut11.pdf. On the second layer, CannStandard currently logs cannabis data from the public side of licensed producer websites; some LP data is not publicly available and data accuracy is expected to vary with the testing company used by each LP. Adding a 3rd layer of inaccuracy is terpene composition, LP information about terpene content is sporadic, often un-quanitified and not comparatively valuable at this point.

We eat our own cooking. These reports were born out of questions we had as MMPR patients and we are continually thinking of new ways of looking at cannabis and tracking the market. The industry and science surrounding cannabis is evolving rapidly. Because the history of modern cannabis use is rooted in prohibition, a large amount of disinformation is present amongst verifiable and unverifiable scientific information. We want to be cognizant about contributing to verifiable information and not to disinformation. All information in this report is publicly available and can be verified by readers of this report. The purpose of this report is to provide comparative information about current strains in the MMPR with respect to price and CBD/THC. It is important that the information presented here remains in the context of quantitative analysis through the window we described above.

Under the MMPR patients purchase cannabis by phone or over the internet, looking through an unclear window, unable to use natural senses to evaluate the strains. However, there are several resources out there that we can use to gain some insight on currently available medical cannabis. The reviews on Lift are, by far, the best resource for primary information about each of the strains available in the MMPR https://liftcannabis.ca/strains. While this report highlights market trends and quantitative outliers; valuable, qualitative information is housed on Lift for each strain, with pictures of most strains. Frankly, if there is a strain of interest discovered while reading this report, you would be wise to research the strain further on Lift and on the LP website. Strain information is also available on Leafly and dispensary websites but in our experience this information is less relevant to the MMPR.

Lastly, as we are discussing terpene composition as a function of THC composition, we would like to present this  information about trichomes to the readers of this report http://www.hightimes.com/read/anatomy-trichome and hypothesize that THC% and hypothesize that the magnitude of terpene production are positively correlated as they are both metabolized in secretory cells by similar enzymes and stored in similar areas of the trichome http://www.ncbi.nlm.nih.gov/pubmed/12872998. We will speak about this further in an upcoming infographic. For now, while THC composition alone doesn’t tell the complete story about medicinal value, we feel that cannabis achieving higher THC levels is worth investigating for terpene content.

With the above in mind, let’s move into the report for this week. There are just over 10% more strains being sold under the MMPR this week than last week. In terms of THC oriented strains, there were 16 more than last week totalling 128. When we look at the top 11, we’re really talking about the top 9% of strains in the MMPR so keep in mind we’re skipping by a lot of good strains. To put it into context, 40% of strains this week have a minimum of 20% THC; that makes over 50 strains currently available that are worth talking about that we don’t mention during the course of this report. Keep in mind we choose to refer to strains using their true name (where available), we see value in using the existing nomenclature to trace the genetic lineage of each strain.

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Below we’re looking at strains listed in alphabetical order and include THC% and CBD%. For this report, we look at strains that are THC oriented. Meaning, we remove strains with higher levels of CBD (>3.5%) and the ratio strains that have even or comparable levels of CBD and THC. From here, we’re going to look at the strains with the most THC.

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Aurora has a second offering of their ’91 K-OG Chemdawg that is of notable THC levels this week. Chemdawg is known for its diesel type undertones and is known to propel a more energetic experience. This particular OG Kush clone has infamous genetic lineage within the cannabis community and is known to be incredibly potent. Week to week, Aurora has continually occupied this position although there has been some notable comparable releases from producers like MedReleaf and Cannafarms.

A new notable sativa strain this week is Broken Coast’s attractive looking Super Lemon Haze at 28% THC. This strain is typically popular for energy and focus due to the large composition of limonene.

Pink Kush by Cannafarms is also on the list for the second week in a row. Pink Kush is known to be more representative of the indica end of the spectrum and is known to be high in linalool and other terpenes that can be calming.

Also new this week, Cannafarms is carrying a low cost strain ($4.00 per gram) they’re referring to as Bottoms that boasts over 25% THC. We’re not sure of the exact composition of the strain but it offers a high level of THC for a low pice. We’ll see it again when we look at price with respect to mg of THC.

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Let’s step back and look at the range in THC% for all 128 strains, last week average THC% was 18%. Average THC is up this week a half point to 18.5% with a change in a minimum THC% (down 1% over last week).

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Let’s look at per gram price of THC strains now. Last week, THC strains averaged $8.63 per gram. Average prices are down 2.3% this week, bringing the average price of one gram to $8.52. The minimum of the market also decreased this week from $3.50/gram to $2.50/gram. Per gram, the lowest cost strain this week is MedReleaf’s Trimmings product with 9.5% THC.

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Now we’ll change the scope to look at pricing for all strains in the context of 75mg of THC. Below, we’ve shown the 11 strains with the lowest prices for 75mg of THC. All strains on this list are priced 39% – 53% below the MMPR average (with respect to THC content). Per gram pricing is also shown on the right side, notice there is not one strain on this list priced higher than $8.00 per gram.

Whole flower on this list gets special note. UK Cheese by MedReleaf is a phenomenal deal at $5.00 and has many high quality reviews on Lift. At 23.5% THC, it will be quite strong. Cheese is known to be a good mix of indica and sativa traits that is both energetic and cerebrally comfortable.

Bedrocan’s strains always make this list as they sell strains ~20% THC for $5 a gram. Their whole flower Bedrocan strain is a derivation of Jack Herer. In our minds, it sets the benchmark for appropriately priced cannabis in the MMPR. They also have two other whole flower strains on this list by the way.

We saw Aurora’s ’91 K-OG strain when we looked at the strains with the highest THC percentages. We see it again here on this list below.

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To put these 11 strain in the context of price per 75 mg of THC from all 128 strains.

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We’ve seen that the average $ per 75 mg of THC right now is $3.61. Of the 128 strains in this summary, 72 are below this average. The range in THC content for these 72 strains of below average price is 9.5% to 28.6%. Meaning that strains with lower THC% aren’t necessarily strains with lower value with respect to per mg THC prices. Per gram price really matters. Of these 72 strains, average per gram price is actually $7.01 and the maximum is $12.00. Average price per 75mg of THC beings to increase slightly after the $9.50/gram mark and then in much larger magnitudes in the $12.50 – $15.00 ranges.

Moving along, let’s try to get an indication on value and look at the number of THC portion obtained from each of the 128 strains. There is a correlation between the amount of THC portions obtained and price per gram. On the graph below, we’ve shown the number of THC portions against per gram price for each strain. Notice the gradual increase in per gram price as the number of THC portions decrease. The strains making up the right side of the graph still likely offer medical value; but at a higher costs than other choices available in the market.

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If you read a bit of the Jon Gettman article at the beginning of this report, you know it’s better to choose from a wider variety of strains and a wider variety of terpenes. We summarized 128 strains in this report, in the graph below we’ve shown how many come from each LP.

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Cannabis Oil – 6/13/16

Market Reports

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This report focuses on Cannabis infused oils. Some producers have secured their licenses for both the production and sale of cannabis infused oils. Others have licenses for production only.

There are few cannabis oils available in the market currently (18) from producers Cannadarms, CanniMed, Mettrum, Peace Naturals, Tweed and Whistler. Oils are also available from Tilray but they had none available during the time the data was collected for this summary.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

 

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A small percentage cannabis oils offer CBD in larger quantities (>8mg/mL) and fewer offer oils with 1:1 or similar ratios. The vast majority of oils offer THC in varying concentrations. On average, the oils contain 16.3 mg of THC per millilitre and 3.42mg of CBD per millilitre.

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Let’s check for oils with high THC content. Of only 13 available THC oils, these are the 11 with the highest THC content. Producers often sell oils in multiple volumes with a small scaled discount; we’ve averaged those prices and shown them with respect to one mL of cannabis oil in the right-most column below.

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The strongest THC oil available right now is Zaius by Tweed; it also offers the lowest per mL price. Obviously, we’ll see it again when we look at price with respect to concentration.

Keep in mind this is a very small sample size (13). The MMPR average for THC cannabis oil concentration is 21.1mg; the top 6 oils on the above list beat the MMPR average. Only the top 3 are notable.

With that being said, Mettrum offers two oils with identical concentrations in sativa and indica varieties. Between preparing and writing this report, Mettrum has released a hybrid oil offering which we did not include in the analysis.

Below, we switch our focus away from potency to price. The State of Colorado has mandated that edibles are to be sold in 10mg THC increments. We’ve noticed a lot of dispensaries selling ‘rookie’ doses of edibles at 10mg of THC. Let’s look at cannabis infused oils available in the MMPR with respect to 10mg of decarboxylated, edible THC.

Also note, on the right we’ve shown the millilitres required to achieve 10mg of THC for each cannabis oil.

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Zaius is sold in 100mL portions that pack a 3000mg of THC per $185 bottle. It’s the best deal for THC oil right now. Edibles will often surpass inhalation in terms of effective dose over a long period of time, with that in mind, a 10 mg portion of THC from Zaius priced $0.60 is amongst the least expensive THC available in the MMPR right now. Also important to note, it’s potent; a 10mg dose comes from 0.3mL; 1mL will provide 33mg of THC. Hopefully Tweed provides an accurate dosage vessel with this product.

The MMPR average for 10mg of THC from cannabis oils is $1.32 right now. The ‘above average deals’ come from Tweed, Mettrum and Cannafarms this week.

There were 13 THC oils included in this summary and 12 were shown on this list. The 13th was Acapulco Gold by Whistler at $1.70 per 10mg THC portion.

The above list is represented graphically in the price range graphic below.

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Next we’ll assume we are spending $100 on each of the cannabis oils. Let’s look at how many 10mg THC portions we would receive from each of the oils.

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There are only 5 cannabis oils with higher concentrations of CBD available this week; two of them are ratio strains with comparable THC:CBD levels. With this in mind, let’s look at the range in CBD pricing from cannabis oils.

The lowest cost for CBD in the MMPR comes from Tweed’s production of Bedrocan’s Bedrolite ($1.10/10mg CBD).

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As mentioned above, producers sometimes offer these oils in multiple volumes and they give a discount on larger volumes. We’ve averaged prices for all cannabis oil offerings and shown those averages with respect to one millilitre of cannabis oil.

We saw that the lowest price per millilitre is Bedrolite by Tweed ($1.10/mL); a 100mL bottle costs $110. With respect to volume, the highest priced THC oil is Omega by Peace Naturals at $3.97/ml; a 30mL bottle costs $119.

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Lastly, let’s look at the producers offering cannabis oil. Whistler offers 8 seperate varieties of cannabis oil; well above the MMPR average of 3 offerings per LP. Of the 18 LPs we regularly investigate, six of them have cannabis oil and only 5 had oil available this week.

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CBD – 6/11/16

Market Reports

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This report focuses on Cannabidiol (CBD). From a pool of 150 strains available in the MMPR this week, we identify 46 strains that contain more than 3.5% CBD. From there, we organize all strains by CBD content and list the 11 strains with the highest percentages of CBD.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

Let’s look at the strains with the highest CBD content.

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Aurora’s version of Cannatonic tops the CBD content list at 18.6% CBD; it doubles the MMPR average for CBD this week (9.11%). At $8.00 a gram it presents a pretty decent value; we’ll see it again when we look at cost.

CB Diesel by MariCann, Avidekel by MedReleaf and CBD Kush by Tweed offer around 1.5x more CBD than the MMPR average.

The majority of strains on this list offer at least 1% THC as well. A small portion are 3:4 THC to CBD (Shark Shock, CBD Godbud, Midday Vault Reserve, CBD Kush).

Three of these strains offer below 1% THC (Avidekel, TWD Lot#3, 1-13) for those looking for a negligible amount of THC with their CBD.

Now let’s widen the scope to look at the entire 46 strains and the range in CBD content.

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Last week, the average CBD% for CBD strains available in the MMPR was 9.3%. This week the average is 9.11%; a 2.1% decrease over last week. The maximum and minimum CBD% remained the same as last week. There were 3 fewer CBD strains available in the MMPR this week which accounts for the change in average CBD%.

Now, we’ll look at cost of cannabidiol in the MMPR. First we take a look at the 11 strains with the least price for CBD and then we’ll look at CBD price for all 46 strains.

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Aurora’s Cannatonic appears at the top of this list as well as the CBD content list. Because of its high CBD content and below average per gram price, this strain presents the lowest cost for CBD in the MMPR currently.

Another notable is RedeCan’s Shark Shock. This has 12.3%CBD as well as 7.1%THC at $6.50 a gram. For those looking for both THC and CBD, this is one of the best deals available right now.

Slightly more expensive, offering around 25% more CBD and slightly less THC (than Shark Shock), CB Diesel by MariCann is also notable for value.

Rounding out the top 5 of this list are two Bedrocan CBD strains both offering ~9% THC. These strains from Bedrocan appear to be quite reliable for availability.

All strains on the above list are at least 39% below the current average cost for CBD ($7.84). Let’s take a look at the range below.

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We saw above that that minimum cost for CBD ($3.22/75mg CBD) comes from Aurora’s Cannatonic strain.

At the maximum end of this range ($20.38/75mg CBD) are strains with CBD percentages in the 3.5%-6% range. Representative of the lower end of potency, these strains require more crude cannabis to achieve a 75 milligrams of CBD.

The average price for 75mg of CBD increased 2% over last week to $7.84/75mg CBD.

Now that we’ve looked at price for a comparable amount of CBD, let’s look at the range in price per gram of crude cannabis for all 46 CBD strains.

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Nebula II CBD Private Release from Canntrust has the lowest price per gram for CBD strains in the MMPR. It’s a 2:3 strain offering 4% THC along with 5.6% CBD. A 75mg portion of CBD from this strain costs $4.69 and comes with 68mg of THC.

There are 3 other CBD strains being sold at or below the $5/gram price point in the MMPR. All 3 offer between 8%-9%CBD; two of them come from Bedrocan (Bediol and Bedrolite) and one from Tilray (Blend+CBD). Bediol and Blend+CBD also offer THC ~7%.

Last week, the average price per gram was $8.29 for CBD strains. Per gram prices have increased 1% to $8.39 for this week.

There are two prominent plateaus at the end of the CBD per gram pricing line diagram. The first plateau is created by 2 MedReleaf strains (Midnight and Avidekel) and 1 Aphria strain (Iroquois); all available at $12.50 per gram. Midnight by MedReleaf has 10.5%THC and 11%CBD; MedReleaf’s Avidekel ups the CBD to 15.5% and drops the THC to under 1%. Aphria’s offering at this price point offers 7%THC and 4.6% CBD.

The 3 CBD strains with the highest per gram pricing ($15.00 per gram) are produced by Hydropothecary.

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Finally, we’ll look at how many CBD strains each licensed producer offers.

Tweed offers the most CBD strains in the MMPR this week (6). They also offered 6 strains last week.

The average CBD strains per LP is 2.6; the majority of producers offer 2 or less CBD strains.

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THC – 6/11/16

Market Reports

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This report focuses on THC. From a pool of 150 strains available in the MMPR this week, we identify 112 strains that contain more than 10% THC. From there, we organize all strains by THC content and list the 11 strains with the highest percentages of THC.

We track and analyze metrics for medical cannabis available under the Canadian Marijuana for Medical Purposes Regulations. We primarily concentrate on collecting secondary quantitative information currently but look to expand our scope to other areas of analysis in the near future.

Although similarly high in THC content, these strains differ wildly in their price per gram. We’ll look at even comparison for THC price later on in this report.

For now, let’s focus on THC content alone. Aurora’s ’91 K-OG Chemdawg has the most THC content of any strain in the MMPR at 28.6%. Aurora has held this spot for 6 consecutive weeks; first with their LA Confidential and now with their ’91 K-OG Chemdawg. Their melon phenotype of ’91 K-OG occupies the second spot in the list. In terms of THC content, the strains available at Aurora continually rank above others in the MMPR.

Cannafarms’ Pink Kush rounds out the top 3 with notable THC content of 26.1%.

These 3 strains from Aurora and Cannafarms represent the top 2.5% of all strains in the MMPR for THC content. Coincidentally, they are all derived in some part from OG Kush genetics.

Just outside the top 3, we’ll look at Tweed’s new stronger offering of their  UK Cheese. This one boasts 25.9% THC which is almost double the content of their usual offering of UK Cheese.

MedReleaf has the most entries on the THC content list. They have 4 strains all with around 25% THC. Notable for those looking for a variety of high THC strains.

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Next, we’ll look at the range in THC% for the all 122 strains. THC ranges from 28% to 10% this week with a slightly lower average (18.0%) than last week’s (18.1%).

We saw that Aurora’s ’91 K-OG Chemdawg has the highest amount of THC of any strain in the MMPR. For those looking for lower amounts of THC, Cannafarms’ Rockstar has the lowest THC content in the MMPR at 10.1%

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Let’s turn the focus to cost now. We’re still looking at the same 112 strains of medical cannabis, but instead of looking for strains with the highest THC%, we’re selecting for strains with the lowest price for a comparable amount of THC (75mg). In a 300mg portion of crude cannabis, a strain with 25%THC will contain about 75mg of actual THC. Because of this, we like to look at THC price with respect to 75mg of THC.

MedReleaf occupies the top spot here with their version of UK Cheese. A 75mg portion of THC costs $1.60, which is the lowest price we’ve logged for THC in from a whole flower yet.

MariCann offers a Amnesia Haze Blend that is $0.02 more. This strain has just over 20% THC and is amongst the strongest blended products in the MMPR.

Bedrocan has continually performed well on this list. Their flat pricing structure and high THC strains make for a reliable provider of low priced THC.

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Let’s widen the scope again to look at these prices with respect to the range in THC price for the entire MMPR. All of the strains listed above are available at least a 39% discount over the market average for THC ($3.68).

Market average price for THC dropped 1.4% over last week’s average.

MedReleaf’s UK Cheese (23.5% THC) represents the minimum value on this chart at $1.60 per 75mg THC. Hydropothecary’s After Dinner (15.5% THC) strain is comparatively the most expensive strain in the MMPR at $7.26 for 75mg of THC.

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The price for a comparative amount of THC has decreased over last week and, not surprisingly, the average price per gram of medical cannabis in the MMPR has decreased along the same tangent (1.4%). On average, one gram of medical cannabis purchased in the MMPR this eek costs $8.63 (excluding shipping and tax); last week it was $8.75 per gram on average.

The strain with the lowest per gram pricing is Canntrust’s Original Cheese PR (11.4%THC) at $3.50 per gram.

On the high side of per gram pricing, 7 strains are being sold at $15.00 per gram. Four of these strains are produced by Hydropothecary and three are produced by MedReleaf.

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To gain insight on purchase value, let’s look at the range in the number of 75mg THC portions obtained from spending $100 on every strain of cannabis in the MMPR.

Strains with the lowest prices for THC occupy the top end of this list. UK Cheese by MedReleaf, Amnesia Haze by MariCann and Bedrocan by Bedrocan all offer great longevity.

Of the ten strains giving the most 75 mg THC portions from $100, half are blends. If we look at the 21 strains with the most 75mg THC portions from $100, we see that all of them are over 15%THC.

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Last we’ll look at the number of THC strains coming from each LP. The average here is just over 6 offerings per provider. Whistler has the most offerings this week with 12 strains available.

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