Canada racks up 400-tonne cannabis mountain after production bingeNZ Herald 25 November 2019Family First Comment: This is the supposed ‘success’ of legalisation….“Cannabis inventories came to almost 400 tonnes at the end of August, enough to cover two-and-a-half years of demand. Meanwhile the price of the drug has slumped as legal and illegal cannabis distributors grapple for market share. The stockpile suggests that one year after Canada became the first large economy to allow nationwide recreational use of cannabis, the industry has overestimated how much the country’s pot-smokers can burn through — and underestimated the illegal market’s ability to respond to competition.”Don’t do it, New Zealand.#saynopetodopeWarehouses in Canada are piled high with unsold marijuana after cannabis producers overestimated demand for the drug, which was legalised a year ago.Across the country, cannabis inventories came to almost 400 tonnes at the end of August, enough to cover two-and-a-half years of demand, according to the latest government data.Meanwhile the price of the drug has slumped as legal and illegal cannabis distributors grapple for market share.The stockpile suggests that one year after Canada became the first large economy to allow nationwide recreational use of cannabis, the industry has overestimated how much the country’s pot-smokers can burn through — and underestimated the illegal market’s ability to respond to competition.“There is a huge surplus of cannabis just for domestic demand,” said Matt Bottomley, analyst at Canaccord Genuity.Canopy Growth, a company listed in Toronto under the ticker WEED, said it harvested 40,570kg and wrote down C$15.9m ($12m) worth of inventory in the three months to the end of September.READ MORE: https://www.nzherald.co.nz/index.cfm?objectid=12288036&ref=twitterKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.
Close contacts of Patient No. 585 would be tested. As of yesterday, 40 residents have submitted specimens for testing. Mayor Elvira Alarcon said the lockdown covered 64 houses. The lockdown started on Monday, July 13, hours after the resident’s test result was released by the Department of Health (DOH) Region 6. Alarcon ordered policemen to guard the entrance and exit points of the housing project. ILOILO – The municipality of Batad locked down for five days a housing project after a resident tested positive for coronavirus disease 2019 (COVID-19). The patient was a farm worker. She had fever and cough on June 28. The local government unit (LGU) of Batad would provide the needs of the locked down families such as food and water, among others. The COVID-19-positive resident was a 56-year-old female (Patient No. 585) now confined at the Western Visayas Medical Center (WVMC) in Mandurriao, Iloilo City. The patient had herself checked by a doctor on June 30 at the Jesus Colmenares District Hospital in Balasan, Iloilo. She was diagnosed with community-acquire pneumonia (moderate risk). During the lockdown, said Alarcon, there would be contact tracing. On July 8 she insisted on going home despite having fever. The next day she consulted a private doctor. She had difficulty breathing and had allergy. She was eventually taken to WVMC where she was tested. “Wala man sia sang may ginkadtoan, sa uma man kag tapos sa baybay,” said Alarcon./PN