- Health conscious consumers favor cannabis oil extracts and edibles over smoking
- Recent survey shows 46% of Canadians would try cannabis-infused products
- Canadian cannabis oil extraction market expected to reach $1.7 billion by 2020
Algae Dynamics Corp (OTC: ADYNF) is uniquely positioned to benefit from the upcoming legalization of recreational marijuana in Canada by mid-2018. The company’s focus on developing proprietary research and products involving botanical oils derived from cannabis combines two important consumer demands – the well-known health benefits of cannabinoids and a smoke-free alternative to cannabis consumption.
Nearly half of Canadians (46%) polled in August 2017 by Dalhousie University researchers in Nova Scotia (http://cnw.fm/aAMj1) said they are interested in trying edible marijuana once recreational marijuana is legalized within the country. To clarify, medical marijuana has been legal in Canada since 2001, with some provisions, and the new law will only allow consumers to purchase dried marijuana and cannabis oil.
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