Canada cannabis-related company, US authorities recommend electronic cigarette recommendations

[Toronto 29th Reuters]-US authorities recommend that consumers should avoid electronic tobacco products containing marijuana active ingredients in Canada, as cannabis-related products will be legalized next month However, it is likely to hurt domestic cannabis companies. These companies expect high-margin cannabis-related products to contribute to profitability.

The US Centers for Disease Control (CDC) announced on the 26th that there were 805 cases of lung disease that were confirmed or likely to be related to electronic cigarettes. It was suggested that tetrahydrocannabinol (THC), which is a component of cannabis that brings a feeling of uplifting, is highly likely to act.

Canadian cannabis-related companies invest large amounts of cannabis-related products, including electronic tobacco products. Under such circumstances, the announcement of the CDC made the appearance of increased health concerns. For this reason, each company expects the safety of its products to be guaranteed by strict Canadian regulations while looking at US trends.

Horizons Marijuana Life Sciences Index ETF (listed investment trust) <HMMJ.TO> has fallen 54% since the highs on October 16, last year, the day before adult entertainment marijuana was legalized.

Stonecastle Investment Management portfolio manager Bruce Campbell said that concerns over electronic tobacco products have recently pushed down cannabis stocks and will continue to squeeze stock prices.

Health Canada has pointed out that it will take into account the health risks associated with cannabis aspiration for the regulations that will be enforced on October 17 via email. He added that he was monitoring the situation and taking additional action if necessary.