cbd oil for seniors

Cannabis trends: CBD oil for seniors, pot that won’t make you hungry, and more

Production manager Shawn McDougall shows the cannabis oil after being extracted from the cannabis plants at Blissco Cannabis Corp. in Langley, B.C. Tuesday, Oct. 9, 2018. THE CANADIAN PRESS Jonathan Hayward

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The future of cannabis consumption may not involve the cannabis plant at all.

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“Years from now, most of the [major cannabis producers] aren’t going to grow a single plant,” Boris Jordan, founder of investment firm Measure 8 Venture Partners, said Tuesday at the GMP Securities 2019 Global Cannabis Conference in Toronto.

Jordan and other industry-watchers expect that demand for edibles, vapes, oils and other non-leaf cannabis products will eventually overtake the more traditional form of the drug.

Data backs them up. Flower-based products made up 66.1 per cent of the Colorado market in 2014 and only 54.1 per cent of the market in 2017, according to Miles Light, a University of Colorado economist with the Marijuana Policy Group.

Edibles saw a small increase in market share over that time period, but the bulk of the benefit went to vapes, oils and other cannabis concentrates. Light predicted that the flower-based share of the market in Colorado will eventually fall to 30 per cent.

“The heavy users, the connoisseurs, they will be demanding easy-to-store and easier-use products,” he said.

The other major factor affecting the Colorado market in recent years has been a steep decline in prices. Products from cannabis plants, which once cost about US$15 per gram, are now down to approximately US$5 per gram, while prices for concentrates have been cut in half.

From 2014 to 2017, the average price of one dose of cannabis in any form in Colorado fell from US$4.50 to US$1.90. Wholesale prices have been hit even harder.

SENIORS PREFER CANNABIS OIL

CBD oil has seen an explosion in popularity in places where cannabis has been legalized. Jason Wild, president of JW Asset Management, noted that beauty salons in Florida are starting to stock CBD products in their display cases. Even his 75-year-old mother has recently started using it to treat knee pain.

“I like to joke that CBD is the gateway drug,” he said.

“It brings people into cannabinoid-based products [who] would not try THC.”

Indeed, cannabis oil products also seem to be a hit with Canadian seniors who might not otherwise try the drug at all.

While specific national data on purchasing habits is nearly impossible to come by, Matei Olaru thinks he has a bit of a handle on the market. He’s the CEO of Lift & Co. Corp., which operates a website where people have submitted tens of thousands of reviews of legal-in-Canada cannabis products.

According to Olaru, 92 per cent of the site’s reviews are for flower-based products, while only eight per cent are reviews of oil-based products.

Seniors buck the trend, though, with 53 per cent of reviews from people aged 65 and older being for oil products.

“Who would have thought seniors are more likely to show a preference toward oil? We’re starting to see an early indication of this,” Olaru said.

New consumers of any age are also more likely to use CBD as a gateway to other cannabis products, which Olaru said may be because of its low THC content. More serious cannabis users are more likely to want high THC levels at lower prices.

SEARCHING FOR SYNTHETICS

Most experts speaking at the conference agreed that attempts to produce a stable, synthetic form of cannabis could be a major game-changer for the entire industry.

Jordan said synthetic cannabis would bring some of the world’s largest consumer goods companies into the cannabis game, because it would allow them to guarantee a consistent product — something which they are unable to do with plants.

“I wouldn’t be surprised if there’s very few cannabis companies in 10 years,” he said.

Wild sees things a little differently. He agrees that the consistency synthesis can bring will lead to more people being willing to try the drug, but says many current users won’t want to change their habits.

“A lot of people are going to want to consume hard, dried flower,” he said.

“A lot of those people are sort of anti-pharma, and they don’t want to buy a product that is synthetic.”

Jordan, though, sees historical precedent for consumer adoption of synthetic cannabis.

“Aspirin used to be a tree, and then Bayer came out and synthesized aspirin,” he said.

CANADIAN CANNABIS TRENDS

Other trends from Olaru’s data include older consumers being more willing to purchase a variety of different products, women being more likely than men to purchase more expensive cannabis products, and the youngest cannabis consumers being more likely to purchase some of the least expensive products on the market.

He also noted that no one company has been able to stake out a dominant position in the Canadian cannabis retail marketplace, with 10 brands each accounting for about 3 per cent of the total reviews on Lift’s site.

“The entire market is very fragmented,” he said.

Where Olaru sees fragmentation, Sebastien St-Louis sees opportunity. As CEO of cannabis producer Hexo Corp., he said he wants to develop strains of the drug that have specific effects — maybe suppressing a user’s appetite, or maybe giving them a high that wears off quickly, allowing people to consume cannabis at lunch and return to work sober.

“Is it THC? Is it CBD?” Doesn’t matter. It’s about effect,” he said.

“These are all things we can do with 160-plus actives in this plant, and they’re all things we can do on the basis of this technology that we’re building.”

Hexo is working with Molson Coors to produce cannabis-infused beverages, and St-Louis foresees Fortune 500-level companies in the food, cosmetics and tobacco industries striking up similar partnerships with cannabis producers.

Brady’s Senior Formula Oil

In honor of Brady, promote long-term health and wellness in senior dogs 6+ years old. Our Senior blend promotes long-term health with botanicals selected to aid cognition, eye health, immunity, and circulation. Also available as a chew.

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The Perfect Dosage

how much should I give my pet?

Every pet has different needs when it comes to CBD. Factors like your pet’s weight, metabolism, and situation all inform how much CBD will help your pet.

Some experimentation to find the right serving size for your pet is normal.

Our recommendation? Start with 2mg of CBD per 10lbs of dog weight.

You should expect to see your pet responding to CBD within 30 – 45 minutes.

Every oil is coupled with medical-grade calibrated droppers for precise measurement and consistency of dosing.

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I never met a dog that didn’t make me smile and warm my heart. We are passionate about pet care and each of our products was created for one of the special dogs in my life and named accordingly.

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not all CBD is created equal

Austin and Kat takes a holistic approach to hemp extraction. We never use ultra-processed hemp oils as it uses harmful chemicals to remove all antioxidants except CBD. In the hemp plant you can find other antioxidants, besides CBD, such as CBG, CBN and another group called terpenes. Antioxidants work to remove free radicals which are stress-inducing toxins that damage organs and cause inflammation. Terpenes work alongside cannabinoids to remove free radicals and enhance the calming effects. Together, these naturally occurring cannabinoids help balance the stress of daily life and promote homeostasis.

We’re proud to partner with Treehouse, the first NASC certified hemp extractor. Known for their clean hemp extraction technology that avoids all dangerous chemicals Treehouse’s premium hemp extracts preserve the plant’s powerful inherent array of cannabinoids at consistent and reliable levels.

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55 is the new 35, only 35 never came with discounts like this. We’re excited to offer a premium discount to our senior citizen customers. If you are 55 or older, we encourage you to sign up for our lifelong 15 percent discount on all our premium CBD products. CBD may promote a more active and positive lifestyle to keep you healthy and balanced.

To redeem your CBD senior discount, simply fill out the form to the right. If you have questions about our CBD Gummies, CBD Oil and other premium CBD products, contact customer service at 1-800-589-9098 or Contact Us. You can also check out our helpful CBD Blog, which has many informative articles you may find useful, such as What Do CBD Gummies Do?