May 17, 2020

Is the Canadian medical marijuana industry becoming corrupted?

Medical Marijuana
Admin
2 min
Medical marijuana laws in Canada have created a $3.4 billion opportunity.
After months of unsuccessful attempts to obtain consensus from the Canadian Medical Cannabis Industry Association (CMCIA) to govern the medical cannabis...

After months of unsuccessful attempts to obtain consensus from the Canadian Medical Cannabis Industry Association (CMCIA) to govern the medical cannabis industry, Tilray (one of Canada’s leading licensed producers of medical marijuana) has ended its relationships with CMCIA and will instead spearhead the establishment of the Canadian Medical Cannabis Council (CMCC).

RELATED TOPIC: 3 stocks to watch in the US medical marijuana market

“We are tremendously disappointed to end our relationship with CMCIA but we have lost confidence in the association's ability to effectively define and enforce standards of behavior for our industry,” said Tilray CEO Greg Engel in an issued release.
As our sister brand Business Review Canada recently reported, the medical marijuana industry in Canada seems to have a touch of corruption.

The CEO of Nanaimo medical marijuana producer Tilray believes that due to a lack of regulation in the industry, doctors are being prompted to accept kickbacks from other producers when they refer patients or issue medical documents.

RELATED TOPIC: These professors believe marijuana can defeat antibiotic-resistant bacteria

“The practice of providing physicians with financial incentives for these activities not only represents a violation of the professional standards by which physicians must abide, but also brings the entire Marijuana for Medical Purposes Regulations (MMPR) regime its patients into disrepute,” the company stated.

It’s not surprising that if kickbacks prove to be happening and continue to take place that the entire industry goes up in smoke. Already believed by many to be an unnecessary and illegal practice, the last thing the medical marijuana industry needs is a scandal. And if one happens, many stand to suffer.

RELATED TOPIC: 3 problems doctors face when prescribing medical marijuana

From a financial point of view, executives could stand to suffer if laws aren’t being followed. Due to the nature of the business, it would appear that everyone in connection with the industry should start following the code of ethics before it’s too late. 

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Jun 17, 2021

Dexcom: changing the lives of people with type 1 diabetes

diabetes
glucosemonitoring
type1diabetes
insulin
3 min
British actress Nina Wadia OBE tells us how her son's life has changed since using glucose monitoring system Dexcom

It is estimated that 9.3% of adults around the world are living with type 1 diabetes, which amounts to a total of 463 million people. A further 1.1 million children and adolescents under the age of 20 are living with the condition. 

Unlike the more prevalent type 2 diabetes, where the body still produces insulin and symptoms develop slowly, people with type 1 diabetes need regular insulin injections or pumps, and must monitor their sugar levels frequently. 

In recent years a number of remote glucose monitoring systems have become available that patients can use at home. These work with a sensor, usually placed under the skin, that measures glucose levels every few minutes. This information is then transmitted wirelessly to a device like a smartphone or tablet, which can then be shared with their clinician. 

British actress Nina Wadia's son Aidan, 14, has type 1 diabetes, and has been managing his condition using Dexcom, a glucose monitoring system used by patients all over the world. Here Wadia explains how Dexcom has improved their lives. 

As a parent of someone with type 1 diabetes, what is your day-to-day life like?
Being able to take a breath, think and pivot constantly without getting frustrated becomes an essential mindset because sometimes it feels like each day is determined to be different from the day before. Whatever worked yesterday is going to misfire today. 

Which areas of yours and Aidan’s life are most impacted by diabetes? 
The one thing that you have to fight hard to reclaim is spontaneity, especially when it comes to food and exercise. It’s only when this is taken do you realise how essential each one is. You can be flexible and there are no real limits, but only in the sense that a great athlete can be flexible without limits because they’ve trained super hard to be that way. So we’ve all had to become athletes when it comes to being spontaneous.

How has Dexcom helped you and Aidan? 
Dexcom has brought future science fiction to real life today. The continuous glucose monitoring system is tiny, sits discreetly on his body and gives him a ten-day breather between sensor changes, so it's goodbye finger-pricking seven times daily. 

Dexcom is totally active at a grass roots level and for Diabetes Awareness has pledged to donate £2,000 if #DexcomDiabetesStories and/or #DexcomWarriorStories is shared 200 times! I’ll be sharing more on social media and would love to hear how other families are winning their fights.

Maybe most importantly Dexcom is trying to introduce a reimbursement programme for type 1 diabetes  patients which will give greater access to modern, life changing hi-tech. I want to spread the word on the importance of accessing it through this campaign. 

If you compared your life today with how it was before Aidan was using Dexcom, what has changed? 
It's always working, which lets him take his mind off diabetes for longer stretches. It also lets me get off his back. We both receive alerts so I no longer have to pester him by asking him what his number is, and especially importantly, I don’t have to wake him at night to prick his finger if I’m worried. Dexcom gave us back our sleep!

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