In other words, the higher the THC content is of a product, the more taxes it will bear. This decision was made for easier compliance by manufacturers of cannabis oils, though the taxes will be applicable to both recreational and medicinal cannabis. Currently, the excise tax for cannabis oils and dried cannabis flower, which were legalized last October 2018 for recreational use, is capped at 10% per gram or a gram-equivalent; translating to $1 a gram whichever is more.
Another major area to watch are stock prices for cannabis companies that are already publicly traded in the US and Canada. This last piece of safety legislation could also open up the door for mutual funds, ETFs, and private funds to buy large swaths of cannabis company stock and put them in their portfolios. This could lead to a run up in cannabis stock prices that we have yet to see in any previous cannabis stock bubble.
The findings are significant because for the elderly who have a health problem and qualify for state medical cannabis, they found a 4.8% reduction in pain levels, but a 6.6% spike among those who reported excellent or good health. Additionally, the researchers discovered that there was a 7.3% increase in those who work full-time and have a medical marijuana card.
While it’s not as simple as taking acid and curing depression, there is something about the psychedelic state that creates the opportunity for significant growth. When one enters into a psychedelic state, one feels a sense of connection with the universe. Immediately, trivial concepts of the ego melt away. No longer does race or religion matter.
Walgreens Boots Alliance says that they will start selling CBD-infused creams, sprays, and patches in 1,500 branches located in 9 states, as reported first by CNBC. These include Colorado, Oregon, New Mexico, Kentucky, Indiana, Vermont, South Carolina, and Tennessee. However, they haven’t clarified which CBD brands will be making it on their shelves.
If you haven’t been following the recent line of credit issued to Medmen, Alex Berenson wrote a great piece covering it for CNBC here. Some of the challenges facing the company based on their burn rate, asset sales, and overall competition from legal and black-market suppliers, most notably in California, could spell trouble for the company. Berenson, reports on the “credit card like deal”, as I will call it, that Medmen made with Gotham Green partners. Some of the highlights, lowlights if you are a shareholder, include the following:
For those that are new to the domain game and URL brokerage system, Google values “exact match domains” as part of their algorithmic ranking system. What is an exact match domain? An exact match domain is a domain that has the main keyword you are looking and then followed by the extension ending like .com, .net, org, etc. For example, cannabis.com and cannabis.net would be the two most valuable exact match domains for the word “cannabis”. The same can be applied to any field, not just cannabis, so “icetea.com and icetea.net”, “shoes.com and shoes.net”, etc.
To get prepared, ideally you should have had a few weeks in advance to get some good seeds and grow them. It’s also good to have an idea of the climate that you live in, because different strains require different conditions. Sativa-dominant strains need a longer flowering period and give you less yield, which means that they are ideal for growers who have the benefit of living in areas with longer growing seasons.
CBD can not only help adults with anxiety and epilepsy, but it can also help kids as well. We also know that CBD is safe for adults to take without worry of side effects, and the same applies for kids. Even the World Health Organization (WHO) says that there are no adverse health risks found in kid who use CBD.
If you are not familiar with the explosive job growth going on in the cannabis space, you can check out our cannabis job board here and see that jobs are getting posted weekly. Those are jobs that are almost exclusively in marijuana legal states, so image the posting when the Federal law is changed. Early estimates have the cannabis industry creating about 250,000 jobs in the US right now and over 1 million jobs will be created when the Federal law is changed.
The New York Times conducted an analysis of federal data, which revealed eye-opening results: in the United States, around 25 million adults have been taking antidepressants for a minimum of 2 years, which represents an alarming 60% increase since the 2010 data.
Cannabis.net sat down with cannabis start-up Wax Liquidizer today to find out how they make the magic happen of turning any cannabis concentrates into liquid for vaping or THC juice. How does a few drops of Wax Liquidizer great THC vape juice for you vape pen and can i it work with all types of concentrates? Let's find out...
John Boehner recently entered the news cycle once more. He sat on a panel at SXSW on his cannabis ventures, however received some protest from the crowd. One of the loudest organized protests came from the Equity First Alliance who focused on the fact that “wealthy white men in suits” were profiting from the cannabis industry, when people of color are still disproportionately incarcerated or barred from entry.
However, it isn’t just as easy as taking a cannabis diet pill that will ensure the CB1R receptor is always depressed. That’s because the CB1R also has other important functions in the body including regulating the GABA, a neurotransmitter that mitigates anxiety. This is one reason why many obesity pills in the market that work by downregulating the CB1R often causes severe side effects such as depressive disorder and anxiety.
Initially this sounds like any potheads paradise. 60 dollar pounds? Excess numbering in the 7-digit figures? It’s not as great as it seems though. There are many side effects that the states boom has produced and as great as it may sound to snag a 1 dollar pre-roll from an overstocked dispensary, the devil’s in the details.
Romania wants to catch up to the pace of other European nations when it comes to the legalization of cannabis. Now, the government is discussing the possibility of doing so for medicinal purposes. I also discussed yesterday with the minister of health. And I learned that there is such a committee set up to analyze and evaluate the option of legalizing of cannabis use for medicinal purposes,” Romania’s finance minister Eugen Teodorovici told local news outlet Digi24.
Cannabis dispensaries and other retail businesses require the help of a budtender, who act as the first point of contact for recreational and medical customers who walk into the front door. Budtenders are the face of a cannabis business; their work is essential in consulting with patients to help them make the right decisions when it comes to purchasing pot for their specific needs.
I recently read a Forbes Article that spoke about “Cannabis Piracy” which prompted me to write this article. In essence, there are many brands within the cannabis space that are running into copycats. People who take their products, rebrand them and sell them as their own. Considering that the cannabis market is still fairly immature, the fact that ‘bad players’ will try to take advantage of other people’s work…is very prominent.
California-based Medterra, a CBD brand, is also going to be selling their products in Curaleaf. Medterra is among the first CBD company to sell in CVS; they will be selling a topical cooling balm that is made from CBD as well as other ingredients. Medterra’s hemp-based CBD products come from hemp cultivated in Kentucky. They also make gel caps, isolates, and tinctures.
YouTube, or we should say Google, has turned their AI program back on their YouTube platform in order to get rid of any videos that could compromise their community standard rules. This is not the first time YouTube has gone after online villains where cannabis-based channels and videos have been caught in the crossfire. Let’s cover this subject in some basic questions.
Davis Wright Tremaine LLP, the sole plaintiff, asserts that citizens have the right to understand the rules and know how it will be implemented. They also say that various points of entry are operating under various rules. “CBP’s refusal to produce documents responsive to the FOIA requests has hampered the firm’s ability to participate as an informed citizen and to adequately represent its clients,” write McKay and Morley. The firm has clients involved in the cannabis industry in both Canada and the United States.
I’m not saying that cannabis-friendly establishments will generate that much, however, they will add a significant margin to the sale of cannabis. If it’s even remotely similar to the bars and taverns statistics, we could expect anywhere between a $10 billion - $20 billion per year market, that still hasn’t formed.
If you think that keeping cannabis illegal would make it more difficult for kids to get a hold of it, you’re sorely mistaken. Just about anyone can find drugs if they wanted to, though it’s much more dangerous to keep cannabis in the black market because you never actually really know what goes into it.
What this means is that as cannabis companies, it’s important to understand how to change the way you present your story. People don’t buy statistics, they buy stories. While the cannabis industry was mostly poised to service the “counter-culture” during prohibition, the acceptance of marijuana on a wider-scale, means that the marketing has to adapt as well.
The General Society Survey poll, one of the most respected and trusted in the country when it comes to monitoring support for legal cannabis since 1973, has revealed that a record-breaking 61% of the US population now believes cannabis should be made legal. The General Society Survey asks its participants if they believe cannabis should be made legal, although they don’t specify if they believe it should be legalized for medical or recreational use.
More importantly, before trying to tell people that cannabis use is linked to psychosis, researchers need to determine first who already is prone to psychosis or who has a problem, prior to their cannabis consumption. When you look at things this way, then people who have a greater risk for psychosis can be identified beforehand. The government can then use this information to craft public health campaigns that would educate those at risk, reducing the occurrence of cannabis-related psychotic episodes.
What’s it all about? The Roach Challenge is a test of endurance, and it gets more complicated the further along you go. The challenge was invented by people who had way too much time on their hands, and a significant stash. However, this could be done over the course of a year and would still be valid.
