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Cannabis in the Time of Coronavirus: What You Need to Do

Stacey Wellington

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Cannabis in the Time of Coronavirus, Covid-19

These days, almost everyone has become increasingly aware of the novel coronavirus known as COVID-19. With the growing concern over the disease, it comes as no surprise that many individuals and industries are taking precautions against the virus. Obviously, people aren’t immune to the virus, which is why states and local government units have enacted certain measures to prevent the further spread of the coronavirus.

Despite undertaking the aforementioned steps, it seems that the disease has evolved into a global pandemic. As its reach continues to grow, the seemingly impenetrable cannabis industry has started to become affected. From the loss of suppliers for cannabis products to cancelling cannabis-centric events, the industry is taking a huge loss as each day passes.

Although medical marijuana and CBD oil are recognized for its healing properties and medical benefits, the recent outbreak poses challenges not only to researchers and responders in the medical field but also to those in the cannabis industry. In fact, there are still little to no studies conducted on the effectivity of CBD products in battling COVID-19. Still, it cannot be denied that there are a few things already known about the relationship of cannabis and one’s general health and wellness, so there’s sure to be a number of medicinal benefits that can both prevent and cure symptoms that may bear similarities to the novel coronavirus.

If you find yourself worrying about your business or your trusted dispensary, as well as the gatherings you have with your friends, here are a few things worth reading about to give you more information.

Cannabis Products and Businesses Amid the Covid-19 Outbreak

Over the past few years, more and more nations and areas in the United States have opened its doors to the wonders of cannabis. This shows the industry’s willingness to embrace not only change and the economic boost that comes with it, but also to cater to a wider range of businesses and people coming from all walks of life. In the past year alone, there have been numerous states in the U.S. who have legalized and decriminalized marijuana, and other countries today are slowly looking into changing their laws regarding the drug.

Cannabis businesses and dispensaries, especially those that offer a variety of strains, CBD oil products, and even cannabidiol skin care are particularly popular. Even those that offer CBD vape kits as part of their line have experienced a high rate of success. The same goes for firms that ventured into health and wellness – with a particular focus on CBD oil what it can do for the body.

However, the recent coronavirus outbreak proves that even the strongest and most-demand industries today are not safe. Having started in China, the virus has affected countless companies and manufacturers in China alone – most of which hold partnerships and professional relations with cannabis-based businesses in the United States, Canada, and other parts of the globe. Cannabis corporations have seen their stock markets and individuals components suffer from this. With the disease far from being addressed, the field could struggle further.

According to The Motley Fool, shares from companies such as Canopy Growth and Curaleaf Holdings have significantly declined in the past month alone. Apart from these corporations struggling to keep their business afloat, there also concerns from the vaping sector, most of which source their CBD vape kits and parts from China, such as vaporizers and other essential items. Other firms are also worried about their packaging and specialty equipment, particularly those that come from China as well.

In spite of these concerns, The Hollywood Reporter states that there are some firms who have managed to turn the pandemic around and work the current landscape. Case in point: Calexo, Caliva, Lowell Farms, NUG, and Sweet Flower are very much enjoying the boost in business in the Los Angeles area. Since the start of the outbreak, these aforementioned companies experienced a rise in customer demand. With the tension running high, people from Los Angeles are also stocking up on their dose of CBD products and other marijuana goodies.

NUG saw approximately 1,000 customers on a weekday, while Lowell Farms have sold a number of pre-rolls. Delivery services Caliva also enjoyed a similar experience, with the company reporting “record-breaking sales over the past two weeks.” The owners chalk this bulk-buying to the anxiety and stress-relieving properties that cannabis has.

Tips and Tricks for Navigating the Current Landscape

As you may already know, CBD oil products and cannabis generally have a relaxing effect for users, which is why many turn to this in such troubling times. With many countries and cities on lockdown and city-wide quarantines, cannabis enthusiasts may do well evaluate their current routines, and we’re not just talking about smoking and consuming CBD edibles. Of course, frequent handwashing and avoiding crowds are still best, no matter how many medicinal properties the drug might bring.

If you are wondering how to enjoy your favorite cannabis products without compromising your health and others’ condition, here are some steps you should definitely observe.

  • Stop Sharing Paraphernalia

Since COVID-19 is more than just the flu, taking extra measures to prevent its spread is no doubt essential. Frequent marijuana smokers and cannabis enthusiasts may know the drill all too well. Apart from paying closer attention to everyone health and coughing patterns, the most sensible thing to do from the very start is to shop sharing paraphernalia.

In cannabis culture, sharing CBD vaping kits or even joints are the norm, especially when it’s with a big group. Known as the puff-and-pass, this custom is widely regarded in the community primarily because it brings a sense of unity and oneness within the group, as well as promotes further socialization. However, now that the virus is still very much prevalent, one of the precautions that enthusiasts like you can take is to stop passing joints and vapes around and instead, focus on building and using your own supply.

  • Practice Social Distancing and Take Note of Cancelled Events

Now that the virus is fast spreading into different nations and areas, social distancing is being widely advocated for by health professionals. And rightly so since this allows individuals to prevent exacerbating the disease and furthering its reach through contact.

Because of the recent outbreak, you may have noticed that numerous cannabis-related events and conferences have been canceled. As a matter of fact, if this global pandemic continues to escalate over time, you can expect 4/20 to be canceled as well. Festivals, concerts, and other mass gatherings are being canceled or postponed at a later date, and while this may totally ruin the vibe, know that the government is only looking after the citizens’ best interests. Although you may be tempted to still continue going to parties, know that the chances of you acquiring the disease also increase every time you come in contact with other people.

In the event, you cannot avoid meeting other like-minded individuals, make sure not to make physical contact with others. Greeting and talking with them from a distance, say one to three meters, may already be fine. However, don’t shake hands to avoid contaminating your goods or even spreading bacteria.

  • Wash Your Hands

Sick or not sick, washing your hands properly should be one thing you’re always doing. According to the Centers for Disease Control and Prevention (CDC), washing your hands is one of the most effective ways of preventing the transmission of germs and diseases to other people. At the same time, this practice also allows you to stop getting sick. Since our hands are touching a variety of surfaces that may be ridden with the virus, the best thing to do is by frequent handwashing.

Frequent Handwashing, Covif-19, Corona

The only downside that comes with frequent handwashing is dry and flaky skin. To remedy this, using a gentle cleaning soap or even bar will certainly help. So, if you are looking for a CBD oil-based soap, look no further than the Cannuka CBD Cleansing Body Bar. Made with coconut, grapefruit, and sunflower oils, this is guaranteed to provide hydration while keeping your hands squeaky clean.

  • Boost Your Immune System with CBD Products

Cannabidiol is known to boost the immune system thanks to its anti-inflammatory properties, so it can definitely help reduce inflammation in your system. Since CBD oil works well and binds with the endocannabinoid system of the body, it can be effectively absorbed by the body’s receptors. One of the most exciting ways to consume cannabidiol is through a full-spectrum CBD oil. You can add this to your morning coffee or simply down it own its own.

  • Other Reminders

If you are in pain and experiencing some symptoms similar to coronavirus, don’t panic. If you have not been in touch with other individuals or no travel history, this may just be the flu. Try to observe your symptoms and treat it and supplement your healing with some trusted CBD products, such a CBD oil or even some CBD gummies.

However, if you already have the virus or you are simply finding yourself coughing and sneezing every so often, it’s best to steer clear of smoking marijuana. While cannabis is regarded for its pain-relieving and anti-inflammatory properties, bringing in more smoke down your throat may only trigger further symptoms, thus prolonging your illness.

The Bottom Line

COVID-19 has taken the world by storm. However, with the following guidelines and information above, surrounding cannabis, you’ll hopefully come out of this outbreak unscathed and more alive than ever before. These are guaranteed to help you navigate the landscape between cannabis and coronavirus.

What do you think of these tips?

Cannabis Legalization

Washington State Legislators OKs Cannabis Social Equity Bill

Jordan Webber

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Washington’s cannabis industry is poised to welcome diversity among licensees after state legislators approved a bill last week that would introduce the state’s first Marijuana Social Equity Program. The measure, named House Bill 2870 (HB 2870), now awaits on Gov. Jay Inslee’s desk for final approval.

If signed into law, the bill will enable the Liquor and Cannabis Board (LCB) to issue forfeited, canceled and revoked retail licenses to applicants that are members of communities excessively impacted by the War on Drugs.

As written in the bill, the measure’s main objective is to benefit “individuals who have been arrested or incarcerated due to drug laws, and those who have resided in areas of high poverty, suffer long-lasting adverse consequences, including impacts to employment, business ownership, housing, health, and long term financial well-being.”

The program is set to last for eight years, spanning from December 1, 2020 to July 1, 2028, and will cost applicants a total of $1,480 for new social equity licenses.

Prior to the approval, The House originally passed an earlier version of the bill in February this year, with the intention to address racial inequity within the cannabis industry.

Democratic Rep. Eric Pettigrew, the one who sponsored the bill, described the road towards the final bill as a long yet worthwhile struggle.

“I had a chance to meet with some proponents and opponents a little more … and really came to understand that this is beyond the issue of licenses,” Pettigrew said. “This is potentially a different distribution of wealth as we move forward in this industry.”

He, along with the help of stakeholders including Paula Sardinas of the Commission on African American Affairs drafted the proposal.

“We believe we need an LCB that is more reflective of the community it serves,” she said. “It should also have a culture that mirrors the Department of Financial Institutions where education, compliance, and training are priorities along with enforcement,” Sardinas commented.

In 2012, Washington became the first U.S. state to legalized recreational use of marijuana. However, eight years after, the state’s cannabis industry is still struggling with diversity. In a report from the Washington State Commission on African American Affairs, less than 1% of the state’s over 500 recreational cannabis licenses were owned by African Americans.

“Initiative 502 missed an opportunity to incorporate a focus on social equity,” said Rick Garza, the director of the LCB, at the time the bill made its way through the legislature. “The history of cannabis prohibition shows abundant evidence there was disproportionate harm in communities of color, and that those harmful effects remain with us today.”

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Cannabis News

Cannabis Firms Experience Boost in Sales Amid Covid-19 Panic

Daniel King

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Cannabis Firms Experience Boost in Sales Amid Covid-19 Panic

As the World Health Organization (WHO) declared the novel coronavirus called COVID-19 a pandemic, cannabis firms in the United States have experienced an exponential boost in profits as users increase their stocks. Stockpiling cannabis supplies amid the coronavirus pandemic comes as news of a prolonged self-quarantine threatens the country.

A number of marijuana dispensaries and cannabis businesses in different states have reported an increase in buyers and orders as the pandemic plagues the country, including Los Angeles-based NUG and Massachusetts-based firm New England Treatment Access (NETA).

In a statement to The Hollywood Reporter, head of sales for NUG, Steve Lilak said the reason why individuals are stockpiling is that they “are in scarcity mode. The streets are emptier, but specific businesses like grocery stores and dispensaries are seeing more people than usual – and people are stocking and purchasing in bulk. I’ve seen regular customers buying three or four of what they normally buy in just one of in L.A. dispensaries.”

Covid-19, Cannabis Sales, Marijuana

Increase of Stockpile for Impending Covid-19 Quarantine

Apart from corralling goods in a case of quarantine, individuals may be increasing their cannabis stash primarily because these offer calming effects to its users, remarks a Lowell Farms representative to The Hollywood Reporter.

Meanwhile, patients such as Mary K. Murray feel that they can better manage their pain and conditions with the help of marijuana, thus stockpiling the drug rather than waiting for her monthly prescription medication, reports WGBH.

Other cannabis firms who have a reported increase in sales include Caliva and Calexo. According to The Hollywood Reporter, Caliva is a delivery-based firm in California, while Calexo dabbles in sparkling cannabis drinks.

The same sentiments are echoed by Brookline’s New England Treatment Access, which has seen a boost in its number of buyers. However, in keeping with the national and community guidelines in place, the NETA will only accommodate customers who place and reserve their orders in advance, notes WGBH.

Cannabis businesses are also urged by the International Chamber of Commerce (ICC) to practice remote work, avoid travel, as well keeping records of transactions. Moreover, the ICC, in partnership with the New England Complex Systems Institute (NECSI) also highlighted alternatives such as a utilizing a pick-up and drop-off service, home deliveries, or drive-by services to reduce contact time with buyers, thus preventing further spread of the disease.

NETA’s practices fall in line with the guidelines posted by healthcare providers and industry professionals to practice social distancing as well as sanitizing and disinfecting places of business. Employees are equipped with disinfectants and latex glove, and the dispensary is disinfected every night.

Despite the boost in cannabis sales, industry experts believe the pandemic could potentially derail the development in the industry. Businesses, investments, as well as stocks, could see a change in their portfolio’s as the disease continues to spread, states Forbes.

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Cannabis News

California Cannabis Taxes Hit Over $1 Billion

Jordan Webber

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California Cannabis Taxes Hit Over $1 Billion

More than two years since the industry kicked into gear in 2018, commercial cannabis sales in California has already scored more than $1 billion in taxes as of February 2020, the California Department of Tax and Fee Administration (CDTFA) revealed last week.

As indicated in the figures released, cannabis tax revenues have totaled to $1.03 billion, with $498.1 million extracted from cannabis excise taxes, $123.4 million from cultivation taxes, and $403.1 million from state sales tax.

Most of the money, aside from covering regulatory costs, has been used to finance a variety of state-sponsored programs, including cannabis research, public safety grants, childcare for low-income families, and environmental clean-ups due to illegal cannabis grow, the official explained.

While the high record suggests a celebration for industry insiders and advocates, many were still concerned over the sluggish growth of California’s legal cannabis industry, especially with the ongoing competition between the legal industry and the thriving underground cannabis market.

“It’s an industry that was supposed to be huge, going gangbusters with the green rush,” said Zachary Pitts, the chief executive of the Ganja Goddess delivery service and president of the California Cannabis Delivery Alliance. “It has been growing, but it’s not nearly where I think people were expecting it to be.”

In 2016, California voters approved the legalization of recreational cannabis and state officials projected around $1 billion a year in taxes once the legal industry matures. However, two years since the industry launched, growth has been found to be lower than expected.

As presented by the California Department of Tax and Fee Administration, growth in the industry in the fourth quarter of last year only scored about $2.6 million increase or 1.5%, a record that has been marked to be the smallest quarter-to-quarter gain in tax revenue since the market launched in 2018.

To date, under the current state law, those who engage in the legal cannabis market are to pay a 15% excise tax, a cultivation tax based on weight, and state sales tax. Cities and counties have also been allowed to tack on their own taxes, which can hit as high as 20%.

Jerred Kiloh, President of the United Cannabis Business Association, the premier cannabis retail association in California, said lowering those taxes could help advance the growth of the legal market, especially in competing against underground operators. California was able to seize a total of $1.5b worth of illegal marijuana in the past few months.

“Somewhere along the supply chain, we need to lower the cost of doing business,” Kiloh commented.

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