Connect with us

Cannabis Blogs

Cannabis in the Start of 2019: Latest News and Developments

Jordan Webber

Published

on

Cannabis Latest Development

This year is a new start for many people, but for the cannabis industry, 2019 is only a continuation of its success. From the last midterm election to recent policy developments, you don’t want to miss out on this trending cannabis-related news.

So, what’s new in the cannabis world? Check out these three significant developments:

Farm Bill Passed Congress

This past December 2018, the United States Congress and Senate voted on the fate of the five-year-old Farm Bill, a bill that will legalize the use of hemp (Cannabis sativa L.) among others. In view of the intensifying support for the herb, it is no surprise that it garnered 87-13 votes in the Senate and a whopping 369-47 votes in the Congress.

Analysts believe that this move can help elevate the lives of thousands of American farmers as hemp can potentially be cultivated and harvested. Keep in mind that this plant has applications in many sectors. This includes the textile, automobile, manufacturing and other similar industries.

The next phase for this bill is whether it will be passed into law by the US President.

Nine States Projected to Most Likely Legalize Cannabis

After the legalization of recreational marijuana in nine states (including Washington, D.C.), Americans are anticipating the same move in the remaining states. Well, good news because nine states leaders have expressed the intention to legalize the use of the plant. This includes Connecticut, Illinois, Minnesota, New Hampshire, New Jersey, New Mexico, New York, Rhode Island, and Vermont.

As of January 2019, medical marijuana is legal in thirty-three states. However, some leaders also expressed support for medical marijuana, particularly in states such as Kansas and Wisconsin.

Sales Will Skyrocket

With overwhelming support for cannabis, it is reasonable to anticipate an increase in sales. Research organization Deloitte backs up this projection by releasing their latest forecast. According to them, Canada’s market can reach $7.2 billion by 2019. Statists also anticipates a jump in worldwide spending from US 20.1 billion in 2018 to USD 24.4 billion in 2019.

With legalizations, new products and even innovative discoveries about this miracle plant, 2018 was a successful year. But it is only January, and the cannabis world has already received some good news. This 2019, you might want to strap in your seat belt because it looks like a successful ride for cannabis enthusiasts and businesses alike.

Continue Reading

Cannabis News

Cannabis Firms Experience Boost in Sales Amid Covid-19 Panic

Daniel King

Published

on

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.

Continue Reading

Cannabis News

California Cannabis Taxes Hit Over $1 Billion

Jordan Webber

Published

on

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.

Continue Reading

Benefits of Medical Marijuana

3 Excellent Sleep Benefits with Using CBD Oil

Stacey Wellington

Published

on

CBD Oil and Sleep Benefits

Happiness consists of getting enough sleep. Just that, nothing more.”

Robert A. Heinlein, U.S. Science-Fiction Author

 

We live in troubled times – for some people, stressful times.

Cities on total lockdown, regular social interactions that we have taken for granted all our lives are now frowned upon (and are even being legislated against), and governments constantly talk of “flattening the coronavirus curve of infection.” And if this curve isn’t flattened, we’ll lose thousands and thousands more.

The world has never seen anything like it, certainly not on such an all-encompassing global scale, and we used to think that it was the digital age and its social media that had suddenly made our world so much smaller.

There’s plenty to concern us all, and plenty you could seriously lose sleepover.

Maybe, 3 or 4 months ago, you were even then struggling to get a good night’s sleep – things on your mind, physical pain that’s hard to manage, or anxiety and stress over those things we realize are out of our control anyway. All of these issues can contribute to a disturbed night’s rest. We’ve just had another one added now.

And maybe, just maybe, this is all water off a duck’s back to you, all this death and illness potentially on your doorstep, and nothing can affect you from that sweet moment your head hits the pillow. Lights out. See you in the morning. If you are one of these kinds of people, count yourself lucky. Many people out there will be just plain jealous of you.

Whoever you are, and whatever you feel about what’s going on around you with the coronavirus pandemic, finding a natural way to relax, especially at night, is going to be of significant benefit. For many, an appreciated and much-needed benefit – one that could drastically improve their lives, and their outlook in these troubled times.

We’ve all been there. Getting yourself into bed at a reasonable time, possibly in preparation for a testing day to follow, only to simply lie there, staring blankly at the ceiling. Sleep seems a million miles away. And, to top it all, when it does come, it’s broken and unrestful. You surface the following day feeling more tired than when you hit the hay 8 hours ago.

If this sounds like a typical scenario, maybe a little lateral thinking is called for, and maybe the use of CBD oil for better sleep will be the difference your troubled mind is looking for.

Important: If you are currently taking any form of prescription medicine, it is vital that you first consult your family physician to guard against possible negative interactions between these and the CBD oil.

What is Cannabidiol (CBD)?

Cannabidiol (CBD) is one of the many cannabinoid substances found in cannabis. However, the substance itself doesn’t usually produce the “high” that cannabis smokers have long enjoyed. CBD medical studies have pointed with evidence to the fact it can be medically beneficial in treating certain neuropsychiatric disorders, such as anxiety, epilepsy, and even schizophrenia.

CBD Oil Sleep Benefits

CBD Oil and Sleep Benefits

The evidence found shows that CBD exerts a calming effect on a person’s central nervous system. It is for this very reason that new researchers have studied the effect of CBD on those will disturbed sleeping patterns.

#1. Enhanced, Deeper Sleep

Pharmacology researchers from the Department of BioMolecular Sciences at the University of Michigan specifically looked into CBD’s effect upon the daily physiological patterns of circadian rhythms in its clinical study.

Circadian rhythms are physical, mental, and behavioral changes that follow a daily cycle. Responding primarily to light and darkness in an organism’s environment, sleeping is a prime example of a circadian rhythm. Think of them as your biological clocks.

In this and other studies, CBD demonstrated a positive enhancement in subjects, with most of them reporting 7 hours of uninterrupted sleep. The ability to recall dreams significantly decreased, pointing to a far deeper sleep than normal, as dreams occur during the crucial REM stage of sleeping.

#2. Anti-Anxiety & Anti-Depressant Effects of CBD

As mentioned above, studies have found that CBD has a positive medical effect on those who suffer with anxiety – one of the biggest factors when it comes to disturbed sleeping. By calming the mind of the anxious person, overthinking at night is significantly reduced, and therefore enables sleep to come and, just as importantly, stay.

This calming response to the CBD also has another beneficial element – the less anxious you are, the better and clearer your cognitive thinking and rationalization skills, meaning you can resolve issues more adeptly and faster, and so allow for better sleep.

#3. Pain Management

CBD has been proven to both help rebuild brain cells and to improve the natural serotonin levels in trial subjects. Furthermore, it also affects anandamide levels and the brain’s opioid receptors. All of these are known to positively affect our perception and management of physical pain.

Many people are unable to sleep deeply and fully because they are, in some small way, easily affected by pain. With improved natural pain management, this becomes much less of an issue come lights out at night.

To recap, CBD has been proven to produce enhanced, deeper sleep, even for those who suffer from anxiety and physical pain. So, on that note, sweet dreams and sleep well.

Continue Reading
Advertisement cbd oil
Cannabis Firms Experience Boost in Sales Amid Covid-19 Panic
Cannabis News10 hours ago

Cannabis Firms Experience Boost in Sales Amid Covid-19 Panic

California Cannabis Taxes Hit Over $1 Billion
Cannabis News2 days ago

California Cannabis Taxes Hit Over $1 Billion

Denver Cancels its 420 Festival in View of Virus Pandemic, Coronavirus, Covid-19
Cannabis News4 days ago

Denver Cancels its 420 Festival in View of Virus Pandemic

Virginia Moves to Decriminalize Marijuana
Cannabis News6 days ago

Virginia Moves to Decriminalize Marijuana

PrestoDoctor Snags Top Cannabis Telemedicine Award
Benefits of Medical Marijuana1 week ago

PrestoDoctor Snags Top Cannabis Telemedicine Award

Legalized Cannabis Banking Expected To Have Small Impact
Cannabis News1 week ago

Legalized Cannabis Banking Expected To Have Small Impact

Cannabis in the Time of Coronavirus, Covid-19
Cannabis News2 weeks ago

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

Legal Marijuana Sales in Illinois Score Nearly $75M in First Two Months
Cannabis News2 weeks ago

Illinois Marijuana Sale Score Nearly $75M in First Two Months

Covid-9, Cannabis Stocks
Cannabis News2 weeks ago

Cannabis Stocks Fall, Businesses Affected Amid Covid-19

Utah Residents Hassled with Medical Marijuana Application Bug
Cannabis News3 weeks ago

Utah Residents Hassled with MMJ Online Application Glitch

Seniors Using Cannabis On The Rise
Benefits of Medical Marijuana3 weeks ago

JAMA Study: Number of Seniors Using Cannabis On The Rise

Cannabis News4 weeks ago

Elizabeth Warren Unveils Plans on Cannabis Policy

The Latest Cannabis Trends to Follow this 2020
Cannabis 1014 weeks ago

The Latest Cannabis Trends to Follow this 2020

Cannabis News4 weeks ago

Hawaii OKs Bill that Protects Workers Who are MMJ Patients

Medical Marijuana in Alabama
Benefits of Medical Marijuana1 month ago

Alabama Senate Committee OKs Bill to Legalize Medical Cannabis

Cannabis Oil Lab Explosion in California
Cannabis News1 month ago

Man Caught Amid a Cannabis Oil Lab Explosion in California

Celebrating World NGO Day with Cannabis Products
Arts & Culture1 month ago

4 Ideas for Celebrating World NGO Day with Cannabis Products

Cannabis News1 month ago

Why More Universities are Offering Cannabis Courses

Returned Cannabis Products
Cannabis News1 month ago

Returned Cannabis Products Becoming a Million-Dollar Problem

Cannabis Degree Program
Cannabis News2 months ago

Colorado State University to Offer Cannabis Degree Program

CBD Infused Drink
Cannabis News2 months ago

Cann Social Tonics Gains $5m in Funding

Cannabis Kitchen Essentials to Have This Holiday Season
CBD Drinks and Edibles3 months ago

4 Cannabis Kitchen Essentials to Have This Holiday Season

Thanksgiving Turkey
Cannabis Recipes5 months ago

Best Cannabis Recipes To Serve This Thanksgiving

Halloween Horror Movies
CBD Edibles5 months ago

Fright Night: 5 Horror Movies to Match with your CBD Snacks

CBD Edibles for Your Halloween Party
Cannabis Recipes6 months ago

3 CBD Edibles for Your Halloween Party

Cartoons to Watch with CBD Edibles
CBD Drinks and Edibles6 months ago

Top 7 Cartoons to Watch with CBD Edibles

Cannabis Cookbooks
Cannabis Recipes6 months ago

The Best Cannabis Cookbooks To Have

US-Restaurants that Serve CBD Food and Drinks
Cannabis Lifestyle7 months ago

5 Restaurants That Serve CBD Infused Food and Drinks

Arizona Iced Tea
Cannabis News8 months ago

Maker of Arizona Iced Tea to Enter Cannabis Industry

Cannabis Drinkables
Cannabis News8 months ago

Big Alcohol Companies to Develop Cannabis Drinks

Cannabis-Infused Multi-Course Meals
Cannabis News9 months ago

Yellowknife Chef to Develop Cannabis-Infused Multi-Course Meals

4th of July Celebration
Cannabis Recipes9 months ago

Cannabis Recipes To Try this 4th of July

Ben & Jerry's CBD Ice Cream
Cannabis News10 months ago

Ben and Jerry’s Intends to Make CBD Ice Cream, Enter Cannabis Industry

Marijuana Books
Arts & Culture11 months ago

Reading Literature: 5 Marijuana Books to Add on Your Must-Reads

Cannabis-Infused Recipes
Cannabis Recipes11 months ago

4 Cannabis-Infused Recipes to Bring on a Labor Day Getaway

CBD Oil
Cannabis Recipes11 months ago

Cannabis in Pots: Tips for Cooking Meals With CBD Oil

Cannabis Recipes for Easter
Cannabis Recipes12 months ago

Cannabis-Infused Recipes for Easter

CBD Recipes
Cannabis Recipes12 months ago

3 Delectable CBD-Infused Recipes to Whip Up on 420

Recipes for Cannabis
Cannabis Recipes1 year ago

Cooking with Cannabis: 4 Ways to Improve Recipes

Herbal Teas
CBD Drinks and Edibles1 year ago

Taking Weed to New Heights: 4 Herbs to Consume with Cannabis

CBD Oil and Sleep Benefits
Benefits of Medical Marijuana4 days ago

3 Excellent Sleep Benefits with Using CBD Oil

PrestoDoctor Snags Top Cannabis Telemedicine Award
Benefits of Medical Marijuana1 week ago

PrestoDoctor Snags Top Cannabis Telemedicine Award

Seniors Using Cannabis On The Rise
Benefits of Medical Marijuana3 weeks ago

JAMA Study: Number of Seniors Using Cannabis On The Rise

Medical Marijuana in Alabama
Benefits of Medical Marijuana1 month ago

Alabama Senate Committee OKs Bill to Legalize Medical Cannabis

CBD for Heart Disease, Medical Marijuana
Benefits of Medical Marijuana2 months ago

CBD Oil for Heart Disease – Health Benefits of CBD

Cannabis, Marijuana and Weight Loss
Benefits of Medical Marijuana2 months ago

Cannabis and Weight Loss – What You Need to Know

Cannabis , Pain Management and Monthly Period
Benefits of Medical Marijuana2 months ago

Surprising Ways You Can Use Cannabis to Deal with Period Pains

Cannabis To Promote Body Positivity
Benefits of Medical Marijuana3 months ago

How Cannabis Can Help Promote Body Positivity

Cannabis as a Treatment for Endometriosis
Benefits of Medical Marijuana3 months ago

Cannabis as Treatment for Endometriosis

Medical Marijuana, CBD, and PCOS
Benefits of Medical Marijuana4 months ago

The Potentials of Medical Marijuana and CBD in Treating PCOS

CBD Yoga
Benefits of Medical Marijuana4 months ago

Interested in CBD Yoga? Here’s What You Can Expect

Medical Marijuana Research
Benefits of Medical Marijuana4 months ago

Washington State U and BRC Team Up for Medical Marijuana Research

CBD as health and wellness alternative? Ask your doctor!
Benefits of Medical Marijuana5 months ago

What You Should Discuss With Your Doctor About CBD

Canine Lymphoma
Benefits of Medical Marijuana5 months ago

CBD Treatment for National Canine Lymphoma Awareness Day

CBD Edibles for Anxiety
Benefits of Medical Marijuana6 months ago

Top 4 Best CBD Edibles For Anxiety

How To Tell Which CBD Products You Should Be Taking
Benefits of Medical Marijuana6 months ago

How To Tell Which CBD Products You Should Be Taking

European Commission Approves EPIDYOLEX
Benefits of Medical Marijuana6 months ago

European Commission Approves EPIDYOLEX

Pancreatic Cancer Treat
Benefits of Medical Marijuana7 months ago

Cannabis-Derived Compound Has Potential to Treat Pancreatic Cancer

DC Opens Marijuana Dispensaries
Benefits of Medical Marijuana7 months ago

DC Opens Marijuana Dispensaries to Out-of-State Patients

Cannabis and the Brain
Benefits of Medical Marijuana8 months ago

How Cannabis Affects the Human’s Brain

Trending Articles