Cannabis Industry Is Coming Like a Freight Train With No Brakes
Ed.’s note: The first important part about understanding the “war on drugs” is to understand there exist hidden bureaucratic networks within the federal government that profit off the drug trade. These bureaucracies are not too favorable towards the idea of legalizing marijuana all across the US just as soon as the federal government realizes legalizing marijuana will be in everyone’s best economic interests. Then there is the irrational fear brought about by the stigma created during the Vietnam war of the “drug culture” of hippies lighting up joints. The bottom line is the federal government’s resistance to legalizing marijuana at the federal level is dissolving fast.
The longer the US federal government resists legalizing marijuana even at incremental levels, means that capital flows will head to Canada where the legalization of marijuana has taken place throughout the country. Some of the most advanced cannabis biotechnology companies and highly specialized cannabis growers are located in Canada. As we can see from cannabis investing sources, growers all across the US and Canada are gearing up and expanding cannabis production. Some of these firms are using technology in really sophisticated ways like Aphria (TSX; APHA) (we are not endorsing cannabis-related companies) in Canada. The reason why is simple: the cannabis cultivation market is expected to be worth US$45.4 billion by 2026. That is just phenomenal.
If you are in the “cannabis space” as they say, or are in the industry, it is probably worth noting that a large amount of hemp is exported from China into the US despite President Trump’s “trade war,” and this biomass is used for extracting CBD (cannabidiol) oil. The US trade war on China has had little effect on hemp production in America. It has been reported that much of this hemp imported from China is contaminated and might affect the quality of the CBD oil. If users think their marijuana is contaminated with heavy metals from US sources, consider China where hemp growth isn’t regulated for heavy metal contamination. Know your provider. This makes greenhouse-sourced marijuana all the more attractive.
It always seemed to us using CBD (cannabidiol) and THC (tetrahydrocannabinol) in tandem would be far more beneficial and so we discovered some background material on this subject. What will happen probably in the coming years, is a merger of both THC and CBD in products. Market trends indicate however, the market for CBD will far exceed the market for THC.
Marijuana safety tip: Be aware of black market marijuana (THC) being used for what is known as “vaping.” There are risks and these risks are aggravated when unlicensed additives in e-liquid aerosols contain particulates, oxidizing agents, aldehydes, and nicotine. When inhaled, these aerosols most likely affect the heart and circulatory system. The toll of people sick with acute lung illness tied to vaping has doubled this past two weeks, with around 354 suspected cases across the U.S.
The reason why there is a $70 billion black market for cannabis in the US is because in the US compared to Canada, there is no federal cohesion on the legalization of marijuana. Each state is different and there is no uniform agreement in Washington DC about moving on a national policy. That’s understandable considering there are so many shady and questionable characters involved in the industry. Since marijuana has been legalized throughout Canada, the black market has steadily decreased. What this means for investors is that because of the black market in the US, there will probably be more capital flow to Canadian cannabis companies.
Did anyone actually think governments could be trusted when it comes to cannabis? Find out more with this Global News article on how a government-run cannabis store was selling off customer data online when this is contrary to this government-run store’s policy. The old adage comes to mind: trust no one; do your own due diligence.
The cannabis laws in Wisconsin (prohibition state) where the mostly top Republicans in the GOP-run state legislature have vowed to block Democratic Gov. Tony Evers’ proposals for decriminalizing marijuana possession of small amounts. The obvious downside of Wisconsin being a prohibition state, is that the black market for marijuana in Wisconsin is probably thriving. This explains why more blacks in Wisconsin are arrested for marijuana possession than whites. Wouldn’t legalizing marijuana eleviate these racial tensions in Wisconsin? What would constitute a “small amount?”
One wonders the difference in the composition of those in state legislatures where in Wisconsin, the GOP-run state legislature are opposed to legalizing marijuana, while in ten states it has been legalized. It would be interesting to compile a list of all the state legislators in Wisconsin to get a better idea of the reasons for their opposition to legalizing marijuana. Probably long held ideas of Vietnam era stigma of a drug culture with users lighting up joints. That and told beliefs about being conservative often influenced by external unrelated factors. The industry is way beyond this archaic outlook.
Who would have ever thought that Rhode Island per population has the most marijuana users at 13%? It’s inevitable and at this point state legislatures will not be able to stop the full legalization of marijuana including Wisconsin. President Trump just announced he will let states legalize marijuana. Let’s get on the cannabis caravan, Wisconsin, three quarters of the US population live in states where marijuana has been made legal. In fact, 70 percent of Milwaukee County voters favor legalizing marijuana. Now that Illinois has legalized marijuana after issuing its first license, it means Wisconsin residents will head to Illinois for their pot, however, it will be illegal to transport it back to Wisconsin. Watch as millions of dollars in cannabis sales removes large swaths of money from Wisconsin to Illinois until the Wisconsin state legislature wakes up to this financial reality – hopefully soon.
The other aspect too is that hopefully the Wisconsin state legislators should be considering are tax revenues on marijuana that have had a positive effect in states like Oregon and Colorado collecting millions in tax revenue. At some point as this estimated $22 billion cannabis industry by 2020 caravan picks up speed in the coming years, the federal government will be forced to standardize across all 50 states. Don’t let this industry pass you by America. America is standing at the cusp of bringing cutting edge state of the art cannabis biotechnology to the world.
Source: The Hill
Here’s what the Surgeon General gets wrong about marijuana
By Paul Armentano | September 2, 2019
Recently, the U.S. Surgeon General Jerome Adams sounded the alarm on cannabis.
There is nothing novel or altogether objectionable about the nation’s top public health official speaking out in an effort to discourage cannabis use, especially among young people and other potential higher-risk populations. However, the Surgeon General’s campaign launch emphasized a variety of questionable and inaccurate claims that not only undermine his credibility but also his cause.
For example, in an Aug. 30 tweet, the Surgeon General contended that youth access to cannabis has increased as a result of adult-use legalization laws. But this claim is not accurate. Adolescents self-reported ease of marijuana access has declined in recent years, according to peer-reviewed data.
Teen marijuana use is also falling, including in legal cannabis states. In fact, data published in July in the journal “JAMA Pediatrics” reports, “Consistent with the results of previous researchers, there was no evidence that the legalization of medical marijuana encourages marijuana use among youth. Moreover, … marijuana use among youth may actually decline after legalization for recreational purposes.”
National data compiled by the federal government affirms this. According to an August 2019 report issued by the United States Substance Abuse and Mental Health Services Administration, past-year marijuana consumption by those ages 12 to 17 has fallen consistently since 2002, from 15.8 percent to 12.5 percent. Since 2012, when Colorado and Washington became the first states to regulate adult-use access, past-year youth use has fallen eight percent nationwide.
The Surgeon General also trotted out the long debunked “gateway theory” — claiming that marijuana “primes the brain” for “the addiction to other substances.” In fact, as the US National Institute on Drug Abuse acknowledges, “[T]he majority of people who use marijuana do not go on to use other ‘harder’ substances.” Furthermore, most people who experiment with cannabis cease their use of it by their late-twenties, typically as they enter the workforce and begin to raise a family.
More notably, several recent studies indicate that cannabis and its compounds may potentially mitigate cravings for other drugs. For instance, a British clinical trial determined that the use of CBD was associated with significant reduction in subjects’ desire to smoke tobacco cigarettes. A 2017 Canadian trial published in the journal “Addictive Behaviors concluded: “[S]elf-reported intentional use of cannabis … was associated with subsequent periods of reduced use of crack [cocaine].” And most recently, researchers at The Mount Sinai Health System in New York City concluded that the administration of oral CBD reduces cue-induced cravings and anxiety in subjects with a history of heroin use.
Please go to The Hill to read the entire article.
Fly Hemp! The future’s bright, the future’s organic!
Source: The Liberty Beacon
August 29, 2019 | By Steve Cook
Hempearth, the Canadian cannabis firm, has designed the world’s first plane made and powered by hemp – the non-psychoactive member of the cannabis family 10 times stronger than steel. Interestingly, everything from the seats, the wings, the plane walls and even the pillows are made from hemp. The plane, with a wingspan of 36 feet, can hold one pilot and four passengers. What’s more? It runs on 100% hemp oil!
Hemp is lighter than traditional aerospace materials (such as aluminium and fiberglass) and therefore requires a lot less fuel to reach a high altitude. Most importantly, hemp is non-toxic, sustainable, requires way less water and land to grow than cotton, and compared to steel or carbon fibre, has almost no environmental impact.
Hempearth CEO Derek Kesek says:
“This plane project is our first experiment with industrial hemp, and we plan to explore many other uses. Once we establish structural testing and information from this project, we will apply it to other forms of construction. This is the kind of future we all want here on Earth. The sky may not be the limit.”
Please go to The Liberty Beacon to read the entire article.
“I like to dream…”