Category: 1st Cannabis USA 2024

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What’s Going On With Marijuana? NEW Rescheduling of DEA assessment to Schedule III Eminent.

Vice President Kamala Harris said that the DEA needs to move quickly to reschedule marijuana at a meeting at the White House on Friday.

Watch Live: VP Kamala Harris Hosts Marijuana Pardon Recipients At White ...

Vice President Kamala Harris has recently urged the U.S. Drug Enforcement Administration (DEA) to expedite its review of cannabis’s scheduling. During a White House closed-door roundtable discussion on criminal justice reform, Harris emphasized that the current classification of cannabis as a Schedule I substance is “absurd and patently unfair.” She called for a swift resolution to this issue1.

Here are some key points:

  1. Background:

  2. Harris’s Actions:

  3. DEA’s Role:

In summary, the rescheduling of cannabis to Schedule III is imminent, and the DEA’s decision will have significant implications for federal drug policy1.

Also on Friday, Doug Kass posted that on the social media platform X that the DEA will soon announce the rescheduling of cannabis to Schedule III. 

“We have learned yesterday that the US Drug Enforcement  Administration will shortly approve a rescheduling of cannabis to Schedule III –and that the biggest legal hurdle, an international treaty (the Single Convention on Narcotic Drugs (1961)), to which the US is a signatory has been resolved favorably,” Kass posted. 

The Department of Health and Human Services (HHS) has also recommended the DEA reschedule cannabis as Schedule III under the Controlled Substances Act

How hard it is to survive in the cannabis space?

On the one hand, the marijuana industry is nascent as the plant has been stigmatized for decades. Being illegal at the federal level makes operating that much more complicated. On the other hand, the industry continues to progress. Each year more states and countries embrace it, and new studies confirm the vast potential of marijuana’s healing properties that our ancestors knew centuries ago.

So, it’s difficult, but not impossible to maneuver in the cannabis space.

Often viewed as one of the biggest challenges is the lack of access to banking and financial services due to marijuana’s Schedule 1 status, which the DEA classifies as having no accepted medical value and has high abuse potential.

On the complexity of regulatory issues, she told us that “all of cannabis is complex, but the most complex regulatory issues arise with new regulations or changes to existing regulations – it can be difficult to understand how these regulations are used in practice. The most common misapprehension about the cannabis industry is that we are all risk-takers living on the edge – the reality is that most of us in this industry are all super compliance-focused and constantly checking to make sure that we’re following every single applicable rule.”

 

Regulatory Compliance First

In January, the government released hundreds of pages of documents related to its ongoing review of the status of cannabis under federal law, confirming that the Department of Health and Human Services (HHS) has recommended the DEA reschedule cannabis as Schedule III under the Controlled Substances Act. This means that HHS has acknowledged some medical value of marijuana, and the rescheduling is being considered. We asked Ayinehsazian, a respected California Advocate of Marijuana Law Deregulation how much would change in the marijuana industry in terms of regulatory issues, banking services and taxes if cannabis is reclassified to Schedule III.

“I think that even with rescheduling regulatory compliance would still remain of great importance,” she said. “Banking and taxation would be greatly improved though – the current banking issues we face as a result of federal illegality would be greatly alleviated, as would the federal taxation issues associated with 280E.”

Ayinehsazian said that in terms of taxation and banking, both rescheduling and de-scheduling would be about the same. “In terms of regulatory requirements, de-scheduling may present a bit less of a burden, but I think that no matter what, we’re still looking at regulatory compliance being incredibly important.”
 

The 280E is an IRS tax code, which states that “no deduction or credit shall be allowed in running a business that consists of trafficking a controlled substance.” This means that until cannabis is removed from a list of controlled substances on the federal level, there will be no tax deductions or credits given to legal cannabis operators.

Sahar Ayinehsazian    is an attorney in Vicente Sederberg’s Los Angeles office,
where she focuses on cannabis banking, corporate transactions, and regulations.
With her specialized knowledge, Sahar helped to establish and currently co-leads
Vicente Sederberg’s Banking and Financial Services Department. As a member of
the National Cannabis Industry Association’s Banking Access Committee, Sahar
also works on strategy and educational advocacy to enable state-licensed businesses
to obtain accounts at depository institutions. Prior to joining Vicente Sederberg,
Sahar served as the Director of Regulatory and Governmental Affairs at a multi-state
money transmitter servicing the cannabis industry, where she developed a comprehensive understanding of credit card flow, banking and cannabis compliance. She
holds a Bachelor of Arts, with honors, from the University of California, San Diego
and a law degree from Loyola Law School, where she was a Loyola Scholar

The CBD Effect on Cannabis

While Cannabis is a very crucial part of the Marijuana movement, we must remember that CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.

Cannabidiol (CBD) is a non-intoxicating cannabinoid compound that has been studied for its potential therapeutic effects on various psychiatric disorders 1. A systematic review of neuroimaging studies investigating the acute impact of CBD on human brain function found that CBD induces significant alterations in brain activity and connectivity patterns during resting state and performance of cognitive tasks in both healthy volunteers and patients with a psychiatric disorder 1. The review also found that acute CBD enhanced fronto-striatal resting state connectivity in healthy volunteers, both compared to placebo and THC 1. Furthermore, CBD modulated brain activity and had opposite effects when compared to THC following task-specific patterns during various cognitive paradigms, such as emotional processing, verbal memory, response inhibition, and auditory/visual processing 1. In individuals at clinical high risk for psychosis and patients with established psychosis, acute CBD showed intermediate brain activity compared to placebo and healthy controls during cognitive task performance 1. CBD modulated resting limbic activity in subjects with anxiety and metabolite levels in patients with autism spectrum disorders 1. CBD is thought to have neuroprotective effects due to how it interacts with CB2 receptors in the brain. CBD acts on these receptors by creating an anti-inflammatory response in immune cells in the brain. This reduces the amount of damage caused by inflammation in the brain. Oxidation is one of the most common causes of brain tissue damage 2. Inspirational Technologies is likely to be adopting AI on social media to improve the efficiency of their content creation and marketing campaigns. AI-powered tools can help marketers generate new content ideas, optimize social media campaigns, and measure brand and trends across each social media channel 1. AI prompts for social media can help marketers overcome creative blocks and generate new post ideas 2. AI can also enable personalized recommendations, create more efficient customer service, and analyze data in real-time to help improve overall marketing campaign performance 3. AI tools have taken the world by storm over the last few months, and for good reason. Tasks that used to take hours are now finished in just a few minutes. The results AI tools can produce are blowing people away 2. However, it’s important to note that there are also plenty of examples where AI completely misses the mark. The difference between “omg that’s amazing 😱” and “omg… that’s not right 😐” is usually a well-crafted prompt 2. In conclusion, AI can be a powerful tool for social media marketing, but it’s important to use it wisely and with a human touch. AI can help marketers save time and improve efficiency, but it cannot replace human creativity and empathy 1. IF12278 (congress.gov)   Inspirational Technologies history 2018 farm bill hempsmart mcoa ceo cannabis reformation florida 2024 ballot on recreational marijuana #IntheWeedswithSteve

Be patient Florida, this too, shall pass!

Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:

  1. Medical Use:

    • Medical use of marijuana is legal in Florida.
    • Qualifying patients (21 years and older) with specific medical conditions can purchase or use medical marijuana as recommended by licensed physicians.
    • Some qualifying conditions include ALS, cancer, epilepsy, glaucoma, HIV/AIDS, multiple sclerosis, PTSD, and chronic pain related to specific medical conditions.
    • Minors can designate adult caregivers to assist in obtaining medical marijuana.

  2. Recreational Use:

    • Recreational cannabis remains illegal in Florida.
    • Possession of any amount of weed is against the law.
    • Possession of more than 20 grams (25 lbs) of cannabis is considered a felony.

  3. Growing Marijuana:

    • Individuals and businesses are prohibited from growing marijuana.
    • However, state-licensed cultivators are allowed to grow it.

  4. Penalties:

    • Florida imposes fines and jail time for simple possession of marijuana.
    • Possession of any quantity of marijuana is illegal.

  5. Medical Marijuana Cards:

    • Patients must possess active medical marijuana cards to legally use medical marijuana.
    • Over 750,000 Floridians currently hold active medical marijuana cards.
    • More than 2,500 certified doctors assist in determining appropriate medical marijuana treatments.

  6. Dispensaries:

    • There are over 450 open marijuana dispensary locations in Florida as of October 2022.

  7. Legalization Efforts:

Remember that while medical use is permitted, recreational marijuana remains illegal in Florida, and the state prescribes stiff penalties for those caught in possession of the drug2345.

 

Steven M Smith InspirationalTech.org CEO since 2013.

Thank you for consideration.
Inspirational Technologies
InspirationalTech.org for your Health Wellness Beauty and Inspirational Goals

For More Information on Cannabis and CBD and YOU.

 

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Hempy St. Patrick’s Day – Pot of Gold Jackpot, in Understanding pain and recognizing that you are not alone.

Hempy St. Patrick’s Day – Pot of Gold Jackpot

Hempy St. Patrick’s Day from Inspirational Technologies - Inspirational ...

Understanding pain and recognizing that you are not alone.

Research tells us that 50 million Americans live with chronic pain, or pain that lasts most days or every day for three months or more. Of this group, 20 million experience high-impact chronic pain, or pain that interferes with basic functioning and activities of daily living. Pain is the number one reason that Americans access the health care system, and costs the nation up to $635 billion each year in medical treatments, disability payments, and lost productivity.

Yet despite these staggering numbers, chronic pain is vastly under-recognized, underfunded, and under-treated when considering its significant impact on American lives. Research, treatment options, and support for those affected individuals still lag behind other major diseases.
See related image detail. Kiss Me Im Highrish funny St Patricks Day Shamrock Weed - Kiss Me Im ...
 

CBD (cannabidiol) has garnered attention as a potential remedy for various health issues, including pain management. Let’s delve into how CBD can help with inflammation, chronic pain, and arthritis:

  1. CBD for Inflammation:

    • Research suggests that CBD may have a positive effect on inflammatory pain. Although many studies have been conducted on animals, their results may not directly translate to humans.
    • A 2020 review indicated that CBD could interact with neurological receptors in the spinal cord, potentially suppressing chronic inflammatory pain.
    • Additionally, CBD may increase levels of AEA (an endogenous cannabinoid), which is known to reduce pain.

  2. CBD for Chronic Pain:

    • In a 2018 study, researchers evaluated CBD’s pain-relieving effects in individuals who experienced chronic pain after kidney transplants.
    • Six out of seven participants reported improvements in pain. Interestingly, one participant experienced more pain at higher CBD doses but found better pain management at lower doses.

  3. CBD for Arthritis Pain:

Remember that CBD’s efficacy can vary from person to person, and it’s essential to consult with a healthcare professional before incorporating CBD into your pain management routine. Always check your local laws and regulations regarding CBD usage.

 

 

Steven M Smith InspirationalTech.org CEO since 2013.

Thank you for consideration.
Inspirational Technologies
InspirationalTech.org for your Health Wellness Beauty and Inspirational Goals

For More Information on Cannabis and CBD and YOU.

 

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1st Hemp USA News is a resource of Inspirational Technologies (2024)
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Trulieve is Florida’s and now National leader in vertical integration in Marijuana.

Trulieve, Florida’s largest medical marijuana operator, has made significant strides in the cannabis industry. Notably, they recently achieved a historic milestone by becoming the largest cannabis retailer in the United States. This achievement was made possible through their acquisition of Harvest Health & Recreation, a former competitor, in a deal worth $2.1 billion123. Trulieve’s success is attributed to its vertical integration approach. As a seed-to-sale company, Trulieve cultivates and produces all its cannabis products in-house. They distribute these products through their Trulieve-branded dispensaries across Florida and also offer direct home delivery to patients. Additionally, Trulieve operates in several other states, including California, Massachusetts, Connecticut, Pennsylvania, and West Virginia1.

Marijuana dispensary Trulieve opens second Mass. locationTheir combined income with Harvest Health & Recreation in the second quarter of the year was an impressive $317.6 million. Trulieve’s strategic moves, such as securing $350 million in debt financing and Harvest’s recent $55 million licensing sale in Florida, have contributed to their financial strength. Trulieve reported $215 million in cash and cash alternatives, while Harvest brought in $71 million during the same period. Together, they achieved a combined revenue of $318 million, making Trulieve the top public reporting cannabis company in the country1. Trulieve’s CEO, Kim Rivers, expressed excitement about the acquisition, emphasizing the shared values and focus on core markets. This strategic move allows Trulieve to expand into growing markets nationwide, including the adult-use space in Arizona. Their goal is to create an iconic U.S. cannabis brand and provide best-in-class service to patients and customers across the nation1. Furthermore, Trulieve has actively contributed to efforts aimed at pot legalization in Florida. They recognize the challenges faced by small business owners due to hefty application fees and the state’s vertical integration model. By supporting legalization, Trulieve aims to foster a more accessible and inclusive cannabis industry in the state4. In summary, Trulieve’s commitment to vertical integration, strategic acquisitions, and dedication to serving patients and customers has solidified its position as a leader in the cannabis industry, both in Florida and nationally.  

Kim Rivers, the CEO of Trulieve , has been a driving force behind the company’s substantial growth and strategic direction, especially in the context of recent federal rescheduling discussions and the company’s operational optimizations.

Trulieve CEO Kim Rivers to Give Keynote Address at Benzinga Cannabis ...

With her expected appearance at the Benzinga Cannabis Capital Conference in April in Hollywood, Florida, let’s dive into her expertise and what attendees can expect from Rivers at the conference.

Advocating For Federal Cannabis Reform

Rivers has been vocal about the potential impact of federal cannabis rescheduling on the industry. She highlighted the significant tax burdens cannabis businesses face due to current federal classifications.

Rivers expressed optimism about the Health and Human Services Department’s recommendation to the Drug Enforcement Administration regarding cannabis rescheduling. This change could significantly alleviate operational challenges for companies such as Trulieve​​​​.

Operational Growth And Expansion

Under Rivers’ leadership, Trulieve expanded dramatically, growing from 10 employees in one state to a presence in 11 states with 9,000 employees. Last year, Trulieve made seven acquisitions, including a billion-dollar merger with Harvest Health & Recreation Inc. This growth strategy increased Trulieve’s market presence and its ability to serve a broader customer base​​.

Optimizing Operations And Financial Efficiency

Following Trulieve’s first quarter 2023 earnings report, Rivers discussed the company’s approach to optimizing its portfolio and efficiencies across its platform.

Despite declining revenue, Trulieve reported record results for the 4/20 period and demonstrated a commitment to financial efficiency by significantly reducing selling, general, and administrative expenses.

Rivers emphasized the importance of aligning operations across the combined assets of the company’s acquisitions and the strategic management of facilities to match market demand​​.

 

Addressing Overproduction, Market Demand

Rivers also noted Trulieve’s achievements in improving gross margins and managing inventory levels, even in the face of overproduction challenges.

The company’s new 750,000-square-foot facility in Florida produced higher yields and quality than anticipated, showcasing Trulieve’s operational capabilities and commitment to product excellence​​.

Speaking At Benzinga Cannabis Capital Conference

Rivers is slated to be a speaker at the upcoming Benzinga Cannabis Capital Conference in April, where she will likely share more insights into Trulieve’s strategies, market perspectives and vision for the future of the cannabis industry. Her participation underscores her role as a thought leader in the cannabis space, offering valuable perspectives on navigating the complexities of the rapidly evolving market.

The CBD Effect on Cannabis

While Cannabis is a very crucial part of the Marijuana movement, we must remember that CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.

Cannabidiol (CBD) is a non-intoxicating cannabinoid compound that has been studied for its potential therapeutic effects on various psychiatric disorders 1. A systematic review of neuroimaging studies investigating the acute impact of CBD on human brain function found that CBD induces significant alterations in brain activity and connectivity patterns during resting state and performance of cognitive tasks in both healthy volunteers and patients with a psychiatric disorder 1. The review also found that acute CBD enhanced fronto-striatal resting state connectivity in healthy volunteers, both compared to placebo and THC 1. Furthermore, CBD modulated brain activity and had opposite effects when compared to THC following task-specific patterns during various cognitive paradigms, such as emotional processing, verbal memory, response inhibition, and auditory/visual processing 1. In individuals at clinical high risk for psychosis and patients with established psychosis, acute CBD showed intermediate brain activity compared to placebo and healthy controls during cognitive task performance 1. CBD modulated resting limbic activity in subjects with anxiety and metabolite levels in patients with autism spectrum disorders 1. CBD is thought to have neuroprotective effects due to how it interacts with CB2 receptors in the brain. CBD acts on these receptors by creating an anti-inflammatory response in immune cells in the brain. This reduces the amount of damage caused by inflammation in the brain. Oxidation is one of the most common causes of brain tissue damage 2. Inspirational Technologies is likely to be adopting AI on social media to improve the efficiency of their content creation and marketing campaigns. AI-powered tools can help marketers generate new content ideas, optimize social media campaigns, and measure brand and trends across each social media channel 1. AI prompts for social media can help marketers overcome creative blocks and generate new post ideas 2. AI can also enable personalized recommendations, create more efficient customer service, and analyze data in real-time to help improve overall marketing campaign performance 3. AI tools have taken the world by storm over the last few months, and for good reason. Tasks that used to take hours are now finished in just a few minutes. The results AI tools can produce are blowing people away 2. However, it’s important to note that there are also plenty of examples where AI completely misses the mark. The difference between “omg that’s amazing 😱” and “omg… that’s not right 😐” is usually a well-crafted prompt 2. In conclusion, AI can be a powerful tool for social media marketing, but it’s important to use it wisely and with a human touch. AI can help marketers save time and improve efficiency, but it cannot replace human creativity and empathy 1. IF12278 (congress.gov)   Inspirational Technologies history 2018 farm bill hempsmart mcoa ceo cannabis reformation florida 2024 ballot on recreational marijuana #IntheWeedswithSteve

Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.

Thank you for consideration.
Inspirational Technologies
InspirationalTech.org for your Health Wellness Beauty and Inspirational Goals

For More Information on Cannabis and CBD and YOU.

 

AllRightsReserved2024

1st Hemp USA News is a resource of Inspirational Technologies (2024)
Continue reading Trulieve is Florida’s and now National leader in vertical integration in Marijuana.
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In 2024, several states are poised to make significant strides in marijuana legalization.

 

In 2024, several states are poised to make significant strides in marijuana legalization. Let’s explore some of the key developments:

Wisconsin
 
 
  1. Wisconsin:
    • Despite past disagreements between Democratic Governor Tony Evers and Republican lawmakers, Wisconsin is a strong contender to legalize medical cannabis this year.
    • Governor Evers has expressed openness to a more limited medical cannabis program proposed by Republicans, which would initially allow for five stores to sell non-smokable cannabis products1.
Virginia
 
 
  1. Virginia:
    • Virginia lawmakers have already passed legislation that will legalize marijuana in 2024.
    • Starting January 1, 2024, possession of up to an ounce of marijuana will be legal, and regulations will be implemented to control the marijuana marketplace in the state2.
  1. Other States:
    • While these two states stand out, there are other states with unfinished business in terms of cannabis policy.
    • Some states are likely to take up medical cannabis legalization, while others may move toward adult-use legalization.
    • Additionally, campaigns are underway in Florida, Idaho, Nebraska, and South Dakota to put legalization questions before voters in the November 2024 election1.

Remember, the landscape of cannabis legalization is dynamic, and attitudes are shifting. Whether through legislative action or citizen initiatives, we’re witnessing progress toward a more inclusive and informed approach to cannabis policy across the nation. 

Let's Talk About The CBD Stigma - Holden Farms

Now, Let’s delve into the world of CBD (cannabidiol) and explore various aspects related to it:

  1. CBD Stigma:

    • Despite its growing popularity, there remains a stigma surrounding CBD. This stigma often arises from misconceptions and lack of understanding.
    • Some people associate CBD with the psychoactive effects of THC (tetrahydrocannabinol), even though CBD itself does not cause a “high.”
    • Efforts are being made to change this perception and educate the public about the potential benefits of CBD.

  2. Research on CBD:

    • CBD has gained attention for its potential therapeutic properties. Early studies suggest it may help with anxiety, pain relief, and neurological conditions.
    • The FDA has approved a prescription drug called Epidiolex, which contains CBD as an active ingredient, specifically for treating certain types of epilepsy.
    • However, more research is needed to fully understand CBD’s benefits and safety.
    • 5 Ways to Improve Your Emotional Wellness

  3. State Legality of CBD:

    • The legality of CBD varies by state. Some states fully embrace CBD, while others impose restrictions.
    • Federally, CBD derived from hemp (with less than 0.3% THC) is legal. However, CBD derived from cannabis remains a Schedule 1 substance.
    • State laws play a crucial role in determining how CBD can be used, sold, and accessed.

  4. Inspirational Technologies on CBD:

    • The CBD industry is evolving, and technology is playing a significant role.
    • Innovations include:
      • Smart Vaporizers: These allow precise control over temperature and dosage.
      • Concentrated Minor Cannabinoids: Companies are exploring over 100 minor cannabinoids found in hemp plants, such as CBN and CBG.
      • Regulatory Changes: Legislation could pave the way for marketing CBD as a dietary supplement, expanding distribution channels.
      • Big-Box Retail Access: CBD products may soon hit mainstream brick-and-mortar retail stores.

In summary, CBD is a complex field with ongoing research, legal considerations, and exciting technological advancements.

Cannabidiol (CBD) is a non-intoxicating cannabinoid compound that has been studied for its potential therapeutic effects on various psychiatric disorders 1. A systematic review of neuroimaging studies investigating the acute impact of CBD on human brain function found that CBD induces significant alterations in brain activity and connectivity patterns during resting state and performance of cognitive tasks in both healthy volunteers and patients with a psychiatric disorder 1. The review also found that acute CBD enhanced fronto-striatal resting state connectivity in healthy volunteers, both compared to placebo and THC 1. Furthermore, CBD modulated brain activity and had opposite effects when compared to THC following task-specific patterns during various cognitive paradigms, such as emotional processing, verbal memory, response inhibition, and auditory/visual processing 1. In individuals at clinical high risk for psychosis and patients with established psychosis, acute CBD showed intermediate brain activity compared to placebo and healthy controls during cognitive task performance 1. CBD modulated resting limbic activity in subjects with anxiety and metabolite levels in patients with autism spectrum disorders 1. CBD is thought to have neuroprotective effects due to how it interacts with CB2 receptors in the brain. CBD acts on these receptors by creating an anti-inflammatory response in immune cells in the brain. This reduces the amount of damage caused by inflammation in the brain. Oxidation is one of the most common causes of brain tissue damage 2. Inspirational Technologies is likely to be adopting AI on social media to improve the efficiency of their content creation and marketing campaigns. AI-powered tools can help marketers generate new content ideas, optimize social media campaigns, and measure brand and trends across each social media channel 1. AI prompts for social media can help marketers overcome creative blocks and generate new post ideas 2. AI can also enable personalized recommendations, create more efficient customer service, and analyze data in real-time to help improve overall marketing campaign performance 3. AI tools have taken the world by storm over the last few months, and for good reason. Tasks that used to take hours are now finished in just a few minutes. The results AI tools can produce are blowing people away 2. However, it’s important to note that there are also plenty of examples where AI completely misses the mark. The difference between “omg that’s amazing 😱” and “omg… that’s not right 😐” is usually a well-crafted prompt 2. In conclusion, AI can be a powerful tool for social media marketing, but it’s important to use it wisely and with a human touch. AI can help marketers save time and improve efficiency, but it cannot replace human creativity and empathy 1. IF12278 (congress.gov)   Inspirational Technologies history 2018 farm bill hempsmart mcoa ceo cannabis reformation florida 2024 ballot on recreational marijuana #IntheWeedswithSteve

Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.

Thank you for consideration.
Inspirational Technologies
InspirationalTech.org for your Health Wellness Beauty and Inspirational Goals

For More Information on Cannabis and CBD and YOU.

 

AllRightsReserved2024

1st Hemp USA News is a resource of Inspirational Technologies (2024)
Continue reading In 2024, several states are poised to make significant strides in marijuana legalization.
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Reports: Hemp-Based Foods Market Set to Reach $8.36 Billion by 2028

February 22, 2024

LAS VEGAS, NV – Romaine calm! Hemp, Inc.  is to report that the global hemp-based foods market is showing strong indicators of growth, fueled by the rising vegan population, advancements in processing technology, and the increasing number of health-conscious consumers seeking plant-based and gluten-free alternatives. The hemp-based foods market is set to reach $8.36 billion by 2028 according to The Business Research Company’s (TBRC) latest report, “Hemp Based Foods Global Market Report 2024″.
Hemp Based Foods Global Market Report 2024 - Research and Markets
The report unveils a comprehensive overview of the hemp-based foods sector. Projected to achieve a robust compound annual growth rate (CAGR) of 8.9%, the market is anticipated to burgeon from its current standing to an impressive $8.36 billion by 2028. This surge is attributed primarily to the expanding vegan population across the globe. (Great things happen when olive our friends stick together.) Anyway, TBRC’s analysis provides an excellent in-depth look at the hemp-based foods market, breaking it down into critical segments:

— Products: Hemp Seed Oil, Hemp Protein Powder, Whole Hemp Seed, Hulled Hemp Seeds

— Distribution Channels: Supermarket Stores, Convenience Stores

— Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa



Hemp-based foods, derived from the seeds of the hemp plant, are celebrated for their nutritional completeness, featuring all the essential amino acids required by the human body. The report highlights hemp milk, hemp oil, hemp cheese substitutes, and hemp-based protein powders as key products fueling the market’s growth. Notably, hemp seed oil emerges as a versatile product, finding utility in both culinary applications and as a valued ingredient in cosmetic formulations.

The report underscores the diverse uses of hemp seeds and oils, highlighting their nutritional profile rich in omega fatty acids and gamma-linolenic acid. Their therapeutic properties, bolstered by high antioxidant content, make hemp-based foods an attractive option for health-conscious consumers.

Distributed primarily through supermarkets and convenience stores, hemp-based foods are becoming increasingly accessible to consumers worldwide, further propelling market growth. And with a robust infrastructure for hemp cultivation and a steadily growing demand for plant-based food from our vegan slayers here, North America is poised to dominate the market share, according to the Report. Yes, the forks have spoken and Hemp, Inc. is one of the companies at the forefront listening!

Hemp Inc Presents - YouTube

Hemp, Inc. has been one of the key players in this burgeoning industry, driving the market forward with its quality products and strategic market approaches. Coupled with an invaluable roster of connections with hemp manufacturers and vendors across the country and abroad, the Company expects to see meteoric growth curves on a domestic and international scale as the industry continues to grow.

Through its e-portal (www.hempinc.com), the Company’s hemp-derived products are poised to capture a large share of the marketplace on a global scale and to play a vital role in maintaining good health and well-being… two significant growth factors of the CBD market. The Company’s product line contains CBD, CBDA, CBG, CBGA, and CBN (non-psychoactive compounds found in cannabis plants). These are active ingredients in cannabis that are derived from the hemp plant, which is widely known for pain relief, relaxation, and anxiety relief. A recipe is only as good as its ingredients and how those ingredients are blended.

Hemp, Inc. is the only company in America that uses pharmaceutical-grade beta-cyclodextrin (a carbohydrate used during the manufacturing process). Carbohydrates bond with oils including all the cannabinoids for massive and rapid absorption and uptake. The Company’s CBD, CBDA, CBG, CBGA, and CBN product lines are highly potent therapeutic doses that have received rave reviews.

Hemp, Inc. has also pushed the boundaries with its CBD/CBG coffee enhancer. This powerhouse product is super potent, absorbs rapidly in coffee, and is 4 times more potent (at a fraction of the price) than other hemp-derived coffee enhancers currently on the market. Its high-quality ingredient combination offers 30 servings per bottle and contains a total of 10,000mg of cannabinoids (7,500mg CBD and 2,500mg CBG) in an MCT oil base. Per serving, that’s 250mg CBD and 83mg CBG remarkably mixed in a wonderfully rich cup of coffee.

The CBD/CBG coffee enhancer comes in plain (natural) and vanilla flavors. The plain (natural) coffee enhancer is available now and the vanilla flavor will be available by the end of this month. A single container (7-day supply) retails for $27.95 and a bottle (30-day supply) retails for $99.95. Wholesale bulk orders are single-use packages, available through select restaurants. Currently, Hemp, Inc. has decided to expand its product line and has updated its website. The Company will announce its new products as they are launched throughout the year.

Hemp, Inc. also discovered its grounded kenaf and hemp blend is the perfect substrate to grow healthy and/or medicinal mushrooms and can make and/or provide the raw materials to produce hemp-based products such as hempcrete, horse bedding, hemp bio-plastics, and more. As one of the most rapidly growing plants on the planet, the hemp plant is used to make a variety of hemp products. It can be shifted into rope, paper, textiles, clothing, disposable polymers, paint, insulation, food, and animal feed.

On the industrial side, Hemp, Inc.’s industrial hemp plant in North Carolina manufactures and sells two industrial hemp products: Spill-Be-Gone(TM) (an oil spill cleanup product made from the core particles and powder of the kenaf and hemp plant) and DrillWall(TM) (a non-toxic, biodegradable drilling fluid additive used in oilfield drilling applications). Hemp, Inc.’s Spill-Be-Gone(TM) is sold in industrial-sized quantities for large oil spill cleanups. It is fast and cost-effective in cleaning up oil spills on land or water. The Company’s DrillWall(TM) is a tested LCM made of kenaf and hemp cellulose. It includes milled products from kenaf and hemp that are made into oil drilling fluid additives and oil absorbents.

Image result for LCM made of kenaf and hemp cellulose

Cannabidiol (CBD) is a non-intoxicating cannabinoid compound that has been studied for its potential therapeutic effects on various psychiatric disorders 1. A systematic review of neuroimaging studies investigating the acute impact of CBD on human brain function found that CBD induces significant alterations in brain activity and connectivity patterns during resting state and performance of cognitive tasks in both healthy volunteers and patients with a psychiatric disorder 1. The review also found that acute CBD enhanced fronto-striatal resting state connectivity in healthy volunteers, both compared to placebo and THC 1. Furthermore, CBD modulated brain activity and had opposite effects when compared to THC following task-specific patterns during various cognitive paradigms, such as emotional processing, verbal memory, response inhibition, and auditory/visual processing 1. In individuals at clinical high risk for psychosis and patients with established psychosis, acute CBD showed intermediate brain activity compared to placebo and healthy controls during cognitive task performance 1. CBD modulated resting limbic activity in subjects with anxiety and metabolite levels in patients with autism spectrum disorders 1. CBD is thought to have neuroprotective effects due to how it interacts with CB2 receptors in the brain. CBD acts on these receptors by creating an anti-inflammatory response in immune cells in the brain. This reduces the amount of damage caused by inflammation in the brain. Oxidation is one of the most common causes of brain tissue damage 2. Inspirational Technologies is likely to be adopting AI on social media to improve the efficiency of their content creation and marketing campaigns. AI-powered tools can help marketers generate new content ideas, optimize social media campaigns, and measure brand and trends across each social media channel 1. AI prompts for social media can help marketers overcome creative blocks and generate new post ideas 2. AI can also enable personalized recommendations, create more efficient customer service, and analyze data in real-time to help improve overall marketing campaign performance 3. AI tools have taken the world by storm over the last few months, and for good reason. Tasks that used to take hours are now finished in just a few minutes. The results AI tools can produce are blowing people away 2. However, it’s important to note that there are also plenty of examples where AI completely misses the mark. The difference between “omg that’s amazing 😱” and “omg… that’s not right 😐” is usually a well-crafted prompt 2. In conclusion, AI can be a powerful tool for social media marketing, but it’s important to use it wisely and with a human touch. AI can help marketers save time and improve efficiency, but it cannot replace human creativity and empathy 1. IF12278 (congress.gov)   Inspirational Technologies history 2018 farm bill hempsmart mcoa ceo cannabis reformation florida 2024 ballot on recreational marijuana #IntheWeedswithSteve

Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.

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Inspirational Technologies
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Cannabis-Friendly Hotels To Visit This Year

As cannabis legalization continues to expand across the globe, more and more hotels and resorts are catering to cannabis enthusiasts. This year, travelers can look forward to a wide range of cannabis-friendly accommodations that provide a unique and enjoyable experience. From luxury resorts with designated smoking areas to boutique hotels offering curated cannabis menus, there will be plenty of options for those seeking a cannabis-friendly getaway.

The Lexi – Las Vegas

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The Lexi is the first cannabis-friendly establishment on the famed Strip. With its sleek and modern design, The Lexi aims to redefine the concept of cannabis-friendly accommodations. Guests can expect top-notch amenities such as in-room vaporizers and personalized cannabis concierge services. The Lexi’s prime location on the famed Strip ensures easy access to nearby dispensaries and a vibrant nightlife scene. They make it the ultimate destination for cannabis enthusiasts in 2024.

Scotia Lodge – California

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The Scotia Lodge is a 100-year-old boutique hotel situated just above the northern entrance to the Avenue of the Giants in Scotia. It offers a unique blend of historic charm and modern luxury. With its recent renovation in 2021, the hotel now boasts 22 beautifully designed guest rooms and suites. They provide a comfortable and stylish retreat for guests. Cannabis enthusiasts in 2024 will be delighted to know that Scotia Lodge is cannabis-friendly. The hotel provides a designated smoking area where cannabis enthusiasts can enjoy their favorite strains.

RoMarley Beach House – Riviera Maya, Mexico

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RoMarley is a seaside paradise for cannabis fans who want to get away to the tropics. In the beautiful Riviera Maya, this one-of-a-kind retreat offers guests a variety of luxury lodging and services to help them enjoy their love of cannabis. As an exclusive beach club, this cannabis-friendly retreat offers something new. This environment allows guests to get lost in the spirit of paradise.

RoMarley Beach House offers private smoking places and guided cannabis experiences to make sure that all marijuana fans have a great and relaxing holiday.

The Arrowhead Manor – Denver, Colorado

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The Arrowhead Manor, a boutique hotel in Morrison, allows guests to smoke weed in the outdoor patio, and will book a cannabis-infused chef upon request. Guests at The Arrowhead Manor can indulge in their love of cannabis while enjoying the breathtaking views from the outdoor patio. For those looking for a truly unique culinary experience, the hotel also offers the option to book a cannabis-infused chef, ensuring a relaxing and flavorful stay. Any licensed and open option requires planning and traveling.

The Flying Pig Downtown Hostel – Amsterdam

The Flying Pig Downtown Hostel in Amsterdam is a popular choice for budget travelers looking to explore the vibrant city. Located in the heart of Amsterdam, this hostel offers affordable accommodations without compromising on comfort and cleanliness. Guests can light up their favorite type of weed, have a drink, and talk with other guests and staff. They also have a nice little deck outside.

#IntheWeedswithSteve Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.

Thank you for consideration.
Inspirational Technologies
InspirationalTech.org for your Health Wellness Beauty and Inspirational Goals

For More Information on Cannabis and CBD and YOU.

AllRightsReserved2024

1st Hemp USA News is a resource of Inspirational Technologies (2024)
Continue reading Cannabis-Friendly Hotels To Visit This Year