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Will the Cannabis Industry Ever GET HIGHER OPPORTUNITY?

There is a perception that licensed legal cannabis businesses are essentially printing money.

Year after year, mainstream news articles tout the exponential growth of the industry, the record-breaking sales figures each 4/20 and the increasing number of states enacting or considering legalization.

However, these reports exclude how increasing competition, festering federal uncertainty, a prospering illicit market and crippling taxes and regulations chip away at profits.

In fact, due to 280E, a typical multi-state operator is paying an effective tax rate of more than 60% each year, while Amazon’s effective federal income tax rate was 6.1% in 2021.

2022 Will Be a Regulators Recognition Day to the Majority

Although the cannabis space is still growing and will only increase in size, the sad truth is a reckoning is coming.

The realities of the macroeconomic conditions impacting every other industry cannot be avoided and are an increasing drag on an already overburdened industry.

Rising inflation rates and concerns over political uncertainty are taking a toll.

And the cannabis industry has its own unique problems that keep real progress at bay:

A high taxation rate pushes many consumers away from the regulated market and to illicit dealers where products aren’t guaranteed to be tested and safe.

3rd Party Certificates Of Analysis (COA) determine what is in the sample tested. Look for the Good and the Bad. *Pesticides, Heavy Metal or Added Toxins

Falling wholesale prices and increased competition force discounting that flatten margins.

The lack of federal legislative action on banking issues continues to weigh the industry down. Forces are combining to create the industry’s first sustained downturn, which is already underway.

There have been layoffs at high-profile cannabis tech companies. Shares of some publicly-traded cannabis companies have plunged more than 70% since February 2021.

Sales are off from projected levels. And merger and acquisition activity will continue to force rightsizing.

Price wars drive down revenue; social equity efforts stall Development of industrial agricultural processes in cannabis has led to commodification of the crop, pushing wholesale prices down by 18% year-over-year.

In the meantime, increased competition is leading some less sophisticated cannabis retailers and brands to dramatically discount products, relinquishing millions in bottom-line revenue in the process.

While price compression was expected, it arrived sooner and has been more formidable than anticipated.

And there’s little chance price compression will reverse on a commodity crop.

As states expand their markets by adding licenses for more dispensaries and producers in an effort to maximize tax revenue, the problem is exacerbated.

Department of Agriculture (USDA)

More outlets equal more taxes but also increased competition which has ignited a race to the bottom in discounting.

Progressive state laws embolden the illicit market.

The cannabis industry and many recent states legalizing adult-use cannabis have made it clear that cannabis policy is also a social equity issue.

But the progress of awarding licenses to social equity applicants is stymied by the industry’s ongoing lack of financing options.

It is laudable to award 50% of adult-use cannabis licenses to social and economic equity applicants as New York requires.

However, if these businesses cannot access necessary capital to stand up an operation, they will never succeed.

Until the industry’s longstanding banking problems are resolved at the federal level, social equity efforts are bound to fail.

Federal Policy: Dead on Arrival

Like everyone else, I was hopeful 2020’s ‘Blue Wave’ was going to be beneficial for the cannabis industry. But we were all bamboozled by politicians who lied to get the job and have not followed through on their empty promises.

Even despite the watershed moment of Senate Majority leader Chuck Schumer placing the full backing of his office behind cannabis legalization, midterm-election-year politics doom any real federal legislative progress this year.

As congressional minutiae around state protections and safe banking for cannabis continues, we are watching the slow-motion decimation of a powerful job-creating industry, hamstrung due to ineffective leadership that is over-regulating and overtaxing on a state level and completely disregarding and obstructing on a federal level.

President Biden ran on his support of the cannabis industry, yet continues himself to manufacture roadblocks against legalization while the country experiences an eye-popping 25% increase in federal cannabis arrests under the Biden regime.

Senator Schumer has been completely ineffective introducing legislation that overreaches and is DOA by the time it hits the floor.

While cannabis receives 92% approval at some level from bipartisan constituents, these voters’ representatives continue to work to override the will of the people.

The time to receive clear and defined guidance on banking issues from the federal government is now.

Our federal representatives must level the playing field for the cannabis industry and allow the same participation in corporate banking and taxes granted to every other regulated industry, from pharmaceuticals to the alcohol industry.

All is not lost:

What’s going right Despite the industry’s current ongoing challenges, growing pains should be considered as the natural lifecycle of a nascent industry certain to experience continued long-term growth.

Although layoffs are personally painful, eliminating redundancies and reducing costs are beneficial to a company’s health and necessary for rightsizing an organization for the long haul.

Rightsizing an organization demonstrates responsibility and accountability from senior leadership in an industry that often sees more ego-driven, inexperienced decisions.

Bottom-line: duplication and wasteful spending are just as bad in a good economy as one under pressure.

Smart reductions re-set the table for stability and long-term growth. Then it’s go-time for material progress, otherwise perhaps we need to see some change at the top.

In the end, long-term growth is the ultimate goal, particularly for an industry that is still in its infancy.

And the prospects for long-term growth are overwhelmingly positive.

In January, U.S. employment in the cannabis industry stood at nearly 429,000 full-time jobs and growing.

Even as the country went through the second year of the pandemic, the sector saw a 33% increase in new careers, creating more than 107,000 jobs thus far in 2022.

That’s about 280 new jobs per day. Of course, there will be tough decisions to be made in the near term. But industry job growth is expected to continue, especially as new markets come online.

In essence, the cannabis industry is not immune to the current economic instability impacting every other facet of the economy. But combined with the industry’s other unique challenges, this turmoil provides an opportunity to course-correct for the next stage of growth and the eventual reform at the federal level.

As cannabis industry leadership steps up to make the tough decisions, we can only hope – and demand – those political leaders do the same.

1 – Change is coming in the world of banking.

A lack of access to banking is not new news for the cannabis industry, which faces significant roadblocks in operation. But there are two potential beacons of hope for cannabis companies — the Secure and Fair Enforcement (SAFE) Banking Act and changes to the IRS Code 280E.

The SAFE Banking Act sets out to protect access to banking by members of the cannabis industry. It was passed in the House in 2019 but died in Committee. Since then there has been ongoing debate but its passage has been hindered by Republicans in the Senate. It was passed again in the House earlier in 2021 and is back at Committee stage.

There are also ongoing discussions about changes to IRS Code 280E. This specific section of the Internal Revenue Code prohibits the deduction of several business expenses on federal taxes for businesses presently engaged in trading controlled substances, like cannabis.

While these two pieces of proposed legislation are still being debated,  there are signs that momentum is building for change, and we predict that big things are coming soon.

2 – 2022 cannabis trends show that federal legalization is closer than ever.

It’s no secret that the legalization and decriminalization of cannabis are trending favorably. Even before the Presidential election of 2020, members of Congress had introduced several bills aimed at loosening federal restrictions or decriminalizing cannabis.

MORE Act

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which would have decriminalized cannabis and expunged criminal records for nonviolent cannabis offenses.

STATES Act

The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act would have prohibited federal enforcement actions against cannabis conduct that is otherwise compliant with state law.

The Cannabis Administration and Opportunity Act

The Cannabis Administration and Opportunity Act only complicated the legalization landscape even more in 2021. This comprehensive bill would significantly change how cannabis is regulated by the federal government, enable interstate commerce in cannabis, and decriminalize cannabis.

As with the banking situation, there is no clear and direct path to any of these bills becoming law. Regardless, it’s clear that Congress continues to push forward in favor of the cannabis industry.

Surprisingly, it’s not just the Democrats in Congress making moves. U.S. Republican Nancy Mace from South Carolina just introduced a new bill to decriminalize cannabis, promoting each state’s individual preference for treating cannabis. Again, while this bill is still some distance away from becoming law, this new and refreshing energy from a Republican in a red state could help thrust the ongoing debate forward.

3 – Integrated technology in cannabis is ever-evolving.

The cannabis industry is no stranger to integrated technology. To help evolve and refine the cannabis experience, we’re expecting a growth in the number of cannabis products and consumption tools that harness data and new technology emerging in the upcoming year.

From vapes that developers can routinely update to QR codes on product packaging, cannabis tech will continue to get more intelligent and innovative, on a par with all other smart household devices.

Cannabis is quickly embracing the Internet of Things, which will prove to be a benefit to producers and consumers alike. With the data this technology provides, marketers will begin to gain insight into what effects people are experiencing and how they are enjoying their cannabis.

Take, for example, the latest technology for being able to test potency from the comfort of your own home. How potent is your cannabutter? Are you tired of guessing when it comes to dosing? The Check Potency Testing Thank you for consideration.

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For More Information on Cannabis and CBD and YOU. Click On the Following Link

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Plus technology allows you to eliminate all the guesswork.

Now, for both THC and CBD, always check their COAs!

4 – Say hello to consumption lounges.

One of 2022’s cannabis trends we’re most excited to see is the rise in the number of  consumption lounges and, as a direct result, the growing profile of cannabis in the tourism sector.

Because of the legality concerns of using cannabis in many states across the country, consumers have mostly been forced to indulge in private. But, as the market continues maturing and decriminalization gathers steam, consumers will begin pushing for more elevated experiences.

The solution to providing an elevated cannabis experience will be the introduction of consumption lounges.

Nevada has passed legislation allowing adults to eat or smoke cannabis in consumption lounges and in doing so has become the eighth state to legalize pot lounges. In mid-2022, we can expect to see the first Vegas consumption lounges opening.

While consumption lounges are mostly rarities and tend to be slow to open, they will set the stage for breaking down some of the boundaries the industry faces today. Consumption lounges will be sure to help with boosting cannabis sales, de-stigmatizing the plant, and potentially supporting social equity.

Consumption lounges will create another venue for industry leaders to connect directly with their customers. In addition, they will open up endless possibilities for experiential marketing. As consumers return to public life with the ever-present craving for novelty, this segment is primed to become even bigger post-pandemic.

As cannabis tourism continues to trend favorably, we can only anticipate seeing more growth in this area, including things like cultivation classes, cannabis-spa packages, dispensary and farm tours, and even cannabis hotels and restaurants.

5 – There will be new cannabis products to look out for. 

With a new year comes the emergence of new product offerings. The cannabis flower will continue its reign as king in most markets. Again, touching on the post-pandemic market filled with consumers looking to socialize in large groups once again, we’ll see the rise of new cannabis products that accommodate this lifestyle.

We expect to see canna-beverages exploding in the next year. Innovative technologies in the cannabis industry continue to improve emulsion techniques and nanotechnology. At the same time, more and more Americans are seeking out non-alcoholic alternatives. It’s the perfect time for something like canna-beverages to enter the market, filling that void as a lower-calorie, non-hangover-inducing option.

6 – Celebrities setting the trends in investing.

A growing number of sports stars, musicians, and actors, including some of Hollywood’s biggest names, are trying their hand at investing in the cannabis industry. As cannabis continues to trend in the mainstream, many famous folks are hopping into the business. Here are just a few noteworthy celebs and their brands:

Snoop Dogg’s Leafs By Snoop

Martha Stewart’s Martha Stewart CBD

7 – Cannabis technology will make growing accessible to anyone with the time and patience’

One of the primary benefits of hydroponics is that it eliminates the guesswork from crop maintenance.

8 – Cannabinoids and psychedelics will begin to diversify.

Not surprisingly, THC and CBD will remain on top of everyone’s list, but some of the 100-plus lesser-known cannabinoids are going to start to become more and more popular.

Be on the lookout in the upcoming year for some of these less common cannabinoids:

Cannabigerol (CBG)

Cannabinol (CBN)

Tetrahydrocannabiphorol (THCP)

Tetrahydrocannabinol-O-acetate (THC-O)

Delta-8 tetrahydrocannabinol (THC)

These compounds, that can be used to achieve new highs and treat various conditions, will be continuously studied to determine their specific benefits.

In the world of psychedelics, cannabis is also moving mountains in terms of paving the way for the legalization of psilocybin mushrooms and other psychedelics. Using cannabis’ path as a guide, many have already started exploring the therapeutic potential of these plants, and grassroots organizers are pushing for decriminalization and legalization.

9 – Things will heat up in the kitchen with more cannabis cooking.

Cannabis is booming —so much so that this period we’re currently in is referred to as the Green Rush. Everyone is getting on board with cannabis, which is why we’re not too surprised to see it in the heart of the home, the kitchen.

It’s incredible to see how far it’s already come. Even the notable Food & Wine released an article this year titled The Food & Wine Guide to Culinary Cannabis, with everything including the basics, how to make your own cannabutter, and some drool-worthy recipes.

Don’t just take our word for it. Check out some of our top picks:

Cannabis-Infused Brioche French Toast

Cannabis-Infused Pasta with Clams and Green Chiles

Cannabis-Infused Citrus-Caramel Blondies

10 – Investment opportunities will be on the rise.

Investors are growing more confident as the cannabis industry continues moving towards federal legalization. These investors will continue to use the same tactics they have in the past for more traditional businesses but instead pour their money into cannabis brands. 2022 cannabis trends suggest that the funding drought will be over for many.

Cannabis marketing departments will be messaging not only B2B or B2C but also digging deeper into market segments and B2I. We’ll be watching cannabis founders become experts at raising capital in both maturing and newly approved markets, with more Special Purpose Acquisition Companies (SPAC) and venture capital funds getting involved in the cannabis space.

11 – Global growth of cannabis will bring broader branding and marketing efforts.

The largest and oldest trade show in the cannabis sector is MJBizCon. At this year’s conference, we are likely to see an increase in global growth with contributing countries beyond the United States, including Paraguay, Germany, and Argentina.

We are expecting to see the largest national companies in the United States start gearing up for importing and exporting. With it will come a better positioning in a future global market for cannabis.
‍

Comply Bag Technology

This growth will open up an international approach to cannabis branding and marketing and show us what it might look like as more cannabrands reach a global scale and achieve international recognition.

12 – Cannabis and wellness will become synonymous.

Cannabis isn’t the only industry that’s booming right now. With it is the wellness market, which is currently measured in the trillions of dollars. Cannabis brands are leveraging their messaging to be more wellness-centric, promoting things like personal optimization to reach new prospective consumers.
Companies can use that familiar shorthand to introduce their products and tout their benefits because consumers are fairly well versed with the language and ethos of the supplement industry. We’ll see more cannabrands educating customers that are curious about cannabis products in the upcoming year. A prime example is how they can incorporate products like concentrates or tinctures into their self-improvement, wellness, and workout routines.

Final thoughts.

So, there you have it. Thank you for the Internet’s top 12 predictions for the cannabis industry in 2022 show that there are exciting things ahead..

2022

cannabis trends are favorable as we move towards federal legalization and, with it, uncharted territories.

 

Thank you for consideration.

Inspirational Technologies

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. Click On the Following Link

Cannabis CBD and Me

USE PROMO CODE ” QPRBBV78NY ”

CLICK HERE TO BE DIRECTED TO MY SMARTCBDelivery.com Site.

USE PROMO CODE ” QPRBBV78NY ” (COPY & PASTE) @ E-COMMERCE WEBSITE & SAVE 15% OFF ALL ORDERS

 

Free Delivery, Priority Mail in US,

Same Day Packaging and Processing,

100% Happiness Guaranteed, 3rd Party Testing (COAs on Website).

Subsidiary of MCOA Marijuana Company Of America.

AllRightsReserved2022

1st Hemp USA News is a resource of Inspirational Technologies (2022)
Inspirational Technologies (2022) AllRightsReserved
Your ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-
THANK YOU FOR YOUR INTEREST
*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.

 

Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment
Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

Cannabis CBD and Me  
Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos by Steven M Smith

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“Happy National CBD Day!” to all those who are inspired! from “Inspirational Technologies” 8/8/2023

August 8, 2022 Inspirational Technologies 1stHempUSA

The Story of Why There is a National CBD Day

National CBD day is a relatively new holiday. It is perhaps inevitable that advocates of the cannabinoid would look to celebrate it. After all, there are many other days throughout the year associated with cannabis.

These include April 20 (the famous 420 Day) and National Cannabis Oil Day, which falls on July 10. It is also called 710 Day.

Steven Smith
Steven Smith in 2020

It seems that 4-20 4:20 4/20 (MJ) and the Storyline behind it’s origin are all in everyday 420 News “High” lights.

On the the other side of our cannabis culture , did you know that the popular Marijuana’s’ co-species counterpart, Cannabinol or “CBD” has itself a National CBD (Hemp) Day?

August 8th. 8/8

Hemp or Cannabidiol, Has A Happy CBD (Hemp) Day

SO – Let’s Get “Flower Power Education” Today

Happy 420 and Happy CBD DAY!

Just how did there become a National CBD Day?

Well, a North Carolina CBD company CbdMD

achieved that in 2018.

In fact, the company also successfully lobbied for a National Hemp Day, which just saw its inaugural celebration on February 4.

CbdMD president Caryn Dunayer says both efforts were inspired by the lack of marketing and advertising available to hemp and CBD companies, which can be ostracized by media platforms and regulators because of their association with marijuana.

“We’ve tried to be strategic and creative in the marketing side,” Dunayer says. “In the cannabis industry, it’s extremely challenging to find traditional marketing. We can’t do SEO [search engine optimization] and social media, so we’ve kind of taken a guerrilla marketing approach. It started with that approach, and then the whole methodology after was trying to get attention to the education side.”

If it’s on a hot dog, then it’s American.

The CBD industry seems to agree with the marketing-before-education approach, with a mountain of deals and promotions offered today,

August 8, in honor of National CBD Day.

However, CBD’s legal status with the federal government isn’t solidified yet, and hemp was just legalized federally in late 2018.

The United States Food and Drug Administration still keeps CBD derived from hemp in a gray area, but considers ingestible products containing CBD illegal, including edibles, drinks and vaporizers.

CBD products face heavy scrutiny outside of states like Colorado, which have legalized recreational marijuana and hemp-infused foods, but that hasn’t stopped companies from making and marketing them, and those companies generally remain out of trouble as long as they don’t make any unsubstantiated health claims about the products. “We try to be as conservative as possible with claims and testimonials, and let real stories talk for themselves,”

Dunayer says. “We saw the value in how much creating a day like this could help the industry. And on the marketing side, selfishly, we can take a little credit.”

For Anderson and his organization, most of the criteria for adding a day comes from society’s acceptance, though he insists that the National Day Calendar committee did its due diligence when considering CBD’s medical efficacy and the reputation of the petitioner, CbdMD.

His organization has only created 200 days during its six and a half years, he says, so it didn’t take adding CBD or hemp lightly.

“There are about 20,000 applications for new days every year. Then there’s a committee of four people who review them, and that needs unanimous approval. Socially, it’s all becoming more accepted, even THC.

But CBD has additional purposes, so it was more about bringing about the awareness,” Anderson says, adding that he looked into National CBD Day’s application himself.

“They do tend to end up where the money leads, but it’s not always that way. Some of them are for the good for the world.

With that said, if you’re going to celebrate a national day about something, then celebrate with it.” Along with celebratory product promotion, Dunayer says that CbdMD will post educational content on its website and social media as part of its National CBD Day campaign.

Colorado companies are doing much of the same. In fact, they already view other national days as opportunities for connecting with customers. “We’re always looking for ways to amplify the message and reach different people to expand the education of CBD,” says Stratos CBD branding executive Kate Heckman.

Stratos has also looked at National Grandparents Day and National Massage Therapy Awareness Week to further promote the brand, she notes, suggesting that other companies in the CBD space should do the same.

“It’s sort of an American thing to commercialize it, but it’s also a reason to educate,” she concludes

August 8th – Happy CBD Day 2022

Welcome to Inspirational Technologies 2022.

Hi, My name is Steven Smith

Steven M Smith –
owner “Inspirational Technologies

It has been 2+ years since my initial run in with the topic of CBD, and with that, IT, became a pursuit.

My wife, Janet, and I were en route from Florida (January 2020) to California for a planned 2 months stay. We were to attend a funeral and visit relatives. Then drive the west coast. What began as a call to me became a call to help, both for my wife and forothers:

After that 2 months visit, ours lives are now and forever changing daily.

See Our Story on this link.

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. Click On the Following Link

Cannabis CBD and Me

USE PROMO CODE ” QPRBBV78NY ”

CLICK HERE TO BE DIRECTED TO MY SMARTCBDelivery.com Site.

USE PROMO CODE ” QPRBBV78NY ” (COPY & PASTE) @ E-COMMERCE WEBSITE & SAVE 15% OFF ALL ORDERS

 

Free Delivery, Priority Mail in US,

Same Day Packaging and Processing,

100% Happiness Guaranteed, 3rd Party Testing (COAs on Website).

Subsidiary of MCOA Marijuana Company Of America.

AllRightsReserved2022

1st Hemp USA News is a resource of Inspirational Technologies (2022)
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4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

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Greenwave to Ring Nasdaq Opening Bell

Greenwave to Ring Nasdaq Opening Bell


August 9, 2022 Source: Greenwave Technology Solutions, Inc.

CHESAPEAKE, Va., Greenwave Technology Solutions, Inc., a leading operator of 11 metal recycling facilities in Virginia and North Carolina, today announced that management will participate in an Opening Bell Ceremony at the Nasdaq Stock Market on Wednesday, August 10, 2022.

Greenwave Technology Solutions

Danny Meeks, Greenwave’s Chief Executive Officer, will lead the ceremony alongside members of the Company’s Board of Directors, advisors and investors. The Opening Bell Ceremony celebrates Greenwave’s recent uplisting to Nasdaq.

“This is an exciting time for Greenwave’s shareholders as we are aggressively growing our revenues, generating positive cashflows from operations, and nearing the completion of the installation of our second automotive shredder, which will more than double our processing capacity,” stated Danny Meeks, Chief Executive Officer of Greenwave. “We’d like to thank Greenwave’s shareholders for their continued support and trust. We look forward to keeping you updated on our progress.”

The ceremony will begin at approximately 9:20 a.m., Eastern Time and can be viewed live or via replay here.

Thank you for consideration.

“We, at Inspirational Technologies, are applauding the efforts of Greenwave Technologies and their introduction into NASDAQ: We support such Green technology industry advancements and thank you for your efforts in our own Green climate accord , along with our valued efforts,Paramount to Success. Doing our best for every step to success.” Steven M Smith & Inspirational Technologies USA

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  Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned. Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the 4 Hemp key points being Health Hope and Happiness, thru Hemp“. Cannabis CBD and Me  

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Cannabis Global – CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio.

Cannabis Global (CBGL) Closed Q2 2022 and Sees Healthy Continued Revenue Increases, Provides Investor Updates


LOS ANGELES, CA July 21, 2022 Cannabis Global, Inc. CBGL Cannabis Global, Inc., a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today provides an update for its investors and the marketplace after reporting its third fiscal quarter ending in May 31, 2022.

2022 Will Be CBGL Year To Watch

During the third fiscal quarter the Company continued to expand its customer base and the number of products manufactured and distributed. Four new products were launched in the edibles space and five in the solventless. New orders grew significantly during the quarter for solventless cannabis concentrates, zero cannabis taste edibles, and concentrate based flower products. Over the coming weeks the Company expects these products to be delivered to both storefront retailers and delivery companies. During the current quarter, which ends on August 31, 2022, the Company also expects to launch its Northern Lights brand consisting of premium flower-based products, edibles and solventless concentrates.

“During this recently reported quarter, we experienced numerous successes relative to product rollouts, customer orders and deliveries. We believe the strong growth in our order pipeline from significantly sized retailers will allow us to continue to experience growth in product revenues,” commented Arman Tabatabaei, Chief Executive Officer of Cannabis Global, Inc. 

Cannabis Global 2022

For the third fiscal quarter, the Company produced revenues of approximately $792,000, a sequential increase of approximately 25% over the previous quarter. Revenue growth during the quarter was a result of increased orders from recently introduced cannabis brands and an expansion of distribution related activities. Total assets rose to $14.9 million as of May 31, 2022 from approximately $11.4 million as of May 31, 2021. 

About Cannabis Global, Inc. 

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag(TM), an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Thank you for consideration.

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  Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to “Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned. Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the 4 Hemp key points being Health Hope and Happiness, thru Hemp“. Cannabis CBD and Me  

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RSO – How to make your own Magic Happen

Making your own RSO at home is not difficult, and the process isn’t all that different from making cannabutter or other kinds of infused cannabis oil. Rick Simpson recommends using indica cannabis strains for best results, although you can use any strain, especially if a particular one works best for your medical condition.

Who is Rick Simpson and Why is His Medical Marijuana Oil Special?


Rick Simpson Oil, more commonly known as RSO, is one of the first examples of modern medical marijuana extracts. It was first introduced in the early 2000s and thanks to its powerful potency and therapeutic effects, it has since become a staple for many medical marijuana patients. To better understand RSO, its use and its benefits, let’s first learn about the man behind the medicine: Rick Simpson.

WHO IS RICK SIMPSON?

Rick Simpson is best known as a medical marijuana cultivator and activist. Before he became a pioneer in the medical marijuana community, Simpson was an engineer working in Nova Scotia, Canada. It’s here that a work-related injury changed his life forever.

In the late 1990s, Simpson was removing asbestos from a poorly ventilated hospital boiler room when he collapsed from toxic fumes and knocked himself unconscious. Simpson was given immediate medical attention, however, he continued to suffer from dizziness and ringing in his ears (also known as tinnitus) for years following the incident.

Rick simpson

Rick Simpson is best known as a medical marijuana cultivator and activist.

Traditional pharmaceuticals and pain prescriptions failed to provide Simpson with the relief he so desperately needed. He started to research alternative forms of treatment and soon began growing and using marijuana. Finally, he was able to manage his symptoms—all from a plant in his garden no less!

Some years later, in 2003, Simpson was diagnosed with a form of skin cancer known as basal cell carcinoma. This led him to further explore marijuana as medicine. Simpson read a study from The Journal of the National Cancer Institute in which Tetrahydrocannabinol or THC (the main psychoactive cannabinoid in marijuana) was found to kill cancer cells in mice. Inspired, he extracted oil from his plants and methodically applied it to his skin. As the story goes, the cancerous growths on his arm disappeared in less than a week. From this point on, Simpson was a true believer in the medicinal benefits of marijuana and was determined to share his discovery with the world.

Notably, as a testament to his character and passion, Simpson chose not to patent his oil or his method of extraction. Instead, he encouraged RSO to be accessible to all who needed it.

2022 Will Be CBD’s Skin Care Year To Watch

WHAT IS RSO AND HOW IS IT MADE?

It’s up for debate but RSO can be defined as a full-spectrum extract—at least this is the case for Calypso. The buzzword ‘full-spectrum’ refers to full-spectrum cannabis oil (FSCO) or full-extract cannabis oil (FECO) in which all the compounds of the marijuana plant (e.g., flavonoids, phenols, fatty acids, terpenes, and cannabinoids) are maintained during extraction.

More research is needed, but there is reason to believe full-spectrum extracts can provide more therapeutic effects for patients. Specifically, experts note what’s called “The Entourage Effect” or the theory that marijuana compounds work together, and when taken together, produce a better effect than when taken alone. In other words, the whole is greater than the sum of its parts.

Of course, it’s the method of extraction that determines if compounds can be stabilized and maintained. Ethanol, low heat, and patience can yield full-spectrum extracts. Other types of solvents like alcohol or butane can be used to extract RSO, however, at Calypso, we choose to follow best practices and use food-grade ethanol.

Ethanol, low heat, and patience can yield full-spectrum extracts.

RSO can be extracted from any marijuana strain, though Indica-dominant strains (strains often associated with calming effects), as well as strains with high levels of THC, are desired. Depending on what strain is used, the color and consistency of RSO can differ. Some marijuana strains produce a light amber color with a gooey consistency, while others produce a dark, thick consistency like molasses. Nevertheless, the end product is a highly potent oil (>60% THC), which is why it’s recommended for patients with conditions that require a high dose of THC or for those who have a high tolerance to THC.

HOW IS RSO CONSUMED?

RSO can be consumed in a multitude of ways, making it a versatile choice for patients with different conditions. In general, however, RSO is often applied as a topical or ingested orally. As such, Calypso provides two options for patients: (1) capsules and (2) syringes.

Capsules offer more precise dosing, while syringes can be used to squeeze oil under your tongue (sublingual), onto your skin (topical), as well as into foods or liquids (oral). Oral consumption results in slower onset, but long-lasting relief, compared to other methods.

RSO is often applied as a topical or ingested orally.

Keep in mind, as a full-spectrum extract, RSO can be pungent and sometimes bitter to some patients! Luckily, its taste is easily masked with food or drinks. Good ‘fatty’ snacks like peanut butter, avocados, or yogurt are ideal options and can help increase your body’s absorption rate. Another idea is to freeze individual doses on a piece of parchment paper, then dilute the oil in your morning coffee or tea.

WHAT ABOUT DOSING?

As mentioned earlier, Rick Simpson was transparent about his extraction method for RSO as well as his treatment experience. This led him to develop and share a regimen for others to follow based on his findings. Simpson recommends patients ‘start slow’ and allow the body to build up a tolerance to THC, then acclimate to its effects

Don’t want to cook?

Rick Simpson Oil recipe

This recipe will produce the full 60 grams of oil for a 90-day treatment regimen. If you’re looking for a smaller treatment course, you can easily divide the recipe into smaller amounts. For example, one ounce of cannabis will produce 3-4 grams of RSO.

Ingredients: 1 pound of dried cannabis material (indica strain)

2 gallons of solvent—Rick recommends 99% isopropyl alcohol, but you can also use wood grain alcohol

5-gallon bucket Deep bowl Wooden spoon for stirring Cheesecloth Rice cooker Plastic catheter tip syringe (60mL)

Place dry cannabis material into the 5-gallon bucket and pour in the solvent until the plant matter is covered.

Stir and crush the plant material with your wooden spoon while adding the solvent to your mixture. Continue stirring the mixture for about three minutes while the THC dissolves into the solvent.

This will dissolve about 80% of the THC into the solvent. Drain the solvent from the plant material into your bowl using the cheesecloth.

Place the plant material back in the bucket and add more solvent. Continue stirring for another three minutes.

Drain the solvent from your plant material into your bowl using the cheesecloth and discard the remaining plant material.

Transfer your solvent to your rice cooker until it is about ¾ full and turn on your rice cooker.

Note: While you don’t necessarily need a rice cooker, if you’ve never made RSO before, rice cookers are exceptionally useful in this instance for maintaining a slow, steady temperature.

If your mixture heats above 300°F (148°C), the cannabinoids will cook off and the RSO will be unusable.

It is not recommended to use a Crockpot or slow cooker, as this may overheat your mixture. The rice cooker should maintain a steady temperature between 210-230°F (100-110°C), which is the correct heat setting for decarboxylation to occur.

As the rice cooker heats up, the solvent will slowly evaporate. Continue to add your mixture to the rice cooker gradually. Note: Make sure your rice cooker is in an open, well-ventilated area, and avoid all flames, stovetops, sparks, and cigarettes, as the solvent is highly combustible.

Once the solvent has evaporated, siphon the oil into your syringe for easy dosing. The RSO will be thick, so if you have trouble dispensing it, run the syringe under hot water and the RSO mixture should dispense with ease.

Thank you for consideration.

Inspirational Technologies
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1st Hemp USA News is a resource of Inspirational Technologies (2022)
Inspirational Technologies (2022) AllRightsReserved
Your ONE STOP BLOG FOR INFORMATION, EDUCATION, & INSPIRATION OF ESSENTIAL INNOVATION & RENOVATION of You-
THANK YOU FOR YOUR INTEREST
*This site receives virtually no compensation for sales of some or all mentioned products. We however place humanitarian value over monetary interests. Our monetary income goes back into research, development, discovery and healing.

 

Inspirational Technologies – is Committed to Your Health Wellness Beauty and Enrichment
Reporting on Today’s Internal Botanical and Skin Product Benefits

4 Hemp Club was Inspired by Steven Smith’s vision to

“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.

Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the

4 Hemp key points being Health Hope and Happiness, thru Hemp“.

Cannabis CBD and Me  
Inspirational Technologies Inspirational Technologies (2014) @Inspire123tech Background Noise Studios Logos by Steven M Smith

AllRightsReserved2022

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