If you want to watch live rocket launch coverage, FLORIDA TODAY’s Space Team will provide updates at floridatoday.com/space, starting about 90 minutes before launch time. You can download the free app for iPhone or Android or type floridatoday.com/space into your browser.
A SpaceX Falcon 9 rocket will launch a batch of Starlink internet satellites from the Space Coast.
Not related to story, however, we encourage our interest. 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.
Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:
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.
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.
Growing Marijuana:
Individuals and businesses are prohibited from growing marijuana.
However, state-licensed cultivators are allowed to grow it.
Penalties:
Florida imposes fines and jail time for simple possession of marijuana.
Possession of any quantity of marijuana is illegal.
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.
Dispensaries:
There are over 450 open marijuana dispensary locations in Florida as of October 2022.
Legalization Efforts:
Florida residents and lawmakers have been exploring adult-use marijuana legalization.
As the cannabis industry continues to evolve, vaping is making strides as a mainstream method for consuming rosin, a solventless cannabis concentrate known for its purity and potency. Despite a general decline in cannabis concentrate sales from 2021 to 2023, rosin has defied the trend, showing strong market growth.
According to Headset data, while overall concentrate sales dipped, rosin’s market share nearly doubled, indicating a shift in consumer preference towards cleaner, more natural cannabis products.
The Rosin market share soared from $24 million to $44 million, climbing from 6.5% to 16% within the cannabis concentrate segment. This growth propelled it past shatter in 2022, making it the second most dominant type of cannabis concentrate, just behind live resin.Industry Leaders Agree
Around the same time that data was released, industry experts at the 2023 Benzinga Cannabis Capital Conference in Chicago gathered to discuss the future of cannabis consumption, with a particular focus on manufactured products like vapes. Luna Stower, CIO of ISPIRETechnology and upcoming speaker at this year’s Benzinga Cannabis Capital Conference highlighted the increasing consumer shift from traditional flower to vape cartridges and disposables.
“Vaporizing offers numerous advantages over smoking, making cannabis more accessible,” Stower explained. She emphasized the importance of adhering to GMP and ISO standards to avoid regulatory issues, making vapes an appealing option for those new to cannabis.
Challenges And Opportunities in Vape Technology
Despite the growing popularity of vaping, challenges remain in finding vaporizers that can consistently deliver high-quality vaporization effects for live rosin. The complex nature of rosin, rich in terpenes, often leads to clogging issues in ceramic heating elements used in vapes. The industry has yet to overcome these technological hurdles to embrace rosin vapes as a widespread consumption method fully.Manufactured Cannabis Products Gain Traction
The conversation at last year’s conference also shed light on the broader trend of manufactured cannabis products gaining market share. Products like edibles and vapes offer higher margins, efficiency, and ease of use than traditional flower, making them increasingly attractive to consumers and businesses. Automation and technology play vital roles in this shift, enhancing the scalability and cost-effectiveness of manufacturing processes.
As the cannabis industry navigates these evolving consumption trends and technological advancements, vaping stands out as a promising area for growth. The move towards safer, more convenient, and more efficient consumption methods like vaping reflects the changing landscape of the cannabis market and consumer preferences.
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.
Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:
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.
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.
Growing Marijuana:
Individuals and businesses are prohibited from growing marijuana.
However, state-licensed cultivators are allowed to grow it.
Penalties:
Florida imposes fines and jail time for simple possession of marijuana.
Possession of any quantity of marijuana is illegal.
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.
Dispensaries:
There are over 450 open marijuana dispensary locations in Florida as of October 2022.
Legalization Efforts:
Florida residents and lawmakers have been exploring adult-use marijuana legalization.
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.
Florida has specific laws regarding marijuana, and it’s essential to understand them. Here are the key points:
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.
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.
Growing Marijuana:
Individuals and businesses are prohibited from growing marijuana.
However, state-licensed cultivators are allowed to grow it.
Penalties:
Florida imposes fines and jail time for simple possession of marijuana.
Possession of any quantity of marijuana is illegal.
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.
Dispensaries:
There are over 450 open marijuana dispensary locations in Florida as of October 2022.
Legalization Efforts:
Florida residents and lawmakers have been exploring adult-use marijuana legalization.
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″. 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:
— 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. 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.
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 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.
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 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, 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.
The latest news on marijuana rescheduling is that the federal government has been talking about cannabis a lot lately. It seems that the U.S. federal government is expected to reschedule cannabis to a Schedule III substance in 2024, according to the U.S. Department of Health and Human Services (HHS).
This move is expected to provide relief to the cannabis industry, which has been struggling with market corrections and over taxation. The rescheduling of cannabis is expected to eliminate the burdensome 280E tax regulation, which prohibits businesses from taking normal business deductions on federal tax returns. This is expected to help stabilize and revitalize cannabis businesses.
As a result of this news, cannabis stocks have been on the rise. However, it is important to note that despite the expected rescheduling decision in 2024, there is little hope for any Congressional progress on SAFE Banking or full legalization. The current contentious political environment combined with election-year posturing will virtually eliminate any momentum for legislative accomplishments during the coming 12 months. The lack of progress will continue to impact the cannabis industry, constraining access to capital and maintaining current financial challenges to the industry.
Please note that investing in stocks involves risks and it is important to conduct thorough research before making any investment decisions.
After the majority of states legalized marijuana in some way individually, perhaps the Schedule I narcotic may finally be reclassified. The federal government still considers cannabis to be a Schedule I narcotic, which is a substance defined as having no medicinal value and a high risk of abuse. Other Schedule I drugs include heroin, MDMA, and LSD. However, the federal government has admitted that cannabis does indeed have therapeutic potential and may not be as dangerous as previously considered. The Department of Health and Human Services (HHS) has recommended to the Drug Enforcement Administration that marijuana be rescheduled to a lower classification. This might render the SAFER Banking Act less critical and could lead to U.S. exchanges allowing the uplisting of U.S. plant-touching companies. The congressional report is a reminder that the road to legal weed is paved with unexpected detours and Congress and the DEA hold the keys.
#IntheWeedswithSteve Be patient Florida, this too, shall pass! Steven M Smith InspirationalTech.org CEO since 2013.
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