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Posted on 11/25/202111/25/2021 by Steven M Smith — Leave a comment

What Is Delta-8-THC?

Δ8-tetrahydrocannabinol (commonly known as Delta 8 THC) extracted from the hemp plant has been shown to have many therapeutic effects including…

What Is Delta-8-THC?

Delta-8-THC is similar to both delta-9-THC and CBD, the non-intoxicating cannabinoid. D8 shares many of the same medicinal benefits of both D9 THC and CBD.

Moreover, its intoxicating effects lie somewhere in between those of D9 THC and CBD.

Like these other more well-known cannabinoids, D8 is excellent for reducing inflammation, relieving pain, taming anxiety, preventing nausea, and much more.

But the thing about D8 THC is there’s not really enough of it to go around. While cannabis flower can consist of up to 30 percent THC and CBD, D8 THC is usually produced in quantities of less than a fraction of a percent. This difficiency of D8 makes it economically unfeasible to produce in mass quantities.

Or does it…. Interestingly, CBD can be converted to D8 THC after extraction. And CBD oils can be legally mass-produced from hemp (non-intoxicating strains of cannabis). Now you’ve got an intoxicating (albeit mildly) compound without having to grow marijuana, which, as we all know, is federally illegal.

Is Delta-8 THC Legal?

If there’s one thing the government doesn’t like it’s when people figure out ways to get around their rules. So, when D8 started becoming the new rage, the USDA decided to make it clear that all synthesized cannabinoids are Schedule I controlled substances.

So now the question becomes, what exactly does “synthesized” actually mean. And therein lies the D8 debate. While the feds say D8 is synthesized, the National Hemp Association, begs to differ. The group claims that because D8-THC is made from natural CBD, it does not qualify as “synthetically derived.”

The jury is still out on the legality of D8 and D8 still out on the open market. So far, you don’t need a medical marijuana card. You can buy delta-8 THC online. So far as we know, no one has been arrested for producing and selling D8. While it’s looking more and more likely that the federal government will either legalize or decriminalize marijuana, the question remains as to whether or not the feds will consider D8 to be a synthetic cannabinoid and choose to continue to regulate it.

. The Importance of Delta-8-THC In Medicine Aside from wielding an array of medicinal benefits, one thing that makes D8 THC so valuable as a medicine is that D8-THC is highly stable and has a long shelf life, whereas D9 THC does not. D9 oxidizes over time converting into cannabinol (CBN) which is not as medicinally useful as D8 THC.

So, the short of it is that D8 can hang around in the pharmacy or medicine cabinet a lot longer than D9 while providing many of the same benefits and lowering the risk of excessive intoxication. In various studies, D8 has emerged as a safe and effective pain reliever, anti-inflammatory, anti-anxiety, and anti-nausea treatment.

All of these claims are also made about CBD, however, D8 offers that little bit of an uplifting effect which might make it better for treating depression than CBD. One of the most promising uses of D8, however, might be as an adjunct in the treatment of cancer.

A clinical study done in 1995 explored delta-8 THC’s efficacy in reducing or preventing nausea in children diagnosed with cancer who were undergoing chemotherapy. Data showed that D8 did, indeed, safely and effectively reduced the side effects of chemo.

Many D8 users claim that it is more effective at reducing nausea than common pharmaceutical medications. We expect to see a lot more of this interesting cannabinoid compound in the future — especially in states where marijuana is legal for recreational or medical use where officials are far less likely to care about one more cannabinoid.

Legalization of hemp

The 2018 Farm Bill legalized hemp and hemp products as long as they have less than point three percent of delta-9 THC, the compound in marijuana that causes a high. But the bill doesn’t address delta-8. “It lives in that gray area,” attorney Bill Roark said.

Roark, who teaches cannabis law and regulation, said people may believe delta-8 is legal because it is derived from hemp. “I don’t think anyone can say that the intent of the Farm Bill was to find another way to create a legalized psychoactive drug,” he said. The Food and Drug Administration recently issued a warning that some delta-8 THC products can have serious health risks.

It said there have been adverse event reports in the last year involving 22 patients. They experienced vomiting, hallucinations and other issues. “You don’t know what you’re getting.

You’re getting an adulterated hemp material and so it really needs to be buyer beware,” said Dr. Kent Vrana, a pharmacologist with the Penn State College of Medicine.

When Reisinger was asked whether people are using delta-8 THC to get high, he said, “Not in our experience. I can’t say for every single person. Nine times out of 10, there’s not a psychoactive element that’s hit.

While there’s the potential, we want to be more safe than sorry.” Nineteen states have regulated, restricted or banned the sale of delta-8 THC products. Pennsylvania is not one of them.

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Posted on 11/17/202111/17/2021 by Steven M Smith — Leave a comment

Dipping From The Same Pot. Federal Legalization Of Cannabis Will Shake Up Florida Structure

Florida is a fully vertically integrated state, and this has had some pretty massive impact on the way the legal cannabis market has grown in the state.

Florida, long thought known to have a Medical marijuana policy which would make sense have instead, implemented a system in which all cannabis companies are their own grower, processor, and distribution channels under one corporate entity with zero allowance for cooperation or subcontracting outside of some very special cases of outside products being licensed for production with one of the currently licensed Medical Marijuana Treatment Centers (MMTC, Florida’s term for these vertical cannabis companies).

Evidence of the system’s shortcomings can be found in a number of places and has permeated every corner of the “green rush” here.

Licensing – The first place to look for a clue as to the effects of a government-forced cartel system is in the market itself, based on the numbers available from the Florida Office of Medical Marijuana Use.

The numbers tell us two different stories: one of a stifled market with little incentive for innovation or growth, and one of an industry held back by regulations.

When looking at the effects vertical integration has had on the market itself, the most glaring thing is the limited number of licenses.

Florida started with only eight licenses, then approved four more, then another four, and eventually culminating in the 22 currently licensed operators.

Of those 22, only 13 are currently producing and dispensing products.

This is nearly four years after 71.3% of Floridians voted for Amendment 2, legalizing medical cannabis here in the Sunshine State.

This is fewer license operators than states significantly smaller, and newer to the legal market.

Vertical Integration has created a government-regulated monopoly virtually free from competition, entrepreneurship, and many of the jobs and opportunities normally associated with a growing industry.

Brian Vicente of Vicente Sederberg LLC said in an interview for Cannabis Business Times, “By mandating that anyone that’s allowed to do either of those activities needs to own both, you’re basically limiting yourself to rich people that can enter the market. I think that’s a negative thing in terms of promoting economic and racial diversity in this new industry.”

The point was further evidenced with the original licensure requirement of 30 years in business as a commercial nursery, which has since been ruled unconstitutional.

Product availability –

The second major effect that can be seen from these numbers is the lack of product availability and the slow rollout of normally available delivery methods.

Recreational Delivery Companies in Most States Deliver From A Local Dispensary.

Federal Legalization will allow delivery from Cannabis Depots where shipments

will be tracked into Depots from around the country.

See our post on ComplyBag Technologies

Florida started with only CBD available. When dispensaries first began opening a few months later they could only sell CBD over the counter and had to sell THC by delivery only.

For the first three years of legalization, Floridians were only allowed concentrates and tinctures. It took a lawsuit from Cathy Jordan to get Floridians the right to use whole flower cannabis, which also led to a near doubling of the market.

In case it didn’t jump out immediately, yes that said Florida was legal for three years before whole flower medication was available, and further cements the first downside by being the largest and most blatant constraint on the industry.

The industry was effectively kept at 50% of its capacity for the first three years.

Florida still has edibles only for those who seek Medical Approval for this delivery method and even faced a push this year by state legislator Gayle Harrell to cap cannabis products at 10% total THC.

As Of September 2, 2021

Limitations of vertical integration Outside of the industry in nearly every state. Cannabis titan MedMen has been one of the most successful marijuana firms to date, pushing the vertical integration model for the last several years.

In the last 18 months though, they have been among the hardest hit by a trend of market corrections, culminating in Interim CEO Ryan Lissack telling CNN that, “While vertical integration has been a big focus in the industry, our growing belief is that cannabis is evolving like every other consumer vertical: with a fragmented value chain and specialists at each layer.”

As other states are legalizing cannabis for medical and adult-use purposes across the country, Florida is still dragging its feet on things that should be a given when discussing medical marijuana.

As the major players nationally, and internationally, are moving away from the large mega-corporations and vertical operations, Floridians are still stuck with limited product options from a state-mandated oligopoly.

While there is nothing wrong with successful businesses diversifying into other segments of the supply chain, the evidence suggests that forcing this model onto the industry at large creates a stifled industry that lacks competition, small businesses, and the need for innovation. Specialization is the future, and it’s currently the one thing Florida lacks.

While the National Legalization undergoes it own legalization pains, we must look to states that have “moved the chains of aftermarket legalization”. In California, movement of cannabis products in the State and Subsequent Move to outlying areas are being utilized to help satisfy the recreational market. We in the USA who are interested, involved, curious and betting on the right way to proceed, need to take a step back and LOOK at The Bigger Picture.

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Posted on 11/13/2021 by Steven M Smith — Leave a comment

The Industrial Hemp Industry: An 18.6 Billion Dollar Market by 2027

The Industrial Hemp Industry: An 18.6 Billion Dollar Market by 2027

The source cites, the “rise in usage of hemp seed and hemp seed oil in several food applications, increase in awareness regarding advantages of recreational hemp, and surge in demand for hemp-based beauty and personal care products drive the growth of the global industrial hemp market.”

However, complex regulatory structure for the use of industrial hemp hampers the market growth.

On the contrary, technological innovations are expected to create lucrative opportunities for market players in the future.”

lucrative opportunities?

Yes… a resounding yes. Industrial hemp has nearly

unlimited potential and the surface of that potential has only been scratched.

Much more remains to be discovered about the possible uses of the robust, multi-purpose substance.

Federal legislation in favor of hemp and many state approvals across the country have been a boon to the industry.

And with immense profits to be made, there is no doubt that companies in the industry, will benefit from it.

The hemp industry has evolved into an environment where the imaginations of creative scientists and inventors,

and business savvy entrepreneurs, will now be fully unleashed, leading to a cascade of innovations and surprising twists and turns.

Advanced technology in hemp will broaden product lines, increase efficiency, and boost production levels, ensuring ample funding for research and development for years to come. Technological innovation in the industrial hemp industry is already making a huge impact on several areas of the industry.

The number of consumer products made from hemp is already mind-boggling.

From personal care items to fuel, the list seems to be endless.

Hemp is here to stay and innovators will discover new ways to exploit the remarkable quality that has been known for years , Technological innovation will be the

component to gain an edge in a highly competitive marketplace which will undoubtedly take the industry in some exciting and unpredictable directions.

From the grower to the manufacturer, and from the growing facility to the end consumer, technology is transforming the industrial hemp industry in unimaginable, riveting ways for everyone. For those outside the industry, the knotty question is, “How?” Well, according to the latest Allied Market Research Report, it’s the technological advancements in cultivation and machinery that are able to develop hemp plants more efficiently. These continual advancements are astounding, projecting the global industrial hemp market to “reach $18.6 billion by 2027, growing at a CAGR of 22.4% from 2021 to 2027.”

Just What Does $18.6 Billion Market Value Look Like ?

How much is 18.6 billion you ask?

Well, you have come to the right place to learn all about 18.6 billion!
Let’s start with how you would write 18.6 billion with numbers only:
$18,600,000,000
And this is how you would write 18.6 billion with letters only:
Eighteen billion six hundred million
If you take apart 18.6 billion and turn it into millions you get:
18.6 billion = 18,600 million
If you type in 18.6 billion on your calculator, it may come out as a scientific notation of:
1.86E+10 (1.86 x 10¹⁰)
OK, enough of the basics. Now we will put 18.6 billion in the context of other things, so you can get a better idea of how much it really is:
Spending: If you had 18.6 billion dollars, you could buy 620,000 cars at $30,000/each or 93,000 houses at $200,000/each.
Travel: If you were to travel 18.6 billion miles, you could fly around the world 746,958 times or take a round trip to the moon 38,928 times.
Savings: If you could save $100,000/year, it would take you 186,000 years to save 18.6 billion dollars. If you could save $10,000 every single day, then it would only take you 5,096 years to save 18.6 billion.
Giving: With 18.6 billion dollars, you could afford to give every man, woman, and child in Canada $516.67.
Living: If you could live for 18.6 billion minutes, you would live until you were 35,388 years old.

Hemp may be the salvation in retooling America for greener, more sustainable domestic manufacturing. Inspirational Technologies is Committed to ” #HempMovesTheChains #EnvironmentalHemp #ManufacturingHemp #PlanetHemp “

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New `1st Hemp USA News Exclusive ” 11/9/2021

Cannabis stocks rose Monday for the second straight day after a report by Marijuana Moment that Rep. Nancy Mace (R-S.C.)

is circulating the States Reform Act as a measure to legalize cannabis on a federal level.

Cantor Fitzgerald analyst Pablo Zuanic said late Friday the measure “significantly increases the probability of federal level marijuana reform” during the current term.

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Posted on 11/10/202111/10/2021 by Steven M Smith — 1 Comment

Cannabis Global in Distribution and Purchase Option Agreement for Cannabis Transport System Comply Bag(R)

LOS ANGELES, CA November 10, 2021 Cannabis Global, Inc. , an innovation-oriented company investing in disruptive cannabis technologies, today announces it has entered into a distribution agreement with Humboldt Bliss to distribute the Company’s Comply Bag®, cannabis transport system with integrated smartphone track and trace app.

Cannabis Global

As part of the agreement, the Company also also granted Humboldt Bliss an option to purchase a controlling interest in Ethos Technology LLC, dba Comply Bag®, a wholly-owned subsidiary of Cannabis Global, for $4 million, which controls the products and the associated intellectual property.

David Welch, the managing partner at DRWelch, a Los Angeles-based law firm specializing in regulatory compliance and intellectual property issues with a strong specialization in the cannabis industry, who serves as general counsel of Humboldt Bliss, commented, “We see strong possibilities relative to Comply Bag® especially relating to what most people in the cannabis industry believe will be an upcoming national market for cannabis. Comply Bag® is the best way to stop diversion of cannabis from the legal market into the illicit market and we believe likely to become a standard requirement for Government approved cannabis facilities. As more licensed and legal cannabis commerce occurs, the secure tracking and tracing of cannabis shipments will become a vital interest of both corporations and regulatory agencies.”

Comply Bag® utilizes proven security, tamper resistance, and tracking

features that will allow cannabis companies to transport products

as safely as large financial institutions transport cash and marketable securities.

The product includes the integration of the METRC applications programming interface (API)

into a custom smartphone app that will allow cannabis shippers and receivers to scan shipments

with the information being integrated directly into the leading cannabis track and trace system.

At least 15 states, including California. #CannabisGlobal

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Posted on 11/09/2021 by Steven M Smith — Leave a comment

Cannabis Stocks Rise on Federal Marijuana Measure Prospects!

Cannabis stocks rose Monday for the second straight day after a report by Marijuana Moment that Rep. Nancy Mace (R-S.C.)

is circulating the States Reform Act as a measure to legalize cannabis on a federal level.

2021 Will Be OUR Cannabis Year -Steve Smith

Cantor Fitzgerald analyst Pablo Zuanic said late Friday the measure “significantly increases the probability of federal level marijuana reform” during the current term.

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Posted on 11/07/202112/05/2021 by Steven M Smith — Leave a comment

OG: the Old Gangster is Back

Let’s dig into its weed culture nomenclature — and there are a lot of theories. Some say it’s an acronym for “ocean grown,” “original gangster,” or a shortened version of the word “original.”

If you’ve seen the term “OG” pop up in online media or social feeds, we won’t blame you if you have only a vague idea of what it means.

Most of the time, it seems like an internet slang term that could refer to anything and everything. Urban dictionary’s top definition says it used to mean “original gangster” but is now used as a shorthand for “original.”

A quick Twitter search for #OG ran the gamut from workout goals to happy birthday wishes to pictures of adorable dogs in winter sweaters.

So, what does OG actually mean? The short answer: it means a lot of things to a lot of different people.

In weed culture, OG are two letters you will see in front of a lot of strains that feature the parent strain, OG Kush. Given the frenzied pace of strain breeding right now, hot new strains come and go, but OG Kush has maintained its indisputable popularity. It’s even Weedmaps’ number one most popular strain and reigning Strain Madness champion.