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Posted on 12/13/2021 by Steven M Smith — Leave a comment

Aurora Cannabis Again Scores Highest Among Cannabis Corporate Boards in The Globe and Mail’s Board Games Report

EDMONTON, AB, Dec. 13, 2021- Aurora Cannabis Inc. The Canadian company defining the future of cannabinoids worldwide, is pleased to acknowledge the Company’s increased ranking in The Globe and Mail’s 2021 annual Report on Business review of Corporate Boards, known as Board Games.

As recognized in the 2021 Board Games results, Aurora received 77 out of 100 eligible points, ranking notably higher than others in its peer group of cannabis companies.

Aurora Cannabis Logo (CNW Group/Aurora Cannabis Inc.)

For the 20th year in a row, Report on Business has assessed the

boards and governance practices of Canada’s largest corporations

within the S&P/TSX Composite using a rigorous set of governance criteria

designed to go beyond minimum mandatory rules imposed by regulators.

Evaluated across four categories including Board Composition,

Shareholding and Compensation, Shareholder Rights, and Disclosure,

Aurora’s 2021 score signifies a considerable improvement from the previous years’

results of 72 and 67 out of 100 in 2020 and 2019, respectively.

See the source image

Ronald Funk, Chairman of Aurora stated, “With each passing year,

Aurora continues to exhibit growth and maturity across all areas of the business.

Our improved ranking in the 2021 Board Games report is a strong indication

of the progress we are making as an organization as we continue to identify ways

in which our policies and practices can better serve our stakeholders.

I am proud and honored to be part of a Board that stands out from

its peers and demonstrates strength in governance, strategic direction and accountability.”

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Posted on 12/06/2021 by Steven M Smith — Leave a comment

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

Industrial Hemp Industry: An 18.6 billion Dollar Market by 2027

If the title on the Industrial Hemp Industry does not get your attention, how about how “Hemp Will become The New, Bold, Industrial Commodity, Set to Change the Way We envision our future environmental and industrial movement into bioengineering plant and construction development.” This acknowledgement quoted by Steven Smith, Founder of “Inspirational Technologies”, on how the industry has been unfolding and continues to unfold amid technological innovations, has been quoted as “A Bold Statement” from some, however, as being seen from the grower to the manufacturer, and from the growing facility to the end consumer, ‘Bold Technology’ is transforming the industrial hemp industry in unimaginable, riveting ways for everyone.

See the source image

For those outside the industry, the big, bold 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.”

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, including Inspirational Technologies, 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 qualities of it.

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, and “Inspirational Technologies” will be at the forefront.

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Posted on 12/02/202112/11/2021 by Steven M Smith — Leave a comment

Cannabis Banking Bill is Included in the NDAA

Cannabis Banking Bill is Included in the NDAA

If there’s one thing that can get marijuana hopes moving, it’s the realization of hope of legalization or some sort of reform in the industry. Unfortunately, up until now, that’s all there has been — hope. But with a Democratic-controlled Senate and House, plus a president who is in favor of decriminalization, there’s reason to be optimistic that change could be coming sooner rather than later.

And that change could come in the form of the National Defense Authorization Act (NDAA). The bill has passed for 60 years in a row, and heading into the final month of the year, it’s a significant piece of legislation that is still outstanding that will likely be a key priority for lawmakers this month. It also includes a cannabis bill.

The cannabis banking bill is included in the NDAA

In September, the NDAA passed the House, and included in the bill was the Secure and Fair Enforcement (SAFE) Banking Act. If that sounds familiar, it’s because the SAFE bill has now passed the House five times but has failed to progress any further.

The NDAA is often referred to as being “must-pass” legislation and so the big question may not be if it passes but if in its final version, whether the SAFE Banking Act is still in there. If it is, that would be a huge win for Cannabis!

Why does SAFE Banking matter?

The SAFE Banking Act won’t legalize marijuana, nor would it even decriminalize it. But what it will do is make it easier for banks to work with the cannabis industry. Although it’s not impossible for cannabis companies to obtain bank accounts, it’s definitely not easy.

Cannabis Banking Bill is Included in the NDAA

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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 11/23/2021 by Steven M Smith — Leave a comment

Cannabis Freedom Alliance Releases New White Paper on Federal Regulation of Cannabis in a Legalized Environment

WASHINGTON, Nov. 15, 2021 – Today, the Cannabis Freedom Alliance (CFA) announced that it has endorsed the States Reform Act.

The Act strongly aligns with CFA’s vision of ending prohibition in a manner consistent with helping all Americans achieve their full potential and limiting the number of barriers that inhibit innovation and entrepreneurship in a free and open market. The States Reform Act is the truly principled vehicle for conservatives, libertarian, and all who value limited government to support cannabis reform.

See the source image — Rep. Nancy Mace’s (R-SC)’s team in crafting this legislation and to lend it our future support. The Act creates a bill that keeps Americans and their children safe while ending the federal preemption of and interference with state cannabis laws

Cannabis Freedom Alliance

Monday, November 15, 2021

CFA was proud to work with Rep. Nancy Mace’s (R-SC)’s team in crafting this legislation and to lend it our future support. The Act creates a bill that keeps Americans and their children safe while ending the federal preemption of and interference with state cannabis laws.

The States Reform Act: Federally decriminalizes cannabis and fully defers to state powers over prohibition and commercial regulation Regulates cannabis products like alcohol products Institutes a 3% federal excise tax on those products to fund law enforcement and small business programs. Ensures the continued existence of state medical cannabis programs and patient access while allowing for new medical research and products to be developed Protects our veterans by ensuring they will not be discriminated against in federal hiring for cannabis use or lose their VA healthcare for following their doctor’s advice to use medical cannabis Protects children and young adults under 21 from cannabis products and advertising nationwide

Weldon Angelos, co-Coordinator of CFA’s Steering Committee and head of Mission Green/The Weldon Project, said: “The States Reform Act represents exciting movement towards compromise on the cannabis criminal justice issue and progress-building on the First Step Act. Representative Mace is bringing constructive solutions that promise to bring more Republicans to the table to end an unjust root cause of mass incarceration.”

Weldon Angelos was sentenced to a mandatory 55 years in prison for selling a few pounds of marijuana while possessing a firearm “As cannabis use continues to grow throughout the country, this legislation is a good first step at striking a regulatory balance between the federal government and states,” said Jillian Snider, R Street Institute Criminal Justice & Civil Liberties Policy Director and retired NYPD officer. “It provides a comprehensive framework for federal decriminalization, including updating laws that help guide our criminal justice system.

One crucial change would allow certain non-violent federal cannabis convictions to be expunged, freeing up those resources to protect public safety in other, more valuable ways. We are thrilled to see a Republican-led effort to bring federal cannabis laws into the modern age and applaud Congresswoman Mace for her leadership.”

Cannabis Freedom Alliance Releases New White Paper on Federal Regulation of Cannabis in a Legalized Environment Cannabis Freedom Alliance (CFA), a coalition of prominent national advocacy and business organizations seeking to end the prohibition and criminalization of cannabis in the United States, released a White Paper that provides an overview and general recommendations to help guide the effort toward federal legalization of cannabis. CFA Steering Committee Membership includes prominent national advocacy organizations Americans for Prosperity (AFP), Mission Green/The Weldon Project, the Reason Foundation, and the Global Alliance for Cannabis Commerce (GACC), and Law Enforcement Action Partnership (LEAP).

The CFA White Paper, available for download at cannabisfreedomalliance.org, provides analysis and makes recommendations on a variety of topics–from criminal justice reform to the mechanics of federally-regulated interstate trade–that help ensure a free, fair, open, and equitable cannabis marketplace for all Americans. Specifically, the aim is to achieve the following goals: Establishing a regulatory framework that promotes public safety while allowing innovation, industry, and research to thrive. Ensuring individuals previously involved in the illicit market can effectively secure a second chance and contribute to the legal market. Creating low barriers to entry and non-restrictive occupational and business licensing so that large companies and new entrepreneurs can compete on a level playing field. Imposing a total tax burden – federal, state, and local combined – that does not incentivize the continuation of gray or black markets and ensures competitive global footing for a vibrant, novel U.S. industry. For more information on the CFA or to join our efforts, please visit our website at cannabisfreedomalliance.org or email us at info@cannabisfreedomalliance.org.

About the Cannabis Freedom Alliance: The Cannabis Freedom Alliance (CFA) is a coalition of advocacy and business organizations seeking to end the prohibition and criminalization of cannabis in the United States in a manner consistent with helping all Americans achieve their full potential and limiting the number of barriers that inhibit innovation and entrepreneurship in a free and open market.

UPDATED NEWS ON Pennsylvania MMJ Cultivation Two state senators announced plans this week to introduce legislation that would allow Pennsylvania medical marijuana patients to grow their own plants at home. Sens. Dan Laughlin, R-Erie, and Sharif Street, D-Philadelphia, said they will co-sponsor legislation to allow Pennsylvanians in the state’s medical marijuana program (MMJ) to cultivate a limited number of cannabis plants from their home for personal use. “Pennsylvania’s MMJ Advisory Board and the state Health Department have mounting data illustrating significant disparities in accessibility,” Laughlin said.

“Cost has likewise been a big burden for patients for quite some time.” Pennsylvania approved medical marijuana with Act 16 in 2016, but patients in some rural counties must travel more than two hours to purchase flower at a dispensary. Patients also have complained products at the dispensaries are very expensive, particularly for cancer and terminally ill patients who do not have insurance coverage for the medicine they need. “It is critical that policy meet people where they are, and by allowing medical marijuana patients to grow cannabis plants at home, we can help ease the cost and accessibility burdens for this important medicine,” Laughlin said.

“This legislation would go a long way towards helping everyday Pennsylvanians meet their health needs and ensuring everyone is treated equitably and fairly under Act 16.” Laughlin and Street posted a memorandum Wednesday on the Pennsylvania state Senate website to solicit co-sponsors for the legislation. The Marijuana Policy Project, a nonprofit that advocates for marijuana policy reform, reports about half of the states with medical marijuana programs, and 15 of 19 states that have legalized adult-use cannabis, currently allow for personal cultivation. The Marijuana Policy Project contends in states with safeguards in place, such as a limit on plant numbers and requirements to keep grows out of public view, there have been no serious issues. No states have repealed home cultivation, and none is attempting to do so, according to the nonprofit.

The senators’ announcement came just over a month after Laughlin and Street introduced legislation to allow for adult use of marijuana in Pennsylvania. Senate Bill 473 would allow for personal use of marijuana, establish a Cannabis Regulatory Control Board, provide for regulating marijuana businesses, help those convicted of marijuana related crimes to expunge their records and incorporate the changes into current laws regarding driving under the influence. SB 473 is awaiting a hearing in the Senate Law and Justice Committee.

Laughlin and Street said more than 60% of Pennsylvanians support adult-use marijuana legislation, which the Pennsylvania Independent Fiscal Office estimated would generate between $400 million and $1 billion a year in new tax revenue for the commonwealth. Pennsylvania State Police arrested more than 20,000 adults for marijuana-relation violations in 2020, an increase from 2019, the senators said. Federal lawmakers, meanwhile, also have moved to decriminalize marijuana nationally.

U.S. Rep. Nancy Mace, R-S.C., introduced legislation Monday to decriminalize marijuana and allow states to pass laws and regulations without fear of federal intrusion. Mace told reporters at a Washington news conference a half-dozen of her Republican colleagues plan to co-sponsor the bill she said would regulate marijuana in the same way as alcohol, prohibiting use for anyone under 21, The Associated Press reported. If approved, Mace said, the measure would not change local marijuana restrictions and regulations already adopted by states. “It protects each state’s unique laws and reforms,” she said.

“It takes into account at the federal level that every state is different.” The National Conference of State Legislatures has reported 36 states and four territories have approved medical marijuana use. Eighteen states, two territories and the District of Columbia.

Two Pennsylvania senators seek co-sponsors for grow-your-own-medical-marijuana bill Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Canabis Freedom Alliance – Home | Facebook https://www.facebook.com/CannaFreedomAlliance For more information on the CFA, please contact info@cannabisfreedomalliance.org.

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Posted on 11/16/2021 by Steven M Smith — Leave a comment

Surge in the Majority of Cannabis Stocks This Past Friday – Ahead of States Reform Act

Nov. 15, 2021 1st Hemp USA Reposts- The recent surge of cannabis stocks after news of a draft bill, known as the States Reform Act, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill, that is set to legalize and tax marijuana.

This news created a surge in the majority of cannabis stocks on Friday, November 12, 2021

According to news sources, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill (still being circulated for feedback) and hopes to have a final version officially filed later this month.

This is a huge development in the marijuana industry making this a very active year on the Hill for cannabis reform. “Republican buy in could prove critical to getting something over the finish line, and the Mace measure seems aimed at appealing to the states’ rights and business interests of conservative colleagues on her side of the aisle while also incorporating some restorative justice and tax elements largely favored by progressives,” cited the source.

Cannabis would be federally de-scheduled and treated in a manner similar to alcohol.