420 with CNW – Cannabis Concentrates Could Be Bigger than Edibles in Canada

Canada is slated to legalize cannabis edibles sometime this year and the population is filled with excitement regarding these products. However, if the trend in the U.S. states where edibles are legal is anything to go by, then edibles will not be the biggest moneymaker. Something else, concentrates, will be king of the market.

For example, edibles fetched $685 million from the start of 2018 to October the same year in Oregon, Colorado, California and Arizona. However, the same period saw consumers spending approximately $1.4 billion on marijuana concentrates.

The bulk of that money spent on cannabis concentrates was for marijuana vape pens and cannabis oil cartridges. These items alone accounted for $972 million in the months referred to earlier as captured in the statistics collected by BDS Analytics.

In the cannabis industry, vape pens are the modern or better version of cannabis joints in the same way that electronic cigarettes provide a better way to get your nicotine hit when compared to smoking a combustible cigarette.

Cannabis vape pens are discreet, not smelly and they are user-friendly when compared to the hassles that one has to go through to roll and light a joint.

The other cannabis concentrates on which Americans in the states named earlier spent money were hash oil, wax and shatter. These particular kinds of concentrates are intended for “dabbing.”

Thus, the evidence from the U.S. shows that cannabis concentrates are likely to fetch more money than the edibles that everyone is excited about.

These findings are given further credence when one considers the responses of ordinary people to different cannabis products. Many people will be more willing to try a vape pen rather than taking a puff on a joint if those people haven’t consumed cannabis before.

Interestingly, data from Canada shows that people have been consuming marijuana concentrates for a while. For example, a 2018 survey of approximately 13,000 cannabis consumers revealed that 26 percent had ever used hashish while 19 percent admitted that they had ever used a solid form of marijuana concentrate.

People opposed to cannabis edibles claim that these products will dominate the market and open the gate to the misuse of cannabis. However, the data collected over time shows that even if edibles grow in popularity, they will always fall behind concentrates and the dried bud in terms of market share.

Industry watchers and participants like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and SinglePoint, Inc. (OTCQB: SING) are waiting to see how events play out once edibles become legal throughout Canada.

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420 with CNW – Israeli Parliament Approves Export of Marijuana

The Israeli parliament voted unanimously in favor of a bill that would pave the way for Israel to start exporting medical cannabis. The approval of this bill by cabinet would allow Israel to be the third country in the world (following the lead of the Netherlands and Canada) to tap into the global medical marijuana market.

iCAN, an Israeli company that specializes in medical cannabis, welcomed the decision in parliament and added that the global medical cannabis market is likely to be worth $33 billion within the coming five years as the stigma directed at marijuana melts away.

This growing demand is likely to be entirely met by the few countries which have passed regulations to certify medical cannabis exports. For example, South Korea recently passed a medical marijuana law, and imports will only be accepted from countries that have approved cannabis products for medical use. Israel is now one potential source for medical cannabis for the South Korea market.

The stock market in Israel welcomed the news of the passing of this bill and cannabis companies registered massive gains (up to 10 percent) late on Tuesday (December 25) as the bill was passed.

However, the passing of this law didn’t come easily. For several years, the draft bill lay in limbo as there was massive opposition from law enforcement towards its enactment. The authorities were apprehensive that a significant portion of the medical marijuana which is exported may find its way onto the global black market.

To address these concerns, the framers of the bill added provisions that gave the Israeli police authority to supervise how medical cannabis export licenses are issued. The law imposes strict regulations upon the exporters, and those who violate that law face huge fines and prison time.

The Israel Securities Authority (ISA) immediately appealed to investors to avoid rushing to put their money in marijuana companies just because legislators had passed a law permitting medical cannabis exports. This appeal was similar to the appeal ISA issued regarding cryptocurrencies approximately one year ago.

The bill permitting the export of medical cannabis was passed just before parliament took a break so that preparations for the early elections called (due in April next year) can take place. Any additional delay would have compelled the House to postpone debate and voting on the bill until after the elections.

The export market is important to Israeli cannabis companies since the domestic market isn’t large enough to keep them growing and thriving. What is now left is for cabinet and Benjamin Netanyahu to approve the bill. However, there is some apprehension that the Prime Minister may avoid playing his hand on this controversial topic until after the elections on April 9, 2019.

Sugarmade, Inc. (OTCQB: SGMD), Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other parties in the cannabis industry welcome the decision in Israel since it will add depth to the existing players at the global level.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Utah Seeks Cannabis Program Manager After Prop 2 Passes

The Mormon Church, lawmakers and other stakeholders formulated a compromise bill to legalize medical marijuana long before Prop 2 was voted on in the midterm elections. This compromise deal enabled the different factions to cede some ground on their hard stance about medical marijuana and Prop 2 became a pawn to shape how the final legislation would appear depending on which side won the polls.

Now the polls are over and a law is in place to operationalize the medical cannabis program. In light of this development, Utah published an online advert calling for interested individuals to apply for the job of “Cannabis Program Manager”.

The time within which applications can be submitted is slowly ticking away and the deadline is literally hours away. The job is a hefty one, since the selected candidate will spearhead the establishment of a system to regulate not just medical marijuana but industrial hemp as well.

Hemp cultivation was permitted under the recently passed Hemp Farming Act of 2018, so the Cannabis Program Manager has his or her work cut out.

Among other things, the person selected will be expected to have the ability to “navigate highly stressful and political circumstances” in the course of executing his or her duties. This candidate requirement is a reflection of how sharply divided the population is regarding marijuana despite legalization.

The ideal candidate is also expected to have stellar academic qualifications that will enable him to be the go-to expert on all matters cannabis and industrial hemp.

That person will provide training and leadership to the staff charged with inspecting and enforcing the provisions under which medical cannabis became legal in the state.

It is noteworthy that that Utah opted to select an individual to head the medical cannabis program. Many other states place this responsibility in a commission or other such body where several people at the same seniority level share the responsibility of overseeing such programs.

It remains to be seen how the Utah program will pan out under the direction that they have chosen. Actually, that individual may do a better job than boards since he or she will know that the buck starts and stops at his or her desk regarding the successful implementation of the program. All that is therefore left is to put the right person in office without bending to the wishes of one group or the other since the politicking time has long elapsed and work must be done.

Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other cannabis sector participants like Sugarmade, Inc. (OTC: SGMD) wish the person selected to head the Utah program all the success in the new office.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Smoking Cannabis Makes You Less High than Vaping It, Study Finds

As the law and people’s attitude towards marijuana gradually eases up, questions are emerging about how the different methods of consuming marijuana compare against each other. Well, scientists at Johns Hopkins University School of Medicine sought to answer that question by looking into how vaping cannabis differs from smoking it.

With just 17 participants, this study can be aptly described as a small one. However, its findings cannot be discounted when one considers the thoroughness invested in investigating what the researchers had set their minds upon.

First, the study participants were recruited on the basis of being healthy and having abstained from marijuana for at least a month prior to the study. There were eight women and nine men selected for the study.

These selected participants were then given marijuana at varying levels, that is, at concentrations of 0 milligrams (placebo), 10 milligrams and 25 milligrams. This marijuana was given a week apart, and the participants had to consume it within an eight-hour window.

The researchers then subjected the participants to psychomotor and cognitive function tests, tested how much THC was present in their blood, and then recorded their vital signs (pulse, blood pressure, etc.).

Additionally, the study volunteers were asked to complete a questionnaire in which they reported their subjective assessment of how they felt after consuming the cannabis. For example, they were asked to state whether they felted nauseated, anxious, restless or motivated.

The researchers discovered that vaping appeared to trigger stronger effects among the study participants when compared to smoking marijuana, and this was given further credence when lab tests showed that the level of THC in the blood of the participants was higher in the samples taken after they had vaped the substance.

Other scientists who reviewed the findings commended the researchers for focusing on infrequent users of cannabis since all other research centered on regular consumers. Additionally, the methodical approach taken also attracted acclaim.

However, some observers wondered whether the use of pipes to smoke marijuana could give results that were representative of the marijuana joints (cannabis rolled in a paper) that are commonly smoked.

Furthermore, the study participants were asked to vaporize their marijuana three times in quick succession in order to complete their “dose” for the day. This may differ from what people normally do, that is, vaporize once before taking a long break. Consequently, the study could have brought out the extreme effects that are rarely seen among normal users.

Nevertheless, the study provides valuable information that will be useful to particularly individuals taking medical marijuana. This is because such individuals can adjust the dosage based on the method of use. Cannabis companies like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Sugarmade, Inc. (OTC: SGMD) certainly appreciate the insights provided to users and the industry by the research at Johns Hopkins.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – 3 House Bills Seek to Reform Cannabis Policies for US Veterans

A team of Republican and Democratic lawmakers revealed that they will be tabling three bills aimed and reforming the different marijuana policies that affect veterans in the country. The bills, if enacted, would formalize the protections offered to veterans who seek medical marijuana as an alternative to opioids as well as create mechanisms for such options to be implemented in a safe way.

The first proposed bill is titled “Department of Veterans Affairs Policy for Medicinal Cannabis Use Act 2018”. The intention of this bill is to amend and codify the existing policy at the VA office through which veterans are protected from any adverse consequences in case their healthcare providers learn that the veterans are using medical cannabis.

This new bill plans to clarify what the roles and responsibilities of veterans/patients and their healthcare providers are on the subject of medical cannabis. The bill would also require that the policy is displayed prominently at all facilities set up by the Department of Veterans Affairs.

The second bill is titled “Department of Veterans Affairs Survey of Medicinal Cannabis Use Act 2018”. This bill seeks to make it possible for research to be done by the VA department in order to get concrete information about how veterans are seeking and using medical cannabis.

Such information can be vital in designing interventions which will help the veterans to get medical cannabis in a way that doesn’t compromise any other treatment which they may be receiving for their conditions. The bill is informed by the fact that just over a fifth of all veterans have used some form of medical cannabis, so the process needs to be understood by the authorities.

The third bill is titled “Department of Veterans Affairs Medicinal Cannabis Education Act 2018”. The purpose of this bill is to make it possible for the Department of Veterans Affairs to create partnerships with medical universities that are conducting training on medical cannabis. Such a partnership would help to educate primary healthcare providers about medical cannabis so that veterans benefit from that better understanding of how medical cannabis can be added to the other treatment plans of veterans. This education would take the form of continuing education.

As you can see, the bills are well-intentioned and they deserve a favorable treatment by Congress. It remains to be seen how they will be received and the final form in which they will be passed, if they get to that stage. Cannabis industry players like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Sugarmade, Inc. (OTCQB: SGMD) have a high regard for all veterans and hope that the bills make it through so that the veterans can access medical cannabis in a formal way.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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