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Future Prospect of Cannabis Spending by Top Economies

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Future prospect

Cannabis is getting popular across the globe very swiftly. The sales of legal cannabis have boomed more than triple during the years of 2014 and 2018. And the future prospect of cannabis business is very bright across the world.

Although, many countries have legalized medical cannabis, there are only five countries that will account for $38.2 billion out of $40.6 billion by 2024 in legal-store sales according to the reports of Arcview and BDS.

United States of America

Medical cannabis is legal in 33 states of United States of America and recreational cannabis in 10 states and Washington DC. According to the survey of Pew Research Center, about 62% of Americans want cannabis to get legal in their homeland.

Seeing the progress of cannabis, United States of America will be the leading market of cannabis sales around the world by 2024.

According to the reports of Arcview and BDS, sales worth of, $9 billion would come from the supply and consumption of medical cannabis. And $21.1 billion from recreational cannabis by 2024.

Canada

Canada was first in the list of industrialized countries of the world to allow recreational cannabis. But now, according to the reports of BDS and Arcview, Canada looks to stand at the second position following United States of America in terms of sale by 2024. Reports say that $4.8 billion are expected through cannabis sales in Canada by 2024.

Aurora Cannabis is the leading company dealing in this business. By the end of 2020, this company expects to be processing more than 625,000 kilos on a run-rate basis annually.

Germany

Cannabis is legal only for medical purposes in Germany. Whereas, recreational cannabis is illegal in the country. Even though Germany is not expected to allow the use of recreational cannabis, still the sales worth of $1.35 billion are anticipated to come from the usage of medical cannabis in the country by 2024.

Canadian companies of cannabis like Aphria and Aurora Cannabis have licenses to grow marijuana in Germany. Aphria would start supplying medical cannabis to Germany in 2020. Aurora Cannabis will supply 4,000 kilos of cannabis to the German market during the course of next 4 years.

United Kingdom

On the basis of cannabis spending, United Kingdom is one of the rapidly growing countries across the globe. United Kingdom spent $9.9 million on medical cannabis last year. But now if we talk about the future prospect, the experts expect that the country will spend around $547 million on medical cannabis by 2024. This makes about an annual growth of 95.2% which is enormous.

GW Pharmaceuticals is the leading company of cannabis in United Kingdom. Its products are available in more than a dozen marketplaces across the Europe.

The citizens of United Kingdom are well aware of the advantages of medical cannabis and the country’s government plans to expand access of it to medical patients.

Mexico

Recreational marijuana is illegal in Mexico. Whereas, medical cannabis of certain THC content is legal across the country. Lawmakers forecast that Mexico will legalize cannabis for adult-use by 2024.

According to the studies of Arcview and BDS, net sales worth of $1.02 billion are expected through cannabis business in Mexico in next 5 years.

 

 

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Cannabis

CBD Is Effective for Treating Psoriasis and Acne – Myth or Not?

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acne

Many countries use cannabidiol or CBD for its therapeutic properties. It is one of those 113 cannabinoids in Cannabis Sativa, which is scientifically-proven for its benefits. Apart from providing relief for stress, anxiety, epilepsy, and arthritis, it is widely used in the skincare industry. There are many skincare brands, which are using CBD as a major ingredient in their products to target skin issues like acne and psoriasis.

The skincare industry has reached new heights of success after CBD products started taking their own place on skincare shelves. CBD oil enriches the skin with omega-3 and omega-9 fatty acids. It helps many people to keep their skin supple, fresh, and moisturized. Their benefits do not restrict over here; they are even useful for healing skin and treating psoriasis, acne, and eczema.

Should You Use CBD Oil Products for Acne?

Even though the market has hundreds of acne treating products, not all of them are effective and useful. Some are even meant to trigger more inflammation. A best acne-treating product has the property to kill the bacteria and reduce the oil production that clogs pores.

A 2014 study found that CBD has the potency to regulate sebum production. When excess sebum is mixed with dead cells and pollutants, it clogs the pores and produces acne. Also, it prevents the triggering of the inflammatory cytokines. The activated cytokines result in acne.

CBD shows strong antifungal and antibacterial effects to prevent skin infections, which later results in acne due to pollutants and dirt in the surroundings. Many CBD products, with their anti-inflammatory and anti-bacterial properties, follow the rules of best acne products strictly. They are not only best for facial acne but body acne too.

Can CBD Treat Psoriasis?

Psoriasis, an autoimmune skin disease, causes rapid mitosis of skin cells. This quick division results in the accumulation of the immature and dead skin cells underneath the surface of the skin. It causes red scaly patches on the skin that are not contagious.

There are a number of studies that support CBD as a potential treatment for psoriasis because of its powerful therapeutic properties. Our endocannabinoid system comprises of CB1 and CB2 cannabinoid receptors. Cannabinoid works on them to regulate and boost the immune system. It suppresses excessive epidermal growth and accumulation.

It is blessed with strong anti-inflammatory properties and rich content of omega-3 and omega-6 fatty acids to moisturize and hydrate the skin. A 2007 study further provides evidence of CBD as an effective treatment for psoriasis.

Ways to Incorporate CBD in your Daily Routine

The most common and effective way to benefit from CBD for psoriasis and acne is to use it in topical form. Apply any CBD ointment, lotion, or cream to the required area until it gets completely absorbed. So far, none of the users have reported side effects.

With topical use, there is also a need to incorporate cannabinoid tinctures and capsules for psoriasis treatment. For effective treatment of psoriasis, there is a need for both external and internal intervention.

Since the new laws of CBD legalization in the United States, online stores have been gaining popularity. You can also get your CBD skincare products from any licensed dispensary. A number of CBD skincare products are available on the market, ranging from small capsules to serums.

Bottom Line

CBD is effective for the treatment of both acne and psoriasis. However, it is better to consult a dermatologist first to adjust your safe consumption and set the instructions. Alternatively, you can start with a small dosage and gradually increase it until you get your desired results.

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Cannabis Home Delivery Services Likely to commence in Massachusetts

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CCC is planning to allow cannabis home delivery services in the state of Massachusetts.

The CCC has agreed upon setting up a substructure for beginning cannabis home delivery services in the state of Massachusetts. The organization has presented a draft highlighting a timeline and new industry rules for starting the delivery services. Operations may begin in about a month.

The Commission has proposed an outline that would permit two types of delivery licenses for operators. Its limited delivery license would allow authorized personnel to make deliveries from CCC licensed retailers and dispensaries. Furthermore, the wholesale delivery license would allow operators to buy cannabis in wholesale directly from the cultivators. The purchased commodities will be allowed storage at a CCC approved warehouse facility. Warehouses are required to have a docking facility or sally port for a secure loading of delivery vehicles.

In additio.3n to these requirements, the CCC’s delivery draft regulations has fixed a $1,500 application fee for the licenses. Along with this, a $5,000 annual license fee for limited delivery licensees and a $10,000 annual license fee for wholesale delivery licensees is also proposed. As per the initial drafts, the CCC has decided to relinquish the application fee and first year license fee for limited delivery licensees. In the second year, the fees will be halved.

Chairman Steven Hoffman has pushed the Commission to provide finalized delivery regulations by October 20th. In the light of this, the CCC will shortly open a public comment period on the delivery regulations.

What would these cannabis delivery licenses mean for licentiate?

These delivery permits would allow licensees to supplement retail stores and provide new channels of recreational marijuana purchase.. Obtaining delivery licenses would provide a boost to small businesses. This is because the barriers to obtaining retail licenses are much more pronounced than the delivery category.

According to Commissioner Britte McBride, who wrote the regulations, “What we’ve done in addition to creating those two license types is also to establish new fees and fee structures, to require warehousing for wholesale delivery licensees, to authorize white labeling for wholesale delivery licensees. We’re defining specific operational requirements that will be in addition to the general operational requirements, and we are amending existing relevant regulations to incorporate the license types and the activities that they can undertake,”

Is it too early to allow cannabis home delivery services?

Is the requisition of cannabis really going to be just a phone call away?

For marijuana opponents, the idea of getting such convenient doorstep delivery is surely not going to be taken in good spirits. According to ballotpedia, about 46.34% of voters in Massachusetts were against the legalization of marijuana and its regulation as alcohol in 2016. For this particular segment of the population, home delivery of the drug may be an advancement that is taking place too fast. There will be concerns related to identity thefts, rise in crime rates, and products falling into wrong hands, particularly children.

Contrary to this, for the advocates of marijuana, this advancement of licenses would allow them a much needed convenience. Look at this from the perspective of bed-ridden medical marijuana patients. Leaving beds, let alone houses, is a painful endeavor for this segment of marijuana users. If other medications are already being delivered to their doorsteps, why cant medicinal marijuana join the delivery market?

For the recreational users, home deliveries might prove catalytic in reducing the stigma attached to marijuana usage. For years, marijuana has been shelled with the “not in my backyard” attitude. Despite of being advocates, most marijuana users have had to hide their association with the drug to curtail themselves from the society. If home delivery vans arrive right at the door step, it may lead to a normalization and acceptance of marijuana at some point.

Why allow delivery now?

Delivery of medical marijuana is not a new concept, even in the state of Massachusetts. Almost six authorized medical dispensaries have provided this service to registered patients since 2018.

If more licenses are granted for more legal businesses, illegal delivery services may be controlled right in infancy. In addition, this will also provide low cost business opportunities to aspiring market entrants.

The government provides no support to the marijuana industry due to its illegal federal status. By creating such opportunities at the state level, barriers to entry may be successfully reduced.

 

 

 

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Study Shows No Significant Mental Effects In Elderly Patients Using Medicinal Cannabis For Chronic Pains

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Cannabis for chronic pain doesn't impair brain

The elderly, often subjected to various medical conditions, need therapies and treatments as much as any other age group. Yet unfortunately, some point out that the field sometimes doesn’t get as much attention as younger groups. That may explain why pediatric doctors greatly outnumber geriatric specialists. And then, there does exist the tendency for the elderly to be more likely to be dismissed, compared to younger patients. Regardless, one of the most common aliments in the elderly is that of chronic pain in different parts of their aged bodies. Luckily, medicinal cannabis may hold the solution for them, as numerous experts find its properties useful for old people.

A recent study from Israel set out to ascertain whether or not weed would harmfully affect the cognitions of a sample of aged individuals. The participants included both middle-aged individuals and the elderly ones, as both seemed likely to have chronic pains. Furthermore, because the aim was to find effects on cognition, both types had fully-developed brains. What the scientists found may further the needle for the campaign to normalize medicinal cannabis.

The study set up strict controls and parameters to keep it as accurate as possible

The problem that arises with any diverse sample is the presence of individual differences. If not adjusted for, these can lead to a skewed data set and make the results questionable. In this case, the researchers strove to ensure all participants were as similar as possible. They were all above the age of 50, and no significant history with alcohol abuse or hard drugs. Some of the participants were on medicinal weed licenses, meaning they actively used it regularly. Others used it very sporadically. However, all abstained from cannabis use at least 3 hours prior. They also had similar education levels and all medically recognized as mentally sound.

The study included exactly 63 licensed individuals with the remaining 62 unlicensed. The male to female ratio was also about half and half, so sex didn’t affect the results. This almost even split served to better reproduce a normal distribution with acceptable standard deviations. Furthermore, they used a reliable software called ‘CogState’, which comprises of computerized cognitive exams. These exams covered everything required, from memory to attention spans.

The results indicated that regular cannabis use to treat chronic pains left no significant impact on cognition in the elderly

By all standards of scientific research methodology, the study mainly came out as a success. The results showed the initial hypothesis proved correct, and cannabis caused no major mental changes. In practically all participants, cognition was on par with normal levels and the frequent cannabis users did not vary much from rare users. Hence, the paper claimed that treating chronic pains with CBD (cannabidiol) and THC (tetrahydrocannabinol) would leave no lasting mental effects.

However, one interesting and alarming finding the study showed was an elevated risk of cardiovascular disease from cannabis. In addition, regular users also showed elevated frequencies of depression. The former of these may occur due to smoking cannabis rather than eating it. However, it does corroborate what a recent American Heart Association (AHA) paper claims.

While the study did have some limitations, it still shows important findings for those on the fence about medicinal weed

No truly scientific study can claim to have zero room for improvement. While they accounted for most extraneous factors, the biggest factor was the cross-sectional aspect. This means that due to broad generalizations about samples, the study cannot definitively establish cause and effect. Also, they didn’t account for previous medicinal histories.

However, the study still puts to rest many fears about brain damage from weed. For more on medicinal cannabis, stay tuned!

 

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