Ever since the adult-use cannabis are legalized, the U.S. cannabis industry has drastically evolved. A total of 11 states and the District of Columbia have legalized recreational use.
Colorado generated total revenues of USD 683.52 Million during its first year of legalization in 2014. The state has reported total marijuana sales of USD 1.31 Billion. Massachusetts, which is a much smaller marketplace, reported USD 138.9 Million in the six full months of operations.
The staggering revenue margins are a direct result of Colorado’s early adoption in comparison to Massachusetts’ more recent foray into the industry. To put Colorado’s cannabis market into perspective, there were 364 dispensaries in the city of Denver alone in 2018. Among the 364 dispensaries, 169 locations were recreational or “retail marijuana stores,” while 195 were medical dispensaries.
Overall, the number of dispensaries in Denver was more than triple all of the Starbucks and McDonald’s in the city, 111. Meanwhile, Massachusetts had 25 recreational dispensaries in operation as of August 2019.
As more people begin to explore the cannabis marketplace, the industry is positioned to experience substantial growth in the shortcoming future. The total sales of recreational cannabis are anticipated to account for USD 18.1 Billion to USD 22.0 Billion, while medical cannabis is expected to account for USD 6.9 Billion to USD 8.4 Billion.
The overall growth of recreational market sales signals that more states could be moving towards legalizing adult-use, while existing legal regions are seeing their consumer base continually grow.
The recreational market revenue is attributable to the number of dispensaries that are constantly emerging throughout the U.S. as well as e-commerce platforms. E-commerce platforms are becoming highly popular because consumers can simply receive their products at their door steps.
The e-commerce platforms create a speedier process by allowing consumers to shop at the convenience of their homes, digitally pay for the purchase, and then have them delivered. Meanwhile, online portals can receive consumer payments digitally, eliminating the need to pay upfront at the store.
Tim Sultan of the Arizona Dispensaries Association said that they would like to see a solution to cash management problem. He added, “There’s just too much cash in the industry because banks can’t do business with us. We have dispensary owners paying their employees with cash, paying their vendors, paying their electric bills, going to APS with thousands of dollars, paying their taxes with tens of thousands of dollars cash, and just feeling really nervous walking up there with a bag full of cash.”
iAnthus Capital Holdings, Inc. announced a total of nine dispensaries in Florida and its system-wide total to 27. Hadley Ford, Chief Executive Officer of iAnthus said, ” Florida has an exciting and rapidly growing market. We’ve opened six locations in eight weeks and will continue to expand both our dispensary footprint and our product offerings.”
Global Payout, Inc. announced yesterday that, “their Third Quarter Disclosure has been published on OTC Markets and shows a significant increase in revenue over Q2 of this year. Gross revenue nearly tripled and net revenue more than doubled over the previous quarter.” Global Payout, Inc. is a leading provider of comprehensive and customized prepaid payment solutions. The Company plans to focus the remainder of the year on continued efforts in banking, software developments, and system enhancements.
Should You Study While High?
Call them ‘potheads’ or ‘stoners’, and the age-old trope makes you expect them to not care either way. Plenty of negative movie tropes run wild against cannabis users. The main one is their apparent poor academic orientation. Simply put, we hear in media that most weed users don’t like to study. This couldn’t be further from the truth however. With growing acceptance of cannabis culture, it becomes evident that plenty of college students both study and smoke up.
By the time most students reach, college, they have at least some awareness or exposure to cannabis. While most don’t start using cannabis until college, the newfound freedom is what beckons them in the first place. Curious and much more laid back, these young students often end up facing a new dilemma by the time mid-terms arrive. This is the question of whether or not to use cannabis while studying.
The science isn’t settled on the matter of study-while-high, with conflicting research
Because studying generally is a task that demands most of the user’s cognition, focus remains paramount. Most studying, regardless of subject or level, boils down to memorization, conceptualization and connections. That means that students mainly link concepts and associations, and memorize details. This entire process could easily get disturbed by noise, anxiety, mood or discomfort. That may also be why many students avoid listening to energetic music while trying to focus.
However, numerous studies on the subject of cannabis on focus yield mixed results. While most agree the main effect of weed is relaxation, this could lead to laziness and lethargy. Conversely, cannabis also causes bouts of mood swings and anxiety in some, which also may harm the studying process. This is the reason driving while high is also inadvisable.
The consensus is that individual results may vary, and self-exploration may come in handy
Because every person’s physiological constitution is unique, no golden rule exists with cannabis. What may completely inebriate and overwhelm one user may just be imperceptible to another. That’s why dosages in marijuana matter so much, as it is too easy to take too much at a time. And this is precisely why trying out some hash right before a test might be a huge mistake.
Instead of this, experts suggest experimenting and figuring out your body’s ideal amount during casual study time. By understanding what amount is tolerable, and what the limit beyond which concentration drops, the risks drop. A user can safely take just enough to improve their mood, and not enough that taking class becomes challenging. Furthermore, the COVID-19 pandemic may have also lowered the stakes.
With most classes online, it is surprisingly easy to be a full-time student and regular cannabis user
Back before the pandemic (over a lifetime ago, it seems!), the main concerns with smoking up before a class were very real. The pungent, herbal scent that clings to one’s breath and clothes was bad enough, due to stigma and prejudice. And also due to the fact that recreational cannabis remains federally illegal in the US, and few states permit its use. Secondly, smoking up too much and tripping in front of the whole class sounds like a nightmare.
With the convenience of online settings, smoking carefully considered amounts shouldn’t be a problem. Even if you consume too much, you can always save face behind your screen. And more importantly, online classes mean you study online too. Use this wisdom and you’re set to confidently study now, perhaps even with a side of enjoyment!
NASA Fails To Notice Incoming Meteor Until 6 Hours Too Late
As far as ‘close calls’ go, no one understands the phrase better than NASA. NASA (the National Aeronautics and Space Administration) dedicates the bulk of its resources to understand the cosmos. Part of that mission means watching the orbit of Earth, and the other celestial bodies, for potential threats.
The word ‘threat’ may immediately conjure up the image of science fiction, aliens and the like. However, this word refers to the forces of nature. So when an entire meteor crossed within a small limit of Earth’s atmosphere, undetected, it alarmed the world.
The meteor was large and fast approaching, came close to the atmosphere
NASA has long been the leading expert on foreign bodies like this meteor. The schematic they released shows the path (in green) the meteor took as it crossed Earth:
That’s right, the meteor was certainly very close. NASA announced that it had approached from the trajectory of the sun, and that they named it 2020 QG. This reflects that it went undiscovered and unnamed until this point in this year.
Further details emerged from across the internet from various sources. All were officially confirmed by NASA later, and are interesting to note. The meteor was only detected 6 hours after it passed our planet by, and could have very well been catastrophic. This was discovered at the Palomar Observatory, a facility funded by NASA.
The meteor, 2020 QG, was roughly the size of a large car, and flew past with an estimated speed of around 27,600 miles per hour. It came within 1850 miles of the Earth’s atmosphere. This might seem very distant, but given both the speed of approach and the vast scale of the universe, it’s significant.
NASA cautions that this meteor in particular was not very dangerous
However, unlike other disastrous meteor strikes on the Earth that we know of, this was considered low-caliber. The smaller size, that of an automobile, means that it likely would have had a small impact if at all. Furthermore, the planet’s atmosphere avoided penetration by the meteor, as it turned course away on a near tangent. If it had, the powerful field of acceleration due to gravity would have burned up the space rock to smithereens.
This is because of the smaller size, as compared to larger meteors. The larger the foreign object entering the atmosphere, the more of it can withstand friction from the air. That’s why the earth has been largely protective of life since the extinction of the dinosaurs (the last supermassive meteor to hit us). The atmosphere forms a sort of protective layer that usually destroys space debris before impact.
However, this oversight reveals a gap in NASA’s coverage
An event like this, where NASA’s surveillance failed to detect the incoming asteroid, proves humbling. The organization has sworn to advance space discovery and to study the celestial bodies. This job also entails predicting and acting accordingly against incoming threats. This was not the case for at least 6 hours after the incident, unfortunately.
So while this particular meteor wasn’t alarming in itself, the fact that there existed a gap in NASA’s sight is. A much larger, much deadlier asteroid could have approached from the same direction and taken earth by surprise. To this end, the organization has vowed to remain ever vigilant. It will also tighten its field of observation, to better protect the Earth from all directions.
Hillary Clinton Bashes Trump on His Coronavirus Policies
Hillary Clinton recently targeted Donald Trump on his ineffective coronavirus policies. She said that she would have done a better job.
Coronavirus cases have been on the rise since January, particularly in the United States. The new reported cases have shown an exponential increase. A few days ago, 51,000 new cases per day in the U.S. were recorded –highest across the globe.
It has been around 9 months since the epidemic started. Numerous attempts have been made to control its spread; however, no fruitful outcome has been seen. Researchers and scientists are also actively working to develop a vaccine. It is expected to be ready by January.
Coronavirus in U.S.
Out of all the countries, U.S. saw the biggest wave of coronavirus cases. Up till now, there have been 2.8 million confirmed cases with more than 131,000 deaths in the country. The curve started going down in mid-June, however, the new cases have started increasing again.
This time, the rate of increase is greater than the previous months. Many believe, this is the second wave of coronavirus. According to reports, there will be a total of 3 waves, after which there is a chance that the virus will start to die down.
Recently, Hillary Clinton said in an interview that she could have done a better job at managing the policies than her former rival, Donald Trump. The interview was about a documentary about Clinton’s life that is scheduled to release this year. It was held as a part of The Hollywood Reporter’s Awards Chatter podcast.
Clinton took the chance to hit Trump where it hurts. His coronavirus policies have certainly been ineffective and have reduced the chances of him getting reelected for presidency.
Clinton said, “We sure could have done a better job saving lives, modeling better, more responsible behavior”. She further added, “I don’t think we necessarily should have had as deep an economic assault on livelihoods and jobs as we have. So I know I would have done a better job.”
She talked about the issue and expressed her annoyance on being sidelined. She is working hard to counter the epidemic and raise money for medical equipment. However, if she was in a position of power, she could have been more productive and effective.
The coronavirus has been affecting Trump’s reelection campaign for around 4 months. With the economic crisis, the current president has struggled to gain people’s support. Further, the recent violence at “#BlackLivesMatter” protests also indicated his lack of competence.
The previous secretary of state expressed her feelings of frustration throughout the interview. She even called him a “vindictive score-settler”. Further, she thinks that it should be a lesson for the nation to realize how it is to elect an unprepared candidate for presidency.
Clinton said, “Part of what he does in the way he lashes out is because, deep down, he knows the Russians helped him, despite his incredible efforts to deny it. He knows WikiLeaks helped him. He understands all of that”.
Even though, all points made by Clinton are fair and apt, many people believe she is merely being vindictive. Trump supporters think that she was lashing out because of her personal vendetta against the president, and that she is just bitter that she lost against him.
Cannabis1 year ago
How CBD oil works?
Cannabis1 year ago
Research Suggests Cannabis Effective in Treating Endometriosis
Cannabis1 year ago
CBD Gummies: How does it work? Benefits, Pricing and Packages
Health10 months ago
Diabetes Freedom Review – A Natural Way To Beat Diabetes Type 2
Featured1 year ago
Prosper Wellness TurmeriCBD Review – A combination of Turmeric and CBD?
Cannabis1 year ago
What are the main advantages of consuming CBD oil?
Health11 months ago
VitaMove, a Popular Formula to Relieve Back Pain is Restocked
Cannabis12 months ago
Can Cannabis Survive in Pharma?