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Increase in retail marijuana stores results in more consumers

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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.

 

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Cannabis Offers Relief To Patients Of Incurable Disease, It Seems

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Cannabis

It’s still surprising, after so much research that’s been poured into cannabis and its properties, how versatile a single plant can be. It still is mind blowing that one plant can be so useful despite the fact that plants provide a plethora of chemicals. Like, if bananas were able to help elderly people suffering from arthritis and fight cancer, we would have a banana plant in every home.

We often gloss over the utility of cannabis and it’s myriad applications in medicine. Too commonly, scientists brush aside cannabis due to social stigmas and biases. And where the eggheads fail us, the next best step in the scientific method is to find anecdotal evidence and test it. To do that, we study how Multiple Sclerosis (very frequently abbreviated to MS) patients react to marijuana.

What are the hallmarks of Multiple Sclerosis?

Multiple Sclerosis is a condition where scar tissue covers small parts of the brain. As anyone who’s ever ridden a bike can attest, scar tissue is not like normal tissue. It’s much less elastic, rougher, and most importantly, it is composed of the cells that don’t work like those they replace. So if your kidney gets damaged and scars over, the tissue that forms can’t work like your normal kidney cells. In other words, scars mean a loss in functionality.

Skinning your knee while riding a scooter is one thing. Scars on the brain can lead to severe losses in function all over the body. Multiple Sclerosis means that small parts of your brain get rendered useless or operating at low capacity. It’s a severe condition without much in the way of treatment, and no cures. We still don’t know enough about the chemistry of the brain to even attempt repair at the cellular level.

How can cannabis help?

Because parts of your brain are working incorrectly, Multiple Sclerosis or MS has a wide range of symptoms. The symptoms can vary from fatigue, muscular spasms all the way to visual impairment, depending on the extent of brain damage. Obviously this disease is extremely serious and can be potentially disabling.

Cannabis can seriously help with some of these symptoms, according to several patients of MS. They report differing results, but a few things were common to all. These include relieving particularly intense muscular pains to helping spastic issues be more manageable. In several cases, it can help a person suffering from MS by even as much as giving them a good night’s sleep. Cannabis is capable of reducing pain in even more widespread scenarios. In fact, one study found links between cannabis use and pain relief for MS patients. And that scientific basis affirms what we already know about cannabis. At worst, it won’t make the disease any different, but it can in most cases make things significantly better for all.

It’s important to not take cannabis lightly

It is imperative to consult your physician before trying cannabis. In many states, buying cannabis requires a medical card, as in Missouri. Even so, despite the fact that it isn’t hard to find cannabis distributors, we recommend talking about it with your doctor first. While the drug cannot affect how the disease works, it is possible that it could bring undesired side effects. Not to mention how it might interact with other medicines we take as well. In any case, take a doctor’s word over ours.

 

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Cannabis

Should You Study While High?

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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!

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NASA Fails To Notice Incoming Meteor Until 6 Hours Too Late

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NASA misses meteor till much later

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:

NASA couldn't detect large meteor that almost hit Earth

Courtesy of Minor Planet Center/International Astronomical Union

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.

 

 

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