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Cannabis Companies Want Access to COVID-19 Emergency Funds

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Operations of cannabis businesses remain federally illegal despite being considered essential in some states.

Industry leaders and a few members of Congress are focusing on this and sending an appeal for access to emergency funding and other avenues of financial assistance for cannabis businesses. According to them, navigation of uncertainty, closing facilities and furloughing workers, along with other potential financial issues have been faced by these operations due to the COVID-19 pandemic.

The extensions of Small Business Administration loan programs to state-licensed cannabis businesses along with ancillary companies have been asked by the cannabis organizations and several federal lawmakers in recent weeks.

According to a statement by Aaron Smith, executive director of the National Cannabis Industry Association, given in an interview with CNN Business, the cannabis industry is considered essential in most of the states where it is legalized and operating, and that it should also be treated fairly by having access to the funding programs.

Currently, it is the best time for the government to consider granting long-awaited policy requests, focusing on access to banking services, according to the NCIA and other advocacy organizations. The National Organization for the Reform of Marijuana Laws had noted in a policy memo (released on April 1, 2020), the further complications added to the cash-centric operations, by the spread of COVID-19 and its potential regarding its survival on different surfaces.

According to Smith, being cash-only operations has always been a public safety hazard, especially now more than ever. He further added with the passing of the Safe Banking Act, this will be an opportunity to fix this issue completely.

According to cannabis investor Rob E. Hunt of Linnea Holdings, achieving greater financial access is extremely difficult during this time.

A glimpse of the potential of the cannabis industry’s cashless, digital-dominated future is seen by the response of cannabis companies to COVID-19. The cannabis companies have adapted to the changes, and have been recognized as essential businesses while maintaining physical distancing. Some states have provided relaxation to the cannabis companies by allowing them to offer delivery of products, curbside pickup services, and online sales.

Adaption to the “analog to digital” transition was observed to be very fast, according to Socrates Rosenfeld, chief executive of Jane Technologies. Jane Technologies has previously developed an e-commerce platform for cannabis retailers.

He added that businesses and industries go through disruption as well, during a time of great environmental disruption, as also seen across global retail.

According to the data by Jane Technologies, the number of delivery purchases was had a greater share in overall purchases compared in recent weeks, at stores that offer both delivery and curbside pickup. Delivery shares were recorded to be 50% of transactions at those stores, during the week of March 11, compared to being 41% a month earlier.

A California based cannabis delivery company, Ganja Goddess, experienced a steady rise in their business following the issuance of lockdown orders.

According to the co-founder Steve DeAngelo, Harborside is one of the longest operating cannabis dispensaries in California, increased the hiring of delivery drivers along with the leasing of additional vehicles, in an attempt to respond to the rising demand.

According to Tyler Beuerlein, chief revenue officer of Hypur, an increasing number of customers are opting for online orders or deliveries, especially in places like Nevada, where delivery is the only available option. Beuerlein further added that this will increase the need for cash-free payment options.

Hypur is a fintech company that benefits from the use of automated clearinghouse transactions that allows cashless payments in industries such as cannabis. Hypur announced its future involvement last week, to facilitate payments for the delivery and curbside pickup of the cannabis company Caliva.

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Cannabis

New York passes a bill to legalize Marijuana

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Amidst the crisis USA is currently in, New York’s Senator has pushed through a bill to legalize the recreational use of Marijuana in the city.
 
It is no secret that United States is going through a major crisis. Especially, with the continuous spread of coronavirus and “#BlackLivesMatter” protests all over the country, the government has lost control over the masses.
 
Amid the ongoing retaliation from the public, Trump’s political standing is greatly challenged. With the whole country in unrest, these are certainly some critical times. However, the Senator of New York undoubtedly made a large chunk of the public happy with the news.
 
As a part of the Criminal Justice reforms, the senator has pushed towards a possible legalization of cannabis for non-medicinal purposes. The Safer NY Act also contains a prompt for legalizing cannabis for adults. However, it comprises of five bills that are primarily focused on policing reforms.
 

Main Aim behind the Legalization 

The main aim behind the step is to improve the transparency of police. It is also an attempt to increase accountability to the general public. Sen. Julia Salazar talked about the subject in a press release, saying that the legislators should immediately accept the package.

via The New York Post

 
The press release majorly focused on “legalizing marijuana with strong attention paid to ensuring that the government is reinvesting resources in communities most harmed by prohibition”.
 
The Senator told the Marijuana Movement about her ideology behind the decision in a phone interview. She said that only the “decriminalization” of the drug was not enough. There was nothing wrong with using Marijuana. Hence, the government should not penalize the public should for its use Especially, since it is not a big deal in the neighboring states.
 
Salazar further added that the legalization would also reduce racist encounters with the police, as mostly brown and black people face charges for the ordeal. On the other hand, their white counterparts generally go free. She said, “More people end up in the criminal justice system in the first place than is necessary at all.”
 
The senator is also trying to pushed the bill to increase the revenue from the Marijuana industry. And, since, more and more nations are accepting it as normal.

Will Marijuana become legal?

 
There is a high possibility that the legislators would push through the bill. Since, the government agencies were taking numerous steps for the objective previously as well. Peoples -Stokes, Assembly majority leader, also added that she hoped the legislators would finalize the legalization this year. However, the officials might further delay the decision due to the ongoing coronavirus crisis.
 
Further, there is a lot of political unrest in the country right now. People have come out on the streets to support the fight against racism. Numerous protests are being held across the country and the black community is raising a voice for its rights. This situation might also delay the process.
 

About Marijuana Movement

 
Marijuana Movement is an online forum working towards promoting the use of Cannabis. In light of the Cannabis rights, the platform tries to make its use normal and more acceptable. Marijuana Movement provides you with the latest interviews and news regarding the subject.
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Good news for Sciatica patients: CBD oil relieves the pain

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The recent studies on CBD oil have unfolded its utility in various fields of medicine. Researches on the effects of CBD oil on sciatica patients show that they can prove to be very useful in its treatment. The results have shown that the oil can work wonders to alleviate the Sciatica pain.

What is Sciatica?

Sciatica is a severe pain caused by disruption in the sciatica nerve. Anything that disturbs the nerve results in extreme and sometimes, unbearable pain.

Sciatica is a nerve that starts at the lower back and extends through the hips and legs to the toes. It sends messages from the brain to the legs via spinal cord. Since, it is a long nerve, patients usually complain of the pain at the lower back, hips, legs and heels.

Also read: Who owns the suspicious Marijuana farm near Middleton Home?

A compression on the Sciatica causes this severe pain. The major causes of compression are a herniated disk, bone spur on the spine or narrowing of the spine.

image credits: medium.com

What is CBD oil

CBD (Cannabidiol) is a chemical compound that is derived from the Marijuana plant. It relieves the pain without causing any psychoactive or mind-altering effects. CBD oil is made by extracting CBD powder from the marijuana plant. Coconut or olive oil is mixed in it for better application.

The recent researches on CBD oil have revealed its anti-seizure, neuroprotective and pain relieving properties. Due to its wondrous effects on human body, many celebrities advocate for CBD.

Utility of CBD oil for Sciatica patients

CBD oil works by increasing the number of pain modulators that stimulate a response to the pain. Our mind has cannabinoid receptors that modulate the pathways that stimulate a response to the pain and negative emotions.

As sciatica pain arises, the CBD oil applied on the respective part works to reach the brain in order to stimulate a faster response to the pain.

While the Sciatica is a very painful condition, it is mostly treatable with medicines. However, most pain relievers have side effects that cause harm in the long run. In contrast, CBD oil works naturally to enhance the receptors with minimum side effects.

Best CBD oil to relieve Sciatica

Every person’s reaction to different types of CBD oil varies from the other. One cannot say with surety, since what works for some might not work for the others. This is primarily because every person has a different set of genetics, general health and tolerance.

Natural and organic remedies take time to show their reaction. While CBD takes some time to relieve the pain, it is undoubtedly one of the harmless ways to do so.

CBD oil works best when used with the consultation of a doctor. Before buying, one should make sure that the oil contains laboratory verified ingredients.

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Who owns the Suspicious Marijuana Farm Near Middleton Home?

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The Police discovered a Marijuana Farm near Kate Middleton’s family home in Buckleberry in Berkshire. A power outage led to the discovery of the illegal farming of marijuana right next to Middleton’s 18 acrea estate, on Thursday.

The Middleton Estate

Kate Middleton’s parents, Carole and Michael Middleton, own a £4.7 million Grade II Manor house in Buckleberry in Berkshire. The purchased this property back in 2012 after moving from their £1.5 million house in the same village of Berkshire. The 18-acre estate consists of 7 bedrooms and 5 reception rooms. Carole and Michael moved here due to the better privacy and security this house offered.

Image Credits: Zimbio.com

The Middleton Family House holds great importance for the Duke and Duchess of Cambridge. The Duke and Duchess have spent a lot of fun moments at ‘The Manor’. All the sweet memories make The Manor a strong fort to hold.

Image Credits: express.co.uk

Discovery of the Marijuana Farm

Upon calling, people from the electricity board came to solve the electricity power situation. The workers from the electricity board discovered the Marijuana Farm on the Wednesday night. They immediately brought this to the attention of the police. The police raided the area on Thursday and found an empty Cannabis factory.

 Also read: House Fire exposes illegal marijuana operation

A witness reported that about 6 vans collected the content inside the potential cannabis factory. The police has taken all the evidence for further investigation. The Police is investigating this case under the top priority badge. They have found some evidence that the empty and abandoned factory was previously being used as a safe space to make drugs from cannabis.

Until now, no arrests have been made and people are clueless about the owner of the factory. The police has asked the public to contact police if they have any information regarding the suspicious factory hidden in the barns. The investigating officer told the media that they are still carrying out an investigation. They are confident that they will soon get to the bottom of this matter.

Also read: WHO – New Study Suggests Face Mask Could Reduces the Risk of COVID-19 by 85%

Baseless Rumors

As suspicious as it might sound, there is no confirmation to it. Kate Middleton is the Queen of Grace and her family is an epitome of class. The rumors about the Cannabis Factory being owned by the Middletons are circulating however, it seems nothing but a rumor. Royal family has always been subjected to such fake news every now and then. Previously rumors about Kate’s fourth pregnancy were also in the air and Kate having marital issues with Prince William also surfaced.

While the Police and CID are working hand in hand to solve the mystery of the Cannabis factory and marijuana farm right next to the Middleton Family House, people are looking forward to get their hands on the latest gossip.

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