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Cannabis producer Tilray reveals a massive increase in revenue in 2018

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Earlier in the week, Nanaimo, B.C.-based cannabis firm Tilray, revealed its earnings for the year 2018, which shows that the company more than doubled its revenue back in the previous year as pot became legal in Canada, however, given its rapid expansion, Tilray also posted a net loss of $67.7 million.

According to the report published by Tilray, the company which listed back in the previous year said it sold 6,478 kilograms of cannabis in 2018 at an average selling price of $8.59 Cdn per gram.

In comparison to 2017, Tilray had a 110 percent increase in revenue, amounting to $56.4 million Cdn.

As per reports, Tilray noted the significant revenue growth for extract products in comparison to dried flower, where extracts represented 49 percent of the sales mix in 2018 in comparison to 20 percent in 2017.

Back in the previous year, the company reportedly raised $153 million in its IPO which is being used for its rapid expansion plans.

With such incredible growth, Tilray acquired various cannabis companies, with Alef Biotechnology SpA, a licensed cannabis company in Chile being one of them. The company also invested $7.5 million in Quebec-based cannabis producer ROSE Lifescience Inc.

With the purchase of Alef, Tilray has permission to import, produce and distribute Tilray branded medical cannabis throughout Latin America, also the company is authorized to import cannabis into the U.S. for medical purposes.

Additionally, for supplying medical cannabis products to patients globally, Tilray announced the formation of an alliance with Sandoz, part of Novartis Division.

Furthermore, the company is also working with Authentic Brands Group to market consumer cannabis in Canada and the U.S, and with AB InBev to develop CBD beverages and non-alcohol THC.

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Cannabis

How cannabis helps in treating PTSD?

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Marijuana is used among people for medical benefits. The government also supports the legalization of marijuana so people are encouraged to use it. We are now in an era where we can understand the usage of plant and how cannabis can benefit us by treating different diseases.

The compounds in marijuana are very efficient in medicinal benefits. Cannabinoids have the ability to interact with our endocannabinoid system.

THC and CBD are the two main important compounds of cannabis. THC is known for its psychoactive effects. The medical benefits of cannabis can be maximized by combining different cannabinoids.

A lot of people are considering marijuana for treating post-traumatic stress disorder (PTSD). PTSD in long terms can result in anxiety, depression and other mental disorders. It can also result in eating disorders.

PTSD can also result in sleeping disorders and lingering memories. So this ultimately effects the way you work and your ability to think. And then it is very difficult to live a normal life.

In long terms, PTSD can also be life-threatening. There are many treatments for treating PTSD such as psychotherapy and pharmaceutical drugs. But cannabis is also making its way in treating PTSD.

Cannabis and PTSD

The two important compounds of cannabis THC and CBD play a vital role in treating the symptoms of PTSD. As these compounds have the ability to interact with the endocannabinoid system.

These compounds also improve the endocannabinoid system’s mediation of some important functions that relate to sleeping disorders and memory problems.

Cannabinoids also play an important role in activating the two vital receptors CB1 and CB2. They help in inciting the system to produce neurotransmitters. The neurotransmitters advance happiness, satisfaction, delight, and memory.

The cannabinoids assume a basic job in helping PTSD cases by:

  • viably counteracting awful memories and bad dreams.
  • accomplishing passionate prosperity.
  • forestalling the recovery of the underlying trauma.

Because of this cannabis is considered a famous treatment for PTSD.

According to research, the PTSD patients have very low levels of anandamide than other people. Anandamide is a neurotransmitter and an endocannabinoid. That really means that anandamide is a natural cannabinoid.

It works exactly like cannabis by stimulating the endocannabinoid system. This results in improving the functions of the endocannabinoid system such as mood, pleasure, fear, and depression.

PTSD patients have difficulty in sleeping. They also experience stress that affects their normal activities. Cannabis helps in improving the sleeping routine of patients with PTSD.

It also provides them calmness and sense of awareness. Their mind functions in a better way and their ability to think also increases by consuming cannabis. In an investigation, 47 patients were examined who experienced nightmares even by using pharmaceutical drugs and seeing a psychiatrist.

By treating the patients with cannabis it was concluded that 72% of the patients had stopped experiencing nightmares. Not only this but for those patients also experienced a better sleeping routine.

CBD is better for PTSD patients than THC

Because of the non-psychoactive effects of CBD, it is considered a better treatment for PTSD than THC. And it is also easily accessible.

 

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How motion sickness can be treated by using marijuana?

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Everyone has experienced nausea or vomiting in their lives. Motion sickness is very common among people. It can result in nausea. Cannabis can help in treating motion sickness.

People who spend most of their time can also experience seasickness. It is even worse than motion sickness. As it lasts for hours or even for days. Some people also have seasickness even by looking at the boat in the sea.

Cannabis can actually help in getting rid of the sea sickness too. If you are in the sea and smoke cannabis then you may feel a lot better. Same is the case with the motion sickness.

Motion sickness occurs when we experience confusion between our inward feeling of bodily movement and the outwardly seen movement.

If you experience motion sickness then you will see how bad it is to get sick in a car, boat or airplane. Motion sickness does not have any long term side effects. But if you are a frequent traveler and experience motion sickness most of the time then it can be miserable.

Marijuana and motion sickness

As according to the researchers, cannabis can help in treating nausea from post-chemotherapy so relating that researches also showed that cannabis can also be very effective in treating nausea from motion sickness.

Many compounds of cannabis are effective for health benefits. CBD is the best compound of cannabis in treating nausea because of its non-psychoactive effects.

Researches suggest that CBD can help in reducing the chemical compound that results in nausea by activating somatodendritic 5-HT (1A) receptors.

A research was conducted on the people before, during and after parabolic flight maneuvers. Their blood samples were analyzed.

It was concluded that the person who became sick or had experienced the symptoms of motion sickness had very low levels of endocannabinoid. On the other hand, the people who didn’t get sick had risen their levels of endocannabinoid.

Motion sickness also has other treatments such as pharmaceutical drugs but they are not so effective as these medications have side effects of overdose and abuse.

But medical marijuana, on the other hand, does not have any side effects if its proper dose is taken. Medical marijuana is safe to use.

Marijuana can treat a lot of the symptoms related to the motion sickness. Some of them are:

  • Nausea
  • Anxiety
  • Problem with breathing
  • Drowsiness
  • Stress
  • Pain

Cannabinoid medicines are considered better than the other pharmaceutical drugs in treating nausea. Cannabinoid medications for nausea and vomiting are also available in the market.

A person traveling with anxiety can also have motion sickness. Cannabis is also considered very effective in treating anxiety and depression because of the compounds present in it.

What to keep in mind?

If you experience motion sickness very often then it’s important that you concern a cannabis-friendly specialist. You should acknowledge him about your condition and then he can suggest the best medical marijuana edible for you.

Concerning a doctor is very important as then you will know about the proper dose that will suit you.

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What is Proposal 1 Bringing For Michigan?

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The war for cannabis legalization is not a 21st-century dilemma. Rather, it has been going on from decades, especially in cities of Michigan state. For instance, a poet John Sinclair got arrested for consuming the substance in the premises of a drug regulating officer.

This resulted in a huge uproar in the general public when loads of US citizens protested against the action taken.

The supreme court of the state released the poet in 1972 over the fact that the authorities violated the constitution of the state. It went through irrational justifications on categorizing cannabis in the list of hard drugs that year.

The authorities arrested over two hundred thousand Americans who were African natives for the use of cannabis in the 2000s. This happened between the years 2007 to 2016 in the US states.

What is the current situation in Michigan and how proposal 1 changed the game?

Cannabis legalization for recreational purposes was not made possible until 2018. It was when Michigan became the first among its neighboring states in the Midwest to have legalized the substance for recreational use. Last fall, authorities called the people of the state for voting on the subject.

More than three hundred thousand signatories made the ballot voting happen in the Midwest state. The votes were in favor of the question as the passing percentage was 56 percent. Similarly, Illinois is going to have cannabis legalized for recreational use next year.

There is no restriction for cannabis usage in the state. However, the limbo takes over

The drive for full legalization of cannabis across the states is blurry. It is because there is still discrimination among the states in terms of its legalization. The amendments, prohibition, and allowance will remain confusing until there are unanimous and uniform advancements.

The proposal 1 in Michigan state is aimed at acknowledging all regulations and provisions that would be supervising an industry. It is aiming to generate an amount of $134.5 million annually in taxation by the year 2023.

Is Michigan effectively regulating cannabis in its state?

The state of Michigan legalized cannabis for medicinal purposes a decade ago. However, it still has not found ways and means to how profoundly regulate it effectively according to the state development authorities.

The old committee for the regulation of cannabis is now fallen for segregation. It has been replaced with a dual functioning one that would be responsible for regulating both recreational and medical cannabis.

Further details about the cannabis legalization through Proposal 1 in Michigan State in the US

The proposal 1 allows cannabis usage for all purposes for adults aged 21 and above in the state of Michigan. It also permits carrying up to 2.5 ounces of cannabis. There is permission for cultivating a dozen of the plants in the premises of a single residential area.

One can gift cannabis in the state, but sales for recreational cannabis are not legal at the moment. This has paved the way for many entrepreneurs to monetize the opportunity and make a profit for it while it exists. The ban, however, is temporary.

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