Cannabis, largely due to convenience and lazy media depictions, often seems exclusively a smokable. Fewer still know about its propensity to provide its effect just as well even when eaten. And then there’s the even smaller number of people aware of how suitable weed is in the form of beverages. That’s right, cannabinoid beverages is practically the new norm. After all, the THC (tetrahydrocannabinol) and CBD (cannabidiol), both key constituents of cannabis, dissolve well in drinks. Using weed in drinks is simply a no-brainer at this point, and cannabis companies realize this.
That is precisely why Canopy Growth Corp., a major player in the cannabis industry recently announced its venture into cannabinoid beverage. The news comes as a pleasant surprise, and the move comes just in time as the fiscal year ends. Meanwhile, other major competitors, such as even Mike Tyson, gear up their own cannabis drink productions.
Cannabinoid beverages offer a different aesthetic and energy, whether it be casually or at a party
Most party drinks vary between different alcoholic beverages. And at bars or restaurants, the same applies. For younger or teetotalling individuals, soft drinks and fruit drinks apply. However, as Canopy Growth Co. maintains, the introduction of cannabinoid beverages would seriously shake up the existing dynamic.
The new drink option would offer more variety for people to choose from. In addition, rather than run the risk of an unpleasant tipsiness or buzz, a new alternative exists. The THC in the drink, being a strong psychoactive compound, would provide a more moderate pleasure to the consumer.
The company, and other advocates and investors in the line of cannabinoid drinks, all hype up the concept. They argue that the introduction of a drink would benefit people who choose not to or simply cannot smoke. Furthermore, cannabis in edibles now seems riskier, as homemade food cannot always be trusted in terms of dose accuracy. Therefore, the presence of a regulated, completely reliable THC product would certainly increase drug usage safety.
This sudden pivot to a new business venture comes after a difficult financial year for the company
With the rise of the ongoing COVID-19 pandemic, the year 2020 certainly became doomed from the start. While some countries experienced other serious issues, from natural disasters like bushfires to civil unrest, the pandemic is on its own level. This devastating outbreak of coronavirus left an immense financial and economic ruin. Countless jobs lost, and declines in economic growth, as well as focus shifting to vaccine trials, resulted in destitution. For this company, in particular, the year marked a 32% loss in stock value.
This new cannabinoid drink line of work comes as a result of investors. The chief investor is a company called Constellation Brands, which notably also owns Corona Beer (how ironic the name is!). This new era of funding at Canopy Growth marked a turning point. The new products benefit from better regulation, and the slow but sure laxation by conservatives across the United States.
Currently, the soft drink and non-alcoholic products industries may now face direct competition
The main charm of cannabis in drinks is the alternative they entail. Most cannabis drinks advertise a manageable high with minor side effects. Therefore, within this generation, the concept of drunkenness may not compare to getting high. However, the aim is to one day see the erasure of the double standard.
For more news from the scientific or economic experts, stay tuned!
The Legalization of Cannabis across USA; What’s the Real Reason Behind?
People of color are striving for decades and are discriminated against for their usage of drugs. Often facing issues of penalties and illicit charges finally is the time for them to have justice and help sustain the United States economy. The economy has suffered adversely. Back in December global cannabis stock started rising up.
The news is in the air and making a huge difference in the lives of many people. It’s a well-deserved and remarkable recovery for the cannabis industry. 2021 has definitely given them a lot of good news to survive and cheer up! This industry is fighting for a very long time for its due rights and during 2020 several events gave it the due edge. Now it seems like wrestling has resulted in the achievement of existential identity and is already set for any storm. There are several reasons for the change in the direction of the wind. Let’s recap the reasons and have a look at this major shift.
As flagged Covid 19’ has forced the state to legalize cannabis. It is not only the effort of Democrats but also the hole in the budget which is persuading them to take this step. This step will lead towards new employment opportunities and will help families that have lost their means of earning at the hands of the pandemic. It is estimated that billions in terms of tax will be generated to help the state and its citizens.
End to Racism
The people of color will finally get justice. They have been facing racism and discrimination issues since the war on drugs. You must know the history of the plant marijuana- which is believed to be an agent in stopping the immigration of the Mexicans from entering Texas. Initiatives taken by States: The November elections opened up a way for many cannabis companies to open up across New Jersey, Arizona, Montana, South Dakota, and Mississippi. The total addressable market expects more than 16 million new customers. According to studies, very soon, every one-in-three American citizen will live in a state where cannabis adult usage is legalized.
Expansion of other industries
The best for last is cannabis acting as a catalyst in the generation of revenues. Not only is this legalization of cannabis acts as a fuel to empower other industries. Boris Jordan, Chairman, Curaleaf declares that New Jersey was the tipping point and when New York and Pennsylvania go recreational, 80% of the US population will have access to adult-use cannabis.
Helping Hand to Neighboring States
It will also help the neighboring states like Canada to invest in States. The leaders will look forward to trading. Constitutional developments and laws will help US operators and industrialists to trade around core positions. As soon as the legalization of cannabis takes place, multiple fund managers start to buy cannabis in the US which is of high quality. Despite the fact, there is a lot of supply of cannabis and capital raises we still need to remind ourselves that more laws need to exist. Like they have come up with the laws and decree for the growth, cultivation, supply, and possession laws they need to have laws for child-resistant packaging marijuana foods.
What to expect now?
Once the US companies linked with cannabis are able to access capital to fuel and pump their growth and once they list on US exchanges, then the voyage will be underway. This asset will prove to be a new socio-economic engine for the US. The historic end to the war on drugs is on its way. A revolution is coming and good days for many!
Medical Marijuana Leads to Poisoning in Kids
The Bottom Line
Giving medical marijuana to patients suffering from HIV or AIDS, seizure disorders, and in case of chronic pain is trending. In addition to this, it is given to patients suffering from severe nausea. Also, it is proven beneficial for patients who lose their appetite for treatment such as chemotherapy. The chemical inside medical marijuana is active compared to the marijuana plant.
There had been several issues getting under the light once the news of cannabis legalization came into existence. This has for sure brought smiles to millions of faces. Proper laws and decrees have been passed for the possession, cultivation, and growing of marijuana but what is the major concern right now is that there are no laws for the child safe storage of medical marijuana products.
The Complete Story
After the Democrats winning the position they have pushed a way forward to the matter of legalization of medical marijuana in the States. Although there are many states in America where it has been legalized but the debate is still in the air about other states.
Dated, 14th January many states have made it legal in the District of Columbia. There are specific medical conditions allowing patients to use medical marijuana legally. Examples of such conditions include patients with cancer, AIDS, and severe nausea. Also, patients suffering from seizure disorders and high-intensity pain can legally use medical marijuana. However, the Federal Government doesn’t take any legal action against people holding it but it still is illegal under federal law.
Now coming to the major concern legal or illegal, if you have marijuana in your household, it is accessible to small children. The recent study suggests that children swallowing marijuana are serious and need hospitals to save their lives. As medical marijuana has a high intensity of an active chemical termed tetrahydrocannabinol– abbreviated as THC compared to marijuana plant or dried marijuana.
Reports by researchers in Colorado
Kids are curious and they have a habit of imitating adults. There is a very high chance of bad news if you don’t take the proper precautions of keeping medical marijuana at your homes. Cookies, brownies, and candies contain medical marijuana. Such items usually don’t have any warning labels that would at least remind the adults to keep such things out of reach. Researchers in Colorado have recently reported an increase in the number of cases after swallowing its products. The children’s ages vary from 8 months to12 years old. After these cases, evaluations suggested that medical marijuana cakes, brownies, and candies belonged to the grandparents, parents, friends, or baby sitters coming to their places.
Symptoms in Children
The most common and noticeable symptoms that left the parents suspicious were excessive sleeping, lightheadedness, and having trouble maintaining balance. Yet, some children faced breathing issues-leaving them with low oxygen saturation. Fortunately, enough none of such cases expired and they recovered without the persistence of any health issues.
The most common symptoms were excessive sleepiness, lightheadedness, and trouble walking. However, a few became too sleepy and their breathing slowed down. That could mean the child doesn’t get enough oxygen. Fortunately, none of these children died. They all recovered without permanent health problems.
ALSO READ: Two Faces of Marijuana
The True Story
This happened which warned the parents in the state to take special care of their children. As at this particular time there are no regulations for child-resistant packaging of medical marijuana products.
Report says that a 3-year-old child ate a cookie made with his grandfather’s medical marijuana. The trouble for the family came into notice When the child became very sleepy rushing to an emergency room was the only option. Several blood tests and medical procedures as per the protocols took place but the urine sample declared the presence of marijuana. The child was admitted to ICU for further treatment and procedures.
Common Ground Found For Legalizing Weed
Perhaps one of the most overlooked and avoided affairs in the Senate is the legalization of weed. In the past, some laws did become a reality. These include house bill 3703 that makes slight changes to Texas’ low-THC medical program.
We’ve seen about two dozen bills that address decriminalization of medical cannabis, allowing hemp cultivation, and outright legalization of carrying and using weed.
The responsible marijuana policy director Heather Fazio believes that this current push for legalization is something that was never seen.
The house bill 447 by El Paso Democratic Representative Joe Moody would permit adults in the state of Texas to purchase and subsequently possess up to 2.5 ounces of cannabis. Moreover, 15 grams of this could be in concentrate form. The bill also allows people to grow up to 12 plants at their private residence.
The bill also argues that this will facilitate in curbing the illegal movement of cannabis as prices will go down significantly and everyone related to the trade will have their records sorted. Bill 447 also allows for retail operations under a license and a 10% sales tax.
The current suggestion will allow most of the money to go to the Public-School Teachers Fund. Another such senator, Roland Gutierrez, D-San Antonio, brings bill 140 to the table that essentially offers an alternate way to distribute the money.
Texans for Responsible Marijuana Policy Director Heather Fazio believes that economic factors may also weigh heavily. She thinks that over a billion dollars per budget cycle will be added to the national exchequer. All this can be put to practice by legalizing a product that people are already using. Right now it is largely unregulated and is outside the tax net.
Increased Acceptance in People Regarding Weed Use and Distribution
The suggestions are to be a part of the constitution through amendments. Fazio sees more bipartisan common ground in their efforts related to decriminalization and penalty reduction. Even extremely conservative members like Rep. Steve Toth, R-The Woodlands, wish to reduce the penalty for small-scale possession to a class C misdemeanor. This would make small-scale (under two-ounce) possession ineligible for jail time.
All these movements will allow Texas’ medical cannabis program to grow further. Senator José Menéndez, D-San Antonio, has been a long-standing fan of the medical use of weed. Each time the house was in session since 2015; his SB 90 would allow physicians to prescribe cannabis products to their patients. This is a suggestion for any level of THC concentration, and for whatever diseases that the doctor sees fit. Menéndez believes that his bill will allow a medical doctor the right to decide about what’s the best medical treatment for them.
Medicinal Usage of Weed
Menéndez is vouching for medicinal use of weed. He thinks whoever does abuse the use of weed will continue to do so with or without this legalization. Menéndez further says he wants to open weed usage up for senior citizens and law-abiding citizens who need pain relief. He wants weed legalized for people who wouldn’t dare touch weed except for medicinal purposes.
According to Menéndez, SB 90 could easily pass in both chambers but is unsure about the take of the governor or lieutenant governor on the matter. He expects both to be on the same side as most other Texans, who have vouched for open trade and legalization of weed.
Cannabis2 years ago
How CBD oil works?
Cannabis2 years ago
Research Suggests Cannabis Effective in Treating Endometriosis
Health1 year ago
Diabetes Freedom Review – A Natural Way To Beat Diabetes Type 2
Cannabis2 years ago
CBD Gummies: How does it work? Benefits, Pricing and Packages
Featured1 year ago
Prosper Wellness TurmeriCBD Review – A combination of Turmeric and CBD?
Cannabis2 years ago
What are the main advantages of consuming CBD oil?
Health1 year ago
VitaMove, a Popular Formula to Relieve Back Pain is Restocked
Cannabis1 year ago
Can Cannabis Survive in Pharma?