Aurora Cannabis is currently working on building up accounts as it is looking forward to legalizing cannabis edibles and CBD infused products at the federal level the following winter season. However, it won’t be intruding its sale growth and work for making it profitable.
Aurora Cannabis plays a huge role in the industry because of certain reasons. It is a Medical Marijuana producer and supplier from Canada with little to no alternatives in the uprising industry. Secondly, it’s expected collaboration with Coca Cola is paving way for more popularity among the general public. Also, it has partnerships with intelligent brands who are working on technology that will cost less for more yield. All these factors synergistically act well together in making Aurora Cannabis the leading player in the industry so far.
The company is hoping to grow around twenty five thousand kilograms by the end of June this year. However, there will be a confidential amount of stock not available for sale in the market.
The finance management team of the brand is trying to instill advanced skills in the staff as the industry went through a number of challenges in the previous year.
Aurora Cannabis has been setting its eye on setting reforms in its revenue
With the start up launch of new products from the legalization, there will be a smoother road to drive on. It ultimately inspired the management to be shifting towards the idea of taking a minute quantity of revenue and placing it into the inventory. This way they will be able to invest into innovative products that will emerge in the industry.
There have been some obstacles in the way due to shortage in supplies and inactive launching of retail marijuana stores in Canada since October 2018. Ottawa has presumed that legalization of cannabis edibles, CBD infused products and other concentrates will occur this fall. However, the precise timing and the number is not yet disclosed by any representative. At this stage, Aurora is aiming to build up stocks comprising off all kinds of varieties in infused products, vape pens and edibles. They are also planning to incorporate a range of CBD beverages once the market has set up and gone to a larger scale.
Aurora has increased its production
In the later half of the quarter, Aurora increased its production for up to two times with a stock of 15,590 kg. Much of the cultivation was done in the same time. It took the overall capacity of the organization to an impressive level of 150,000 kg on annual scale.
The total revenue climbed to $29.6 million which counted as a 37 percent increase in the value. This exceeds the total medical revenue of $29.1 million. The price per gram of the dried items decreased down from $1.92 to $1.42. however, the average net selling cost decreased in addition to it to the final value of $6.40 per gram.
More companies like Aurora are looking up for ways and measures to spark up their production capacity of their products to stand as a big name in the industry. With Aurora having figured that issue out, it looks like they are already prepared for the big game.
The company faced some losses in the past year
However, things haven’t been always smooth for them as Aurora faced a $158-million loss on their revenue of $65 million in the spring of last year.
It is apparent that the shareholders are also looking forward to its increased production capacity as a way to standout in the market.
The maximum demand in the industry is somewhat not traceable up to this point. However, the Canadian market offers a big space for companies having the potential to grow. Experts claim that in the future, there is a big opportunity for Canada to import its cannabis products to other countries.
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.
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