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Cannabis Business By The Numbers: 6.5 Percent, $33 Million, 150 Compounds and $10 Million

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6.5 Percent

Colorado’s legalization of recreational cannabis sales and use resulted a 6.5 percent reduction in opioid-related deaths, reversing a 14-year upward trend in opioid-related deaths in the state, according to a study published in the American Journal of Public Health.

The researchers added, “Given the rapidly changing landscape of cannabis and opioid policy in the United States, the need for evidence of the diverse health effects of these laws is increasing.”

$33 Million

Tel Aviv-based Syqe Medical, the Israeli company that created a 3D printed inhaler for medical marijuana and other uses (Phillip Morris has invested) has raised $33 million in funding, Merry Jane reports.

The inhaler is unique because it is a smart device, and allows doctors to prescribe the drug remotely and in controlled doses.

150 Compounds

Canada is calling for more researchers as there are 150 cannabis compounds that have yet to be explored, according to Mike Dixon, a Canadian researcher and professor at University of Guelph who led a study funded by a licensed medical marijuana producer as well the federal government.

Dixon’s team told CTV News that marijuana companies need a “huge number of scientists” to research medical applications associated with marijuana. “There are more than 150 compounds found in cannabis that need to be explored,” Dixon said.

$10 Million

Uraguay company International Cannabis Corporation plans to invest $10 million in cannabis production in 2018.

ICC will produce Uruguay’s first batch of medical cannabis oil for export to Canada and Mexico in December, Business Insider reports.

 

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Three Surprising Numbers for Cannabis Businesses This Week

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Three important numbers you should know about the cannabis industry this week.

$6 million

Southern University of Carenco, La. awarded newcomer medical cannabis company Advanced Biomedics a $6 million contract to grow, process and distribute medical cannabis. Advanced Biomedics plans to construct a 40 thousand square foot facility in Baker, La.

89.5 percent

Almost 90 percent of physicians-in-training said they do not feel prepared to prescribe medical marijuana according to a recent survey, and only nine percent of medical school curriculums document content on medical marijuana in the Association of American Medical Colleges database.

10,000 to 200,000 square feet

The trend in cannabis grow facilities is to go big, according to EnviroGrow CEO Dan Williams: “The trend in cannabis is large-scale facilities from 10,000 to 200,000 square feet as states are giving out a limited amount of cultivator licenses.”

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Make America Hemp Once more: Hemp, Inc. Opens America’s Largest Facility to Save Household Farms

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Hemp, Inc. (OTC: HEMP) just lately introduced that it constructed the most important business industrial hemp processing facility in North America, and the corporate that intends to “make America hemp once more” is now in full operation at its 70,000 sq. foot facility in Spring Hope, North Carolina.

Hemp, Inc.’s hemp mill is now operational. CMW Media/Christian Rodas

As well as, August 17 marked the official launch of Hemp Inc.’s NuAxon Tech CO2 Supercritical Extractor. David Schmitt, COO of Industrial Hemp Manufacturing, LLC, stated “Hemp, Inc. is now in place to be a totally built-in top quality [cannabidiol] CBD producer,” in a launch.

Opening the power took over three years, plus tens of millions of dollars spent on buying, disassembling, transporting, reassembling, rebuilding, refurbishing, beta testing and debugging.

Placing their new extractor to work is a big step ahead within the firm’s capacity to clone, develop, domesticate and course of excessive CBD crops, with market costs on their aspect, Schmitt stated.

“It principally all boils down to provide and demand. In the present day, market costs are someplace within the ballpark of $20,000 per kilo and we now have giant quantities rising,” stated Schmitt.

Hemp Inc. planted lots of of acres of commercial hemp and excessive CBD hemp in North Carolina, Kentucky, Colorado, Nevada, and Oregon. The CBD oil business is predicted to succeed in 1 billion by 2020.

Bruce Perlowin, CEO of Hemp, Inc. CMW Media/Christian Rodas

Bruce Perlowin, CEO of Hemp, Inc. stated he intends to create infrastructure for a strong hemp business by making a enterprise mannequin of commercial and processing, schooling, farming, and extraction of CBD oil, so that folks can begin their very own small household hemp farms.

“CBD is the quickest rising sector of the complete medical marijuana and hemp business,” he stated. He stated he needs to help anybody who needs a begin within the business on the totally different applied sciences out there for CO2 extraction, which permits the manufacturing of cannabinoid hemp oil.

Hemp, Inc. CEO Bruce Perlowin examines a hemp plant at a North Carolina farm. CMW Media/Christian Rodas

The corporate established ongoing month-to-month hemp instructional seminars by way of The Hemp College at Louisburg School in Louisburg, North Carolina.

North Carolina Farmer Tony Finch grows hemp at his household farm. CMW Media/Christian Rodas

Perlowin invited President Donald Trump’s activity pressure for Selling Agriculture and Rural Prosperity in America to see the brand new hemp facility, saying “President Trump’s Process Drive or any member thereof ought to actually go to Hemp, Inc.’s facility in Spring Hope, North Carolina.”

The small household farm, as soon as a staple of the American panorama, is quick disappearing – and Perlowin hopes to vary that. He imagines a mannequin household farm is located on 5 acres and consists of a cloning room, a greenhouse, and 5,000 hemp crops.

“By displaying farmers how you can develop excessive CBD hemp crops, function a greenhouse and switch a barn right into a cloning room to earn $500,000 a yr, the small household farm can reappear within the American panorama. In any case, the unique small household farms in America have been capable of survive economically by rising hemp as their fundamental money crop and the primary 5 presidents of america have been all hemp farmers. Our infrastructure is 100 % aligned with what the President right now, is making an attempt to perform with this Activity Pressure.”

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CBD Oil Market to Attain $1 Billion by 2020

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The CBD oil market will probably be at $1 billion by 2020 based on a Brightfield Group report.

The report’s findings are based mostly on a 55 % annual progress price. There have been $170 million in CBD gross sales in 2016 based on Brightfield Group.

The entire cannabidoil market will attain $467 million this yr, in accordance with Brightfield Group and HelloMD.

CBD oil differs from different hashish drugs in that it may be produced with out THC, so it’s authorized in all 50 states and never topic to federal regulation.

The shortage of psychoactive results from THC, whereas offering medical aid to many circumstances together with epilepsy, makes CBD oil a robust choice for youngsters and aged sufferers.

A current consumer expertise report discovered that almost half of sufferers who use CBD oil cease utilizing conventional medicines together with prescription tablets.

About 66% of CBD customers indicated that CBD merchandise are both “simpler” or “rather more efficient” in relieving their medical circumstances than are over-the-counter merchandise.

 

 

 

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Talking Cannabis, 76 Stories Above Seattle’s Skyline

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It all starts to set in when you’re standing at the foot of Washington’s tallest skyscraper, towering an impressive 76 stories above you. What brought you here? The answer, if you had an invitation in hand, was to attend OMD’s 3rd Annual Mixer – An exclusive networking event bringing together industry entrepreneurs, influencers, and leaders to celebrate the year before and the year ahead. We ran into a few other professionals dressed to impress and took the elevator 1000 ft. up to be greeted at the doors of the Columbia Tower Club with gold gift bags from Leafly & Printwest, the event’s main sponsors. As we walked into the venue, the sunset outside spilled light into a room full of elite professionals – We were here.

As we walked into the venue, the sunset outside spilled light into a room full of elite professionals – We were here.

And we mean that both physically, but more so figuratively. The cannabis industry has had more than its fair share of triumphs and failures, progressions and setbacks and this event last week really made it set in that we had come so incredibly far. We were a diverse group of cannabis industry professionals from across the country in Washington’s most exclusive venue celebrating the plant that brought us here together. It was most certainly one for the books. It’s annual events like these, that Jared Mirsky, CEO of OMD Agency and his team design that give its invitees a unique opportunity to reflect on the past, present and future of their careers and passion for this industry.

In this space especially, you have an incredibly passionate group of people who are aligned with this vision of ending cannabis prohibition” said Paul Campbell, President of Leafly. Around us, conversations wove together to create an unparalleled ambiance of intellect, passion, and business. There were both new introductions and age-old high fives and handshakes. Groups of well-dressed professionals gathered for photos, ordered alcoholic beverages from the bar, and slipped hand-rolled joints from the party favor table into their pockets for later.

It was a night that succeeded in new connections, fresh perspectives, and new partnerships to take into the new year.

Pairs of professionals gathered around floating cannabis leaf centerpieces at draped tabletops. The theme of the party was gold and it was everywhere – from the gold-leaf Evergreen Market logo glinting from the photo backdrop to the gold accessories everyone seemed to have on their wrists and bare necks. This collection of people made the air vibrate with energy – It was a night that succeeded in new connections, fresh perspectives, and new partnerships to take into the new year.

Standing tall in his light gray suit, event sponsor Cy Scott of Headset.io shared his excitement in seeing “the enormous number of new brands and products introduced every month.” Pair that with Cheryl Shuman adding that “marijuana is officially mainstream” and we knew were in the right place.

The best part? Having the opportunity to talk about cannabis 1000 feet above Seattle’s skyline. Cannabis industry leaders and influencers – If you are reading this – We’ve made it. Now let’s take this momentum and keep with the pace!

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Paraguay is the 3rd Latin America Country to Approve CBD Oil for Epilepsy

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Like Brazil and Mexico before it, Paraguay has approved Real Scientific Hemp Oil™ (RSHO™), a non-psychoactive CBD oil, as the first cannabis-based product available in the country. The import permit was granted to the family of Mathias Alejandro Gonzalez, who suffers from a rare form of childhood epilepsy, Lennox-Gastaut syndrome, and autism spectrum disorder. Lennox-Gastaut syndrome is considered an intractable form of epilepsy, meaning it doesn’t respond to traditional treatments. The Gonzalez family was importing expensive but ineffective drugs from Spain when they decided to give RSHO™ a try.

Mathias was diagnosed with both epilepsy and autism.

We couldn’t be more excited that Paraguay is requesting our CBD hemp oil brand, RSHO™, as the first for government-approved importation. It brings full-circle the efforts of creating systems and infrastructure in order to provide reliable access to our CBD hemp oil brands to individuals around the world,” stated Dr. Stuart Titus, CEO of Medical Marijuana, Inc.

The Direccion Nacional de Vigilancia Sanitaria in Paraguay approved the importation certificate on April 15th. The import permit allows the family to acquire one bottle of Medical Marijuana, Inc.’s RSHO™ liquid, which contains 1000 mg of hemp derived CBD. The Gonzalez family had to petition the health authorities in Paraguay for the right to treat their son with CBD hemp oil, arguing that their son deserved to pursue treatment with cannabis as a basic human right.

Paraguay has approved the first import certificate for CBD oil to Mathias.

Unlike in the U.S., where CBD oil products are sold as dietary supplements, many countries classify all forms of cannabis, even hemp, as illegal. However, the hemp derived CBD oil products from Medical Marijuana, Inc. have already been the impetus for change in South and Central America with both Brazil and Mexico approving RSHO™ as a legal import. In the Caribbean, Puerto Rico has authorized the use of medical marijuana for those over 21 with the recommendation of an authorized physician.

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The use of Real Scientific Hemp Oil™ has spread recently in Latin America.

In addition to chronic pain, Parkinson’s disease, and epilepsy, Brazil recently added cancer as an indication for the use of RSHO™. Brazil first approved RSHO™ following a grassroots campaign by Medical Marijuana, Inc. and their subsidiary HempMeds® Brasil aimed at educating Brazil’s citizens, doctors, and health officials on the medical benefits of CBD oil.

Mexico also recently permitted the use of CBD oil in their country. The first family approved was that of Grace Elizalde. Grace’s parents, Raul and Mayela Elizalde, are the founders of the Por Grace Foundation, a non-profit organization that has partnered with HempMeds® Mexico to help families interested in accessing a THC-free version of Real Scientific Hemp Oil™ called RSHO-X™. The Por Grace Foundation and the Elizalde family were instrumental in the process of securing the first permit for cannabis in Paraguay for the Gonzalez family.

The Elizalde family became involved in the movement for medical cannabis after their daughter Grace was diagnosed with Lennox-Gastaut syndrome, causing her to suffer from the same autism and seizures as Mathias. Raul began the Por Grace Foundation to raise awareness for RSHO™ for his daughter after he became frustrated with ineffective traditional treatments. Medical Marijuana, Inc. and HempMeds® worked closely with the Elizalde family and Mexican health officials to secure permission for Grace to import RSHO™.

Ever since first allowing the Elizalde family access to RSHO™, the Mexican government has drastically changed direction in their marijuana policy. In a public address in April, Mexican President Peña Nieto laid out his plan to reform cannabis laws. Raul Elizalde preceded the President’s announcement with a sentimental speech commending Mexico’s compassionate new approach to cannabis.

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Paraguay has had a tenuous relationship with cannabis since the start of the drug war.

Paraguay is showing signs of following Mexico’s lead. Although possession up to 10 grams is currently decriminalized in Paraguay, the country has otherwise taken a hardline stance on marijuana in the past, adopting a slash and burn policy to eradicate the thousands of hectares of cannabis growing in the rolling hills of Paraguay’s countryside and cracking down on traffickers who move the marijuana throughout Paraguay and over the borders into neighboring countries like Brazil.

Just as Mexico’s President used harsh language regarding cannabis in the past, Paraguay’s President Horacio Cartes has said he is completely against legalizing marijuana, calling it an “addictive drug that destroys lives”. With the approval of RSHO™ for Mathias Gonzalez, Paraguay may be adopting Mexico’s new direction in cannabis policy.

Considering this trend among Latin American countries of adjusting their cannabis laws to fit the changing public acceptance of medical marijuana and rising costs of health care and law enforcement that strain the budgets of these developing economies, Medical Marijuana, Inc. has predicted a pattern of continued growth in the medical cannabis market in Latin America. With Brazil and Mexico already making up a market of over 320 million, Paraguay adds another 7 million citizens who could soon have full access to CBD hemp oil products.

Visit this education page to learn more about CBD and hemp oil or see this convenient guide to CBD hemp oil products.