WeedLife News Network

Not all cannabis testing is equal, but the USA’s National Institute of Standards and Technology (NIST) is aiming for it.

Legally speaking, the only thing distinguishing hemp from marijuana is its THC level. Not so long ago, the presence of any level of THC in cannabis made it marijuana at a federal level in the USA, but the 2018 Farm Bill made hemp with less than 0.3% THC legal.

THC testing can be a particularly difficult task where the cannabinoid is at low levels and one lab’s results may differ from another due to different methods or even just plain old human error. There can be a lot at stake – a farmer’s crop.

“If you’re going to confiscate a farmer’s crop, or subject a person to prosecution, you want to be sure that measurement is accurate,” said NIST research chemist Brent Wilson.

NIST has issued an invitation to labs to participate in a study that will assist them to produce the accurate measurements required to make a reliable call as to whether a cannabis sample is hemp or marijuana.

Did you know that we’re supposed to get 5 to 9 servings of fruit and vegetables every day? This equates to roughly two cups of fruit and 2.5 cups of vegetables. Although this is the recommended amount of fruit and veggies we should eat according to the USDA (United States Dietary Association), most of the American population doesn’t come close to meeting these guidelines.

Fortunately, though, another plant consumed for centuries due to its plethora of medicinal, therapeutic, and nutritional benefits is cannabis. Recently, numerous researchers and physicians have labeled cannabis a superfood, worthy of incorporation into your diet in some way or another. Here’s why.

Medicinal, therapeutic, and nutritional value 

Cannabis’s many medicinal and therapeutic benefits have been well established, but the nutritional benefits of cannabis are still gaining recognition and public coverage. According to the British Dietetic Association (BDA), superfoods are unprocessed foods rich in vitamins, minerals, and nutrients, which are often derived from fruits, vegetables, and other herbs. Under this definition, numerous doctors believe cannabis can be grouped into the ‘superfoods’ category.

Besides cannabis’s array of medicinal and therapeutic benefits, the plant is an excellent source of vitamins and nutrients. In general, there are various parts of cannabis that can be consumed such as its leaves, stems, and buds whether they’re heated up or not. To reap cannabis’s nutritional benefits though, consuming raw parts of the plant is the way to go.

Superfood properties

Cannabis sativa (hemp) seeds:

Did you know that we’re supposed to get 5 to 9 servings of fruit and vegetables every day? This equates to roughly two cups of fruit and 2.5 cups of vegetables. Although this is the recommended amount of fruit and veggies we should eat according to the USDA (United States Dietary Association), most of the American population doesn’t come close to meeting these guidelines.

Fortunately, though, another plant consumed for centuries due to its plethora of medicinal, therapeutic, and nutritional benefits is cannabis. Recently, numerous researchers and physicians have labeled cannabis a superfood, worthy of incorporation into your diet in some way or another. Here’s why.

Medicinal, therapeutic, and nutritional value 

Cannabis’s many medicinal and therapeutic benefits have been well established, but the nutritional benefits of cannabis are still gaining recognition and public coverage. According to the British Dietetic Association (BDA), superfoods are unprocessed foods rich in vitamins, minerals, and nutrients, which are often derived from fruits, vegetables, and other herbs. Under this definition, numerous doctors believe cannabis can be grouped into the ‘superfoods’ category.

Besides cannabis’s array of medicinal and therapeutic benefits, the plant is an excellent source of vitamins and nutrients. In general, there are various parts of cannabis that can be consumed such as its leaves, stems, and buds whether they’re heated up or not. To reap cannabis’s nutritional benefits though, consuming raw parts of the plant is the way to go.

Superfood properties

Cannabis sativa (hemp) seeds:

Various cultures and countries have used cannabis for medical purposes going back thousands of years.

The cannabis plant is capable of providing tremendous wellness benefits and has been found to be an effective form of treatment for a variety of conditions.

One area that the cannabis plant can provide significant benefit, but is often overlooked, is when it comes to treating addiction to harmful substances.

Historically, cannabis has been portrayed as a ‘gateway drug,’ however, it is now being more commonly referred to as an ‘exit drug’ because of how it can help folks curb consumption of much more harmful substances.

Cannabidiol and tobacco

The World Health Organization estimated that tobacco use contributes to over 8 million deaths annually. 

Marijuana reform at the U.S. federal level could soon be on the way, as it won't be long before Democrats are in control of the House, Senate, and White House. And that's giving the industry a lot of hope that legislation favorable to marijuana could pass, potentially making the already hot cannabis industry an even more appealing investment opportunity. It could even pave the way for companies in other industries to start jockeying for position, partnering up with cannabis producers before legalization -- which could still be years away.

Trulieve (OTC:TCNNF), Green Thumb Industries (OTC:GTBIF), and GrowGeneration (NASDAQ:GRWG) have at least tripled investors' money over the past year alone. Those are substantial returns considering that the industry benchmark, the Horizons Marijuana Life Sciences ETF, only returned 22% over the past 12 months. Just what could be behind such amazing outperformance?

Because of the recent health and wellness trend, cannabis is gaining popularity for being a gluten-free, no calorie substitute for alcoholic beverages.

One of the most common stereotypes to circulate around the cannabis scene over the past several decades is that people who use marijuana are lazy, unemployed wastes of space. But according to the latest data from market research company BDS Analytics, this is not the case with the majority. In fact, it is safe to say that the average cannabis consumer — at least with respect to the modern day user in the newly legal climate — is more active and productive than anyone else in the throes of the daily grind.

Researchers at BDS found that 43% of cannabis consumers are busy with outdoors activities several times a week. This is significantly higher that non-cannabis users, according to the data. Only 25% of this group admitted to getting off their back cracks long enough to engage in activities outside the house.

Another interesting tidbit from the study is that cannabis users are more concerned about their overall health and wellness. Researchers found that around 40% regularly attend a gym or fitness center, which was about 10 points higher than non-users. This should come as no surprise. It’s like legendary stoner icon Tommy Chong once said (we’re paraphrasing, of course), “You’ve got to be in shape to do drugs, man.”

This pursuit of health and wellness is now a major trend across the United States. A recent analysis from Rabobank found that, because of this, cannabis is gaining popularity for being a gluten-free, no calorie substitute for alcoholic beverages.

Cannabis stocks are off to a hot start to the year, but can that momentum be sustained?

Thanks in large part to optimism surrounding the Georgia Senate run-off election results that will give the Democratic Party control of Congress in addition to the White House, cannabis has been one of the biggest winners of the new year, with the valuations of most pot stocks trading around record highs.

Major U.S. cannabis operators Curaleaf Holdings Inc., Trulieve Cannabis Corp., and Cresco Labs Inc. have climbed 19 per cent, 31 per cent and 26 per cent, respectively, in that time. Meanwhile, smaller players have also posted similar gains.

The U.S. Department of Agriculture (USDA) today announced the final rule regulating the production of hemp in the United States. The final rule incorporates modifications to regulations established under the interim final rule (IFR) published in October 2019. The modifications are based on public comments following the publication of the IFR and lessons learned during the 2020 growing season. The final rule is available for viewing in the Federal Register and will be effective on March 22, 2021.

“With the publication of this final rule, USDA brings to a close a full and transparent rule-making process that started with a hemp listening session in March 2019,” said USDA Marketing and Regulatory Programs Under Secretary Greg Ibach. “USDA staff have taken the information you have provided through three comment periods and from your experiences over a growing season to develop regulations that meet Congressional intent while providing a fair, consistent, science-based process for states, tribes, and individual producers. USDA staff will continue to conduct education and outreach to help industry achieve compliance with the requirements.”

Shawn Hauser, partner and chair of the Hemp and Cannabinoids Department at Vicente Sederberg LLP said, “The transition from prohibition to a legal and regulated system takes time, and USDA’s final rule is a historic step forward for hemp in the U.S.  Many are justifiably disappointed by the DEA’s continued (and in some ways expanded) role in the agricultural hemp program, but there were also a number of positive improvements. The expanded harvest window, alternative disposal/remediation authorizations, and increase of the standard of negligence to 1% will be critical to building a successful hemp industry, and they indicate the USDA gave meaningful consideration to stakeholder’s comments. We are undoubtedly making progress, and we will continue to work with regulators and through Congress to perfect the regulatory structure for hemp.”

Key provisions of the final rule include licensing requirements; recordkeeping requirements for maintaining information about the land where hemp is produced; procedures for testing the THC concentration levels for hemp; procedures for disposing of non-compliant plants; compliance provisions; and procedures for handling violations.

Now is an excellent time to be in the infused products game. In the next four years, experts predict that legal retail sales of THC-infused products alone will surpass $21.5 billion. CBD is becoming more mainstream every day, and quality infused products are pulling in A-list investors. 

Still, creating a successful infused product is very much a science —it does not happen by accident. Diligence, forethought, and adaptivity are the names of the game for any entrepreneur hoping to share in the industry’s growth and success. Before you cash out your savings, make sure your business plan answers these three essential questions. 

The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned.

Big Gains For Cannabis Stocks

Blue Dream, Purple Haze, Girl Scout Cookies, Red Headed Stranger, Acapulco Gold, Fruity Pebbles or Pineapple Express… all classic strain names and all of them meaningless.

“Strain names are absolutely misleading with considerable variation in the same cannabinoid content among different specimens of the same strain. You can get the same color and the same smell, but actually levels of the THC and CBD and some of the other compounds could be quite different,” says Robin Marles, Ph.D., chair of the U.S. Pharmacopeia (USP) Botanical Dietary Supplements and Herbal Medicines Expert Committee.

USP has assembled an expert panel of clinicians, scientists and industry representatives from around the world to provide necessary information and guidance on critical quality attributes, including recommendations for naming , all laid out in an article in the Journal of Natural Products, Cannabis Inflorescence for Medical Purposes: USP Considerations for Quality Attributes.

“USP recommendations are entirely focused on the inflorescence of the cannabis plant, popularly known as the flower or ‘the bud.’ And as with any plant product, the first challenge was to determine how to classify the various varieties and subtypes that are currently in use.” said Ikhlas Khan, Ph.D., USP’s Cannabis Expert Panel chair.

USP has elected to recognize cannabis as a single plant species, Cannabis sativa L., with different varieties or subtypes that can then be classified based on their THC and CBD content. The expert panel provided guidance for organizing the plant material into three “chemotype” categories: THC-dominant, CBD-dominant, or intermediate varieties that contain physiologically meaningful levels of both – intending to give prescribers or consumers greater clarity about what substances they are using.

Maine is currently the only state in the country to kick off recreational marijuana sales during the pandemic.

According to the Maine Office of Marijuana Policy, even with nearly 45 active licenses given to growers, manufacturers, testing sites and retail stores across the state, the demand has been too high for the supply chain to keep up.

But officials expect that to change and they predict more sales in the future.

John Lorenz, the owner of Sweet Relief, agrees.

“There's Downeast travel again. If 3 million people head to Acadia again every year for lodging and restaurants and food, they will pass my location,” said Lorenz.

The year 2,020 has already ended and Costa Ricans continue to wait for strong answers, due to the pending approval of the bill to legalize the production of Cannabis and Hemp in the country.

These have been difficult days with the COVID-19 Pandemic around the world, where all sectors, mainly the agroproductive, have been affected. The adaptation process has been fundamental, in the case of Costa Rica, the institutions linked to this area have strengthened ties with strategic allies to prevent agricultural production from stopping.

Research has been carried out in favor of the innovation of cutting-edge technologies for agricultural production, this is where the Minister of Agriculture and Livestock (MAG), Renato Alvarado, emphasizes the valuations of different materials of industrial cannabis, with regards to the perspective for the legalization of the crop in the country.

Take into account that the Environment Commission of the Legislative Assembly of Costa Rica (CR), in the course of the year 2020, approved the substitute text of the legislative project “Law of Cannabis for medicinal and therapeutic use and of Hemp for food and industrial purposes”.

All the changes were oriented towards the simplification of procedures, the requirements, and formalities for home cultivation for some patients, the granting of incentives to the activity, the definition of requirements for obtaining licenses, as well as a special tax for said activity. Therefore, bill number 21,388 establishes that -the domestic cultivation of Cannabis plants- is regulated.

Marijuana sales in Colorado in November pushed the industry’s annual revenue over $2 billion for the first time since cannabis was legalized for recreational use by a 2012 ballot measure.

Recreational and medical sales for marijuana accounted for about $175 million of revenue in November, according to data released Tuesday by the state Department of Revenue.

While the month’s revenue was down about 12% compared to October, the numbers were sufficient to help the state surpass the $2 billion annual revenue threshold, The Denver Post reported.

The state collected about $32 million in taxes and fees from marijuana sales in November.

The 2020 uptick in marijuana revenue coincides with political momentum that saw voters in South Dakota, Mississippi, New Jersey, Arizona and Montana legalize some form of use in the November election.

Are Cannabis Stocks Good For Long-Term Investing?