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New York’s first legal dispensaries need your support

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3 months ago

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Here’s why Leafly is partnering with New York dispensaries to give you the best strains, brands, and events in 2024 and beyond.

In spite of strict regulations from the state, and endless competition from unlicensed stores, the members of New York’s Conditional Adult Use Recreational Dispensary (CAURD) program are going all-in. They were dealt delays, legal battles, and broken promises–so they formed the New York Cannabis Retail Association (NYCRA) to weather the storm together.

Meet the owners of New York’s first legal cannabis dispensaries

NYCRA is an organization that unites dispensary owners under the slogan ‘Collaboration Over Competition.” The association gives New York dispensary owners a private network to share resources and moral support through their odyssey to opening. The association is led by Jayson and Brittni Tantalo, owners of Flower City dispensary, as well as other CAURD license holders Coss Marte (ConBud dispensary) and Shanduke McPhatter, a nonprofit operator with his own license on the way.

New York is the first state to put citizens impacted by The War on Drugs first in line for dispensary licenses. By shopping with licensed brands and dispensaries in New York, you avoid untested products including mold and harmful toxins. You’re also supporting businesses that are majority owned by New Yorkers who were directly impacted by the War on Drugs.

New York’s favorite cannabis brands

New York’s history of criminalizing cannabis goes back to 1914, when the state first restricted everything except medical use. Then in 1927, possession and/or sales of cannabis were fully prohibited across the state. Federal prohibition followed in 1937.

Why is New York giving people with cannabis convictions the first dispensary licenses?

“Nowhere in this country was cannabis prohibition weaponized more methodically,” than in New York state, said former OCM chief equity officer Damian Fagon in 2022. According to the state, from 1980 and 2020, 1.2 million marijuana arrests occurred in New York, with almost 400,000 convictions.

In 2016, New York legalized medical cannabis. In 2021, former New York Gov. Cuomo signed the MRTA into law. The bill made cannabis legal across the state—promising no one would be arrested for the plant again—Not for selling it. Not for eating it. Not for smoking it on the street or inside their apartment building.

New York’s favorite cannabis strains

Where are you allowed to smoke cannabis in New York?

In New York State, smoking cannabis is now legal everywhere that smoking cigarettes is legal. Under the new cannabis laws, civil penalties (like fines) would be the maximum force the state could use to protect school zones, places of worship, and neighborhoods that voted against having dispensaries, farms, or smokers in their backyards or public parks and beaches.

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Since Housing Works debuted in December, 2022, 141 dispensaries have opened across New York. And dozens more are popping up every month–grinding to meet the massive demand for pre-rolls, edibles, and concentrates across the Empire State. From Wall Street to MSG to Washington Heights–New Yorkers can even roll up legally on the subway (although we don’t recommend it in most situations).

How does New York law protect cannabis users and employees?

Most employees in New York are protected from cannabis testing or discipline for using outside of work. New York budtenders are even unionized. And as of this summer, hobbyist and craft home growers can openly cultivate up to 6-12 plants per household.

New York’s favorite cannabis strains

Since March 2021, New Yorkers have been encouraged to celebrate legalization freely. NYC’s Mayor told New Yorkers to “Light up” in May of 2022. But New York’s 20 million residents and 290 million annual visitors weren’t given legal stores to shop in, or public lounges to kick back and consume in for over two years. And most zip codes still don’t have a legal shop within walking distance.

How did New York get overrun by fake dispensaries?

Thousands of unlicensed dispensaries opened from 2021 to 2023 to fill the void of legal stores. And public seshes and private membership clubs became the norm for connoisseurs and craft enthusiasts looking for higher grade products. But as more dispensaries open, nearby unlicensed shops and trucks are being raided and padlocked, as part of a joint effort between the city and state.

In December 2022, Mayor Eric Adams promised to shut down unlicensed dispensaries without criminalizing the offenders. So far, the raids, fines, and the threat of never becoming licensed to open a legal dispensary in New York are the only things discouraging unlicensed store owners.

It took a long time for licensed dispensaries to open after cannabis was legalized. Most states have a 1-2 year gap between cannabis laws being passed and actually taking effect (California took 26 months).

Housing Works grand opening was Day 1 of legal weed in NY

The state had to create the Office of Cannabis Management (OCM) to write and oversee regulations for the new market. Regulators had to review applications for licenses. So far, 141 of the 461 total licenses have been issued from the first round of CAURD applicants. Over 1,000 more licenses will be reviewed for existing medical dispensaries, large retailers from out of state, and common applicants who didn’t apply or qualify for the first round of licensing.

27-25 44th Dr, Long Island City, NY — recreational

Trends is New York’s 100th Legal Dispensary. They soft-opened in March, and are celebrating their grand opening with Leafly July 10, 2024 (RSVP here)

How many unlicensed New York dispensaries are there now?

New York State and City officials said there were roughly 2,800 unlicensed dispensaries in the state before the recent crackdown. Instead of waiting for the state to roll licenses out, some New Yorkers took the opportunity to jump into the booming grey market.

From small bodegas and delis serving pre-rolls and eighth bags, to large brick-and-mortar stores that resemble real dispensaries from other states, it’s hard to walk two blocks without seeing a cannabis store or delivery flier.

Studies show that some stores sell reject products from other states that include heavy pesticides, mold, and toxins like aluminum. A group of unlicensed store owners who disagree with the licensing process and crackdown are challenging the state in court.

The OCM told Leafly in 2022 that legacy operators who use old fashioned discretion should have no problem from enforcement. On the other hand, advertising cannabis in a store or posing as a legal dispensary has never been part of the legacy game and will not be a viable business option under the current laws and regulations.

Why doesn’t NY shut down fake dispensaries?

Since the law now forbids arresting anyone for cannabis, the stores that chose to start selling don’t have much reason to stop. Some are being raided and padlocked by state and city officials. But the state doesn’t have much leverage beyond confiscating products, padlocking stores, and fining landlords, according to current laws and regulations. In May, state officials said they shut down over 233 illegal smoke shops out of an estimated 2,800.

Who are the Legacy operators and pioneers in New York cannabis?

While state regulators have said they intend to shut down all unlicensed stores, New York’s cannabis key-holders support the legacy market. The New York cannabis community takes pride in honoring the activists and pioneers who made legalization possible. They give flowers at events, and through product drops that empower pioneers.

NYC Cannabis Cazar Dasheeda Dawson coined the term legacy for cannabis pioneers who made legalization possible. NYC’s first grand marshal of cannabis Shiest Bubz explained to Leafly why he’s taken ownership of the term with his Legacy Adventures NYC experiences, including a stoner summer camp at the THC Museum, and a private 420-your around the city’s cannabis landmarks.

Here are some of the key legacy-to-legal players to follow in New York cannabis:

  • Juice bar legend and future dispensary owner Branson
  • Legacy Adventures NYC founder Shiest Bubz (first grand marshal of NYC Cannabis)
  • Happy Munkey co-founders Vlad and Ramon
  • Smacked Village co-owners Roland Conner and Patricia Conner
  • Chef For Higher co-founder Hawaii Mike
  • ConBud owner Coss Marte
  • GUMBO co-founders Luka Brazi and Alexis Major
  • 5Boro Cannabis founder Timothy Auyeung
  • La Marina Boyz co-founders Kev, Ivan, Joe, and Sharkbite
  • Trends co-owner Rodney Carter

What’s a fake dispensary and why don’t I want to shop there?

Since New York’s MRTA swore no one would be arrested for cannabis again, thousands of stores and brands have popped up to fill New York’s huge demand for cannabis.

These are not to be confused with the infamous juice bars of 80s and 90s Harlem that helped pioneer the modern cannabis trade. Unlicensed stores are not run by people who savvy New Yorkers taking advantage of a gap in the market.

“You wouldn’t buy your groceries from there,” points out an anonymous legacy-to-legal operator who said they would never buy bud from a deli or unlicensed store that’s posing as a real dispensary. “Look at what they sell in there. You think they’re selling you good weed?”

For decades, weed lovers worldwide have trusted Shiest Bubz to lead them to New York’s best bud. As the city’s first Grand Marshal of cannabis, Bubz speaks for many legacy operators who lobbied, invested, and waited for the opportunity to go legal. They are now losing margins to people who never sold weed in their life.

In December 2022, Bubz addressed critics who asked why a dealer was dealing with the Mayor and state officials at a press conference.

“The legacy [community] that was present was there to voice our opinions on how to protect and assist Black and brown people [looking] to succeed in this cannabis industry,” Bubz posted to Instagram. “I represent the Black market, and the Legacy to Legal motto,” Bubz wrote, “I want my equity, as should you!”

When will New York’s unlicensed cannabis shops be shut down?

Recent raids of 535 unlicensed city shops ($17.5 million in illegal cannabis products seized and $43 million in fines for store owners) and 114 unlicensed stores upstate sent many New Yorkers scrambling for a new plug. Licensed stores are now facing shortages of flower as a flood of new customers are coming from shuttered shops. According to OCM official John Kagia in a 2023 Business of Cannabis panel with Leafly, it could take up to 10 years for the thousands of unlicensed stores to be closed and replaced with licensed operations.

The Trends twins, Brandon (left) and Rodney (right) Carter are the first legal dispensary in Long Island City. Trends specializes in wellness, art, and brand-focused events that raise awareness about their store. (Megan Schmidt / Leafly)
The Trends twins, Brandon (left) and Rodney (right) Carter are the first legal dispensary in Long Island City. Trends specializes in wellness, art, and community-focused events that raise awareness about their store. (Megan Schmidt / Leafly)

New York set out to be the first in the nation to give citizens most affected by the state’s harsh War on Drugs enforcement the first chance to profit from the new legal cannabis market. New York City arrested more people for cannabis than anywhere else in the world according to state data.

So a select group of about 500 ownership groups were granted the first dispensary licenses after meeting the state’s strict criteria. Many more licenses are currently in the pipeline. So far 141 stores have opened across the state.

How did New York dispensary owners qualify for licenses?

New York dispensary applicants had to meet a combination of these requirements:

  • Proof of non-violent cannabis arrest or charge for the individual or a family member
  • Residency in a NY zip code that was disproportionately impacted by state drug enforcement
  • Membership in protected minority groups including disabled veterans, women, Black, Asian, or LatinX
  • Applicant had to operate a legal business or non-profit that was in good standing with the state
  • Could not have more than 5-10% ownership in public or private cannabis business in another state that may create conflicts of interest

New York state wanted small business owners to have a leg up on large corporations from other states. The rules were made to prevent undue influence from impacting what brands a store owner chooses to stock and promote. That includes a strict separation between retail and supply licenses.

Regulators set New York’s dispensary guidelines after studying New York’s liquor store market, as well as the other states and countries that legalized first.

Since New York dispensaries are limited by zip code, having a license should be a solid path to generational wealth–as long as stores can stay open and curate the best products. Just like your local liquor store can’t be owned by a major distributor like Jack Daniels, regulators want a clear separation between retail store owners and the brands they choose to promote.

To avoid conflicts of interest, dispensary owners are not allowed to own significant equity of cultivation brands in New York, or other states. So a major California brand like Cookies must collaborate with local licensees to reach the New York market with their products. They can’t own a Cookies store, because regulators don’t want them to throw their weight around for shelf space or favorable deals from rival stores. That regulation led to a creative partnership called Culture House, which is currently open at Herald Square in the heart of Manhattan.

These regulations—though well-intentioned—have not all gone as planned. Lawsuits, restrictions on marketing, and inconsistent supply & demand have led to a beautiful mess for operators and consumers so far. But things are looking up as more stores open, and more brands hit the market.

When will New York’s adult-use dispensaries get indoor flower?

Trends dispensary in Long Island city (Megan Schmidt / Leafly)
Customers checkout during an event at Trends dispensary in Long Island City, Queens. (Megan Schmidt / Leafly)

Indoor is coming. Early regulations limited cultivators to outdoor and mixed-light setups. But brands like Dank by Definition, MFNY, and Lobo are rolling out fire flower that can now compete with the quality in other states. Heavy smokers were disappointed by the first wave of flower on legal shelves in 2023, but many old school, beginners, and moderate users appreciated the lower-THC options. By the end of 2024, more legal brands will be delivering dank on a regular basis.

Who are New York’s top homegrow and craft growers?

New York’s homegrow laws will soon allow hobbyists and craft growers to bring their underground brands to the legal market through grower showcases and licensing deals. Craft brands like Godmother’s Garden and Semper Frosty currently compete in local showcases like The New York Grower’s Cup. And at the PiffCon Haze convention last June, haze-enthusiasts gathered to celebrate one of New York’s most beloved strains.

Joe Lo Castro, aka Joe Grows, is a former lawyer who’s been growing since 2013. The Queens native applied for a micro license in the state’s second round of applications, but he’s not optimistic about his chances of getting selected among the thousands of applications.

“I’m an Italian guy from Queens, there’s no social equity box for that,”said Joe Grows. Instead of waiting around, Joe’s building a “how to grow for dummies” brand plus an affordable seed bank that will encourage more New Yorkers to take up the craft. “The name of my book is Grow Dumb: The Average Joe’s Guide to Growing Cannabis because I’ve never seen a simple, straight forward guide on how to grow indoors, in small spaces, at a low cost.” From there, Joe plans to release seeds and accessory kits for beginners and purists, while consulting cultivators who get licensed before he does.

What’s next for New York cannabis and how will it impact the national market?

Trends Dispensary budtenders shows off brands including Camino and Chef for Higher.
Trends Dispensary budtender shows off brands including Camino and Chef for Higher. (Megan Schmidt / Leafly)

Since federal law still schedules cannabis as a controlled substance, every state is free to govern the plant how local lawmakers see fit. The fractured national market has played out like a science experiment. Local politics and national limitations on banking, marketing, and supply chain are the defining factors of each market. And they’re limiting everyone’s growth. That’s why Leafly stands with New York’s legal dispensaries and legacy cannabis brands grinding to stay in business.

With New York consuming more cannabis than anywhere else in the world, it will soon be the premier proving ground for growers and grinders from around the world looking to leave a legacy in the legal market. If a brand can make it here, they can make it anywhere, right?

The first batch of local farms and stores are growing against heavy regulations. While out of state brands are itching to join the new world capital of weed when regulations permit later this year.

What is New York’s homegrow and craft cannabis scene like?

In New York, a rich craft cannabis market has emerged post-legalization. Local legends and upstarts are branding their bud as New York’s finest hoping for a shot at the legal market.

“My favorite craft cannabis growers in New York right now are The Mechanic, Smokey’s Bodega , Odee Trees, EPIPHANY, and Fu’s Flower right now, but there is a lot of underground talent in New York that’s about to come to light on the legal market soon.”

Robb Reefa, The Reefa Report

Craft batches of cannabis (between 50 to 100 pounds at a time) are seen as superior by aficionados like Robb Reefa, a budtender and cannabis reviewer who recommends cannabis grown by local experts who’ve mastered the climate and energy management needed to grow New York’s very best flower.

“Growing weed is a 120-day performance. Your soul has to be in it. Even if it’s just a hobby.”

Joe Grows, author of Grow Dumb: The Average Joe’s Guide to Growing Cannabis

Leafly helps NY cannabis shoppers find the strains and brands they love

Since 2010, Leafly has stood with legacy cannabis growers, providers, and consumers who want to learn more about their cannabis. Leafly is an online marketplace that connects licensed operators with customers who want to buy the best, most reliable products. Each year, 70 million people visit our strain database, brand profiles, and dispensary reviews so that they can know what they’re smoking, every time.

Subscribe to What are you smoking?: New York for more of the latest info on New York cannabis. Only on Leafly.





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Grand Openings: New weed shops of America for October 2024

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4 days ago

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October 2, 2024

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Good news, Leafly Nation. Every day brings us closer to more stores in more places serving more tasty dank buds and cool vapes than ever before. There’s so many popping up in legalization states young and old that we’re starting to list them in a “Grand Openings” post at the beginning of the month. Know of a grand opening? Email us at Leafly. Let’s dig in.

Arizona

Story Cannabis CEO Jason Vedadi (Courtesy Story Cannabis)

Story Cannabis Company—Bullhead City, AZ. Opened Aug. 1. Conveniently located off the 95 and Bullhead Pkwy. Staffed by ‘passionate cannabis experts.’ Daily deals on premium brands. 3550 North Ln. #110, Bullhead City, AZ 86422. [Shop on Leafly]

California

The Artist Tree—Hawthorne, CA. Opened Aug. 20. ‘Less than four miles from LAX.’ ‘Hawthorne’s only smoking lounge’ adorned with décor from local artists, including an original exterior mural. ‘Seamless open floor plan.’ 4756 W. Imperial Hwy, Hawthorne, CA 90304.

The Artist Tree in Hawthorne, CA's weed bar. (Courtesy The Artist Tree)
The Artist Tree in Hawthorne, CA’s weed bar. (Courtesy The Artist Tree)

Muha Meds—Los Angeles, CA. Opened July 6. ‘Immersive retail experience’ complete with ‘dynamic murals’ highlighting Los Angeles culture and ‘holographic features’ alongside ‘fun and innovative promotions, incentive programs and a menu of delights that continues to evolve.’ 2131 Westwood Blvd, Los Angeles, CA 90025.

(Courtesy Muha Meds)

Private Reserve—Hollywood, CA. Opened June 21. ‘West Hollywood’s newest and most intimate cannabis lounge.’ Offering an ‘unparalleled hospitality experience’ where guests can enjoy ‘individual servings of top tier strains usually only available for retail purchase at a high price point.’ Reservations required. 8448 Santa Monica Blvd, West Hollywood, CA 90069.

Related

5 takeaways from The Alchemist & Alien Labs’ ‘Ted Talk’ in LA

Solful—Healdsburg, CA. Opens Oct. 11. ‘The very first dispensary to open and operate in Healdsburg.’ ‘Iconic ‘flower wall,’ featuring 40 cannabis varieties from local farms. 465 Healdsburg Ave, Healdsburg, CA 95448

Solful owner Eli Melrod. (Courtesy Solful)

Stiiizy—Encinitas, CA. Opened Aug. 10. Marking Stiiizy’s 35th retail shop to open in California, the bestselling brand’s new flagship location in Encinitas is now open seven days a week and stocked with all the products and gear you’ve come to know and love. 1030 N Coast Hwy 10, Encinitas, CA 92024. [Shop on Leafly]

Massachusetts

City Farm by Silver Therapeutics—Roslindale, MA. Opened Sept. 6. ‘Beautiful facility’ with ‘top shelf products’ and ‘educated budtenders eager to serve with a smile.’ Conveniently located ‘just eight miles from the heart of Boston.’ 721 American Legion Hwy, Roslindale, MA 02131. [Shop on Leafly]

Mississippi

Southern Sky Wellness—Vicksburg, MS. Opened Sept. 2. ‘Modern, welcoming environment’ with educational menus and ‘state-of-the-art facilities’ featuring ‘an expanded selection of premium products.’ 2080 S. Frontage Rd, Suite 106, Vicksburg, MS 39180. [Shop on Leafly]

Southern Sky Wellness—Bay St. Louis, MS. Opened Sept. 6. ‘Modern, welcoming environment’ with educational menus and ‘state-of-the-art facilities’ featuring ‘an expanded selection of premium products.’ 10209 Highway 603, Bay St. Louis, MS 39520.

Missouri

Greenlight—Rock Port, MO. Opened July 23. ‘Strategically located thirty minutes from Nebraska City and one hour from Lincoln and Omaha.’ Features ‘over 300 branded cannabis products’ and a convenient drive-thru option. 105 Speedy’s Dr, Rock Port, MO 64482. [Shop on Leafly]

New York

Silver Therapeutics—Saratoga Springs, NY. Opened July 26. Partnership with woman-owned Spa City Cannabis, LLC and Saratoga Springs’ first cannabis dispensary. ‘Close to the highway with over 25 parking spots.’  75 Weibel Ave, Saratoga Springs, NY 12866. [Shop on Leafly]

Verona Collective at Verona Crossroads—Verona, NY. Opened Aug. 8. New flagship location for the Oneida Indian Nation’s seed-to-sale cannabis enterprise with ‘expansive inventory of more than 160 high-quality products across four brands.’ 5528 NY-31 Verona, NY 13478.

Ohio

On August 6, 2024, the state of Ohio officially went legal with adult-use sales. While there aren’t any grand openings to list, here is a list of the dispensaries that now offer recreational sales in Ohio.

Sunnyside Recreational & Medical—Cincinnati, OH. 5149 Kennedy Ave, Cincinnati, OH 45213. [Shop on Leafly]

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Sunnyside Recreational & Medical—Marion, OH. 326 James Way, Marion, OH 43302. [Shop on Leafly]

Sunnyside Recreational & Medical—Newark, OH. 1546 W Church St, Newark, OH 43055. [Shop on Leafly]

Sunnyside Recreational & Medical— Chillicothe, OH. 1641 N Bridge St, Chillicothe, OH 45601. [Shop on Leafly]

Sunnyside Recreational & Medical— Wintersville, OH. 180 Main St, Wintersville, OH 43952. [Shop on Leafly]

Verilife (Non-Medical)—Hillsboro, OH. 1088 N High St, Hillsboro, OH 45133. [Shop on Leafly]

Verilife (Non-Medical)—Wapakoneta, OH. 502 Dixie Hwy, Wapakoneta, OH 45895. [Shop on Leafly]

Related

Ohio legal cannabis buyer’s guide to 2024

Verilife (Non-Medical)—Cincinnati, OH. 5431 Ridge Ave, Cincinnati, OH 45213. [Shop on Leafly]

Nirvana (Med/Non-Med)—Elyria, OH. 914 Cleveland St, Elyria, OH 44035. [Shop on Leafly]

The Citizen By Klutch(Med/Non-Med)—Lorain, OH. 5152 Grove Ave, Lorain, OH 44055. [Shop on Leafly]

The Citizen By Klutch(Med/Non-Med)—Canton, OH. 401 Cherry Ave NE, Canton, OH 44702. [Shop on Leafly]

Washington, D.C.

Miel Wellness—Washington, D.C. Opened Sept. 14. ‘Curated selection, where convenience meets luxury.’ Staffed by a ‘passionate team dedicated to elevating your understanding of cannabis culture’ by being ‘at the forefront of the latest trends and insights.’ 727 8th St SE, Washington, DC 20003. [Shop on Leafly]

International

S.W.E.D.—Amsterdam, NL. Opened Aug. 1. Second ‘Smoke Weed Every Day’ location from rap superstar Snoop Dogg. Hybrid coffee shop and dispensary with a ‘unique blend of high-quality products, exclusive strains, artisanal edibles, and top-tier cannabis accessories, all handpicked by Snoop.’ Marnixstraat 333, 1016 TC Amsterdam.



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Global Cannabidiol Market (CBD) Poised for $23.4 Billion by 2031

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3 weeks ago

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September 17, 2024

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The global cannabidiol market (CBD) is set to undergo a dramatic expansion, with projections estimating the market value will grow from USD 8.12 billion in 2024 to USD 23.41 billion by 2031. This represents a compound annual growth rate (CAGR) of 16.3% over the forecast period. The rise in demand for CBD products, coupled with increasing legalization worldwide, and the growing acceptance of CBD in both the health and wellness sectors, are the primary drivers of this growth.

Why the Cannabidiol Market Will Surge 16.3% by 2031 – Market Drivers and Dynamics

The global Cannabidiol market is witnessing growth across multiple fronts, with several factors playing a crucial role:

Legalization and Regulatory Evolution

Legalization in North America, Europe, and parts of Asia-Pacific has provided the foundation for CBD’s widespread adoption. The 2018 U.S. Farm Bill, which legalized hemp-derived CBD with less than 0.3% THC, has accelerated market growth in North America, accounting for a 40.2% market share in 2024​. Europe is expected to follow suit as more countries, including Germany and the UK, adjust their regulations around medical CBD, contributing to rapid market expansion.

In Asia-Pacific, countries like China, Japan, and India are showing interest in hemp-derived CBD, contributing to the region’s position as the fastest-growing market. The increasing recognition of CBD’s health benefits has led to expanding domestic production and a regulatory shift toward greater acceptance​.

Increasing Demand for Natural Health and Wellness Products

The rising trend toward natural, plant-based health solutions is a major driver of CBD demand. Consumers are increasingly seeking alternatives to traditional pharmaceuticals for managing conditions like chronic pain, anxiety, and sleep disorders. CBD products are perceived as safer, non-addictive options compared to opioids and benzodiazepines, which has contributed to their growing popularity.

CBD is also being adopted in the sports and fitness sectors, with athletes and active individuals using it for its anti-inflammatory and pain-relieving properties. This crossover into wellness and fitness markets is expected to fuel continued growth, particularly for CBD oils, topicals, and edibles.

Medical and Therapeutic Applications

CBD’s use in medical treatments is a key segment driving growth. The pharmaceutical industry is increasingly incorporating CBD into medications, with FDA-approved products like Epidiolex used to treat epilepsy. CBD’s role in treating conditions like schizophrenia, multiple sclerosis, chronic pain, and even cancer symptoms has opened up significant opportunities for expansion in the medical cannabis market​.

Research continues to explore CBD’s potential in treating opioid addiction, neurological disorders, and mental health conditions, making the medical sector one of the most promising growth avenues​.

Market Segmentation: Product and Application Insights

The cannabidiol market is diverse, with products catering to a wide range of consumer needs. The market can be segmented by product type, application, and region:

By Product Type

  • CBD Oil: Accounting for the largest market share, CBD oil is favored for its bioavailability and versatility. It can be administered sublingually, added to food and drinks, or used topically.
  • Topicals: CBD topicals, such as creams and balms, are gaining popularity for their effectiveness in treating localized pain, skin conditions, and inflammation​.
  • Edibles and Beverages: The growing popularity of CBD-infused food and drinks is particularly strong in North America and Europe. This segment appeals to a broader consumer base looking for convenient and discreet consumption methods​.

By Application

  • Medical Use: Medical CBD applications, particularly in managing chronic pain, neurological disorders, and epilepsy, are a major growth driver. This segment is expected to continue expanding as research confirms more therapeutic benefits​.
  • Wellness and Personal Use: The wellness market has seen significant growth, with consumers using CBD for stress relief, sleep improvement, and general well-being. CBD-infused skincare and beauty products are also becoming increasingly popular.

Regional Insights: Market Growth Across Continents

North America

The North American market dominates the global CBD landscape, driven by favorable regulations and strong consumer demand. The U.S. remains the largest market, with major players like CV Sciences and Charlotte’s Web leading the industry. Canada has also seen significant growth due to nationwide legalization of cannabis.

2. Europe

Europe is projected to witness steady growth as countries such as Germany, the UK, and France develop more favorable regulatory frameworks. Increased demand for CBD in pharmaceuticals and wellness products will fuel market growth.

Asia-Pacific

The Asia-Pacific region is set to emerge as the fastest-growing market due to its vast population and increasing demand for hemp-derived CBD products. China and Japan, in particular, are investing in domestic hemp production, positioning themselves as key players in the CBD supply chain​.

Global Cannabidiol Market (CBD) Poised for $23.4 Billion by 2031
Global Cannabidiol Market (CBD) Poised for $23.4 Billion by 2031

Challenges and Opportunities in the Cannabidiol Market

Despite the promising growth trajectory, the cannabidiol market faces several challenges:

1. Regulatory Uncertainty

The lack of uniform global regulations creates barriers to entry for manufacturers and complicates international trade. In countries where cannabis remains illegal or heavily regulated, businesses face hurdles in scaling operations and distributing products across borders.

2. Quality and Safety Concerns

As demand for CBD products grows, ensuring product quality and safety becomes increasingly important. The rise of counterfeit and contaminated products in unregulated markets can undermine consumer trust, emphasizing the need for clear regulations and third-party testing.

3. Product Innovation and Differentiation

With intense competition in the market, companies are focusing on product innovation to stand out. Developing new forms of CBD delivery, such as CBD inhalers, transdermal patches, and suppositories, will create opportunities for differentiation and attract niche markets​.

Conclusion

The global CBD market is set for extraordinary growth through 2031, driven by expanding legalization, increasing consumer interest in natural health products, and advancements in medical applications. With a projected CAGR of 16.3%, the market presents significant opportunities for businesses and investors. However, companies must navigate regulatory complexities and ensure product quality to achieve long-term success.



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Terms and Conditions for Leafly Budtenders’ Choice 2024

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3 weeks ago

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September 16, 2024

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This is the terms and conditions page for Leafly Budtenders’ Choice 2024.

Looking for the survey to fill out and potentially win some gifts? Here’s the announcement, and here’s a direct link to the survey.

Leafly Budtenders’ Choice 2024-Terms and Conditions

Abbreviated Rules

NO PURCHASE NECESSARY. Open to US residents. Must be at least 21 to enter. Ends 12 a.m. PT on 10/15/2024. Three (3) prizes available to be won.  VOID WHERE PROHIBITED OR RESTRICTED BY LAW. See Official Rules at here.

OFFICIAL RULES

Leafly Strain of the Year Budtender’s Choice Giveaway

NO PURCHASE OF ANY KIND IS NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED.

Eligibility: Leafly Strain of the Year Budtender’s Choice Giveaway (the “Giveaway”) is open only to legal residents of the 50  United States and District of Columbia where the Giveaway is lawfully offered but excluding residents of Puerto Rico and all US territories and possessions. All entrants must be employed by a duly licensed cannabis dispensary or retailer at the time of entry, and must be at least 21 years at the time of entry. Employees, officers, and directors of Sponsor, and the immediate family members (including spouses, unmarried partners, parents, grandparents, siblings, children and grandchildren) of any such employee, officer or director, are not eligible to enter the Giveaway or win a prize. The Giveaway is subject to all applicable federal, state, and local laws and regulations and is void where prohibited by law. Sponsor reserves the right to verify eligibility at any time. VOID WHERE PROHIBITED OR RESTRICTED BY LAW.

2. Sponsor: Leafly, LLC, 255 S King St. Ste 9-116 Seattle, WA 98104. 

3. Agreement to Official Rules: The Giveaway will be governed by these Official Rules. By participating in the Giveaway, you agree to be fully and unconditionally bound to these Official Rules, and you represent and warrant that you meet the eligibility requirements set forth herein.

4. Giveaway Period: The Giveaway begins at 11:59 p.m. Pacific Time (“PT”), September 15, 2024 and ends at 12 a.m. PT, October 15, 2024 (the “Giveaway Period”). Entries received after the Giveaway Period shall be disqualified. Sponsor’s computer is the official time-keeping device for the Giveaway.

5. How to Enter:

a. Complete the following steps during the Giveaway Period to be entered into the Giveaway (each an “Entry” and collectively, the “Entries”). Each Entry must comply with the Submission Guidelines below.

i. During the Giveaway Period, go to the announcement post to complete the Leafly Strain of the Year Budtender’s Choice Survey (“Survey”). The Survey will ask you:

1. Questions about your favorite strain and products from 2024; 

2. Your name; 

3. Your state or province of residence; 

4. To state the cannabis dispensary or retailer you are currently employed at; 

5. Contact information to reach you and the cannabis dispensary or retailer you are employed at if you are selected as a winner. 

6. Social media handle information. [Optional—only required to increase winning chances.

ii. Additional Entries. After submitting an Entry, each entrant may receive 10 times as many entries to win by following the instructions below.

1) Create 1 video featuring entrant’s favorite strain and products from 2024;

2) Share the video on Instagram, TikTok, X, or LinkedIn (Only 1 share is necessary. Creating multiple videos or posts will not result in more entries);

3) Include the hashtag #LeaflyBudtendersChoice in the post; and

4) Tag Leafly’s account on the social media platform where the video is shared.

b. Sponsor reserves the right, in its sole discretion, to reject or disqualify any Entry that does not comply with the Submission Guidelines or is otherwise inappropriate, offensive, not keeping with Sponsor’s image or if it is determined that the entrant has not complied with these Official Rules.

c. Limit one (1) Initial Entry and up to ten (10) total Entries per person during the Giveaway Period. Any attempt to obtain more than the permissible number of Entries may void your Entries and/or disqualify you from the Giveaway as determined by Sponsor in its sole discretion. Any use of robotic, repetitive, automatic, programmed or similar entry methods or agents (including, but not limited to, Giveaway entry services) will void all Entries by that entrant.

d. If you choose to participate using your mobile device, message and data rates may apply. See your wireless provider for pricing plan and participation details.

e. BY SUBMITTING AN ENTRY, ENTRANT ACKNOWLEDGES THAT HIS/HER ENTRY MAY BE POSTED ACROSS ANY OR ALL OF SPONSOR’S DIGITAL AND SOCIAL ASSETS, AT SPONSOR’S DISCRETION. Submission of an Entry grants Sponsor and its respective agents the right to publish, use, adapt, edit, and/or publicly perform and/or modify such Entry in any way, in any and all media, including for use in advertising and marketing, without limitation and without consideration to entrant.

6. Submission Guidelines: To be eligible for a chance to win, an Entry must meet the following guidelines (the “Submission Guidelines”).  An Entry must not:

a. Violate any third-party right, including any copyright, trademark, patent, trade secret, moral right, privacy right, right of publicity, or any other property right;

b. Contain any viruses, worms, or other interfering computer programming.

7. Winner Selection/Odds. Three (3) potential winners will be selected at random on October 15, 2024 at 12:00 p.m. PT. Winners will be selected from the total combined eligible Entries received by Sponsor. Odds of winning depends on number of total eligible Entries received. 

8. Winner Notification and Prize Acceptance: The potential winner(s) will be notified via email and phone by Sponsor by 5:00 p.m. PT on October 15, 2024. Each potential winner must respond to the notification via email within 48 hours or they may, at the Sponsor’s sole discretion, be disqualified.  The winner will be required to execute an Affidavit of Eligibility, a Liability Release, a Publicity Release (where imposing such condition is legal), and a W-9 form (for US residents) (collectively, “Prize Claim Documents”) within five (5) business days from the date that the e-mail containing the documents is sent to the potential winner. If the potential winner fails or refuses to sign and return all Prize Claim Documents within the five (5) business day/time period, the potential winner may be disqualified, at the Sponsor’s sole discretion. Failure to provide all required information and a signature on the documents within the stated time period may result in forfeiture of potential winner’s right to claim the prize and may result in the prize being awarded to an alternate winner.

The Sponsor shall not be held responsible for any delays in awarding a prize for any reason. If a potential winner is disqualified, found to be ineligible or not in compliance with these Official Rules, declines to accept a prize or, if Sponsor or its authorized designee is unable to contact the potential winner, or a prize is returned undeliverable, the prize may be forfeited, and in the Sponsor’s sole discretion, the forfeited prize may be awarded to an alternative entrant. If, after a good-faith attempt, Sponsor is unable to award or deliver a prize, the prize may not be re-awarded at the sole discretion of Sponsor.  Prizes are not transferable and include only the items specifically listed as part of a prize. No substitutions allowed, except at the sole discretion of the Sponsor. The winner shall be solely responsible for payment of any and all applicable federal, state, and local taxes for the prize won. Sponsor will issue an IRS Form 1099 to each prize winner. All other costs and expenses not expressly set forth herein shall be solely the winner’s responsibility. Any portion of a prize not accepted by winner will be forfeited. If a prize, or any portion thereof, cannot be awarded for any reason, Sponsor reserves the right to substitute the prize with another prize of equal or greater value or deem the prize forfeited. Each potential winner may be required to furnish proof of identification. Sponsor is not responsible for any winner’s privacy or spam filter settings which may divert any Giveaway message or e-mail, including any notification, to a spam or junk folder. The prize will only be awarded to a verified winner. Winner acknowledges that Sponsor has not made nor is in any manner responsible or liable for any warranty, representation, or guarantee, express or implied, in fact or in law, relative to any prize, including but not limited to its quality, mechanical condition or fitness for a particular purpose. Any and all warranties and/or guarantees on a prize (if any) are subject to the respective manufacturers’ terms therefore, and winners agree to look solely to such manufacturers for any such warranty and/or guarantee. 

9. Prizes: A total of three (3) winners will each receive cash prize of $1,000 (USD) in the form of a check. Prizes are non-transferable. Any federal, provincial and local taxes and any other costs and expenses associated with the acceptance and/or use of any prize are solely the winner’s responsibility. Winner is solely responsible for reporting and paying all applicable taxes. 

10. Publicity Release: Acceptance of any prize constitutes permission for Sponsor and its designees to use winner’s name, name of employer, and/or likeness for advertising and marketing purposes, without additional compensation, in any media, worldwide, unless otherwise prohibited by law.

11. Releases, Waivers and Limitation of Liability:

By participating in this Giveaway, entrants agree that the Giveaway Entities and their respective affiliates, subsidiaries, representatives, consultants, contractors, legal counsel, advertising, public relations, promotional, fulfillment and marketing agencies, website providers, Web masters and their respective officers, directors, employees, representatives, designees and agents (“Released Parties”) are not responsible for lost, late, incomplete, stolen, misdirected, postage due, or undeliverable email notifications or postal mail; or for any computer, telephone, satellite, cable, network, electronic or Internet hardware or software malfunctions, failures, connections or availability; or garbled, corrupt or jumbled transmissions, service provider/Internet/website/use net accessibility, availability or traffic congestion; or any technical, mechanical, printing, or typographical or other error; or unauthorized human intervention; or the incorrect or inaccurate capture of registration information; or the failure to capture, or loss of, any such information. The Released Parties are not responsible for any incorrect or inaccurate information, whether caused by any website’s users, tampering, hacking or by any of the equipment or programming associated with or utilized in the Giveaway. The Released Parties are not responsible for any injury or damage, whether personal or property, to participants or to any person’s computer related to or resulting from participating in the Giveaway and/or accepting a prize. The Released Parties shall not be responsible or liable for Entries that are entered by any automated computer, program, mechanism or device, for any Entries in excess of the stated limit or for Entries that are late, forged, lost, misplaced, misdirected, tampered with, incomplete, deleted, damaged, garbled or otherwise not in compliance with the Official Rules, and all such Entries may, in Sponsor’s sole discretion, be disqualified.

If, for any reason, an Entry is confirmed to have been erroneously deleted, lost or otherwise destroyed, corrupted or for any other reason not accepted as an Entry in the Giveaway, the entrant’s sole remedy is to enter the Giveaway again to receive another Entry. If, for any reason, the Giveaway is not capable of running as planned, Sponsor reserves the right, at its sole discretion, to cancel, terminate, modify or suspend the Giveaway and/or proceed with the Giveaway, including the selection of winner in a manner it deems fair and reasonable including the selection of the winner from among eligible Entries received prior to such cancellation, termination, modification or suspension. Notice of such cancelation, termination, or modification of the Giveaway shall be posted at www.leafly.com.

By entering the Giveaway, each entrant agrees: (i) to be bound by these Official Rules and by all applicable laws and by the decisions of Sponsor and Administrator, which shall be binding and final; (ii) to waive any rights to claim ambiguity with respect to these Official Rules; (iii) to waive all of entrant’s rights to bring any claim, action or proceeding against any of the Released Parties in connection with the Giveaway; and (iv) to forever and irrevocably agree to release and hold harmless each of the Released Parties from any and all claims, lawsuits, judgments, causes of action, proceedings, demands, fines, penalties, liability, costs and expenses (including, without limitation, reasonable outside attorneys’ fees) that may arise in connection with: (a) the Giveaway, including but not limited to any Giveaway-related activity or element thereof, and the entrant’s Entries, participation or inability to participate in the Giveaway, (b) the violation of any third-party privacy, personal, publicity or proprietary rights, (c) typographical or printing errors in these Official Rules or any Giveaway materials, (d) acceptance, attendance at, receipt, travel related to, participation in, delivery of, possession, defects in, use, non-use, misuse, inability to use, loss, damage, destruction, negligence or willful misconduct in connection with the use of a prize, (e) any change in a prize due to unavailability or due to reasons beyond Sponsor’s control, including but not limited to by reason of any acts of God, any action(s), regulation(s), order(s) or request(s) by any governmental or quasi-governmental entity (whether or not such action(s), regulation(s), order(s) or request(s) prove(s) to be invalid), equipment failure, threatened or actual terrorist acts, earthquake, war, fire, flood, explosion, unusually severe weather, hurricane, embargo, labor dispute or strike (whether legal or illegal), labor or material shortage, transportation interruption of any kind, work slow-down, civil disturbance, insurrection, riot or any other cause beyond any of the Released Parties’ control, or as otherwise permitted in these Official Rules, (f) any interruptions in or postponement, cancellation or modification of the Giveaway, (g) human error, (h) incorrect or inaccurate transcription, receipt or transmission of any part of any Entry (including, without limitation, the registration information or any parts thereof), (i) any technical malfunctions or unavailability of any website or any telephone network, computer system, computer online system, mobile device, computer timing and/or dating mechanism, computer equipment, software, or Internet service provider, or mail service utilized by any of the Released Parties or by an entrant, (j) interruption or inability to access the Giveaway, any other Giveaway-related websites or any online service via the Internet due to hardware or software compatibility problems, (k) any damage to entrant’s (or any third person’s) equipment used to access the Giveaway and/or its contents related to or resulting from any part of the Giveaway, (l) any lost/delayed data transmissions, omissions, interruptions, defects, and/or any other errors or malfunctions, (m) any late, lost, stolen, mutilated, misdirected, delayed, garbled, corrupted, destroyed, incomplete, undeliverable or damaged Entries, (n) any wrongful, negligent, or unauthorized act or omission on the part of any of the Released Parties, (o) lost, late, stolen, misdirected, damaged or destroyed prizing (or any element thereof), or (p) the negligence or willful misconduct by entrant.       

WITHOUT LIMITING THE FOREGOING, EVERYTHING REGARDING THIS GIVEAWAY, INCLUDING THE PRIZE, ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.  ANY ATTEMPT BY AN ENTRANT TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THIS GIVEAWAY MAY BE A VIOLATION OF CRIMINAL AND/OR CIVIL LAWS, AND SHOULD SUCH AN ATTEMPT BE MADE, CENTER RESERVES THE RIGHT TO SEEK REMEDIES AND DAMAGES (INCLUDING WITHOUT LIMITATION ATTORNEYS’ FEES) FROM ANY SUCH ENTRANT TO THE FULLEST EXTENT OF THE LAW, INCLUDING CRIMINAL PROSECUTION.

12. Arbitration. By participating in the Giveaway, you and Sponsor agree that any controversy or claim arising out of or relating to this Giveaway shall be settled by binding arbitration in a location determined by the arbitrator as set forth herein (provided that such location is reasonably convenient for claimant), or at such other location as may be mutually agreed upon by you and Sponsor, in accordance with the procedural rules for commercial disputes set forth in the Comprehensive Arbitration Rules and Procedures of JAMS (“JAMS Rules and Procedures”) then prevailing, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. The JAMS Rules and Procedures are available at www.jamsadr.com or by calling (800) 352-5267. The arbitrator shall be selected pursuant to the JAMS Rules and Procedures. In the event that the claimant is able to demonstrate that the costs of arbitration will be prohibitive as compared to the costs of litigation, Sponsor will pay as much of the claimant’s filing and hearing fees in connection with the arbitration as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive. If any part of this arbitration provision is deemed to be invalid, unenforceable or illegal (other than that claims will not be arbitrated on a class or representative basis), or otherwise conflicts with the rules and procedures established by JAMS, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. If, however, the portion that is deemed invalid, unenforceable or illegal is that claims will not be arbitrated on a class or representative basis, then the entirety of this arbitration provision shall be null and void, and neither claimant nor Sponsor shall be entitled to arbitrate their dispute. Upon filing a demand for arbitration, all parties to such arbitration shall have the right of discovery, which discovery shall be completed within sixty days after the demand for arbitration is made, unless further extended by mutual agreement of the parties. THE ARBITRATION OF DISPUTES PURSUANT TO THIS PARAGRAPH SHALL BE IN THE ENTRANT’S INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN THE CLAIMS OF OTHER PERSONS OR PARTIES WHO MAY BE SIMILARLY SITUATED. DO NOT ENTER THIS GIVEAWAY IF YOU DO NOT AGREE TO HAVE ANY CLAIM OR CONTROVERSY ARBITRATED IN ACCORDANCE WITH THESE OFFICIAL RULES. BY PARTICIPATING IN THE GIVEAWAY, EACH ENTRANT AGREES THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (1) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR CONNECTED WITH THE GIVEAWAY, OR ANY PRIZE AWARDED, WILL BE RESOLVED INDIVIDUALLY THROUGH BINDING ARBITRATION AS SET FORTH ABOVE, WITHOUT RESORT TO ANY FORM OF CLASS ACTION AND (2) ENTRANT’S REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND ENTRANT IRREVOCABLY WAIVES ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY SET FORTH ABOVE AND IN SECTION 11, SO SUCH LANGUAGE MAY NOT APPLY TO EVERY ENTRANT.

13. Governing Law; Disputes: THIS GIVEAWAY IS GOVERNED BY, AND WILL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

This Giveaway and its Official Rules, excluding any and all disputes, are subject to all applicable US Federal, state, and local laws and regulations. All issues and questions concerning the construction, validity, interpretation and enforceability of the Giveaway Official Rules, or the rights and obligations of entrants and Sponsor in connection with the Giveaway, shall be governed by, and construed in accordance with, the laws of the state of New York, without giving effect to the conflict of laws rules thereof, and any matters or proceedings which are not subject to arbitration as set forth in Section 12 of these Official Rules and/or for entering any judgment on an arbitration award, shall take place in the state of New York and hereby waive any objection to such jurisdiction and venue. Any claim or cause of action arising out of or related to this Giveaway or these Official Rules must be filed within one (1) year after such claim or cause of action arose regardless of any law to the contrary. In the event any such claim or cause of action is not filed within such one (1) year period, such claim or cause of action shall be forever barred.

14. Severability. If any provision of these Official Rules shall be held invalid, illegal or unenforceable, such provision shall be enforced to the maximum extent permitted by law and the Sponsor’s fundamental intentions hereunder, and the remaining provisions shall not be affected or impaired, provided, however, that in such cases the parties oblige themselves to use their best efforts to achieve the purpose of the invalid provision by a new legally valid stipulation.

15. Winner List. To obtain a list of the winners, mail a self-addressed, stamped business-sized envelope to Leafly Marketing Department, at 113 Cherry St. PMB 88154 Seattle, WA 98104, USA. Winner List requests must be received by October 24, 2024.

© 2024 Leafly. All Rights Reserved. 



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