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This State Could Start Adult-Use Cannabis Sales By July Under New Bill

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By John Schroyer

The start date for Maryland’s upcoming adult-use cannabis market could be as soon as July 1, under the terms of a new legislative bill introduced by state lawmakers.

Though some industry observers had expected the market launch to take several years following the ballot measure victory in November, lawmakers said they’re feeling pressure to get the recreational market stood up as soon as possession becomes legal in July in order to avoid a massive gray market, WYPR News reported.

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“We’ve seen what’s happened in places like New York where there are over 1,400 unlicensed dispensaries,” State Sen. President Bill Ferguson told WYPR News. “The idea of having a thoughtful marketplace has really evaporated in New York because there’s been such a delay in doing the legal licensing.”

Ferguson, one of the backers of the new Maryland bill, said he hopes it will turn into a “national model.”

RELATED: Report: Marylanders Will Consume A Lot Of Weed

Senate Bill 516 was introduced by Democratic Sens. Brian Feldman and Antonio Hayes, and Democrats control both chambers of the legislature and the governor’s mansion, which means that if the party can come to an agreement on how the industry should be structured, there’s no reason a bill to implement recreational sales couldn’t get passed quickly this year.

SB 516 allows for 300 retailers, 100 processors, 75 growers, an undetermined number of “micro-licenses,” and 15 permits for consumption lounges, WYPR News reported. The bill would tax recreational cannabis at 6%.

RELATED: This Governor Wants A Cannabis Crackdown

The bill also creates a new Office of Social Equity to help ensure that entrepreneurs of color get a solid stake in the new industry.

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Existing medical marijuana companies would be allowed to transition directly into recreational sales as long as they pay a fee of between $100,000 and $2.5 million, depending on revenue levels, WYPR reported.

One market estimate shared with lawmakers is that Maryland recreational sales could hit $240 million a month “pretty rapidly” after launching, said Michael Sofis, director of research at Cannabis Public Policy Consulting.

This article originally appeared on Green Market Report and has been reposted with permission.



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Can CBD Oils Help With Anxiety & Depression

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War, relationships, political news, work at home or office, all adding to the stress of life.  For some, they can manage it and move forward, for others, it can be a pit of sadness…but most it seems experience anxiety and depression at some point. In a surprise, the Census Bureau’s Household Pulse Survey finds  half (50%) of adults ages 18-24 reported anxiety and depression symptoms. It can causes sleep deprivation, loss of energy, and high blood pressure and general uneasiness.

It is tough to deal with it while maintain your life. It is always good to talk to a trained medical professional and there are prescriptions, but can CBD oils help with anxiety & depression?

california's absurd stance on CBD cosmetics
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What Is CBD?

Cannabidiol(CBD) can be extracted from cannabis plants, marijuana leaves, and hemp flowers. CBD products act as a natural remedy.  By consuming or using this product you will not get high or have any psychotic reaction. Numerous studies have been carried out on different products of CBD and a quality check has also been approved by the FDA.

Reports say that CBD has less than 0.3 % THC, which is very safe than a lot of other drugs and pills that are taken for mental health.

RELATED: How To Find High-Quality CBD Oil

CBD products are now legally consumed and distributed in many states and countries. The list includes countries like German, Canada, Denmark, Sweden, The USA & The UK.

Just like different brands of marijuana, there are also various brands of CBD oils available.

In the USA you can only use CBD products for medical purposes. It has to be prescribed by a licensed doctor for you to buy and consume it.

If your state has legalized the sale and consumption of cannabis products then it will be easier to find CBD oils in some particular cannabis clinics, shops, and online stores like CBD Oil Uk.

The Difference Between Stress And Anxiety

Stress is a short-term ailment that can happen regularly or once in a while and does not cause any serious damages. Besides, it can be managed easily.

If you face problems like frustration, exhaustion, muscle pain, digestive issues, and difficulty sleeping frequently then it is likely you are dealing with stress.

Anxiety is more severe than stress. It can not be alleviated easily. Instead, it is considered as non-stop excessive worry and fear even when everything is perfectly fine in your life.

Anxiety leads to a set of symptoms that are almost identical to stress but very serious. These include insomnia, difficulty in concentration, fatigue, and muscle tension.

It is important to differentiate the signs of stress and anxiety. Stress is a common cause of anxiety and to avoid anxiety symptoms, it is important to catch them early.

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How CBD Products Can Help

Here are 4 ways CBD products can help reduce anxiety and depression-

1.CBD Improves Your Sleep Cycle

People suffering from anxiety often complain about the lack of sleep.

Excessive anxiety often interrupts your sleep cycle and lack of sleep can, in turn, result in more anxiety.

CBD has claimed to reduce anxiety levels. It has even shown positive results in clinical trials that is why the FDA has approved CBD in the first place.

RELATED: 5 Ways To Incorporate Effective CBD Products Into Your Everyday Life

CBD helps calm our minds and increases the chances of falling asleep naturally and without any disruption.

Also, studies have proven that little extra dosage of CBD creates a sedative effect on your body and helps to sleep and lets your brain rest. CBD products are now used to treat people with insomnia as well.

2.CBD Reduces Pain & Inflammation

Earlier we have discussed that stress and anxiety can cause muscle pain, headaches, and chronic inflammation.

CBD products are completely natural. The products have been proven to be a muscle relaxant and work better than any standard painkillers since it has no side effects.

CBD also works as anti-inflammatory drugs. It controls cytokine production which is generally responsible for various inflammatory diseases in our body.

This increased inflammation is also connected to higher levels of anxiety. Just like sleep and anxiety, this one is also a chain reaction.

Inflammatory diseases like psoriasis and arthritis can cause depression and anxiety in the long run. CBD oil helps to reduce inflammation and pain by reducing cytokine and affecting CB-2 receptors. This reduces pain and decreases the chance of getting an anxiety attack.

3. CBD improves mood

CBD is considered as a “Neuroprotective” material. “Neuroprotective” actually means it will protect nerve cells by keeping a safe functioning state of the nervous system.

Moreover, it decreases the oxidative stress of your brain.

By keeping your negative emotions in check, CBD helps you to improve your mood and keeps your brain calm and relaxed. It reduces unnecessary stress and anxiety.

4. CBD Helps Enhance Metabolism

If you have a poor digestive and metabolism system, it will affect your quality of life.

It will make you feel bloated and lethargic. Illness disrupts the natural functioning of your body and if it becomes more serious it causes stress and ultimately, leads to anxiety.

If you start consuming CBD regularly, it will improve your metabolism, burn unnecessary fat, and make you feel better.

Here Are The Most Popular Conditions CBD Can Treat
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How To Choose CBD Products

CBD has various types of products in the market including oil, tablets, edibles, beverages, creams, and vape. Although the overall vape sales slowed down during this year. Things are starting to look better.

But still, the CBD oils are the most popular ones by a large margin. Each of the types provides almost the same benefits with some unique advantages of their own.  CBD oils have to be consumed daily and provide the most health benefits. They are also the most concentrated ones.  CBD gummies are sweet and take a long time to take effect. CBD lotions are best for exterior physical discomfort.

Depending on your medical condition, you should consult with a healthcare professional who has experience with CBD to choose the right product.

 



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These 5 Woman Are Changing 4/20

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The marijuana industry is still driven by men – but these 5 woman are changing 4/20 and upending the industry by focusing on the future.

Since it started becoming legal, the marijuana industry has been filled with bros trying to run everything.  Some smart, some shysters – they have had an oversized say in the direction of where legal marijuana is going.  But woman are having a moment, and a huge impact in the millions of newly legal consumers.  Be it in imagine, politics, or products, woman are making game changing changes on how cannabis is mainstreaming.  When 4/20 started in, the landscape was way different, the 5 woman are changing 4/20 today to a bigger, more mainstream celebration.

RELATED: Can Marijuana Consumers Donate Blood

Nancy Whitman

Nancy Whitman

Nancy co-founded Wana Brands in 2010, elevating it from her kitchen to an international cannabis edible powerhouse. With North America’s largest distribution footprint, it is a top international brand available in 17 U.S. states, the U.S. territory of Puerto Rico and nine Canadian provinces and territories, generating close to $300 million in retail sales annually across more than 3,000 dispensaries.

As a pioneer in the legal cannabis market, she has shown again and again commitment to research and crafting safe, innovative products. She understands the millions of canna-newbies who is looking for something to pair perfectly with the their non-stoner lifestyle.  Under her leadership, Wana was acquired by Canopy Grow, which is owned in part by alcohol behemoth Constellation.

Nancy’s inclusive vision led to an executive team that is 70% female, a rarity in the industry and reflective of her dedication to diversity. Her unique insights have given Wana an advantage as she understand the average consumer, which makes up the bulk of the market.

Senator Patty Murray

Sen. Patty Murray
Photo by Anna Moneymaker/Getty Images

In the old boys club of Congress, Senator Patty Murray (D-WA) has risen in the ranks thanks to a willingness to focus on a solving problems, thinking of the average citizen and wielding her knowledge and strength.  As the third most powerful person in the Senate, she is working with Senate Leader Schumer (D-NY) and a bipartisian group to make significant inroads into federal marijuana policy. Long a champion of veterans, this will benefits those who have served who suffer from PSTD.

Shawna Seldon McGregor

Shawna

In a sometimes rough and tumble industry with some wacky players, it is good to have a public relations firm you can trust. Mirroring the mainstream industry, Maverick PR, has helped the industry move past the old stoner, bro imagine and move into today. Founded by Shawna Weldon McGregor, she has become the consul to industry executives and a media whisper to keep the good players growing. Shawna’s ability to make marijuana messaging mainstream has been a hallmark of her career. Since the inception of adult use in Colorado, she has led effective publicity campaigns for top brands including Wana, Native Roots, Deep Roots Harvest and Botani.  Trusted by leaders, she has been able to understand and guide companies into changes like California sober.  Her understand of consumers and media has been invaluable to leaders.

Debra Borchardt

Debra Borchardt

Debra Brochardt was a respected media voice on Wall Street when she jumped in the marijuana world founding Green Market Report. Premiering at time when the industry was still shady and, as one executive said, people would come to meetings and put a gun down, she brought reason and truth to the table. Known for her straight reporting, she has taken on corruption, crazy leaders, and complicated financial deals. Venerable media company, Crains, recognizing the growth of market, acquired the asset and has only helped Brochardt reach her vision. Highlighting legit good companies, Green Market Report has become a must read for investors, politicians, and executives.

RELATED: California or New York, Which Has The Biggest Marijuana Mess

Pamela Hart

Pamela Hart

With a talent for organization and building infrastructures, Hart jumped into the industry in 2015. Seeing an opportunity to be build infrastructures and platforms she brought her management skills to a variety of companies. As COO of Keneh Ventures She has helped review, fund and partial advisement for some of the investments including GoFire and AI startup WeDream World. Understanding the mainstream appeal, she has been a champion of Cannabition, a state of the art cannabis immersive experience opening next to Planet 13 in Las Vegas. She now has added Managing partner and operations manager of the exhibition alongside her other duties. She shared over the last 8 years the priorities of entrepreneurs and investors have matured as the market for cannabis has grown and become accepted by the general population. 



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Cannabis Is Still A Bro’s World

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Despite the talk of equity – cannabis remains a bro world.

Barbie was a huge success raking in over $1.4+ billion worldwide and one of the biggest movies last year.  It was a tale of women understanding and leading.  But, it seems it wasn’t as big of hit in the cannabis or alcohol industries.  Like alcohol, the marijuana industry is male dominated and has a bit of insider feel to it.

RELATED: Science Says Medical Marijuana Improves Quality Of Life

In 2020, it started becoming a regular business practice to diversify management, leadership and customer base, but the change has come slowly to marijuana. Why you have some stellar female leaders like Nancy Whiteman, the CEO of edibles giant Wana Brands and the top business publisher Debra Borchardt from Green Market Report, there aren’t not many others.

The world of alcohol is a  boys’ club with only 24 percent of women and 4 percent of women of color held C-suite positions in the North American wine, beer and spirits industry.  This is an industry which has boomed and been wicked profitable since the repeal of prohibition.

Marijuana is doing better than the alcohol industry, 2023 research from Headset market reports found women make up 33.8% of the U.S. market for cannabis. By design or default, the industry isn’t for women in the minds of the men who run which is an enormous miss of market potential.

The minority and LGBTQS+ community are represented even less. Part of the problem was a rush to immediately fix a problem. New York upended their recreational rollout and not only did it disenfranchise potential minority business owners, it fed a huge unlicensed market with over 1,500 dispensaries in New York City alone.

Money is part of the issue, and not just the money to be made. You have to have money, time and patience to be in the cannabis industry. With limited banking options, investors are key and, traditionally, woman and minorities don’t have the reach as men do in the “boys club”.  Again New York is trying to quickly solve the problem, the 10-year loans it offers to dispensary owners are highly restrictive and potentially burdensome, giving licensees little control over building out their own locations, instead requiring them to foot a bill handed to them by the state.  This could be a set up for failure.

RELATED: 5 Morning Activities To Help You Feel Happier

It is also humorous to note some of the biggest scandals in the industry have been lead by male CEOs/Founders including Medmen, High Times, Skymint, and Green Growth Brands.

While there continues to be gains, it will be interesting how the industry involves after rescheduling and larger players in alcohol, tobacco, healthcare and retail entire the space.



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