Cannabis News
Trying to Hold On Until Schedule 3?
Published
8 months agoon
By
admin
The closure of licensed cannabis retailers and the shrinking regulated market, with consumers reverting to the illicit market, is distressing. There’s hope that reclassifying cannabis to Schedule III will bring tax equity, bolstering the sustainability of these businesses. However, delays in tax relief could push the regulated market past a critical threshold. This transition to Schedule III is crucial to prevent irreversible damage to the regulated market.
California Shops; A Prime Example
According to recently released annual tax data, California’s legal cannabis market is in a state of financial instability. The market size is contracting, as indicated by state data, with additional tax insights from SFGATE revealing that numerous cannabis retailers are facing the threat of closure.
In 2023, California’s cannabis dispensaries collectively generated $5.1 billion in sales, marking a consecutive annual decline and representing an almost 11% decrease from 2021 figures, as reported by the California Department of Tax and Fee Administration.
Contrary to pre-legalization projections, California’s legal cannabis market is notably smaller. The economic challenges within the industry stem not from a lack of consumer demand, but rather from the thriving illicit market. Illicit dispensaries persist throughout the state, luring customers with untaxed, more affordable cannabis products and posing a significant competitive threat to legal establishments.
California’s legal cannabis industry exhibits surprisingly low market participation, as highlighted by one notable metric. According to Hirsh Jain, a cannabis consultant in Los Angeles, California boasts the lowest per capita sales compared to any cannabis market with a minimum of three years of operation.
Jain emphasized in a recent Marijuana Moment editorial that if California’s legal market matched the performance of states like Michigan or Montana, annual sales would soar to a staggering $13 billion. This stark contrast underscores an estimated $8 billion in unrealized state revenue, attributable to the challenge of channeling all of California’s cannabis consumers into legal avenues.
As legal cannabis sales decline, dispensaries face heightened financial strain. Already, numerous pot shops in the Bay Area have closed, with hundreds statewide facing similar risks. The California Department of Tax and Fee Administration (CDTFA) reports a rise in tax liabilities owed by pot retailers, climbing from 265 last May to 386 by February 6th. These businesses now confront a 50% penalty on outstanding taxes, potentially dealing a fatal blow to many.
Innovations and Adaptations in Retail Strategies
Cannabis merchants are increasingly relying on creative approaches and modifying their business models to satisfy changing customer demands in order to survive in a competitive market.
The diversity of product offers and client experiences is one noteworthy development. Retailers are introducing a wide range of goods, including edibles, concentrates, topicals, and wellness items, in addition to the classic cannabis flower. To improve the general consumer experience, companies are also designing warm retail spaces that include lounges, information centers, and events.
Utilizing technology to increase consumer involvement and expedite processes is another tactic. Retailers are effectively leveraging technology to improve convenience and establish meaningful connections with their target audience, ranging from digital marketing campaigns and loyalty programs to online purchasing and delivery services.
In order to increase their market share and set themselves apart from competitors, several shops are also looking into joint ventures and partnerships. Retailers may create distinctive experiences and goods by collaborating with local chefs, artists, and wellness professionals. This attracts a wide range of customers and builds brand loyalty.
In addition to keeping cannabis shops competitive, creative retail techniques can help de-stigmatize and normalize cannabis use. Retailers can successfully manage legal cannabis regulations and economic uncertainty by being creative and adaptable, which will create a robust and vibrant industry.
Community Engagement and Advocacy Efforts
Advocacy and community involvement are essential components of fostering a supportive atmosphere for the legal cannabis sector. Retailers organize educational seminars and community activities in an effort to demystify cannabis through a variety of outreach methods. They work with neighborhood organizations to dispel myths about cannabis and promote a more educated public conversation about its advantages and disadvantages.
Advocacy activities are critical in promoting regulatory improvements necessary for the industry’s development and survival. Cannabis shops regularly engage in industry associations and advocacy groups, pushing lawmakers on crucial concerns such as taxes, licensing, and banking access. By raising their voices, they want to influence governmental choices that will create a more favorable atmosphere for legal cannabis enterprises.
Retailers are also dedicated to supporting charitable causes and social responsibility projects in their local communities. Cannabis shops show their commitment to the growth and well-being of the communities they serve by sponsoring local events and giving to organizations. By taking part in worthwhile community initiatives, companies foster goodwill and fortify their bonds with locals, which enhances the industry’s favorable impression in general.
Collaborative Solutions with Law Enforcement and Regulatory Agencies
Cooperation among cannabis businesses, law enforcement, and regulatory bodies is becoming increasingly important in navigating the complex legal cannabis market.
One aspect of this partnership is to develop open lines of communication between cannabis entrepreneurs and law enforcement agencies. Retailers may address security issues, curb criminal activity, and maintain community safety standards by encouraging communication and information exchange. This collaboration not only improves the efficacy of law enforcement initiatives, but it also promotes a culture of trust and openness throughout the sector.
Moreover, proactive engagement with regulatory bodies is crucial for cannabis retailers to navigate the complex regulatory framework governing their operations. Seeking guidance, clarifications, and compliance assistance enables businesses to ensure strict adherence to regulations, mitigate risks, and sidestep potential legal challenges. Collaborative endeavors between retailers and regulators streamline the regulatory process, creating a more conducive business environment for legal cannabis enterprises.
Retailers are fervently pushing for regulatory changes that will advance sustainability, equity, and justice in the sector. Businesses work to reshape the regulatory environment to better suit the interests of industry stakeholders and the general public by actively participating in regulatory debates and offering input on proposed regulations. Cannabis merchants help to create a lawful cannabis industry that is well-regulated, responsible, and growing by working with law enforcement and regulatory organizations.
Bottom Line
The difficulties encountered by cannabis sellers underscore the necessity for all-encompassing resolutions to tackle legal obstacles, competitive market dynamics, and unstable financial circumstances. Retailers may safeguard their viability and negotiate the complexity of the legal cannabis ecosystem by embracing creative retail tactics, collaborating with stakeholders, and campaigning for legislative reforms. Cannabis shops may forge ahead and create a robust and prosperous legal cannabis industry by cooperating with law enforcement, regulatory bodies, and communities. In the end, a concentrated effort to resolve these problems will help companies as well as promote safe cannabis use and normalization while optimizing state income possibilities.
BIG SALES NUMBERS, NO PROFITS, READ ON…
GREAT ON THE TOP, NOTHING ON THE BOTTOM LINE, THE MARIJUANA INDUSTRY MULLET!
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Webinar Replay: Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em
Published
21 hours agoon
November 13, 2024By
admin
On Thursday, November 7th, Vince Sliwoski, Aaron Pelley and Fred Rocafort held a post election discussion “Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em”. Watch the replay!
Key Takeaways from the “Smoke ’em if You’ve Got ’em – 2024 Post Election Cannabis Wrap” Webinar:
- Panelists:
- Vince Sliwoski: Oregon Business lawyer specializing in cannabis and commercial real estate.
- Aaron Pelley: Experienced in cannabis law since Washington’s legalization in 2012.
- Fred Rocafort: Trademark attorney working closely with the cannabis team.
- Election Results Overview:
- Most 2024 cannabis ballot measures did not pass.
- Florida, South Dakota, and North Dakota saw failures.
- Nebraska became the 39th state to legalize cannabis for medical use when it passed two cannabis initiatives, Initiatives 437 and 438.
- Federal and State-Level Developments:
- Medical use is currently legal in 38 states, and 24 states allow recreational use.
- Republican support for marijuana legalization is growing.
- Federal Policy Implications:
- Schedule III Rescheduling: The process to move cannabis to Schedule III is ongoing, which could significantly impact the industry.
- Importance of Federal Appointments: The future of cannabis policy depends heavily on who is appointed to key positions in the administration.
- International and Domestic Trade:
- Schedule III status could ease import/export restrictions on cannabis.
- Unified control of House, Senate, and presidency might expedite legislative progress.
- Economic and Industry Impact:
- Cannabis stocks experienced volatility post-election, reflecting investor uncertainty.
- Federal legalization and banking reforms are crucial for industry stability and growth.
- Future Outlook:
- The potential for federal rescheduling remains strong, with hearings scheduled for early 2025.
- State-level initiatives and regulatory developments will continue to shape the industry.
“How Long Does One Puff of Weed Stay in Your System?”… This topic can be difficult to answer since it is dependent on elements such as the size of the hit and what constitutes a “one hit.” If you take a large bong pull then cough, it might linger in your system for 5-7 days. A moderate dose from a joint can last 3-5 days, whereas a few hits from a vaporizer may last 1-3 days.
The length of time that marijuana stays in the body varies based on a number of factors, including metabolism, THC levels, frequency of use, and hydration.
Delta-9-tetrahydrocannabinol, or THC, is the primary psychoactive component of cannabis. THC and its metabolites, which remain in your body long after the effects have subsided, are detected by drug tests.
Since these metabolites are fat-soluble, they cling to bodily fat molecules. They could thus take a while to fully pass through your system, particularly if your body fat percentage is higher.
THC is absorbed by tissues and organs (including the brain, heart, and fat) and converted by the liver into chemicals such as 11-hydroxy-THC and carboxy-THC. Cannabis is eliminated in feces at a rate of around 65%, while urine accounts for 20%. The leftover amount might be kept within the body.
THC deposited in bodily tissues ultimately re-enters the circulation and is processed by the liver. For frequent users, THC accumulates in fatty tissues quicker than it can be removed, thus it may be detectable in drug tests for days or weeks following consumption.
The detection time varies according to the amount and frequency of cannabis usage. Higher dosages and regular usage result in longer detection times.
The type of drug test also affects detection windows. Blood and saliva tests typically detect cannabis metabolites for shorter periods, while urine and hair samples can reveal use for weeks or even months. In some cases, hair tests have detected cannabis use over 90 days after consumption.
Detection Windows for Various Cannabis Drug Tests
Urine Tests
Among all drug tests, urine testing is the most commonly used method for screening for drug use in an individual.
Detection times vary, but a 2017 review suggests the following windows for cannabis in urine after last use:
– Single-use (e.g., one joint): up to 3 days
– Moderate use (around 4 times a week): 5–7 days
– Chronic use (daily): 10–15 days
– Chronic heavy use (multiple times daily): over 30 days
Blood Tests
Blood tests generally detect recent cannabis use, typically within 2–12 hours after consumption. However, in cases of heavy use, cannabis has been detected up to 30 days later. Chronic heavy use can extend the detection period in the bloodstream.
Saliva Tests
THC can enter saliva through secondhand cannabis smoke, but THC metabolites are only present if you’ve personally smoked or ingested cannabis.
Saliva testing has a short detection window and can sometimes identify cannabis use on the same day. A 2020 review found that THC was detectable in the saliva of frequent users for up to 72 hours after use, and it may remain in saliva longer than in blood following recent use.
In areas where cannabis is illegal, saliva testing is often used for roadside screenings.
Hair Tests
Hair follicle tests can detect cannabis use for up to 90 days. After use, cannabinoids reach the hair follicles through small blood vessels and from sebum and sweat surrounding the hair.
Hair grows at approximately 0.5 inches per month, so a 1.5-inch segment of hair close to the scalp can reveal cannabis use over the past three months.
Factors Affecting THC and Metabolite Retention
The length of time THC and its metabolites stay in your system depends on various factors. Some, like body mass index (BMI) and metabolic rate, relate to individual body processing, not the drug itself.
Other factors are specific to cannabis use, including:
– Dosage: How much you consume
– Frequency: How often you use cannabis
– Method of consumption: Smoking, dabbing, edibles, or sublingual
– THC potency: Higher potency can extend detection time
Higher doses and more frequent use generally extend THC retention. Cannabis consumed orally may remain in the system slightly longer than smoked cannabis, and stronger cannabis strains, higher in THC, may also stay detectable for a longer period.
How Quickly Do the Effects of Cannabis Set In?
When smoking cannabis, effects appear almost immediately, while ingested cannabis may take 1–3 hours to peak.
The psychoactive component THC produces a “high” with common effects such as:
– Altered senses, including perception of time
– Mood changes
– Difficulty with thinking and problem-solving
– Impaired memory
Other short-term effects can include:
– Anxiety and confusion
– Decreased coordination
– Dry mouth and eyes
– Nausea or lightheadedness
– Trouble focusing
– Increased appetite
– Rapid heart rate
– Restlessness and sleepiness
In rare cases, high doses may lead to hallucinations, delusions, or acute psychosis.
Regular cannabis use may have additional mental and physical effects. While research is ongoing, cannabis use may increase the risk of:
– Cognitive issues like memory loss
– Cardiovascular problems including heart disease and stroke
– Respiratory illnesses such as bronchitis or lung infections
– Mood disorders like depression and anxiety
Cannabis use during pregnancy can negatively impact fetal growth and development.
Duration of Effects
Short-term effects generally taper off within 1–3 hours, but for chronic users, some long-term effects may last days, weeks, or even months. Certain effects may even be permanent.
Bottom Line
The amount of time that cannabis remains in your system following a single use varies greatly depending on individual characteristics such as body fat, metabolism, frequency of use, and mode of intake. Frequent users may maintain traces of THC for weeks, whereas infrequent users may test positive for as little as a few days. Hair tests can disclose usage for up to 90 days, while blood and saliva tests identify more recent use. Urine tests are the most popular and have varying detection durations. The duration that THC and its metabolites are detectable will ultimately depend on a number of factors, including dose, strength, and individual body chemistry.
PEE IN A CUP COMING UP, READ ON..
Cannabis News
Is Kratom Addictive? Understanding Dependence, Risks, and Safe Usage
Published
2 days agoon
November 12, 2024By
admin
Is kratom addictive? Discover the potential for dependence on Kratom, the risks involved with its use, and how to approach its consumption responsibly.
From 2011 to 2017, over 1,800 calls to poison centers involved kratom in the U.S. This significant number highlights the concern regarding kratom addiction.
However, without Food and Drug Administration (FDA) oversight, and due to various consumption methods like teas and capsules, there are significant health risks. Safe use of kratom is now in question due to these issues.
Research debates how dependence develops, outlining signs like loss of control and withdrawal symptoms. These signs are seen in regular kratom users. Ironically, some people switch from drugs like heroin to kratom, looking for a legal alternative.
Understanding Kratom: Origins and Prevalence
Kratom comes from the Mitragyna speciosa tree in Southeast Asia. It can act like a stimulant or like opioids, based on how much you take. People use it in different ways, for a small energy boost or stronger effects at higher doses.
The legal status of kratom in the U.S. is complicated and changing. It’s a hot topic because some worry about its misuse. It’s still legal in several states. This shows how different places handle drug rules. The National Institute on Drug Abuse is looking into its medical benefits. But, the FDA hasn’t approved it for medical use yet. The DEA calls it a “drug of concern,” which means policies might change.
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From 2011 to 2017, poison control centers in the U.S. got over 1,800 reports about kratom. This shows it’s widely used and might pose health risks.
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Kratom’s main ingredients bind to opioid receptors very strongly, stronger than morphine even. This fact is key to understanding its effects.
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As more people use kratom, more are reporting serious health problems. These include liver and heart issues, and tough withdrawal symptoms, particularly in those already sick.
The statistics show mounting worries about kratom in the U.S. As its use grows, it’s becoming more important to health policies and laws. What happens next will depend on further research and legal decisions.
Is Kratom Addictive: Investigating the Substance’s Nature
The question of kratom’s addictiveness focuses on how it affects brain receptors and its long-term health implications. The ongoing debate highlights concerns about dependence and the risk of addiction. Scientists are closely looking at these issues.
How Kratom Works in the Brain
Kratom’s main alkaloids, mitragynine and 7-hydroxymitragynine, bind to the brain’s opioid receptors, similar to painkillers and narcotics. This connection suggests a potential risk of dependence. These alkaloids are key to kratom’s pain relief but also point to possible addiction concerns, especially with frequent, high-dose usage.
Patterns and Consequences of Long-term Use
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Using kratom often, especially in large doses, can increase the risk of dependence and intense withdrawal symptoms, similar to opioid withdrawal.
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Although some use it for pain or to improve mood, long-term kratom users might see serious health problems, like liver damage and mental health issues.
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Withdrawal symptoms, including irritability, nausea, and sleep problems, show kratom’s impact on one’s physical and mental health.
Assessment of Addiction Risks
Studies indicate a significant risk of addiction to kratom, especially with high doses or frequent use. Dependence develops as the body gets used to kratom, leading to tolerance and a need for more to feel its effects. Withdrawal symptoms emphasize this risk, as highlighted by health experts.
Physiological Effects: Kratom’s Impact on the Body
There is a lot of debate about the safety and use of kratom. This herbal extract comes from the Mitragyna speciosa plant. It has drawn attention for its possible harmful effects on the body. The FDA has issued many warnings about kratom, raising safety concerns.
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Kratom Adverse Effects: Kratom users have reported side effects like nausea, vomiting, and confusion. More serious issues include high blood pressure and liver damage. These problems highlight the risks of using kratom.
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Herbal Extract Safety: Some kratom products contain heavy metals and pathogens. These can cause severe health issues, including death. This shows the importance of safety in herbal products.
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FDA Warnings and Regulations: The FDA has linked kratom to over 35 deaths and warns against using it. They point out the lack of medical uses and the risk of addiction.
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Physiological Impact: Kratom’s effects depend on the dose and the user’s body. Yet, it can lead to dangerous outcomes like liver damage and seizures.
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Safety Concerns from Authorities: Federal agencies like the DEA are worried about kratom’s safety. Although not a controlled substance, monitoring suggests users should be careful.
Kratom might offer temporary relief for some ailments, but it comes with significant risks. The FDA’s warnings should make people think twice. If considering kratom, it’s crucial to talk to a doctor first. Experts stress the need for safety and caution with herbal extracts.
Conclusion
Kratom’s role in health and regulation is complex, with views and research findings widely varied. Some people use kratom for its claimed health benefits, but it’s a hot topic. Experts advise caution and suggest consulting a doctor before using kratom due to the unclear effects.
Clinical studies using scores like SOWS and COWS haven’t confirmed withdrawal symptoms from kratom. This adds to the debate, especially when some users report withdrawal. This makes kratom a controversial subject among different findings and user experiences.
When it comes to treating opioid addiction, kratom can be both helpful and harmful. Some have used it successfully to fight addiction. Yet, some states have banned it. This highlights the need for regulations and consistent product quality. It also raises questions about kratom’s legal status due to mixed actions by authorities.
The situation shows how complex kratom is in the realm of substance use and law. Without clear evidence supporting either its benefits or risks, it poses a challenge. More research is needed to guide regulations and health advice. For now, anyone thinking of using kratom should be careful, seek medical advice, and keep up with laws and health guidelines.
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