Connect with us

Uses, Effects, and Legal Status Worldwide

Published

on


By: Juan Sebastian Chaves Gil

Cannabis, also known as marijuana, has been the subject of interest, debate, and controversy for centuries. This versatile plant has played roles in medicine, religion, recreation, and industry. However, its complex history and diverse uses have led to a wide range of opinions and regulations worldwide. In this article, we will explore exactly what cannabis is, its chemical composition, its effects on the body and mind, as well as its medicinal and recreational applications.

What is Cannabis?

Cannabis is an herbaceous plant belonging to the Cannabaceae family. The most common varieties of cannabis are Cannabis sativa, Cannabis indica, and Cannabis ruderalis. The plant produces chemical compounds known as cannabinoids, with the most famous being tetrahydrocannabinol (THC), responsible for the psychoactive effects of cannabis. Another important compound is cannabidiol (CBD), which does not produce psychoactive effects but has various medicinal effects.

The cannabis plant has been used by humans for millions of years due to its medicinal, industrial, and recreational characteristics. Some historical uses of the cannabis plant from millions of years ago included nutrition through its leaves and seeds, the use of its stems for making ropes, and its seeds for essential oil production. On the other hand, its most relevant use today is the production of psychoactive drugs, consumed by society for various purposes, whether medicinal, recreational, etc. “The psychoactive characteristics of cannabis are mostly attributable to the presence of delta-9-tetrahydrocannabinol (THC), which is the primary cannabinoid that alters consciousness.

In 2014, according to UN data, approximately 3% of the world’s adult population consumed marijuana during that year. UN estimates suggest that between 127 million and 233 million people may have consumed this substance, with an average of around 182 million consumers. Despite its illegal status in many places, marijuana use is widespread in certain countries. For example, in the United States in 2016, 51% of the population had consumed marijuana at some point in their lives, with 12% in the last year and 7.3% in the last month.

The use of cannabis has a long history dating back to the third millennium BCE. It was introduced to the New World by the Spanish in the 16th century. However, from the second half of the 20th century onwards, the use, possession, and sale of cannabis and products containing its psychoactive component, the cannabinoid, began to be considered illegal in most countries around the world. Since then, many countries have tightened their control over the distribution of this substance. Despite its illegality, medicinal cannabis has been authorized in some European countries, as well as in Paraguay, Ecuador, Canada, Australia, and several states in the United States.



Source link

bud

How To Tell If Your Weed Is Bad

Published

on

By


A myth about cannabis is it is grown in healthy, organic atmospheres – which is frankly not true. Here is how spot bad weed.

Like corn, avocados and watermelons, cannabis is sometimes hard to tell if you got the right one.  Peaches, apples, and tomatoes are easy with a squeeze, but other plants are more of challenge. Impurities are pretty common and not all growing habitats are healthy – including indoor. While 50+% of the country has access to legal weed, illicit weed still is a big part of the market, especially in states which don’t allow weed and New York which has over 1,500 unlicensed stories selling who knows what.

RELATED: Why You Should Smell Your Weed Before Buying

Figuring out if your weed is good involves seeing, touching, and smelling your buds to check for contaminants. The more you use, the more you will be able to understand quickly. Here is how to tell if you weed is bad.

marijuana
Photo by Kindel Media via Pexels

Visual Inspection

This can be done using the naked eye or a microscope. If the cannabis flowers are covered with too much shiny, crystalline substance, something could be afoot. During the harvest process, shake out buds and view the drop-off substances. Some impurities  might see include grains, crystals, or powders. If you cannot identify some of these substances, it might be good to take a pass.

RELATED: Why You Should Smell Your Weed Before Buying

Inspect by Feeling

Visual is one one or even the first step.  Pick up a bud to determine whether or not it crumbles or quickly dries out.

Smell and Taste Inspection

Before lighting up, take a whiff to get a better read. Although this only works if you’re familiar with what it should smells and tastes like. If you catch a hint or taste of chemicals or other unnatural substances, then you may have contaminated buds.

marijuana odor terpenes
Photo by LightFieldStudios/Getty Images

Inspect the Combusted Weed

When lighting rolled-up buds, check if it gives up sparks when inhaled. Also, check what the flame looks like immediately and after the weed is lit. If you hear a crackling sound when you drag on the buds, it is very possible the buds are contaminated.

Also, check the flavor and smell given of the weed; if an abnormal order is detected, stop inhaling.

Inspect The Leftovers

This is the last process. If the previous inspections did not give off any weird results, there’s still a need to observe the ash left behind. A non contaminated bud will leave dark gray ash, which is obviously dry and soft to touch. If you see jet black, hard or greasy ash, then your buds contain one or more contaminants.

Cannabis is often exposed, directly or indirectly, to contaminants. Common culprits include sugar, sand, fertilizer, hairspray, and industrial pesticides or fertilizers.

Sand is one of the natural residues that can slip past the inspection of even the most experienced cannabis connoisseurs. Sand is an unavoidable material in agricultural operations, so there’s a high chance it contaminates the products by accident. Some unscrupulous growers tend to add sand on purpose to their products because it gives the buds a shinier and heavier look. It is always advisable to shake out your buds and sift through the ground ones before packaging.

Usually in large grown operations, fertilizer can put consumers at risk of developing life-threatening ailments if inhaled. Many chemicals are used for credible reasons, such as protecting crops and maximizing growth. However,  the consumption of these hazardous chemicals over time can result in diseases such as neurotoxicity and asthma.

Other cannabis Contaminants to watch out for including fungus, mold and talc.

marijuana flower
Photo by Ben Harding/Getty Images

If you ever find yourself with contaminated cannabis buds or products, the severity of contamination determines whether or not you’ll have to dispose of them. Some contaminated buds can be cleansed with the proper materials. However, if you have no time to do this yourself, it’s best to throw them out.

It is always best to purchase from a licensed, legal store as products are more closely inspected and have more oversight to ensure consumer safety.

RELATED: Is Sticky Weed A Good Or Bad Sign?

The main objective of recognizing cannabis bud impurities is to ensure purer and smoother-hitting buds without taking in something harmful. Carefully check through your homegrown and purchased cannabis bids at all times, if not for anything, but stay safe.



Source link

Continue Reading

Cannabis

Key Things To Know About Synthetic Marijuana

Published

on

By


As 50%+ of the US has legal weed available, synthetic marijuana is still around.  Here is what you need to know about it

Marijuana has become increasing legal in the US, but it has not stopped the use of K-2, or spice. Created to provide similar reactions as weed, it has some significant drawbacks to natural cannabis. Often to be made to look like weed, it is not and the dangers are much higher. Here are the key things to know about synthetic marijuana.

RELATED: Why Big Pharma Loves The Power Of Synthetic Cannabinoids

Synthetic Marijuana Claims Third Victim In Illinois
Photo by Jorge Alberto Mendoza Mariscal/Getty Images

What is it?

Synthetic marijuana/fake weed/Spice/K-2 is a blended product. Containing shredded plant material and chemicals made in a lab, manufacturers spray chemicals onto the shredded plant material to make it look like marijuana.  In reality, it is a group of manmade chemicals producing a “high” mimicking some of the effects of THC. Natural THC organically binds to the body’s cannabinoids, producing strong effects which can be euphoric and relaxing. Synthetic marijuana tries to do the same, but sometimes binds to the body’s endocannabinoid system in unpredictable ways. particularly since no one really knows what’s in these products.

Why is it dangerous?

Aside from its unpredictability, synthetic marijuana tends to bind more tightly to the body’s endocannabinoid system, creating a stronger relationship that’s harder to shake off. Side effects associated with synthetic weed are dramatic and dire, unlike the ones associated with regular marijuana use. According to the Cleveland Clinic, they include heart attacks, organ failure, seizures, psychosis, stroke, violent behavior, hypertension, and more. Researchers believe synthetic marijuana can make it more likely for people to suffer from psychiatric conditions, among them bipolar disorder, schizophrenia, anxiety, and depression. About a quarter (28%) of synthetic cannabinoid users experienced central nervous system depression or coma—when brain and spinal cord functions slow down and impair breathing, heart rate, and cognitive processes.

Men Who Vape Are More Likely To Have This Condition Than Non-Vapers
Photo by Itay Kabalo via Unsplash

RELATED: ‘Synthetic Marijuana’ Is A Dangerous Misnomer That People Need To Stop Using

Who’s at risk?

According to the Centers for Disease Control and Prevention (CDC), people between the ages of 20-30 are more likely to be exposed to synthetic cannabis, with men being more likely than women to try it out. Users tend to have already tried out cannabis or are regular cannabis consumers.



Source link

Continue Reading

Cannabis News

The 3 Biggest Winners from Rescheduling Cannabis?

Published

on

By


tax money weed

President Joe Biden’s support of the administration’s decision to reschedule cannabis from Schedule I to Schedule III is likely to result in considerable financial benefits for large, legal cannabis businesses and the illicit market. This action may lessen the restrictions imposed by IRS tax regulation 280E, which has banned cannabis businesses from deducting standard business expenditures. Which cannabis firms will gain the most from this change?

 

The illicit market will get a huge boost by removing the punshiments associated with getting caught dealing or transporting a Schedule 1 drug.  Now that the fines, prison sentences, and desire to enforce Schedule 3 crimes is lessened, look for the illicit market to boom across America.  It is estimated that the illegal cannabis market is 3x the size of the legal US market as of 2024, so look for that multiple to expand if Schedule 3 is enacted.  Removing a negative incentive in economics always leads to predictable action.

 

In the legal market, the largest MSOS, or those that paid the most taxes, have the most to gain by a repeal of the 280E tax code and future tax credit or refunds coming their way

 

Industry Leaders in Tax Payments

 

Rescheduling cannabis will abolish the onerous 280E tax law, potentially freeing up more than a billion dollars in tax savings for the business. Curaleaf (OTC: CURLF) and Trulieve (OTC: TCNNF), both of which make considerable tax payments, are among the firms most likely to profit. Repealing 280E limits would allow these businesses to deduct typical business costs, greatly improving their financial situation.

Truelive alone stands to get $113,000,000 in tax refunds and savings!

Senior analyst Pablo Zuanic of Zuanic & Associates believes that these tax reductions may result in improved cash flows, allowing these businesses to reinvest in development and growth. In the quickly changing cannabis market, having this kind of financial flexibility is essential for keeping a competitive advantage and encouraging creativity.

 

Zuanic has consistently highlighted the disparity between current market valuations and the potential upside, particularly if federal legalization occurs. He emphasizes that immediate cash flow improvements could lead to substantial revaluation of these companies. By enabling the deduction of ordinary business expenses, the financial statements of these companies would more accurately reflect their true profitability, attracting more investors and boosting market confidence.

 

The potential tax savings are a temporary relief and a game-changer for the industry. Analysts believe that the improved cash flow could result in substantial revaluations of cannabis companies. For Curaleaf and Trulieve, this change would mean their financial statements would better represent their actual profitability, leading to increased investments and further expansion opportunities.

 

Curaleaf’s Financial Outlook

 

Beacon Securities’ Russell Stanley sheds light on Curaleaf’s financial landscape, highlighting the company’s adept management of operating cash flow. This proficiency facilitated a successful debt repurchase post-quarter, significantly enhancing its financial stability. With the anticipated rescheduling of cannabis and the potential enactment of the SAFER Banking Act, Curaleaf stands to benefit from a transformed financial environment, potentially witnessing a substantial surge in its operating cash flow by up to 92% and free cash flow by 188%.

 

Wedbush Securities recently released a report on Curaleaf, elevating the stock’s 12-month price target from $6.00 to $7.00 while maintaining a buy recommendation. The report underscores Curaleaf’s commendable performance in key domestic markets like Connecticut, Arizona, Maryland, and New York. Projections indicate a revenue uptick to $1.50 billion by 2025, coupled with improvements in overall profitability. This optimistic forecast reflects the company’s robust financial position and its strategic market presence.

 

Proactive debt management techniques and well-thought-out market positioning highlight Curaleaf’s potential for long-term development and financial success in the changing cannabis industry. Curaleaf is in a strong position to benefit from the rescheduling of banking and cannabis legislation, which may lower regulatory obstacles and further establish the company’s leadership in the cannabis market.

 

Unlocking Trulieve’s Growth Potential

 

Trulieve’s Growth Trajectory

 

Trulieve’s growth trajectory is drawing attention, particularly from Needham’s Matt McGinley, who emphasizes the company’s operational efficiency. McGinley points out that Trulieve has achieved its highest gross margin and EBITDA rates observed in over two years, indicating strong operational performance. This efficiency positions Trulieve favorably for capitalizing on emerging opportunities in the cannabis market.

 

Key legislative advancements in pivotal markets such as Florida and Pennsylvania present significant growth potential for Trulieve. As these markets potentially transition to adult-use cannabis, Trulieve stands to benefit from increased demand and expanded market reach. Leveraging its operational efficiency and established market presence, Trulieve is poised to capitalize on these legislative shifts to drive revenue growth and enhance shareholder value.

 

Trulieve is positioned to be a major participant in the growth of the cannabis sector due to its strategic focus on operational excellence and its flexibility in responding to changing regulatory environments. Trulieve is in an excellent position to maintain its growth trajectory and establish itself as a top cannabis supplier, thanks to encouraging legislative changes and a proven track record of high performance.

 

Analysts’ Industry Impact Assessment

 

Viridian Capital Advisors offers insights into the industry impact, noting that ten MSOs exceeded EBITDA estimates by $37 million in the first quarter of 2024. This performance suggests that initial projections may have been conservative, indicating a positive trend for cannabis companies. Analysts from Viridian specifically highlight Curaleaf and Trulieve, among others, as poised to benefit from the financial changes resulting from the removal of 280E tax restrictions.

 

The long-term outlook for the cannabis industry remains bullish, with potential federal legalization driving substantial valuation growth. Pablo Zuanic from Zuanic & Associates suggests that the US market alone could justify over $110 billion in valuations by 2030 assuming federal legalization. The removal of tax restrictions would directly impact bottom lines, potentially leading to significant valuation increases for many cannabis stocks.

 

All things considered, the possible repeal of the 280E tax laws offers cannabis businesses a big chance to improve their financial standing and market value. As analysts speculate that early projections may have overestimated the sector’s potential, businesses like Curaleaf and Trulieve might gain from more cash flow and better profitability, setting them up for long-term success in the changing cannabis market environment.

 

Bottom Line

 

The impending rescheduling of cannabis and the potential repeal of IRS tax regulation 280E offer a substantial opportunity for cannabis companies to strengthen their financial positions and market appeal. Industry leaders such as Curaleaf and Trulieve stand to benefit significantly, with projected increases in cash flow and profitability paving the way for sustained growth. Analysts anticipate a positive market response, with potential valuation growth and a bullish outlook for the long-term trajectory of the cannabis industry. These regulatory changes mark a pivotal moment, allowing businesses to capitalize on newfound financial flexibility and attract investor confidence. As the sector continues to evolve, Curaleaf, Trulieve, and other key players are positioned to thrive, driving innovation and shaping the future of the cannabis market.

 

WINNERS AND LOSERS FROM SCHEDULE 3, READ ON…

WINNERS FROM SCHEDULE 3 MARIJUANA

WINNERS AND LOSERS FROM SCHEDULE 3 CANNABIS, BET ON THIS!



Source link

Continue Reading
Advertisement

Trending

Copyright © 2021 The Art of MaryJane Media