Cannabis Stocks Mixed After Coca-Cola Says It Has No Plans for Sector

News dampened excitement about beverages companies bringing capital and marketing clout to growing sector.

Cannabis stocks shed some of their early gains Tuesday, after Coca-Cola Co.’s CEO said the drinks giant has no plans for the sector, disappointing hopes that global beverages companies were poised to bring their capital and marketing clout to the burgeoning industry.

Coca-Cola KO, +0.21% said last month that it was eyeing the cannabis sector, specifically the market for CBD-infused drinks, or those that contain non-psychoactive ingredients found in cannabis that are widely thought to have health benefits.

“The space is evolving quickly. No decisions have been made at this time,” Coca-Cola said at the time.

– Read the entire article at Market Watch.

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Cannabis in Canada: Big Banks Are Missing a Boom

KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank.

CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can hire more employees and build new warehouses.

But a line of credit or loan of that size isn’t an option because traditional banks are not willing to lend to marijuana businesses.

Even though Canada legalized recreational marijuana and opened the door to a flurry of business activity, big banks in the United States and Canada are keeping the industry at arm’s length because of pot’s muddy legal picture in the United States.

– Read the entire article at CNN News.

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Flex Your Green Thumb: Tips on Growing Cannabis at Home

The Grow Room in Regina will be offering workshops to help home-growers.

Budding green thumbs now have the opportunity to legally grow their own cannabis at home.

Canadians can grow up to four cannabis plants for personal use per residence under the new laws. The plants must come from licensed seeds or seedlings.

Chad Bonin has been growing medical marijuana for more than 20 years. He is the in-house master grower at Regina’s The Grow Room, a garden supply shop only for cannabis.

– Read the entire article at CBC News.

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Where Are the Seeds? Cannabis Stores Across Canada Face Shortages

Canadians the age of majority in their province can grow up to four plants a household, yet there is no legal means to obtain seeds.

Licensed cannabis producers have put filling Canadians’ pot demands ahead of their desire to fill pots.

With federal legalization of recreational cannabis on Oct. 17, Canadians the age of majority in most provinces (19 in B.C.) gained the right to grow up to four plants per household, yet there is no legal means to obtain seeds or seedlings. None of the online government cannabis stores for B.C., Ontario, Alberta have listings for starting materials, and it is unclear when they will.

The B.C. Liquor Distribution Branch, which controls all distribution of legal product in the province, confirmed that B.C. Cannabis Stores still hasn’t been supplied with any seeds, and licensed producers aren’t yet shipping their full product commitments to its warehouse.

– Read the entire article at Vancouver Sun.

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Scientists Identify a Species of Bloodsucking Flies With a Taste for Cannabis

A team of scientists have identified a species of bloodsucking flies that also have a taste for cannabis. The researchers, led by professor Alon Warburg from the Hebrew University of Jerusalem, published their findings this week in the journal Proceedings of the National Academy of Sciences.

Bloodsucking Vampires

The scientists were studying sand flies, which can transmit diseases including leishmaniasis, a serious and disfiguring disease caused by a parasite in the blood. The authors of the report wrote that sand flies pick up and pass along the parasite that causes the disease while sucking the blood of larger animals to nourish their next brood of young.

“Sand fly females become infected with Leishmania parasites and transmit them while imbibing vertebrates’ blood, required as a source of protein for maturation of eggs,” they wrote.

The sand flies also suck the sap of plants and by studying which plants the insects are eating, the scientists can learn more about the spread of the parasites.

“In addition, both sand fly sexes consume plant-derived sugar meals. Therefore, the structure of plant communities can influence the transmission dynamics of sand fly-borne diseases,” the researchers explained.

To learn more about the sand flies diet, the scientists trapped samples in five locations from

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Some Countries are Warning Their Citizens Not to Smoke Weed in Canada

More foreign nationals residing, working, studying and visiting weed-legal Canada are receiving warnings from their home countries to avoid cannabis at all costs. So far, consulates and embassies have issued a range of warnings to their country’s citizens abroad. And while several seem simply to be urging caution and an awareness of Canada’s cannabis laws, other foreign offices are warning overseas citizens that possessing and consuming legal cannabis in Canada still amounts to a criminal liability back home. Those countries are warning their citizens not to smoke weed in Canada.

Japan and South Korea Threaten Legal Action Against Nationals Who Smoke Weed in Canada

In the lead up to and in the immediate aftermath of the October 17 implementation of Canada’s Cannabis Act, foreign offices representing Mexico, the U.K., Germany, China, Japan, South Korea, France, and Malaysia have all issued statements regarding the legalization of cannabis. But so far, only Japan and South Korea are warning their nationals abroad not to smoke weed in Canada due to the possibility of legal repercussions when they return home.

Since the late 1950s, South Korea has taken a strict prohibitionist stance against cannabis, outlawing both adult and medical use. The country’s most recent

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The Marijuana Midterms: Ballot Initiatives in Four States + Plenty of Hot Races

Four states are voting on legalizing recreational (Michigan, North Dakota) and medical (Missouri, North Dakota) marijuana on Nov. 6. In addition, numerous Congressional and statewide candidates on the ballot support legalization. Here’s the breakdown:

The Initiatives Michigan

Prop 1, or The Marijuana Legalization Initiative, if passed, would allow adults to possess up to 2.5 ounces of flower and 15 grams of concentrate as well as grow up to 12 plants. Michigan would be the 10th state to legalize marijuana and the first in the Midwest. The Coalition to Regulate Marijuana Like Alcohol (CRMLA) raised $2.3 million as of early October with the Marijuana Policy Project ($743,000) donating nearly a third of that total. Smoker’s Outlet Management and MI Legalize 2018 have kicked in $250,000 and $170,000, respectively. The opposition—Healthy and Productive Michigan and Committee to Keep Pot Out of Neighborhoods and Schools—has amassed $1.5 million in contributions, two-thirds from Smart Approaches Against Marijuana (SAM) and another $250,000 from Michigan Energy First. The latest polling shows Prop 1 leading 57%-42%.

See Freedom Leaf article: Michigan Poised to Be the 10th State to Legalize It

Missouri

It’s an embarrassment of riches in the Show Me State with three different medical measures on the ballot: Amendment

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Prohibitionists in Michigan have raised a lot of money to defeat legalization

Donate to the YES on 1 campaign to help them fight back against their dishonest opponents.

We’re concerned about the legalization campaign in Michigan. Polls are tightening, and new campaign finance reports show that Project SAM and big corporate donors like the Dow Chemical Company and ITC Holdings Corp have recently poured nearly $1.4 million into the effort to defeat Proposal 1. The pro-legalization campaign was outraised during the last reporting period.

Will you pitch in $25, $40, or even $250 right now to help the Michigan campaign fight back?

We’ve seen this before. In 2016, a blitz of donations from business allies of prohibitionists, including an opioid manufacturer, helped narrowly defeat the Arizona legalization initiative. We can’t let that happen this year in Michigan.

In order to gain support, the opposition is running a very dishonest campaign. Their TV ad claims that Prop 1 will allow edibles with “unlimited potency,” even though the initiative clearly states that the state government will craft regulations including a maximum THC level for marijuana-infused products. Furthermore, Project SAM is campaigning on the ground in Michigan trying to win over voters by claiming it supports decriminalization, which is yet another false claim.

If Prop

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Entrepreneur Wants to Turn Canada’s Cannabis Waste into Prosthetic Limbs

A Halifax entrepreneur says he can source the raw materials for his line of plastic prosthetic limbs from the country’s dire new problem with legal cannabis over-packaging. Kindness3D founder Jacob Boudreau once created a fully-functional, 3D printed X-Men’s Wolverine claw for a child amputee. Now he claims to have redesigned a paper shredder to make it capable of converting environmentally-unfriendly marijuana packaging into hands for those in need.

How Does Cannabis Impact the Environment?

Concerns over the marijuana industry’s effects on the environment are far from new. As far back as 2010, the New York Times was calling into question the excessive amount of fuel consumed by indoor grow-ops. Seattle’s The Stranger reported that in the first three years of legalization, Washington’s marijuana industry created 1.7 million pounds of plant waste. But wins in the legalization movement have spiked concerns as new companies across the US and Canada bundle their product into trendy plastic packaging whose volume can at times seem preposterous. The trend has compounded an issue that begins at the root and now extends through the point of cannabis sale.

Canada broadly legalized marijuana production, sale, and consumption earlier this month. In the earliest days of the country’s

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FDA Grants “Breakthrough Therapy” Status for Magic Mushrooms to Treat Depression

In a move that will likely come as a surprise to many, the Food and Drug Administration (FDA) has granted Breakthrough Therapy status to psilocybin, which is the psychedelic ingredient found in magic mushrooms.

The Breakthrough Therapy status was granted for the use of psilocybin to treat depression. The move comes after research commissioned by the government found that the substance shows great promise in the treatment of depression.

The designation of Breakthrough Therapy allows the FDA to expedite research and review of treatments containing psilocybin (or psilocybin itself). Currently a Phase IIb trial is underway attempting to determine the optimal dose range for psilocybin to treat severe treatment-resistant depression.

The FDA’s Breakthrough Therapy designation was created in 2012, and was designed to give certain substances a faster pathway to approval.

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