How Ontario Is Killing Cannabis Retail

Razor-thin profit margins, supply chain hoarding and licensing fees are pricing legal retailers out of the market.

Three years after legalization, the reality of Ontario’s cannabis industry for retailers is far darker than our wildest imagination.

Ontarians rejoiced at the prospect of being able to enter the market in its infancy when the Ford government announced plans to allow privatized retail sales of cannabis. What nobody realized was how corrupted the industry would turn out to be.

– Read the entire article at Now Toronto.

Read More Here...

Former-UFC Middleweight Elias Theodorou Talks Next Fight, Cannabis, And NFTs!

Elias Theodorou, the former UFC middleweight fighter turned pro-athlete with an approved cannabis therapeutic-use-exemption, is launching an exclusive NFT collection ahead of his next professional MMA fight.

This comes at an exciting time for the former UFC Ultimate Fighter series champion and amidst a wave of NFTs in professional combat sports with recent digital art released by Deontay Wilder.

Elias recently made history as the first pro athlete to compete with a therapeutic-use exemption for cannabis in a fierce showdown in the ring against former UFC middleweight Matt Dwyer. The groundbreaking Rise Fighting Champion 6 fight ended with a cascade of hammering punches from Theodorou delivering a sensational TKO.

The Dwyer fight leaves Theodorou in an extremely strong position, with an impressive 18-3 record – and having won every fight in the past half-decade besides a loss to Derek Brunson a likely UFC middleweight championship contender.

Elias Theodorou talks… UFC and cannabis use:

– Read the entire article at Yahoo News.

Read More Here...

1 Killed, 1 Injured In Shooting At Marijuana Dispensary In Valinda – CBS Los Angeles

VALINDA (CBSLA) — Authorities say two men were shot, one fatally, at a marijuana dispensary in the Valinda area.

The shooting unfolded after 10 p.m. Saturday in the 15800 block of Amar Road. There, deputies arrived and located two men with gunshot wounds. One was pronounced dead at the scene.

READ MORE: 6 Injured When Driver Plows Through Crowd At Halloween Party In Long Beach

He was 25 years old. A second victim, age 31, was taken to a hospital where he was listed in critical condition.

READ MORE: Parolee Accused Of Breaking Into Relative’s Home In Simi Valley

A motive for the shooting remains unknown.

MORE NEWS: Probe Underway After Woman Is Shot, Killed In Claremont

Anyone with information was asked to call the Los Angeles County Sheriff’s Department’s Homicide Bureau at (323) 890-5500.

Read More Here...

Colorado dispensary offering 1-cent joint deal to voters until Election Day – Burlington Record

Election Day is Nov. 2, and while you should vote to have a say in your local democracy, it never hurts to have an incentive.

Native Roots Cannabis Co. is offering 1-cent joints to any customer who comes in with an “I Voted” sticker. The deal, which runs through Election Day, is good at any of the company’s 20 dispensaries in Colorado; no additional purchase is necessary. There’s a limit of one joint per customer.

While I have you, check out The Denver Post’s comprehensive voter guide to local elections and statewide issues before you go out and light up the ballot box.

📫 Keep your “I Voted” sticker! 📫
Show it to your budtender from Tuesday, October 19, 2021 – Tuesday, November 2, 2021, for a penny joint! https://t.co/CYrZkySxdq pic.twitter.com/Hent8jLmKl

— Native Roots (@NativeRoots303) October 19, 2021

Subscribe to our weekly newsletter, In The Know, to get entertainment news sent straight to your inbox.

Read More Here...

Remember Cannabis and Forfeiture? It’s Baaaaack

Some readers may be surprised to realize that a lot of cannabis stakeholders actually don’t want broadsweeping federal legalization. Why? Becuase they know it means that they’ll instantly be competing with well-established companies that are already masters of economies of scale, branding, marketing, and consumer sales, and their market share will shrink or be eliminated completely. At the same time, even those protectionist stakeholders are still hurting for certain aspects of federal legalization to go through, the top two being I.R.C. 280E and banking reform.

Banking reform is much more likely to happen before Congress decides to mess with 280E (despite the fact that certain law firms continue to try to pull off Hail Marys in tax court litigation to eliminate or reduce the draconian effect of 280E). Access to banking and reducing or eliminating federal penalties for financial institutions dealing with cannabis businesses has been on the horizon for sometime now in Congress. Political back channeling, inside baseball, and overarching legalization policy concerns have ultimately kept such reform from passing. Still, we have the 2014 FinCEN guidance to help the industry along where state-licensed, law abiding cannabis businesses can try to secure bank accounts with financial institutions that follow

Read More Here...

This Is How Cannabis Gets Turned Into CBD

At Vantage Hemp’s huge factory in Colorado, cannabis goes through the complex process of being processed into CBD.

Cannabidiol, or CBD, as it’s better known, was once only a concern of the most tiresome of stoners. Now you can find it in tampons, face creams, ice creams, hummus, water, and at Tesco. It’s a multibillion-dollar industry: the UK’s CBD market alone has been forecast to reach $1.2 billion by 2025.

This explosion in popularity can be traced back, in the UK at least, to 2016, when the Medicines and Healthcare products Regulatory Agency (MHRA) ruled that products containing cannabidiol used for medical purposes had to be classified as a medicine. This focus from the government kick-started a UK interest in the product, says Harry Sumnall, a professor in substance use at the Public Health Institute. “All of a sudden, there’s a lot of media articles,” he says – it catapulted CBD into the national consciousness. “That provided some really nice context to have that wider public discussion about CBD.”

– Read the entire article at Wired.

Read More Here...

Does CBD Help Treat Autoimmune Diseases?

There are many claims out there about cannabidiol (CBD). People swear that it helps with just about anything, including chronic pain, insomnia, anxiety, and even autoimmune diseases.

Autoimmune diseases are conditions in which the immune system doesn’t work as it should. Instead of working to fight invaders like bacteria and viruses, it attacks healthy cells, causing inflammation and other symptoms.

Some common autoimmune disorders include:

– Read the entire article at Health Line.

Read More Here...

Marijuana dispensaries start selling whole flower in NY – Olean Times Herald

ALBANY (TNS) — On Tuesday, several of New York’s medical cannabis dispensaries began selling smokable “whole flower,” the bud of the cannabis plant, for the first time since the Compassionate Care Act passed in 2014 to legalize marijuana for certain medical uses.

“I’m just happy it’s finally happening. I didn’t think I would see the day,” said Ryan, a 20-year-old patient from Albany who was one of the first local buyers of whole flower at Verilife dispensary. He asked to only be identified by his first name.

Saul Stanley was also at the front of the line at Verilife after the product hit the shelves around 3 p.m. He headed in right after reading an email announcement from the dispensary, which he’s been frequenting since it opened in 2016.

Cannabis helps Stanley manage his dystonia, a condition that can cause muscle pain, weakness and involuntary movements.

“I normally got the flower, but it was ground up,” Stanley said. “With whole flower, you can conserve it more.”

Kevin Harbison, a doctor of pharmacy who manages clinical services for PharmaCann — the company that runs the Verilife dispensary — said that with the new product, patients will have access to all the cannabinoids and terpenes that an individual plant has to offer.

“When flower is processed down

Read More Here...