Federal Legislation to Allow Banks to Work with State-Legal Marijuana Businesses Advances in the House

Federal legislation that would allow banks and other financial institutions to provide services to marijuana businesses that are legal under their state’s law has been passed by a key House panel.

According to Reuters, the bill would provide sought-after clarity to banks across the country that want to do business with the growing marijuana industry, where companies have struggled to gain access to the financial system. The issue is especially relevant now that 10 states in the U.S. have legalized marijuana for recreational purposes; over 30 have passed some form of medical marijuana legalization.

The measure was broadly backed by a mixture of Democrats and Republicans. It now proceeds to the full House, where it is expected to be passed by the Democrat-led chamber in the near future. However, the bill faces an uncertain future in the Republican-led Senate, according to analysts.

Read moreFederal Legislation to Allow Banks to Work with State-Legal Marijuana Businesses Advances in the House

Study: Washington Teens Not Using More Marijuana Following Legalization

The legalization of marijuana in Washington State is not associated with an increase in marijuana use by most teens, according to a study published in The Journal of Adolescent Health.

For the study researchers from Washington State University, the University of Massachusetts, and the Colorado School of Public Health assessed trends in teen marijuana use and employment in the years immediately prior to and immediately following the enactment of retail marijuana sales (2010 to 2016), reports NORML in a news release.

The study found that “marijuana use decreased significantly among working and non-working 8th and 10th graders.” Marijuana use similarly declined among 12th graders who were not employed, while among 12th graders who were employed more than eleven hours per week marijuana use actually increased over the study period, though just slightly. The study’s authors acknowledged that this latter finding was not unexpected because “the workplace may expose adolescents to peer or adult coworkers’ potentially unhealthy behaviors, including substance use.” Authors further acknowledged that working youth were also more likely to have reported using cannabis prior to the passage of legalization.

Read moreStudy: Washington Teens Not Using More Marijuana Following Legalization

Study: CBD May be Effective in the Treatment of Painful Diabetic Neuropathy

According to a new study being published by the journal Brain Research, and epublished online by the National Institute of Health,  cannabidiol (CBD) ” may be effective in the treatment of painful diabetic neuropathy “.

“Most diabetic patients describe moderate to severe pain symptoms whose pharmacological treatment is palliative and poorly effective”, states the study’s abstract. “Cannabidiol (CBD) has shown promising results in painful conditions.” With this in mind, researchers “aimed to investigate the potential antinociceptive effect of CBD over the mechanical allodynia in streptozotocin-induced diabetic (DBT) rats, as well as its involved mechanisms.”

For the study, “Wistar adult male diabetic rats were treated acutely or sub-chronically (for 14 days) with CBD (0.1, 0.3 or 3 mg/Kg, intraperitoneal; i.p.) and had their mechanical threshold assessed using the electronic Von Frey. ” Acute treatment with CBD (at doses of 0.3 and 3 mg/Kg) “exerted a significant anti-allodynic effect, which is not associated with locomotor impairment. “The antinociceptive effect of CBD (3 mg/Kg) was not altered by the pre-treatment with CB1 or CB2 receptor antagonists (AM251 and AM630; respectively; both at a dose of 1 mg/kg, i.p.) nor by glycine receptor antagonist (strychnine hydrochloride, 10 μg/rat, intrathecal, i.t.).”

Read moreStudy: CBD May be Effective in the Treatment of Painful Diabetic Neuropathy

Connecticut Marijuana Legalization Bill Approved by Committee

Legislation to legalize marijuana was passed recently by the Connecticut Joint Committee on General Law.

House Bill 7371 was passed by the committee in a 10 to 8 vote, reports High Times. The measure must now be passed by the full Senate and House before it can go to the governor’s desk.

If the measure is passed into law it would legalize and regulate commercial marijuana cultivation, processing, and sales in the state, while companion measures to tax cannabis and allow for expungements of past convictions are being considered by different committees.

Read moreConnecticut Marijuana Legalization Bill Approved by Committee

Regular Marijuana Use Associated With Reduced BMI, Says Study

Marijuana use over time is inversely related to obesity, according to a new study published in the International Journal of Epidemiology.

For the study researchers assessed the relationship between cannabis use and body mass index (BMI) over time in a nationally representative sample of 33,000 subjects.

Investigators reported that cannabis-using subgroups exhibited “appreciably attenuated BMI gain” over the trial period as compared to non-users and quitters, “with the largest attenuation seen in the ‘persistent use’ group.”

Read moreRegular Marijuana Use Associated With Reduced BMI, Says Study

Smokeable Medical Marijuana Bill Passed by Florida Senate

Florida’s full Senate on Thursday passed a bill to repeal the state’s ban on smokeable medical marijuana.

The Senate passed Senate Bill 182 by a vote of 34 to 4, reports the Orlando Sentinel. The measure would allow medical marijuana patients to smoke marijuana, which was legalized by voters before being prohibited by lawmakers.

“Marijuana is now medicine in the state of Florida and how that medicine is administered should be between their doctor and that patient,” said Sen. Gary Farmer, D-Lighthouse Point.

Read moreSmokeable Medical Marijuana Bill Passed by Florida Senate

Report: Over 200,000 Full-Time Jobs Created by State-Legal Marijuana Businesses

Marijuana businesses that are legal under their state’s law hired 64,000 new employees in 2018, and now employs over 200,000 full-time workers, according to data compiled by Whitney Economics and Leafly.com.

The report, entitled Cannabis Jobs Count, identifies some 211,000 full-time jobs in the legal cannabis sector. This total increases to 296,000 jobs when ancillary employers are also included.

By comparison, 112,000 Americans are estimated to currently work in the textile industry, while only about 52,000 people are employed by the coal mining industry.

“[T]he legal cannabis industry remains a substantial and unrecognized engine of grassroots job creation,” authors concluded. “In fact, cannabis job growth is proceeding at double digit rates in many states despite being overtaxed locally and heavily penalized at the federal level.”

Read moreReport: Over 200,000 Full-Time Jobs Created by State-Legal Marijuana Businesses

Legislation to Regulate and Tax Marijuana in Vermont Passes Senate With Veto-proof Majority

A legislative proposal to tax and regulate marijuana for adult use in Vermont third and final reading in the Vermont Senate Friday with a veto-proof majority; the vote was 23 to 5.

The measure now moves to the Vermont House of Representatives for consideration. Passage in the House would send it to Governor Phill Scott for consideration.

Senate Bill 54, sponsored by 15 of the state’s 30 senators, would create a system of regulated marijuana production and sales for adult use in Vermont, reports the Marijuana Policy Project in a press release. Retail sales would be subject to a 10 percent tax, and municipalities could establish a 1 percent local option tax if they host a retailer. Under the proposal, oversight of the medical cannabis program would be shifted from the Department of Safety to a new independent commission beginning January 1, 2021. It would also change the word “marijuana” to “cannabis” throughout state statutes. A detailed summary of S. 54 is available at http://bit.ly/Vermont-S54.

Read moreLegislation to Regulate and Tax Marijuana in Vermont Passes Senate With Veto-proof Majority

The Current Top 10 Most Popular Marijuana Strains

Among the hundreds – if not thousands – of marijuana strains found around the world, here are the 10 most popular.

blue dream
Blue Dream.

Using data compiled by Leafly, here are the 10 most popular marijuana strains at this very moment:

The Current 10 Most Popular Marijuana Strains:

  • Blue Dream

Blue Dream has remained a mainstay in the marijuana scene for decades. A sativa-dominant marijuana strain, Blue Dream, is a cross between the indica-dominant Blueberry and the sativa-dominant Haze. It’s known for its smooth and uplifting high, as well as its delicious blueberry flavor.

  • Sour Diesel

Sour Diesel is a cross between Super Skunk and Chemdawg, and it stands out due to its strong diesel smell, and its energetic and potent high.

  • Girl Scout Cookies

Girl Scout Cookies (GSC) is a popular mix between OG Kush and Durban Poison It has a powerful high that permeates the body, and a strong, sweet taste and smell.

  • Green Crack

Green Crack has an energetic high and a powerful body buzz that reaches the head. It has a sweet, almost citrus-like taste and smell. The name may not be doing the marijuana industry any favors, but those who try it can easily understand its popularity.

  • OG Kush

OG Kush has been one of the most popular strains for many years year. A cross between Hindu Kush and Chemdawg, OG Kush has an earthy, piney flavor, and a strong head high, that’s loved by many.

  • Granddaddy Purple

Granddaddy Purple is a powerful indica that’s a mix between Big Bud and Purple Urkle. With a berry-like flavor, this strain is a joy to smoke. It’s most known for its dense, kiefy nuggets.

  • Original Glue

Gorilla Glue #4 has been replaced on this list with Original Glue. According to Leafly, “Original Glue (GG4), developed by GG Strains, is a potent hybrid strain that delivers heavy-handed euphoria and relaxation, leaving you feeling “glued” to the couch. Its chunky, resin-covered buds fill the room with pungent earthy and sour aromas inherited from its parent strains, Chem’s SisterSour Dubb, and Chocolate Diesel. Taking first place in both the Michigan and Los Angeles 2014 Cannabis Cups as well as the High Times Jamaican World Cup, this multiple award-winning hybrid’s supremacy is no longer a secret, and consumers will search far and wide to get their hands sticky with Original Glue (GG4).”

  • Jack Herer

Jack Herer is a sativa-dominant strain named after the legendary activist and author. It’s a cross between Northern Lights and Shiva Skunk, with piney and citrusy smell and flavor, and a smooth long-lasting high.

  • White Widow

White Widow’s popularity is due to its energetic, uplifting and powerful high; its uniquely earthy flavor and smell also help it stand out. This strain is a mix between South American Sativa and South Indian Indica.

  • Bubba Kush

Bubba Kush is a powerful indica-dominant strain, known for its heavy relaxation-inducing effects. Although Bubba Kush isn’t a flashy strain, it remains popular for good reason; its strength and consistency.

 

For more information on these strains and hundreds of others, go to Leafly’s website by clicking here.

Study: Cannabinoids May Be An Effective Adjunct Treatment for Pancreatic Cancer

Cannabinoids “may be an effective adjunct for the treatment of pancreatic cancer”, according to a new study.

The study, titled Potential Use of Cannabinoids for the Treatment of Pancreatic Cancer, was published by the Journal of Pancreatic Cancer, and has been epublished by the National Institute of Health.

“Cannabinoid extracts may have anticancer properties, which can improve cancer treatment outcomes”, begins the study’s abstract. “The aim of this review is to determine the potentially utility of cannabinoids in the treatment of pancreatic cancer.”

Read moreStudy: Cannabinoids May Be An Effective Adjunct Treatment for Pancreatic Cancer