Medical Marijuana, Cannabidiol, CBD

Its availability is spreading so you might be tempted to try it. The industry and product are new so there’s a rush to add to food, drink, even pet food. But that also means not much is known about it.

Small amounts may not provide any health benefits:

“Even if products do contain what they advertise,” Armentano says, “the dosing is very low compared to what’s used in clinical trials.” A recent migraine clinical trial, for instance, used 200 milligrams of CBD daily. A highly rated and reviewed one-ounce bottle of hemp oil I found online delivers 8.33 milligrams of CBD per serving and contains a total of 30 servings. A person would need to consume nearly a bottle per day to achieve the therapeutic effects seen in peer-reviewed CBD studies.

 

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Gov. DeSantis (R, FL) Presses Lawmakers for Medical Marijuana Changes

The newly elected governor of Florida, Ron DeSantis, is pressing lawmakers to fix the implementation of the medical marijuana (MM) law the legislature enacted in order to implement the state’s constitutional amendment for MM. The amendment passed by more than 71% of the voters.

The law to be changed banned smokable MM, capped the number of licenses, and forced the industry into vertical integration, which involves growing, processing and distributing the products.

Good for him.

“Deregulation”. Coded Language for What?

Says Senator Elizabeth Warren (D-MA):

Deregulation is code for ‘let the rich guys do whatever they want’ … The Trump administration and an army of lobbyists are determined to rig the game in their favor, to boost their own profit, the cost of the consumer be damned.

But deregulation opens markets to competition because existing regulations protect existing businesses from competition. And competition brings more choices with many price points.

Hemp was deregulated in December, 2018 as part of the Farm Bill. It was removed from the list of controlled substances. Existing businesses operated in regulated markets, illegally — so strict were the regulations that the product was banned.

Now,

Hemp’s return to farm fields this spring coincides with a surge in demand for cannabidiol, a derivative of hemp or marijuana that has become a popular additive in drinks, foods and dietary supplements. Proponents say it relieves anxiety, inflammation and other maladies without the psychotropic ingredient that delivers a high to marijuana users.

Farmers and processors believe growing demand for cannabidiol will turn hemp into a lucrative cash crop.

… Hemp flourishes in rocky soils inhospitable to other crops. It also represents a new potential revenue stream for tobacco farmers abandoning that crop. Other growers are eager to diversify away from mainstream crops after several years of low prices spurred by a production glut and trade tensions.

… Growers can earn $200 to $400 an acre growing hemp for use in textiles, plastics, insulation and construction materials, according to Rodale Institute, a farming research agency. Hemp grown for cannabidiol could earn farmers thousands of dollars an acre, according to the institute. Farmers earned net profits of around $11 per acre for soybeans and lost $62 for corn in 2017, federal figures show.

… Processors in the U.S. also are expanding. Folium Biosciences is building a $30 million, 110,000-square-foot hemp extraction facility in Colorado to increase its capacity 10-fold, said Chief Executive Kashif Shan.

 

Chris Edwards:

Hemp regulations were bad for the economy, they did restrict freedom, and they made life harder for farm businesses. So Warren’s logic would only make sense to someone smoking a big, greasy cigarette of hemp’s sister species.

 

Florida Judge Rules Government Cannot Limit the Growth of Marijuana Facilities

“Tallahassee Circuit Judge Karen Gievers, she struck down the 2017 state law regulating medical marijuana, saying it conflicted with the state constitution.”

The Constitutional Amendment that was passed in November, 2016 details: 1) the actions the Department of Health is to take in setting up the registry for qualifying patients and certifying physicians, and 2) for registering the entities involved in growing and providing those patients with the medical marijuana needed for their treatment.

Last year, in a separate case, Circuit Judge Charles Dodson, in 2018 ruled “that the amendment did not contemplate a licensing scheme for providers that would be decided and controlled by state regulators, but rather “registrations” that would be freely granted.”

The legislature cannot limit access. Sounds like a freer market to me. Here.

Adolescent Pot Use in Post-Legalization Colorado and Washington Not Rising

Jacob Sullum:

According to the most recent numbers, the rate of past-month marijuana use among 12-to-17-year-olds was a bit lower in 2016-17, after three years of state-licensed sales (and four years of legal home cultivation in Colorado), than it was in 2011-12.

His conclusion:

I have to say I am rather surprised by these numbers. I was never comfortable with assurances that legalization would not lead to more underage use. While it’s true that licensed marijuana merchants, unlike black-market pot dealers, actually card their customers (and anyone who has bought marijuana in Colorado or Washington can testify that the stores take that responsibility seriously), it seemed to me that leakage from the adult market might very well make pot more readily available to teenagers, resulting in more cannabis consumption. So far it hasn’t happened, maybe partly because legalization made marijuana less appealing to adolescents—a reversal of the “forbidden fruit” effect.

 

Marijuana Legalization Update

Bloomberg:

By the end of 2018, 20 percent of Americans will live in a state where adults can legally buy and sell cannabis. Yet big problems remain unresolved, including a persistent black market that legalization was supposed to help undermine. There are also fights between states in favor of legalizing weed and localities that oppose it. And of course marijuana remains illegal under federal law, casting a shadow over the industry.

Come on, government people. There are businesses to create, people to hire, less crime.

Here.