NHL Alumni Association teams up with Canopy Growth to research concussions and cannabinoids: http://bit.ly/2GSdZWs
Study led by NEEKA Health Canada will test if CBD-based therapies can reduce the severity of post-concussion brain disorders in former NHL players. @NHLAlumni
“Cannabidiol oil” means a processed Cannabis plant extract that contains at least 15 percent cannabidiol but no more than five percent tetrahydrocannabinol, or a dilution of the resin of the Cannabis plant that contains at least five milligrams of cannabidiol per milliliter but not more than five percent tetrahydrocannabinol.
“THC-A oil” means a processed Cannabis plant extract that contains at least 15 percent tetrahydrocannabinol acid but not more than five percent tetrahydrocannabinol, or a dilution of the resin of the Cannabis plant that contains at least five milligrams of tetrahydrocannabinol acid per milliliter but not more than five percent tetrahydrocannabinol.
The term for converting THCA into THC is decarboxylation. Simply put, it’s the process of removing the carboxylic acid group from a cannabinoid, a change that enhances its ability to interact with the body. Smoking cannabis, for example, decarboxylates THCA into THC. Without decarboxylation, THCA have very little affinity for the cannabinoid type I (CBI) receptor since they can’t fit. CB1 receptor activation is a requirement for intoxication; if molecules don’t fit here, they can’t get you high. Heat removes a carboxylic acid group from THCA, which decarboxylates into a THC molecule. As a smaller cannabinoid, THC is able to bind to CB1 receptors throughout the human body, producing intoxication.
Police seize $165K worth of CBD oil during a traffic stop
🚨🚨🚨🚨👮♀️👮♀️👮♀️COLUMBUS, Ohio (AP) – The Ohio State Highway Patrol says it has seized 55 gallons (208 liters) of CBD oil containing the non-psychoactive chemical compounds found in cannabis plants. The Highway Patrol says troopers stopped a U-Haul truck on Interstate 70 in Muskingum County earlier this week and found the CBD oil during a “probable cause” search.
Authorities say the oil is worth about $165,000. Police have charged two 37-year-old Rhode Island men with felony drug possession. They could face up to 11 years in prison and $20,000 fines if convicted. Muskingum County is about 60 miles (96 kilometers) east of Columbus. CBD-based products will eventually be available for sale to Ohio medical marijuana patients but are otherwise considered illegal by the state.
According to company materials, “CV Sciences, Inc. (CVSI) operates two distinct business segments: a drug development division focused on developing and commercializing novel therapeutics utilizing synthetic CBD; and, a consumer product division in manufacturing, marketing and selling plant-based CBD products to a range of market sectors. CV Sciences, Inc. has primary offices and facilities in Las Vegas, Nevada and San Diego, California.”
CV Sciences Inc is led by Michael J. Mona, JR. founder of CV Sciences, Mr. Mona possesses over 30 years of senior management experience in a range of industries including real estate/construction, industrial farming, chemical processing and consumer products. Mr. Mona is a recognized industry leader in hemp farming operations and chemical extraction and has established a global supply chain of hemp-derived products.
North American greenhouse operator Village Farms International Inc (NASDAQ: VFF) announced an agreement Friday with Nature Crisp to launch a joint venture focusing on outdoor cultivation of hemp and extraction of CBD with a presence in several states.
Village Farms +
Nature Crisp =
The joint venture, Village Fields Hemp (“Village Fields”)
The joint venture, Village Fields Hemp (“Village Fields”), will be 65% owned by Village Farms and 35% owned by Nature Crisp. Nature Crisp is a private, Georgia based farming operation and part of the Jennings agricultural group of companies (the “Jennings Group”), which grows a diverse range of food and other crops, including hemp, on more than 6,000 acres in the U.S. and Canada.
Canada’s Tilray is working with Authentic Brands Group on a line of consumer products. Authentic Brands manages a portfolio of 50 brands, including Michael Jackson, Shaquille O’Neal, Marilyn Monroe and Elvis Presley,” Min adds.
During Kentucky’s first year of the industrial hemp pilot program, in 2014, the state Department of Agriculture said it received reports of prices as high as $1,000 a pound for CBD’s dried material. In a 2018 report, the agency warned that prices continued to decline rapidly and could drop to $5 to $10 a pound.
The state’s Department of Agriculture has approved 42,086 acres of industrial hemp for 2019, up from 16,000 in 2018, plus 2.9 million square feet of greenhouse space for hemp cultivation. Licensed processors paid Kentucky growers $7.5 million for harvested hemp in 2017 and took in $16.7 million in sales.
No one has done a good job of managing farmers’ expectations, said Mike Lewis, a farmer and businessman who is the director of Third Wave Farms, 20 miles north of London, Kentucky. “I have farmers expecting to make $35,000 to $40,000 an acre,” Lewis said. “Nobody’s really making any money right now.” Calebs said he’s getting $6.50 a pound from his processor, Atalo Holdings, and a yield of 600 to 700 pounds an acre.
“Farmers will not be safe from prosecution for growing industrial hemp,” said Don Tuller, a well-known West Simsbury farmer who serves as president of the Connecticut Farm Bureau Association and whose family has been farming for more than 250 years. ”They’ve got to learn how to grow this stuff, so they’re going to throw out a pilot. … This is a challenging crop, but the important thing is farmers” believe they could make a profit on the crop. While Somers pegged the total at $60,000, various estimates for gross revenue for farmers range between $40,000 and $100,000 per acre through farming hemp.