Reefer Madness or Pot Paradise? The Surprising Legacy of the Place Where Legal Weed Began | THE NEW YORK TIMES

Reefer Madness or Pot Paradise? The Surprising Legacy of the Place Where Legal Weed Began   |   THE NEW YORK TIMES

WLM Synopsis:

  • This article focuses on Colorado five years after its first-in-the-nation legalization of cannabis.

  • Legalization is viewed to have changed‎ health, politics, rural culture, and criminal justice in surprising ways.

  • The reporter summarizes the changes are somewhere between the fears of critics and hopes of the industry and offer a vision of the future for other states as they legalize.

  • As an example, teenage use has actually fallen slightly since medical marijuana ramped up in 2009 and flat since full legalization.

  • On the other hand, twice as many Colorado residents smoke compared to the rest of the country (we wonder how sampling bias in states where it is still illegal are accounted for‎).

  • A lot is also made of increased hospital visits related to cannab‎is use but also acknowledges that "none" of these resulted in death.

  • The article also delves into the other social and economic impacts of cannabis, positive and negative.

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Billed as a health product, CBD faces stiff test from skeptical regulators | YAHOO FINANCE

Billed as a health product, CBD faces stiff test from skeptical regulators   |   YAHOO FINANCE

WLM Synopsis:

  • CBD industry expected to continue to grow rapidly.

  • 65 million Americans have tried CBD with 63% finding the product effective.

  • Fall-out continues from May 31 FDA hearing that failed to resolve lingering issues.

  • Many cannabis stocks have fallen sharply since.

  • FDA acting commissioner tweeted that FDA has duty to “ensure the regulatory path is scientifically sound” (i.e., no resolution expected anytime soon).

  • In meantime certain states like California taking steps to fully legalize and bypass federal regulators.

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The Verdict on CBD Is … Confusing | WALL STREET JOURNAL

The Verdict on CBD Is … Confusing   |  WALL STREET JOURNAL

An FDA hearing on CBD, the nonpsychoactive substance in marijuana, sent industry shares down sharply, but not for long

Are you feeling anything yet?

Those in the mood to discuss a product’s merits or dangers can find no argument more fertile than that over marijuana, increasingly legal on a state level in the U.S. Is the psychoactive substance tetrahydrocannabinol, or THC, addictive, a gateway drug, a miracle cure, no worse than alcohol or some combination of those?

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Here's What Last Week's FDA CBD Hearing Really Means for Cannabis Stocks | YAHOO FINANCE

Here's What Last Week's FDA CBD Hearing Really Means for Cannabis Stocks   |   YAHOO FINANCE

WLM Synopsis:

On May 31st, the FDA held hearings to advance their regulatory oversight of CBD. The FDA selected 120 speakers out of over 400 applicants to provide testimony. The applicants ranged from consumer products companies to industry groups to academics to litigation firms itching to sue. The former FDA commissioner acknowledged that when Congress passed the 2018 Farm Bill they expected that would pave the way for CBD to be available to consumers but believes they also preserved the FDA’s authority in this matter. Not surprisingly, testimony ranged the spectrum, from emotional testimony about the powerful benefits of CBD to concerns about poisoning. There was perhaps some middle ground in testimony advocating for more research and focusing enforcement on companies that make exaggerated and unsupported claims or sell products that are mislabeled or contain toxins. We fully support this and seeking knowledge and products that we can trust were the inspiration for founding WLM.

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Cannabis Stocks Fall After FDA Hearing on CBD Finds Conflicting Views of Substance | MARKET WATCH

Cannabis Stocks Fall After FDA Hearing on CBD Finds Conflicting Views of Substance   |   MARKET WATCH

Hearing ‘highlighted messy state of the industry, with widespread use of CBD products with minimal standardization,’ says analyst

Cannabis stocks were mostly lower Monday, as investors digested the first reports from Friday’s regulatory hearing on cannabis and its ingredients and the news that Illinois is legalizing weed for adult recreational use.

The U.S. Food and Drug Administration conducted its first-ever hearing on cannabis and its nonintoxicating ingredient CBD all day Friday with more than 100 speakers offering views, including researchers, health professionals, advocates, manufacturers and opponents. 

The hearing came after hemp was legalized in the 2018 Farm Bill, leading to a crop of hemp-based products being sold online and in stores…

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Legal CBD is good for you like Vitamin C, and is also good for the economy | FOX BUSINESS

Legal CBD is good for you like Vitamin C, and is also good for the economy   |   FOX BUSINESS

UFC, Aurora Cannabis team up to study effects of CBD on athletes

Professional boxer and former kickboxer Chris Algieri on UFC teaming up with Aurora Cannabis to study the effects of CBD on ahtletes and his upcoming fight at Madison Square Garden.

There’s no disputing that cannabidiol (CBD), the non-psychoactive cannabinoid, is everywhere right now - in your toothpaste, hair products and even infused in your coffee. You can buy many CBD products in drugstores across the country and the Transportation Security Administration (TSA) even changed its rules this week to allow passengers to bring some CBD oil on airplanes…

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Think Tank: Not All CBD Products Are Created Equal | WWD

Think Tank: Not All CBD Products Are Created Equal   |   WWD

Daniel Hodgdon, ceo of Vegamour, sorts out the buzzwords from the benefits.

For good reason, CBD-infused beauty products are all the rage with new products coming to market daily. What isn’t being talked about, but should be, is the “greenwashing” of CBD, meaning everyone is using CBD to look like they have a trendy, natural product, but the way it is being used and formulated doesn’t actually provide its touted benefits.

Every day you can read publications with attention-grabbing headlines about how many CBD products there now are and about what impactful health benefits they produce, but are companies delivering CBD products that actually have benefits?

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'Gold Rush': Cannabidiol Industry Booms Amid Uncertain Regulation | NPR

'Gold Rush': Cannabidiol Industry Booms Amid Uncertain Regulation   |   NPR

Shea Castleberry works in a time capsule of sorts. He walks through the aisles of the Family Video store he manages in Murray, Ky., a small city surrounded by rolling farmland about two hours north of Nashville.

Next to the movies and popcorn, there's a new addition to his store that surprises some of his regulars.

"A lot of people are like 'a video store selling CBD?' But it really does tie into our values. Which is, we're here for the community," Castleberry said.

Cannabidiol, also known as CBD, is a compound that is increasingly becoming popular because…

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Google Kicks In-App Cannabis Sales Out Of Play Store | FORBES

Google Kicks In-App Cannabis Sales Out Of Play Store   |   FORBES

Google fell in line with federal law late Wednesday, banning the in-app purchase or delivery facilitation of THC-based cannabis products as well as any in-app functions that arrange for delivery or pick up of marijuana. Such apps aren’t getting the boot, but much like Apple’s App store policy, “These apps simply need to move the shopping cart flow outside of the app itself to be compliant with this new policy,” a Google spokesperson said in a statement to Forbes

Recreational marijuana is legal in ten states as well as Washington, D.C., but remains illegal under federal law. Facilitating the sale of cannabis remains illegal, and banks steer clear of doing business with the growing industry to avoid federal money laundering rules. As Alphabet, Google’s parent company, stated in its Q4 report in April, “we are also regularly subject to claims, suits, regulatory and government investigations.”

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CBD May Be All The Rage, But Cannabis Terpenes Are About To Hit Big | FORBES

CBD May Be All The Rage, But Cannabis Terpenes Are About To Hit Big   |   FORBES

In a period of just five scant years, cannabis has gone from the frequently maligned status of stoner counterculture to a Kardashian-level social phenomenon. Popularity of the plant has eclipsed even the most avid marijuana supporters’ expectations. That success has had a lot to do with many decades of activists fighting for legalization state by state, combined with powerful political interests in America taking a can’t-beat-em-join-em approach to the popular substance. There are enormous profits to be made in weed and corporations are ready to do what they do best — acquire it, scale it, and mass distribute it into every CVS, Starbucks and Walmart on the planet.

The principal event that’s affected the greatest change to date in the American cannabis industry occurred last December with the federal legalization of hemp (the non-psychoactive cousin of marijuana) passing with the Agriculture Improvement Act of 2018. That bill effectively sounded the starting gun for legal, hemp-derived cannabis products to be sold across the country starting in January of this year. The trendy cannabis compound CBD…

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Saks Fifth Avenue Is Now Serving CBD Beauty At New York City Flagship's In-House Salon | FORBES

Saks Fifth Avenue Is Now Serving CBD Beauty At New York City Flagship's In-House Salon   |   FORBES

Barney’s New York was the first to fling the doors open to cannabis acceptance among luxury retailers earlier this year with The High End and now Saks Fifth Avenue is next to follow suit in the form of a dedicated space.

Today, the chain of department stores announced the launch of The Salon Project by Joel Warren’s CBD Beauty Corner at its New York City…

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Under The Influence Of Instagram: Cannabis In The Age Of Social Media | FORBES

Under The Influence Of Instagram: Cannabis In The Age Of Social Media   |   FORBES

The intersection of social media and the politics of cannabis creates a persistent sense of anxiety for social media managers of cannabis businesses, and a frustrating relationship between consumers and their favorite cannabis brands.

If you spend any time reading about the cannabis industry, one of the dominant “hot takes” out there is that the industry is a present-day “Wild West.” It’s an evocative image of lawlessness, regulatory abandon, and smoky saloons. Keaton Miller, writing for Policy Options, notes how Oregon created a “'Wild West’ marketplace” that has few controls and is flooding neighboring states with black market weed. Other states arguably have more control over their cannabis industry.

But what happens when the Wild West of the cannabis industry—which is…

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Canadian Cannabis Retailers Struggling With Shortage Of CBD Extract | HUFFINGTON POST

Canadian Cannabis Retailers Struggling With Shortage Of CBD Extract   |   HUFFINGTON POST

Retailers across Canada are struggling with a shortage of all cannabis, but there's one product they're especially desperate to keep on shelves: cannabidiol or CBD, a non-intoxicating extract vaunted for its purported health benefits.

The extract, most commonly sold as oil, has been promoted as a natural cure for pain, anxiety and insomnia, despite limited medical research. Many customers are coming in asking for it, especially first-time and older users, store owners say.

"I don't think the licensed producers really realized how popular CBD was…

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CBD: On a real market high | CBS NEWS

CBD: On a real market high   |   CBS NEWS

It looks like pot, can be vaped like pot, even eaten like pot. But pot, it is not. It's called CBD, short for cannabidiol, a buzzy chemical compound that's on a real market high. 

CBD is extracted from hemp, in the same plant family as marijuana. But CBD won't have you microwaving pizza rolls at 2 a.m., because it contains very little THC, the stuff that gets you stoned. 

It's essentially weed without the high, and those who swear by it say it's helping everything from arthritis to insomnia, anxiety to depression, and maybe much more. 

At CBD Kratom in Chicago, sales associate Elijah Olson can barely keep the shelves stocked.

Correspondent Lee Cowan said of CBD's claims, "It sounds like it's almost…

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China Cashes In on the Cannabis Boom | NY TIMES

China Cashes In on the Cannabis Boom   |   NY TIMES

China has made your iPhone, your Nikes and, chances are, the lights on your Christmas tree. Now, it wants to grow your cannabis.

Two of China’s 34 regions are quietly leading a boom in cultivating cannabis to produce cannabidiol, or CBD, the nonintoxicating compound that has become a consumer health and beauty craze in the United States and beyond.

They are doing so even though cannabidiol has not been authorized for consumption in China, a country with some of the strictest drug-enforcement policies in the world.

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