Month: June 2016

Addressing the Problem: Lack of Funding For Medical Marijuana Research

According to the scientists that consulted with the NFL about medical marijuana, one of the industry’s biggest shortfalls is a lack of funding for research; the numbers prove it. An analysis found that out of $1.1 billion of the $1.4 billion that the National Institute of Health spent on medical cannabis research, only $297 million went towards researching the potential medical benefits of cannabis. This frustration is what led to a team of scientists launching a nonprofit institute to bring together the world’s top researchers.¬†The Institute for Research on Cannabinoids (IROC) is intensively researching the medical benefits of cannabinoids...

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The Modern Kiosk: A Marijuana Dispensing Kiosk

If you’ve ever made a cannabis purchase, your can probably guess that cash is one of the industry’s most obnoxious problems. Well, that might soon change. Despite the fact that half of the states have legalized medical marijuana and several others have legalized recreational cannabis, we still run into many complications – not only is it not federally legal, but it also remains classified as a Schedule I substance. Because of this, traditional banking relationships with these Schedule I dispensaries are not exactly a thing. So, these businesses must be run by cash; thus leading to issues with managing...

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Colorado’s Governor Says Legalization Is Working

Back in 2012, John Hickenlooper was openly opposed to the legalization of marijuana in his state of Colorado. But it looks like that has changed. Let’s talk about why. Cannabis is a billion dollar industry and is earning the state a great deal of tax dollars. Furthermore, Colorado has one of the lowest unemployment rates at only 4.2%. There is no question that this new, budding industry is helping Colorado tremendously. But it’s not just helping the economy, it’s helping the socially too. Now people don’t have to worry about people losing their jobs and their livelihoods over having even a small amount of marijuana. But more importantly, it is safer. People now know where exactly they are getting their cannabis from. But ultimately, we get it – Hickenlooper was in a tricky situation. His state was undergoing the legalization of a Federally illegal substance. However, it looks like now that everything is starting to work out, and he no longer wishes that voters hadn’t approved legalization. To learn more about the effects of legalization in Colorado, check out this...

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Can CBD Help Dogs?

The¬†endocannabinoid system is not just just present in humans. In fact, it actually is present and plays a regulatory role in all animals (with the exception of insects). This means that like humans, animals also produce endocannabinoids that regulate a variety of physiological roles. Like me, your first thoughts may be something like: is it safe to give my beloved pet CBD? Will it work? According to this article…it sure is safe, and it sure can help. They can be found on specific receptors that can be activated with phytocannabinoids during times of diseased states that could be helpful...

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