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Colombian Medical Cannabis Will Be Covered By Insurance

Colombian Medical Cannabis Will Be Covered By Insurance

by | Jan 4, 2022 | Blog, Business, Cannabis Business, Cannabis Law, Cannabis Law and Compliance, Cannabis News, Culture, Industry News, Medical Marijuana

Colombian medical cannabis

Khiron Life Sciences Corp., a vertically integrated medical cannabis leader with core operations in Latin America, announced on January 4th that the Government of Colombia has added medical cannabis to its list of mandated covered medications for every insurance provider in the country.

Khiron became the first licensed distributor of Colombian medical cannabis in March 2020. The company has currently sold 57,000 prescriptions, with over 16,000 patients across the country.

The plans to mandate insurance coverage for medical cannabis was implemented in December 2020, and throughout 2021 Khiron has been working with insurance providers across Colombia to include their medical cannabis in their coverage. In 2021, 60% of medical cannabis sales done by Khiron were through insurance providers.

The inclusion of medical cannabis in insurance coverage has greatly increased the number of prescribed patients as well as patient retention as medical cannabis becomes more easily accessible and more affordable through insurance.

Additionally, starting in 2022 any Colombian can get their medical cannabis card nearly for free, regardless of their insurance. These new implementations will make Colombia one of the only, and also the leading cannabis provider through insurance in the world.

The implications of having one sole provider of medical cannabis for the entire country of Colombia are yet to be seen. Whether there will be more space for competition in the future is also unknown.

Read Full Press Release

Cannabis Study Shows Occasional Use Does Not Cause Lung Damage

Cannabis Study Shows Occasional Use Does Not Cause Lung Damage

by | Dec 27, 2021 | Blog, Broscience Mythbusters, Cannabis News, Cannabis Science, Culture, Medical Marijuana, Science & Technology

cannabis study shows cannabis use does not decrease lung function

A study, carried out by the Coronary Artery Risk Development in Young Adults (CARDIA), examined both the short- and long-term effects of cannabis on lung function.

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The relationship between cannabis and lung function has been a subject of heated debate for decades. Many are aware of the harm that smoking tobacco causes to the lungs. If anything, the image of what the lungs of a smoker look like is etched in the minds of many. When it comes to smoking cannabis, obvious deductions are often made. Is there any science to back this?

Tobacco smoking has been linked to chronic obstructive pulmonary disease (COPD). [1] It is also the leading cause of preventable death in the U.S. [2,3] While cannabis smoke contains similar combustion products, it is unclear whether cannabis causes an equivalent level of destruction to the lungs.

Some studies have shown that cannabis smoke causes inflammation of the airway mucosa and triggers pulmonary symptoms such as coughing, increased phlegm production, and wheezing. [4-6] However, there are no studies that have demonstrated a decline in pulmonary function. [7]

As the legalization wave continues to sweep through the U.S, increasingly more people are smoking cannabis. Any adverse long-term effects of cannabis on the lungs is a public health issue that requires immediate attention.

A study, carried out by the Coronary Artery Risk Development in Young Adults (CARDIA), sought to understand both the short- and long-term effects of cannabis on lung function. [8] This was compared to data collected from tobacco smokers.

Read Study Results from Terpenes and Testing Magazine

Cannabis lounge opening in Denver hotel

Cannabis lounge opening in Denver hotel

by | Dec 17, 2021 | 420 Culture & Travel, 420 News, Blog, Business, Cannabis Business, Cannabis News, Culture, Industry News, Legalization

the first cannabis lounge in Denver is opening at the Patterson Inn
The Patterson Inn was recently the first — and only — business to apply for the newly available hospitality license

Weed has long been a social substance — after all, there needs to be someone to pass the dutchie on the left hand side. But because of laws limiting public consumption, there are very few places where tokers can go to socially consume it like they do alcohol at a bar.

Denver regulators and entrepreneurs hope that will soon change, however, since the city recently legalized cannabis hospitality businesses. In November, the city began accepting applications from folks who want to open smoking lounges and Amsterdam-esque gathering places, or run bus tours where consumers are able to consume cannabis.

So far just one person has applied, according to Eric Escudero, director of communications for Denver’s Department of Excise and Licenses. That person is Chris Chiari, owner of Capitol Hill bed and breakfast The Patterson Inn.

Chiari is familiar with the cannabis industry, currently serving as the deputy director of the Colorado branch of the National Organization for the Reform of Marijuana Laws (NORML) and having previously invested in a local dispensary. He also co-produced a documentary with rapper and actor Ice-T called “Public Enemy Number One,” which explores the United States’ weaponization of marijuana against communities of color.

 

Chiari first dreamt of turning The Patterson Inn into a cannabis-friendly space about a decade ago when he walked by and saw the address: 420 E. 11th Ave. The property ended up selling to other buyers, but when it came back on the market in 2018, Chiari jumped at the opportunity to purchase it.

“What I envisioned then and am working on today,” he said, “is to combine four-star, boutique hospitality with legally licensed cannabis hospitality and consumption.”

Read Full Story from Denver Post

Malta becomes first EU country to legalize cannabis

Malta becomes first EU country to legalize cannabis

by | Dec 15, 2021 | 420 News, Blog, Cannabis Law, Cannabis Law and Compliance, Cannabis News, Culture, Legalization, Politics

Malta has become the first EU country to legalize cannabis
Adults will be allowed to carry up to seven grams of cannabis and grow four plants at home, but smoking it in public or in front of children will remain illegal.

Several other nations have similar plans; Germany, Luxembourg and Switzerland being three other EU countries considering legalization. While cannabis use and possession is permitted under certain circumstances in the Netherlands, cannabis isn’t officially legal.

Malta’s parliament voted to legalize cannabis on Tuesday, December 14, 2021 with 36 members voting in favor and 27 against.

Equality Minister Owen Bonnici said the “historic” move would stop small-time cannabis users from facing the criminal justice system. A legal cannabis industry would also “curb drug trafficking by making sure that users now have a safe and regularized way from where they can obtain cannabis”.

However, Malta’s opposition Nationalist Party voted against the new law, claiming an increase in illegal market sales will be the result.

In October the group’s leader Bernard Grech — who initially supported the new law — warned it would “only lead to the strengthening of the illegal market, with organized crime taking advantage,” according to The Times. Opponents have already called on Malta’s president, George Vella, not to sign it into law, which is the final, ceremonial stage.

Under the new law anyone carrying more than seven grams, but less than 28g could be fined up to €100 ($112). The punishment for smoking in public will be a €235 ($265) fine, and those smoking cannabis in front of anyone younger than 18 could be fined up to €500 ($560).

Associations will be set up to distribute the seeds to cultivate cannabis or the consumable version itself in order to regulate how much someone buys. A person can only be a member of one association.

The Malta cannabis law also includes support for minors who are found with cannabis. They will be recommended a care plan or treatment as opposed to facing arrest or criminal charges.

While the EU’s smallest member state, Malta is likely to be the first of a number of nations changing their cannabis laws after the UN last year reclassified cannabis to recognize its therapeutic uses.

Several countries in the EU have decriminalized cannabis for recreational or medical use under certain conditions including Spain and Italy more recently. Switzerland also has plans to implement a legal cannabis industry in the future, and Germany’s new government has announced plans to legalize the plant as well.

As the shifting narratives and stigmatization surrounding cannabis are broken down thanks to more scientific research and studies into cannabis that have been hindered for decades, more countries are beginning to recognize the potential therapeutic and recreational benefits of cannabis.

Massachusetts Cannabis Company Makes 850 lb Pot Brownie

Massachusetts Cannabis Company Makes 850 lb Pot Brownie

by | Dec 10, 2021 | 420 Culture & Travel, 420 News, Blog, Cannabis News, Culture, Legalization, Stranger Than Fiction

massachusetts cannabis company makes world's largest pot brownie
In honor of National Brownie Day on December 8th, a Massachusetts cannabis company has created a record breaking cannabis edible treat.

MariMed, Inc. unveiled the 850-pound brownie infused with 20,000 milligrams of THC on Tuesday as part of its new edibles bakery brand, Bubby’s Baked.

According to USA Today, the brownie was made using 1,344 eggs, 250 pounds of sugar, 212 pounds of butter, 5.3 pounds of vanilla extract, 81 pounds of flour, 2 pounds of baking powder, 3 pounds of salt and 122 pounds of cocoa powder, and came in measuring 3 feet wide by 3 feet long and is 15 inches tall.

The previous world record for a cannabis brownie according to the Guinness Book of World Records was 243 pounds. The Bubby’s Baked brownie destroyed that record.

For a new edible company attempting to bring quality, tasty cannabis edible products to the Massachusetts cannabis industry, this was a great marketing effort.

“For many of us, homemade brownies were our first taste of cannabis-infused edibles. Bubby’s recreates and elevates that nostalgic experience, infusing full-spectrum, craft-quality cannabis into timeless recipes, for a reliable high reminiscent of simpler times,” said MariMed Chief Product Officer and SVP/Sales Ryan Crandall in a news release.

The new edible line will be available in Massachusetts cannabis dispensaries with plans to expand to Delaware and Maryland in 2022.

Over 100 towns and villages opt out of New York recreational cannabis

Over 100 towns and villages opt out of New York recreational cannabis

by | Nov 30, 2021 | Blog, Business, Cannabis Business, Cannabis Law, Cannabis Law and Compliance, Cannabis News, Culture, Industry News, Legalization, Politics

towns and villages opt out of New York recreational cannabis industry
As the pieces begin falling into place to allow the New York recreational cannabis industry to begin operations, some local towns and villages are saying no to legal weed.

New data provided by the Associations of Towns of New York State indicates that around 9% of communities have opted out of the zoning portion of recreational marijuana legalization. How many towns is that? Across the state there are 84 of them that have opted out of both retail sale of marijuana and on-site consumption of cannabis.

The same can be said for villages. Around 9%, or 46 villages in New York have opted out of the law, leaving potentially millions in revenue on the table as New York recreational cannabis expands across the state.

For towns and villages that opt out of the New York recreational cannabis program, businesses will not be able to open if they sell or allow patrons to consume cannabis in their establishments.

There is still time for towns and villages opt out, however it does not look like the majority feel the same as the hundred or so that have already. “At this point, it appears there is not a major wave of opt-outs sweeping across the state,” Chris Anderson, research director for the Association of Towns recently said.

“We expect to see some more activity, but it’s certainly pretty late in the game. We have a good indication now it will be a low opt-out percentage statewide.”

There are hundreds of towns and villages across New York state, with the 120+ that have opted out making up a very small minority. It is likely that these towns and villages will see their surrounding communities generate revenue from recreational business while they miss out.

The towns and villages that have opted out will still have the opportunity to opt in once the New York recreational cannabis industry takes off. However the window for more to opt out is closing as the state gets closer to implementing a legal industry.