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Subversive Capital Acquisition Corp. Closes The Largest Cannabis SPAC In History

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  • The Parent Company, Formerly Subversive Capital Acquisition Corp., has Completed its Qualifying Transaction and is Now the Largest Vertically Integrated Cannabis Operation in California
  • Shawn “JAY-Z” Carter, Chief Visionary Officer of The Parent Company, Leads Brand Strategy and The Parent Company Social Equity Ventures, a Corporate Venture Fund Investing in Black and Minority-owned Cannabis Businesses
  • The Parent Company is the Most Well-Capitalized Cannabis Company in the U.S. and is Positioned to Consolidate and Reshape the Market in California and Beyond
  • Investors Include Entertainment Powerhouse Roc Nation and Artists Rihanna, Meek Mill, Yo Gotti, and DJ Khaled
  • Common Shares are now Trading on the NEO Exchange Under the Symbol “GRAM.U” and OTCQX Under the Symbol “SBVCF”; Starting January 19, 2021 the OTCQX Symbol Will Change to “GRAMF”

SAN JOSE, Calif. and NEW YORK, Jan. 15, 2021 /PRNewswire/ — TPCO Holding Corp. (“The Parent Company”) (NEO Exchange: GRAM.U, GRAM.WT.U,OTCQX: SBVCF, SBVQF), formerly known as Subversive Capital Acquisition Corp. (“SCAC”) (NEO: SVC.A.U, SVC.WT.U;OTCQX: SBVCF, SBVQF), today announced the completion of its qualifying transaction (the “Transaction”) to acquire CMG Partners Inc. (“Caliva”), and Left Coast Ventures, Inc. (“Left Coast Ventures” or “LCV”) with global icon, entrepreneur and MONOGRAM founder, Shawn “JAY-Z” Carter and entertainment powerhouse Roc Nation.

Common Shares and Warrants are now trading on the NEO Exchange under the symbols “GRAM.U” and “GRAM.WT.U”, respectively, and remain trading on the OTCQX under the symbols “SBVCF” and “SBVQF,” respectively. Beginning January 19, 2021, the OTCQX symbol “SBVCF” will change to “GRAMF.”

Shawn “JAY-Z” Carter, The Parent Company’s Chief Visionary Officer, said, “This is an incredible time for this industry. The end of cannabis prohibition is here, and The Parent Company will lead the charge to a more expansive and inclusive cannabis industry. We are paving a path forward for a legacy rooted in dignity, justice, care, and consistency. The brands we build will redefine growth, social impact, and social equity. This is our time. I’m proud and excited to lead the vision of The Parent Company.”

Michael Auerbach, Chairman of SCAC and The Parent Company, added, “This is an industry defining moment. With its experienced management team, advanced infrastructure, industry leading operational efficiencies, proven strategy of brands, and cultural influence, The Parent Company will help shape the future of cannabis in the U.S. and beyond as well as begin to repair and rectify the wrongs of prohibition.”

Steve Allan, The Parent Company’s CEO, said, “With both the most comprehensive vertically integrated platform and brand portfolio in California, and the healthiest balance sheet in cannabis, we will reshape the industry in the world’s largest cannabis economy.”

For transaction details, investors and security holders may obtain a copy of the final prospectus (the “Prospectus”) associated with the Transaction on SEDAR at www.sedar.com and SCAC’s website at www.subversivecapital.com/s/Prospectus.

Effective on closing, the senior management team and board of directors were reconstituted as follows:

  • Steve Allan as Chief Executive Officer
  • Brett Cummings as Chief Financial Officer and President of Left Coast Ventures
  • Dennis O’Malley as Chief Operating Officer and President of Caliva
  • Shawn “JAY-Z” Carter as Chief Visionary Officer
  • Desiree Perez as Chief Social Equity Officer
  • Drew Kornreich as Chief M&A Officer
  • Colin Brown as Chief Legal Officer
  • John Figueiredo as President of SISU

Board of Directors:

  • Carol Bartz, former CEO of Yahoo! and Autodesk
  • Al Foreman, Partner of Tuatara Capital
  • Daniel Neukomm, CEO of La Jolla Group
  • Jeffry Allen, Director of Barracuda and former Director of NetApp
  • Leland Hensch, CEO of SCAC
  • Michael Auerbach, Founder and Chairman of SCAC

The Parent Company Investment Highlights

  • Proven Business Model – The Parent Company (TPCO) is a fully vertically integrated platform with cultivation, manufacturing, distribution, brands, retail and delivery to support further brand development and an aggressive M&A strategy. TPCO expects pro forma revenues of $334 million in 2021.
  • Progressive Operational Platform – TPCO owns its supply chain, enabling the company to leverage scale and profitably produce and distribute a broad portfolio of cannabis products for every consumer segment. The vertically integrated, omnichannel strategy maximizes gross profit and EBITDA margins, scales consumer reach, generates proprietary consumer data, and beats the illicit market on price, quality, and convenience.
  • Omnichannel Platform – TPCO’s scalable omnichannel business offers customers convenient express or scheduled delivery, and in-store or curbside pick-up, all through a single user-centric e-commerce platform, Caliva.com. This omnichannel e-commerce platform, offering both a robust portfolio of high-margin owned brands as well as third-party brands, allows The Parent Company to rapidly scale its direct-to-consumer reach to all Californians. Coupled with its powerful sourcing and low-cost manufacturing capabilities, this omnichannel platform offers consumers across California compelling pricing and convenience while remaining profitable.
  • Exclusive Brand Partnerships and Leading Cultural Influence – Brand strategy and marketing playbook led by Shawn “JAY-Z” Carter and Roc Nation, leveraging unparalleled cultural influence of leading artists and entertainers to build the most valuable and scalable brand portfolio in cannabis. JAY-Z officially launched the first his flagship cannabis line, MONOGRAM, on December 10, 2020.
  • Unrivaled Consumer Reach  TPCO currently reaches over 50% of consumers in California through Caliva.com, its existing direct-to-consumer platform. The Parent Company will have the greatest consumer reach of any cannabis company in California, reaching 75% of consumers in the state by the end of 2021 and almost 90% by the end of 2022 through scaling of its omnichannel platform.
  • Strong Balance Sheet –The Parent Company is the most well-capitalized cannabis company in the United States and will pursue an aggressive M&A strategy to accelerate growth, market share gains, and profitability.
  • Industry-Defining Social Impact  Led by Shawn “JAY-Z” Carter, The Parent Company will fund The Parent Company Social Equity Ventures with an initial target of $10 million and an annual contribution of at least 2% of its net income to invest in minority-owned and Black-owned cannabis businesses and contribute to the effort to rectify the wrongs of prohibition through diversifying both the business leadership and workforce of the cannabis industry. Beyond investing, the fund will also support organizations and programs focused on diversifying the cannabis workforce through job fairs and placement, industry training and education, as well as Social Equity application support.

Advisors
Canaccord Genuity Corp. served as financial advisor to SCAC. Blake, Cassels & Graydon LLP and Paul Hastings LLP acted as legal counsel to SCAC. Benesch Friedlander Coplan & Aronoff LLP served as U.S. legal advisor and lead transaction counsel, Boies Schiller Flexner LLP as U.S. transaction counsel, and Bennett Jones LLP as Canadian counsel to Caliva. Cooley LLP and Cassels Brock & Blackwell LLP acted as legal counsel to Left Coast Ventures. Cummings & Lockwood LLC, Reed Smith LLP, and Aird & Berlis LLP acted as legal counsel to Shawn “JAY-Z” Carter and his affiliate entities. Stikeman Elliot LLP acted as legal counsel to Canaccord Genuity Corp.

About The Parent Company          
The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U, GRAM.WT.U,OTCQX: SBVCF, SBVQF) is California’s leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact. The Parent Company brings together global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse ROC NATION, California’s leading direct-to-consumer platform CALIVA, and leading cannabis and hemp manufacturer, LEFT COAST VENTURES, to form a cannabis industry leader for the post-prohibition era. Chief Visionary Officer Shawn “JAY-Z” Carter, one of the most recognized and celebrated entrepreneurs of our time, will guide The Parent Company’s brand strategy in partnership with Roc Nation, the world’s preeminent entertainment company with a roster of culture-making artists, athletes and influencers. The brands we build together will pave a new path forward for a legacy rooted in equity, access, and justice.

About Roc Nation

Roc Nation, founded in 2008 by JAY-Z, has grown into the world’s preeminent entertainment company. Roc Nation works in every aspect of modern entertainment, with recording artists, producers, songwriters, and more. Roc Nation’s client list includes some of the world’s most recognizable names in entertainment, from Rihanna and Rapsody to Buju Banton and Snoh Aalegra. Roc Nation is a full-service organization, supporting a diverse roster of talent via artist management, music publishing, touring, production, strategic brand development, and beyond. Roc Nation Sports was founded in 2013, bringing the organization’s full-service touch to athletes across the NFL, NBA, MLB, and global soccer. For further information, visit rocnation.com.

Forward Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation which reflects The Parent Company’s current expectations regarding future events. The words “will”, “expects”, “intends” and similar expressions are often intended to identify forward looking information, although not all forward-looking information contains these identifying words.

Specific forward-looking information contained in this press release includes, but is not limited to, statements concerning the ability of The Parent Company to execute on its growth strategy and the future state of cannabis regulation in the United States. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond The Parent Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: inability to obtain requisite regulatory or shareholder approvals, changes in general economic, business and political conditions, changes in applicable laws, the U.S. and Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading “Risk Factors” in the Prospectus which is available on SEDAR at www.sedar.com. The Parent Company undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Contacts:
The Parent Company
Media
press@theparent.co
Investor Relations
investor@theparent.co

Subversive Capital 
Media
Berrin Noorata, media@subversivecapital.com
Investor Relations
Investor@subversivecapital.com

Source: PR Newswire – Subversive Capital Acquisition Corp. Closes The Largest Cannabis SPAC In History

Source: https://spacfeed.com/subversive-capital-acquisition-corp-closes-the-largest-cannabis-spac-in-history?utm_source=rss&utm_medium=rss&utm_campaign=subversive-capital-acquisition-corp-closes-the-largest-cannabis-spac-in-history

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Opening Your Third Eye – How Cannabis Affects the Pineal Gland

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Known as the primordial third eye and anatomical center of our spirituality and consciousness – the pineal gland has been a source of human mystery and fascination for centuries. The pineal gland is known to be highly receptive to psychoactive drugs, so what happens to it when we use cannabis?

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The Pineal Gland

The pineal gland, also known as the conarium or epiphysis cerebri, is a small endocrine gland found in the brains of most vertebrates. Functionally, the pineal gland is known for its production of melatonin, a hormone that regulates both circadian and seasonal sleep cycles. Spiritually, it’s known as the seat of the soul, the third eye, and the place where our thoughts are formed and manifest into the universe around us… but more on that a little bit later.

The name, Pineal gland, comes from its shape that strongly resembles a pinecone. It’s a midline brain structure, found in the epithalamus near the center of the brain, and it has no pair. It’s tucked into a groove between the two thalamus halves. The pineal gland is one of the neuroendocrine secretory circumventricular organs in which capillaries are mostly permeable to solutes in the blood.

Another feature that makes the pineal gland anatomically unique is that the pineal gland is not separated from the rest of the body by the blood-brain barrier. Meaning, pineal gland gets abundant blood flower directly from the posterior cerebral artery, making it more receptive to certain substances, such as psychoactive drugs like cannabis.

The Third Eye, from a scientific standpoint

The idea of the pineal gland being our primordial “third eye” obviously has some otherworldly connotations, but there is also some scientific basis to this description. The pineal gland is made up of pinealocytes, or neuron-like cells that synthesize melatonin and respond directly to light. Researchers have compared this to the retina of our eyes.

In some cases, scientists have even found holes in the pineal glands of certain fossil species. These holes look just like eye sockets in the rear part of the skull, and allow light to enter to enter directly to the brain. Even now, some modern reptile and fish species still have a fully functional third eye. Take the tuatara, a type of New Zealand lizard belonging to the Sphenodontidae family. The tuatara’s third eye even has its own lens, retina, and cornea!

In mammals, there is no evidence of a third eye that receives direct light and is fully functional in the same way as a reptile’s does. That said, a mammal’s pinealocytes are known to be directly connected to the retina, which helps regulate our sleep cycles by sending signals throughout the brain when light levels and patterns in the environment change. So, our pineal gland can be considered more of a metaphorical third eye, if you’re looking at it from a scientific standpoint.

The Seat of the Soul

Seventeenth-century philosopher and scientist René Descartes had an interest in anatomy and physiology, particularly the structure and function of the pineal gland. He discussed it in both of his books, in which he referred to it as “the principal seat of the soul and the place in which all our thoughts are formed.”

In the Treatise of Man (written in 1637 but not published until 1664), Descartes described these conceptual designs of man that only consisted of two principal parts: body and soul. He believed the pineal gland was solely responsible for connecting the two. In his book, he mention “a certain very small gland situated in the middle of the brain’s substance and suspended above the passage through which the spirits in the brain’s anterior cavities communicate with those in its posterior cavities”.

Descartes discovered that the pineal gland was one the only portions of the brain to exist as a single part rather than one half of a pair and this is one of the reasons he believed it to be so significant. Much of his anatomical research has been discredited, but this statement still proves to be true.

Regardless, despite some errors in Descartes’ research, he was by far not alone in reaching these conclusions about the pineal gland. Many cultures throughout history are in tune with its spiritual importance, and activating it is the basis for many ancient religious ceremonies, some of which continue to this day.

For example, Hindus place a third eye (bindi) on their foreheads to channel chakra energy. In ancient Egypt, the pineal glad was so highly regarded that it was preserved separately during mummification. Even esoteric tradition proclaimed the third eye as “the space between humans and God”, pushing us to maximize our ethereal energy and connect us to a higher dimension of consciousness, awareness, unity, and love in a universe that’s much larger than most of us realize.

According to Dr. Joe Dispenza – D.C. and best-selling author of Evolve Your Brain: The Science of Changing Your Mind (2007) and Breaking the Habit of Being Yourself: How to Lose Your Mind and Create a New One (2012), both of which detail the neuroscience of change and epigenetics – if one activates the pineal gland during meditation, spiritual awakening is soon to follow.

“By squeezing the air we breathe through the centers in our body and visualizing the energy to remain at the top of the head, the spinal fluid is pushed up the spine all the way to the pineal gland. This activates the pineal gland and the body and mind transform from survival mode to that of creation. Mystical moments come as an aftermath.”

Where does cannabis come into play?

Again, because the pineal gland is not hampered by the blood-brain barrier, it’s incredibly sensitive to psychoactive chemicals. Although mild, cannabis is a psychedelic drug by definition, or rather, THC (tetrahydrocannabinol) is a psychedelic substance within the cannabis plant.

Additionally, the reason cannabinoids even have such widespread effects on our bodies is because we come outfitted with an endocannabinoid system (ECS) – a series of cells and receptors that serve numerous different purposes for our overall health and wellness.

Research on rats has also shown that the pineal gland contains a functional endocannabinoid system of its own. This particular study found that the activity of the CB₁-receptors varied based on daily cycles, with lowest activity levels occurring at the end of the daylight period. It also showed that levels of NAPE-PLD, an enzyme responsible for synthesizing new endocannabinoid molecules, was reduced during the middle of the low activity period. And finally, the study discussed the presence of THC reduced the activity of another enzyme known as AANAT, and thus reduces the synthesis of melatonin itself.

This is not the first time that a link between AANAT and THC was discovered though. An earlier study on rats found that THC reduced the activity of AANAT via the following mechanism: “the neurotransmitter norepinephrine starts a cascade of reactions, the end result of which is the production of melatonin. THC disrupts this norepinephrine cascade and thereby reduces the production of melatonin.”

This would indicate that the pineal gland is very profoundly impacted by cannabis, but there is no available research that tells us the full extent of this yet.

Conclusion

Whether you believe in the spiritual functions of the pineal gland or not, we do know that this gland exists in most living creatures and it serves an incredibly important role in our physical and emotional wellbeing, the full extent of which is still not fully known.

We also know that the pineal gland is very responsive to psychoactive drugs, including cannabis, and more research is needed to uncover the therapeutic potential of these substances working with various parts of the brain and body, and the melatonin-producing pineal gland certainly seems to be an important part of the equation.

Thank you for stopping by CBD TESTERS, your hub for all things cannabis-related. Make sure to subscribe to the CBD Flower Weekly Newsletter for more articles and exclusive deals on flowers and other products!

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Source: https://cbdtesters.co/2021/03/07/opening-your-third-eye-how-cannabis-affects-the-pineal-gland/

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New Additions to the African Green Rush

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In the last few years, the trend in Africa has been to legalize cannabis for medical purposes and open international cannabis export industries. The most recent countries to join the African green rush are Uganda, Rwanda, Ghana, and hopefully Morocco.

Are you a THC aficionado? If you are, then you probably already know it’s not just about delta-9 THC anymore. With the inclusion of the newest form of THC, delta-8 THC, cannabis users can choose the level of psychoactive response they are happiest with, and even reduce associated anxiety. We’ve got great Delta-8 THC deals, so if you’re a real THC fan, you’ll definitely want to try it out.

Lesotho and the start of the African green rush

The African green rush started with Lesotho in 2017, when the government legalized the cultivation and production of medical cannabis for exportation, the first in Africa to do so. The first companies to jump on the opportunity were Canadian, with several licenses given out to Canadian companies by 2018.

Lesotho is a poor African country which is enclaved in South Africa. About 80% subsist on farming, however, draughts and mountainous areas have made it hard to grow many crops. Cannabis is not one of them, which makes it preferable for farming. The country also generates revenue off of livestock, diamond mining, and water. As of 2017, approximately 57% were living under the poverty line, with half the population unemployed. HIV is a huge problem in the small country, with somewhere in the neighborhood of 23% being infected.

In the very beginning, Lesotho gave out licenses for free which enabled local farmers to obtain them. It didn’t take long for the price of licensing to go up to $37,000, essentially ruling out local participation. Fast-forward to August 2020 and it’s not the smooth operation that had been hoped for. There has been questioning into how the licenses have been distributed, with Lesotho’s king Letsie III warning the Ministry of Health about the industry being threatened by corruption. One license holder even gave up on the industry after not being able to secure investors because of Lesotho’s poor regulation.

Zimbabwe was the second country to join the African green rush. In 2018, the government of Zimbabwe legalized the cultivation of cannabis for medicinal, export, and research purposes. One year later the law was amended to allow the cultivation of industrial hemp as well. Licenses for growing cannabis in Zimbabwe are approximately $40,000, along with annual return fees of $15,000, and renewal fees of $20,000. Research fees are $5,000 if applicable to a company, with a renewal fee of $2,500. These prices were the prices established at the beginning of the market.

Zimbabwe has also had some bad financial issues, much of it related to land reform issues due to problems between black and white farmers stemming from a shared ancestry in the Colony of Southern Rhodesia. In an effort to redistribute land, many white farmers were ousted, which meant a drop in crop outputs like cotton, tobacco, wheat, and coffee. Prior to the medical legalization, cannabis was illegal in every capacity, and is still illegal for recreational use and medical use today. Citizens of the country can’t access a medical system, much like in Lesotho.

Zambia was next to fall, changing its legislation in December, 2019. The government unanimously approved a bill to legalize the cultivation and exportation of medicinal marijuana. Licensing for cultivation is regulated by the Ministry of Health, and cultivation operations are monitored by the Zambia National Service. Licenses at the time of approval were set at $250,000, also an exorbitant amount for a local farmer in a poor country to pay.

Is Zambia poor? Sure is. Zambia is known for copper and the exportation of metals and minerals. Agriculture is also big, along with tourism as Zambia is home to Victoria Falls. Prior to 2018, approximately $8.4 billion was being added to Zambia’s national debt every year, going up to closer to $10.5 billion since 2018. Much like the other countries mentioned, Zambia is illegal for recreational cannabis use, and hasn’t established a medical program for its own citizens, instead only using the industry for exportation.

Malawi and South Africa

2019 was also the year that the first South African license was awarded for commercial production of cannabis in South Africa. The license went to Afriplex Ltd. working together with House of Hemp. South Africa is a little different than the previous countries mentioned in that it actually does have lax cannabis laws for citizens, decriminalizing personal cannabis use, possession, and cultivation in a 2018 Constitutional Court ruling. Medical cannabis was legalized in 2017, along with the ability for a global import/export medical cannabis market.

At the end of June 2020 it was reported that Afriplex was not only the only licensed producer in South Africa, but was in the process of readying the first export of locally-cultivated cannabis. A different report from October 2019 states that, in fact, Polkadraai Strawberry Farm was the first company to gain licensing to grow cannabis for medical exports in South Africa, given out by the South African Health Products Regulatory Authority. According to the report, the company was cleared to produce 20 tons of cannabis flowers in the company’s 46 thousand square meter production facility. Either way you look at it, the market has been moving slowly, but is starting to pick up pace.

Malawi, another impoverished African country, with the majority of the population working in agriculture on subsistence farms, with larger, richer farmers growing coffee and tobacco on big plantations. This has led to massive wealth inequalities, with the majority of the population living in extreme poverty, characterized by widespread and chronic malnutrition, high infant mortality rates, and general sickness.

In February 2020, Malawi’s parliament signed off on a bill to legalize medical and industrial cannabis production, and even outlined certain specifications for a domestic market for citizens. This makes it a step up from other countries like Lesotho and Zambia which didn’t specify information for domestic markets, essentially leaving their own citizens out (or at least until a market is established…which doesn’t have to happen). In terms of the business end, the bill established a Cannabis Regulatory Authority, instituted a 1% cap on THC in hemp, and set up rules for cultivation and exportation.

Morocco

Morocco is interesting for two reasons. The first is that it’s the largest illegal exporter of cannabis resins globally, dwarfing any legal industry with an output of approximately one million kilos of hash a year, worth about €8 million. This puts it at a massive advantage with legalization in that it has the ability to take over the medical export industry, particularly to Europe, and to be the prime exporter of the African green rush countries. Assuming the illegal industry can be converted into a well-functioning legal market, Morocco holds an interesting position in its ability to divert a massive income stream, and take it.

The second interesting thing about Morocco is that as of yet, the regulations set out for cultivation and production specify laws that protect local farmers, even requiring prospective growers and producers to be Moroccan citizens. The bill, announced on February 25th, 2021, is scheduled to be voted on next week, and aims to develop cooperatives where farmers can cultivate crops for sale to international companies.

How much the bill covers a domestic medicinal market is hard to say at the moment, and will become clearer assuming it passes (though it currently has no obstacles). The hope would be that a country forward-thinking enough to empower its own farmers, will also allow medications for its own citizens.

New additions: Uganda, Rwanda, Ghana

In Uganda, cannabis is still illegal, however, in January 2020, the Ugandan Health Minister approved the exportation of cannabis for medical purposes, along with 15 general guidelines, one of them being that prospective exporters cannot take part in deals worth less than $5 million. The weird part about this is that there was a company already exporting out of Uganda for several years.

Rwanda. In October 2020, Rwanda legalized the cultivation and production of medical cannabis, but strictly as an export, as in, no right for citizens to use these medicines. The law specifically states it will not change the strict laws in place for citizens, which can mean two years in jail for possession and use crimes, while sale, supply and trafficking crimes can mean 20 years to life in prison. In the same month it legalized production for medical exportation, the country approved its first four applications for licenses.

The last new addition is Ghana. In March 2020, Ghana’s parliament approved the Narcotics Control Commission Bill, which legalizes the cultivation and use of cannabis for medical and industrial purposes. The caveat to this bill is that it only applies to low-THC hemp, with .3% THC or less. Said the president of the Hemp Association of Ghana – Nana Kwaku Agyemang:

“We are not promoting smoking, we are promoting the industry, we are promoting cleaning up the environment, we are promoting creating a new revenue stream for government in terms of taxing from cultivation and export and we are talking about promoting medicines that are far better than opioids, medicines that cannot kill you because no one has died from taking cannabis.”

Conclusion

As 2021 really gets going, Africa reinforces its stance as a force to be reckoned with in the field of global medical marijuana production. Just imagine the power of the region if the majority of countries were in on it? It could dwarf the outputs of other nations, other entire continents. The unfortunate aspect is that these laws most of the time are not helping local citizens. Many are not providing citizens access to medicines, and most are setting impossibly high licensing costs that a poor farmer could never afford. So, while Africa gears up to be a leading cannabis producer, in many countries it still seems to be at the cost of its own citizens.

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Resources

Is Lesotho Selling Out Its Own Citizens to Ride the African Green Rush?
South Africa Introduces Some of the Most Lax Laws on Cannabis Yet

Uruguay Was The First Country to Legalize Cannabis – How Are They Doing Now?
Next Stop for Cannabis Industry Investors: Malawi
What is DELTA 8 THC (FAQ: Great resource to learn about DELTA 8THC)

$40k+ Will Buy You a License to Grow Cannabis in Zimbabwe
Cannabis Is Illegal in Zambia, but Exporting It Is Totally Fine!
The CBD Flowers Weekly newsletter (your top resource for all things smokable hemp flowers). How to choose Delta-8 THC flowers? South African Government Declassifies CBD From Dangerous to Medicinal
The Medical Cannabis Weekly newsletter (International medical cannabis business report)
Morocco to Shake Things Up With Legalized Medical Cannabis
The Delta 8 Weekly Newsletter (All you need to know about Delta 8 thc) and the Best Delta 8 THC Deals. Best Delta-8 THC Vape Bundles – Winter 2021 Zimbabwe Attracts Cannabis Farm Investment From U.K.
Colombia Joins International Cannabis Market Sinaloa Cartel Might Run Mexico’s New Cannabis Industry Mama Cultiva & the Fight for Cannabis Legalization
Luxembourg Likely to Be First EU Country to Legalize Recreational Cannabis
Africa’s Green Rush and the Mad Dash to Update Cannabis Regulation Cannabis Is Illegal in Zambia, but Exporting It Is Totally Fine! Legalized Religiously – How Rastafari Tradition Is Helping Ease Cannabis Regulation in the Caribbean

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Source: https://cbdtesters.co/2021/03/07/new-additions-to-the-african-green-rush/

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CBD for IBS

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Central to the efficacy of CBD for pain or inflammation relief is the dosage that you use. Unlike a standard pain relieving or anti-inflammatory medication, where the dosage is clearly spelled out on the back label, using CBD can be much more tricky. 

Truthfully, it is hard to prescribe a “one size fits all” for CBD dosing. General CBD dosing guidelines state that it is best to start small (i.e. 5mg) and make note of how it affects your body. If you do not find it is sufficient, then you can begin to gradually up the dosage. 

If you are using an edible gummy, measuring 5mg will be easy. However, if you are using CBD oil for IBS, it can be a bit more complicated to measure out 5mg. You can use this as a guideline: most CBD oil bottles will come with a dropper that can hold 1 ml of liquid. If your CBD bottle contains 500 mg of CBD, for example, then you can estimate that there are 0.05 mg of CBD per drop. This number, of course, will vary depending on the amount of CBD that is in your particular bottle, but you can base your dosage off of this mathematical formula.

There are other factors that will affect what is the correct CBD dosage for you, such as your age, weight, and even your body chemistry, which can be a rather abstract thing to measure. This means that discovering the correct dosage for you really comes down to a matter of trial and error.

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Source: https://americanmarijuana.org/cbd-for-ibs/

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Colombia Joins International Cannabis Market

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Colombia is a country that’s been at the forefront of drug markets for quite some time, with a government ready, willing, and able to make updates to laws as needed. In its newest turn, Colombia is building its international cannabis export market, and creating new legislation to bring in more revenue.

In today’s world of cannabis, you can choose the THC you like the most. There’s delta-9 which is the standard THC. And then there’s delta-8 THC, a newer version which causes less psychoactive reaction, and less overall anxiety. Which THC is better? Check out our sweet Delta-8 THC deals and figure out which one works best for you.

Cannabis and Colombia

Colombia has been one of the more lax countries when it comes to cannabis use, partly because the country has had so many drug issues and drug violence, that it has made laws specifically to try to combat these issues. One of them was to decriminalize most drugs in 1994. This decriminalization wasn’t as precise as it should have been, and in 2012, a specification was made to clarify just how much a person could have for personal use and/or possession without being arrested. The amount was set at 20 grams or less to avoid prosecution. This was still only intended for private use, and did not decriminalize public use.

Things got a little sticky in 2018, when then president Ivan Duque signed a decree giving law enforcement the ability to confiscate personal use quantities if caught. The decree did not break with decriminalization in that it didn’t threaten criminal sanctions, but it did instate a fine of up to 208,000 pesos. The following year (2019) the Constitutional Court ruled that parts of the decree were unconstitutional and abolished punishments for up to 20 grams, while still allowing law enforcement to confiscate contraband.

Sale, supply, and trafficking crimes are all predictably illegal. Having more than 20 grams can be considered possession with an intent to sell. The maximum prison sentence is 20 years, which is a stricter penalty in the country than for rape. Being caught trafficking can land a person in prison for up to 30 years.

2015, Colombian president Juan Miguel Santos signed a law to legalize medical marijuana, and in 2016 Colombia’s congress passed law 1787 to establish a regulatory framework for a market, which was approved in 2017 with Decree 613. As part of the regulated system, those looking to gain authorizations to take part in the market must obtain the proper licenses, of which there are four.

  • 1) A license for the manufacture of cannabis derivatives for producing cannabis-derived products, domestic scientific research, and exportation.
  • 2) A license for the use of cannabis seeds which allows the sale, distribution, and research of the seeds.
  • 3) A license for the cultivation of psychoactive cannabis which allows the cultivation, production of derivatives, storage, disposal, production of seeds, and research into the plant.
  • 4) A license for the cultivation of non-psychoactive cannabis which is for producing cannabis seeds for planting, industrial uses, manufacturing derivatives, storage, disposal, and research.

Interested parties should check the links for further information on requirements for licenses, and general pricing. According to Prohibition Partners, by the end of 2020, Colombia had handed out nearly 700 licenses for both low and high THC production, as well as seed production. Prohibition Partners went further into data from 2020, saying about 70% of cannabis operations in Colombia are owned by foreign companies, mainly from Europe and North America (Canada and the US).

This goes in line with nearly every country that has opened an international cannabis market, by accepting foreign investments over empowering local businesses. Morocco stands as one of only a few countries to create legislation requiring licenses to go to Moroccans only.

Commercial sales internationally

Having a local domestic market, and joining the global medical cannabis industry, are two different things. In the past year, several companies in Colombia (or companies operating out of Colombian facilities) have begun selling products in the international cannabis market.

Khiron Life Sciences was the first company to export high THC products out of Colombia in early December 2020. The exports went to Peru where prescriptions were filled through Farmacia Universal S.A.C. as part of the deal with Khiron. It is the only Colombian company authorized to export such materials, and the only Colombian company with authorization to fill commercial prescriptions in Peru for high THC products. Doctors in Peru have to acquire a medical cannabis diploma via Khiron in order to participate, which over 100 have so far. Khiron met all import, export and distribution requirements to make this happen according to the Colombian government.

Avicanna is a Canadian-based biopharmaceutical company specializing in cannabinoids. Last July, the company exported 100,000 hemp seeds to Colorado from Colombia via a local subsidiary, Santa Marta Golden Hemp, which met all the requirements for exportation. This was the first hemp seed export made out of Colombia.

The first commercial sale for cannabis oil was made out of Colombia last month when Ikänik Farms Inc. made its first sale of THC oil to Mexico. It is the company’s goal to present cannabinoid solutions particular to patient needs (formula magistral) in Latin America. They intend to target illnesses like insomnia, cancer, and epilepsy. The president of Ikänik Farms, International – Borja Sanz de Madrid – had this to say about the event:

“We are excited to participate in this groundbreaking moment for the cannabis industry and the countries of Mexico and Colombia, as the first Colombian company to export psychoactive cannabis oil to Mexico… We would like to thank both governments for their roles, ensuring this collaborative effort remained a top priority.”

Clever Leaves is another interesting story. The US-based multinational company making pharmaceutical grade cannabinoids, announced a couple days ago that the Colombian government (through the Colombian Technical Quotas Group) gave Clever Leaves’ Colombian facility authorization to manufacture just under 60,000 kilos of cannabis into dried flower derivatives. This, according to the International Narcotics Control Board (an independent body that monitors substances as per the three UN scheduling treaties), comprises 50% of Colombia’s quota for the year, and 18% of the global allowable medical cannabis production for 2021.

In July of 2020, the Clever Leaves facility in Colombia won an EU GMP certification, making it the only Latin American country to gain this certification. The authorization allows Clever Leaves to import medicinal cannabis products to the EU, as well as the ability to produce ‘active pharmaceutical Ingredients’ (APIs), finished, and semi-finished products for distribution in Europe. The Clever Leaves Colombian facility, besides its EU GMP certification, also has a GMP certification from the Colombia National Food and Drug Surveillance Institute, and a GACP – Good Agricultural and Collecting Practices Certification. The company was also granted a provisional license from Infarmed in Portugal.

Last month, Clever Leaves gained approvals to legally ship cannabis to Canada from Colombia for the first time. The cannabis was authorized to be shipped for research purposes only, and required six authorizations to happen. The cannabis shipment was approved for lab testing and analyzation, with the move showing that Colombia stands behind the quality of its products. This is the first time Colombia made such an authorization for its products.

PINE. Having the PINE designation shows the government’s support, as well as a recognition of the company’s contributions economically to the country. A PINE designation also comes with the ability to simplify certain administrative processes, and to get through them quicker.

Not only that, this past February, Colombian parliament put forth a bill that would enable the exportation of cannabis flowers to be sold in international markets. Right now, oils and other products can be exported internationally from Colombia, but not actual buds. As of last October, Colombia’s exported cannabis amounted to $5 million in sales, a rather small number, with most of it being CBD products shipped to the US. The inclusion of dried flowers is noted as a way to bring up revenue, and the government agency responsible for fair business practices in Colombia – the Superintendency of Industry and Commerce – recently sent a letter to the Ministry of Health to recommend an update in legislation to make this happen.

According to Prohibition Partners, the Colombian Ministry of Health and Social Protection published a new draft law which is related to Decree 613 and Law 1787, both passed in 2017. The new bill would allow companies in Colombia to export dry flowers internationally in the global cannabis market.

Conclusion

Besides trying out this new bill for the exportation of dry flowers, Colombia has also recently visited the ideas of both legalizing a recreational market for cannabis, as well as legalizing cocaine. For now however, Colombia will continue working to expand its growing medicinal cannabis market. One thing for sure is, when it comes to drugs, Colombia always finds a way to be on top.

Hello and welcome to CBDtesters.co, the #1 spot for all cannabis-related news and information. Join us regularly to keep up with the fast-paced world of legal cannabis, and sign up for our newsletter so you never miss a thing!

Resources

America Is Cannabis Friendly – It’s Official
Cannabis Election Results – What Just Became Legal in the United States

Uruguay Was The First Country to Legalize Cannabis – How Are They Doing Now?
South Africa Introduces Some of the Most Lax Laws on Cannabis Yet
What is DELTA 8 THC (FAQ: Great resource to learn about DELTA 8THC)

Argentina Allows Cannabis Self-Cultivation
Cannabis Is Illegal in Zambia, but Exporting It Is Totally Fine!
The CBD Flowers Weekly newsletter (your top resource for all things smokable hemp flowers). How to choose Delta-8 THC flowers? Mexico Delayed Cannabis Bill Again
The Medical Cannabis Weekly newsletter (International medical cannabis business report)
Morocco to Shake Things Up With Legalized Medical Cannabis
The Delta 8 Weekly Newsletter (All you need to know about Delta 8 thc) and the Best Delta 8 THC Deals. Best Delta-8 THC Vape Bundles – Winter 2021 Paraguay Grows it, Brazil Takes it… Will New Cannabis Laws Change Anything?
Tilray Continues Expansion Into Europe And Beyond Sinaloa Cartel Might Run Mexico’s New Cannabis Industry Mama Cultiva & the Fight for Cannabis Legalization
Luxembourg Likely to Be First EU Country to Legalize Recreational Cannabis
Recreational Cannabis in Colombia – Coming Soon? New Bill: Colombia Will Legalize Cocaine? Cannabis Remains Schedule I After UN Vote

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://cbdtesters.co/2021/03/05/colombia-joins-international-cannabis-market/

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