The passing of the 2018 Farm Bill gave CBD exactly what it needed to soar. As a result, the CBD industry in 2019 has already experienced exponential growth. Data suggests the trend will continue in the years to come, with the CEO of ArcView Group, Tony Dayton, predicting that CBD product sales will climb to $20 billion by 2024. For CBD brands and businesses, both established and emerging, this can only mean one thing… heightened competition and less opportunity to control market share.
Weed has been used for a long time, in many countries around the world. Yet there are still many misconceptions about the drug, much is determined by ignorance or prejudice. Some people think weed is hallucinating. But is that really true? Isn't cannabis different from other (hard) drugs? In this article, we give you the answers to all the questions you have regarding pot and hallucinations.
Marijuana and fake news
There are many stories about weed, many of which have no scientific evidence. That is why not only the use of marijuana goes back a long time, but so do the misconceptions. Often opinions about weed are formed by people who have never used cannabis themselves. It is a shame that many of these stories are told about weed because it places weed and its use in a negative light. This while there are a lot of people who could benefit from the plant but are not using it now because they are frightened or have only heard negative things about it.
There have also been fake stories told by government agencies in the long history of weed. This was done to discourage the use of the drug. Much of this also came from ignorance, but the effect of those negative stories still resounds. Negative stories about cannabis, for example, were used by political parties to proclaim the position of that party. So fake news was deliberately spread, instead of properly informing people about the plant and its use.
For years the focus has also been on the negative properties of weed. Such as the negative effects on the brain, or the fact that marijuana is addictive. This while cannabis also has many positive properties, especially from a medical point of view, there is more and more attention to what the plant has to offer in the treatment of patients. Fortunately, consciously demonizing the plant is no longer an issue in many countries. Yet there are still many places in the world where severe penalties are imposed on the use, possession, and trade in marijuana.
Hallucinating
A persistent view that many people have is that weed is hallucinating. But do the flower tops of cannabis really have a hallucinatory effect, or is that a misconception? Is weed just like some other psychedelic drugs? Read on and discover everything about marijuana in relation to hallucinations.
First, let's talk about hallucinations. Because what exactly are they and what causes hallucinations? A hallucination means that you experience something that didn't really happen. It is a process in the brain that causes your sensory perception to change, you have the idea that something is happening, but in reality, it is not.
People with schizophrenia can also perceive things that are not there. They don't always have to be very special or strange things, but they can also be everyday things. Hallucination can therefore also occur without drug use. Some types of drugs, such as LSD and magic mushrooms, can have a real hallucinatory effect. Depending on how strong the medicine is, the hallucination may be stronger and last longer.
But what about soft drugs like weed? Does that also cause hallucinations? No, in the case of weed there is a changed perception. Weed users almost always realize that what they perceive is not real. That is different from hallucination, where the user has the idea that what he perceives is real. A hallucination is much more convincing and cannot be distinguished from reality.
This is not a political or even an economic posting relative to the tariffs and the current "tariff war". Rather, I have been doing a lot of thinking about what this teaches us about supply chain and specifically global supply chain design.
First, this topic has been talked about for a long time and it goes under the banner of "supply chain disruption". We have always thought of these disruptions as either "natural disasters" (think hurricanes and earthquakes) or "man-made" disasters such as wars. In either case the recommendations have been for supply chain professionals to stay very close to the impact of these and how long a company could survive should one hit. Perhaps this tariff war is a way for us to practice before something we really cannot control occurs.
In 2011 both the hard drive industry and the auto industry were hit hard and interrupted significantly by flooding in Thailand. Closer in time, the graph below from EPS news shows the types and number of disruptions just in the 2017 / 2018 timeframe:
You can see this is not an uncommon occurrence so, while the cause of this particular disruption this year (tariffs) may be surprising, what should not be surprising for supply chain professionals is the fact their global supply chains are susceptible to disruption. What should you do about it:
Plan, Plan, Plan - scenario planning and conducting FMEA's are a must in this environment. You should not have to make it up as you go along when a disruption hits.
Think about your supply chain as a portfolio. You likely would not invest your entire life savings in one stock would you? Why would you do it with your company's supply chain? Diversity is critical to mitigating risk
Develop early warning indicators - each with a plan of action if it appears it is happening. As you develop your FMEA you will likely identify a bunch of interruption scenarios along with probability and severity ratings. You will then want to work diligently on the scenarios with the highest likelihood with very severe outcomes. But, it is not good enough to just know them. You then have to determine what the indicators you will begin to look at to determine if something is going to happen. How can you monitor the global situation and determine the likelihood of an event?
For example, on tariffs, this was a topic of the election and the US is doing pretty much what it said it would do during the election. This was a red flag. While you would never have known for certain what you did know is the "likelihood" of supply chain disruptions due to tariffs increased dramatically on January 20, 2017. Was it enough to change everything that day? Probably not. Was it a good time to pull out your disruption FMEA's off the shelf and update them? Absolutely.
In conclusion, I am not sure the tariff situation has taught us anything new but what it has done is reinforced what we already knew and brought it to reality. This was not a "Blackswan" event. This was all within the realm of probability knowing what was being discussed.
Time to get back to the basics. Conduct FMEA, execute scenario planning and manage your portfolio.
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Source: Comodo
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