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Vireo Health Sells Equity in Pennsylvania Medical Solutions to Jushi Inc.

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MINNEAPOLIS – Vireo Health International, Inc. (“Vireo” or the “Company”) (CNSX: VREO; OTCQX: VREOF), the science-focused, multi-state cannabis company with active operations in exclusively medical-only markets and licenses in nine states and the Commonwealth of Puerto Rico, today announced that it has reached a definitive agreement with Jushi Inc, a subsidiary of Jushi Holdings, Inc. (“Jushi”) (CSE: JUSH) (OTCQX: JUSHF), to divest equity in its subsidiary company, Pennsylvania Medical Solutions, LLC (“PAMS”), for total consideration of $37 million. The transaction is subject to regulatory approvals.

Pennsylvania Medical Solutions holds a permit for the cultivation and processing of medical cannabis in the state of Pennsylvania. This permit was initially awarded to PAMS through a merit-based application process in 2017. Based in Scranton, PAMS manufactures cannabis-based products in a 90,000 square foot co-located cultivation and processing facility, which recently underwent a significant capacity expansion project in order to meet increasing demand within Pennsylvania’s burgeoning medical cannabis market.

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“This transaction secures Vireo’s capital position for the foreseeable future and will enable us to comfortably execute our fiscal year 2020 operating strategy and begin generating positive cash flow in the first half of next year without requiring any additional capital infusions,” said Founder & Chief Executive Officer, Kyle Kingsley, M.D. “We’re especially pleased to achieve this milestone for shareholders without the dilutive impacts of other forms of financing, and we’re also very excited about the opportunities in front of us to re-invest a portion of these proceeds to increase scale in select markets where we see significant opportunities to improve revenue growth and future cash flow generation.”

The transaction’s total consideration of $37 million includes $16.3 million in cash, $3.8 million in the form of a four-year note with an 8 percent coupon rate payable quarterly and $17 million in Right of Use liabilities associated with long-term lease obligations. The transaction also includes an 18-month option for Jushi to purchase equity in another Vireo Health subsidiary, Pennsylvania Dispensary Solutions, LLC, for an additional $5 million in cash.

Vireo management expects to utilize a portion of the transaction proceeds for capital expenditures that will increase scale in its core markets of New York, Minnesota, Maryland, Arizona, and New Mexico. These development projects are expected to significantly improve the Company’s near-term revenue and profitability outlook, and management anticipates discussing these development projects and other impacts of this transaction in more detail during the Company’s upcoming second-quarter earnings conference call in late August.


About Vireo Health International, Inc.
Vireo Health International, Inc. is a physician-led cannabis company focused on building long-term, sustainable value by bringing the best of medicine, science, and engineering to the cannabis industry. With operations strategically located in early-stage, limited-license medical markets, Vireo manufactures pharmaceutical-grade cannabis products in environmentally-friendly greenhouses and distributes its products through its growing network of Green Goods retail dispensaries and hundreds of third-party locations. Its current core medical markets of New York, Minnesota, Pennsylvania, Arizona, New Mexico, and Maryland all have the potential to enact adult-use legalization in the next three to 24 months, and two additional markets in Puerto Rico and Massachusetts also have potential for commercialization. Combined with its teams’ focus on driving scientific innovation within the industry and securing meaningful intellectual property, Vireo believes it is well positioned to become a global market leader in the cannabis industry. Today, eight of its 10 markets are operational with 13 of its 32 total retail dispensary licenses open for business. For more information about the company, please visit www.vireohealth.com.

About Jushi Holdings Inc.
Jushi Holdings, Inc. is a globally focused cannabis and hemp company led by an industry leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information please visit www.jushico.com or the Company’s social media channels on Instagram, Facebook, Twitter and LinkedIn.

Source: https://mgretailer.com/press-releases/vireo-health-sells-equity-in-pennsylvania-medical-solutions-to-jushi-inc/

Cannabis

CBN Yourself to Sleep Tonight with These Products

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Medical cannabis offers benefits for many different ailments, and one of the predominant ones in medical literature is connected to sleep. Which part of the plant is responsible for this? It looks like cannabinoid CBN might be partially responsible, at least in conjunction with other elements of the plant. CBN sleep products are already becoming quite popular.

Delta-8 THC is a great reminder that not all THCs are created equally. Whereas delta-9 THC is known for causing anxiety in some users, and leading to couch-locking effects, delta-8 does neither of these things. This provides a better option for those disenfranchised with the anxiety and heaviness of delta-9. If you’re looking to switch up your THC, give our collection of Delta-8 THC deals a look-thru, and we’ll ship you out your products ASAP.

What is CBN?

We’re all pretty aware of what the cannabis plant is at this point. We’re all pretty aware, whether we agree with the statements or not, that there is a growing body of medical research in support of the positive benefits of marijuana for a number of different medical issues, as well as for recreational purposes. By now, most of us are even aware that the US designates higher-THC cannabis as marijuana, and lower-THC cannabis as hemp, with a cutoff line at .3% THC to make the designation.

When looking into the plant closer, we can designate different effects of the plant to different molecules like THC, CBD, and limonene. We know there are cannabinoids, terpenes, flavonoids, and other plant constituents, some of which are useful, and some of which we aren’t as concerned with. THC, of course, is the main psychoactive component, with a Schedule I spot in the Controlled Substances list of the US, while also being in Schedule I of both the Single Convention on Narcotic Drugs, and the Convention on Psychotropic Substances.

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THC isn’t the only psychoactive compound though. Not only does delta-9 THC oxidize to form another version of THC called delta-8, but there are other cannabinoids – albeit showing up in very small quantities – that also have psychoactive properties, and one of these is CBN, or cannabinol.

CBN was the first cannabinoid of the cannabis plant to be isolated, and technically way before any other cannabinoid. In 1899 Thomas Wood, W.T. Spivey and Thomas Easterfield obtained the molecule from a sample of charas, which is a form of cannabis resin. They used alcohol to extract from the charas, and then ran the tincture through a fractional distillation process to produce a viscous oil. From here, they performed the chemical reaction acetylation to discover CBN. In the 1930’s, Robert S. Cahn was the first person to figure out its structure – giving it the name cannabinol, with the first synthesis done in the early 1940s by Roger Adams.

researchers putting it at 4/10 the strength, and the compound prefers CB2 receptors to CB1 receptors in the brain. While both THC and CBN activate the CB1 and CB2 receptors, there is a fundamental difference between the cannabinoids.

CBN vs delta THCs

CBN and tetrahydrocannabinols (THC) both activate CB receptors in the brain, both have pscyhaoactive effects, and are both cannabinoids. But there is a fundamental difference which comes down to structure. The thing that delta-8, delta-9, and delta-10 THCs all have in common is that they have the same chemical structure of C21H30O2. They are isomers of each other because this chemical structure stays the same, with the only variation being in the placement of a double carbon bond. In delta-8 THC its on the 8th carbon atom in the chain, for delta-9 on the 9th, and for delta-10 on the 10th.

On the other hand, CBN has this chemical structure: C21H26O2, which is different than tetrahydrocannabinols. Unlike tetrahydrocannabinols which are isomers of each other, CBN has no stereoisomers or geometric isomers, meaning it doesn’t share its chemical structure with another molecule that has the same number of atoms of each element, but different configurations. So, whereas several different tetrahydrocannabinols have been found, only one CBN exists.

CBN isn’t specifically listed in the Single Convention on Narcotic Drugs, or the Convention on Psychotropic Substances, like THC is. This means that all signing countries of these conventions are not bound by international law to regulate CBN. This is in direct contrast to THC which is listed in both treaties. In the US, CBN is illegal under federal law just like THC. This covers its use medically as well as for use in food products or as additives. CBN is not specifically named in the DEA Controlled Substances list, but it remains a Schedule I controlled substance.

The sale of CBN products, and having possession of them is prosecutable by the Federal Analogue Act. CBN is an analogue of THC because the chemical structure is nearly the same, with also very similar pharmacological and medical properties. This is a debatable point as no clarification has been made about CBN in the Interim Final Rule by the DEA, or the Final Rule by the USDA.

CBN and sleep

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The first thing to understand when looking into CBN sleep products, is that cannabinol has not been studied intensely. Though its easy to believe that claims about it have merit since we know cannabis is associated with lots of medical benefits, the jury is most definitely still out as to the exact effects of CBN. However, one of the most spoken about benefits of CBN, is for sleep. This, unfortunately has not really been medically verified, and requires more study.

In fact, two of the only studies that point in the direction of CBN being useful for sleep have to do with a combination of THC and CBN. In this 1975 study Effects of delta9-tetrahydrocannabinol and cannabinol in man, there was found a possible synergistic effect with delta-9 THC in five men. The study investigators made this statement about delta-9 and CBN being used in tandem:

“With combined drug treatment, volunteers reported feeling more drugged, drunk, dizzy, and drowsy than under the delta9-THC condition alone… It appears that CBN increases the effect of delta9-THC on some aspects of physiological and psychological processes, but that these effects are small and cannot account for the greater potency which has been reported when plant material is used.”

This other study: Pharmacologic interaction between cannabinol and delta9-tetrahydrocannabinol from 1975 also looked at the interaction between delta-9 and CBN in mice, rats and rabbits. It found CBN to be less potent than delta-9, but otherwise mimicking delta-9 effects. According to the study authors: “When the mixture delta9-THC + CBN was used, a synergistic effect occurred on most of the depressant effects.”

Apart from this, there haven’t been other studies that specifically identify CBN as a sleep agent. The thing is, when looking at overall cannabis research, there are often tons of contradicting study articles, with information gained over time that better elucidates what starts off as confusing and inconsistent. So ruling out CBN is also just as silly at this point. There does seem to be plenty of anecdotal evidence backing up this property…which is also the way cannabis as a medicine started to become big – through personal experiences being shared. These reddit posts exemplify that people do seem to be getting a sedative effect (although whether these are paid-for posts, or confused users can’t be said).

CBN sleep products

In the tradition of waiting for more information before making judgements, and in trying new products to see what can work, here are some of the CBN products on the market that can be tried for help with sleep. All of these options are combinations including CBN.

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Gossamer puts out Dusk, a cannabinoid sleep aid with a variety of ingredients in each one-ounce bottle, like 300mg of full spectrum CBD, CBN in high levels, and terpenes: Myrcene, B-Caryophyllene, Linalool, and Citral. This product is sourced from pesticide and GMO-free hemp, and costs $65 ($58.50 with subscription).

Another option is Dr. Dabbs Everyday CBD Premium Nighttime CBD Gummy’s with 300mg of CBD and 30mg of CBN. This product is sourced from 100% USDA certified organic hemp, comes in a delicious blue-raspberry flavor, and contains 30 gummies in a package. Each package costs $65.

Yet another possibility includes delta-8 THC, an isomer of delta-9, which has already been shown to help with sleep, as well as anxiety. Whereas delta-9 can produce anxiety in users, delta-8 is not known for this. The company VIIA Premium Hemp Products puts out its Delta 8 + CBN – Sleep Vape Cartridge. This sleep-inducing combination contains a total of 1,000mg of cannabis constituents in this breakdown: 500mg delta-8 THC, 250mg CBN, 200mg of CBC, CBG, and CBD, with 50mg in terpenes. Each one-gram cart costs $40.

CBN Sleep Products – Conclusion

It’s hard to know the exact effects of CBN because it’s way too early in the research cycle to say. But, as mentioned, that doesn’t rule anything out, and sometimes the best way of figuring out which part of a plant like cannabis is good for what, is to just give different things a try. After all, not every product works the same way for everyone, and it takes time to figure these things out. So it doesn’t make sense at this point to rule out CBN sleep products at all. Especially when combined with other cannabinoids and terpenes. We’ll know way more about it in the next few years, no doubt.

Hello! You’ve made it to CBDtesters.co, your #1 spot for the best cannabis-related news globally. Take a read-thru of the site every day to stay abreast of the ever-exciting world of legal cannabis, and sign up to receive our newsletter, so you never miss a thing.

Resources

Cannabinoids 101 – Spotlight on CBN (Cannabinol)
A Complete Guide To CBN Isolate (Cannabinol) The Delta 8 Weekly Newsletter (All you need to know about Delta 8 thc), the Best Delta 8 THC Deals and the Best Delta-10 THC deals CBG, CBN & CBC: Benefits of the Lesser Known Cannabinoids
Health Benefits Of CBN (Cannabinol) Reportedly ‘Numerous’ The Question of Delta-8: Recreational or Medicinal?
Eat It Up: The Best Delta-8 THC Edibles on the Market

DisclaimerHi, I’m a researcher and writer. I’m not a doctor, lawyer, or businessperson. All information in my articles is sourced and referenced, and all opinions stated are mine. I am not giving anyone advise, and though I am more than happy to discuss topics, should someone have a further question or concern, they should seek guidance from a relevant professional.

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Source: https://cbdtesters.co/2021/06/13/cbn-yourself-to-sleep-tonight-with-these-products/

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Conservative Cannabis: Legalization Gaining Republican Support

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These days Americans are more divided than ever: republican vs democrat, conservative vs liberal, different views on healthcare and pandemic response, and numerous other economic and social issues prevail – there is one thing that nearly everyone seems to agree on though, cannabis legalization.

It’s a commonly held assumption that democrats favor cannabis (to an extent) and conservative republicans don’t, and traditionally that’s been true. But ballot initiates in numerous different red states show that republicans and independent conservatives are coming around on legalization issues. It’s one of the few topics that seems to garner support across the board, regardless of which side of the political line you’re looking at.

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“The prevailing wisdom has been that a conservative administration would be less receptive, but I think cannabis legalization is now inevitable on its own kinetic energy,” said Sturges Karban, chief executive officer of cannabis logistics company ManifestSeven. “While federal legalization was a political ‘third rail’ as recently as 2016, it now looks as though 2021 will be a turning point for the industry.”

The world of cannabis is always evolving, especially when it comes to regulations. To learn more about cannabis legislation, make sure to subscribe to The CBD Flowers Weekly Newsletter, where you will get all the latest news as well as access to exclusive deals on flowers and other products.


“People are just much less afraid of marijuana”

This year, we have a lot of action in unexpected states. With cannabis use becoming increasingly prevalent around the world, especially following all the changes brought on by COVID-19, it seems that new legislation at the federal level is inevitable. There are quite a few republican states that already have very lax rules regarding cannabis, and some numerous swing states that have legalized it completely.

Currently, 16 states and Washington D.C. have fully legalized adult-use cannabis, 37 states have implemented some type of medical cannabis program, and 46 states have “decriminalized” cannabis to some extent. A survey of 500 New Jersey voters, conducted by legal firm Branch Eichler LLC, found that a higher-than-expected number of republicans support adult-use cannabis – 75% of democrats and 52% of republicans.

“People are just much less afraid of marijuana than they used to be,” said John Fanburg, who co-chairs the cannabis practice at the New Jersey-based law firm that conducted the poll. He attributes that to the state’s “successful medical program, which has grown from 20,000 participants three years ago to 90,000, removing the stigma of marijuana for thousands of people on both sides of the political aisle.”

Red States Considering Cannabis

Conservative states have been a bit slower to adapt to the changing times, however, there seems to be a major shift in viewpoints over the last few months with numerous cannabis-related bills being introduced in these areas. One of the most notable being Texas. Within the last month, the Texas senate approved several bills for cannabis decriminalization, as well as to expand the existing medical industry, lower the penalty on THC concentrates, and to force the study of psychedelics.

Last month, Tennessee Governor Bill Lee passed a limited medical cannabis bill that would raise the cutoff for THC in hemp products to 0.9%, three times higher than the federal limit. Also, a handful of new disorders would be added to the state’s list of qualifying medical conditions for cannabis use. Louisiana just passed House Bill 391 which will allow dispensaries to sell smokable flower products, while allowing patients to buy up to 2.5 ounces every 14 days.

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Last month, Governor Kay Ivey officially signed into law the medical marijuana bill that we’ve been tracking, making Alabama the 37th state in the U.S. to legalize medical cannabis; and there have also been notable changes in Wyoming, Idaho, Mississippi, and Kansas.

“The conservative states are empirical evidence that there’s enough demand and support at the grassroots level that the issue of cannabis is agnostic to party,” Karban said. “How do you ignore that if you’re in Washington? As bipartisan support for legalization grows in states across the country, there’s increased likelihood of change at the federal level, too.”

What’s up with Biden?

Although blue is known for being the “forward-thinking” party, with most democratic politicians showing some level of support for fair marijuana reform, our current president doesn’t have the best track-record when it comes to cannabis legislation and the subsequent social equity issues that come par for the course with drug prohibition. In the 1980s, Biden was actually very committed to the war on drugs, with a heavy focus on cannabis, helping draft numerous pieces of legislation that would keep low-level, non-violent drug offenders incarcerated for years to come.

As of 2010, his opinions hadn’t changed much and he can be quoted saying, “There’s a difference between sending someone to jail for a few ounces [of marijuana] and legalizing. The punishment should fit the crime. But I think legalization is a mistake. I still believe [marijuana] is a gateway drug.” So far, that’s roughly 30 years of Biden against cannabis.

Fast forward another decade and Joe Biden is the 46th president of the United States, during a time when cannabis legalization is an incredibly polarizing topic on many fronts: economic, social, and health institutions all have a major stake in the industry. At the very least it seems Biden has accepted that cannabis legalization is inevitable, and even mentioned that he thinks “it is at the point where it has to be, basically, legalized.”

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However, he maintains his stance in favor of decriminalization over full legalization. But as we already know from watching the many states that have tried it already, decriminalization is a completely pointless step in between prohibition and legalization that allows for too much “interpretation” of the law.

In his latest move. In March of this year, at least five members of the Biden administration had their employment terminated, and dozen more were forced to “resign” for admitting to past marijuana use. This is move is right on the heels of an announcement made just one month prior, in February, in which the Biden Administration stated that past marijuana use would not disqualify someone from employment with the federal government.

Final Thoughts of Cannabis in Conservative States

Note that I’m a moderate, sometimes I align with conservative ideals and sometimes I lean liberal, so this is NOT an attempt to push people towards a republican vote. On the contrary, this shows that even in a world meant to divide us, there are still some topics that have the power to bring people together. When it comes to cannabis legalization, the overwhelming majority of Americans are tired of prohibition and ready for progress.

I can personally attest to this. Having been raised blue California where cannabis has been legal in some fashion since the 90s, and currently living in Indiana, one of the most cannabis-restrictive states in the nation – everyone I have met so far in both states support legalization. Either they consume cannabis products themselves, or they just don’t care if other people do.

The attitude toward cannabis these days is much more laissez-faire, and rightfully so. At its worst, cannabis a harmless substance that induces a mild psychoactive high. At its best, we have a powerful, therapeutic plant that can be used to treat a myriad of different conditions, greatly improving ones quality of life. To legalize seems like the only logical option at this point, regardless of what political party one supports.

Hi there. You’ve arrived at CBDtesters.co, your best location for the most relevant cannabis-related news worldwide. Come by daily to stay on top of the exciting world of legal marijuana, and sign up to get our newsletter, so you’re always up to speed.

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Source: https://cbdtesters.co/2021/06/13/conservative-cannabis-legalization-gaining-republican-support/

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How to make cannabutter

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The easiest way to decarboxylate cannabis is to crumble your weed into the consistency of granola, spread it evenly on a cookie sheet pan and bake it in the oven for 30 minutes at about 250 degrees. Shuffle the contents around every ten minutes or so to maintain an even surface area. Some people like to use a piece of parchment paper. If you have a notoriously hot oven then compensate by lowering the temperature by a few degrees. The important thing is to take care not to overheat the herb as its valuable chemical compounds can be damaged.

Remove the baking sheet from the oven and set aside to cool. Note that the cannabis will have turned from green to brown. Be careful. The herb will be hot and the consistency will be more crumbly. Your previously benign cannabis is now decarboxylated, which means that it may now possess potent potential psychoactivity, depending on the strain’s THC content. 

Alternatively, especially for those that make regular large quantities of edibles, there are commercial decarboxylators available.

You can use high grade THC-dominant buds for this process or high-CBD strains, but some people prefer to use plant trimmings following harvest, otherwise known as “shake”, which can still contain significant active ingredients. The potency of your decarboxylated cannabis is directly proportional to the potential chemical content of the particular cultivar you are working with ie. the ratio of CBD to THC.

A word of caution: if you buy your weed from anywhere other than a government regulated source, then take care to avoid product that has been grown using harmful pesticides and chemical residues that can end up in your butter. The better quality the herb, the better quality the cannabis butter.

Note that some people prefer to skip the decarboxylation stage altogether and just heat their weed in butter for longer to activate the chemical compounds, but it typically results in less potent cannabutter.

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Source: https://americanmarijuana.org/cannabutter/

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Five CBD Review

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CBD Oil

Using that 5:1 CBD to minor cannabinoids ratio, FIVE’s CBD oils truly provide you with a unique experience. These extracts can be purchased in three different strengths (1500mg, 3000mg, and 6000mg) – each of which is a much higher strength than standard. This not only ensures that you’ll feel the high-quality effects with each dose but it may also provide you with a relief you won’t find from other tinctures.

Currently, FIVE CBD offers their oils in three different flavors: Citrus, Mint Chocolate, and Lavender. You can get yourself a bottle for $49.99 (1500mg), $89.99 (3000mg), and $174.99 (6000mg). Admittedly, newcomers may find the high-potency of these products a bit overwhelming. If you’re new to CBD, we suggest their 1500mg tincture and to start off with about half a dose to see how cannabidiol makes you feel.

Use code AMMA for 25% off:

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Source: https://americanmarijuana.org/five-cbd-review/

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