With the coronavirus tearing through the world, most of us are doing our best to avoid being infected. According to medical professionals, the best way to do this is to practice self-isolation and social distancing coupled with thorough and frequent hand washing with soap and water or an alcohol-based sanitizer.

While this has been found to help flatten the curve, the increased hand washing is resulting in dry, itchy, and irritated hands. According to Shari Marcbein, a brand certified dermatologist and clinical assistant professor of dermatology at NYU School of Medicine, the excessive hand washing strips the skin of healthy fats and oils known as sebum, and that dehydrates the skin.

Additionally, 10% of the U.S. population, around 38 million Americans, suffer from eczema, according to the National Eczema Association. This is a medical condition that results in itchy, inflamed, and cracked skin, and it makes washing your hands with soap or an alcoholic sanitizer an absolute nightmare.

That’s where CBD comes in. Sanitizing is necessary to beat the virus, so finding ways to soothe your hands afterward is crucial. As Joshua Zeichner, director of cosmetic and clinical research in dermatology at Mount Sinai Hospital says, “It is important to treat these rashes because, in addition to being itchy, inflamed or raw, the skin is at risk of developing an infection.”

Cannabidiol is a natural medicine with a diverse range of medical applications. It is a potent anti-inflammatory which makes it quite effective against eczema. On top of that, it soothes, moisturizes, and nourishes the skin, allowing it to recover from frequent and abrasive hand washing.

“There are receptors in the skin that interact with cannabinoids that could reduce the symptoms and appearance of atopic dermatitis. These effects happen through a constellation of interactions between phytocannabinoids and our endogenous cannabinoid system (ECS),” says the National Eczema Association.

The ECS is a peripheral nervous system that helps regulate processes like mood, memory, pain, appetite, stress, and immune function, all of which determine the internal balance or homeostasis of the body. “CBD interacts with this system and may help the skin re-establish or maintain homeostasis, the result, in this case, being a reduction in symptoms associated with eczema,” says Mary’s Nutritionals’ Chief Scientist, Jeremy Riggle, Ph.D.

Cornbread Hemp, a Kentucky based CBD company has seen great success with its CBD skin lotion, especially once the virus broke out. The full spectrum CBD lotion works great against chapped and dry hands, and more people are using it to help moisturize and nourish their hands.

With experts saying that the virus might stick around for almost two years, we may see increased CBD lotion sales as people try to keep their hands clean and healthy.

Analysts believe that the cannabis industry, including Round Meadow Holdings Corp. and The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF), is pleased that there is a silver lining to this pandemic that has adversely affected the sector and other industries.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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The coronavirus crisis has dealt the world such a massive economic blow that it will take years for it to recover. Millions of people are already out of a job, and experts say that half of the global workforce, 1.6 billion people, are in danger of losing their livelihoods. Understandably, governments are scrambling to find ways to boost their economies.

For some, this has led to talks of legalizing marijuana. One of the biggest arguments for legalizing marijuana has been to earn tax revenue, with states like Colorado that have thriving legal cannabis programs earning big bucks. Governor Albert Bryan Jr. of the U.S. Virgin Islands (USVI), who has long been a proponent for legalizing cannabis, has also gone this route.

He plans on sending a revised marijuana legalization bill to the legislature in hopes that it will be passed in time to generate much-needed tax revenue. With coronavirus measures in place, commerce has all but slowed down, greatly reducing the amount of tax revenue governments are subject to receive. However, cannabis is considered essential, and shops would be able to continue operations during the lockdown.

“We have taken the time to gather further public input as well as address the concerns of the individual legislators. As the economic disaster the last few weeks has affected GERS (Government Employees Retirement System) greatly, it is our hope that we can have a greater sense of exigency in implementing all the things that can help us regain solvency,” he said during an update on the coronavirus crisis.

“Once again, it is not the panacea, but certainly cutting the annuity of retirees by 30% cannot be the path either.”

The territory’s government retirement program for public sector retirees had been in trouble even before the coronavirus outbreak. Governor Bryan had proposed legalizing marijuana to help fund GERS through tax revenue from cannabis sales. However, several legislators voiced their opposition, stating that the tax revenue earned from a legal cannabis program wouldn’t be enough to fund the retirement program.

The proposal would amend the territory’s medical marijuana law to allow adults 21 and older to purchase and cultivate marijuana. The government estimates an annual tax revenue of over $20 million, with marijuana being taxed at 30%. 85% of the funds would be used to fund the government retirement system, 20% to fund senior citizen initiatives and 5% to fund the territory’s Office of Cannabis Regulations.

It would be interesting to hear what sector players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) think about the chances of a legal marijuana market being up and running in the U.S. Virgin Islands in time to rescue the economy from the effects of COVID-19.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Last December, New Jersey lawmakers approved a resolution that would put a referendum on legalizing marijuana on the state’s 2020 ballot. A select group of lawmakers, advocates as well as Gov. Phil Murphy has been hoping to pass the marijuana legalization measure last year, but disagreements over the specifics of the bill made it impossible.

With the decision to legalize marijuana to be put on a referendum, they were hoping voters would vote in favor of legalization. “We’re optimistic that next November New Jersey voters will replace an eight-decade long policy disaster with a far more sensible approach to marijuana,” Karen O’Keefe, state policies director for the Marijuana Policy Project said at the time.

A survey by Monmouth University has found that their hopes may not be unfounded. 704 registered voters were interviewed from April 16 to 19, and a majority of them were in favor of marijuana legalization. 61% of the respondents said they would vote in support of the proposal, while 34% said they would vote against it.

On the political front, 74% of the Democrats, 74% of the independents, and 40% of the Republicans said they would vote in favor of the legalization measure in the referendum.

78% of those aged 18-34, 62% of those between 35-54 and 48% of those 55 and older supported the legalization measure. When the voters were asked about allowing individuals 21 and older to possess small amounts of cannabis, 64% were in support of it while 32% were against it.

Additionally, 48% of the New Jersey residents stated that it would be a good idea to let adults purchase cannabis from a licensed store as opposed to the black market. 38% said it was a bad idea, while 22% said they didn’t have an opinion on the matter.

“Support for the marijuana ballot measure is widespread in part because many who have no opinion on whether legalization is a good idea figure they might as well vote for it,” explains Patrick Murray, director of the Monmouth University Polling Institute.

The survey also found that six in ten New Jersey voters (62%) believe that legalizing marijuana is good for the economy. 10% say legalization will hurt the economy and 21% believe it would have no impact either way.

However, 27% of the respondents believe legalizing marijuana would lead to an increase in other drug-related crimes while 22% believe it will lead to a decrease in other drug crimes instead. 46% say legalization won’t have an effect either way.

Experts are of the view that support for the referendum may grow as campaigners get to work to marshal further support among the voters. It would be interesting to pick the brains of established companies like Round Meadow Holdings Corp. and The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) on what they think the prospects of legalization on voting day are.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Perception has arguably been one of marijuana’s biggest foes. Ever since it was prohibited decades ago, there has been a negative perception to it. Federally, cannabis is still classified as a controlled substance, and that has also shaped its image in the eyes of the public. However, in the recent years, the plant has become more accepted, culminating in a number of states launching medical and recreational cannabis programs to great success.

A recent poll by YouGov found that a large majority of the American public believes that recreational cannabis legalization has been a success. YouGov surveyed more than 27,000 adults, asking them whether they thought the recreational cannabis legalization laws had been ‘a success or failure.’

55% of the people polled said that regulated recreational marijuana markets were a complete success or more of a success than a failure. 13% thought the regulated markets were more of a failure than success, while just 6% said they were total failures. 26% of the respondents said they didn’t know.

The respondents’ views were also shaped by their political beliefs. 67% of the Democrats said that marijuana legalization had been successful or mostly successful, while 10% believed the legalization programs were failures. 41% of the Republicans said they thought the regulated markets were a success, compared to the 34% who believed they were a failure.

54% of the independents believed legalization was a success, while 27% said it was a failure.

Based on age, 23% of the respondents who were 18-24 years old, said they thought marijuana legalization laws were a success. 24% of those 25-34, 17% of those 45-54 and 13% of those 50 plus were also of the same opinion. In general, at least 32% of each age group believed legalization measures had been a success, compared to the 8% who didn’t.

The 55 and older group took the lead in age groups that didn’t believe marijuana legalization was successful, with 17% of them saying the laws were more of a failure than a success. They were joined by 12% of the 18-24 year olds, 10% of the 25-34 year olds, 9% of the 35-44 year olds and 12% of those 45-54 years old.

Based on gender, the poll found that 22% of men and 17% of women thought marijuana legalization was a success, while 35% of both men and women said they were more of a success than a failure. On the other hand, 15% of men and 12% of women said the legalization measures were a failure.

Analysts believe these poll findings will provide some fodder for marijuana companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) as they plan how to appeal to those different demographics.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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2020 hasn’t been kind to the economy. Last month saw the biggest fall in U.S. stocks since 1987, and analysts insist that the country is almost certainly headed toward a recession. However, one industry that has been able to weather the storm is cannabis.

With most industries shut as part of the coronavirus response, cannabis was lucky enough to be deemed essential. In fact, experts have stated that the sector may even be recession-proof. For investors looking for safer stock options, cannabis, especially medical marijuana, poses an attractive option. Here’s why:

Medical marijuana is essential, and cannabis dispensaries are still allowed to conduct business during the lockdown, provided they exercise caution. States that allow marijuana have even taken extra steps to ensure the sector keeps running as safely and smoothly as possible, such as allowing curbside pickups and home deliveries. Some governors have excluded recreational marijuana from this category, though.

With over 200 million medical marijuana patients in the country, the industry will be sure of steady demand. And with fears of looming drug shortages, the industry may see an influx of even more patients. Philadelphia, for instance, is seeing a surge of new patients, with doctors at the Sanctuary Wellness Institute Fielding approximately 300 calls daily from prospective patients.

Medical marijuana is legal in more territories. Cannabis has admittedly come far from the days of prohibition, but there’s still a long way to go. In the U.S., 30 states permit medical marijuana while only 11 allow recreational marijuana. And apart from Canada and Uruguay, no other country has legalized recreational marijuana.

While there are plenty of marijuana legalization campaigns, it will be years before recreational cannabis is legal at the federal level.

Medical marijuana, on the other hand, is a lot more accepted and has a much wider market, making it a safer investment. And with more research into marijuana’s efficacy as an alternative natural medicine are conducted, you can be sure the consumer base will increase.

Medical marijuana stocks are less volatile. High risk, high reward, right? That works in many instances, but in the case of recreational marijuana, the risk is too great. The more scientific data about the efficacy of medical marijuana there is, the greater the confidence in the industry, resulting in sustained long term sales. Look at GW Pharmaceuticals, for instance.

The UK firm manufactures and sells Epidiolex, an FDA approved CBD-based drug that’s used to treat two rare and severe forms of pediatric epilepsy. Even during this volatile period, the company’s stocks have remained relatively stable, compared to recreational marijuana companies.

It would be interesting to hear what sector players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) have to say about the ways through which the long-term prospects of recreational marijuana can be brought in tandem with those of medical cannabis.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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The past few weeks haven’t been easy for most industries, starting as soon as parts of China started locking down to curb the spread of the Coronavirus. It quickly became apparent that a lot of industries rely on China for cheap raw materials, and as factories slowed down manufacturing in the country, most industries were faced with supply chain disruptions.

At the moment, the virus has infected over 1.9 million people and claimed at least 120,000 lives. Governments have been scrambling to flatten the curve, but most of the Coronavirus measures have wreaked havoc on the economy. However, one industry that’s still going despite the pandemic is cannabis. Marijuana dispensaries saw an almost 160% spike in demand, and most states with legal marijuana have deemed the sector essential.

With most cannabis businesses registering increased sales as millions of people file for unemployment and the economy slides into a recession, some have suggested that the industry may be recession-proof. Here are a few trends that say they might be right;

More people see cannabis as a medicine. Cannabis has always gotten a bad rap, with most anti-marijuana proponents arguing that it is a gateway drug. However, the decision by numerous state governments to declare cannabis essential was a game-changer. Among its very many medicinal applications, cannabis works great against stress and anxiety, making it a perfect companion during stressful times such as these.

Solitary consumption has always been a plus for marijuana. Although group sessions can be fun, they aren’t encouraged due to the Coronavirus pandemic, and marijuana lends itself beautifully to home consumption. Alcohol tends to be a social drug, and there have been a few cases of people meeting up for a pint despite the lockdown.

It doesn’t require a complex supply chain. Sure, companies that make vapes may rely on China for certain parts, but the marijuana itself is homegrown. And seeing as the virus attacks the respiratory system, you shouldn’t be smoking anyway. Most cannabis businesses that don’t rely on vape sales still have most of their supply chains intact, allowing them to keep operating during the lockdown.

Cannabis delivery services have experienced an upsurge of over 85% in demand the past few weeks. States such as Maine and Illinois have approved home delivery of marijuana as a way of reducing contact between employees and customers. With most people stuck at home, any business that can deliver will have an advantage over one that can’t.

Drug use often increases during times of financial difficulty. In fact, there is a long history of alcohol enjoying healthy sales while other industries declined, and cannabis seems to have joined this elite club. And while alcohol barely has any medical benefits, cannabis does, and it is a lot safer than alcohol. Its ability to reduce stress and anxiety makes it an invaluable companion to people looking for a safe drug to help them get through the pandemic.

Experts believe that cannabis industry actors like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) are seeing how they can pivot their strategies to take advantage of these emerging trends.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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