Marijuana Saving the US Economy, Again

The United States of America has a deep and rich history of using cannabis for the manufacturing of goods and medicine. It can be dated back to the 1600’s when early settlers brought cannabis to North America to be used as hemp. Hemp was even used in the 1600-1700’s as currency and to pay taxes. I wouldn’t say that cannabis was used exclusively for hemp, but by in large hemp was used for its fibers to make a variety of products.

One of the reasons hemp was, and I can argue still is, so valuable is its accessibility for average farmers to grow and the durability of the fibers itself. The US Navy back in 1797 used hemp for their ships sails, ropes, and a variety of other ship fixtures. And here in lies, the real reason hemp was used and promoted so heavy during the founding of the United States, it was a matter of national security. The United States outfitted its Naval capacity with hemp. Even the founding fathers believed hemp was a matter of National Security; including George Washington and Thomas Jefferson who was recorded writing,”Hemp is of first necessity to the wealth and prosperity of the nation.” Plain and simple hemp was used as an early tool and commodity to get the United States economically independent, but also militarily.

Along the way, the United States went in another direction and restricted the access and distribution to not only hemp, but marijuana.

Fast forward hundreds of years into the future to today’s current day and age. Marijuana and hemp by and large has made a comeback of all comebacks. Largely due to the activists and people who refused to obey a ban on a plant that once was considered a matter of national security.

Today, marijuana is a sector in the United States that is outperforming not only other sectors, but its own historical revenue. Marijuana is not legal in all 50 states, but hemp is. Yet, where marijuana is legal those businesses and consumers are experiencing a boom. Businesses are experiencing more cash revenue and consumers are experiencing the benefits from more cash in the cannabis industry in the form of R&D. Marijuana businesses are beginning to become flushed with cash and that means more money for new products; packaging, machines, and of course man power.

However, with all this growth also comes thirsty eyes in the form of regulations and taxes. Government local, state, and federal are also benefiting from the success of the marijuana industry. With the forced economic shutdown, businesses have shut their doors permanently and that means less tax revenue for government as a whole. Yet, the marijuana industry has been allowed to stay open as a whole and benefit from the increased unemployment and the economic stimulus check. This, as well as, the rule that drugs and alcohol do well during an economic downturn, has lead to increased tax revenue from the marijuana industry.

If I can speculate for a second, if the economy breaks down any further I foresee taxes for cannabis to increase to fill in the gaps where other sectors are failing. I suspect hemp will also see the same rise as marijuana in the area’s of CBD, CBG, and a variety of other cannabinoids. I also see industrial hemp making a comeback as societies look for cheap alternatives to make local goods from easily sourced material, which would be hemp.

-Red Eyed Widow

Terpene: Caryophyllene

Caryophyllene is a spicy terpene that has a wide range of aromatic notes; such as Citrus, Earthy, Pepper, and Spice.

This Terpene is also a primary terpene.

Top Plants Found In:

Bidens Pilosa-730,000ppm

Cloves-495,00ppm

Black Pepper-352,000ppm

Beef Steakmint-167,000

Rosemary-153,00ppm

Top Cannabis Strains Found In:

GSC

Bubba Kush

Sour Diesel

Chemdog

Candyland

“Regulates pain sensations, Anti-inflammatory. The only terpene known to act on the endocannabinoid system, which regulates a variety of physiological processes.”

https://www.encore-labs.com/terpene-identification

A study concluded in 2019 found:

“βCaryophyllene (BCP), a natural bicyclic sesquiterpene, is a selective phytocannabinoid agonist of type 2 receptors (CB2-R). It isn’t psychogenic due to the absence of an affinity to cannabinoid receptor type 1 (CB1). Among the various biological activities, BCP exerts anti-inflammatory action via inhibiting the main inflammatory mediators”

https://www.mdpi.com/2076-3417/9/24/5420/htm

A Caryophyllene’s toxicology report concluded that:

“The no observed adverse effect level was the highest dosage level administered of 700 mg/kg body weight/d for both male and female rats. The study was conducted as part of an investigation to examine the safety of BCP oil for its proposed use in medical food products.”

https://pubmed.ncbi.nlm.nih.gov/27358239/

Something unique about Carophylene:

Caryophyllene is a bigger molecule than terpenes like myrcene and limonene. Caryophyllene’s molecular structure also contains a cyclobutane ring, something rare in nature and not found in any other known cannabis terpene.

https://www.leafly.com/news/science-tech/caryophyllene-terpene

Marijuana Sales Exploding

Marijuana sales are spiking, but what is the cause?

As the United States’ cannabis industry, both medical and recreational, continue to see massive gains with numbers floating from 40%-75% depending on the store. The type of products that are in high demand seem to be Bud as King, established edible brands, vaporizer cartridges, tinctures, and most surprisingly Rick Simpson Oil (RSO). We are living through unprecedented times for marijuana. Marijuana has finally taken back center stage in the economy, where it is legal, and providing relief for a variety of users and symptoms.

With the economic and country wide shut down and continued reaction to Covid-19, has left some people dealing with a host of issues ranging from physical to mental health. The physical health damage I have personally witnessed is extreme toothaches, where people lose all function to concentrate for any given moment. Primarily this is because dentists had been or continue to be closed. For people like this, they have chosen to go the route of RSO, hoping the gel like substance can be put over the area of the tooth and provide relief. On the other-hand, some have opted for the powerful sleep-like body high large doses of RSO can deliver in hopes for pain-relief. However, I would say the large percent of the clients seem to be medicating feelings of loneliness, troubles at home, anxiety, loss of job or economic prospects.

The rise in marijuana sales in states with access, can be attributed to many different factors other than health. One large driven factor is the marijuana industry in most states that are legal have deemed them “essential,” and I would argue that they absolutely are. Since this industry has remained largely open, marijuana stores were able to cash in on the $1200 economic stimulus check sent by the federal government. These stores were also able to cash in on the increased unemployment checks during the stay at home orders.

I would attributed the reasons above as to why the marijuana industry has seen so many gains from earlier on this year, 2020.

If I may speculate for a brief moment.

Since the economic shut down, people have lost their jobs while others have been on unemployment for the better of four months. I am also assuming that largely, gyms have either opened at below capacity or continued to be closed.

Business Insider reports that, “24 Hour Fitness files for bankruptcy and closes over 130 gym locations across the US.”

https://www.businessinsider.com/24-hour-fitness-files-for-bankruptcy-closes-over-130-gyms-2020-6

That could partially mean the population in which those gyms served is no longer exercising at all, further adding to physical and mental health problems.

Another microcosm is the fake NewYorkTimes is reporting that, “A New Covid-19 Crisis: Domestic Abuse Rises Worldwide.”

Link

Where am I getting with all this? Well, all these are signs of an economic downturn in the mindset of a population. Drug and alcohol use goes up, and so does domestic violence. We are in a depression whether temporarily or not. People might be medicating the affects of the shut-down.

I certainly hope for the best.

-Red Eyed Widow

Where Gentlemen Come to Smoke.