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Cannabis News Monday, May 14 Medical marijuana, Medicinal cannabis, Cannabis & more…

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What’s new?

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Louisiana to Expand Medical Marijuana Coverage Launching this Summer

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  • The Louisiana Senate has voted to expand the list of conditions that qualify a patient to use medicinal cannabis.
  • The Senate passed two measures adding additional serious medical conditions that qualify a patient for the program on Wednesday.
  • MMJ Law Passed in 2016 – The State of Louisiana first passed medical marijuana legislation back in 1978.
  • So in 2016, lawmakers set out to rectify thesituationand That law authorizes patients with at least one specificdebilitating medical condition access to medicalmarijuana.
  • The Lousiana medical marijuana program only allows for the use CBD oil products including pills and topicals.

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Aurora buys MedReleaf and becomes largest cannabis company in the world

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  • Aurora Cannabis, one of Canadas largest licensed weed producers has scooped up rival cannabis producer MedReleaf in a $3.2 billion all-stock deal that sets the stage for Aurora to become the worlds biggest legal weed producer.
  • Combined, Aurora and MedReleaf have the funded capacity to produce 570,000 kg per year of cannabis through nine facilities in Canada and two in Denmark, far surpassing the likes of Canopy Growth Corporation, the countrys biggest weed producer which is currently licensed to produce 31,000 kg of weed and weed-related…
  • This transaction, upon completion, will make Aurora the largest cannabis company in the world by funded capacity, market capitalization and revenue, Cam Battley, Auroras Chief Corporate Officer told VICE Money.
  • Of all the companies in the sector, these are the two that most belong together because of high production efficiency and superior technology, Battley said.
  • MedReleaf was founded on the belief that by striving to be the Medical Grade Standard and bringing the highest level of quality and rigor to the cannabis industry, we would produce safe, consistent, and effective products that help improve the quality of life of our patients, MedReleaf CEO Neil Closner…

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Aurora buys MedReleaf to cement status as world’s biggest cannabis company

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  • Aurora Cannabis will buy medicalmarijuana firm MedReleaf for $3.2 billion instock, cementing the company’s status as the biggest company in the fast-growing cannabis space.
  • The deal will see Aurora, which was valued at $4.5 billion on Friday, offer MedReleafshareholders 3.575 shares in Aurora in exchange for everyshare in MedReleafthat they hand over.
  • At current market prices, that places the value ofMedReleafat $29.44 per share or$3.2 billion in total an 18 per cent premium to where the company was valued on Friday.
  • If and when shareholders give their OK,the combined companywouldhave nine facilities in Canada and two in Denmark, enough to produce570,000 kilograms ofcannabis per year.
  • This is a transformational transaction that brings together two pioneering cannabis companies, both committed to high technology, high quality and low cost production, to create a powerful platform for accelerated growth and success on a global scale, Aurora’s CEO Terry Booth said of the deal.

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Scientists create ‘Am I Stoned’ app to test sobriety of cannabis users

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  • The app, which has been supported by the National Institute on Drug Abuse Grant, provides users with a series of tasks to test the impact of cannabis use on memory, reaction time and attention span.
  • Pabon and de Wit decided to try the app out on people who regularly use cannabis in order to examine its impact in a nonlaboratory setting.
  • After two and three hours, the participants then partook in a series of tasks, both on a computer and on an iPhone.
  • Pabon and de Wit found that the performance of the individuals who had consumed the pills containing THC was impaired for three out of the four computer tasks and one of the iPhone tasks.
  • Pabon and de Wit stated in their research that the 24 participants of the study were aware of the quality of their performances during the computer and iPhone tasks.

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Should I grow my own weed at home? Here’s what you need to know

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  • The Canadian government, which is likely to legalize cannabis nationwide this summer, said it planned to allow home grows of up to four marijuana plants, which might yield 5lb in a year to an experienced grower, and is certainly consumable by an experienced smoker.
  • Cannabis is a sexed plant; the drug is the flower from the female.
  • For the home grower, this matters much less, and Graf says it helps someone develop their appreciation for the plant.
  • With strong weed no longer hard to find, home growing is a chance for connoisseurs to grow for CBD, a chemical commonly associated with the plants medicinal properties, or for a plants terpene profile (bouquet).
  • Instead, the state will allow possession and home growing, up to six plants, including two flowered females.

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