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📰🌿CBD Daily News August 5 2019

posted Aug 5, 2019, 6:33 AM by Scott Salisbury   [ updated Aug 5, 2019, 7:02 AM ]

The CBD Store and Maxton Health 10% off 

The CBD Store sells Canbiola 

The CBD Store
HICKSVILLE, NY, Aug. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) (“Canbiola” or the “Company”), a developer, manufacturer, and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, isolate, gel caps, and concentrate announced today the launch of its own Canbiola-branded CBD product dispensing machine. An initial order for the first 25 units has been placed with the installations expected to occur in August and September.


As of July 31, the state has issued licenses for 530 growers spanning 32,222 total acres, along with 380 processor licenses, according to MDARD. Information on where hemp is grown and who processes it is exempt from public records laws. Most operators growing hemp are doing so for CBD products, said Gina Alessandri, MDARD’s Industrial Hemp Program director.  “I think there’s a lot of potential for (hemp) here. We have a great climate for it,” she said.

States are now waiting on federal rules related to hemp cultivation and CBD products, which are expected this fall and should be in place for the 2020 growing season. Once the U.S. Department of Agriculture has approved the state’s hemp plan, “we’d basically move from pilot programs to commercial programs,” Alessandri added. 

Agriculture groups have pointed to hemp as an alternative during the Trump administration’s trade war with China and uncertainty over commodity prices for corn and soybean crops.

Crabill said commodity prices for hemp could range from $20 to $100 per pound, and “conceivably” yield 1,500 to 2,000 pounds per acre. The prospect of up to tens of thousands of dollars per acre for certain uses is a “substantially more profitable crop” than commodities like corn and soybeans, he said.

Lessons learned by Washington state cannabis firms after 5 years of recreational sales

study released by the Washington State Liquor and Cannabis Board (WSLCB) in March 2019 found that recreational cannabis cultivators are using less than half their allotted licensed canopy.

Additional clinical development programs that AXIM is targeting in the short and mid-term include: MedChew™ RL which will undergo clinical trials as a potential treatment for Restless Leg Syndrome (RLS), MedChew™ Rx which will target treatment of pain and spasticity associated with Multiple Sclerosis, and CanChew™ Rx which aims to treat drug-induced psychosis. These were selected due to the shorter timeline and overall ability to bring the drugs to the market. The research protocols are designed in strict adherence to the FDA/ EMA guidelines providing the best chance for regulatory approval and accelerated market entry within 24-48 months. 

Multiple Sclerosis News Today
Bio-availability refers to the extent and rate at which a medication is absorbed by the body’s circulatory system after being administered. Researchers note that CBD’s bio-availability, when administered orally, is estimated to range between 6 and 10%.
“We have found that a fatty meal can increase the amount of CBD absorbed by five times, compared to that taken on an empty stomach, so there is a dire need for an improvement in the consistency of dosing. Subcutaneous [under-the-skin] administration would have two advantages: it would greatly increase the bio-availability thus reducing the amount needed, and it would eliminate the variability of diet on CBD uptake,” Leppik said.

Yahoo News

Norman is now CEO of HeavenlyRx, a CBD wellness company growing through acquisitions and investments. ”We’ll play in traditional categories like tinctures, topicals, vapes, but also we're looking to make a play into food and beverage, and skincare as well,” said Norman.

HeavenlyRx recently announced a stake of at least 25% in  Seattle WA based, Jones Soda (JSDA). The company also invested $30 million in the hemp cultivator Blühen Botanicals. It also acquired Florida based wellness company Airganics last month.