WEDNESDAY MARKET REPORT | WORLD HEALTH ORGANISATION REMOVES CANNABIS STIGMA

‘Zelda’ Engages International Cannabis and Cannabinoids Institute for Clinical Trial and Regulatory Expertise. 


Zelda Therapeutics Ltd has engaged with the International Cannabis and Cannabinoids Institute (ICCI) to support the Company’s clinical trial programmes in autism, opioid reduction, and insomnia.

Zelda Therapeutics Ltd is an Australian-based bio-pharmaceutical company developing a range of cannabinoid-based formulations for the treatment of avariety of medical conditions.

The ICCI provides access to a global network of specialist services including-expert advice on clinical study design and execution, requirements for regulatory approval, a full range of contract research services and direct liaison with study investigators.

This agreement provides Zelda with an opportunity to collaborate with a panelof leading international medicinal cannabis experts including Dr. Ethan Russo,who was recently appointed the Director of Research and Development at theICCI.

Zelda’s Managing Director, Dr. Richard Hopkins, commented “We’re honoured to be working with the ICCI and Dr. Ethan Russo, who are recognized globally as leading authorities on medicinal cannabis. Their insights will help inform and accelerate our clinical trial programmes”.

Cannabis Cultivators Profit from Growing Legal Market

The growth the legal cannabis market has created has turned cultivation facilities into invaluable assets.

  • The cannabis market is predicted to generate $146 billion in revenues by 2025.
  • Legal changes are accelerating this expansion in the United States and beyond.
  • Cultivation facilities are fundamental to this growth, providing the raw materials for the cannabis industry.

The continuing growth of the cannabis industry has created a powerful investment opportunity around cultivation sites. These farms are the bedrock of the industry, producing the raw materials that are essential to both medical and recreational customers around the world. Given the balance of supply and demand, companies with cultivation sites can practically guarantee themselves amarket for their product.

Oneof the reasons behind the high value of these sites is the continuing development of cannabis-friendly regulations. State and federal laws becoming more cannabis friendly, and as that happens, the industry appears destined for substantial growth.

Number of cannabis users relatively unchanged since legalization, StatsCan says.

Nearly 1 in 5 Canadians reported plans to use cannabis in the next 3 months, according to study.

Legalizing cannabis doesn’t seem to have much changed how many people use the drug, according to figures released by Statistics Canada.

The Statistics Canada figures released Thursday shows about 4.6 million people, or 15 percent of Canadians over age 15, reported using cannabis in the previous three months.

Nearly half of Canadians who reported using cannabis said they did so for non-medical reasons, while one-quarter said they used it for medicinal purposes.

International Cannabis and Cannabinoids Institute (ICCI) and ASTM International Sign MOU on Cannabis Standards

ASTM International andthe International Cannabis and Cannabinoids Institute have announced a memorandum of understanding to work together on standards for the cannabis industry.  ICCI is the first Europe-based partner for ASTM International’s cannabis committee, which has grown to more than 500 members worldwide in its first two years.

“ICCI’s global expertise in this fast-growing industry is well known,” said Ralph Paroli,Ph.D., the cannabis committee chairman and the director of R&D in measurement science and standards at the National Research Councilof Canada. “ICCI’s engagement in this new committee will strengthen international standards development, identify gaps, prevent duplicative efforts, and more.”

Wurk Secures $11 Million in Funding to Facilitate Further Expansion and Support the Growing Cannabis Workforce.

Leading cannabis Human Capital Management company plans toutilize this capital to bring in-demand technology and services to the marketwhile investing in customer experience.

Wurk, thefirst and leading Human Capital Management company for the cannabis industry,is pleased to announce the raise of $11 million in a funding round led by returning investors Poseidon Asset Management and Arcadian Fund. Existing investors Altitude, Salveo Capital, Phyto Partners and The Arcview Group alsoparticipated in the round.

Wurk plans to utilize the capital to enhance the client experience while expanding its cannabis HCM platform, including the launch of managed services. This will provide its growing customers base with dedicated human resource, payroll and tax experts. The company will also implement a robust analytics engine to provide highly sought-after data for the cannabis industry, allowing employers to increase operating efficiencies by benchmarking themselves against industry best practices.

European Industrial Hemp Association greets WHO’s recommendations to remove low THC preparations from international control and reschedule cannabis and cannabis-related substances.

EIHA was involvedin WHO process of evaluation of substances under international control three times already. In November 2017 we delivered written and oral statement on thecase of Cannabidiol advocating against its potential inclusion under international control, in June 2018 we pointed out several inconsistencies in nomenclature and bias in scientific evaluation of cannabis-related substances used by WHO review documents authors and finally in, November 2018, EIHA proposed changesof control of low-THC preparations for medicinal use as well as of CBD-rich extractives from industrial hemp for the consumer market. It seems the WHO listened!

Changeson the medicinal usage of cannabis and cannabis-related substances.

While EIHA’s main mission is to represent interests of the industrial hemp community, we also welcome breakthrough recommendations of WHO on cannabis, cannabis related substances and pharmaceutical preparations.
These decisions finally remove from cannabis a stigma of one of the most dangerous substances without any medicinal value. Proposal to delete cannabis and cannabis resin from Schedule IV of the Single Convention on Narcotic Drugs (1961) means that a therapeutic potential cannabis has been reclaimed and scientific research will become more widespread.

Inclusion of preparations containing cannabis and natural and synthetic cannabinoids to Schedule III is a clear token of their low abuse potential with much eased access of patients to innovative medicinal products.

NAMASTE PROVIDES LETTER TO SHAREHOLDERS

Namaste TechnologiesInc. today provided the following letter to its shareholders after the CEO resigned last week.

“Dear fellow shareholders,

I want to thank all our shareholders for your continued support for our company over the past week. I know a lot of you have questions about the future of Namaste…”

News

THE REGENERATIVE FARMING/ GROWING INDUSTRY NEWS

By LEAFLY

‘Sustainability Is Not Enough’: Why Cannabis Growers Are Looking to Regenerative Farming

TREVOR HENNINGS May 23, 2018

Sustainability is a hot-button topic that’s become increasingly important as commercial cannabis farms scale up with expanding legalization. To be “sustainable” means you’re able to maintain a level of output continuously. With farming, this means providing the correct inputs for a healthy and thriving ecosystem as you take outputs from the land. Amending soil, introducing crop diversity, and sourcing water efficiently are all part of sustainable agriculture.

For an emerging group of cultivators, sustainable farming is not answering to the needs of our environment. That’s where regenerative agriculture comes in.

What Is Regenerative Farming?

Regenerative agriculture, defined by the regenerative design consultancy Terra Genesis International, is “a system of farming principles and practices that increase biodiversity, enriches soils, improves watersheds, and enhances ecosystem services.” While regenerative agricultural practices have been around for centuries, many of these approaches have been replaced by those that favor commercial farms with large yields.“Sustaining something that is failing is just not good enough for us as a community.”Josh Sarvis, Dragonfly Earth Medicine

Cannabis offers an opportunity to re-address how we can support small farms with diverse, high-quality strains while meeting consumer needs. Regenerative farming provides a holistic approach to producing biodiverse cannabis that is grown consciously with the plant and the planet as top priorities. Like with wine vineyards, compassion for the plant is celebrated as farmers grow top-tier cannabis that holds unique characteristics specific to the earth it was raised in.

Regenerative Farming in Practice

To learn more about regenerative farming in cannabis, we met with Kelly Dunn and Josh Sarvis of Dragonfly Earth Medicine in BC, Canada. Dragonfly Earth Medicine is pushing a regenerative program called DEM Pure Certification among cannabis farmers, extractors, and vendors who all work towards the common goal of generating life in their communities.

“To us, regenerative farming goes beyond sustainable because we see our agriculture system as a failing system,” Sarvis said. “Sustaining something that is failing is just not good enough for us as a community. Regenerating life on earth is the goal.”

While there’s enough on regenerative farming to fill books, here are just a few of its core principles, according to Sarvis and Dunn.

Conscious Cultivation

Conscious cultivation is at the heart of regenerative farming. This involves not only giving the plant what it needs immediately, but also giving the plant what it might need. By looking at the cannabis plant as more than a crop, regenerative farms observe where the plant fits into biology and the ecosystem at large.

Seed-to-Seed Cultivation

“Regenerative cannabis is seed-to-seed,” Dunn said. “That means you’re seeing the entire life cycle of the plant and also making your own seeds.”

While Kelly noted that some farmers might use cloning, the idea is to create your own cannabis genetics. By working with the plant in your unique environment, you establish a relationship that would change if it was grown in a different climate or by another farmer.

Improving Biodiversity

One of the most commonly recognized aspects of regenerative farming is the pursuit of biodiversity on your farm. Ways to improve biodiversity include using tools such as:

  • No-till farming
  • Composting
  • Compost tea
  • Biochar
  • Cover crops
  • Crop rotation
  • Worm farming
  • Farm animal integration

The idea is to grow plants to sustain yourself in addition to creating a habitat for pollinators and wild animals around your farm. This biodiversity is celebrated as a means to improve the land by hosting countless forms of life.

Closed-Loop Carbon Sequestration

By refraining from using any pesticides or chemical fertilizers, healthy soil food webs are created. Plants taking in CO2 use a portion of the carbon for photosynthesis (to create energy for plant) and root growth while also releasing some of the liquid carbon into the soil in an exchange for nutrients with the fungi, bacteria, and other microbes. The carbon that’s released is utilized by the fungi, bacteria and microbes and is turned into humus, a carbon-dense byproduct that successfully sequesters the carbon into the earth.

Education Outreach

Sharing growing techniques and philosophies is an essential aspect of the regenerative movement. Dunn and Sarvis drive home the importance of sharing as a means to supporting your community and protecting the mission shared by all regenerative farmers. In an industry with rapid growth moving towards large-scale agriculture, education is key to keeping consumers and farmers aware of the options they have.

Dunn and Sarvis welcome discussions with indoor farmers about how they can be DEM Pure certified, and are eager to share techniques that improve cannabis and the earth it grows in.

“We need to have respect and honor for this plant,” Dunn said. “She has given us so much in the industry—not just money. Cannabis is the source for our inspiration to practice regenerative farming in the first place.”

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