[Canniseur: Why should anyone be surprised by this? Israel has been dominant in cannabis research for decades. Now Israel is building itself to be one of the leaders, if not the leader in cannabis research and supply for the medical industry. Although this is a sponsored article, it’s worthwhile to note what Israeli science is doing to promote what is emerging as the single most potent plant (other than food crops) that can benefit humans.]
Israel has always been a leader in cannabis research and development—thanks to Raphael Mechoulam’s groundbreaking research—but it’s just starting to realize the potential for cultivation. In addition to having one of the highest per capita usage rates in the world, Israel is expected to soon have upwards of 50,000 patients on a waitlist and is uniquely located to become a major supplier to Germany and other European end markets.
Isracann Biosciences Inc. [CSE: IPOT (Pending)] aims to become Israel’s first pure-play cannabis firm listed in Canada with a four-pronged focus on cultivation, distribution, products and manufacturing, and R&D genetics.
Click Here To Receive Isracann’s Investor Presentation
Why Israel Stands at the Forefront
Israel is a well-known global science and technology hub with more than four percent of its GDP devoted to civil research and development and 140 scientists and technicians per 10,000 employees. Most investors are familiar with Israeli companies like Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) and Wix.com Ltd. (NASDAQ: WIX) that were born from this devotion to cutting-edge research and development.
Not surprisingly, Israel has also become a leader within the nascent cannabis industry. Raphael Mechoulam is widely recognized as the “Godfather of Cannabis” for discovering tetrahydrocannabinol (THC) and other cannabinoids. Earlier this year, the country doubled down on medical cannabis research by pouring $2.13 million into 13 cannabis research projects, making it one of just three countries with government funding for research.
Earlier this year, the Israeli Ministry of Agriculture officially classified the growing of medical cannabis as a ‘farming sector’, which paves the way for cannabis cultivators to receive government aid, grants, and water quotas like any other farmer. The Ministry of Health and Finance also recommended legalizing the export of medical cannabis, which experts believe could open the door to a $1 billion per year export market.
Building a Massive Footprint
Isracann is building 230,900 sq. ft. of hybrid greenhouses for the ultra-low-cost production of high-quality medical cannabis. Management expects these facilities to be completed by year end with an initial production capacity of 11,500 kilograms per year with the long-term goal of reaching 23,500 kilograms per year. The hybrid greenhouse has several advantages over indoor purpose-built greenhouses, including precise environmental controls and containment.
Through a distribution partnership in Malta, the company plans to efficiently export cannabis products to the European Union—and Germany in particular. The German market has 82.7 million citizens and serves as a key gateway to other European end markets, which could exceed North American end markets over time. New legislation passed earlier this year could pave the way for a new legal import framework.
While the company plans to deliver high-quality GMP flower for export in the early stages, management plans to expand into higher margin products, such as ultra-pure cannabinoid distillate that can be infused into a variety of products. At the same time, the company has partnered with leading research institutions and imports genetics from Canada and Holland to ensure that it’s offering the most competitive premium products.
Isracann Biosciences Inc.[CSE: IPOT (Pending)] is uniquely positioned to become a leader in Israel’s nascent cannabis industry. With a massive cultivation footprint and a four-pronged business plan, the company could begin generating revenue as early as next year. The country’s long-term potential to be a leader in R&D and a well-positioned exporter to Europe could make it the next big global cannabis destination.
Click Here To Receive Isracann’s Investor Presentation
For additional information, visit the company’s website at www.isracann.com.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
Original Post: CFN Media Group: Israel Builds Dominant Position in the Global Medical Cannabis Industry
[Canniseur: “Cannahoney”, not an infused product, could have therapeutic qualities. How do you train bees to harvest only cannabis pollen? If the bees are only gathering pollen from the males, which has almost no THC, how do they get THC containing resin into the honey? Is Mr. Trainerbees a bee whisperer?]
French beekeeper Nicolas Trainerbees (a nickname) is passionate about nature and has self-medicated with cannabis since a very early age. After training bees to collect sugar from fruits rather than flowers, he turned his attention toward the cannabis plant to merge his passions.
In 2006, he began training bees to collect the resin from cannabis plants and use them in the beehive to create what he has dubbed “cannahoney”. The honey contains terpenes and other cannabis features that add a “delicious and pleasant taste” reminiscent of the cannabis plant.
“For some time I had known about the health benefits of bee products such as honey, propolis, pollen, wax and royal jelly and also about the benefits of cannabis,” he says. For instance, the resin from willows, poplars and other trees is turned into propolis by bees, which has antiseptic, antibiotic, anti fungal and antibacterial properties.
He reasoned that bees using the resin from cannabis could similarly turn it into something that could be useful from a health standpoint — something different than the typical cannabis-infused honey that has already permeated many markets.
Since his original experiment, Nicolas’ project has grown to 30 beehives in a country that continues to enforce strict cannabis laws. His goal is to move out of France and into Spain to legally treat his illness and work with professionals in the space interested in his work.
As for the bees, they aren’t affected by cannabinoids because they do not have an endocannabinoid system like humans.
Original Post: CFN Media Group: These Bees Make Honey with Cannabis Resin
[Canniseur: In the long run, Vegas’s casinos should be nervous about ‘consumption’ cafes. In the short run, not so much. Until alcohol sales can be combined with toking, I don’t see the sustainability of consumption lounges. And, my prediction is…when it’s realized cannabis & a glass of whatever, is what people really want, that’s when lounges will win. Until then, people will pop into the lounge, toke up and then head to the casino.]
Las Vegas will become one of the few municipalities in the country to license cannabis consumption in lounges — a move that could transform the city into the ‘New Amsterdam’.
The Las Vegas City Council recently approved an ordinance that authorizes the so-called ‘social use venue’ licenses.
Under the new ordinance, existing licensed cannabis businesses may apply for a new $5,000 per year license to open a social use lounge. These establishments must be physically separated from cannabis retail locations, may not sell alcohol, and must be located at least 1,000 feet from schools and casinos. Entry is limited to patrons over the age of 21 and cannabis consumption is not permitted outside or in the public view.
Acres Cannabis, which operates a 19,000 sq. ft. store, plants to open a nearby consumption space featuring a concert hall and full-service kitchen. Councilman Bob Coffin, who sponsored the ordinance, believes that many cannabis businesses will open lounges adjacent to their retail locations.
Many casino operators are worried about the new industry, which isn’t permitted near casino properties. New cannabis lounges could draw the city’s millions of tourists away from casinos and hotels, where they traditionally spend most of their entertainment time and money. For now, the Nevada Gaming Control Board has warned that casinos friendly to cannabis users could lose their licenses.
Original Post: CFN Media Group: This City Looks to Become the ‘New Amsterdam’
[Canniseur: Great news! This leaves cannabis banking to the smaller banks, giving them a leg up in the industry. Those first in definitely will have the competitive edge. Further, I’d love to see the day where Chase Bank turns down Constellation Brands business.]
The SAFE Banking Act is making its way through the legislative process, but many big banks still plan on avoiding cannabis clients, according to a Wall Street Journal report. In fact, no major bank publicly supports the bill’s passage and any content between Congress and the bill were initiated by Congress.
While the SAFE Banking Act is designed to protect banks with cannabis clients from prosecution, banking leaders say that government-mandated compliance obligations remain a sticking point. Cannabis transactions remain illegal under federal money laundering rules and banks aren’t willing to take the risk until the drug is fully legal in the United States.
Many large banks were recently fined for inadequate anti-money laundering controls, which makes them even less likely to take the risk. For instance, US Bancorp paid $613 million in fines and penalties in February 2018 after failing to report suspicious activities to regulators and ignoring red flags for years.
The good news is that many smaller banks may be willing to assume the risk and open the door to legitimate banking for cannabis companies. In particular, credit unions and local banks in states where cannabis has been legalized could see a tremendous new growth opportunity.
Banking access enables cannabis companies to not only safely store their revenue, but also potentially access credit card processing, small business loans, mortgages, and other financial products that mainstream businesses enjoy.
Original Post: CFN Media Group: Big Banks Snub Cannabis Banking Bill
[Canniseur: While I’m exceedingly happy to see Michigan to be a focus of this article, I wish CFN had used authors who knew the state at least well enough to spell the name of a particular city correctly. Heck, his editor didn’t catch it either! The author only lists dispensaries in two cities. And one of the dispensaries he listed is not in business.]
While recreational marijuana use legalized in Michigan in 2018, legal frameworks are not expected to be complete until 2020. The state has had a medical marijuana landscape in place since 2008 however, so a thriving dispensary scene is already in place. In this article, we will look at the prevalence of cannabis use in Michigan and its potential future market, the laws governing use and possession, the impact of legalization there on the Midwest region, and then round up a partial list of current dispensaries and resources.
The Michigan Marijuana Market
When adult recreational use passed in Michigan, the law gave local jurisdictions the choice over whether they want the legal cannabis industry to operate in their town or not. More than 130 different local communities have passed ordinances that allow medical marijuana businesses to operate in Michigan, meaning a robust market is already established. Although more than 400 cities opted out or have not established the legality of cannabis, most people in Michigan are located close enough to a legalized municipality to make purchasing cannabis products easy.
According to the Lansing Business Review, Michigan has the potential to become the third largest medical marijuana market in the country, behind California and Colorado. In 2018, nearly 250,000 medical marijuana patients were registered in the state, and with adult recreational use now legalized the number of consumers is expected to fly through the roof. Regulated recreational stores are expected to open in 2020.
Medical Marijuana Laws in Michigan
The Michigan Compassionate Care Initiative was passed in 2008, making it the 13th state to legalize cannabis in the USA. While adult recreational use was decriminalized in 2018, many towns already had decriminalization laws on the books. The university town of Anne Arbor passed an ordinance in 1972 for example, which made them a pioneer of marijuana legalization not just in the United States but around the world. This has greatly contributed to the later legalization pushes and the widespread cannabis culture that is active in Michigan at the present.
Personal possession and cultivation are now legal for all adults over the age of 21 in Michigan, which is the second most populous state to have passed adult recreational use laws. Possession is limited to 2.5 ounces and cultivation is limited to 12 plants although up to 10 ounces may be possessed by each individual if it is stored under lock and key. Marijuana is also an approved medicinal substance for over two dozen different qualifying conditions and patients can receive herb from a qualified caregiver.
The Impact of Michigan’s Legalization on the Midwest Region
Michigan is the first state in the MidWest region to legalize marijuana for adult recreational use, meaning that it will affect the entire area. Also the most populous state in the Midwest, Michigan stands to become a model for marijuana legalization and pave the way for other states to pass similar legislation, according to a recent article in High Times Magazine. In the meantime, consumers from other MidWest states in order to purchase cannabis products legally, which will be an economic boon to the cannabis economy.
States like Illinois and Missouri already have medicinal marijuana programs in place, and the passage of recreational use in Michigan will surely encourage them and others to follow suit. The entire midwest is expected to be a major player in the multi-billion dollar cannabis industry with sales in Michigan alone projected to reach nearly 900 million dollars by 2015. Illinois recently passed a groundbreaking “Opioids Bill” which allows patients to trade in their opioid-based medications for cannabis instead. If and when this program is extended across the Midwest region daily cannabis use will become a norm for millions of people.
Medical Marijuana Dispensaries in Michigan
Adult recreational vendors are projected to open in 2020, but right now these are just some of the medicinal marijuana dispensaries that have been in operation since the Compassionate Care Initiative was passed in 2008. Here is a partial list of dispensaries found in the two main markets, Detroit and Anne Arbor, taken from Potguide.com, visit them for a complete list of all dispensaries in Michigan.
11999 Gratiot Ave Detroit, MI 48213(313) 284-3063
5 & Dime
20561 Dwyer St Detroit, MI 48234(313) 733-6006
19709 W Seven Mile Rd Detroit, MI 48219(313) 766-5662
2540 Rosa Parks Blvd Detroit, MI 48216(313) 450-1400
21651 W Eight Mile Rd Detroit, MI 48219(313) 693-4564
2101 W Lafayette Blvd Ste 106 Detroit, MI 48216(313) 265-3740
Far West Holistic Center
21221 8 Mile Rd Detroit, MI 48219(313) 977-9911
14239 Eight Mile Rd Detroit, MI 48219(888) 420-2790
Green Door Alternative
7304 Michigan Ave Detroit, MI 48210(313) 254-9468
24600 W McNichols Rd Detroit, MI 48219(313) 977-9027
Healing Tree Wellness Center
15308 Eight Mile Rd Detroit, MI 48205(313) 466-3366
House of Dank
3340 Eight Mile Rd Detroit, MI 48234(313) 305-4040
3600 E Eight Mile Rd Detroit, MI 48234(313) 733-4158
14917 Gratiot Ave Ste B Detroit, MI 48205(313) 264-1999
Motor City Kush Detroit
10 E 8 Mile Rd Detroit, MI 48203(313) 707-0903
18334 W Warren Ave Detroit, MI 48228(313) 914-2319
15837 Mack Ave Detroit, MI 48224(313) 885-0000
Plan B Wellness Center
20101 W Eight Mile Rd Detroit, MI 48219(248) 470-4638
19533 W Warren Ave Detroit, MI 48228(313) 266-7738
The Green Mile Detroit
6650 E Eight Mile Rd Detroit, MI 48234(313) 826-1479
The House of Mary Jane
19154 James Couzens Fwy Detroit, MI 48235(313) 340-9202
6541 E Lafayette St Detroit, MI 48207(313) 332-0544
Ann Arbor Health Patient Collective
3060 Packard St Ann Arbor, MI 48108(734) 929-5645
321 E Liberty St Ann Arbor, MI 48104(734) 929-2602
1818 Packard St Ann Arbor, MI 48104(734) 213-1420
Bloom City Club
423 Miller Ave Ann Arbor, MI 48103(734) 585-0621
Exclusive Provisioning Center
3820 Varsity Dr Ann Arbor, MI 48108(734) 494-0772
700 Tappan Ave
Ann Arbor, MI 48104
603 E William St
Ann Arbor, MI 48104
Medicine Man of Ann Arbor
2793 Plymouth Rd Ste K
Ann Arbor, MI 48104
Om of Medicine
112 S Main St
Ann Arbor, MI 48104
People’s Choice Alternative Medicine
2245 W Liberty St
Ann Arbor, MI 48103
Treecity Health Collective
2730 Jackson Ave
Ann Arbor, MI 48103
Marijuana Advocacy Organizations and Resources in Michigan
Michigan NORML – minorml.org
Americans for Safe Access, Michigan Chapter – www.safeaccessnow.org/michigan_advocacy
The Detroit Free Press Marijuana Coverage – www.freep.com/news/marijuana/
Original Post: CFN Media Group: Marijuana in Michigan: What You Need to Know