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Nug News – Weekly Cannabis News Update November 8, 2020

Cannabis News Update November 8, 2020

Weekly Cannabis News Update November 8, 2020

Cannabis News Update November 8

Minnesota Eyes Neighbor South Dakota’s New Cannabis Legalization

Most Minnesotans, especially those living in towns and cities that border South Dakota were surprised at the outcome of their neighbors vote to legalize both medical and recreational marijuana.  It seems there are red politics, blue politics and now green politics and for those living in Minnesota it is frustrating to see changes happening close by that they are not a part of.  In 2014 Minnesota voted to legalize medical marijuana however the restrictions were and have remained some of the toughest in the nation in terms of dispensary availability and conditions that the state considers to be qualifying for medical marijuana use for citizens of the state.

Each year since 2014 these restrictions have eased, little by little, with new dispensaries opening and more medical conditions qualifying for inclusion in the state’s medical marijuana program.  Next month the state will decide whether anxiety should be a qualifying condition.  With the passage of legalization in South Dakota, there may be increased pressure for Minnesota to pass more expansive legislation sooner rather than later.  In the meantime, law enforcement will not ease up on punishing those in possession of marijuana, especially concentrates, which it considers more dangerous than flower.  Read more here.

Cannabis News Update November 8

Aurora Cannabis and other Cannabis Stocks Seeing Records Gains 

With the green wave of cannabis legislation that was approved by voters, the stock market has finally given cannabis stocks some attention, and some support.  Starting with Aurora Cannabis, that saw a 100% gain since Election Day with over 56% of that gain coming before the closing bell on Friday.  All states that has cannabis legalization, either medical, recreational or in the case of South Dakota, both, on the ballot saw success.  This clearly took Wall Street by surprise but now that surprise has turned into financial support.  Other cannabis companies Tilray and Canopy Growth saw their stock surge on Friday as well by 23% and 11% respectively.

Traders will also be ready for more movement in the cannabis industry as Joe Biden was named the projected winner on Saturday and will be the 46th president of the United Sates.  President elect Biden has made it clear that he supports broad legislation that would decriminalize cannabis but has not made his position clear yet regarding his support for full legalization at the federal level.  Smart traders will be keeping an eye out for hints of how the newly elected president will address the issue come January. Check out additional information here.

Cannabis News Update November 8

Medical Experts Looking at CBD to Help Repair Lung Damage Caused by Covid

As we enter what will likely be a long winter and an increase in Covid cases, the medical community has continued to learn a lot about this mysterious virus.  As part of the treatment protocols, medical experts are looking at the benefits of CBD to help repair the damaged lungs of many Covid patients.  Scientists from the Dental College of Georgia and the Medical College of Georgia have determined how CBD can be useful in reducing the lung inflammation seen in so many Covid patients.

CBD helps to regulate apelin levels, which is a  natural peptide made by blood cells, brain, lung, heart and fat tissue in the body.  It regulates blood pressure and is essential to reducing inflammation.  The study looked at patients who were suffering from ARDS and saw this peptide plummet to zero and then with the use of CBD increase approximately 20 times.  Additionally, CBD was found to aid the normalization of oxygen levels, swelling, immune responses and lung scarring.  Similar studies have been conducted in Israel regarding the efficacy of CBD with very promising results.  Read more details here.

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