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July 30, 2020 CONTACT

CBD Archives - Hemp Market Report

Tee CorleyTee CorleyJuly 30, 2020
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5min00

Company: Harbor Hemp Company

Product:

What Makes This Brand Unique: If you haven’t yet heard of Harbor Hemp Company, it’s high time you got in on this family-run health and wellness CBD brand.

Based in Connecticut, Harbor Hemp is among the most health and eco-conscious CBD purveyors in the country. Using only industrial hemp grown in the US, Harbor Hemp CBD is lab tested twice and manufactured at a Good Manufacturing Process (GMP) certified facility in Connecticut.

If you’ve read our previous reviews of Harbor Hemp, you’re familiar with the sheer variety of products this company offers. From sports creams to lab-tested tinctures, it’s no surprise they’re among the brands pioneering CBD-infused beverages.

Calm Seas CBD-Infused Seltzer Review

We had the opportunity to sample Harbor Hemp Company’s Calm Seas CBD-infused seltzer, and we were not disappointed.

This beverage came to us discreetly packaged in a perfectly-sized brown box. Sure enough, the cans themselves were professionally styled to match the running theme across all Harbor Hemp products: a red, white, and blue label depicting a stylized scenic coastline and the watchful eye of a lighthouse.

It’s no wonder that they named this seltzer Calm Seas. In line with their overall New England-style branding, this beverage is designed inside and out to elicit a total sense of mind-body harmony.

True to their mission to offer the highest quality CBD in healthful consumable forms, Harbor Hemp includes only 4 ingredients in their seltzer: water, 26mg CBD extract, natural black cherry flavor, and citric acid.

We considered this product to be a positive alternative to alcohol. After all, the 16-ounce cans and red, white, and blue color scheme do remind one of a PBR tallboy.

However, it’s so much better than that. Instead of cracking open a beer at the end of a long day, we opted for Calm Seas. The desired end result is achieved: a totally relaxing summer evening enjoying a beverage on the front porch.

The side effects of alcohol are skillfully avoided. With 0% THC, you’ll experience no intoxication or hangover. Instead, you’ll get the hydration you slacked on throughout the day.

And no offense to the diehard fans, but we are happy to announce that Calms Seas tastes worlds better than a beer.

The black cherry flavor is light with a slightly citric tang. Citric acid is a natural preservative and may aid your body in the absorption of water. There is absolutely no hemp scent or flavor to this beverage.

Overall, this beverage is an amazing alternative to an alcoholic nightcap. It’s also great to sip on throughout the day. Whenever you need to de-stress, Calm Seas will bathe you in a feeling of wellness.


Tee CorleyTee CorleyJuly 28, 2020
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6min00

Company: Bluebird Botanicals

Product:

What Makes This Brand Unique: Looking for reliable high-quality CBD while promoting a healthier future for the planet, too? Bluebird Botanicals partners with their clients to pass proceeds onto charities, safer agricultural practices, and members of its own financial assistance program.

This brand’s passion for healing starts with getting helpful hemp products into the hands of those who need them. From there, lives and relationships improve synergistically. Their ultimate mission is to help build a future “where our relationships with ourselves, each other, and all of Mother Earth are held in reverence.”

That’s why Bluebird only uses hemp grown by US farms practicing regenerative agriculture and following strict environmental guidelines. In fact, Bluebird Botanicals is a certified B-Corp. They’re also Leaping Bunny Cruelty-free certified, Good Manufacturing Process (GMP) certified, Low-Carbon Footprint certified, Glyphosate Residue Free certified and US Hemp Authority certified. That’s a pretty impressive resume!

If Bluebird Botanicals’ values align with yours, you’ll be especially pleased to read about their latest CBD tincture: Immunity.

Immunity Vitamin D3 + Hemp Extract Tincture Review

While Bluebird Botanicals already has a beefy line of hemp oil extracts, their recent release of Immunity, a CBD hemp oil extract with vitamin D3, seems especially timely.

How can you tell if your immune system needs a boost? Penn Medicine lists 6 signs your immune system could use some support:

  1. Your stress level is high
  2. You often have a cold
  3. You frequently have an upset stomach
  4. Your wounds and bruises are slow to heal
  5. You tend to get infections
  6. You feel tired all the time

If some or all of these symptoms apply to you, consider taking Immunity as a dietary supplement.

Unlike most CBD tinctures, one dose of Immunity is 0.5ml, or half a dropperful. Bluebird Botanicals recommends taking no more than 1ml per day.

One dose of Immunity contains 2,500IU of vitamin D3 and 4.2mg CBD extract. Suspended in MCT oil (a derivative of coconut oil) and hemp extract, this tincture is dark amber in color with a robust hempy fragrance. That earthy flavor is strong but not bitter.

Vitamin D3 is an essential vitamin used by your body to support your immune system, fight the flu, and ensure healthy bones and teeth.

Unfortunately, approximately 42% of the US population is vitamin D deficient to some degree. The effects of vitamin D deficiency are lethargy, fatigue, depression and more frequent illness.

The added CBD helps boost your immune system by relieving tension and stress. In Penn Medicine’s list above, you’ll notice that reducing stress is the first factor that could strengthen your immune system.

That makes Immunity a one-two punch to viruses and other symptoms of a weak immune system and vitamin D deficiency.

Immunity comes in an amber glass bottle with a marked dropper for easy measurement. Not sure it’s the real stuff? True to their values, Bluebird Botanicals keeps their lab tests transparent. Simply scan the QR code on the purple and orange label to read that specific batch’s lab results.

This supplement is intended to be taken like a daily vitamin. Vitamin D is one of the few vitamins you can have too much of. Always consult with your doctor before taking a new supplement.


StaffStaffJuly 22, 2020
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3min00

The U.S. House of Representatives has approved a measure from Rep. Tulsi Gabbard, D-Hawaii, as part of an amendment package to the National Defense Authorization Act that passed the House late Monday on a bipartisan vote of 336-71.

The amendment says, “The Secretary of Defense may not prohibit, on the basis of a product containing hemp or any ingredient derived from hemp, the possession, use, or consumption of such product by a member of the Armed Forces” as long as the ingredients meet the federal definition of hemp.

Active service members had been denied the use of products made from hemp, including CBD, regardless of the product’s THC concentration, according to a February memo from the U.S. Department of Defense. the DOD said this was due to the inability of drug testing to differentiate between hemp-derived CBD products and THC marijuana products, which are federally illegal.

“If there are any Americans who most deserve access to wellness products such as CBD, it’s our brave, selfless troops,” the U.S. Hemp Roundtable said in a statement. “Let’s make sure that the men and women who risk their lives for our freedoms have the freedom to use quality, legal hemp products.”

Gabbard is a military veteran and a hemp advocate in Congress. In July 2019, she introduced the Hemp for Victory Act, which called for more research into the applications of hemp. It was referred to the subcommittee on health. That proposed bill was inspired by a World War II-era government film that encouraged farmers to grow hemp for the war effort.

Law360 gives Gabbard an A+ rating when it comes to cannabis. The site wrote, ” Since assuming office in the U.S. House of Representatives in 2013, Gabbard has introduced, signed and voted for numerous bills related to marijuana. In 2017, Gabbard co-sponsored the Ending Federal Marijuana Prohibition Act, a bipartisan bill which, if passed, would remove marijuana from the controlled substances list. The following year, Gabbard introduced the Marijuana Data Collection Act, a bill that would direct the U.S. Department of Justice to research the effects of marijuana legalization. Gabbard hoped that this research to “dispel myths and stigma” surrounding marijuana.

This year, Gabbard has co-sponsored The Marijuana Justice Act, which would deschedule marijuana if passed, and the VA Medicinal Cannabis Research Act, which would direct the Department of Veterans Affairs to research the therapeutic benefits of marijuana.


Tee CorleyTee CorleyJuly 22, 2020
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7min00

Company: Lifted Made

Product:

What Makes This Brand Unique: Lifted Made is a premium hemp brand with humble beginnings. CEO Nicholas Warrender started with big dreams in a little room crafting easy-to-consume CBD products in 2015.

Today, Lifted Made is a subsidiary of Acquired Sales Co., a massive publicly traded company collecting and investing in the best brands in the hemp industry.

Warrender credits his tremendous progress over the past 5 years to the creative innovators with whom he works. Together, the team at Lifted Made strives to provide consumers with wellness boosting cannabinoid products at a reasonable price point.

In a press release Warrender stated, “Everyone wants to be healthy and stay healthy, especially in today’s environment.” It was this idea on which Lifted Made is founded.

URB Delta-8 THC Tincture Nano Drops

Lifted Made’s latest addition to their incredible variety of hemp products, URB delta-8 drops offer a fresh take on a cannabinoid you’ve been unknowingly consuming.

What is delta-8 THC? Think of it as the love child of CBD and delta-9 THC (the cannabinoid that gets you “high”).

Delta-8 is found in small quantities in hemp plants. It’s actually a derivative of CBD. The main difference between delta-8 and “regular” THC is that delta-8 acts and feels more akin to CBD, relaxing your mind and body without the high that comes with delta-9.

So, why not just take CBD? CBD works with your endocannabinoid system by binding to your brain’s C2 receptors. THC binds to your C1 receptors. Delta-8 THC appears to bind to both.

The result is the best of both worlds: a total mind-body calming experience that you can feel (but not too much).

Let’s Mango Delta-8 Nano Drops Review

Now that we’ve got your interest peaked, we’ll let you in on our experience with this newfangled but increasingly popular delta-8 THC.

Upon opening the box, we were surprised to see a hot pink opaque liquid contained inside a sea-glass matte bottle. We’re used to the traditional amber glass with a dark dropper, but Lifted Made’s design alone brings out the lighter side of life.

With a large, white dropper and lime green labeling, this product screams, “Summer Vibes!”

And rightfully so. These drops come in Go Grape, Orange Dream and Let’s Mango. The color and texture of a melted mango smoothie, Let’s Mango’s taste is as bursting with vibrance as it looks.

In fact, the flavor is so strong, we recommend adding a dropperful to juice, smoothies, seltzers, energy drinks, pre-workout mixes or whatever beverage (or even cereal) could use a fruity boost.

While most CBD tinctures need to absorb under your tongue, Lifted Made’s nano technology ensures increased bioavailability during digestion.

The beauty is that the choice is yours. The smell, taste and look of the packaging are discreet enough to pass as a liquid vitamin supplement. There is no detectable hemp flavor or scent.

You may be wondering why we suggest taking delta-8 nano drops in energy drinks and pre-workout sports drinks. The answer is in the effect.

We found that delta-8 THC reduced anxiety like a cascade of warmth washing over our bodies. Because delta-8 doesn’t make you feel “high,” it’s the perfect on-the-go stress reliever.

Energy drinks and delta-9 THC often come with uncomfortable side effects like a racing heart, the inability to take a deep breath and general tension and anxiety.

From our experience, delta-8 THC nano drops not only eliminated those symptoms, they also added an overall sense of well-being. A bike ride or scenic run felt like a new experience: one filled with a sense of gratitude for the moment, the ability to use our bodies without pain, and a heightened awareness of the open air streaming past our faces.

Suffering from insomnia? The most prominent effects of delta-8 THC we noticed was the release from bodily tension. In fact, beware of getting “velcro-butt” (getting stuck to your couch) from too much relaxation. A nightly dose of these drops will have you melting into your bed.

URB Delta-8 THC drops contain 11mg of delta-8 THC, 3mg of delta-9 THC, and 0.5mg of CBN per 1ml dropperful. Fortunately for those of you in states where THC is prohibited, the amount of delta-9 THC is below the legal limit. Instead of getting you high, it complements the effects of delta-8 THC and additional cannabinoids.

Overall, we certainly recommend exploring the brave new world of delta-8 THC, and the quality of these drops make Lifted Made’s nano drops a great place to start.


StaffStaffJuly 21, 2020
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9min00

Charlotte’s Web Holdings Inc. (OTC:CWBHF) unveiled “part three” of its groundbreaking “Trust The Earth” campaign. Originally launched in October 2019, the “Trust The Earth” campaign was created to break down barriers by opening up doors of access to the power of hemp for health.

Now, Charlotte’s Web  is continuing to use its voice, public art, the country’s landscape and its collaboration with Studio Number One, the creative agency founded by legendary artist Shepard Fairey,

Created in McPherson, Kansas, the 76-acre farm art installation features a massive rendering of a hand holding a hemp stalk and the call-to-action “Trust the Earth.” This ‘Trust The Earth’ farm field art will be ‘unveiled’ online officially on July 21, 2020. Studio Number One and Fairey’s original art was ‘grown’ and mown on   3,049, 200 square feet of farmland and the installation required one solo farmer mowing for one week using a GPS to guide the process. The final field art, installed by Precision Mazes, is so large that it required a local farmer’s plane to achieve enough height to photograph the entire Trust The Earth field art installation.

“This art is the visual and naturally living embodiment of Charlotte’s Web’s mission to unleash the healing powers of botanicals,” said Deanie Elsner, CEO for Charlotte’s Web. “And, we hope this inspires many to join us in fighting for sound federal and state regulations.”

“A farmer’s field is a place to cultivate life-changing ideas and grow a voice for those still seeking hemp-based wellness. Through this powerful artwork, we experience a coalition between earth and humanity, and our journey to create sustainable, natural wellness. In the case of hemp, revolutionary wellness. Our purpose is to ignite conversations that open access to hemp in all states that have yet to provide this choice,” said Jared Stanley, Chief Cultivation Officer and a co-founder of Charlotte’s Web.

“Whether it’s a mural in Brooklyn, a poster in your home, or a field in Kansas, Studio Number One understands the power of art to compel change. SNO worked with Charlotte’s Web to call on citizens to Trust the Earth,” Shepard Fairey.

The “Trust The Earth” campaign supports Charlotte’s Web’s on-going mission to open up access to hemp CBD, especially for those who depend on it for quality of life. Its purpose is to raise awareness of the need for improved and equal access to hemp-derived CBD products for everyone in every U.S. state.  Founded in 2014, the Stanley Brothers set out to change perceptions about the health potential of hemp, forwarded laws, and inspired vital research.

The origin of the CBD movement was ignited by families, veterans, and farmers, desperate for a better way that solutions in nature. Now, the exploding CBD industry is inspiring the mainstream to consider hemp CBD, the life-changing compound that has been misunderstood for over one hundred years.

 “This glorious field art celebrates everyone on Earth whose lives have been improved by hemp-derived CBD wellness products,” said Elsner. “Charlotte’s Web continues to lead the revolution and will continue to advocate.”

The Charlotte’s Web website is www.charlottesweb.com. The campaign platform is www.TrustTheEarth.com .


Julie AitchesonJulie AitchesonJuly 20, 2020
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4min00

After suffering for years with acute eczema (and the bullying that accompanied it, as her troubled skin was stigmatized with behind-the-hand whispers of “look at her body”), HERBODY Cosmetics co-founder and Chief Science Officer Hardip Kalsi were inspired to create a line of skincare products to celebrate “her body” and empower women to embrace their unique beauty. 

HerBody Cosmetics draws from the healing and beauty traditions of North America, Africa, and India, incorporating sustainably grown and harvested CBD into vegan, all-natural products that Kalsi refers to as “triple bottom line skincare”. HerBody has attained the Envirocann Certification for its products, which ensures that Best Management Practices are used to grow and process cannabis ensuring environmental stewardship and compliance to local and state regulations. Envirocann also certifies hemp CBD products as well in addition to cannabis.

 I sampled the Camellia Rose CBD Face Cream, with 200mg of CBD per jar. The texture is silky if a bit waxy, and the camellia rose scent fresh and wears well. I applied the cream at night and also in the morning under sunscreen. Even in the mid-Atlantic summer humidity, my skin tends towards dry, likely because I am over forty and turn on the air conditioning at night in order to sleep restfully. The cream did not absorb fully into my skin upon initial application, possibly because it contains shea butter which works great on my body but can be too heavy for my face. Still, by the time I was ready to lay my head on the pillow, my skin felt moisturized yet not greasy. The next morning, I noticed some tightness and unresolved dryness around my mouth and eyes though I’d slathered on the cream liberally, which indicates that the cream did not provide an adequate protective barrier for a seven-hour snooze.

 I did find that HerBody’s Camellia Rose face cream wore well under my daily sunscreen (an all-natural, mineral-based formula that can also exacerbate dryness if I don’t moisturize first) despite not being quite up to the task of protecting my skin from the drying effects of air conditioning. Someone younger or with oilier skin may find it just the thing for their nightly skin regimen. Falling asleep with the lovely scent of camellia rose was a definite plus, and I only regret that my sunscreen covers up the fragrance. With HerBody’s clean ingredient pedigree and Envirocann Certification, I would certainly be interested in giving some of their other products a try (I’ve got my eye on the Coconut Rose CBD Face Cleanser), but will be sticking to daytime use when it comes to the divinely-scented Camellia Rose Face Cream. 

 


StaffStaffJuly 15, 2020
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12min00

Studies have shown CBD to target and affect cancer cells differently than normal healthy cells. Cannabis has been shown to prevent tumor growth, trigger cell death, prevent the formation of blood vessels that feed the tumor, and inhibit the metastasis of cancer from one part of the body to another. 

Angela Ardolino is a holistic pet expert who has been caring for animals for over 20 years and operates a rescue farm, Fire Flake Farm, in Florida. She is also the owner of Beautify the Beast, a natural pet salon and shop. After getting her certificate in Medical Cannabis Biology and Therapeutic use from the University of Vermont School of Medicine, she founded CBD Dog Health to provide high quality, all-natural medical cannabis products designed specifically for pets.

Ardolino believes that Full Spectrum CBD will help the quality of life of the animal, especially while going through chemotherapy. Whether it’s nausea, pain, or insomnia, she suggests using this natural medicine will help your pet live comfortably. 

She cites a study published in 2018 that found that CBD inhibits the growth of cancerous cells in mice with pancreatic and bladder cancer. Not only did CBD inhibit cancer cell growth, but it also proved to prevent future cancerous growths in the mice treated with CBD. The conclusion of this study noted that CBD could be a viable option to treat cancer in both humans and animals. Additional research concluded that “The antiproliferative and apoptotic effects produced by some of these pharmacological probes [CBD] reveal that the endocannabinoid system is a promising new target for the development of novel chemotherapeutics to treat cancer.

Anxiety

“Whether it’s general anxiety, noise anxiety, or separation anxiety, Full Spectrum CBD is an incredible way to keep your pet anxiety-free, as opposed to something like Benadryl, which can put a strain on a dog’s liver and kidneys,” said Ardolino. “Unfortunately, anxiety due to things like thunderstorms and fireworks can lead to much more serious issues. In recent years, multiple reports have surfaced of older dogs and even puppies suffering heart attacks which lead to their death during fireworks displays. Additionally, during these noisy celebrations, there are increased incidents of dogs running through sliding glass doors or running away. In fact, more dogs are lost on July 4 and January 1 than any other days of the year.”

Dosing

Since many CBD companies are limited in what they can say on websites and labels, dosing causes great confusion with pet owners. “I suggest starting with 9-12mg and increase if needed. For situational anxiety like storms, you should see a difference within 15 minutes,” said Ardolino. “If you’re not seeing results, give more. For general anxiety, it should be given daily. Adjust the dose as needed until you find what works.”

Ardolino went on to explain that research shows that CBD works by interacting with the body’s naturally occurring Endocannabinoid System which is responsible for maintaining homeostasis in the body. CBD binds to one of your brain’s receptors called CB1. Within the brain, CBD can mimic serotonin by binding and activating your body’s 5-HT1A serotonin receptors. Often called the ‘happy’ chemical, these serotonin receptors are responsible for emotional balance. 

Allergies

She added, “CBD and the other compounds found in a full-spectrum hemp extract are best known for their ability to bring the body’s systems into homeostasis. That’s just a fancy way of describing a state of balance. 

There are tons of cannabinoid receptors throughout the organs that control our pet’s immune systems. Instead of completely turning off the immune responses, like Apoquel does, CBD increases communication between cells in the immune system, encouraging a more moderate and targeted response to allergy symptoms. “

Seizures

“If your dog is prone to seizures, your veterinarian may prescribe phenobarbital (PB) and potassium bromide (KBr or K-BroVet Potassium Bromide). However, these medications may have negative side effects and can cause further liver damage, which is why many pet parents are turning to full spectrum hemp extract (CBD oil),” she said.

CBD has been used by humans to treat seizures for years. In fact, in 2003, the U.S. government patented CBD as a neuroprotectant (despite the U.S. prohibition on cannabis). Because of the rise of hemp-derived CBD for pets, studies focusing on the effects of CBD on seizures in dogs is being studied now more than ever.

She suggested these blogs for ailments that she sees a lot of dogs suffering from and benefiting from the medicine most.

 

Cushings- https://cbddoghealth.com/can-cbd-help-a-dog-with-cushings-disease/

 

IVDD- https://cbddoghealth.com/can-cbd-help-ivdd-in-dogs/

 


Tee CorleyTee CorleyJuly 9, 2020
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7min00

Company: Radio

Products:

What Makes This Brand Unique: Radio is an up-and-coming wellness-centered lifestyle brand. For Radio, CBD is but one element of a well-rounded supplement of organic herbs and extracts. Their ultimate goal is to make CBD and other natural ingredients more accessible and consumable (read: tastier!) for all.

The packaging design stands out first and foremost: elegant yet electric. Across all Radio’s products, the cardboard box housing the goodness inside looks like a box that would hold an old amplifier vacuum tube or DIY electronics component. It’s even sealed with copper-colored tape emulating the circuit board of an old school radio.

We can only speculate as to their intention, but based on their desire to incorporate nature into your system, it feels clear: the design lets consumers know that their powerful products seamlessly sync up with your body’s natural processes.

Radio products are manufactured in sunny Southern California. Radio has a clear focus on high quality, organic ingredients with 0% THC (see their lab results for each lot here); tastier, more digestible wellness products; and accessibility via payment plans and discreet shipping and packaging.

We sampled two products designed to support your body’s energy production and your brain’s concentration. Let’s jump in and see how these products performed.

Lazer Focus CBD Tincture: Full Spectrum CBD Oil (500mg) Review

In an effort to find a non-narcotic focus enhancer, we decided to give Radio’s Lazer Focus CBD tincture a try. Lazer Focus is a CBD tincture with 0.0% THC. In other words, it won’t give you that distracted, lethargic feeling of a marijuana high.

Instead, you’ll find this tincture is chock full of organic herbal extracts believed to improve concentration and boost energy. Mood-elevating citrus, black pepper, hops, pine, and jasmine perk you up before work. Lab-tested hemp oil extract balances this energizing concoction with calming terpenes, CBD, and flavonoids.

The result? Lazer Focus, of course! Just 1-2ml doses of Lazer Focus helped our team de-stress and tune in. Matched with the invigorating flavor of orange and hibiscus, this tincture is sure to turn your lights on.

In fact, this product helped us realize many of our internal distractions come from stress. How can we do our best work with the weight of the world on our minds? To make matters worse, stimulants like controlled ADHD medications and caffeine often worsen our stress. Lazer Focus eases us into a productive flow without any anxiety or crash.

After an extensive trial and evaluation of Radio’s Lazer Focus, we’d certainly recommend it for efficacy, innovation, and taste.

Foresight Capsules Review

Foresight capsules is a supplement packed with vitamins that boost energy and encourage focus. A vibrant blend of organic herbs and nootropics, these cognitive enhancing capsules are designed to gently promote mental focus and concentration.

Radio recommends taking two capsules per day, and we are inclined to agree. This dose packs 4,000% Daily Value of vitamin B12, the vitamin responsible for energy production at the cellular level. You’ll also benefit from 500% DV of vitamin D3, which many American adults are deficient in.

But the secret sauce is in the nootropics – a term referring to supplements that enhance mental function. Herbal nootropics in this blend include bacopa, alpinia galanga, ashwagandha, alpha-GPC, L-theanine, and black pepper extract. All of these natural herbs and vitamins are supposed to have mood lifting and cognitive enhancing effects.

Foresight capsules are ideal for those of us looking to perform our best at work, home, and play. Subtle yet meaningful, these capsules are a fantastic alternative to addicted stimulants without the painful side effects.


StaffStaffJuly 7, 2020
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3min00

The Financial Crimes Enforcement Network (FinCEN) issued new guidance for banking requirements for hemp-related business customers. Fin CEN said that the clarification was intended to enhance the availability of financial services for, and the financial transparency of, hemp-related businesses in compliance with federal law. The new guidance supplements the December issued rules.

Nothing To See Here

Basically, the banks are to treat hemp businesses like any other since the 2018 Farm Bill legalized the growing of industrial hemp. Financial institutions are told to conduct customer due diligence (CDD) for all customers, including hemp-related businesses. Financial institutions should obtain basic identifying information about hemp-related businesses through the application of the financial institutions’ customer identification programs and risk-based CDD processes, including beneficial ownership
collection and verification, as they would for all customers. Financial institutions must also establish appropriate risk-based procedures for conducting ongoing CDD.

The banks are no longer required to file a Suspicious Activity Report (SAR) on customers solely because they are engaged in the
growth or cultivation of hemp in accordance with applicable laws and regulations. If the business is co-mingled with regular marijuana, then the company has to keep them separate and the banks would still need to file a SARS report on the marijuana business.

For customers who are hemp growers, financial institutions may confirm the hemp grower’s compliance with state, tribal government, or the USDA licensing requirements, as applicable, by either obtaining (1) a written attestation by the hemp grower that they are validly licensed, or (2) a copy of such license. The extent to which a financial institution will seek additional information beyond the steps outlined above will depend on the financial institution’s assessment of the level of risk posed by each customer.

Additional information might include crop inspection or testing reports, license renewals, updated attestations from the business, or correspondence with the state, tribal government, or USDA. In order to identify the risks posed, financial institutions must understand the nature and purpose of customer relationships for the purpose of developing a customer risk profile, and conduct
ongoing monitoring to identify and report suspicious transactions, including, on a risk basis, to maintain and update customer information.

As with any customer, FinCEN expects financial institutions to tailor their BSA/AML programs to reflect the risks associated with
the customer’s particular risk profile and file reports required under the BSA.

Any cash transactions over $10,000 still have to be reported as usual.


StaffStaffJune 30, 2020
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9min00

Editors Note: This is a guest post.

Marijuana, also known as Cannabis, is a psychoactive drug derived from the Cannabis plant. As you probably already know, Marijuana is mostly used recreationally but is being researched on more and more every day to be used as medicine. The effects of marijuana can be felt from smoking it, vaporizing it, putting it in food, or using it as an extract. 

In almost all countries, it is considered an illegal substance. In fact, it is actually only legal within four countries and 11 states of the U.S with 33 states allowing it for medicinal use.Cannabis can provide medical uses which lies within the chemicals found in it, these chemicals are called cannabinoids. There are two main cannabinoids, which are THC and CBD. The focus will be on CBD but it’s good to know the differences between the two cannabinoids and what the benefits are.

THC and CBD

On the molecular level, THC and CBD have the exact same structure but the difference is how the atoms themselves are laid out. The differing arrangements have vastly different effects on your body while also being chemically similar to your body’s endocannabinoids. The chemical similarity allows interaction between the cannabinoids and your cannabinoid receptors.

The main difference between THC and CBD is psychoactivity or how much the chemical affects the mind. THC is very psychoactive and therefore gives the “high” that THC is known for. CBD is the opposite of this as it is not at all psychoactive. It can actually even disrupt the connection of THC to the cannabinoid receptors in the brain which ends up weakening how much THC affects the brain.

 As for use in medicine goes, THC and CBD offer many of the same benefits. But the main difference between the two is that THC offers a sense of euphoria while CBD does not. As for side-effects, CBD has minimal effects, even in large doses. The same cannot be said for THC but its side-effects are still mild. It also should be noted that neither compound is fatal. However, THC can affect the growth of the mind in children and teenagers.

CBD and CBD Oil

CBD stands for cannabidiol and as mentioned, is the second most prevalent component of marijuana. Despite that, it is also directly derived from the hemp plant, which is a cousin of cannabis. And to reiterate, CBD is not a psychoactive chemical and therefore will not cause a “high.” According to the World Health Organization, it shows no indication of having abuse or dependency potential.

In the United States, its exact legal status isn’t definite, all 50 states have legalized CBD under certain restrictions while the federal government carries CBD in the same class as marijuana. In 2015, the FDA eased restrictions on it allowing researchers to conduct trials on it. The government’s position on CBD is confusing but CBD is readily available online without the need for a license.

One form that CBD can be acquired in is as an extract known as CBD oil. This oil is said to have wide-ranging medical benefits from aiding in seizures to helping with anxiety. And while there certainly is not enough evidence to say without a doubt this is all true, there still is some truth in the claims. 

Anxiety

A promising benefit found in early research of CBD is its capacity to aid in mental health such as reducing the effects of both anxiety and depression. It’s unclear how CBD directly affects the brain by interacting with the cannabinoid receptors but it is generally thought to alter serotonin signals. This is important because serotonin is an important neurotransmitter that plays a role in mental health.

Serotonin is a chemical naturally produced in the body and has a wide range of functions. Serotonin can be referred to as the happy chemical due to how it contributes to your wellbeing and general happiness. In addition to that, it also helps to regulate the body’s sleep cycle and the body’s circadian rhythm.

Having low levels of serotonin is associated with those who have depression and having low enough serotonin can lead to anxiety. However, the association between serotonin levels and depression is unclear. The question being whether serotonin levels cause depression or if depression causes serotonin levels to drop.

Despite that, anxiety is generally treated with SSRIs or selective serotonin reuptake inhibitors but SSRIs are only available by prescription. It’s possible that CBD can do what SSRIs can without the nasty side-effects of prescription medicine. However, since the research in the field isn’t thorough enough, nothing is definitive. 

As just mentioned, there isn’t enough research in the field to make any definitive statements. What is definitive, however, is that there is some correlation to CBD usage and the reduction of anxiety. This is shown by a study that stated those with a social anxiety disorder who received CBD had overall reduced anxiety levels as compared to those who received a placebo.

The more research that is done on CBD, the more benefits and side-effects that can be found from it. And the more research that is done can also fine-tune the benefits that are already known. Essentially making it possible to decide the dosage specific to a particular patient with more accuracy in turn making CBD more effective without the need to deal with severe side-effects. 

CBD and Medicine

While CBD has the potential to treat a wide range of illnesses and ailments, one concerning aspect of it is how it interacts with other medications. An epilepsy study observed heightened blood levels of those on anti-epileptic drugs while also being on CBD. What this means is that changes in dosage will need to be made if both medications are used in tandem. It also raises the question of if CBD is safe to use with other medications no matter the dosage.

CBD and Anxiety

Overall, CBD is a new medicine that is being researched on more and more with each passing day. The effects that CBD has will be more understood as well as how to properly utilize it. Currently, there is a correlation between CBD usage and a reduction in anxiety. It’s probable that CBD affects serotonin levels thus reducing the effects of anxiety without having severe side-effects, consequently, potentially it is better than current SSRIs.



About Us

The Hemp Market Report will target news from the fast growing worlds of cannabidiol (CBD) and hemp. As a sister site to the Green Market Report, HMR will cover financial stories, but also take a look at lifestyle news as well. The Hemp Market Report will also publish sponsored content as we seek to expand our content offerings.


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