Cannabis Farming Accounts For $2.3b In Cash Receipts and the Benefits of Cannabis on Memory Abilities, Key Insights by Adam Isaac Miller | May 31/2020

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  1. The wonders of psychedelic compounds – A beautiful excerpt from Franz X. Vollenweider, recent years have seen a burgeoning scientific interest in the neurobiology of altered states of consciousness induced by psychedelic drugs (e.g. such as psilocybin, LSD, and DMT), also driven by renewed and growing evidence of their beneficial clinical effects in some psychiatric disorders. At the core of the psychedelic experience is the dissolution of the phenomenological self or ego alongside a feeling of oneness and unity with all that exists, and a sense that one’s everyday identity has dissolved into a timeless “ultimate” reality. 
  1. A fascinating note on the impact of cannabis on farmers – Cannabis is now a major cash crop in Canada. Statistics Canada said that cannabis accounted for about $2.3 billion in farm cash receipts in 2019, up from $564 million the prior year. Cannabis farm receipts are now about one-quarter of what farmers receive for canola, the country’s largest crop. An iPolitics report said that cannabis sales helped to increase farmers’ realized net income for the first time in three years, and there are now concerns from agricultural advocates that legal cannabis is stricken from industry calculations as agriculture usually consists of food and fiber products. Over the past 10 weeks, I’ve thought several times about the benefit of tax revenue generated by cannabis legalisation post-COVID-19. In New Zeland, if the measure passes for legal cannabis sales, it could bring the country as much as $490 million annually, according to a new report by the New Zealand Institute of Economic Research (NZIER). This estimate is based on the 25 percent cannabis tax rate proposed in the new legislation, in combination with the country’s standard sales tax. Material references from source and source.
  1. Cannabis and memory – Truly facilitating, a recent study looked at behavioral measures of learning and memory in young vs. old mice. In each age group, some mice received a constant, daily dose of THC for 28 days, while others served as controls (they didn’t receive THC). After their 28-day treatment, their learning and memory abilities were assessed. There was no THC in their system during the assessment. The question was how learning and memory were affected after chronic THC exposure. It turned out that old mice responded differently to chronic THC compared to young mice. Old mice did better on learning and memory tests if they had a 28-day THC treatment beforehand. The behavior of old mice that had a chronic THC treatment looked like the behavior of young mice without a THC treatment. Article reference 
  1. Despite COVID-19, cannabis remains a hit – Canadian cannabis sales soared in March as consumers stocked up on recreational pot amid supply concerns brought on by the COVID-19 pandemic. Statistics Canada said Friday Canadians bought $181 million worth of cannabis in March, up 19.2 per cent from the prior month, marking one of the biggest monthly jumps since recreational pot was legalized in October 2018. Data sourced from reference

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About Adam Isaac Miller:

Adam spent over 8 years building various B2B businesses within education, investment, and medicinal cannabis, with progressive roles including business development, strategy, product development and project management. He has consulted private and listed cannabis producers and ancillary businesses since 2015, as one of the early entrants and experts in the burgeoning Australian cannabis industry. Adam founded and currently sits on the board of The Medical Cannabis Council, Australia’s largest not-for-profit industry body. He is a frequent public speaker and publishes a widely read industry newsletter. Adam earned a Bachelor of Entrepreneurship from the Royal Melbourne Institute of Technology.

Adam has appeared in several major news outlets including the Sydney Morning Herald, The Australian Financial Review, Startup Smart, SBS, SkyNews, MJBizDaily, and other major publications.