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Top 5 Fresh Toast Stories Of The Week: Dec. 11, 2020

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ICYMI: Here are the headlines making news this week on The Fresh Toast.

Marijuana has proven to be a pandemic-proof slice of American commerce, but Senate Republicans still refuse to go down the path toward legalization; since 1893, no major study has found any basis for the criminalization of cannabis; and even if you don’t smoke weed, you’ve likely heard about hotboxing. But does this OG way of getting high work?

Let’s dive into these stories and more as we round up the top five headlines on The Fresh Toast this week:

Now That UN Accepts Marijuana, What Excuse Does Congress Have To Uphold Prohibition?

Now That UN Accepts Marijuana, What Excuse Does Congress Have To Uphold Prohibition?
Photo by SOPHIE-CARON/Getty Images

Congress, presidents, and governmental agencies have had more than enough excuses over the years for not wanting to legalize marijuana in the United States. One of the most prominent being that the United Nations drug treaties strictly prohibits it, and going against the grain of worldly laws would be a serious no-no. However, now that the U.N. has backed off its staunch opposition to the cannabis plant, one has to wonder how lawmakers will justify maintaining pot prohibition in the future.

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US Airlines Can Now Ban These On Flights

US Airlines Can Now Ban These On Flights
Photo by Erik Odiin via Unsplash

A new rule now allows airlines in the United States to ban a wide range of emotional support animals from riding in the cabin. This follows news of controversy over emotional support animals that includes pigs, turtles, peacocks and more, which have been allowed to accompany owners over the past couple of years and have caused trouble mid-flights.

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What Is Hotboxing And Does It Work

What Is Hotboxing And Does It Work
Photo by Orkun Azap via Unsplash

Hotboxing is a common activity for marijuana smokers, particularly those who are young or who’ve seen a lot of stoner movies. The term is popular even among non-smokers, understood as smoking in a small and poorly ventilated space, a practice that allows the smoke to build up and permeate all surfaces. Does it work though?

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Marijuana Prohibition Is The Greatest Scientific Fraud Of The Last Century

Why We Must Recognize That Marijuana Prohibition Is The Greatest Scientific Fraud Of The Last Century
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Gizmodo.com a website whose motto is “We come from the future” has an article titled, What Is the Biggest Scientific Fraud of the Past 50 Years? It asked some distinguished scientists what they would nominate for that dubious distinction.  

Robert N. Proctor, Professor of the History of Science and Professor by courtesy of Pulmonary Medicine at Stanford University, named the “Council for Tobacco Research, the cigarette industry’s chief instrument for denying that cigarettes cause cancer…   

“Twenty-seven Nobel laureates took money from Big Tobacco, and every major university was showered with cash…”  

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How The House Approved MORE Act Would Jack Up The Economy

Why Advocates Say MORE Act Falls Short In Restorative Justice
Photo by MmeEmil/Getty Images

For the first time in history, Congress has voted to legalize marijuana in the United States. Well, kind of.

The House of Representatives approved a piece of legislation (MORE Act) last week to eliminate the cannabis plant from the Controlled Substances Act and work to expunge criminal records and dedicate funds to those communities choking on the bones of the drug war. But the bill is not expected to advance with Senate support. More accurately, it’s probably dead in its tracks.

This inaction is mostly because top-ranking Republicans are still morally opposed to legal weed. They argue that the country needs to focus first on fixing the economy crushed by the novel coronavirus and bring jobs back to millions of Americans still waiting on some kind of relief.

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Side Effects Of The COVID-19 Vaccine

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The COVID-19 vaccine has already been administered to thousands of people. Here are the most common side effects that have been reported so far.

As we edge closer to the global distribution of a COVID-19 vaccine, it’s important to discuss the side effects that may appear.

Like all immunizations, the COVID-19 vaccine will likely have mild or moderate side effects, ranging from arm aches to fevers. Medical experts are emphasizing how important it is for people to take the vaccine, with the positives far outweighing the negatives; a mild fever for one night is no one’s idea of fun, but it’s better than COVID-19.

Here's What It Feels Like To Get A COVID-19 Vaccine
Photo by Gustavo Fring via Pexels

In order to control the pandemic, it’s also necessary for the majority of the population to get the shot. “That is really critical for the general population — keeping people healthy so that they can go back to work, go back to school and so we can really reopen society in a way that we would like to,” infections disease epidemiologist Yvonne Maldonado told the Huffington Post.

RELATED: Scientists Say This Could Jeopardize A COVID-19 Vaccine

The COVID-19 vaccine is different than your average flu shot. Pfizer and Moderna, the two companies behind the most promising vaccines, require two dosages of the shot, which will be administered within a short period of time. “You’ll know when you get the vaccine, but that also tells you it’s working and that your body is responding,” FDA Chief Margaret Hamburg told CNBC.

Here are some of the side effects people might experience once they get the vaccine:

Headaches, fever and arm pain

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RELATED: Here’s What It Feels Like To Get A COVID-19 Vaccine

About 5 to 15% of participants reported short term side effects that are similar to those experienced with other vaccinations. Subjects experienced some inflammation, which represents the body’s natural immune response to the pathogen. Some people experienced pain at the spot of injection, low grade fever, some headaches, muscle aches and fatigue, with symptoms lasting from 12 to 36 hours.

More of a reaction after second dose

Why Do We Procrastinate Sleep Even When We're Tired?
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In both trials for the vaccine (Moderna and Pzifer) subjects experienced a more significant response when the second dosage was introduced. Still, side effects remained mild to moderate.

After the second dosage more people reported a fever, headaches and fatigue, including those who hadn’t experienced a reaction the first time. In the most severe cases, subjects reported fever and bad headaches, which could leave them in bed for a full day. These symptoms can be treated with regular pain killers and anti-inflammatory drugs like Advil or Aleve.

Google Will Now Let Users Edit Microsoft Office Files Right From Their Gmail Inbox

The company also announced the launch of a new macro conversion add-on tool that would make it easier for users to transition from Excel to Sheets.

By Shivdeep Dhaliwal

Alphabet Inc GOOGL 0.41% GOOG 0.44% subsidiary Google said Friday it will allow users of its Gmail service to edit Microsoft Corporation’s MSFT 0.21% Office suite attachments directly.

What Happened: The Sundar Pichai-led company said in a statement that users would be able to edit Office documents with a single click from their Gmail while preserving the original format.

The new workflow would allow users to respond to an email thread and include the updated file from Docs — thus saving them the time that would have been spent downloading the file or locating the relevant email to reattach it to.

Google also announced the launch of a new macro conversion add-on tool that would make it easier for users to transition from Excel to Sheets.

The Mountain View, California-based company said it was adding an improved document orientation and image support to Docs in order for mixed-orientation files to be created.

Next year, the company plans to add support for inserting images behind text and watermarks.

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Photo by 377053 via Pixabay

Why It Matters: The latest rejig will lead to the need for “fewer tools that do more,” according to Google.

This summer, Google revamped its email service for business users and integrated tools such as video, chat, email, files, and tasks.

RELATED: These Google Queries Set A Record High During Peak Pandemic

Gmail was reported to have 1.5 billion users at the time and GSuite — now rebranded as Google Workspace — has 6 million business customers. In terms of productivity software, Microsoft Office was the leader, as per CNBC.

Price Action: Alphabet Class A shares closed nearly 0.6% lower at $1,767.65 on Thursday, the company’s Class C shares closed almost 0.5% lower at $1,775.33. On the same day, Microsoft shares closed 0.6% lower at $210.52.

This article originally appeared on Benzinga and has been reposted with permission.

Is The NBA Close To Ending Its Ban On Marijuana?

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The NBA will suspend random testing for marijuana for the 2020-21 season and focus its attention on performance-enhancing products and drugs of abuse.

Marijuana has been stuck on the top of the NBA’s banned substances list for a long time, but some recent changes in policy could indicate that it might not be for long. Now that more than half the nation has legalized marijuana for medicinal and recreational purposes, officials overseeing professional basketball’s inner workings are starting to lose interest in players who smoke weed. 

The NBA and the National Basketball Players Association (NBPA) recently announced that it is discontinuing random drug screens for marijuana in the 2020-21 season. “Due to the unusual circumstances in conjunction with the pandemic, we have agreed with the NBPA to suspend random testing for marijuana for the 2020-21 season and focus our random testing program on performance-enhancing products and drugs of abuse,” NBA spokesperson Mike Bass said in a statement.

Although the decision to end marijuana testing is just an extension of the drug testing hiatus put into place at the beginning of the pandemic, the fact that the NBA isn’t in any hurry to start it up again is positive news. In March, just as the season was being forced to shut down because of COVID-19, the NBA pulled the plug on recreational drug testing until it could resume. The season has already come and gone. The Lakers won the championship, and players still aren’t being questioned about their pot use. But, given the NBA’s stance on cannabis, they probably should be.

In July, a feature story in The Athletic revealed that NBA players were going buck wild with bud inside the Orlando bubble. Many players tried to figure out how long a pound of pot would last them while waiting to see if their team would face elimination.

Most players were locked down for at least 40 days during playoff season, while others were there for more than 50. Players with the Los Angeles Lakers and Miami Heat were inside the basketball bubble for 82 days. So, just how much marijuana was on Disney World’s property during the playoffs? “You’re asking about Fight Club,” one agent told the news source. “There’s no testing for a reason.” 

NBA Exploring Marijuana For Players, Worried About 'Crazed Attorney General'
Photo by tookapic via Pixabay

NBA Commissioner Adam Silver has said that sometimes he feels uncool continuing to test players for marijuana. He admits the league is looking to change the drug policy eventually. But he doesn’t want to take any bold steps that might send the wrong message to the fans. Especially the young ones.

RELATED: Is The NBA Pro-Marijuana Now?

“When we change our policy, we have to be really careful because we’re clearly sending a message to young people,” Silver said in June. “Just like with alcohol, you have to teach young people how to use a substance appropriately and responsibly, so it doesn’t overwhelm your life.” 

While the NBA doesn’t have any interest in randomly testing for marijuana during the 2020-21 season, it still reserves the right to test players and coaching staff if they have “cause” to do so. This applies to past offenders and any other situation where blatant marijuana use is suspected. But other than that, they aren’t going to worry about who is smoking pot for a while.

RELATED: Which Sports Fans Smoke The Most Weed? (Hint: It’s Not Baseball Or Basketball)

Of course, NBA officials haven’t come out and said that they are temporarily halting drug testing as a baby step toward ending prohibition on the substance altogether. It claims the move is more of an effort to limit any unnecessary contact with players while the pandemic continues to threaten everyone’s safety.

The NBA’s collective bargaining agreement outlines the ban on marijuana. It’s set to run through the 2023-24 season.

Heavy Marijuana Users Are More Dangerous Drivers

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Researchers found those who heavily use cannabis before the age of 16 displayed more impulsive, reckless driving.

Safe driving guidelines generally recommend waiting at least an hour per drink you’ve consumed before getting behind the wheel. But when it comes to marijuana, there’s no similar rule of thumb. But even if there were, it wouldn’t matter for some heavy marijuana users, according to recent research. Heavy marijuana users are more dangerous drivers, even when sober.

A study published in the journal Drug and Alcohol Dependence found that even when sober, chronic cannabis users are more dangerous drivers compared to non-users. The problem is most acute in those with early on-set marijuana use before the age of 16. Scientists believe that smoking cannabis at an early age causes irreparable changes to the brain, causing someone to be more aggressive in their decision making.

RELATED: How CBD And THC Affect Your Driving, According To Landmark Study

“People who use cannabis don’t necessarily assume that they may drive differently, even when they’re not high,” said co-author Staci Gruber, the director of Marijuana Investigations for Neuroscientific Discovery at Harvard Medical School. “We’re not suggesting that everyone who uses cannabis will demonstrate impaired driving, but it’s interesting that in a sample of non-intoxicated participants, there are still differences in those who use cannabis relative to those who don’t.”  

To better understand what long-term effects heavy cannabis use had on the road, participants underwent a series of tests using driving simulators. Participants were also required to not use cannabis for at least 12 hours prior to the study. In the driving simulator exercises, the heavy marijuana user group were more likely to run red lights, exceed speed limits, crash into pedestrians, and make turns across the center line.

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Photo by Graham Hughes/EyeEm/Getty Images

But then researchers divided the marijuana group by when they first started using cannabis. They discovered the dangerous driving behavior was mostly localized to the group who had started smoking weed before the age of 16. They also discovered the earliest cannabis users displayed more impulsivity, although they couldn’t determine whether marijuana had caused the impulsive behavior, or if their brains were already hardwired that way.

RELATED: Study: Young Marijuana Users Develop Brain Protein Linked With Stress And Anxiety

“It didn’t surprise us that performance differences on the driving simulator were primarily seen in the early onset group,” said co-author Mary Katherine Dahlger, a post-doctoral fellow Marijuana Investigations Harvard group. “Research has consistently shown that early substance use, including the use of cannabis, is associated with poorer cognitive performance.”

Dahlger added, “What was interesting was when we examined impulsivity in our analyses, most of the differences we saw between cannabis users and healthy controls went away, suggesting that impulsivity may play a role in performance differences.”

Melania Trump Already Has Her Bags Packed

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Sources close to FLOTUS say she’s been shipping items to her Florida and New York residences and that she’s ready to go home.

While Donald Trump has yet to concede the presidency, Melania Trump is making plans for a future outside of the White House. According to inside sources, the First Lady has been busy for the past couple of weeks shipping items to the couple’s New York and Florida homes and tasking emissaries to find out what’s available for her family’s life post-presidency.

CNN reports that Melania “just wants to go home.” When discussing her husband’s possible 2024 bid for a second term as president, a source says “that might not go over well” with the soon to be former FLOTUS.

Here's Why The White House Is Moving Against Cannabis Reform
Official White House Photo by Andrea Hanks

Two sources familiar with White House proceedings said Melania tasked Marcia Lee Kelly, a special government employee, to discreetly ask members of the Office Management and Budget whether there were tax payer funds available for former first ladies. There are not.

RELATED: How The Pandemic Has Affected Kids’ Letters To Santa

“While there are post-presidential perks for such things for the outgoing commander in chief, budgets to set up an official office and staff and cover some travel costs, there is nothing from the government for any first lady, save a paltry $20,000-a-year pension, which is paid out only if her husband dies,” explains CNN.

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During her home stretch as a White House resident, Melania has remained busy by shaping her legacy, specifically selecting china to leave for future administrations and figuring out a new twist on the memoirs that are usually published once first ladies leave the White House. She seems to be interested in a “photo-centric coffee table book,” one that discusses White House hospitality and the redesign projects she’s taken up over the past four years. We wish her all the best.

Cannabis For The Holiday Hangovers

If just saying “no” isn’t on your to-do list this holiday season, cannabis might make a welcome addition to your revelry recovery agenda.

The holiday season is famous for Yuletide cheer, peppermint lattes, heated family discussions around a high-calorie spread, and trolling slushy streets and the internet for the gift that says “I see you and I care” more loudly than “This was on clearance.”

But let’s face it, the holidays are also famous for the booze: huge vats of foamy eggnog potent enough to pin your Aunt Nancy to the couch, spiked hot chocolate to ward off the winter chill, and round after round of craft cocktail creations to keep all of those Zoom parties merry and bright when the video keeps freezing and half of the crew can’t figure out how to unmute. For those who imbibe, holiday drinking can take a toll and when that holiday hangover comes calling, more than a few revelers will be reaching for a cannabis cure.

Dehydration, headache, nausea, vomiting, lethargy, and lack of concentration are all hallmarks of the garden variety hangover. According to a study published in the British Journal of Pharmacology, cannabis might be the ideal treatment for two of these ailments in particular. “Considerable evidence demonstrates that manipulation of the endocannabinoid system regulates nausea and vomiting in humans and other animals”. This manipulation, in the context of this study, refers to the consumption of cannabinoids in order to inhibit nausea and vomiting that occurs “in response to a toxic challenge.”

A study from Skaggs School of Pharmacy and Pharmaceutical Sciences at the University of Colorado speaks to cannabis’s efficacy in treating pain related to headaches and migraines, with inhaled forms proving more effective in treating acute symptoms. According to the study, the active ingredients in cannabis are able to target pain receptors at the base of the spinal cord, which results in an enhancement of “the natural system for pain management in the body.” What’s more, marijuana can also stimulate appetite by turning off hormone pathways that make us feel full, which can help hangover sufferers get some food back into their stomachs and reduce acidity.

Marijuana Hangovers Are Real: What You Need To Know
Photo by South_agency/Getty Images

If a smoke or vape is your speed, CBD:THC strains like HarlequinDancehall, and Sour Tsunami are known hangover helpers. Don’t feel like lighting up to beat off those boozy blahs? Relief can still be yours, with some forward-thinking brands offering up alternative forms of hangover relief for the holidays and beyond.

RELATED: Alcohol Takes Backseat To Cannabis As Intoxicant Of Choice

Rhythm, an infused CBD company focused on drinks that feature adaptogens and superfoods as well as CBD, has developed Rhythm Recover, a Lemon Ginger seltzer infused with 15mg of hemp extract and highly bioavailable turmeric extract for an anti-inflammatory boost.

RELATED: 5 Simple Ways Marijuana Can Help You Smash A Hangover

For headache-healing hydration without the fizz, a CBD-infused coconut water such as that offered by Vita Coco might be just the thing. The coffee cure is a traditional favorite but can leave you feeling twice as exhausted by the end of the day.  Crappy’s Feel Better Hangover Helper chewable tablets with CBD, CBG, and CBN plus recovery-focused terpenes keep the caffeine crash at bay.

So happy holidays to all, and if just saying “no” isn’t on your to-do list this holiday season, cannabis might make a welcome addition to your revelry recovery agenda.

This article originally appeared on Green Market Report and has been reposted with permission.

Kate And William Have Changed In This Major Way Since Meghan And Harry Left

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It seems Megxit had a positive side-effect on at least two royals: William and Kate seem to be happier than ever.

It was almost a year ago that Prince Harry and Meghan Markle announced they’d be stepping away from royal duties. And ever since, their in-laws have been thriving.

According to royal biographer Angela Levin, Prince William and Kate Middleton “have changed” since Megxit. Most notably, they’re visibly way less stressed.

Speaking to talkRADIO, Levin said the Duke and Duchess of Cambridge look like they’re having more fun, pointing to the couple’s 48-hour, nine stop tour across the U.K. that started Sunday.

“When you see that with Kate and William … when we saw them this morning, they were laughing,” Levin said, referring to a shared moment the couple was caught enjoying at a “Toast Your Own Marshmallow” stall at Cardiff Castle in Wales on Tuesday.

“I think there’s been a big change since Harry and Meghan have gone that they feel more relaxed.

“Maybe not under attack and they feel very much like a team, you can feel that.”

The Major Way Kate Middleton and Prince William Have Changed Since Harry And Meghan Left
Photo by Jonathan Buckmaster – Pool / Getty Images

According to the Daily Mail, Kate and William embarked on their whirlwind tour to pay tribute to the incredible work of those who have gone above and beyond in response to the coronavirus pandemic.

Says Levin, “you can see that they’re natural together and they both are hoping to do the right thing at the right time.

“And the way they talk and interchange, sometimes he does and sometimes she does.”

RELATED: Kate Middleton Pregnant? 5 Signs She Might Be

Body language expert Judi James (the same woman who suspected back in October that Kate might be pregnant again) told the Daily Mail that “there has been a relaxing of the body language rituals of William and Kate recently and it does appear to date back from Megxit, after which the remaining top-tier royals suddenly put in an effort to appear actively cheerful and upbeat and, in the case of the Cambridge’s, much more openly affectionate during their public appearances.

“It has appeared to allow William and Kate to relax a little more in public and to show some very authentic-looking glimpses of their relationship, rather than forcing them to put on a fake performance for the cameras.”

The Duke And Duchess Of Cambridge Visit Communities Across The UK
Photo by Chris Jackson/Getty Images

Earlier this week, William and Kate were snapped placing their hands on each other’s backs during one of their stops.

RELATED: Former Royal Butler Spills Tea On Queen’s Falling Out With Prince Harry

Judi noted that this was a more intimate gesture. “William has used a hand on his wife’s back as a gentle steering gesture in the past but yesterday he placed one splayed hand onto the back of Kate’s waist while they were just standing chatting to a member of the public, meaning it was a spontaneous touch of affection rather than a tie-sign to carry on walking.”

In past years, Judi says the couple specialized in bland body language, “with little more than their intense subliminal mirroring to hint at the strength of their feelings, but they do seem to have realized now that they can relax more without losing control of their privacy.”

House Approves Bill To Enhance Medical Marijuana Research

In addition to trying to get through the bureaucratic red tape that it takes to get approved to study marijuana, researchers have only been allowed to use weed grown by Uncle Sam at the University of Mississippi.

Politicians, drug warriors and other naysayers of the nug are always complaining that there’s not enough research available to prove the efficacy of medical marijuana for the treatment of various health conditions. But that’s difficult when the United States government continues to ensure that scientists only get the trashiest bud to gauge its therapeutic performance. However, Congress is working on a plan that would allow researchers to have access to higher quality cannabis products.

The U.S. House of Representatives passed a bill on Wednesday afternoon designed to enhance medical marijuana research nationwide. The proposal, which is aptly titled “The Medical Marijuana Research Act (MMRA),” would provide scientists with the same cannabis grown and sold in legal states. It’s a positive step for cannabis researchers who have complained for decades that the government’s research-grade marijuana is subpar to what is available in states where it is legal. 

Democratic Congressman Earl Blumenauer, who sponsored the measure with a number of Republicans, said before the bill’s passage that the time has come to change the antiquated protocols on research marijuana. 

“The cannabis laws in this country are broken, especially those that deal with research. It’s illegal everywhere in America to drive under the influence of alcohol, cannabis, or any other substance. But we do not have a good test for impairment because we can’t study it … This is insane and we need to change it,” Blumenauer said. “At a time when there are four million registered medical cannabis patients, and many more likely self-medicate, when there are 91% of Americans supporting medical cannabis, it’s time to change the system. Our bill will do precisely that.”

For decades, the federal government has played games with researchers looking to study the effects of cannabis. In addition to trying to get through the bureaucratic red tape that it takes to get approved to study marijuana, researchers have only been allowed to use weed grown by Uncle Sam at the University of Mississippi. And while this product may have been acceptable back in the 1970s, 80s and 90s, it is not up to today’s standard. Several marijuana research programs, including one on PTSD, have been set back over the years because of a lack of pot variety and potency. 

Marijuana's Schedule I Status Is Preventing Researchers From Studying It
Photo by CasarsaGuru/Getty Images

Scientists have argued that in order to get a good look at the pros and cons of cannabis, they need to be examining the same quality herb that is being sold in legal states. And while the U.S. Drug Enforcement Administration (DEA) was supposed to allow more growers to help remedy these concerns, no changes have been made. The MMRA would kick some much-needed progress into gear.

RELATED: Secret Memo Shows Trump Administration Blocked Marijuana Research For Years

“These common-sense regulatory changes are necessary and long overdue,” said NORML’s Deputy Director Paul Armentano. “The DEA has proven time and time again that it is not an honest broker when it comes to overseeing the cultivation of research-grade cannabis. Despite promising over four years ago to expand the pool of federal licensees permitted to provide cannabis for clinical research, the agency has steadfastly refused to do so — leaving scientists with woefully inadequate supplies of cannabis and cannabis products available for human studies.”

RELATED: Why Mice Are Perfect For Marijuana Research

Unfortunately, much like the recently approved MORE Act, there isn’t much chance of the MMRA getting through the Senate. Senate Majority Leader Mitch McConnell has made it perfectly clear that he isn’t going to help further a movement seeking to legalize marijuana.

Still, it seems that the Democrats are setting pot reform up for a quick attack in case they take control of both Congressional Houses in Georgia’s upcoming runoff election. If that happens, we could see both bills moving swiftly to the desk of President-elect Joe Biden in the coming months.

Cannabis Investment Boom: Its Existence Is Up For Debate, Say Industry Insiders

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From intricate tax laws to the evolving acceptance of marijuana in the United Nations, cannabis investing is no walk in the park.

The green wave of cannabis reform swept through America on Election Day 2020, ushering in new laws across five states. The momentum could continue, depending on the Senate’s balance of power, which will be determined in two January runoffs in Georgia. 

The belief among some in and around the cannabis investment space is that if the Democrats win Senate control, the industry could see the passage of crucial bills, including the MORE and SAFE Banking Acts, bolstering the cannabis market’s long-term potential. 

“We see a Biden/Harris win as much more important for long-term cannabis investments. It should lead to continued decriminalization, expungement, and depending on the Senate, federal legalization,” said Cannapreneur Partners Co-CEO Todd Sullivan. 

However, New Frontier Data‘s Senior Director of Industry Analytics, Kacey Morrissey, explained that the industry saw growth under President Trump, including a 37% CAGR increase between 2016 and 2020. 

With growth of some kind likely to occur under both parties, one may think it is time to invest. However, the market’s varied views cast a layer of uncertainty every investor must assess before taking the plunge. 

Is The Cannabis Boom Ready To Happen? Is It Here? Did It Happen Already?

Depending on whom you ask, the answer is likely to vary. 

Some, like Cresco Labs Co-founder Joe Caltabiano, says now is the time. The JSC Fund founder cites evolving public perception and laws as critical indicators. “Companies have already experienced significant headwinds, and with all of the positive momentum, you will see those winds now propel companies forward to greater profitability and higher stock price,” he predicted. 

New Frontier Data’s Morrissey discussed positive signs as well, including the ongoing market performance during the pandemic. “The strong performance of the cannabis industry during the COVID-19 pandemic has affirmed the ‘recession-proof’ nature of the industry,” she said, predicting that investors are likely to be attracted to a market with numerous beneficial converging factors. 

Others aren’t as sure. CEO of infusion tech company Vertosa, Ben Larson, said that anyone looking to make a boom in the space now is certain to go bust. 

RELATED: Election Results Getting You Stoked About Cannabis Stocks? Here’s How To Invest

Larson, who served in the founding of cannabis accelerator Gateway, said that a boom is not underway at this time. He believes that a true green wave will come with “significant institutional support,” which includes a passage of the MORE Act, banking access and cross-state commerce. “Any so-called ‘booms’ that are happening now or have happened in the past are purely speculative,” stated Larson.

person using phone and laptop computer
Photo by Austin Distel via Unsplash

Tips For Would-Be Cannabis Investors

Opinions may vary on the status of the market’s investment boom. However, each source stressed the importance of investor knowledge before getting involved. 

Vertosa’s Larson noted that a Democrat-held White House is no silver bullet. However, the current industry is still worthwhile for informed investors. “Investors have to be very deliberate and do their due diligence to ensure they understand the triggers for growth of the investments that they’re making,” he said, highlighting that many company projections hinge on institutional support coming to fruition. 

Cannapreneur Partners’ Sullivan gave similar feedback, noting that nothing has changed on the federal level despite the House’s passage of the MORE Act in December. He predicts a growing investor turnout, with the private markets excelling over the next two to three years. 

RELATED: What You Need To Know About Investing In Marijuana With A Biden-Harris Win

Like Larson, Sullivan sees institutional support as a key factor. Urging the need for interstate commerce, he said there is a long way to reach this legislative goal and other critical points in the market’s progression. “If commerce continues to be restricted across state lines, even with federal legalization, companies will still have a tough time expanding, and the national market won’t change too much,” Sullivan said.

Potential investors have a myriad of additional points to consider when considering cannabis. From intricate tax laws to the evolving acceptance of marijuana in the United Nations, cannabis investing is no walk in the park. Investors must be well-versed in the subject or face a high risk of losing their shirt.

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