Tuesday, September 22, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, September 22, 2020 | Curated by host Shea Gunther

// Hemp Advocates Secure Major Win In New House Government Funding Measure (Marijuana Moment)

// Texas Ban On Smokable Hemp Lifted Until 2021 Judge Rules (Marijuana Moment)

// Scott says lawmakers have ‘come a long ways’ on retail pot bill (Valley News)


These headlines are brought to you by MJToday Media, publishers of this podcast as well as our weekly show Marijuana Today and the most-excellent Green Rush Podcast. And check out our new show Weed Wonks!


// New York Launches Process For Destroying Marijuana Conviction Records (Marijuana Moment)

// Cannabis Subscription Boxes Grow By 550% (Green Market Report)

// Canadian Cannabis Sales Accelerate in July to $232 Million (New Cannabis Ventures)

// Study: Recreational Marijuana Could Bring Connecticut $100 Million Over 4 Years (WSHU Public Radio)

// Legal Marijuana Now Party turns in signatures for official recognition in Nebraska (Cherokee Tribune & Ledger News)

// Marijuana seller’s story of ‘badass’ Mexican sisters was a cultural misstep Latinas say (Herald Mail (AP))

// Millennials Prefer Smoking Their Cannabis (Green Market Report)


Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

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Photo: Mark Fuya/Flickr

Why CBD Flowers Are a Growing Trend With Millennial Smokers

When it comes to currently trending products and ideas, there’s a huge chance that it was started by millennials – enter CBD Flowers.

Despite their negative reputation in the media, millennials are compassionate, progressive and innovative problem solvers that are really the fire fueling the cannabis and CBD movements. If it wasn’t for millennials, these industries wouldn’t exist, at least not on the massive level on which they exist today. Seeing as how they’re the backbone of the industry, it makes sense that CBD Flowers are a growing trend amongst millennials, let’s take a look at why.

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Defining “Millennials”

Millennials are the demographic group between
Generation X and Generation Z. Millennials are sometimes referred to as Generation
Y, although that’s not as common. It’s widely accepted that the defining age
range for millennials is those born between 1981 to 1996, however, those
numbers vary slightly based on who you ask. As someone born in the early 90s, I’m
smack-dab in the middle of the millennial time frame.

As of July 1, 2019, millennials are officially
the largest living adult generation, surpassing Baby Boomers, who were born
between 1946 and 1964. Although millennials get a lot of flak for being easily
offended, entitled, and even lazy – this stereotype only applies so a small
percentage of the millennial population. And let’s be real for a minute here,
people of all ages can be easily offended, entitled, and lazy.

Millennials have brought forth many societal
issues to the American people, exploring subjects like racial and ethnic
diversity, civil liberties, women’s advancements, and equal rights. Millennial women,
just like Gen X women, are more likely to participate in the nation’s workforce
than prior generations of women.

Growing Popularity of CBD Flowers

According to a new market research report published by Markets and Markets earlier this year, the hemp industry is expected to see a compound annual growth rate of around 34%. The report, titled “Industrial Hemp Market by Type (Hemp Seed , Hemp Seed oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region – Global Forecast to 2025″, predicts the hemp market will reach USD $26.6 billion by 2025.

Hemp Market Growth Predictions: $26.6 Billion By 2025

Breaking it down further, one of the fastest-growing sectors of the hemp industry is smokable CBD flowers. Although this is a rather volatile market, there’s no denying that demand for CBD flowers is growing exponentially, not just in the U.S. but throughout the rest of the world. Hemp flowers have been popular in Europe for quite some time already as cannabis-users in many European countries prefer low-THC flower.

Research from Brightfield Group, a Chicago-based cannabis industry research
firm, the smokable hemp/CBD flower market was roughly $71 million at the close
of 2019. This is a 500% increase from 2018, when the market totaled only ­­­­$11.7
million. They didn’t provide any information about projected numbers, but as
you can see, that’s a huge year-over-year increase.

According to Brightfield analyst Bethany Gomez says they discovered this growing trend by calling retailers, including smoke shops, spas and natural-food stores, to find out what they were selling. Many of these stores, including those that sell CBD flowers, are frequented by millennials and gen z sh

Why CBD Flowers Are So Popular

I can’t speak for
why CBD flowers are so popular among this specific demographic, but I can
definitely think of many reasons why someone (of any age) would chose to try them.
First and foremost, they’re super relaxing; but in a different way than regular
cannabis. While regular cannabis will actually make you feel a certain level of
high (stoned, baked, lit, or whatever you want to call it), CBD flower chills
you out with no psychoactive effects. You can unwind after work or out with
friends but still have a clear head and keep your wits about you.

It’s also legal, which is a huge selling point for anyone concerned about breaking the law. Following the 2018 Farm Bill, all forms of hemp – defined as having very low levels of THC – became legal in the U.S., but we’ll touch more on that a bit later. As far as low THC goes, it’s also more likely that you’ll pass a drug test if you’re only using CBD Flowers, but that’s not 100% guaranteed.

CBD Flowers 101: 10 Most Frequently Asked Questions Answered

The price point is another plus side to using CBD flower, as it’s usually considerably cheaper than high-quality THC-dominant cannabis. Many online retailers often have great deals on ounces and pounds that can be shipped directly to your home. If you need help finding good-quality CBD flowers at a low price, check out our newsletter – The CBD Flowers Weekly.

A survey conducted by Acosta found that the key CBD demographics are millennial men, most of which have a college degree. Forty-eight percent of male survey respondents said they use CBD daily or “as-needed”, compared tos 28% of female participants.

Health Benefits of CBD

If you search online, you’ll find
there is a claim for CBD helping with nearly every medical condition under the
sun. Although a lot of these notions can be attributed to misinformation, placebo
effects, and some over-ambitious advertising, there are a few conditions that
actually have been studied thoroughly and respond well to CBD treatments. Most
commonly, CBD is used for anxiety and depression, chronic pain, inflammation,
and epilepsy.

The only FDA-approved CBD-based medication, Epidiolex, is
used to treat two rare forms of epilepsy: Dravet Syndrome and Lennox-Gestaut
Syndrome. Not only is this medication used in the United States, it’s also has large
market in Europe under the name Epidyolex, and it has also been
cleared for clinical trials in Japan.

A lesser known but equally important therapeutic use for CBD is to
help people kick
their addictions
 to various substances. Over the years, multiple studies
have been published outlining how CBD can do wonders for those who are hooked
on cigarettesalcohol, and/or opioids. Habitual use of these substances is not only dangerous to
the individual, but there are major societal repercussions as well.

What’s the Legal Situation Here?

Honestly, it’s still all very
confusing and continuously changing. To quickly sum it up, it’s legal thanks to
the 2018 Farm Bill, but highly regulated. Before we can get into the legalities
of hemp, we need to look at how the government defines hemp.

According to the FDA, hemp is defined as “the plant Cannabis sativa L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis.”

The DEA Removes CBD From the Controlled Substances Act – But There’s A Catch

Hemp, both industrial and smokable CBD
Flowers, are NOT regulated as controlled substances. However, any manufactured
product containing cannabis or hemp extracts (ie – cannabinoids) still is. That
means CBD, medications, supplements, and cosmetics are still technically
illegal unless they have been subjected to FDA-approval, which is a tedious and
costly endeavor.

This policy isn’t slated to change anytime soon, the only difference is that now, Epidiolex can be manufactured and sold as non-controlled substance. In the United States, most medications such as those for blood pressure, diabetes, heart conditions, and other common illnesses are not considered “controlled substances”. Medications that can cause intoxication and/or those that lead to mental and physical dependence, like opioid pain medications for example, are regulated under the controlled substances act because there are restrictions on the way these prescriptions can be filled and refilled.

Final Thoughts

You may have thought that Boomers were the largest demographic
shopping for CBD flowers, but it’s actually millennials. As a group that’s focused
on innovation, wellness, and homeopathy, it makes sense they would gravitate
toward CBD flowers, as well as other cannabidiol infused products.

Thanks for stopping by CBDtesters.co, your hub for all things
CBD, hemp, and cannabis-related. Stop by frequently and make sure to subscribe
to the CBD Flowers Weekly Newsletter to keep
yourself up-to-date.

The post Why CBD Flowers Are a Growing Trend With Millennial Smokers appeared first on CBD Testers.