2 pot stocks to watch before Friday

With cannabis booming in states such as Colorado and California, other states have begun to legally sell medical and recreational marijuana. Naturally, some might say the next move is to go beyond the plant and invest in the marijuana stock market. As most investors know, the pot stock market is changing.

Because this industry is still a new market, it seems that the entire industry is shifting. This is completely normal, and this is something that the cannabis industry should expect. More and more marijuana companies are vying for resources, and there seem to be many options. This means that before investment. Potential shareholders must do proper research to make sure they know everything about a given pot stock to make a good investment 

The potential benefits of cannabis stocks are enormous, especially as more and more US states go to legalize medical marijuana. These legislative changes may eventually legitimize recreational marijuana in more than nine states, including the District of Columbia. Until then, pot stock is still an impressive $35 billion industry and will lead the mainstream in the future.

A Lifestyle Pot Stock to Watch 

Integrated Cannabis Company Inc. (ICNAF Stock Report) (ICAN Stock Report) is one of the leading health and wellness-based pot stocks. The company has stated that they have a heavy passion for producing various lifestyle products that can be used to aid in the daily health of a given individual. The company does this by producing a wide range of products that are for sale on the open market. 

marijuana stocks to buy

Through a large amount of research and development, the company has been able to formulate specific delivery systems and advanced formulations. For this reason, they have remained one of the key pot stocks to watch for some time now. The company has been working with its newest products to begin on a stronger move into the pot stock market. 

One of the main products that the company has been into the open market has been that of their patented X-SPRAYS CBD formulation. The company worked tirelessly to produce this product with an extremely high level of efficiency within the product in terms of how it is delivered to the body. The product uses nanotechnology to increase bioavailability, which has been an issue in some other products that have been seen on the market. While they continue to work on the distribution of this product, the company has illustrated that their innovation makes them a pot stock to watch

The Big REIT Pot Stock 

Innovative Industrial Properties (IIPR Stock Report) has been the subject of several pieces of news in the past few weeks. Despite its large profitability, the company has seen its stock lose quite a bit of value in the past month or so. The company is a REIT, which means that own and operate several facilities around the U.S. where companies can produce their product. The business has been able to expand rapidly, but their expansion has also left them somewhat stagnant for now. 

IIPR Pot Stock

The company should be viewed as more stable than most in terms of their future prospects. IIPR has all of its facilities currently leased out which is why their profitability remains high. In addition, they are required to pay out the majority of their profits in the form of dividends to investors. This is positive that some investors look for when picking a pot stock to watch

New Hampshire Health Organization to distribute prescription lock boxes to parents

More than 800 New Hampshire families are getting lock boxes and safe disposal bags in hopes of keeping youth away from prescription drugs and making a small dent in a big problem.

Officials from the Capital Area Public Health Network and the Rx Abuse Leadership Initiative of New Hampshire said Tuesday they will be distributing the boxes and bags at community events and recovery-friendly workplaces in Concord and two dozen surrounding towns. Parents can request them directly from the organizations, said Annika Stanley-Smith, the network’s director of substance misuse prevention.

She said prevention is an important part of addressing the state’s opioid crisis, and the new initiative builds on other programs, such as the periodic drug take-back days when police departments collect prescription medication.

“Prevention can’t just be one event at one time. Prevention needs to happen every day and everywhere. We need to stack up protective factors,” she said. “We want to meet people where they’re at.”

A study published in July involving more than 18,000 high school seniors found that about 11 percent reported misusing prescription medication in the past year. Within that group, nearly half said they had multiple sources for the drugs, including family members, friends with prescriptions and other sources that led back to prescription drugs in the home, according to the study published in the Journal of the American Academy of Child & Adolescent Psychiatry. A second study published in the same journal examined the source of prescription drugs misused by nearly 104,000 adolescents ages 12 to 17. The most common sources were family members, friends and prescriptions written for previous conditions. About 30 percent of those misusing the drugs took them from their home medicine cabinets.

Sean Esteban McCabe, the studies’ author, said Tuesday more than 90% of American households that contain controlled substances are easily accessible to youth. Evidence is building that offering families cost-effective ways of safe prescription drug disposal methods is an effective in reducing the amount of leftover medications, he said in an email.

“New Hampshire is taking an important step in educating families about the importance of proper storage and disposal of controlled substances,” said McCabe, a professor at the University of Michigan Center for the Study of Drugs, Alcohol, Smoking and Health.

In New Hampshire, which has been among the states hardest hit by the opioid crisis, a recent survey by the public health network found that more than 80 percent of youth in the Concord region had easy access to prescription drugs. The initiative announced Tuesday was one of many efforts to address the crisis, along with a new hub-and-spoke model called “The Doorway-NH” in which hospitals and others work with local providers to ensure that help is less than an hour away anywhere in the state. Multiple fire departments also have created “Safe Stations” to direct people to treatment and services.

In Nashua, Fire Chief Brian Rhodes said Tuesday that as of last week, the city had seen a 3 percent decrease in fatal overdoses in the last year, compared to the previous year.

“I think we are seeing some successes, but I don’t know if we can pinpoint any one thing,” he said.

He said he may be difficult to measure the success of efforts like distributing the lock boxes, but said he absolutely thinks such an approach is worth it.

“We did not get into this crisis overnight, and we’re not going to get over it overnight, but I think educating our youth to the dangers of prescription drugs is critical for their survival,” he said.

Massachusetts bans all vaping products

At a press conference on Tuesday, Massachusetts Governor Baker said that he is banning all vaping products in the state until Jan 25, 2020. Across the country, consumers have reported vaping-related illnesses. 530 people said they have have been affected, and nine people have died. Massachusetts’ Department of Public Health said this month that all physicians must report any vaping-related pulmonary disease to the department, and the state is now tallying 61 possible cases.

Mission Dispensaries, has two current locations in Massachusetts (Georgetown and Worcester) and a third coming soon. The company’s Kris Krane, President of 4Front Ventures, which owns the dispensaries said, “The governor’s decision to ban the sale of vape products in Massachusetts is an unfortunate reaction to a genuine public health concern. Evidence suggests the overwhelming majority of vape-related illnesses have resulted from the use of unlicensed and unregulated vape cartridges obtained from the illicit market. Though he may have the best intentions, banning the sale of legal vape products produced in a heavily regulated industry will only serve to drive consumers and medical patients to the illicit market, possibly exacerbating these public health concerns rather than alleviating them. We stand behind our products and are confident the legal and highly regulated market is capable of protecting consumers.”

Many feel that banning all vape products is like throwing out the baby with the bathwater. Most of the illnesses have resulted from consumers using non-regulated and black market products.

“While the life-saving potential of nicotine vaping devices has been recognized by many public health authorities, several recent high-profile hospitalizations and illnesses have put vaping on trial, inviting scrutiny and calls for outright bans on the technology,” said Yaël Ossowski, deputy director of the Consumer Choice Center. “Contrary to the sensationalistic media reports, adults who use vaping and e-cigarettes as a means to quit smoking are vastly improving their chances of living long, healthy, and productive lives.

Canaccord Genuity analyst Bobby Burleson said, “In our view, recent reports of acute respiratory illness linked by regulators to THC vaping (and e-cigarettes) should ultimately accelerate the shift away from the black market for cannabis products in the US. The sell-off for stocks with heavy vape exposure has been severe with coverage names GNLN, KSHB, SLNG, and TILT meaningfully underperforming.”

He added, “While we are likely early days in resolving these industry challenges, longer term we expect associated revenue and EBITDA impact to our vape related coverage names to be more modest than the selloff suggests – vape is a lower margin business and THC vaping illnesses have largely been a black market phenomenon (with the exception of one case). It follows that supply chains and customer spending are likely to respond by shifting more dramatically to the tier one products and legal channels served by our coverage names.”

France forgets own golden age of medical marijuana

This past summer the French food and drug office, the Agence Nationale de Sécurité du Médicament, greenlighted limited medical cannabis trials inside France, something that’s been illegal since 1953.

Many have applauded the move as an important first step toward rational, public health-oriented cannabis regulation in France. The Agence Nationale de Sécurité du Médicament similarly praised the trial for its groundbreaking efforts to produce “the first French data on the efficiency and safety” of cannabis for medical therapies.

This is all well and good. However, when it comes to cannabis, a peculiar historical amnesia seems to be gripping French medicine. These trials are not the nation’s first efforts to produce scientific data on medicinal cannabis products. Far from it.

‘A drug not to be neglected’

During my research into the history of intoxicants in modern France, I found that in the middle 19th century Paris functioned as the epicenter of an international movement to medicalize hashish, an intoxicant made from the pressed resin of cannabis plants.

Many pharmacists and physicians then working in France believed hashish was a dangerous and exotic intoxicant from the “Orient” – the Arabo-Muslim world – that could be tamed by pharmaceutical science and rendered safe and useful against the era’s most frightening diseases.

Starting in the late 1830s they prepared and sold hashish-infused edibles, lozenges and later tinctures – hashish-infused alchohol – and even “medicinal cigarettes” for asthma in pharmacies across the country.

Throughout the 1840s and 1850s dozens of French pharmacists staked their careers on hashish, publishing dissertations, monographs and peer-review articles on its medicinal and scientific benefits.

Hôtel de Lauzun, the meeting place for the Club des Hachichins in Paris. Louis Édouard Fournier

French epidemiologist Louis-Rémy Aubert-Roche published a treatise in 1840 in which he argued hashish, administered as a small edible called “dawamesk” taken with coffee, successfully cured plague in seven of 11 patients he treated in the hospitals of Alexandria and Cairo during the epidemic of 1834-35. An anti-contagionist in a pre-germ theory era, Aubert-Roche, as most physicians then, believed the plague an untransmittable disease of the central nervous system spread to humans via “miasma,” or bad air, in unhygienic and poorly ventilated areas.

Aubert-Roche thus believed, mistaking symptom relief and luck for a cure, that hashish intoxication excited the central nervous system and counteracted the effects of the plague. “The plague,” he wrote, “is a disease of the nerves. Hashish, a substance that acts upon the nervous system, has given me the best results. I thus believe it is a drug not to be neglected.”

Reefer madness

Physician Jacques-Joseph Moreau de Tours, organizer of the infamous Club des Hachichins in Paris during the 1840s, likewise heralded dawamesk as a homeopathic wonder drug for treating mental illness. Moreau believed insanity was caused by lesions on the brain. And also believed that hashish counteracted the effects.

Moreau reported in his 1845 work, “Du Hachisch et l’aliénation mentale,” that between 1840 and 1843 he cured seven patients suffering mental illness at Hôpital Bicêtre in central Paris with hashish. Moreau wasn’t totally off-base; today cannabis-based medicines are prescribed for depression, anxiety, PTSD and bipolar disorders.

Despite the small sample size, doctors from the U.S., the U.K., Germany and Italy published favorable reviews of Moreau’s work with hashish during the late 1840s and across the 1850s. One praised it as a “discovery of much importance for the civilized world.”

Hemp harvesting on Rhine bank. Created by Lallemand and published on L'Illustration, Journal Universel, Paris, 1860.

Tincture wars

Though physicians in France and abroad touted dawamesk as a miracle cure, they also complained about the inability to standardize doses due to the variation in the potency of different cannabis plants. They also wrote about the challenges posed by the common adulteration of dawamesk, which was exported from North Africa and often laced with other psychoactive plant extracts.

In the early 1830s several physicians and pharmacists in the British Empire attempted to solve these problems by dissolving hashish in alcohol to produce a tincture. By the middle of the decade, French practitioners followed suit. They developed and marketed their own hashish tinctures for French patients. One pharmacist in Paris, Edmond de Courtive, branded his concoction “Hachischine” after the infamous Muslim assassins often associated with hashish in French culture.

The popularity of hashish tincture grew rapidly in France during the late 1840s, peaking in 1848. That was when pharmacist Joseph-Bernard Gastinel and the aforementioned De Courtive engaged in a legal battle over the patent – then known as the “right to priority” – for tincture manufactured though a particular distillation method. “L'Affaire Gastinel,” as the press termed it, caused an uproar in French medical circles and occupied the pages of journals and newspapers in Paris for much of that fall.

To defend his patent, Gastinel sent two colleagues to argue his case to the Academy of Medicine in October 1848. One, a physician called Willemin, claimed that not only did Gastinel devise the tincture distillation method in question but that his tincture provided a cure for cholera, also thought to be a disease of the nerves.

Though Willemin was unable to convince the Academy of Gastinel’s right to priority, he did convince doctors in Paris to adopt hashish tincture as a treatment against cholera.

Physicians in Paris didn’t have to wait long to test Willemin’s theory. A cholera epidemic erupted in the city’s outskirts just months later. But when hashish tincture failed to cure the nearly 7,000 Parisians killed by the “blue death,” doctors increasingly lost faith in the wonder drug.

In the following decades hashish tincture fell into disrepute as the medical theories of anti-contagionism that underpinned the drug’s use against the plague and cholera gave way to the germ theory and thus a new understanding of epidemic diseases and their treatment. During the same period, physicians in French Algeria increasingly pointed to hashish use as a key cause of insanity and criminality among indigenous Muslims, a diagnosis they termed “folie haschischique,” or hashish-induced psychosis. Heralded as a wonder drug only decades before, by the end of 19th century the drug was rebranded as an “Oriental poison.”

Lessons for today

These earlier efforts to medicalize hashish in 19th-century France offer doctors, public health officials and policymakers today several important insights as they work to return cannabis-based medications to the French market.

First, they must work to dissociate cannabis intoxicants and medicines from colonial notions of “Oriental” otherness and Muslim violence that ironically underpinned both the rise and fall of hashish as medicine in France during the 19th century. As scholar Dorothy Roberts astutely argued in her 2015 TED talk, “race medicine is bad medicine, poor science and a false interpretation of humanity.”

Doctors and patients also must be measured in their expectations of the benefits of medicalized cannabis and not overpromise and then deliver lackluster results, as happened with hachichine during the cholera outbreak of 1848-49.

And they must remain mindful that medical knowledge unfolds historically and that staking the new career of cannabis as medicine on contested theories could hitch the drug’s success to the wrong horse, as happened with hashish after the obsolescence of anti-contagionism in the 1860s.

But if France were to engage its colonial past, reform its prohibitionist policies and continue to open up legal room for medical cannabis trials, perhaps it could again become a global leader in this new medical marijuana movement.