Delta 8 Archives - Green Market Report

Debra BorchardtDecember 2, 2021
capsule.jpg?fit=960%2C640&ssl=1

9min15570

Despite the controversy over Delta-8, sales are beating some popular CBD companies. Hemp Benchmarks has been following the price of Delta-8 within the hemp industry and recently highlighted the company LFTD Partners (OTC: LSFP), whose sales rival many established CBD companies. 

CBD Fever Dreams

When the Farm Bill was passed in 2018, there were high hopes for the CBD industry and in particular for the hemp farmers. Hundreds of acres were grown, but the huge demand for CBD never materialized. There was demand, to be sure, but not at the levels the market had anticipated. This resulted in a glut of CBD biomass in the market and prices plunged. Farmers plowed over crops instead of harvesting due to the cost and many dramatically reduced the acres of hemp they were growing. 

Delta-8 Growth

Then Delta-8 came along and the farmers began to find a new market for their crops. It was discovered that within the language of the Farm Bill, only Delta-9 cannabis was carved out as an adult-use THC product, leaving Delta-8 in a grey area. Delta-8 is often referred to as cannabis light in that the psychoactive response is milder than Delta 9 cannabis. It is also extracted from hemp as opposed to the regular cannabis that produces the typical THC product. This loophole caught many off guard and with little regulation or oversight, the product began to take off. 

Several states have banned the product from being sold due to the lack of oversight. The cannabis industry seems mixed on whether it supports the product or not. Some are happy that it has helped out hemp farmers, while others see it as competition that isn’t subject to the same onerous regulations. In addition to that, the FDA noted that it has received several troubling reports on Delta-8. Seeing a Delta-8 company beat a highly regulated CBD company in revenue has got to hurt.

Lifted Made

LFTD Partners also known as Lifted Made, manufactures and sells branded products containing hemp-derived cannabinoids (e.g. delta-8-THC, delta-9-THC, delta-10-THC, THCV, THCO, CBDA, CBC, CBG, CBN, CBD), e-liquid, disposable nicotine vapes, kratom and kava products. In February 2020, LSFP acquired 100% of Warrender Enterprise Inc. d/b/a Lifted Made (formerly d/b/a Lifted Liquids). It recently announced that it was expanding its operations for the fourth time during the last 18 months, leasing an additional 8,000 square feet in a third building in Kenosha, WI. LSFP has also signed a letter of intent to acquire Savage Enterprises, owner of award-winning hemp-derived products brand Delta Extrax, sub-brand Chronix, Savage CBD, male enhancement products brand Vix, kratom and kava-based products brand Kanna, and plans to enter the California marijuana industry by purchasing Premier Greens LLC and MKRC Holdings, LLC. 

Two weeks ago, the company reported its third-quarter revenue had risen 32% to $8.8 million and net income grew by 40% to $2.2 million. Savage reported that it had revenues of $20 million in the third quarter, but doesn’t look to have Delta-8 products in its portfolio. Still, the pro-forma of the combined companies puts it near a $30 million quarter. 

CBD Companies Struggle

CBD brands have struggled under the massive amount of money it took to get established only to see competition muddy the landscape. CBD was being sold at grocery stores and gas stations. Consumers had no idea whether the cheap CBD at the gas station was the same, better, or worse than more reputable brands. With major restrictions on what CBD companies could say about themselves, consumers couldn’t even do their own research. Websites remain vague and companies that attempt to give consumers as much information as possible often get slapped by the FDA for making claims they can’t support with medical research. 

This year, a well-respected brand Plus Products essentially went bankrupt. Aligning itself with a major celebrity like John Legend didn’t help as the company became overwhelmed with debt. The stock has quit trading as the company restructures. In its last earnings report, Plus only delivered revenues of $4 million for the second quarter. 

While Charlotte’s Web (OTC: CWBHF) reported revenues of $23 million in the most recent third-quarter earnings report, this was down from 2020’s third-quarter revenue of $25 million. Another CBD with a large market share, CV Sciences (OTC: CVSI) reported that sales for the third quarter of 2021 were $5.1 million, which dropped 8% from $5.6 million in the third quarter of 2020. 

FDA Warns About Delta-8

In September, the Food & Drug Administration (FDA) issued a warning about Delta-8 THC noting that the product hasn’t been evaluated or approved by the agency. Granted the FDA’s opinion on anything cannabis-related is received with a healthy dose of skepticism. The FDA still hasn’t made any determination on CBD after years of discussion and research. In the warning notice, the FDA said that from December 2020 through July 2021, it had received adverse event reports from both consumers and law enforcement describing 22 patients who consumed delta-8 THC products and 14 went to a hospital or emergency room for treatment. 19 of these patients said they had eaten delta-8 THC food products. The adverse events included vomiting, hallucinations, trouble standing, and loss of consciousness. In addition to that, the FDA said that the national poison control centers received 661 exposure cases of delta-8 THC products between January 2018 and July 31, 2021, 660 of which occurred between January 1, 2021, and July 31, 2021. Of the 661 exposure cases:

  • 41% involved unintentional exposure to delta-8 THC and 77% of these unintentional exposures affected pediatric patients less than 18 years of age.
  • 39% involved pediatric patients less than 18 years of age
  • 18% required hospitalizations, including children who required intensive care unit (ICU) admission following exposure to these products.

In Closing

CBD companies were already facing a tsunami of challenges and the onslaught of the Delta-8 products has only added to those troubles. Until the cannabis industry decides to take a position on Delta-8, one way or the other, it is likely the CBD-only companies will have to find new ways to succeed. The patchwork approach by some states banning the product, while others allow it only creates more chaos for consumers. In the meantime, it looks as if the lack of regulations and customer demand will keep Delta-8 companies in business and possibly more successful than the CBD companies who are trying to play by the rules.


Julie AitchesonNovember 1, 2021
hemp_field.jpg?fit=960%2C600&ssl=1

5min17030

Hemp Benchmarks has released its October report, with notable points including a 4% decline in observed prices for delta-8 THC distillate for the fourth consecutive month while sales numbers for this controversial cannabinoid made from hemp remain robust. This mirrors an overall dip in rates for CBD distillate, which is at an all-time low despite larger-volume deals. Newcomer delta-10 THC makes an appearance in the Hemp Benchmarks’ report for the month of October, though it is still unfamiliar to many consumers. 

Delta-10, closely related to delta-9, is one of the THC compounds found in hemp and cannabis that is responsible for making consumers feel high or euphoric. While delta-9 is more likely to have an effect on pleasure and memory and delta-8 is often used as a relaxant and sleep aid, some claim that delta-10 enhances energy, creativity, and productivity. (Little is factually known about how this cannabinoid functions in the body or what its effects are.) Unlike delta-9, delta-10 is only found in trace amounts in plant material and requires large amounts of plant matter and significant processing to extract a potent quantity. It exists in the same legal grey zone as delta-8 when derived from hemp and therefore is typically available in states where recreational use is illegal, though this is starting to change. According to Hemp Benchmarks, delta-10 THC Distillate averaged $3,580 per kilogram in October, which is more than four times the average price for delta-8 THC distillate. 

The FDA issued warnings about Delta-8 THC in September, which remains especially popular in states where recreational marijuana use is illegal. Since then, restrictions or all-out bans on delta-8 are being initiated that will likely affect sales of delta-10 as well. Both South Carolina and Texas have taken steps to articulate state-specific policies, with South Carolina Attorney General Alan Wilson issuing an opinion that the state’s Hemp Farming Act “does not provide an exception for, and does not legalize, delta-8 THC or any other isomer of THC in itself.” 

The Texas Department of State Health Services released an October update which specified that “all other forms of THC, including Delta-8 in any concentration and Delta-9 exceeding .3% are considered Schedule 1 controlled substances.” This is not settling well with some Texas retailers, who pushed back and petitioned for a temporary restraining order against the ruling. The restraining order was denied by a state district judge, rendering delta-8 illegal in Texas, at least for the time being. Meanwhile, the Michigan Department of Agriculture and Rural Development issued its own statement that beginning on October 11 “it is illegal for businesses to manufacture, possess, transfer, inventory, sell or give away delta-8 THC or THC-O acetate (a synthetic cannabinoid said to be more potent and have longer-lasting effects than regular THC) without proper licensing from the Marijuana Regulatory Agency.”

Despite this ongoing controversy, growers are dedicating larger portions of their operations to hemp cultivation for extraction and conversion to synthetic cannabinoids as the demand for them continues to rise. The swift rate at which new cannabinoids are being synthesized and new restrictions being issued around their sale and use bodes ill for stability in this corner of the market, though there is no arguing that demand is high, prompting producers to race ahead in search of the next big thing in synthetics.


Julie AitchesonOctober 27, 2021
DELTA-8-scaled.jpg?fit=1200%2C1200&ssl=1

6min16860

Delta-8, a psychoactive compound similar in effect to delta-9 (which is what most people are talking about when they refer to THC), has been slipping through legislative loopholes around the country, including in strictly anti-recreational states like South Carolina, Louisiana, and Oklahoma. Even in states where recreational use is legal, delta-8 products are not held to the same legal requirements as delta-9. Though delta-8 has a slightly different chemical structure that supposedly makes it less potent than delta-9, an independent study commissioned by CBD Oracle Lab analyzed 51 delta-8 THC products and found that 76% of them contained illegal levels of delta-9 THC. How illegal? In at least one case, a staggering 7700% over the legal delta-9 limit. The average amount of delta-9 THC in all products tested by CBD Oracle Labs was 6.6%, 22 times higher than the federally legal limit.

Dangerous Delta-9 Levels

So how is delta-8 making it so easily into the hands of recreational consumers, including people who may be particularly vulnerable to its dangerously inconsistent THC levels such as the underage and mentally ill?  The 2018 Farm Bill legalized hemp containing less than .3 percent delta-9, which leaves the field open for delta-8 as long as it comes from hemp and stays under the limit for delta-9. The fact that it is synthetically made have also kept it off of certain regulatory radars, though warnings from the FDA and CDC as well as disturbing testimonials from Delta-8 users are causing some huge blips which may lead to a larger lockdown on what some companies are marketing as “weed light”.

Oracle Labs Tests Delta-8

An investigation from the US Cannabis Council found illegal levels of delta-9 THC in products for sale all over the country, which prompted CBD Oracle Lab to undertake a study to address three primary questions: whether a consumer gets delta-9 when purchasing a delta-8 product; whether a consumer gets as much delta-8 as the company claims, and whether the consumer will get any residues from the manufacturing process alongside cannabinoids. The outcome of the investigation showed a strong presence of delta-9 as well as a serious deficit in the degree and depth of impurities testing that is taking place. Also alarming were labeling inaccuracies and the ease with which minors can obtain these dangerously inconsistent products.

The study breaks delta-9 THC content in delta-8 products by type, revealing that vape pens and concentrates have the highest levels (at 13.11% and 12.51% respectively) and edibles contain the least at .09%. This implies that consumers should assume that vaping products or concentrates, readily available at gas stations and smoke shops alike, will be far above the limit with an average of 9.25% delta-9 content. On average, the products tested were 513 times higher in delta-9 than their reported amounts. In terms of reporting, CBD Oracle Lab also found that some companies fake or manipulate their COA results, and 34 out of the 51 products tested were only tested for potency and not impurities.

As far as delta-8 getting into the wrong hands goes, while there are occasionally age verification systems in place (though only 6 out of the 44 companies whose products were purchased had them), some companies simply use pop-ups asking the user to confirm their age while others use nothing at all. This problem is compounded by product packaging, which is often designed to resemble typical gas station snacks like Cheetos and cereal bars. Young people who use cannabis are particularly vulnerable to the reduced capacity for cognitive and response inhibition caused by THC.

Psychotic Episodes

There is also ample evidence that those with mental illness who consume THC have a higher risk of psychosis or at least psychotic symptoms, with heavy cannabis users experiencing a fourfold increase in the risk of psychosis than non-users.  Consumers shouldn’t rely on the packaging for an accurate sense of delta-8’s effects and how vulnerable they might be to them. Half of the 51 companies studied contained no warning labels at all and some only mention possible “impairment” or “sensitivity”, and as the CBD Oracle Lab study shows, these downplayed side effects can be just the tip of a very large iceberg.

 

 


StaffSeptember 15, 2021
Delta8.jpg?fit=960%2C600&ssl=1

4min16321

On Tuesday, the Food & Drug Administration (FDA) issued a warning about Delta-8 THC noting that the product hasn’t been evaluated or approved by the agency. Granted the FDA’s opinion on anything cannabis-related is received with a healthy dose of skepticism. The FDA still hasn’t made any determination on CBD after years of discussion and research.

The 2018 Farm Bill that essentially legalized help specifically called out the exclusion of Delta-9 THC. Manufacturers seized on that and decided that Delta-8 could slip through the loopholes since it wasn’t named in the bill. Delta-8 THC is one of over 100 cannabinoids produced naturally by the cannabis plant.

It doesn’t pack the punch of a Delta-9 high, but consumers say it gives a light buzz.  Delta-8 though isn’t easily extracted from the plants and so it’s typically manufactured from hemp-derived cannabidiol (CBD). As such, the FDA is concerned that these products get labeled as hemp-derived and some consumers may think there are no psychoactive effects like other hemp products. The products are also marketed as having therapeutic qualities, which the FDA notes are unsubstantiated claims.

Adverse Side Effects

What is troubling are the reports of adverse side effects. In the waring notice the FDA said the from December 2020 through July 2021, it had received adverse event reports from both consumers and law enforcement describing 22 patients who consumed delta-8 THC products and 14 went to a hospital or emergency room for treatment. 19 of these patients said they had eaten delta-8 THC food products. The adverse events included vomiting, hallucinations, trouble standing, and loss of consciousness.

In addition to that, the FDA said that the national poison control centers received 661 exposure cases of delta-8 THC products between January 2018 and July 31, 2021, 660 of which occurred between January 1, 2021, and July 31, 2021. Of the 661 exposure cases:

  • 41% involved unintentional exposure to delta-8 THC and 77% of these unintentional exposures affected pediatric patients less than 18 years of age.
  • 39% involved pediatric patients less than 18 years of age
  • 18% required hospitalizations, including children who required intensive care unit (ICU) admission following exposure to these products.

Added Chemicals

The FDA noted that the natural amount of delta-8 THC in hemp is very low, and also dditional chemicals are needed to convert other cannabinoids in hemp, like CBD, into delta-8 THC through a synthetic conversion. The FDA is concerned that some manufacturers may use potentially unsafe household chemicals to make delta-8 THC through this chemical synthesis process. Also, additional chemicals may be used to change the color of the final product. Since these products are unregulated the manufacturing of delta-8 THC products may also be taking place in unsanitary settings.

Children Targeted

The FDA has also pointed out that the products are showing up in packaging that is appealing to minors. “These products may be purchased online, as well as at a variety of retailers, including convenience stores and gas stations, where there may not be age limits on who can purchase these products. As discussed above, there have been numerous poison control center alerts involving pediatric patients who were exposed to delta-8 THC-containing products. Additionally, animal poison control centers have indicated a sharp overall increase in accidental exposure of pets to these products.”

 


StaffAugust 24, 2021
plant.jpg?fit=960%2C640&ssl=1

21min24040

Editors Note: This is a guest post.

The hemp market is budding with new ways of consuming Delta-8 THC. One of the top-selling items in the market has become the Delta-8 carts. These Delta-8 Carts are the most efficient way to have the most advantage of Delta-8. As the demand rises for the Delta-8 Carts, questions arise about the quality and safety of the product. Delta-8 carts are a safe choice for people for many good reasons. It is a fast-acting, mildly potent, effective, and enjoyable method of taking Delta-8. Here are ten reasons that prove Delta-8 Carts are a healthy choice.

E Cigarette, Vaping, Electronic Cigarette, Vaporizer

Source- https://pixabay.com/photos/e-cigarette-vaping-1301664/

 

  1. Portable- 

Delta-8 relieves you from short-term stress and anxiety. The small size of the Vape carts makes it possible to carry them wherever you go. Before heading out of the home, keep the vaping cartridge in your pocket. You can enjoy the puff any time outside the home. You no longer have to carry the big gummy jars or strain containers. The vape carts are odorless when not used, so you will not worry about the vaping odor.

  1. Affordable price- 

Compared to the other products of Delta-8, the vape carts are cheaper than any of them. It is one of the advantages of using vape carts. In the same composition, you can get the benefits of Delta-8 THC.  The gummies and tinctures can cost you double the price that of vape cartridges. Vaping can deliver you high effects in little time, so why stress on the other products when all you need is in the vapes.

  1. Greater Effectiveness-

If you want to get the maximum benefits of delta-8 along with a little high, then Vape Carts are the right choice for you. The Delta-8 cartridges work by producing vapors of delta-8 content from inside the cart. The higher puff you make, the more Delta-8 THC concentrate gets in your body. The effect is as high as the ten puffs of Delta-8 carts, equal to twenty gummies of 25 mg. The vape carts convert 46% of THC present in cannabis that is larger than the Cannabis joints. They also show faster results than the edible Delta-8 products.

Vape, Electronic Cigarette, Uwell, Tekken, Vaping, Host

Source- https://pixabay.com/photos/vape-electronic-cigarette-uwell-3417377/

  1. Reusability-

With every product of Delta-8, you have to discard them post exhausting. You have to throw away the gummy jar and tincture bottles, but in the case of Vape Carts, you can reuse them. You do not have to discard the complete component. You only detach the cartridge and throw it, the battery and other things remain as it is. Once exhausted, the cartridge gets replaced with a new one. The battery is durable and will last for a longer time. 

  1. Reduced inhalation of carcinogens-

While smoking cigarettes, the smoke produces carcinogens that go into our lungs. Vaping cannabis also releases some toxic carcinogens. These detrimental substances can cause severe diseases like cancer. Reports have proven that those who prefer vaping have lower carbon monoxide levels in the blood. Vaping over smoking helps you breathe better and lessens the chances of carcinogens inhalation. It is also not known to include any harmful toxins.

  1. Better taste-

Smoking cannabis can destroy the taste of the terpenes. It inhibits the savory flavors of cannabis. The higher temperature of smoking kills the taste of the terpenes in Delta-8 THC. Along with the high effect, good taste also matters to the users. With the low-burning terpenes in vaping, you can enjoy the flavor of Delta-8. A modern vaping device comes with a set temperature option so you can fix the optimal temperature for burning the terpenes.

  1. Controlled dosing-

For those who are new to vaping and smoking, the large puffs may cause a problem. The beginners should start with trying small puffs. With experience, they can switch to large puffs. The new day Delta-8 carts come with the setting to control the dose. You can try that to find your correct dosing. With the ease of taking Delta-8 carts, you can maintain the consistency of the dosing.

  1. Ease of use-

Like any other product of Delta-8, you do not need any guidance on how to use Delta-8 carts. It is easy to use and change the cartridge. Unlike the gummies and tinctures, you do not need specified dosing and timing to use carts. You can use the vaping carts whenever you want and adjust the puff amount that suits the body. Open the cart and inhale as much as your body requires. 

  1. Cleaner vapors-

Vaping does reduce the levels of carcinogens produced. It also vapourises clean and high Delta-8 THC. The vapors from cannabis contain fewer toxins than those produced by smoke. It promotes the healthy usage of Delta-8 carts. You should not be worried about any harmful substance coming into the body through vaping. It is a better and healthier habit than smoking cannabis. It prevents you from lung diseases.

  1. Faster pain relief-

Delta-8 is one of the best variants of THC for pain relief. You can add this to your pain relief medication and see the results. Now amongst all the methods, the most effective is considered to be vaping. Consuming cannabis through edibles can cause long delays. You cannot wait for that long in case you are suffering from pain. For faster actions and good results for your pain relief, you should try Delta-8 vaping carts. You can also be free of any worries about the ill effects of smoking. 

Conclusion

 

Cannabis has become a hot product in the market. People nowadays are using all variants of hemp. The high dosage of any of these may have adverse effects on the body, and hence the legalised concentration is less than 0.3% THC. So You will have to pick up the right Hemp product to avail the benefits of the hemp plant. This way, you can also circumvent the risks associated with it. From all the points made, it is pretty clear that Delta-8 vaping carts are a healthier choice for people than the other forms of Delta-8. You can use the Delta-8 cart without worrying about any health risks.

 

Debra BorchardtJuly 29, 2021
hemp_field.jpg?fit=960%2C600&ssl=1

9min30230

Delta-8 and smokable flower are the two products keeping hemp framers alive. The regulatory loophole that has allowed Delta-8 to be sold legally is also causing legal confusion. Delta-8 is a cannabis product that can be derived from hemp, but still give the consumer a light psychotropic experience. Some states have issued restrictions around the product, while others haven’t addressed it at all. Either way, the demand has been a blessing to hemp farmers who planted lots of acres in 2019 expecting a surge in CBD products, only to see the market contract and prices plummet. 

Hemp Benchmarks reported that after rising 4%in May, the average per-kilogram price for delta-8 THC distillate fell 1% in June to $1,215. “Notably, both the low and high ends of observed transaction data – $900 and $1,650 per kilogram – were up compared to May.”

In Georgia, Reginald Reese of Green Toad Hemp Farm told Hemp Benchmarks that delta-8 THC was here to stay. “The beauty of it is, Georgia refused the [delta-8] ban,” he said. “We have the right as licensed hemp growers to use every part of that hemp.” Reese also told Hemp Benchmark that he believes efforts to ban delta-8 THC are part of a “full-court press” from the businesses participating in licensed, state-legal marijuana industries, which do not want the competition. 

Smokable Flower Grows

The other product that has been welcomed by the farmers is smokable flower. The Benchmark reported that as of June 2021, the number of square feet registered for indoor or greenhouse hemp production – which is typically for the purpose of producing smokable CBD flower – is up significantly relative to last year. “Hemp Benchmarks has documented over 168.2 million square feet registered for indoor or greenhouse production. This figure is up 328% compared to over 39.5 million square feet recorded in June 2020 and up 85% from over 90.8 million square feet ultimately documented by the end of last year.”

It seems farmers are leaving the outdoor growing and focusing on indoor growing in order to fulfill smokable flower demand. The Benchmark report documented that smokable CBD Flower has maintained its value in the U.S. hemp wholesale market better than perhaps any other hemp-CBD product. “Flower grown indoors or in greenhouses also typically commands a premium price compared to that cultivated outdoors.”

The Benchmark report said that smokable CBD Flower saw its average price decline in June after cresting above $300 per pound in May. “Despite some reports of still-stagnant demand for CBG, the price for smokable CBG Flower rose 15% in June to average $326 per pound, exceeding the price for its CBD counterpart. The significant increase in the assessed price for CBG Flower this month follows an over 50% jump observed in May.” This shift away from biomass and towards flower farming could potentially stabilize the biomass market. A reduction in supply could help wholesale prices. 

Grasshoppers?

The problems affecting hemp crops this season could end up helping reduce the glut of hemp inventory. Excessive heat and drought in the western part of the U.S. have affected hemp farmers. Wildfire threats and water reductions have also conspired to challenge hemp farmers. And if that wasn’t bad enough – it seems grasshoppers love warm, dry weather. 

Last year, farmers fought grasshopper infestations and it looks like this year conditions are ripe for an even bigger outbreak. The Hemp Benchmarks June report noted that the U.S. Department of Agriculture is said to be taking steps to mitigate damage to crops and rangelands by spraying pesticides in areas where infestations are likely to occur, including roughly 3,000 square miles of Montana, which is home to significant hemp production, primarily for grain. 

Less Hemp Acreage

Hemp Benchmarks reported that there is less hemp being grown as farmers head into the 2021 season. Several reasons have caused the less than stellar outlook for the market. A glut of biomass and CBD caused a plunge in prices reducing the profitability of the crop. Farming more mainstream products have become a better investment. The hemp market has also been affected by a lack of regulatory guidance has also caused farmers to back off from planting more acreage. 

Hemp Benchmarks said it has documented the following hemp production licensing and acreage data for 2021: 

  • 8,298 licenses issued (down 8% from 9,066 counted in June 2020; down 58% from 19,799 ultimately documented for 2020); 
  • 107,702 acres registered for outdoor production (down 55% compared to 236,732 acres documented in June 2020; down 75% from 429,300 ultimately documented for 2020).

CBD Collapse

It seemed that almost every product on the retail shelves had some form of CBD in it. Food, beauty products and supplements popped up on every retail counter. The future looked bright for hemp farmers, but the demand didn’t follow at the expected levels. Thousands of CBD companies sprang up overnight and the flood of products created a confusing and competitive landscape. 

A new Brightfield Group report says that the CBD industry has lost more than 1,000 players in the past 12 months—some through corporate consolidation and others to bankruptcy. Hemp Benchmarks also quoted farmers who said that there was a lot of low-priced inventory on the market due to bankrupt companies. Earlier this year the Phoenix Business Journal reported. that Integrated AG, the parent company of Integrated CBD, filed for Chapter 11 bankruptcy protection on Jan. 20 and disclosed over $20 million in outstanding debt. 

Despite all the negative news, last month California-based Kadenwood, a privately held CBD consumer packaged goods company, completed a $30 million cash Series B capital raise. The company said it will use the money to buy advertising and acquire more companies. Kadenwood said the raise also includes a $20 million media campaign to raise brand awareness, bringing the total value to $50 million.


StaffJuly 26, 2021
shutterstock_534162313-scaled.jpg?fit=1200%2C800&ssl=1

10min117580

Editors Note: This is a guest post.

Delta 8 THC is becoming more popular every day. As more people get to know about the benefits of delta 8 THC, the demand for the products is increasing rapidly. After all, when the product is so effective, everyone will naturally want to try it out. You can buy Delta-8 THC online pretty quickly and get the product delivered to your doorstep. With delta 8 THC products, there is some ambiguity regarding the legality. The legality of THC products evolves rapidly, so it is not easy to keep track of it. If you are in Florida, you might be wondering about the current legal status of delta 8 THC.

 

What is Delta 8 THC?

Delta 8 THC is pretty popular in the market right now. Manufacturers extract THC from the hemp and cannabis plants, and then they synthesize them in the lab to make delta 8 THC. Due to this manufacturing process, many people mistakenly believe that delta 8 THC is not natural. Delta THC is entirely natural. All the compounds that are present in delta 8 products occur naturally. Delta 8 THC is immensely popular because it offers a middle ground between marijuana and CBD. 

Marijuana gives users a solid high that is not ideal for everyone. This intense sensation produced by marijuana prevents many users from experiencing the benefits of cannabis. On the other hand, individuals turn to CBD, which can be too mild. Due to the low concentration of THC present in CBD products, they cannot get you high at all. Due to this reason, many users report that they need to consume high quantities of CBD to experience the benefits. For users who do not want to have such extreme experiences, delta 8 THC is the perfect solution. When you consume delta 8 THC, you experience a controllable high. This high sensation is much more subdued than marijuana. However, at the same time, it will help you feel relaxed and calm. 

What are the Benefits of Delta 8 THC?

There are many benefits of consuming delta 8 THC. Delta 8 THC products have neuroprotective properties that promote improved brain health and cognitive function. Many users also consume delta 8 THC to enhance their appetite. When you take delta 8 you can also address several health-related concerns like nausea, pain, inflammation, anxiety, and others. Delta 8 THC is also known to be pretty effective when it comes to treating mental health-related concerns. Several users consume delta 8 THC to help them get rid of racing thoughts. Delta 8 is also famous for helping users with sleep-related issues. When you consume delta 8 THC, you will experience improved sleep quality and longer sleep duration. Delta 8 THC can tackle chronic pain and short-term pain such as headaches. . You can also take delta 8 THC to help treat your hangover. Since delta 8 THC gives you a controlled high, you can also calm down and feel relaxed. There are many more benefits of consuming delta 8 THC that are currently undergoing research. From what we know so far, there are little to no side effects of consuming delta 8 THC. Now that you know all about delta 8 THC, you might be wondering if you can purchase these products legally.

 

What Is The Current Legal Status Of Delta 8 Thc In Florida?

If you are in Florida, you are pretty lucky because delta 8 THC is legal in the state of Florida. You can purchase delta 8 THC products legally in the Sunshine State. However, before you make any purchase, you need to be well aware of the laws that govern the sale and consumption of delta 8 THC in Florida. In 2018 the Farm Bill made delta 8 THC products legal. In Florida, Senate Bill 1766 further makes delta 8 products entirely legal. Since delta 8 THC products are completely legal, they are pretty accessible. You can buy delta 8 THC products online or in stores. As per Senate Bill 1766, you need to be at least 21 years or older if you want to purchase delta 8 products.

As mentioned before, the legal landscape around delta 8 THC products is evolving rapidly. Therefore, you need to be up-to-date with any changes in the law. Further, you need to ensure that you only purchase legal products due to this product’s sensitive nature. While Delta 8 THC is legal, delta 9 THC is not. This difference is significant because delta 9 THC is highly psychoactive and is illegal in Florida. It would help to be extremely careful while purchasing to ensure that you only get entirely legal products. Florida lawmakers are reportedly keeping a close eye on the delta 8 THC market. As long as the products you buy comply with the current state and federal laws, you will not face any issues whatsoever. However, since the market is unregulated, you need to take a few precautions to purchase legal products.

How To Ensure That You Buy Only Legal Delta 8 THC Products?

Now that you understand the importance of purchasing legitimate products let us see how you can only buy legal products. The first thing that you need to look out for is the reputation of the company. A well-reputed company will only deal in legitimate products because reputation is a significant factor in delta 8 markets. Further, it would be to verify that the products you purchase have gone through third-party testing. Trusted companies get all their products tested by third-party agencies to sell the highest quality products. 

The results of these product tests are available in the form of certificates of analysis (COAs). These COAs are open to the buyers so they can verify the information themselves. You can also look at the product labels and the product pages to check the ingredients list. Under no circumstances should you purchase delta 8 THC products from unreliable sources. If you buy your products from unofficial markets, you expose yourself to unnecessary risk. When dealing with such unofficial products, there is no way to verify their authenticity, and you cannot be sure that the products you are purchasing are legal.

Conclusion 

Delta 8 THC products are legal in Florida, and you can purchase them legally. The legal landscape around THC products evolves rapidly, so ensure that you are up to date with the current legal status of delta 8 THC. You can ensure that you are always purchasing legal products by buying from licensed stores and trusted companies exclusively to minimize your risks.


Julie AitchesonJune 16, 2021
lab3.jpg?fit=960%2C640&ssl=1

6min28960

If you feel like you’ve been catching a lot of Delta-8 THC content in the media lately, those aren’t just your social media apps hacking your brain. Hemp-derived Delta-8 THC is having a big moment in 2021 in terms of popularity and, most recently, in terms of concerns over legality, safety, and accuracy. This hot new cannabinoid has been branded as “legal marijuana” as the main intoxicating compound in cannabis but one most commonly derived from hemp for commercial use. Social listening data reveals that conversations around Delta-8 grew by a whopping 163% from December 2020 to April 2021, but all is not rosy for this latest trend in cannabis or for companies jumping into production to respond to the surging interest.

Arizona, Colorado, Delaware, and Montana are among the states that have explicitly banned sales of Delta-8 and at least four other states have already removed it from the shelves or otherwise restricted market access. The 2018 Farm Bill categorically removed hemp from the definition of marijuana and modified the definition of tetrahydrocannabinol to exclude tetrahydrocannabinol in hemp. The Drug Enforcement Agency’s interim rule turned that segment of the Farm Bill on its head, declaring derivatives of hemp containing delta-9 tetrahydrocannabinol in excess of .3% THC and all synthetic cannabinoids as controlled substances. 

Delta-8, which does not occur in levels sufficient to make commercial products in a cost-effective manner and therefore must be processed from CBD, lands it in the “synthetic” category according to the DEA definition. Some argue that this categorization is flawed given that Delta-8 is a naturally existing phytocannabinoid and that converting CBD to THC occurs via isomerization (the transformation of one isomer into another)—a process that does not fall within the DEA’s definition of a synthetic process. Though solid regulatory footing remains hard to attain as the debate rages on, cannabis companies are forging ahead with new products and campaigns, with mixed results.

Delta 9 or Delta 8?

A recent study by Leafreport found that out of 38 products tested, 63% contained the wrong amount of Delta-8 and more than 50% had illegal (over .3%) levels of Delta-9, containing as much as 15.2% THC. Delta-9 THC and cannabis plants that contain it are federally illegal with the exception of hemp, which contains too little (.3% or less of dry weight) Delta-9 to cause psychoactive effects. 34% of products in the Leafreport study did not clearly list Delta-8 content on the label or online product description, and 68% contained the wrong amount Delta-8 THC. The products most vulnerable to misreported Delta-8 levels were pre-rolls and gummies. Leafreport used a rating system based on the recommendation of industry experts that Delta-8 products have anywhere from 90% to 110% of the amount stated on the label. Using this metric, a full 32% of the products tested merited an “F” (Fail) accuracy rating.

Women Are The Majority of Buyers

The Brightfield Group, a CBD and cannabis consumer data and marketing intelligence company, recently conducted a study to assess Delta-8 consumer, product, and regulatory trends and found that only six months into the Delta-8 trend, 23% of Americans were aware of it, particularly among younger, city-dwelling cannabis users. Brightfield’s numbers show that for a growing segment of the population, Delta-8 is an affordable, convenient way to experience psychoactive cannabis, particularly where Delta-9 is illegal. Women make up the majority (53%) of consumers and curiosity is still the driving factor for those who purchase Delta-8. A full 20% of Delta-8 consumers do not use Delta-9 THC, which points to something unique about Delta-8. Anecdotal evidence suggests that may be a smoother, milder high and fewer side effects like anxiety and paranoia. 

It remains to be seen whether evolving regulations will grant companies the latitude to continue capitalizing on consumer interest as well as the known and as-yet-unknown applications of Delta-8, but as long as Delta-8 keeps a legal spot on the shelves in some states, there will be the supply and demand to keep it there.


StaffApril 16, 2021
man-smoking-a-cigarette-395087-scaled.jpg?fit=1200%2C800&ssl=1

8min48010

Editors Note: This is a guest post.

 

You are probably familiar with THC, the psychoactive compound that gets you high. Scientifically, it is referred to as Delta – 9 Tetrahydrocannabinol.

Sometimes, it can induce an intense high to users, which might border towards anxiety and paranoia. An alternative, referred to as Delta – 8 THC, has started making a name for itself in the growing cannabis market.

This is because the consumption of Delta 8 THC allows the users to enjoy weed without trading off their peace.

It is thus sold packaged in edibles, tinctures, flowers, oils, or vaporizers. Below, you will see all the information you will need to know about a Delta 8 flower.

Making the Delta 8 THC Flower

There are no specific cannabis strains that produce Delta -8 THC in large amounts. Naturally, the compound is found in amounts close to 1% in the hemp plant by the oxidation of delta – 9 THC to Delta 8 THC. 

Due to this scarcity, companies result in using state-of-the-art extraction, refining, and isolation methods. 

They include distillation, molecular isolation, isomerization of CBD to delta eight, or thin-film distillation of delta 9 to delta 8. The process is energy and time-consuming, contributing to the high cost of delta – 8 products.

Differences Between Delta – 9 and Delta – 8 THC

Although both compounds are siblings, their molecular make-up and effects are ways to pick them apart.

Chemical double bonding on Delta -8 is on carbon number 8, while delta – 9 is on the ninth one. This, in turn, affects how each compound interacts with the body. 

How Delta – 8 THC Works

All cannabinoids work through the endocannabinoid system. This is how nature intended to control hormone release, inflammatory response, mood, appetite, and essential body functions such as blood pressure and blood glucose regulation.

Smoking a Delta – 8 Flower delivers THC directly into the blood from the lungs, thus providing the fastest route to elicit a response.

Delta – 8 THC has a preference for CB1 receptors primarily found in the brain and spinal cord. Hence, the psychoactive effects are only about 66% of a Delta-9 THC ‘high’ experience.

Research on this compound is still in its early stages, but the response is interpreted as a bridge between CBD and Delta – 9 THC. That means a combination of euphoria common to the latter and serene relaxation attributed to the former.

Effects of Smoking a Delta – 8 Flower

Smoking the product can help:

Dosages of Delta – 8 THC

Everyone is unique, and therefore there is no standard dosage across the board. The response depends on age, body weight, genetics, nutritional factors, among others.

Smoking also depends on your level of experience and tolerance to cannabis. However, the relatively safe way to try out the products can be using tolerance to your advantage. 

You can start with low doses working towards dosages you are comfortable with.

Common side effects include; an increased heart rate, mood changes, and slowed movement and reflexes.

Can You Pass a Drug Test with Delta – 8 THC?

Even though the 2018 Farm Bill legalized the cannabinoids found in hemp as long as THC levels are below 0.3%, the body does not recognize this.

Therefore Delta – 9 and Delta – 8 THC will be metabolized the same way, producing molecules that produce a positive drug test.

Regularity of smoking is another factor; THC is fat-soluble and can thus be stored in fat cells, making clearance take a long time.

Is delta – 8 THC legal?

The DEA still includes tetrahydrocannabinol as a Schedule 1 controlled substance; therefore, this vagueness can still land you in trouble. Avoid it at work or if you are taking a drug test in three months.


StaffApril 7, 2021
lab3-2.jpg?fit=960%2C664&ssl=1

8min290742

Editors Note: This is a guest post. 

Hemp and marijuana plants contain many active ingredients. However, a lot of focus is on two specific natural compounds found in these plants – tetrahydrocannabinol (THC) and cannabidiol (CBD). 

Most of the consumers have recently found out that there are two types of THC molecules in hemp and marijuana – Delta 8 and Delta 9 THC. How do you choose your edibles now? While the list of top Delta 8 gummies can make things easy, some of you might want to find out more about Delta 8 and Delta 9.

Here is everything you need to know about these two compounds, including the key differences between delta-8 and delta-9.

THC: Short Recap

If you were wondering what ingredient is responsible for the “high” effect, it’s THC. It is a psychoactive compound found in cannabis plants. Marijuana contains it in higher concentration than industrial hemp.

It works pretty straightforward. We have the endocannabinoid system with CB1 and CB2 receptors, and THC binds to these receptors and exhibits its effects. When it binds to CB1 receptors, it induces the “high” effect, while CB2 bind induces relaxation. 

What is Delta 8

Delta 8 THC is naturally occurring in cannabis plants, both hemp and marijuana. Although it occurs in very small concentrations, it can still be derived thanks to distillation. It has a unique molecular structure and exhibits unique effects when consumed.

Delta 8 can exhibit very high neuroprotective potential and help relieve chronic pain. There are various Delta 8-based products on the market ranging from oils to edibles. With this in mind, let’s quickly see what Delta 9 is.

What is Delta 9

Delta 9 is also naturally occurring in cannabis plants. The more popularly used term for it is simply THC. Whenever you see an article referring to THC or outlining its effects and benefits, it’s, in fact, Delta-9-tetrahydrocannabinol. This is the molecule that can induce elation and a classic “high” feeling.

Due to its profound effects, it caught the eye of researchers in the field of medicine. Delta 9 THC exhibits many properties; it can act as an appetite stimulant and prevent nausea, among other things.

Do you remember the Farm Bill from 2018? If one wants to grow hemp or make cannabis-based products legally, the THC levels have to be at 0.3% or less. The bill refers to Delta 9 THC. 

Delta 8 and Delta 9 – Key Differences

From what you’ve seen so far, it is easy to assume that Delta 8 and Delta 9 are two compounds with really similar properties and effects. In terms of molecular structure, Delta 8 and 9 are almost identical apart from a couple of electrons. 

However, there are some key differences that you should know about. 

Anxious and Paranoid Effects

There is a reason the Farm Bill dictates keeping the levels of Delta 9 THC levels below 0.3%. In some people, Delta 9 THC can induce feelings of anxiety. It can also make them feel paranoid for no apparent reason. It can also impact the performance of mental work. The “too much high” effect is only tied to Delta 9 THC.

Delta 8 THC is less psychoactive than Delta 9. People who experience these unpleasant feelings should instead try Delta 8. It is far less potent than Delta 9 and can enable people to enjoy cannabis or cannabis-based products carefree.

Relaxation Effects

Due to its potency, Delta 9 THC is more likely to induce elation rather than relaxation. After taking Delta 9 THC, people report the “high” feeling that can even build up to euphoria. It can elevate your mood. If this is how you imagine the relaxed state, Delta 9 THC may have some answers for you.

On the other hand, if you genuinely want to get rid of the tension without experiencing the “high” effect, Delta 8 THC might be a better option. It has a significantly milder effect when compared to Delta 9

The Effects Build Up

There is one more thing that makes Delta 8 and 9 different. They don’t only induce different effects, but they also do it at a different pace. Delta 9 THC is absorbed quickly, and it can induce the feelings mentioned above quite fast after consumption. This is an important thing to note as it can alter your plans for the afternoon or evening.

Unlike Delta9, Delta 8 THC is a slow kicker. It delivers a significantly smoother experience than Delta 9. After the consumption, the feelings of relaxation gradually come on, and there is considerably less risk that it can induce anxiety. 

To sum up, both Delta 8 and 9 THC are naturally occurring in cannabis plants. Delta 9 THC is the famous THC everyone talks about, while Delta 8 is its less potent counterpart. The critical difference is the pace at which these compounds build up effects. Delta 9 delivers more powerful effects than Delta 8, and it does it faster.


Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

We respect your privacy. See our privacy policy.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 8 hours

RT : Thank you for this incredible Women’s Leadership Award in Social Equity and an even bigger thank you to our…

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

We respect your privacy. See our privacy policy.