Coca-Cola expresses interest in CBD-infused beverages
Cannabis-market watchers were put into a frenzy early Monday morning after Bloomberg’s article Coca-Cola Is Eyeing the Cannabis Market was rapidly shared across Facebook and Twitter.
In an official statement to Bloomberg News, Kent Landers, a spokesman for Coke, stated “we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.”
Coke’s expressed interest shouldn’t come as a surprise – recently, a handful of global corporations attached to international beverage products have invested in the cannabis industry; including well known brewers Corona, and Heineken.
As of now, the rumors behind Coke’s interest in the cannabis industry is nothing more than market speculation.
South Africa’s highest court legalizes cannabis
South Africans danced in the streets early Tuesday morning, chanting “weed are freed now” as they celebrated the highest courts recent ruling that legalizes private cannabis-use.
Deputy Chief Justice Raymond Zondo commented on the court’s decision, stating “It will not be a criminal offence for an adult person to use or be in possession of cannabis in private for his or her personal consumption.”
With the recent ruling, the Cannabis Development Council of South Africa has called on the government to remove all cases against people with possession of cannabis charges.
Public officials expect that within the next two years legislators will draft regulated policies that cover topics surrounding home-grow and potential cultivation licenses. As of now, selling and distributing cannabis remains illegal in South Africa.
Study to examine cannabis and its potential in helping patients suffering from essential tremor
Researchers at University of California School of Medicine have begun preparing for phase 1 and 2 of a clinical trial that will be the first of its kind.
The study is scheduled for early 2019 and will explore cannabis and its potential in treating essential tremor (ET), the most common movement disorder in older-aged people, affecting approximately 4% of the population above 65 years of age.
“If found to be safe and effective, cannabis would not only serve as an exciting new addition to the limited treatment options currently available for patients with ET, but it might also provide scientists with new insights on essential tremor,” said Fatta Nahab, MD, who is a neurologist at UC San Diego.
The study will solely focus on CBD, and low-dose THC, as researchers believe that a possible combination of the two cannabinoids could result in a potential treatment.
Utah ballot measure receives support from National advocacy group
In early November, Utahans will vote on Proposition 2; a bill designed to legalize medical cannabis for individuals who meet qualifying conditions.
Despite a recent poll suggesting 2/3 of voters support the upcoming bill, local advertising has been bombarded by anti-cannabis propaganda – spearheaded by Drug Safe Utah, an organization that is against state and federal legalization.
The Marijuana Policy Project recently hosted a fundraiser in the heart of Denver in response to the recent wave of anti-cannabis advertisements. At the event, organizers highlighted the need for continued pressure on local legislators while soliciting for potential donations.
“This fundraiser is an effort to help give the campaign the resources it needs to put the facts in front of voters,” said Matt Schweich, the deputy director of the Marijuana Policy Project.