The cannabis Industry is ‘hot news’ here in New Jersey! Gov. Murphy has a goal to have the Marijuana Legalization bill passed on Mar 29th 2019. All this is good news for the entrepreneurs who want to play a part in the Marijuana Industry, from growers and wholesalers to dispensaries.
But what is the industry all about? There are 4 key areas for the Marijuana Industry:
- Food and beverages
- Health and wellness
The potential for Pharmaceutical use of Cannabinoids is tremendous. Every Pharmaceutical product has to go through extensive and stringent Clinical Trials and is closely monitored by the FDA.
GW Pharma has the first and only FDA approved Prescription Cannabinoid product., Epidiolex for the treatment of seizures associated with Lennox-Gastaut syndrome or Dravet syndrome in patients 2 years of age and older.
Read an interesting article on the effects of cannabidiol published by the American Epilepsy Society: click here
Research is also underway in the following areas:
- Botanix – research underway in the area of acne, psoriasis and atopic dermatitis by Botanix Pharma
- Anxiety and depression
We will share with you articles that we feel are important and pertinent, but of good standing in this section. Here are just a few interesting articles to get you started. We will be adding articles as we deem them fit to share…..
Currently there is an Interesting mix of myths and science. We focus on the science! This article from Nutraceuticals World discusses the Myths vs. Science about cannabinoids and the endocannabinoid system. Read more
This article published in The European Journal of Internal Medicine and shows not only the efficacious therapeutic effect of Cannabis in elderly populations but also its safety when compared to conventional protocols such as opioids. If you are interested in producing and promoting Cannabis based products in NJ and would like to get some guidance, contact info@NJCBTI.com
Food and Beverages:
Many people are putting Cannabis in Food and beverages. In December 2018 the FDA classified 3 cannabis based ingredients as Generally Recognized As Safe and Efficacious (GRASE). But only for HEMP!
Health and Wellness:
In the Forbes article from 2018 the feeling is that women are increasingly turning to cannabis for health reasons with menstruation, menopause and sex listed as the top conditions they are treating. They are consuming cannabis at higher rates than before and boosting sales of items like infused candy, baked goods and skin care products.
Are you growing Marijuana or HEMP?
The NJ Cannabis Legalization Bill may come into effect in July 1st. In this case Marijuana and HEMP can be grown in NJ as long as they comply with the requirements of this Bill. Only HEMP derived products can be transported across State lines. Marijuana Derived products cannot.
Read the 2018 Farm Bill