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CBD And What You Need To Know About it | S2S Insurance Specialists

CBD, there are a lot of questions about what it is, what it can do, and whether it is legal. We’ll help clarify some of this for you to help you make a decision as to whether it is right for you. What is CBD? CBD is officially known as cannabidiol, it is typically extracted from the cannabis or hemp plant. One of the main keys to the extract is that it is not psychoactive because it does not contain tetrahydrocannabinol or THC. Without THC, there is no high. The ability to use cannabidiol without getting high makes it an attractive option for many that seek the medical benefits of cannabis and hemp, but want to avoid the high for various reasons.

CBD, cannabidiol, David Rahn, cannabis insurance specialists, marijuana insuranceCannabidiol oil is steadily gaining momentum in the health and wellness world, because there is evidence that suggests it may help treat a variety of ailments from chronic pain to anxiety. There is some controversy around CBD oil because of the stigma attributed to recreational marijuana use. There is growing awareness about the possible health benefits of this natural elixir.

Until now, CBD has existed in a kind of legal gray area: In many places it is not necessarily legal, but it’s also not illegal. But this month, the passage of the 2018 Farm Bill will remove hemp and CBD from the Drug Enforcement Administration’s list of “Schedule 1” controlled substances, making it an ordinary agricultural commodity and allowing it to be legally sold in all 50 states.

With laws around it relaxing, CBD is going mainstream. Beverage giants like Coca- Cola KO, +2.52% and Pepsi PEP, +0.78% are eying CBD-infused beverages as consumption of traditional soda declines. The market for CBD products is anticipated to grow to more than $2 billion in total sales by 2020. People are using CBD for anxiety, sports injuries, and face serums, and even giving it to their pets.

Cannabis plants contain hundreds of chemical components called cannabinoids, but the two main ones are delta-9-tetrahydrocannabinol (THC) and cannabidiol. THC is an intoxicating substance that interacts with endocannabinoid receptors in a user’s brain, activating reward mechanisms that produce dopamine and get a user high.

CBD does not affect these receptors the same way and, therefore, does not have a psychoactive effect. Like THC, the extract can be consumed in liquid and other edible forms or through a vape pen.

cannabidiol, CBD, dispensary insurance, Eric Rahn, lab testing insurance, who insures the marijuana industryWhile CBD is advertised to treat insomnia, chronic pain, depression, and anxiety, there is little scientific evidence to prove it is effective for these ailments. Cannabidiol may be effective for depression and anxiety treatment, studies on rats have shown, but there’s little research on the effects of the extract on humans.

If you are looking into starting a cannabis related business around cannabis and hemp extracts, your need for a risk management strategy does not change just because the product does not have THC in it. Business owners should reach out to a cannabis insurance specialist like Eric Rahn of S2S Insurance Specialists to help with your insurance needs.

read more at marketwatch.com

THC Amounts The Same In Different Cannabis Strains According To Study

If you are in the cannabis industry chances are you know what the letters THC stand for. Tetrahydrocannabinol, also known as THC, is the principal psychoactive constituent of cannabis. THC is specifically listed under Schedule I by US federal law under the Controlled Substances Act for having “no accepted medical use” and a “lack of accepted safety.” According to Gallup’s most recent poll, 66% of American voters and everyone in the cannabis industry in the United States or worldwide, will tell you they strongly disagree with this classification of THC and the reasoning behind it. In order to change the United States government’s view on THC and other countries, it is important to understand this component of cannabis.

THC, Eric Rahn, cannabis insurance specialists, s2s insurance specialists, marijuana chemistryOne way to begin to have a better understanding of THC is to figure out how much of it is in cannabis? That is exactly what research from UBC’s Okanagan campus set out to do and was able to come to a conclusion. The research from the Canadian university determined that many strains of cannabis have virtually identical levels of tetrahydrocannabinol (THC) and cannabidiol (CBD), despite various claims and names given in the unregulated and regulated markets.

“It is estimated that there are several hundred or perhaps thousands of strains of cannabis currently being cultivated,” says Professor Susan Murch, who teaches chemistry at UBC Okanagan. “We wanted to know how different they truly are, given the variety of unique and exotic names.”

Cannabis breeders have historically selected strains to produce THC, CBD or both, she explains. But the growers have had limited access to different types of plants and there are few records of the parentage of different strains.

THC, S2S Insurance Specialists, marijuana insurance, cannabis lab testing insurance, understanding marijuana“People have had informal breeding programs for a long time,” Murch says. “In a structured program we would keep track of the lineage, such as where the parent plants came from and their characteristics. With unstructured breeding, which is the current norm, particular plants were picked for some characteristic and then given a new name.”

The research shows that most strains, regardless of their origin or name, had the same amount of THC and CBD. They further discovered that breeding highly potent strains of cannabis impacts the genetic diversity within the crop, but not THC or CBD levels.

“A high abundance compound in a plant, such as THC or CBD, isn’t necessarily responsible for the unique medicinal effects of certain strains,” says Mudge. “Understanding the presence of the low abundance cannabinoids could provide valuable information to the medical cannabis community.”

Cannabis has been around a long time, but many scientists and cannabis enthusiasts believe there is a great deal we still don’t know about the plant. An understanding of the amount of THC in various strains is not only interesting but can help states and countries make more sensible laws when it comes to regulation. This information can help cannabis testing labs establish more accurate baseline amounts of THC when testing cannabis for various reasons. At S2S Insurance Specialists we not only provide risk management strategies for cannabis companies, we are advocates for the legalization and safe use of cannabis. Contact Eric Rahn of S2S Insurance today for assistance with your cannabis business risk management strategy.

read more at phys.org

Why Cannabis Lab Testing Insurance Matters | S2S Insurance

As cannabis and CBD oil become more mainstream due to legalization in states across the country, it is important that consumers know what they are consuming. Cannabis lab testing allows for wholesalers, retailers, and the end consumer to trust that what they are selling/buying is what they believe it to be. The cannabis and CBD market is new and growing with increased competition everyday, so it is important that the consumer knows how to distinguish the good from the bad. If you are a person looking for just CBD oil, which lacks the THC or the psycho-active component of cannabis, you do not want to end up with something that has more THC than anticipated. Same goes for someone looking for a product containing THC, you do not want something missing the main ingredient. Cannabis lab testing helps to prevent those types of mistakes from happening, among others.

S2S insurance, cannabis lab testing, marijuana testing, Eric Rahn, who insures marijuanaWhen searching for a CBD or cannabis product, consumers should look for products that have been tested by a third party and not just the company selling it to the consumer. Independent testing companies stake their reputations on each test they produce, so they have no reason to be biased toward manufactures. The job of the third party cannabis lab testing facility is to identify the purity, potency, and other data points to ensure the product is safe for consumption. Most states have requirements for lab testing of all cannabis and CBD products, but these regulations and requirements vary state to state.

Cannabinoid potency data quantifies levels of plant cannabinoids present in cannabis products. Producers are required to obtain potency data for THC and CBD, the two most common cannabinoids. It’s important for consumers to know THC and CBD levels because these will have a strong influence on the effects of the product. For example, some medical patients may want a strain with a high CBD: THC ratio, while adult-use consumers may request the opposite.

According to Confidence Analytics, a state-certified laboratory in Washington, “there are no strong regulations in place about how cannabis chemicals are measured. However, HPLC has emerged as the dominant technique for measuring cannabinoids.” In other industries, there are specific guidelines on testing methods and settings for laboratory equipment.

S2S Insurance can help insure your cannabis testing lab, contact us today!This lack of regulation can lead to discrepancies in potency data and inaccurate cannabinoid data. States are pushing to standardize cannabis testing and ensure that potency values are consistent across laboratories. In Washington state, a group of I-502 accredited laboratories are undergoing a “round robin,” measuring the potency of an unknown cannabis sample and comparing the results between laboratories. If proper testing practices are in place at each laboratory, reported potency data should be similar across the board.

If you are the owner or manager of a cannabis testing lab, you are aware of the importance of what happens in your lab. The flip side of this from cannabis insurance specialist Eric Rahn is “are you prepared to deal with the cost of a mistake”? He follows that statement with “Cannabis is an industry that requires accurate compliance and financial records, cannabis insurance can safeguard you from faulty errors and omissions.” Cannabis labs are no different than any other branch of the cannabis business and need specialized insurance that covers the lab in spite of it’s dealing with cannabis. Cannabis is a Schedule I drug in the US and often can prevent insured business owners from collecting if they don’t have the right policy. Contact an insurance professional at S2S Insurance today.

read more at leafly.com