420 with CNW — Governor Hochul Signs Legislation Granting New York Cannabis Businesses Code 280E Tax Relief

420 with CNW — Governor Hochul Signs Legislation Granting New York Cannabis Businesses Code 280E Tax Relief

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Governor Kathy Hochul has signed into law a measure that provides tax relief to cannabis businesses in the state of New York. The measure, which was approved by the Senate and Assembly a few months ago, fills a policy gap left by a separate measure the governor signed in 2022, which included provisions that permitted tax deductions for marijuana businesses in the state.

In summary, the resolution would permit deductions for business expenses incurred by those authorized by the law to sell, distribute or produce medical marijuana or adult-use marijuana products, for purposes of the business corporation tax, the general corporation tax and the unincorporated business tax. A memo attached to this resolution stated that the modification was appropriate as the expenses of marijuana-related businesses couldn’t be deducted for federal purposes.

Legislators in a few other states have been looking into a tax workaround as state-licensed marijuana businesses continue to grapple with considerably higher federal tax rates as a result of prohibition. For instance, lawmakers in Pennsylvania passed a large-scale tax reform measure in October that contained language to offer state-level relief to medical cannabis businesses.

Governor Janet Mills of Maine also signed a measure to separate state tax from the federal policy for marijuana businesses. In addition, Connecticut Governor Ned Lamont also signed a budget resolution that included provisions offering tax relief at the state-level to licensed cannabis businesses as a workaround for the growing industry.

Illinois Governor J.B. Pritzker also signed a budget measure that included provisions that permitted licensed cannabis businesses to take state tax deductions that were currently prohibited under the 280E code. Prior to the moves made by the Connecticut and Illinois governors, New Jersey governor Phil Murphy signed a measure that would permit licensed cannabis businesses to deduct some expenses on their state tax returns as a partial fix.

Legislators in Virginia and Iowa have also pursued similar tax relief measures for their state’s cannabis markets.

A bill that would amend the IRS code and permit state-legal cannabis businesses to take federal tax deductions that were availed to companies in other industries was also reintroduced by Representative Earl Blumenauer in Congress. At the federal level, however, cannabis businesses in legal states are still not allowed to make federal deductions under Section 280E of the Internal Revenue Code. This is primarily because marijuana remains classified as a Schedule I substance under the Controlled Substances Act.

This issue can be resolved if the DEA considered the recommendations made by the Department of Health and Human Services and reclassified cannabis under Schedule III.

These efforts to provide a measure of tax relief to cannabis companies is a step in the right direction and enterprises such as Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) could use the funds they save in this way to avail more product options to their customers.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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BZAM brought in $1.6 million in profit in Q3 2023

BZAM brought in $1.6 million in profit in Q3 2023

BZAM Ltd., a Canadian cannabis company with facilities in BC and Ontario, reported its third-quarter financial results for 2023. The company posted $21 million in revenue, with $1.6 million in direct gross profit after expenses. 

Direct gross profit is calculated before changes in the fair value of “biological assets”, i.e. cannabis plants.

The company’s net revenue increased significantly compared to the same quarter in 2022, when it was just under $10 million, and a smaller increase compared to Q2 2023, which saw just over $19 million in sales.

Direct gross profit for Q3 2023 was 8% before changes in “fair value of biological assets”, compared to 6% in Q3 2022 and 16% in Q2 2023. BZAM attributes the decrease from Q2 2023 primarily to “inventory cost provisions and the clean-up of old inventory through sales at or below cost.”

Quarter-on-quarter increases in net revenues for BZAM were powered by the increase in sales from its Highly Dutch brand, -ness vapes, and infused pre-rolls but were partly offset by the discontinuation of some low-margin SKUs.

The BZAM brands include core brands BZAM™, TGOD™, -ness™, Highly Dutch Organic™, TABLE TOP™, and partner brands Dunn Cannabis, FRESH, and Wyld. 

Loss from operations was $12.9 million in Q3 2023, compared to $8.7 million for Q3 2022 and $12.1 million in Q2 2023.

In the most recent quarter, BZAM also received orders under its international distribution agreements in Germany, Australia, and the United Kingdom following the acquisition of its EU-GMP certification in Q2 2023. As of October 31, 2023, the company had delivered export orders to those three markets totalling $1.05 million.

After the quarter’s end, BZAM also received $1.79 million in borrowing from Stone Pine Capital Ltd., a company controlled by the BZAM’s largest shareholder and current Chairman, Bassam Alghanim. He invested another $5 million into BZAM earlier this year, as well.

BZAM’s share value has declined considerably in 2023, from about 60 cents in late November 2022 to about 15 cents in late November 2023.


420 with CNW — Governor Hochul Signs Legislation Granting New York Cannabis Businesses Code 280E Tax Relief

420 with CNW — UMass Study Concludes High Schoolers’ Likelihood to Use Cannabis Isn’t Heightened by Legalization

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A new study has found that high schoolers are not as likely to use cannabis following the drug’s legalization. This finding weakens prior claims that youth who know or think that their friends, siblings or parents use cannabis may have a heightened risk for marijuana use and additional intervention and prevention strategies need to be implemented to reduce said risk.

The study, which was carried out by researchers at the University of Massachusetts Amherst, included associate professor Jennifer Whitehill of health policy and management and Public Health and Health Sciences doctoral candidate, Faith English. Whitehill’s focus, as the study’s senior author, was assessing whether the link between perceived cannabis use by friends and family, a risk factor for adolescent cannabis use, changed in the context of legalization.

For their study, the researchers conducted an analysis of data gathered from a pair of high schools in Massachusetts. They then compared data from two years: before marijuana was legalized and after retail stores were launched. They observed no significant difference in the prevalence of cannabis use in a 30-day period.

Among the participants surveyed prior to legalization, 27% and 19% of males and females respectively, reported that they used cannabis in the last 30 days. In the survey conducted after legalization, 28% and 20% of males and females respectively reported cannabis use in the last 30 days. They also observed that following legalization, the percentage of adolescents who reported that their parents used cannabis grew to 24% from 18%.

Currently, the recreational use of cannabis is fully legal in 24 states and the District of Columbia. In legal states, individuals aged 21 years and older are allowed to purchase and possess cannabis for recreational use. The researchers also discovered that perceived use of cannabis by a best friend, in comparison to perceived use by other parties, had the strongest link with cannabis use by teenagers.

The study’s findings can help inform public health guidelines and policy in the state of Massachusetts as well as other states rolling out marijuana laws.

English, who was the lead author of the study, is also interested in how legalization of marijuana influences youth contact with the justice system. In her dissertation, she assesses trends in marijuana-related discipline in a school setting and uses qualitative interviews with adolescents to understand their experiences with and perspectives on discipline in a school setting.

The study’s findings were reported in a special issue of “Clinical Therapeutics.

This study shows that opponents of legalization have no scientific basis to malign the entire cannabis industry, together with its leading players such as Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), for allegedly commercializing a product that would become increasingly accessible to kids. The data disproves such a claim.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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From Shadow Work to Soul Craft

From Shadow Work to Soul Craft

www.self-inflictedphilosophy.com

From Shadow Work to Soul Craft

By Gary Z. McGee

“In all chaos there is a cosmos, in all disorder a secret order.” ~Jung

Shadow work is soul work. Anyone who says otherwise is selling something. All soul work must begin in shadow work, otherwise there is no depth, no roots, no core experience, no wholeness.

As the old Zen proverb states, “Before enlightenment, chop wood. After enlightenment, chop wood.” Likewise: before lightwork, shadow work. After lightwork, shadow work. Before carpe diem (seize the day), carpe noctem (seize the night). After carpe diem, carpe noctem.

What does it mean to seize the night? It means getting down and dirty with shadow work. It means facing your inner darkness, baptizing your inner beast, and assimilating your demons. It means leveraging a Dark Night of the Soul. It’s realizing that life is less about getting what you want and more about making the best of what you get.

As Shakespeare said, “You are an alchemist; make gold of that.” Make pearls out of your grit. Forge diamonds out of the coal. Create sharpness out of your dullness. Grow sacred wounds out of your pain. Transform shadow work into soul craft.

When you integrate your shadow, depth, rootedness, and stability are born. You become grounded, courageous, self-reliant, and more secure in your skin. A kind of antifragility emerges.

The ability to transform a negative into a positive manifests. Best of all, shadow work gives you purpose, and having a purpose quells fear. You become capable of using fear as fuel for living your most authentic life.

When you emerge from the cocoon of shadow reconciliation, you discover that you are no longer limited by boundaries, you are liberated by horizons.

Transform wounds into wisdom:

“The cure for the pain is in the pain.” ~Rumi

We are mortal mammals outflanked by entropy. We will die. This fact creates endless amounts of anxiety, angst, and existential pain. But these are not ailments. These are fundamental ingredients of the human condition. To be anxious is to be alive. To have angst is to be aware. To experience pain is to be human.

How could we not be anxious? How could we not feel angst and pain? Life is a sequence of impossible decisions veiled by uncertainty. We are fallible creatures cast out upon an infallible cosmic ocean without a boat, or even floaties.

As Colin Wilson said, “Death reveals to us that our lives have been one long miscalculation based on triviality.”

So, what do we do in the face of these gross miscalculations, these egregious trivialities? We should integrate the pain. We should reel in the angst and transform it into grace. We should honor the anxiety by employing it as a catalyst that can launch us into artistry and mastery. Pain is the medium of catharsis.

There is more wisdom in an inch of hard-earned scar than in a mile of easily gained knowledge.

We should practice existential masochism. Existential masochism is the pleasurable experience of transforming pain into strength. It’s seeing the obstacle as the path. It’s the empowering process of transforming our wounds into sacred wounds.

The wound becomes a sacred wound only when we allow it to sharpen us. We must move past self-pity. We must stiff-arm woe-is-me weakness. It’s our responsibility alone to rearrange the nightmare. We must become the wound in order to heal. We must make use of our suffering, or it will devour us.

The wound of yesterday has the potential to be the wisdom of tomorrow, but it must be reconciled in the present. This is soul craft.

Transform setbacks into steppingstones:

“A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing.” ~George Bernard Shaw

The greatest art is created from the greatest mistakes. The pebble is a mistake to the oyster but a pearl to the master. The diamond in the rough is forged by the rough. Quality comes from quantity, and the quantity is almost always a plethora of mistakes that became steppingstones that led to quality.

As the old African proverb states, “Through mistakes one becomes wise.” Indeed.

The worst mistake of all is to stop making mistakes. The worst wrong of all is nonaction due to the fear of being wrong. This is a mistake of laziness. The best mistakes are mistakes of ambition. The courage to be wrong is daring to make mistakes that could lead to deeper curiosity, healthier action, more profound art, and a higher perspective that has the potential to broaden the view of humanity.

As Robert Greene said, “Timidity is dangerous. Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity.”

We should never be afraid of being wrong or making mistakes. We should be afraid of never trying. We should be afraid of laziness. We should be afraid of procrastination.

The courage to be wrong keeps the human leitmotif open-ended. It transforms periods into question marks. It switches out one profound truth for another profound truth. It keeps things in perspective by allowing fallibilism to trump all other isms.

As Neil Gaiman said, “Make New Mistakes. Make glorious, amazing mistakes. Make mistakes nobody’s ever made before.” Then transform those mistakes into high art. This is soul craft.

Transform victimhood into a Hero’s Journey:

“It is not death that a man should fear, but he should fear never beginning to live.” ~Marcus Aurelius

We live in unhealthy cultures that tend to create victims. We have become abstract abstractions. Our cultural conditioning has us chasing our own tails, clogging up the clockwork, and forgetting that Nature and the huma soul are one. It’s all connected and yet we are disconnected from it all. We have become twice removed from cosmos and interconnectedness.

But as Albert Camus said, “The greatness of man lies in his decision to be stronger than his condition.”

What does it mean to become stronger than our condition? It means overcoming cultural conditioning. It means reconditioning our conditioning. It means, most of all, taking our own unique hero’s journey.

Civilization has made us soft. Domestication has transformed our wolf heart into a preened puppy. Adventure, challenge, and adversity is the cure.

Taking the hero’s journey is a way to break the cycle. It’s a way to transform our boring life. It’s a way to come alive despite a culture that seems to want to keep us half-dead.

We break the spell by looking at our life as a journey rather than a grind. We take the leash off our victimhood and replace it with the crown of a hero’s journey.

Taking the hero’s journey is daring to take the grit of our current self and test it against the rub of the universe. It’s taking the coal of our ego and testing it against the pressure of a challenging world. It’s taking the dullness of our life and sharpening it against the whetstone of adversity.

If we survive, then we’ll have become a pearl for the rub. We’ll have become a diamond for the pressure. We’ll have become sharper from the honing. But without the rub, the pressure, and the sharpening, all we would have is grit, coal, and dullness. All we’d have is a wasted life.

The Hero’s Journey is a whetstone. It’s a way of sharpening our character. It’s a way of testing our mettle against the crucible of a life well-lived. It’s a way of strengthening the muscle of the soul.

As Joseph Campbell wisely surmised, “The modern hero must not wait for his community to cast off its slough of pride, fear, rationalized avarice, and sanctified misunderstanding. ‘Live,’ Nietzsche says, ‘as though the day were here.’”

We must not wait to overcome our own threshold guardians, shadows, and dragons. We should live as though the day were here. We should pluck the strings of destiny, discover the magic elixir of competence, and then gift it back to the “tribe.”

Life is too short to remain a victim. And there are too many victims in need of a hero who can lead by example. The hero’s journey is that example. It’s a mighty beacon in the dark. It’s a beacon of darkness in the blinding light. It’s a psychosocial symbol for next-level transformation, individuation, self-actualization, and enlightenment. It’s soul craft in its purest form.

Image source: Compassion God by Sarper Baran

About the Author:

Gary Z McGee, a former Navy Intelligence Specialist turned philosopher, is the author of Birthday Suit of God and The Looking Glass Man. His works are inspired by the great philosophers of the ages and his wide-awake view of the modern world.

This article (From Shadow Work to Soul Craft) was originally created and published by Self-inflicted Philosophy and is printed here under a Creative Commons license with attribution to Gary Z McGee and self-inflictedphilosophy.com. It may be re-posted freely with proper attribution, author bio, and this statement of copyright.

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The Seven Principles of Success

The Seven Principles of Success

Unorthodoxy

The Seven Principles of Success

A Practical Guide to Using People, Self, and Time to Your Advantage

by Franklin O’Kanu

The other day, browsing Threads, I came across a video titled “7 Rules to Become a multi-millionaire.” The speaker, Chris Choi, shared seven tips that helped them become a millionaire.

Becoming a millionaire may seem like an unattainable goal, but by breaking it down into these seven achievable steps and applying them regularly, it’s possible.

In this article, I have summarized the seven steps required to become a millionaire. To simplify the information, I used mental frameworks or first principles.

The seven steps outlined in this guide are categorized into three distinct areas: people, self, and time. By adhering to these steps, you will conduct yourself productively throughout your life and potentially achieve great success — and possibly — even becoming a millionaire.

  • These steps are designed to help you develop the skills and habits necessary to succeed personally and professionally.
  • By building strong relationships, developing a growth mindset, and managing your time effectively, you can position yourself for success and achieve your goals.
  • With dedication and hard work, you can use these steps to create a fulfilling and prosperous life.

Let’s start with people. This is the first area that you need to focus on.

An image for the following passage: nnThe seven steps outlined in this guide are categorized into three distinct areas: people, self, and time. By adhering to these steps, you will conduct yourself productively throughout your life and potentially achieve great success — and possibly — even becoming a millionaire. nnThese steps are designed to help you develop the skills and habits necessary to succeed personally and professionally. nnBy building strong relationships, developing a growth mindset, and managing your time effectively, you can position yourself for success and achieve your goals. nnWith dedication and hard work, you can use these steps to create a fulfilling and prosperous life.nnLet's start with people. This is the first area that you need to focus on.

  • The first principle of people is to be careful who you share your dreams with.
  • The second principle is to watch for your circle and ensure you are not the biggest fish in your pond.

Your network determines your net worth, and you are the average of the five people you spend the most time with. Therefore, you need to evaluate the people you hang out with to grow and improve.

Your environment makes up who you are. From a spiritual and esoteric perspective, you are constantly surrounded by the energies and auras of the people you interact with.

  • If you are on a journey of self-awareness, the five people in your circle may not be on the same path.
  • When you share your goals with them, their lack of self-awareness may cause them to shut down your ideas without malice.

If you want to level up and your environment is full of people who are not growing, it will be difficult for you to achieve your goals. You need a new network of individuals who have been through the same problems and challenges you face. They can provide wisdom and guidance based on their experiences, making it easier for you to level up. Your literal and energetic environment has a significant impact on your net worth.

To sum up, be careful who you tell your dreams to and watch out for your circle. Your environment affects you in more ways than you know, so you must constantly evaluate and change it to ensure you are surrounded by individuals who help you grow.

  • Firstly, we need to adopt new habits and rituals.
  • Secondly, we need to get familiar with being uncomfortable.

The next aspect that we need to consider here is related to ourselves. There are two things that we need to keep in mind when it comes to ourselves. Firstly, we need to adopt new habits and rituals.

The habits and rituals that we have followed so far have brought us to where we are today. However, if we aspire to reach the next level of our lives, we need to do something new that can take us there.

Secondly, we need to get familiar with being uncomfortable. If we want to create new rituals and habits, our bodies will likely resist them, as we tend to resist change. Therefore, we need to be comfortable with feeling uncomfortable.

  • What happens is that we realize this pain is a good thing.
  • This uncomfortability is a good thing.
  • This new habit that I am trying to implement is a good thing.

I follow a page called “After School” on Instagram and also watch their YouTube videos. They provide a lot of valuable insights. Recently, they shared a post about how every individual faces pain with every choice they make.

You have to choose between the pain of regret or the pain of discipline.

  • If you do something you’re not supposed to, you’ll regret it later and feel the pain. But if you do something you’re supposed to, even if it’s not easy, you’ll feel the pain of discipline because you’re pushing against the resistance.
  • Getting uncomfortable in life and finding peace in that discomfort is important. When you become comfortable with being uncomfortable, you become comfortable with the pain of discipline.

Knowing this is helpful when you’re trying to establish new habits and rituals. You must understand that there will be some pain involved, but you need to push through it.

If we can do this for ourselves, we start to do things that take us out of our comfort zone. And as the old saying goes, fortune favors the bold. You can only be brave when you step out of your comfort zone.

  • The first principle of time is that we should give up things that are not remunerative.
  • The second principle of time is making money in our sleep, which is about creating a system that doesn’t necessarily need our presence.

In the following aspects of the video, the speaker discusses the two principles of time that we need to be mindful of as we take on tasks or projects. The first principle of time is that we should give up things that are not remunerative.

  • If we invest our attention in things that will give us a return, it is a better use of our time than investing our attention in things that do not provide us any value. We need to understand the value of our attention.
  • The speaker uses the analogy of Netflix, social media, and all such activities that waste our time and suggests that we should give them up because the time we spend on them is not remunerative.

The second principle of time is making money in our sleep, which is about creating a system that doesn’t necessarily need our presence.

  • This means we must invest our time in things that will give us value even when we are not physically present.
  • The speaker suggests the idea of sacrifice, where giving up something like drinking or social media can serve as a reminder to stay focused and work towards something.

One of the major issues with our current society is that we often trade our time for money, leading to the never-ending rat race. This is due to our indoctrination through education, which taught us to follow this path.

Recommended Reading: The Origins Of Education

Recommended Reading: How Millennials Were Set Up To Fail

However, most successful people have realized that by taking back control of their time and attention, they could focus on what they desired, which eventually manifested for them.

This highlights the power of time and attention, and it makes us wonder if the creators of our society intentionally designed systems that consume our time and attention to serve their corporate goals.

Recommended Reading: The Cost of Paying Attention

Recommended Reading: The Secret Behind The Secret

It’s important to note that we’re not suggesting that one should quit their job immediately. In fact, it’s quite the opposite. Money is a valuable resource that can help us make positive changes in our lives, so it’s important to respect and be mindful of it.

However, we should look closer at how we spend our time and whether we’re investing it in activities that pay us back spiritually, physically, and mentally.

To close on the topic of time, we need to understand the importance of knowing the objective whenever we take on a task or a project. We need to be clear about what we expect to get done and why we are doing it.

This clarity helps us make the most of our time and ensures that we invest it in things that will give us value. I plan to discuss this idea further in their upcoming article on productivity.

To Close, The Principle That Connects All

We’ve discussed three essential aspects of success: people, personal habits, and time. If you can manage these six things effectively, you’re on your way to becoming successful and even a millionaire.

However, the seventh principle is crucial. It’s living within your means. Even if you’ve succeeded, you must keep the principles that brought you here. You might tweak them to improve yourself, but the last rule is that you don’t splurge or become gluttonous. That’s breaking the very principles that got you here in the first place.

Your goal should be to live under your means to stay level-headed, aware, and in control of your success. This is the awareness piece, where self-awareness plays a crucial role.

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When you’ve achieved success, the ego might want to take over and indulge in splurging, but there’s a time and place for everything.

You can have a good time, but only if you’ve made time for it and understand the value of it. Don’t trade off productive work that needs to be done for temporary gain or fun.

So, these are the seven principles of success that are worth considering. Your thoughts and feedback on these would be greatly appreciated. Thank you for your time, and I hope you have a productive day.

Unorthodoxy is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Before we delve into this chapter, let’s consider two important questions: Why do we love our government? Why do we tolerate our rulers? One might argue that we don’t actually love them, we simply tolerate them. However, this explanation fails to address why we accept burdensome policies imposed on us.

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Study Suggests Stacking Psychedelic Microdoses with ADHD Medication Could Improve Outcomes

Study Suggests Stacking Psychedelic Microdoses with ADHD Medication Could Improve Outcomes

Psychedelics have captured the scientific and mental-health communities’ attention due to extensive claims of their medical efficacy, particularly against hard-to-treat mental disorders. Several studies have connected psychedelics such as psilocybin (magic mushrooms), LSD and MDMA with significant and long-term improvements in mental health.

These studies have found that psychedelic therapy can be especially effective when it is paired with traditional psychotherapy and often induces profound and long-term benefits at small doses and with relatively few side effects. Even though the psychedelic field is still in the early research phase, results from clinical studies as well as anecdotal accounts have been so encouraging that an increasing number of Americans are choosing to microdose various psychedelics for health and wellness reasons.

People as diverse as everyday moms to high-level executives have dabbled in microdosing psychedelics in recent years. Many of them report improvements in creativity, focus and mental health as a result. Some folks are even using psychedelics to supplement their ADHD treatment in a move that could revolutionize how physicians perceive and treat attention-deficit hyperactivity disorder.

Studies indicate that taking small doses of hallucinogenic substances may alleviate some of the symptoms that affect people with ADHD and improve their mindfulness. These improvements seem to remain even when ADHD patients microdose psychedelics alongside conventional treatments, opening the door to new treatment protocols that leverage both psychedelics and pharmaceutical medications.

Pharmaceuticals such as Concerta, Ritalin and Adderall are often used to reduce hyperactivity and impulsivity in patients with ADHD. However, they rarely help adults with the condition deal with the challenges involved in living with ADHD, such as struggling to be present in the moment or dealing with emotional instability. In fact, some medications can even exacerbate symptoms such as stress and anxiety, which makes the day-to-day lives of adults with ADHD even more challenging.

Stacking psychedelics microdosing with prescription ADHD medications could allow patients to treat the classic impulsivity, hyperactivity and inability to focus associated with ADHD and alleviate poor mental-health symptoms. This could result in more comprehensive treatment protocols that would treat a much wider profile of symptoms and offer patients greater relief across the board.

A recent microdosing study that was published in the “Frontiers in Psychiatry Journal” found that psychedelic microdosers who had ADHD exhibited more levels of mindfulness and lower levels of emotional instability compared to the general population. The study also found that pharmaceutical ADHD medications did not affect psychedelics’ ability to improve mental health when stacked, indicating that both approaches offer separate therapeutic pathways. This could result in the development of personalized treatment protocols that use both pharmaceuticals and psychedelics to treat the full breadth of ADHD symptoms with no additional side effects.

With entities such as Seelos Therapeutics Inc. (NASDAQ: SEEL) studying the potential applications of psychedelics in treating a host of other mental -health conditions, the full extent of the medicinal value of these substances may yet expand beyond what is currently known.

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OCS announces first round of Social Impact Fund partnerships

The Ontario Cannabis Store (OCS) has announced the first recipients of funding through its Social Impact Fund. 

The Fund, launched in April 2023, provides funding for organizations working to promote social responsibility in connection with cannabis.

The fund’s first recipients are the Centre on Drug Policy Evaluation, The Cannabis Social Equity and Equality Development (SEED) Initiative, the Princess Margaret Cancer Centre, the University of Calgary, the Canadian Students for Sensible Drug Policy (CSSDP), and McMaster University.

The Social Impact Fund is part of our continued commitment to making a positive impact in Ontario and beyond, and will provide a growing opportunity to invest in programming and research that aligns with OCS’s social responsibility objectives.

Dr. Jenna Valleriani, Senior Manager, Social Responsibility at OCS

The OCS has provided $500,000 to support programs, services, and research by incorporated not-for-profits, registered charitable organizations, and researchers affiliated with academic or research institutions that “contribute positively to the Ontario public and legal cannabis industry.”

These first projects cover an array of related subjects, including but not limited to studies on the physical health impacts of cannabis exposure, digital storytelling about cannabis harm reduction, and cannabis workforce empowerment programs.

More information on the program, the recipients, and the 2024 call for applications can be found here

“We are thrilled to introduce the inaugural Social Impact Fund project teams, and look forward to supporting this important work over the next year,” says Dr. Jenna Valleriani, Senior Manager, Social Responsibility at OCS. “The Social Impact Fund is part of our continued commitment to making a positive impact in Ontario and beyond, and will provide a growing opportunity to invest in programming and research that aligns with OCS’s social responsibility objectives.”

Michael Athill, the director of the Cannabis Social Equity and Equality Development (SEED) Initiative, which seeks to create opportunities for Black, Indigenous, and People of Color (BIPOC) individuals to succeed in the cannabis industry, also commented. 

“The legalization of cannabis in Canada has spawned inspiring stories of both local and global impact,” said Athill, who was also the co-founder of a cannabis micro production facility in Ontario, North America’s first entirely Black-owned, federally licensed cannabis cultivation and processing facility. 

“The SEED Initiative is our chance to write more of these stories, especially from marginalized communities,” he continued. “SEED is not just a platform; it’s our commitment to building a pipeline of success by minimizing the obstacles that hinder progress. Together, let’s lift as we climb.”

Funding through the initiative can range from $25,000 to $100,000 for projects that are eight to 12 months in length, and the first round of organizations had until May 25 of this year to apply.

The OCS initially set aside up to half a million dollars for the first year of the project, with a goal of providing it for initiatives that are aligned with the three key pillars of OCS’s social responsibility strategy for 2021–2024: establishing a foundation for environmental sustainability, supporting a diverse and inclusive cannabis industry in Ontario and advancing cannabis knowledge and responsible consumption.


OCS announces inaugural Social Impact Fund community partnerships

OCS announces inaugural Social Impact Fund community partnerships

Toronto — Building on its commitment to prioritize social responsibility as it enables Canada’s largest and most vibrant cannabis marketplace, the Ontario Cannabis Store (OCS) announced today the first partner projects selected to receive funding as part of its inaugural Social Impact Fund (the Fund). This year’s recipients are:

  • Centre on Drug Policy Evaluation
  • The Cannabis Social Equity and Equality Development (S.E.E.D.) Initiative
  • Princess Margaret Cancer Centre
  • University of Calgary
  • Canadian Students for Sensible Drug Policy
  • McMaster University

The Fund, first introduced with a call for applications in April 2023, exists to establish meaningful community partnerships that bridge gaps in knowledge, create shared social value and mobilize positive change related to cannabis in Ontario and beyond. In this pilot year, OCS has allocated $500,000 to support programs, services and research by incorporated not-for-profits, registered charitable organizations and researchers affiliated with academic or research institutions that contribute positively to the Ontario public and legal cannabis industry.

Selected partner projects and associated funding streams strategically align with OCS’s three pillars of social responsibility:

  • Establishing a foundation for environmental sustainability
  • Supporting a diverse and inclusive industry
  • Advancing cannabis knowledge and promoting responsible consumption

This year’s projects range from studies on the physical health impacts of cannabis exposure, to digital storytelling about cannabis harm reduction, to cannabis workforce empowerment programs and more.

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Additional information about the Fund, each of this year’s inaugural community partnership projects and key details related to OCS’s 2024 call for Fund applications is available at OCS.ca/SocialImpactFund.

Quotes:

“Today is an exciting day as we launch the Social Impact Fund’s inaugural community partnership projects. OCS is committed to championing a socially responsible cannabis industry and proud to support initiatives like these that help foster our vision of enabling Canada’s largest and most vibrant cannabis marketplace.” — Tanya Watkins, vice president, corporate affairs, social responsibility & strategic engagement, OCS

“We are thrilled to introduce the inaugural Social Impact Fund project teams, and look forward to supporting this important work over the next year. The Social Impact Fund is part of our continued commitment to making a positive impact in Ontario and beyond, and will provide a growing opportunity to invest in programming and research that aligns with OCS’s social responsibility objectives.” — Dr. Jenna Valleriani, senior manager, social responsibility, OCS

“We are grateful for the opportunity to continue our work in support of more equitable cannabis policies in Canada and commend OCS for championing social responsibility and driving progress in Canada’s cannabis industry. Together, we will examine approaches for strengthening inclusion and diversity in Ontario’s cannabis industry, particularly for underrepresented racial groups adversely affected by cannabis prohibition, to inform Ontario’s cannabis retail sector and efforts to redress harms from cannabis prohibition.” — Dr. Akwasi Owusu-Bempah, racial equity lead, Centre on Drug Policy Evaluation

“The legalization of cannabis in Canada has spawned inspiring stories of both local and global impact. The S.E.E.D. Initiative is our chance to write more of these stories, especially from marginalized communities. S.E.E.D. is not just a platform; it’s our commitment to building a pipeline of success by minimizing the obstacles that hinder progress. Together, let’s lift as we climb.” — Michael Athill, director, Cannabis Social Equity and Equality Development (S.E.E.D.) Initiative

“We are honored to receive this grant from the OCS’s Social Impact Fund, enabling us to explore whether there is a link between cannabis use and prostate cancer. This project promises to enhance patient education and policy on cancer prevention, highlighting our commitment to socially responsible choices in health care.” — Dr. Tara Rosewall, clinician investigator, Princess Margaret Cancer Centre

“We are very excited to receive support from OCS for a project that focuses on cannabis harm reduction for young adults. It’s critical that we listen to the voices of young people, and digital stories are the ideal format to empower participants for sharing their experiences and perspectives on reducing cannabis harms.” — Dr. Rebecca Haines-Saah, associate professor, University of Calgary

“The CSSDP Get Sensible team is thrilled to actively collaborate with the young people in Ontario with support from the OCS’s Social Impact Fund. Through our involvement in cannabis education initiatives with young individuals, our goal is to enhance awareness and knowledge about cannabis for all the youth in Ontario.” — Kiah Ellis-Durity and Heath D’Alessio, project co-leads, Get Sensible, Canadian Students for Sensible Drug Policy (CSSDP)

“We are honoured and thrilled that with funding from the OCS, we can continue our work together aimed at providing trauma-informed, non-judgement education and support to pregnant and birthing people who consume cannabis.” — Gabrielle Griffith, full spectrum doula, sex educator and mental health support worker and Dr. Saara Greene, Professor, School of Social Work, McMaster University