Following important cannabis news articles every day can be a real burn-out, we know. That’s why the Emerald rolls up a chronicle of the headiest news hits, and passes them to you at the end of each week. We Bring You: The Dime.
Study Reveals CBD Helps Prevent Early Onset of Alzheimer’s
On Tuesday, March 16th, a study showed that taking high doses of CBD can prevent early onset Alzheimer’s. Specifically, the study found that taking CBD for two weeks replenishes the function of two different proteins. The proteins play an integral role in decreasing the effects of Alzheimer’s disease. Dr. Babak Baban, immunologist, said in a press release, “CBD reduced levels of the protein IL-6, which is associated with the high inflammation levels found in Alzheimer’s.” According to Ganjapreneur, “the next steps include determining optimal doses, giving CBD earlier in the disease process, and moving toward potential clinical trials. [Researchers] are also exploring delivery systems including the use of an inhaler that could help deliver the CBD more directly to the brain.”
Dutchie Acquires Greenbits and Leaflogix
On Wednesday, March 17th, Dutchie, an Oregon-based cannabis technology company, announced it raised $200 million in Series C funding, putting its valuation at $1.7 billion. According to CNBC, Dutchie “works with over 2,000 dispensaries across 36 markets in the U.S and Canada to facilitate online ordering, pickup, and delivery of cannabis.” The grant led by Tiger Global included Casa Verde Capital and former Starbucks CEO Howard Schultz, who also helped the company raise $35 million in August 2020, Marijuana Business Daily reports. The company’s CEO Ross Lipson told CNBC that while flower is most popular among consumers, the company is seeing “vaporizers, topicals, edibles, and tinctures continue to increase in demand as well. I think as technology and education continue, the product offering will expand for sure.”
Wave of New Cannabis Business Expected to Open in Portland, Maine
On Wednesday, March 17th, Jessica Hanscome, Portland, Maine‘s director of inspections and permitting, announced that dozens of cannabis businesses will open. In a statement to the Portland Press Herald, Hanscome said shops will open in the coming weeks, with most open by November. She continued, “We hope to be a city every other city can look to for the best way to do this.” While most are still waiting on licenses for cultivation, manufacturing, and retail sales, Seaweed Co., owned by Scott Howard in South Portland, is the first Maine-based company to obtain all three, News Center Maine reports. Howard looks forward to fulfilling his goal to “create community and support all these Maine caregivers,” he told the publication.