In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.

In today’s news:

#cannabisresearch – “Led by researchers at NYU Grossman School of Medicine, the study found that CBD blocked signals carried by a molecule called lysophosphatidylinositol (LPI). Found in brain cells called neurons, LPI is thought to amplify nerve signals as part of normal function, but can be hijacked by disease to promote seizures….

“The study also clarified, not just how CBD counters seizures, but more broadly how circuits are balanced in the brain,” added Tsien. “Related imbalances are present in autism and schizophrenia, so the paper may have a broader impact.””

#cannabispolitics – California – “There is still a lot of work to do to fix California’s cannabis industry as many hold on by a thread. That work is reflected in the annual wave of cannabis bills we see this time of year. 2023 will be no exception, as lawmakers look to cover everything from the expansion of the regulatory task force to where to put the tags on your plants.”

#psychedelicresearch – “One of the main reasons that psychedelics are believed to have therapeutic effects, is that they are known to promote plasticity in cortical neurons. This means that the drugs encourage neurons to grow new branches and make more synaptic connections – a key feature of a healthy brain.

Now, researchers in the US have shown that psychedelic drugs promote this neuronal growth by activating intracellular serotonin receptors that are actually inaccessible to serotonin itself.”

#californiacannabis – “After six years of pot legalization, only 12 of the county’s 832 active cannabis farms have received annual licenses, according to an SFGATE analysis of county and Department of Cannabis Control (DCC) records. That means only 1% of the county’s cultivators are fully licensed — one of the worst rates in the state. Overall, 49% of California’s cultivation licenses have annual status and over 63% of farms in Humboldt County, a neighboring county also known for cannabis cultivation, have received annual licenses.

The remaining businesses are at risk of losing their temporary licenses, and the cannabis farmers are blaming dysfunction at the county government.”

#psilocybin – “A legislative panel in Arizona last week voted to advance a bipartisan bill that would support research into the potential medical benefits of psilocybin, the primary psychoactive compound in “magic mushrooms.” The measure, House Bill 2486, was approved by the House Military Affairs and Public Safety Committee with a unanimous vote on February 14. The bill was introduced last month by state Rep. Kevin Payne with the support of fellow Republican Sen. T.J. Shope in the state Senate and co-sponsorship in the Arizona House of Representatives by Democratic Reps. Jennifer Longdon and Stacey Travers.

If passed by the full legislature and signed by Democratic Gov. Katie Hobbs, the bill would provide $30 million in grants to study psilocybin’s effects on more than a dozen medical conditions including depression, substance misuse disorders, anxiety, post-traumatic stress disorder and symptoms of long Covid-19. The research, including phase I, II and III clinical trials of whole mushroom psilocybin, would focus on “using veterans, first responders, frontline health care workers and persons from underserved communities as the research subjects,” according to the text of the measure.”

#californiacannabis – “Staffers are still figuring out the permit application process for the two dispensaries that will be able to open in Redondo Beach, City Attorney Mike Webb has said, and the council could consider approving that process in the spring.

If voters OK Measure CT, the city would be able to collect annual taxes from cannabis and hemp business operators. The rates would range from 3% to 9% on gross retail sales, and from 1% to 3% of gross sales on cultivation, distribution, manufacturing and testing. The council would get to set the exact rate within those ranges, according to the city attorney’s impartial analysis of the measure.

The measure needs a majority of support to pass and would go into effect 10 days after being approved.”


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