Connect with us

Business

Diluted Cannabis Oils Demonstrate Problems Facing the CBD Sector

Published

on

Diluted Cannabis oils in Argentina demonstrate the risks of buying CBD online, the solution could lie with companies like West Coast Ventures Corp. (WCVC) and their Illegal Brands CBD offering at physical restaurant locations.

There is a problem in the state of Argentina. Seven out of ten samples of cannabis oil that arrives at the laboratory of the Faculty of Biochemical Sciences of the National University of Rosario has a low cannabinoid content. This compound is what generates the therapeutic effects of CBD oils low content makes them ineffective.

This problem is prevalent globally and the study in Argentina highlights the risks of purchasing CBD online, or from unknown retailers. This is where companies like West Coast Ventures Corp. (WCVC) step in. The company is America’s first CBD restaurant stock and is dedicated to normalizing the use of CBD through education and high quality products.

All of the company’s Illegal Burger and Illegal Pizza restaurant locations stock Illegal Brands CBD sachets & water. The company takes the same approach to its CBD as it does to its food. Only high quality, sustainable products are utilized. This educational brick and mortar approach could help mitigate the threat posed by low quality, heavily diluted, CBD products sold online.

A serious problem for patients & health conscious users

The GC/MS (Gas Chromatography with Mass Spectrometry) laboratory of the Faculty of Biochemical and Pharmaceutical Sciences of the National University of Rosario (UNR) began to receive preparations from patients with low cannabinoid content. Seven out of ten samples of cannabis oil that arrive at this laboratory have a low content of cannabinoids, the compounds that generate therapeutic effects.

The presence of extremely diluted oils had already been detected by biochemists at the GC/MS (Gas Chromatography with Mass Spectrometry) laboratory of the Faculty of Biochemical and Pharmaceutical Sciences of the National University of Rosario (UNR). However the problem become worse over the course of 2019 as more patients sent in samples of the products that they consume to treat illnesses like rheumatism, arthritis and other types of pain; generally without any other medical accompaniment.

Last February, the Faculty of Biochemistry begin to offer to analyze cannabis oil for medicinal use with the aim of bringing key information to the community guaranteeing the right to know what is consumed. The information provided by this analysis is unique in Argentina.

The faculty was already experienced in conducting these tests. Two years ago, through a UNR linkage project, trials were started with the purpose of understanding what type of oils the population consumed and to make a pharmacotherapeutic follow-up of the patients. The samples arrived only through the Pharmacotherapy Optimization Unit (UOF) and cannabis organizations.

The analyses offered are confidential, only identified with a code, and the results are received by mail. Users of the service can voluntarily complete an anonymous questionnaire that asks if the oil was acquired in the formal or informal market, if it is of national, international or home-produced origin; if the plant used or the way of extraction is known and, finally, the ailment for which it is consumed, if it is part of a medical treatment regime and how many drops they take per day.

The service processes an average of 40 samples per month, mostly from the illicit market. The test determines the concentration of two important cannabinoids: CDB (with a significant medicinal benefit) and THC (more psychoactive). The level of CBD or THC in a product determines whether the oil is therapeutic, or merely a placebo.

“A plant has a variation in its content and concentration depending on its genetics, according to where it is cultivated and in what way, the climate -whether there was sun or rain-; then the procedure of extraction, harvesting, manipulation and elaboration of the oil (the preparation and if it was diluted)” explained the biochemist Mónica Hourcade, chief and responsible for the service. “They are all determining conditions, so the same grower can have different results over and over again. And when he prepares the sample to be sent to this laboratory, that protocol also has an impact on the result of the analysis.”

The Results

“The experience of these months allows us to draw two conclusions: we see many samples with very low concentrations, much more than those we saw in the oils brought to us by the growers’ organisations. The samples that circulate commercially on the black market, in general, are quite diluted. And we also see that there are many people who consume the oils and do not have any advice or supervision from the doctor” explained the Dean of the Faculty of Biochemistry, Esteban Serra.

Of the samples received at the faculty since the service opened, 70 percent showed they had less than one milligram of either of the two cannabinoids per milliliter of oil. Two years ago the percentage of oils with low cannabinoid content was 40 percent. One milligram per milliliter is a low percentage. In general, oils are more concentrated. Those produced in Chile, for example, have four milligrams (3 of CBD and 1 of THC), and Charlotte’s Web oil has 50 milligrams of CBD.

If the studies in Argentina demonstrate anything it is that the regulations surrounding CBD oils are still severely lacking. Users shouldn’t purchase oil from unknown brands, no matter how good the deal seems. Instead they should look to companies like Charlotte’s Web and West Coast Ventures Corp. for a legitimate product.

Hannah Barwell is the most renowned for his short stories. She writes stories as well as news related to the technology. She wrote number of books in her five years career. And out of those books she sold around 25 books. She has more experience in online marketing and news writing. Recently she is onboard with Apsters Media as a freelance writer.

Continue Reading
Advertisement

Business

Wiz will pay $450 million to acquire Cloud Remediation Startup Dazz

Published

on

Wiz revealed on Thursday that it will buy channel-focused company Dazz in an agreement to add cloud remediation capabilities to the vendor’s cloud and AI security platform.

With features like application security posture management and continuous threat and exposure management, Dazz provides a remediation-focused cloud security platform.

Jared Phipps, a seasoned cybersecurity industry executive who most recently worked for SentinelOne, was hired by Dazz in February as its CRO as the business sought to expand its collaboration with channel partners. Presidio, situated in New York, has been one of the key partners.

Dazz said in July that it has raised a $50 million round of funding, increasing its total funding since its 2021 launch to $110 million.

Dazz provides a “industry-leading remediation engine,” according to a post published on Thursday by Wiz Co-Founder and CEO Assaf Rappaport, which will allow Wiz to “empower security teams to correlate data from multiple sources and manage application risks in one unified platform.”

This is Wiz’s third purchase overall and its second acquisition of 2024 after the company’s April acquisition of cloud detection and response provider Gem Security.

Wiz, a four-year-old startup, reported in May that it had raised $1 billion in new capital at a $12 billion valuation, citing its continued strong development in the cloud and AI security areas. Annual recurring revenue (ARR) for the business reportedly increased from $350 million earlier this year to above $500 million.

After making a number of management additions aimed at facilitating quicker partner-driven growth, Rappaport stated in February that Wiz would prioritize its channel operations moving ahead.

I“In cybersecurity partners are super, super important in the success of a company. So we’ve always [seen that] this has huge potential for us to tap into. I think there is so much more we can do,” he stated at the time.

Continue Reading

Business

ProRata, an AI startup, Teams up with UK Publishers after reportedly Hitting $130 Million in Valuation

Published

on

A number of well-known British media outlets have joined ProRata, an AI firm that claims to compensate publishers for the usage of their work, in its expanding network of partnerships.

The Los Angeles-based firm announced on Wednesday that it has signed licensing deals with publishers such as Sky News, the Guardian, and the Daily Mail’s publisher, DMG Media.

In a recent Series A funding round, ProRata raised $25 million from investors such as the Mayfield Fund, Prime Movers Lab, and Revolution Ventures.

“ProRata’s founder and CEO Bill Gross said his firm’s AI technology is the only one that pledges to credit and compensate creators, while providing users with accurate search results.

“We have had hundreds of content owners and media companies reach out to us from around the world who are interested in piloting our technology. Stealing and scraping content is not a sustainable path forward,” he continued.

Similar alliances have previously been formed by ProRata with the German publisher Axel Springer, the Atlantic, Fortune, Time, and Universal Music Group (UMG).

Media firms are offered reasonable compensation by ProRata for the use of their content. The startup’s in-house technology may determine the proper amount of pay by evaluating the worth of the information used to create responses from an AI platform. This would make it possible to pay copyright holders for their work on a per-use basis.

Gross had previously said that AI platforms have been using “shoplifted, plagiarized content,” which fosters an atmosphere in which “disinformation thrives and creators get nothing.”

Gross is recognized for having created the pay-per-click model of internet search monetization with his business, GoTo.com, which was eventually acquired by Yahoo! in 2003.

In a recent blog post, Tige Savage, a cofounder of Revolution, stated that Bill Gross is a serial entrepreneur with extensive experience in monetization techniques.

“He’s attracted a world-class tech team led by AI luminary Tarek Najm to implement the vision and an accomplished business team, including Annelies Jansen and Jonas Lee to drive content and AI partnerships,” Savage continued.

The unpaid use of copyrighted materials by OpenAI and other tech companies to train their AI systems has led to litigation from media companies and other content creators.

Continue Reading

Business

Film Bazaar Unveils an Interactive Cinema App from an Indian Tech Startup

Published

on

Arjun Nittoor, the founder of the Indian technology firm Vireza, disclosed at Film Bazaar that the company is creating a new mobile application that would transform the experience of watching movies in theaters by enabling viewers to engage with the films in real time.

The technology, which was created wholly in-house at the company’s research and development department in Bengaluru, allows viewers to use their smartphones to vote on important plot points during the movie. To keep up with the current screening, patrons download an app before entering the theater and scan a QR code at their seat.

“The film industry is one of the few sectors where the audience experience has seen minimal technological disruption in theatres,” Nittoor stated. “While screen and sound quality have advanced and 3D has been partially adopted, the viewing experience has largely remained the same for decades.”

The screen automatically brightens to show voting options and dims again when choices are made. The system uses discreet phone notifications to encourage audience participation around every ten minutes.

In 2026, Vireza intends to introduce the technology with a full-length interactive movie that will be produced in both English and South Indian for international distribution. The business is presently in the development stage and will shortly start doing multiplex chain trial screenings.

CtrlMovie’s prior success in the interactive film industry was mentioned by Nittoor. CtrlMovie is well-known for “Traces of Responsibility” and “Late Shift.”

In order to overcome the difficulties in cinematography, editing, shot composition, and writing that plagued previous attempts at the format, the firm has spent five years creating what Nittoor refers to as “a new science of filmmaking” that is especially tailored for interactive cinema.

“Despite the proliferation of viewing devices, big-ticket films continue to draw massive crowds to theatres, with box office numbers higher than ever,”  Nittoor stated. “This demand underscores the potential for a meaningful technology shift that could draw audiences out of their homes and into cinemas.”

Other Asian businesses are likewise investigating audience-driven narrative in motion pictures. In February of the following year, Japan’s King Records intends to release “Hypnosis Mic – Division Rap Battle,” an animated interactive film.

Continue Reading

Trending

error: Content is protected !!