![](https://investorshub.advfn.com/uicon/27005.png?cb=1475899188)
Saturday, March 21, 2020 7:02:30 AM
by John Lucas on March 20th, 2020 at 1:01 PM A few proponents of CBD have claimed that the non-psychoactive compound found in cannabis can help prevent or fight coronavirus infection. Mona Lisa Healing, a Vancouver-based CBD-oil brand headed by rocker Bif Naked, has sent out promotional emails promising that its products can "help your body defend against COVID-19 coronavirus".
Asked to interpret the coronavirus-era cannabis-buying spikes, Connors first used the term “panic buying,” then back-tracked. “I think there is probably a fair amount [of buying] due to recreation; this isn’t all due to anxiety,” she said.
Interestingly, much of the spike is CBD-based, indicating that people may be trying to treat their anxiety rather than get high. “We are seeing [non-THC] CBD rolls grow fast,” Connor said, “as opposed to sativa [products], which were only up 25 percent.” https://www.forbes.com/sites/joanoleck/2020/03/19/its-not-just-toilet-paper-and-sanitizer-consumers-are-also-stocking-up-on-cannabis/#460558e45978
Stressed Austin shoppers turn to CBD to treat coronavirus jitters When Alamo Drafthouse announced Monday that it had shut down theaters in Austin to slow the coronavirus pandemic, employees at the South Lamar Boulevard location went to a CBD shop next door to clear their heads.
“They said they were looking for some relief,” said Hannah Wanegar, who was working that night at Greenbelt Botanicals.
The state ban on gatherings of more than 10 people has forced closures of gyms and bars, leaving some in Austin to turn to CBD, or cannabidiol, to manage heightened levels of stress. The number of shops that sell CBD has dramatically increased in Austin since last summer when Gov. Greg Abbott signed a bill legalizing hemp and derivatives such as CBD with less than 0.3% of THC, or tetrahydrocannabinol.
Although the federal government says it’s illegal to market CBD as a dietary supplement, store owners and some doctors swear by its benefits. They say it calms the central nervous system without the intoxicating effects of THC, the component that produces the high in marijuana — which remains illegal in Texas for recreational use.
Danielle Cearbaugh, owner of Joy Organics on the west end of downtown, said she sold CBD products this week to a man whose stocks took a nosedive and to a woman whose young children were home from school and getting under her skin.
https://www.statesman.com/news/20200320/stressed-austin-shoppers-turn-to-cbd-to-treat-coronavirus-jitters
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM