Israeli Doctors Test Cannabis on Coronavirus
Tel Aviv Hospital is conducting a study using cannabis extracts containing THC and CBD to help Covid-19 patients suffering from inflammatory processes that complicate the patient’s respiratory system. The study is testing dozens of patients in several wards that are moderately ill. Dr. Barak Cohen is an anesthesiologist at Ichilov Hospital and is heading up the Corona management. He initiated the research utilizing cannabis medicines developed in Israel. He explains, “This is a novel approach to treating some of the symptoms, using a component of the cannabis plant that is considered safe and non-addictive.”
The study currently has no cooperate affiliations. The compound THC was first discovered in Israel, which has led the world in integrating marijuana into modern medicine.
Pot Stocks Struggle
In a currant attempt to save their listing on the New York Stock Exchange, Canada’s Aurora Cannabis company plans to reverse share splitting by merging its common shares (12-to-one). This comes as trading officials warned that the stock is falling below the threshold of viability as the price of shares drop below a dollar.Big players like Canopy, Cronos, Tillray and Aurora are publicly traded companies that have watched their stocks fall due largely to a lack of vertical integration in the supply line and depleting cash reserves. In the absence of reforms to federal cannabis laws, these companies fail to be able to scale out and maintain profitability.
Some investors see these low stock prices as an opportunity to buy low with a long-term strategy. Strategic capital investors are seeing more promise in investing in localized markets that complete the circle of cultivation and retail sales all in the same state, district or country. Europe similarly finds EU regulations have closed the loop.
