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The Scuttlebutt Featuring Articles About Psilocybin for Depression, Arbitration in Cannabis and More

Posted by Armada Admin | Oct 15, 2022 | 0 Comments

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:

#psilocybin - "According to three controlled studies, psilocybin may reduce symptoms of depression and anxiety in the context of cancer-related psychological discomfort for at least six months after a single acute treatment for mood and anxiety disorders. Three months after two acute doses, individuals in a small, open-label study with treatment-resistant depression reported fewer depressive and anxiety symptoms. Small, open-label pilot studies on addiction have demonstrated encouraging success rates for alcohol and cigarette addiction. The review also briefly discusses the synthesis, mechanism of action, effects, molecular pharmacology, adverse effects, and contraindications of psilocybin." 

#psychedelic - "You could sum it up in 2 ways (that psychedelics may have with eating disorders); the first would be to help kind of alleviate some symptoms, or tone down the intensity– whether it's ketamine and its' glutamate mechanism, or classic psychedelics and their serotonin signaling creating this cognitive flex flexibility. That is one of the main challenges in eating disorder treatment.

And then the second way it helps is creating this brain state that's more desirable and amenable to treatment and can accelerate the therapeutic processes- whether that's the self-awareness that comes along with it, the increased self-compassion. Those things result in some motivation, seeing past the big walls that we may have built up at a time in our lives when we needed to, and we were under a lot of stress or change or going through some trauma or transitions– or perhaps even engaging in athletics, where there's an excessive focus on body image and food and dieting, for example."

#californiacannabis - "A California appeals court won't overturn the confirmation of an arbitration award between two cannabis companies, finding that the contract is enforceable even if it violates provisions of the state's cannabis law.

In an opinion filed Monday, the three-justice panel rejected an appeal by Eel River Organics LLC, which sought to undo a $3 million award to Praetorian Global Inc., saying that the balance of facts in the case weigh strongly in Praetorian's favor.

According to the suit, the companies had entered a contract in 2019 wherein ERO would be allowed to use Praetorian's "Binske" brand and Praetorian would provide other services, in exchange for $1 million the first year and $2 million the second year of the contract.

Praetorian did provide some services, including assistance with product development and marketing, but ERO was not able to launch the Binske brand products for most of 2019 and then failed to pay more than $2 million that it owed.

The contract provided that any dispute over the contract must go to arbitration, and the arbitrator found in Praetorian's favor, awarding $3 million, and a trial court confirmed the award." 

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