{"id":2187,"date":"2023-11-22T18:50:51","date_gmt":"2023-11-22T18:50:51","guid":{"rendered":"https:\/\/economicherald.net\/?p=2187"},"modified":"2023-11-22T18:50:51","modified_gmt":"2023-11-22T18:50:51","slug":"weed-week-massive-study-links-cannabis-to-genetics-and-schizophrenia-and-the-best-asx-weed-stocks-right-now","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2187","title":{"rendered":"Weed Week: Massive study links cannabis to genetics and schizophrenia, and the best ASX weed stocks right now"},"content":{"rendered":"<p>Massive study found that cannabis addiction could be linked to genetics<br \/>\nThe study also found a link between that same gene and schizophrenia<br \/>\nA look at the best performing cannabis stocks on the ASX<\/p>\n<p>\u00a0<\/p>\n<p>After analysing more than one million people\u2019s genomes, researchers have found that people\u2019s genetics could be linked to cannabis addiction.<\/p>\n<p>According to the <strong>Yale University study<\/strong>, this pattern holds across racial groups, and that people with cannabis-use disorder often find it difficult to quit the drug, instead needing higher and higher doses to feel an effect.<\/p>\n<p><strong>Dr Daniel Levey,<\/strong> a neurologist at Yale, told\u00a0<em>Nature<\/em> the findings show that use of cannabis \u201ccould have substantial public health risks if the usage increases.\u201d<\/p>\n<p>\u201cDrug taking and addiction can be influenced both by people\u2019s genes and by their environment, which makes them extremely difficult to study,\u201d says Levey.<\/p>\n<p>The same study also found that the stretches of DNA that cause cannabis addiction are the same ones associated with <strong>schizophrenia<\/strong>.<\/p>\n<p>According to Marta Di Forti, a psychiatrist-scientist at <em>King\u2019s College London<\/em>, cannabis use \u201cis the most preventable risk factor\u201d for schizophrenia.<\/p>\n<p>King also added that the type of genetic data examined in the study could be used in future studies to identify people with the risk of developing psychiatric disorders.<\/p>\n<p>\u00a0<\/p>\n<h2>AMA opposes recreational cannabis<\/h2>\n<p>Meanwhile back home, the <strong>Australian Medical Association (AMA)<\/strong> has provided a submission to the Senate opposing any moves to legalise recreational cannabis, saying it could normalise the use of marijuana and have risky health effects.<\/p>\n<p>\u201cLegalising cannabis for recreational purposes sends the wrong signal to the public, and especially to young Australians, that cannabis use is not harmful,\u201d said AMA President, Professor Steve Robson.<\/p>\n<p>Robson pointed out that there has been an increase in acute cannabis poisoning post-legalisation in the US, Canada, and Thailand.<\/p>\n<p>\u201cWe also know there are already many Australians suffering detrimental health outcomes caused by recreational cannabis use.<\/p>\n<p>\u201cWe see poor mental health outcomes from cannabis use including anxiety, panic attacks, paranoia, memory loss and an increased incidence of schizophrenia.<\/p>\n<p>\u201cCannabis use can lead to physical ill-health conditions such as bronchitis or cancer, cardiovascular system damage, and impaired reaction time and brain function,\u201d Robson said.<\/p>\n<p>\u00a0<\/p>\n<h2>To ASX Weed Stocks \u2026<\/h2>\n<p>Here\u2019s how the ASX weed stocks have performed, sorted by winners over the past few weeks.<\/p>\n<div class=\"supsystic-table-loader spinner\"><\/div>\n<div class=\"supsystic-tables-wrap \">Code Company Price 1-week return 1-mth return 6-mth return 1-year return Market cap BP8 Bph Global 0.0020 100.00 100.00 -50.00 -84.81 $2,423,345 EXL Elixinol Wellness 0.0140 16.67 86.67 -17.65 -58.82 $8,838,814 IDT IDT Australia 0.0850 3.66 46.55 6.25 -9.57 $29,875,755 BOT Botanix Pharma 0.1600 6.67 33.33 90.48 153.97 $229,967,758 WOA Wide Open Agricultur 0.1625 -7.14 25.00 -50.00 -45.83 $29,692,262 EMD Emyria 0.0740 2.78 19.35 -37.87 -59.70 $27,130,575 ZLD Zelira Therapeutics 1.0700 11.46 17.58 17.58 8.08 $11,914,513 ROO Roots Sustainable 0.0070 55.56 16.67 0.00 -70.83 $1,124,217 ALA Arovella Therapeutic 0.0860 -18.10 13.16 43.33 258.33 $78,976,331 NTI Neurotech Intl 0.0560 1.82 1.82 12.00 -39.78 $49,409,331 ECS ECS Botanics Holding 0.0230 4.55 0.00 21.05 21.05 $25,454,805 RGI Roto-Gro Intl 0.2200 0.00 0.00 0.00 0.00 $4,333,920 AGH Althea 0.0400 -9.09 0.00 -16.67 -40.30 $15,841,758 AC8 Auscann 0.0400 0.00 0.00 0.00 0.00 $17,621,884 EVE EVE Health 0.0010 0.00 0.00 0.00 0.00 $5,274,483 CGB Cann Global 0.0210 0.00 0.00 0.00 0.00 $5,614,845 WNX Wellnex Life 0.0400 0.00 0.00 0.00 -28.38 $19,513,181 LV1 Live Verdure 0.3650 -3.95 -1.35 151.72 114.71 $42,634,691 HGV Hygrovest 0.0530 1.92 -3.64 -8.62 -24.29 $11,146,462 CAN Cann 0.1125 2.27 -4.26 -37.00 -51.74 $46,860,449 RNO Rhinomed 0.0300 0.00 -6.25 -62.50 -75.00 $8,571,591 AVE Avecho Biotech 0.0035 -30.00 -12.50 -30.00 -56.25 $10,793,168 DTZ Dotz Nano 0.1400 -6.67 -15.15 -40.43 -46.15 $71,477,217 EPN Medlab Clinical 0.0220 -21.43 -18.52 4.76 -18.52 $6,007,080 EOF Ecofibre 0.1300 -7.14 -18.75 -33.33 -69.77 $49,166,940 LGP Little Green Pharma 0.1250 0.00 -19.35 -30.56 -26.47 $37,511,655 VIT Vitura Health 0.3050 -1.61 -19.74 -10.29 -52.34 $178,520,874 WFL Wellfully 0.0030 -25.00 -25.00 -62.50 -85.00 $1,478,832 IHL Incannex Healthcare 0.0410 -24.07 -31.67 -70.71 -83.92 $65,067,485 IRX Inhalerx 0.0260 -36.59 -38.10 -42.22 -58.73 $5,693,009 BOD BOD Science 0.0250 -10.71 -50.00 -52.83 -76.19 $4,256,124 ME1 Melodiol Glb Health 0.0025 0.00 -58.33 -82.14 -87.50 $12,575,830 MXC MGC Pharma 0.6650 -24.43 -66.75 -90.50 -95.25 $25,509,954 <!-- \/#supsystic-table-13462.supsystic-table --><\/div>\n<p><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.30 --><!-- http:\/\/supsystic.com\/ --><a title=\"WordPress Tables Plugin\" href=\"https:\/\/supsystic.com\/plugins\/wordpress-data-table-plugin\/?utm_medium=love_link\" target=\"_blank\" rel=\"noopener\">WordPress Tables Plugin<\/a><\/p>\n<p>\u00a0<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/emyria-emd\/\">Emyria (ASX:EMD)<\/a><\/strong><\/p>\n<p>MDMA\u00a0specialist\u00a0Emyria has been rising since securing an ethics endorsement for MDMA from its\u00a0<strong>Authorised Prescriber (AP)<\/strong> application.<\/p>\n<p>The\u00a0<em>National Health and Medical Research Council (NHMRC)\u00a0<\/em>ethics committee\u00a0has endorsed Emyria in support of its AP applications for the lead psychiatrists of its future\u00a0MDMA-assisted therapy program.<\/p>\n<p>The approval is the first stage of a two-step evaluation, where final approval is still required from\u00a0<em>Australia\u2019s Therapeutic Goods Administration (TGA), <\/em>which is still in progress.<\/p>\n<p>If secured, the approval may allow Emyria to become one of the first Australian companies to offer broader options for PTSD patients who have exhausted standard care options.<\/p>\n<p>Additionally, Emyria announced that <strong>Dr Alistair Vickery<\/strong> has retired from the board, and will shift his expertise to concentrate on clinical service expansion, particularly as Emyria advances its MDMA-assisted therapy programs.<\/p>\n<p>Dr Stewart Washer will move to non-executive chairman from executive chairman, and Dr Karen Smith will move to non-executive director.<\/p>\n<p>\u00a0<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/zelda-therapeutics-zld\/\">Zelira (ASX:ZLD)<\/a><\/strong><\/p>\n<p>During the quarter, Zelira received the first close of the US$3.25 million investment made by the <em>Forman Family Foundation<\/em> and <em>Malik Majeed<\/em> as co-partners into the <strong>HOPE SPV<\/strong>.<\/p>\n<p>The receipt of these funds will enable the company to commence the FDA trial process with its CRO iNGENU for the HOPE Autism Spectrum Disorder program.<\/p>\n<p>\u201cWe are currently focused on the completion of the Target Product Profile (TPP) which is a key initial step in the FDA clinical trial process,\u201d said Zelira\u2019s CEO, Dr Oludare Odumosu.<\/p>\n<p>\u00a0<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/arovella-therapeutics-ala\/\">Arovella Therapeutics (ASX:ALA)<\/a><\/strong><\/p>\n<p>Arovella\u2019s CEO and MD,<em> Dr Michael Baker<\/em>, presented at the <strong>Monsoon Twilight Investor Briefing<\/strong> in Melbourne on November 21.<\/p>\n<p>Baker presented key pre-clinical data for Arovella\u2019s <strong>iNKT cell therapy platform<\/strong>, and described how Arovella\u2019s technology provides important advantages over existing T-cell therapies.<\/p>\n<p>Dr Baker also said the company\u2019s platform has the potential to be applied to both blood cancers and solid tumours.<\/p>\n<p>\u00a0<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/neurotech-nti\/\">Neurotech (ASX:NTI)<\/a><\/strong><\/p>\n<p>Apart from receiving $3.17m in tax rebate for its R&amp;D activities, Neurotech also held a Q&amp;A session on its <strong>Phase I\/II PANDAS\/PANS Clinical Trial<\/strong> results.<\/p>\n<p>Earlier, Neurotech announced that the results showed \u201cclinically significant and meaningful improvements in clinical function, with excellent safety and tolerability over 12 weeks of daily oral treatment \u201d.<\/p>\n<p>The trial studied 64 children diagnosed with <em>Paediatric Autoimmune Neuropsychiatric Disorders Associated with Streptococcal Infections (PANDAS)<\/em>, and <em>Paediatric Acute-Onset Neuropsychiatric Syndrome (PANS).<\/em><\/p>\n<p>The study has essentially re-validated the effectiveness of the company\u2019s biopharmaceutical therapy, <strong>NTI164,<\/strong> in treating complex neuro-inflammatory disorders.<\/p>\n<p>NTI164 is a a biopharmaceutical drug that is derived from low THC medicinal cannabis.<\/p>\n<p>\u00a0<\/p>\n<p><strong><a href=\"https:\/\/stockhead.com.au\/company\/bph-global-bp8\/\">BPH Global (ASX:BP8)<\/a><\/strong><\/p>\n<p>The stem cell focused company rose after making changes to its board.<\/p>\n<p>At the company\u2019s AGM held on November 21, Huang Qing was not reelected as a director of the company.<\/p>\n<p>In addition, Mathew Leonard has been appointed as managing director.<\/p>\n<p>\u00a0<\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/health\/weed-week-massive-study-links-cannabis-to-genetics-and-schizophrenia-and-the-best-asx-weed-stocks-right-now\/\">Weed Week: Massive study links cannabis to genetics and schizophrenia, and the best ASX weed stocks right now<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Massive study found that cannabis addiction could be linked to genetics The study also found a link between that same gene and schizophrenia A look <a href=\"https:\/\/economicherald.net\/?p=2187\" 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