Archives: CannabisNewsWire

March 11, 2020 16:20:14

On Friday, banking associations from 49 states, including Puerto Rico, sent a letter to the chairman and the highest ranking member of the Senate Banking Committee requesting them to approve the legislation seeking to protect credit unions and banks providing services to state-legal marijuana businesses.

The letter, which was addressed to Senators Mike Crapo (R-ID) and Sherrod Brown (D-OH), stressed that they are not supporting marijuana legalization, but that they are in support of legislation passed by the House. The bill would prevent federal regulators from…

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O’Cannabiz Conference & Expo to Feature Over 100,000 Square Feet of Exhibit Space

March 11, 2020 13:25:18

With more than 100,000 square feet devoted to displays, demos and exhibits, it’s no surprise that O’Cannabiz Conference & Expo is being regarded as Canada’s premier cannabis event. The popular trade show will feature hundreds of exhibitor booths showcasing the diverse range of products and services offered by the cannabis community. The extensive display will encompass the O’Cannabiz Retail Zone, which will offer a plethora of products for purchase. O’Cannabiz Conference & Expo is slated for April 23-25, 2020, at the International Centre in Mississauga, Ontario. In addition to the extensive product displays, O’Cannabiz 2020 will feature a business conference and an array of social events that includes an awards gala and a VIP networking after-party.

The O’Cannabiz VIP Business Conference kicks off three days of events with a networking breakfast at 8:00 a.m. on Thursday, April 23. O’Cannabiz President Neill Dixon and motivational speaker Tony Chapman will welcome attendees. A jam-packed timetable follows, with a panel discussion, a Q&A and…

For more information, visit the event’s website at www.OCannabiz.com

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NECANN Boston 2020 to Feature Workshop on Host Community Agreements

March 11, 2020 13:14:53

For those contemplating entry into the commercial cannabis space in Massachusetts, a visit to NECANN Boston 2020 seems imperative. Slated for March 20-22, 2020, at the Hynes Convention Center, NECANN Boston 2020 will feature a workshop devoted to ‘Successfully Navigating the Mass Local Host Community Approval Process’.

Massachusetts state law requires cannabis enterprises to execute a host community agreement (HCA) with the municipality in which they will be located. The focused workshop will provide valuable insight for those looking into the venture, and that’s only the beginning of what NECANN Boston 2020 has to offer. Additional conference workshops will focus on…

For more information, visit the event’s website at https://NECANN.com/2020-Boston-2

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Cannabis Culture Legend Tommy Chong to Speak at O’Cannabiz; Receive Lifetime Achievement Award at Industry Gala

March 11, 2020 11:55:29

Canada’s premiere cannabis business event, the presented by ND Supplies Packaging Solutions, is pleased to announce another addition to an already star-studded lineup of speakers and experts. Cannabis culture legend Tommy Chong will be attending as a speaker.

Mr. Chong, the Canadian-born actor and cannabis activist, will also be receiving a Lifetime Achievement Award at the O’Cannabiz Industry Awards Gala, which will also return this year following a successful inaugural debut in 2019. The Awards Gala honours cannabis professionals and companies and recognizes excellence and innovation in the industry. Host of Family Feud Canada, and star of the award-winning sitcom, Mr. D, Gerry Dee will host the awards on April 23^rd, where more than 50 awards will be distributed.

Taking place from April 23 – 25, 2020 at The International Centre in Toronto, this year’s event will explore cannabis 2.0 and the rollout of retail; the emerging consumer market of edibles, topicals and concentrates, the data-driven plan for industry growth, the international reach of Canada’s cannabis innovation and more.

The three-day event will feature keynote and informational sessions and exclusive conversations with industry stars and experts in the field, including Grammy award-winning musician and actress Olivia Newton-John and her husband “Amazon John” Easterling, discussing the healing benefits of cannabis.

“There are few celebrities in the cannabis world that would be more deserving of recognition than Tommy Chong”, said Neill Dixon, president of O’Cannabiz. “Through his body of work and through his activism, he has done so much to bring awareness and mainstream acceptability of cannabis. As fellow Canadians, we have much to be thankful for.”

Canada’s lack of retail distribution of legal cannabis on a national basis has done much to hurt the industry domestically, but a resurgence is underway with new store applications. O’Cannabiz wants to encourage the growth of retail cannabis distribution, so retailers can register for free to this year’s event.

To learn more about the complete O’Cannabiz program, to purchase tickets or to exhibit at this year’s expo, visit https://ocannabiz.com.

About O’Cannabiz Conference & Expo

The O’Cannabiz Conference and Expo, voted the No. 1 cannabis event in Canada by High Canada magazine, is the premiere cannabis industry event on the calendar in Canada. Combining business, investors, healthcare, and consumer features, the 4th annual show is a must-attend event for the entire cannabis market. Cannabis in any form is not available at this show. You must be 19+ to attend.

The producers of O’Cannabiz have decades of experience producing national profile events and creating global connections between business communities in the arts, broadcasting, media and technology. They have organized trade summit initiatives with governments around the world and have worked closely with sponsors in all levels of Canadian government.

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Tech-, Science-, Finance-Savvy Team Focused on Building World-Class Cannabis Brand

March 11, 2020 11:54:02

Leadership team brings collaborative experience from technology, finance and social-media giants
After products achieve top-selling status, PLUS moves forward into new nationwide markets
PLUS products available in more than 360 licensed retailers across California; set to launch new wellness/relief and recreational categories for 2020

Offering some of the best-selling cannabis products found in California, Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) continues to make gains in achieving its goal of becoming the top brand in cannabis-infused products. With a world-class management team drawing on valuable experience working with top firms like Facebook, UBS, Uber, the Wonderful Company & Popchips, the company continues to balance rapid expansion and risk management – all while maintaining focus on building a brand, developing customer loyalty and securing a top position in the hyper growth cannabis industry.

The PLUS leadership team spans a wide range of expertise, work experience and industry exposure. After working at Facebook, CEO Jake Heimark co-founded PLUS. Chief strategy officer Craig Heimark lends high-powered finance expertise to the company gained from his experience at UBS and…

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CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Begins Organization of Animal Study Focused on THC-V and Appetite Suppression, Weight Loss

March 11, 2020 10:14:30

MCTC Holdings (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, seeks to answer a pressing question within the cannabinoid industry arena: Does tetrahydrocannabivarin (“THC-V”) promote weight loss? According to the update, MCTC has completed Phase One of its Project Varin, a program designed to develop delivery systems and uses for THC-V, and is moving into its second phase of research. Company researchers are now organizing what is believed to be the industry’s first animal study specifically focused on determining if the administration of THC-V leads to appetite suppression and/or weight loss. “While many in the hemp extract and cannabinoid industry openly discuss the potential for THC-V as an aid to appetite suppression and weight loss, there has yet to be any studies specifically designed to validate such statements,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “We plan to use several internally developed delivery systems in a diet-induced obesity model (‘DIO’) utilizing C57 Black 6 male mice. These delivery systems will include our internally developed patent pending nanoparticle and fiber technologies, and our patent pending 100% natural infusion technologies originally developed for cannabidiol (‘CBD’), which will now be applied to THC-V.”

To view the full press release, visit http://cnw.fm/W2Agb

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalinc.com.

NOTE TO INVESTORS: The latest news and updates relating to MCTC are available in the company’s newsroom at http://cnw.fm/MCTC

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420 with CNW – How Parents Can Talk to Teens about Marijuana

March 11, 2020 04:20:27

Children look up to their parents to model their behavior, and parents’ influence on their teenage children is more than that of social media, friends, and teachers. Although topics, such as drugs, sex, and alcohol abuse, are sensitive, parents should always hold such discussions with their children, especially in their teen years.

Adult-use and medical marijuana legalization across the world has sparked a topic of discussion that is difficult to handle for parents. It is challenging for a parent to tell their kids not to use weed when it is accepted…

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420 with CNW – Study Shows Smoking is the Most Preferred Marijuana Consumption Method

March 10, 2020

March 10, 2020 16:20:26

A new study conducted by the United States Centers for Disease Control and Prevention (CDC) found that smoking weed is the most preferred mode of consumption among those who use cannabis regularly. The National Institutes of Health also published the research findings.

The study researchers used data of more than 6,100 adults from twelve states in the U.S. who consume marijuana. Ninety-one percent of the participants said that they smoke marijuana on a regular basis, while 59% said that smoking was their only mode of…

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O’Cannabiz Conference & Expo to Feature Industry Awards Gala

March 10, 2020

March 10, 2020 13:43:12

On its return to Toronto, Canada’s premier cannabis event will be paying tribute to the cannabis community’s crème de la crème at its annual awards gala. This extravagant affair will honor the top cannabis professionals and companies for excellence and innovation and will serve as a fitting conclusion to O’Cannabiz Conference & Expo, set for April 23-25, 2020, at the International Centre in Mississauga, Ontario, just outside of Toronto.

The three-day conference and expo will include a business conference with hundreds of industry exhibits, and it will also incorporate a retail zone with dozens of products available for sample and sale. With more than 7,500 members of the growing cannabis community expected to attend, conference goers can look forward to an abundance of networking opportunities as…

For more information, visit the event’s website at www.OCannabiz.com

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420 with CNW – DEA Admits State-Level Cannabis Legalization Puts a Squeeze on Illicit Sellers

March 10, 2020

March 10, 2020 04:20:12

In a report, the Drug Enforcement Administration acknowledged that state-level marijuana legalization minimizes illicit interstate trafficking. The DEA was giving an overview of its enforcement efforts in its performance budget submission to Congress for the 2021 fiscal year. The DEA also predicted the upcoming future trends. In the report, the DEA admitted that allowing consumers to access marijuana legally means that the demand for cannabis products sourced from the black market would decrease.

The DEA further said that after the legalization of medical marijuana in Florida in 2017 resulted in retail distribution centers throughout the allowed location, it is expected that the legalization of less than 10% HTC smokable medical marijuana bud in March of 2019 would lead to a growing market for…

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420 with CNW – Mexican Senate Committees Sign Off on Marijuana Legalization Bill

March 9, 2020 16:20:12

On Tuesday, Mexican Senate committees approved legislation seeking to legalize marijuana across the country.

The revised reform legislation that was circulated during the weekend was approved during a joint meeting held on Tuesday by the…

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The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Outlines Accelerated Revenue Generation Plan

March 9, 2020 13:42:38

SPRWF to focus on accelerated near-term revenue moving forward
Announces the launch of new brands in the Canadian market
SPRWF well-positioned to accelerate CPG-focused transition

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best cannabis and becoming a leader in the global cannabis industry, released its financial and operating results for 2019, noting a focus on accelerated near-term revenue growth and 17% year-over-year net revenue growth (http://cnw.fm/4b7Xt). The company also shared an update on its strategy and outlook for the remainder of fiscal 2020.

In the announcement, Supreme Cannabis detailed how the Canadian business would benefit from its coast-to-coast sales partnership with humble+fume; the company also announced its goal of reaching near-term profitability, in part, enabled by its enhanced cost structure and…

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Champignon Brands Inc. (CSE: SHRM) Completes IPO; Offers Line of Mushroom-Infused Teas to Promote Holistic Health, Wellness

March 9, 2020 12:24:07

SHRM issues almost 19 million common shares in conjunction with IPO offering; raises more than $2.8 million
Flagship product line is Vitality Superteas, infused with proprietary formulation of artisanal mushrooms
National Institutes of Health (NIH) and Good Housekeeping extol health benefits of mushrooms

Champignon Brands Inc. (CSE: SHRM), a research-driven company specializing in the formulation and distribution of artisanal-mushroom health supplements, has completed its IPO and is now listed on the Canadian Stock Exchange. Based in Vancouver, British Columbia, Champignon issued 18,916,667 common shares in conjunction with the IPO offering, raising $2,837,500 in gross proceeds in the market transaction (http://cnw.fm/2gn2O).

The Champignon suite of products is built around the company’s belief that mushrooms enhance the health and wellness of its consumers – a notion that appears to be well founded. Numerous research studies tout the benefits of mushrooms. Champignon is aggressively pursuing its mission of researching and…

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420 with CNW – Recreational Pot Sales Launch in Maine Delayed Till June

March 9, 2020 04:20:12

Recreational marijuana sales in Maine will be launched in June, which is three months later than what the state regulators expected. Recreational marijuana was legalized in 2016 through the ballot by voters. Adult-use cannabis legalization was done through the approval of the Marijuana Legalization Act and was expected to be effective in 40 days after its passage.

The delay in launching recreational marijuana sales was due to delays in licensing marijuana businesses and testing laboratories. Maine’s associate commissioner of tax policy, Michael Allen, said that after consultations with the Office of Marijuana Policy, the state’s revenue forecasting committee is expecting cannabis sales tax proceeds to start coming in June, which is three months later than…

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420 with CNW – Canadian Survey Shows Teen Marijuana Use Has Dropped After Legalization

March 6, 2020

March 6, 2020 16:20:12

Although politicians keep issuing warnings about the consumption of marijuana amongst teenagers, surveys show that marijuana consumption among teenagers is dwindling after the recreational legalization of cannabis.

In February, Statistics Canada’s findings showed that marijuana consumption has significantly dropped in adolescents aged 15-17 years by about ten percent, a year after the country legalized adult-use marijuana. And in the U.S., the state of Denver also has…

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420 with CNW – First Utah Marijuana Dispensary Opens in Salt Lake City

March 6, 2020

March 6, 2020 04:20:20

On Monday, the state of Utah opened its first medical marijuana pharmacy. This has allowed patients to buy marijuana medicine legally within the state and without having to go to the other states to purchase medical cannabis and sneak the products illegally back to their homes.

The dispensary, which is known as Dragonfly Wellness located at 711 State in Salt Lake City, has marked a milestone for Utah’s medical marijuana program, which has been in the works for nearly 15 months since the voters…

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420 with CNW – Ohio Advocates File Measure to Put Pot Legalization on 2020 Ballot

March 5, 2020 16:20:19

On Monday, marijuana reform advocates in Ohio filed a motion to put a marijuana legalization bill on the 2020 ballot for the voters to decide.

The measure, which is referred to as Regulate Marijuana Like Alcohol, would permit people aged 21 and above to purchase, possess, and cultivate marijuana for personal use. However, possession of cannabis would be limited at one ounce, and individuals would be allowed to cultivate a maximum of…

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CannabisNewsBreaks – technical420 Highlights Three Major US Cannabis Markets and Companies Focused on Opportunity

March 5, 2020 15:24:43

A recent editorial by Anthony Varrell on technical420 titled “3 Major US Markets Driving Headlines For the Cannabis Sector” reviews impressive growth for the cannabis industry despite considerable pressure since early 2019. The article focuses on three of the most significant cannabis markets in the U.S., as well as companies that are focused to capitalize on opportunity. Nevada is mentioned in the article as a tourism driven cannabis market and 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), looking to show visible catalysts for growth. Also highlighted is California, the world’s largest cannabis market, and MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF), one of the best-known brands laser focused on the state’s cannabis retail opportunity, as well as Colorado, a massive market flying under the radar, and Pure Harvest Cannabis Group (OTCQB: PHCG), a company in the middle of a major expansion and focused on accreditive acquisitions in the state.

To view the full article, visit http://cnw.fm/zn5pZ

About technical420

Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.com.

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CWCBExpo Set for ‘Huge Year for Cannabis’ as it Prepares for May 28 Opening

March 5, 2020 13:21:01

New York City’s 7th annual Cannabis World Congress & Business Expo will take place May 28-30 at Manhattan’s renowned Javits Center
Seminars, expo floor access, informed speakers, networking opportunities and responsive workshops will deliver timely cannabis industry insights
Hemp and cannabis titan Bruce Linton will be returning to the New York event for the third time, to discuss his ‘Next Great Adventure’ in a special ‘In Conversation With…’
Among the featured presentations is an appearance by cannabis and finance strategists Tim Seymour and Sumit Mehta, who will address how to capitalize on the latest trends in the industry

When registration opened for the annual Cannabis World Congress & Business Exposition (CWCBExpo) in New York City, it kicked off what is expected to be a “huge year for cannabis” while commencing a countdown to the largest B2B cannabis industry trade show on the East Coast.

CWCBExpo will be located at the economic hub of New York’s world-class metropolis in a state where Gov. Andrew Cuomo vowed to legalize adult recreational-use marijuana when he started off the year with his State of the…

For more information, visit the event’s website at www.CWCBExpo.com

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420 with CNW – Canadian Companies Offer Lower-Priced Marijuana to Stifle the Black Market

March 5, 2020 04:20:18

In an effort to outpace the illegal market, marijuana companies in Canada are introducing lower-priced, ‘value brand’ marijuana products. The illicit market in Canada accounts for about 70% of all marijuana sales.

Canada legalized recreational marijuana in 2018 under the Cannabis Act. After Uruguay, Canada is the second country on the globe to legalize marijuana for…

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420 with CNW – Missouri Lawmakers Probe Allegations of Bias in Marijuana Licensing Process

March 4, 2020 16:20:17

Missouri legislators still have questions about the alleged conflicts of interest in the new medical cannabis industry, irrespective of the testimony obtained from state regulators in the past few weeks.

At the beginning of February, the Missouri House’s government oversight committee started holding hearings to examine the rollout of the medical marijuana program after reports on scoring irregularities were spread across…

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If Medical Marijuana Can Help Treat The Opioid Addiction, What Will It Mean For The Whole Cannabis Industry?

March 4, 2020 12:32:40

Marijuana and its components continue to prove medical benefits from day-to-day. For decades, it has been a favorite subject of debate and in-depth research. Along with this, various pharmaceutical formulations for THC are released, which the U.S. Food and Drug Administration (FDA) approved.

But, have you ever imagined what it would look like for the cannabis Industry once medical marijuana proves its positive effects on the…

– This article was provided by Dwight K. Blake, Editor in Chief of AmericanMarijuana.org

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This article contains Third-Party Content submitted by third parties, including articles submitted through the CNW Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of CNW or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and CNW does not endorse, guarantee or make representations concerning the accuracy and completeness of all third-party content. You acknowledge that by CNW providing you with this internet portal that makes accessible to you the ability to view third-party content through the CNW site, CNW does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. CNW expressly disclaims liability relating to such third-party content. CNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, CNW reserves the right to remove third-party content at any time in its sole discretion.

CannabisNewsBreaks – CannabisNewsWire to Again Serve as Official NewsWire for Full Slate of 2020 CWCBExpo Events

March 4, 2020 11:26:34

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company part of the InvestorBrandNetwork (“IBN”), today announced that it will serve as the Official NewsWire and Sapphire Sponsor for the full slate of 2020 Cannabis World Congress & Business Expo (“CWCBExpo”) events. In addition, IBN will participate as an Official Media Sponsor for the CWCBExpo gatherings. “We are honored to once again be selected as the official newswire for CWCBExpo,” CNW Communications Director Jonathan Keim said in the news release. “The Cannabis World Congress & Business Expo team has built a strong reputation for offering premier events in the cannabis space, and we are thrilled to be able to support and strengthen those efforts via multiple distribution channels, including CannabisNewsWatch, CBDWire and other cannabis-related brands of IBN.”

To view the full article, visit http://cnw.fm/0eqXI

About CWCBExpo Events

CWCBExpo events are must-attend gatherings designed for experts, professionals, entrepreneurs and enthusiasts in the cannabis space to legalize, educate, strengthen, expand and help legitimize the cannabis industry. Additional details about the upcoming events, including ticket information, can be found at the following link: www.CWCBExpo.com.

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Champignon Brands Inc. (CSE: SHRM) Building Reputation in Burgeoning Mushroom Space with Flagship SuperTea Product Line

March 4, 2020 11:07:10

Champignon’s Vitality SuperTea offerings revolutionizing conventional organic tea concept
Each of Champignon’s tea options carefully formulated to provide unique health, performance benefits
Global market for products infused with nutritional, bioactive mushroom ingredients projected to reach $34 billion by 2024

The future of health may reside in mushrooms. As buzzwords like ‘organic’, ‘whole’ and ‘fresh’ abound, it’s clear that society has become increasingly passionate about seeking high-quality, nutrient-rich foods. Recently, the humble mushroom has found itself in the spotlight as a surprisingly rich source of vitamins and minerals and a filling substitute for meat. Industry leaders like Four Sigmatic – which has been featured by The New York Times, Forbes, and Business Insider, among others – are working to educate the public on mushrooms’ superfood qualities.

Similarly, fresh on the publicly traded scene is small-but-mighty Champignon Brands Inc. (CSE: SHRM), a research-driven company specializing in mushroom health supplements that promote holistic health and wellness. SHRM is building a reputation as a leader in the burgeoning craft mushroom vertical space. The company’s flagship brand – Vitality SuperTeas – offers a line of proprietary teas formulated with the goal of revolutionizing conventional organic…

NOTE TO INVESTORS: The latest news and updates relating to SHRM are available in the company’s newsroom at http://cnw.fm/SHRM

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces 300% Growth in Budcar Delivery Volume, Eyes $15M 2020 Revenue Target

March 4, 2020 11:00:28

Sugarmade (OTCQB: SGMD) today announced a dramatic 300% sequential monthly jump in delivery volume in BudCars Cannabis Delivery Service in February. According to the update, the rise in volume follows the company’s negotiated agreement toward a controlling stake in Budcars and its investment in expanding the leading delivery service’s operations and reach in Northern California. Provided recent data on growth in daily orders is reliable and indicative of the impact of the company’s recent measures over coming months, management projects a Budcars top-line run-rate capable of surpassing $15 million in sales in 2020. “Some of our shareholders have suggested that our vision for a massively expanded and vertically integrated Budcars might be explained to the world as the ‘Uber Eats of the cannabis market.’ But we believe that’s actually a dramatic underestimation of where Budcars is headed,” Sugarmade CEO Jimmy Chan said in the news release. “This is far more promising from a bottom-line perspective, given that we aren’t simply delivering someone else’s product. The retailer gets the juicy 20 percent net margin in this business. We are positioning ourselves as a ‘Cannabis concierge service’ focusing on a truly unique cannabis experience.”

To view the full press release, visit http://cnw.fm/EnMC8

About Sugarmade, Inc.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

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420 with CNW – Florida Senate Moves to Limit Medical Marijuana THC Potency

March 4, 2020 04:20:34

On Friday afternoon, the Florida Senate filed a proposal whose aim is to put a limit on the amount of THC available in medical marijuana products. The potency cap would be at 10%.

THC is the psychoactive compound found in marijuana. It induces the high effect. THC can be found in all forms of marijuana ranging from whole-flower, tinctures, oils, vaporizers, and…

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420 with CNW – Denver Study Finds Fewer Teens Opting to Consume Marijuana

March 3, 2020 16:20:33

Results from a new survey conducted in the City and County of Denver show that more teens are choosing not to consume marijuana. Denver believes that the improved results in teen consumption are because of the marijuana youth prevention campaign, which is based on facts.

The campaign, which is referred to as the High Costs Marijuana Youth Education and prevention, was formed to educate the youth within their state on the effects of underage consumption on their…

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NECANN Boston 2020 Provides Platform for Cannabis Community to Make a Stand

March 3, 2020 12:57:21

When the curtain goes up on the sixth annual New England Cannabis Convention, slated for March 20-22 at the Hynes Convention Center in Boston, the loudest cheers may come from local cannabis advocacy groups and nonprofits. Conference organizers have set aside 10% of the exhibit floor for these specific organizations as proof positive that the NECANN conference series is about more than just talking shop.

NECANN has built a reputation for being at the forefront of cannabis liberalization and has joined the fray against cannabis Luddites. It’s no surprise, then, that NECANN Boston 2020 is flying the flag once again for that great cause. When the conference gets underway this spring, the gathering is expected to attract the…

For more information, visit the event’s website at https://NECANN.com/2020-Boston-2

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CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces 91% Sequential Growth to $1.35 Million and Significant Financial Improvements

March 3, 2020 10:53:29

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced robust growth and significant financial improvements for the most recently completed financial period ending Dec. 31, 2019. Cannabis Strategic Ventures reported revenue of $1.35 million for the quarter ending Dec. 31, representing approximately 91% sequential growth compared to the previous quarter. According to the update, gross margins grew meaningfully while operating efficiencies significantly improved. “We’re excited to see consistent revenue growth,” Simon Yu, CEO of the Company, said in the news release. “In this highly regulated environment, it takes time to scale production. With a considerable portion of the permitting and construction behind us, we are poised for continued growth in the California cannabis marketplace.”

To view the full press release, visit http://cnw.fm/w4OV7

About Cannabis Strategic Ventures

Cannabis Strategic Ventures, Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based that incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The Firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands. For more information, visit www.CannabisStrategic.com

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://cnw.fm/NUGS

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420 with CNW – What Pot Companies Can Learn from Federal Hemp Legalization

March 3, 2020 04:20:21

The National legalization of hemp under the 2018 Farm Bill provides marijuana business with essential lessons to use when preparing for a highly analyzed, commodity-driven industry. The lessons would especially be valuable to small companies that are well managed.

The co-founder and president of the American Trade Association for Marijuana and Hemp, Michael Bronstein, said that although hemp and marijuana are different industries, marijuana can learn some few things from the national rollout of…

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420 with CNW – Vermont House Passes Marijuana Legalization Bill

March 2, 2020

March 2, 2020 16:20:20

On Thursday, the House of Representatives in Vermont approved a bill legalizing retail sales of marijuana. However, the Governor, Phil Scott (R), said that he is not happy with one of the key components of the legislation.

On Wednesday, the measure garnered a strong initial vote in the House, but for the bill to formally clear the chamber, an additional vote was required, and the Members of the chamber gave a third reading approval to…

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420 with CNW – Trial Shows Medical Marijuana Can Treat Insomnia

March 2, 2020

March 2, 2020 04:20:23

Zelira Therapeutics has developed a medical marijuana insomnia product known as Thunderbird. Zelira Therapeutics was previously called Zelda Therapeutics (ASX: ZLD), and it changed its name after merging with the USA’s Ilera Therapeutics LLC late last year.

For the past few years, Zelda, currently known as Zelira Therapeutics, has been working on a marijuana product used for treating insomnia, ZLT-101. In 2017, Zelda Therapeutics obtained approval to conduct clinical trials with patients who have chronic insomnia in Australia. At the time of the merger, Zelda Therapeutics was also studying the use of marijuana in treating conditions such as…

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420 with CNW – New Mexico Moves to End Access to Medical Marijuana by Non-Residents

February 28, 2020

February 28, 2020 16:20:21

New Mexico has ruled out the enrollment of non-resident in their medical marijuana program. This week, New Mexico governor Michelle Lujan Grisham signed into law a bill that denies issuance of medical marijuana cards to non-residents.

Last year the state approved a change in statute, which was signed by the governor, allowing out of state patients to enroll in the state’s medical marijuana program. And since September, more than 600 patients from Texas, Arizona, and other states have enrolled in the New Mexico medical marijuana program. Under the new law, the patients will not be able to renew their medical marijuana cards in New Mexico, but under the reciprocity rule, they will still be able to buy…

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420 with CNW – Colorado Pot Sales Hit New Record

February 28, 2020

February 28, 2020 04:20:37

This week, the Colorado Department of Revenue released new data that showed that the dispensaries within the state set a new sales record in 2019.

The state of Colorado raked in $1.74 billion in medical and adult-use marijuana sales, out of which $302 million was collected in the form of sales taxes. The tax proceeds within the state are used in the construction of new schools and…

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420 with CNW – Risks of Buying Marijuana from Unregulated Sources

February 27, 2020 16:20:35

It would be pointless to make mistakes or make yourself sick while cultivating marijuana as if there were no rigorous controls at an approved professional cultivation facility. On rare occasions, marijuana products might be contaminated, and their health benefits might turn to be health hazards.

For this reason, you should buy marijuana products from licensed dispensaries and also avoid growing your own marijuana if you do not know what you are doing. This will minimize the risks of consuming…

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CannabisNewsWire Recaps USA CBD Expo in Las Vegas, Today’s Leading Cannabidiol Industry Event

February 27, 2020 12:38:46

The USA CBD Expo held earlier this month was a perfect way to learn about the latest CBD products — from coffee, oils, cosmetics, lotions, CBD pet products, CBD capsules, and tinctures to toothpicks and bath bombs. In addition, with the greatest selection of hemp and CBD products, the country’s biggest CBD event helped business owners in the niche learn how to target new audiences and grow their market share.

USA CBD Expo was attended by the industry’s biggest buyers, investors, and wholesalers in 2019, and 2020 was no exception. More than 500 leading industry brands attended the event held at the Las Vegas Convention Center on February 13-15, 2020, which was attended by…

For more information, visit the event’s website at www.USACBDExpo.com

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Offers Safe Alternative to Traditional Potting Soils

February 27, 2020 09:36:07

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, on Wednesday announced that its signature growth medium, Prolific, is an excellent substitute to other regularly used potting soils. Following the recent untimely death of an avid gardener who was diagnosed with Legionnaires’ disease after encountering contaminated soil, the safety of potting soils has been examined. According to recent article on CNN.com, potting mix is known to carry harmful bacteria and fungi. Prolific, however, is a unique, bio-active soilless growth medium that contains no human and sewage waste. The reusable growth medium contains the finest quality ingredients, including coconut coir, alfalfa, kelp, volcanic perlite, and sphagnum peat moss. It provides growers a level of safety and the ability to grow clean, organic “superfoods.” Prolific is available for purchase on Amazon.com.

To view the full press release, visit http://cnw.fm/o1n0K

About GP Solutions, Inc.

GP Solutions, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods.” GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.com.

NOTE TO INVESTORS: The latest news and updates relating to GWPD are available in the company’s newsroom at http://cnw.fm/GWPD

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420 with CNW – First Month of Illinois Recreational Pot Sales Earn the State $10M in Taxes

February 27, 2020 04:20:10

The first month of legal recreational marijuana sales in Illinois raked in more than $10 million in sales tax.

The Department of Revenue in Illinois said that the legal sales were so strong such that they expect to surpass their original and conservative estimate for the first half year of sales. They are optimistic that they are going to collect more than $28 million from taxes on marijuana sales within the first six months of adult-use marijuana sales. Despite the shortages that plagued the state during…

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420 with CNW – Survey Shows More Older Adults Are Embracing Marijuana

February 26, 2020 16:20:09

Data from a new study shows that more older adults are using one or more marijuana product, but their doctors are not ready to discuss marijuana use with this demographic.

The new study findings published in JAMA Internal Medicine showed an increase in the percentage of adults above the age of 65 who said that they had consumed some form of marijuana within the past year. The increase was 75% higher in 2018 than it was in 2015; 4.2 % of the adults said that they had used marijuana in the past year. Marijuana consumption among the older generation has been increasing drastically since 2006 when it was recorded that less than…

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NECANN Boston 2020 to Put the Future of Cannabis on Display Next Month

February 26, 2020 13:05:09

When NECANN Boston 2020 kicks off this spring, the Bay State will play host to the largest gathering in its flourishing cannabis industry. Set for March 20-22, 2020, at the Hynes Convention Center in Boston, the event is designed to cultivate collaboration in the East Coast’s medical and recreational cannabis sectors.

NECANN takes a collaborative approach to its conventions, and this has resulted in consistently high ROI for exhibitors and sponsors. This year, more than 10,000 industry professionals are expected to attend, leading organizers to hail NECANN Boston 2020 as…

For more information, visit the event’s website at https://NECANN.com/2020-Boston-2

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The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Signs Landmark Sales Agreement with Leading Cannabis Distributor

February 26, 2020 10:48:14

SPRWF partners with humble+fume to offer complete cannabis solution to cannabis retailers
Agreement achieves coast-to-coast coverage with 14 sales professionals managing relationships at a store level
Supreme Cannabis accelerate revenue generation with plan to introduce new consumer-facing brands at all key price points

Across Canada, a growing number of retail stores are opening as more and more cannabis consumers are opting to purchase cannabis products in store where they can view products and benefit from budtender recommendations. With this in mind, The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best cannabis and becoming a leader in the global cannabis industry, has signed a landmark sales agency agreement with humble+fume, one of North America’s leading distributors of cannabis accessories (http://cnw.fm/nt7Jw).

With the cannabis industry growing at an impressive rate, savvy cannabis companies recognize the power of having a strong, credible retail presence. SPRWF’s new agreement calls for humble+fume to act as the exclusive sales agent for Supreme Cannabis Company’s recreational products across Canada, achieving coast-to-coast coverage while, at the same time, creating an appealing sales proposition for retailers. The partnership establishes the only sales force in…

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420 with CNW – Michigan Sees 29% Sales Growth for Recreational Marijuana in January

February 26, 2020 04:20:45

A statistical report on marijuana is published every month, and Michigan has released its report for the month of January. The report shows that in the month of January, adult-use marijuana sales in the state continued to grow at a steady pace.

In January, adult-use sales rose to $9.8 million while previously in the month of December, the sales were $7 million. Michigan launched recreational sales of…

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420 with CNW – Consumers Seem to Be Gravitating Toward Cheap Marijuana, for Now

February 25, 2020 16:20:44

Marijuana consumers are considering their wallets when purchasing weed, and all they want is cheap marijuana with high THC content.

In the past few years, several marijuana companies have developed high-quality, premium products, and these products are displayed on dispensary shelves. The companies believed that marijuana consumers would prefer luxurious marijuana products, just like the way beer consumers gravitate toward craft beer and aged whiskey in the spirits industry. The older generation and newbies are most likely to…

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MCTC Holdings Inc. (MCTC) to Strengthen Financial and Strategic Planning Focus After Appointing Cannabis Industry Veteran as New CFO

February 25, 2020 12:24:44

The company has filed six patents on hemp extract technologies and delivery systems
Expanding on development of infusion technologies to include exotic cannabinoids that may improve sleep and control appetite
Industrial hemp market is expected to grow to $26.6 billion by 2025

Hemp infusion technology innovator MCTC Holdings Inc. (OTC: MCTC) appointed cannabis industry veteran Robert L. Hymers III as its chief financial officer. Previously a director of the company, Hymers has a vast and impressive background in financial planning and analysis, corporate finance, treasury, tax, investor relations, risk management, and strategic planning, according to a company press release (http://cnw.fm/s0oOE).

Previously, Hymers was CFO and Director of Marijuana Company of America, Inc. (OTCQB: MCOA), and brings with him a deep understanding of the hemp and cannabis industries. MCTC and Marijuana Company of America have signed a distribution contract for MCTC’s Hemp You Can Feel(TM) beverage product line, a patent-pending, organic, ultra-clean label line of…

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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Enhances Cannabis Products’ Shelf-Life Potency, Addressing Industry Distribution Challenges

February 25, 2020 11:57:26

Many cannabis companies have struggled with declining investor interest amid product delivery shortfalls and adverse revenue reports
The distribution obstacles have exacerbated company concerns by creating choking points for inventory, which can quickly lose potency in storage
Lexaria Bioscience’s trademarked DehydraTECH powder-creating technology helps preserve cannabinoid effectiveness and extend storage potential 2 to 3 years
The DehydraTECH platform also provides a key benefit in making cannabinoids, nicotine, NSAIDs and other drug products bioavailable as rapidly as inhaled products
An alternative to inhaled smokes and vapes could provide health and wellness benefits to consumers by eliminating harm to users’ lungs
Lexaria’s licensing strategy also enables other companies to utilize DehydraTECH’s IP in their products

As the cannabis industry works to weather 2019’s adverse profit and productivity reports (http://cnw.fm/aqD7t), consumption drug platform innovator Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is helping to ensure that product inventories can remain potent and perform at their potential despite a natural tendency for cannabinoids to deteriorate with time.

Public market investors have been short-term allies in a fledgling industry seeking long-term commitment, in large part because of initial sky-high expectations for profits from cannabis-related industries and regulatory hurdles from government oversight of a once-illegal product that have kept the brakes on runaway commerce. As a result, many companies have…

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Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Planning Brand Portfolio Expansion; Focusing on Two New Categories

February 25, 2020 11:26:32

PLUS targets new consumer demographics as it eyes wellness/relief and get-high, have-fun spaces
Company has established reputation for providing top-selling, quality edibles

In the wake of a cannabis competitor losing its license, hemp and cannabis food company Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is reiterating its commitment to quality production as it gears up to launch a new line of products to supplement its already top-selling edibles. PLUS has announced plans to expand its brand portfolio in Q1 2020 as the cannabis-savvy company targets consumers outside of its core demographic (http://cnw.fm/7AcMk).

Plus Products’ commitment to quality is particularly meaningful following the news that California cannabis regulators have revoked the business license of vaporizer brand Kushy Punch after the company was found to be operating from an…

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CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roasters Forges New Distribution Partnership with Prestigious Distributor Krasdale Foods

February 25, 2020 10:42:44

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments, today announced that its wholly-owned subsidiary CLR Roasters has forged a new distribution partnership with prestigious distributor Krasdale Foods. In the business for over 100 years, Krasdale Foods distributes over 12,000 grocery item SKUs, services over 2500 retail locations and its geographic footprint includes NYC and metro areas in New York, as well as New Jersey, Connecticut, Pennsylvania, Massachusetts, and Rhode Island. Krasdale Foods plans to begin distribution of Café La Rica next month, with, in the first week of March, an initial stocking order of Café La Rica’s gourmet espresso shipping from CLR Roasters to Krasdale’s Bronx, NY-based distribution facility. “We are proud to see CLR’s Flagship brand, Café La Rica, pick up such a significant and prestigious distribution partner” Youngevity President and CFO Dave Briskie said in the news release. “We expect the continuation of this partnership to help drive the continued growth of our Café La Rica brand throughout 2020.”

To view the full press release, visit http://cnw.fm/c5v1V

About Youngevity International

Youngevity International, Inc. (NASDAQ : YGYI ) is an multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity, YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit www.YGYI.com.

NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) and Budcars Significantly Increase Cannabis Delivery Reach in Northern California

February 25, 2020 10:18:03

Sugarmade (OTCQB: SGMD), together with cannabis delivery service Budcars, this morning announced a substantial expansion of cannabis delivery services within the Sacramento metropolitan area. The expansion will include adding the communities of Granite Bay, Folsom, Arden Arcade, Carmichael, Citrus Heights, Orangevale, and Roseville/Rocklin this week. “The investment in Budcars and this geographic expansion are just the start of Sugarmade’s moves into California’s regulated cannabis marketplace. With the significant turmoil in California’s cannabis marketplace occurring over the past year and the resulting industry shakeout, we are seeing a host of very attractive investment opportunities. We feel Sugarmade’s capital structure is conducive to addressing these pending opportunities and we are in the process of performing due diligence on several. We are particularly interested in the many cultivation and retail non-storefront opportunities that now exist. We hope to soon make several other investments in these areas,” Sugarmade CEO Jimmy Chan stated in the news release.

To view the full press release, visit http://cnw.fm/z0hYL

About Sugarmade, Inc.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

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420 with CNW – Kentucky House Passes Medical Cannabis Legalization Bill

February 25, 2020 04:20:46

On Thursday, the Kentucky House of Representatives passed legislation legalizing medical marijuana within the state.

This comes after the Judiciary Committee voted in the bill last week in a vote of 65-30. The Legislation now proceeds to…

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420 with CNW – New NFL Collective Agreement Could End Player Bans Due to Failed Marijuana Tests

February 24, 2020 16:20:45

On Thursday, NFL team owners approved a proposed collective bargaining agreement, which ensures that National Football League players would no longer be suspended from games for testing positive for marijuana. The agreement was then circulated to the players.

The new measure being floated for approval by the NFL Players Association would also reduce the number of players being subjected to marijuana testing. It also reduces marijuana and other drugs testing periods. The drug tests can be administered over a period of two weeks at the start of…

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Champignon Brands Inc. is “One to Watch”

February 24, 2020 12:07:11

Functional mushrooms are used in a wide variety of health care and pharmaceutical products
Applications of functional mushrooms are growing in the cosmetics and food and beverage sectors
Market demand is led by a significant shift in lifestyle and dietary habits of consumers seeking healthier alternatives
Globally, the functional mushroom market is projected to reach $34.3 billion by 2024, growing at a CAGR of 8.04% during the forecast period (2019-2024)
Mushrooms are a leading source of the antioxidant nutrient, selenium, which protects body cells from damage that might lead to chronic diseases and help to strengthen the immune system
Legalization of psilocybin, the psychedelic molecule found in various mushrooms, is gaining momentum now regularly

Champignon Brands Inc. is a research-driven company specializing in the formulation and distribution of a suite of artisanal mushroom health supplements. Dedicated to revolutionizing conventional organic teas, coffees and other consumables with the infusion of a proprietary blend of artisanal mushrooms, Champignon’s expanding portfolio is crafted with the health-conscious consumer in mind.

Headquartered in Vancouver, British Columbia, Champignon’s team aims to promote the health and wellness benefits of functional mushrooms, which are used in a wide variety of health care and…

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MCTC Holdings Inc. (MCTC) Set for Infused Coffee Brand’s Premiere at Vegas Expo

February 24, 2020 11:30:18

Cannabis science innovator MCTC Holdings Inc. (soon to become Cannabis Global, Inc.) has begun production of its new infused coffee line under its Hemp You Can Feel (TM) product brand
The new infused coffee product will make its debut at the annual White Label World Expo (United States) in Las Vegas on February 26-27 at the city’s Convention Center, booth space 451
The infused food and beverage industry is growing on a state-by-state basis in the United States, and recently gained national legality in Canada
MCTC has also developed a pair of white label infusion products – in tablet and powder form – that enable other companies to build their own cannabinoid-infused product profiles

MCTC Holdings Inc. (OTC: MCTC), building on its recent advances in cannabinoid product science, will make a splash with its public debut of the company’s new Hemp You Can Feel(TM) Coffee at the White Label World Expo (United States) in Las Vegas later this month.

The White Label Expo grants MCTC the ideal forum for introducing its patent-pending science-based cannabinoid-infused coffee, given that the company is also introducing new infusion products to help coffee companies and manufacturers of other beverages produce their own clean-label drinks using a process superior to…

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420 with CNW – Undercover Investigators Lead to Administrative Complaints Against Florida Medical Cannabis Doctors

February 24, 2020 04:20:31

Two medical marijuana doctors are under investigation after Florida health officials filed a complained against them based on information obtained by undercover investigators posing as patients. A lawyer representing one of the doctors termed it as a trap.

The Department of Health in Florida filed both complaints on the same day in 2019, and are waiting for administrative law judges to take action. This is the first significant action taken by Florida against doctors prescribing…

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420 with CNW – The Clergy in Connecticut Advocate for Marijuana Legalization

February 21, 2020

February 21, 2020 16:20:30

Church leaders in Connecticut gathered on Tuesday to rally in support for draft legislation seeking to legalize marijuana. The Connecticut Clergy Coalition is backing governor Ned Lamont’s legislation as it would regulate and tax marijuana.

The coalition that represents more than 100 congregations said that marijuana regulation would cut across racial, ethnic, and…

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CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Revenue Numbers on MoneyTV with Donald Baillargeon

February 21, 2020

February 21, 2020 10:56:36

SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. Among other highlights from this week’s program, SinglePoint CEO Greg Lambrecht reviewed the company’s revenue numbers, reiterating, from a recent press release, that its revenues were up 190% from last year. “Again, this company is definitely going in the right direction as far as revenues and profit,” Lambrecht said. “This year [2020], the sky’s the limit. I don’t want to predict anything right now, but we’re optimistic we can do over $10 million.”

To view the full press release, visit http://cnw.fm/Nxq6k

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING

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420 with CNW – Medical Marijuana Allows ADHD Patients to Take Fewer Prescription Drugs

February 21, 2020

February 21, 2020 04:20:32

A new study has found that people with ADHD (attention-deficit hyperactivity disorder) tend to use less prescription drugs, which are powerful, addictive, and psychostimulants when they consume more medical marijuana.

The researchers found that patients who consumed medical marijuana compounds, such as cannabinoids and terpenes, reported a higher occurrence of stopping usage of all ADHD medication. The study findings were published in…

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420 with CNW – Border Patrol Union Boss Admits Legalizing Pot Forces Illicit Players Out

February 20, 2020 16:20:31

On Friday, the head of the labor union representing U.S. Border Patrol agents acknowledged that cartel activities are being disrupted by the states where marijuana is legal.

Although the President of the National Border Patrol Council, Brandon Judd, tried to downplay the impact of legalization, he was inadvertently making a case for the regulation of all illegal drugs by saying that cartels might start smuggling other commodities when marijuana is legalized within…

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CannabisNewsBreaks – O’Cannabiz Conference Adds Key Focus on Retail with Introduction of the Retail Zone

February 20, 2020 13:54:06

This year’s O’Cannabiz Conference and Expo includes a key focus on retail, with the O’Cannabiz Retail Zone a highlight of the upcoming event slated to take place at Toronto’s International Centre from April 2325, 2020. Featuring two full days of education and 20,000 square feet of dedicated expo space, the O’Cannabiz Retail Zone offers an unparalleled opportunity to dive deep into the retail potential of the cannabis space. The Retail Zone also includes several workshops and panel discussions covering best practices on inventory management, the capabilities of technology to transform the cannabis in-store experience, as well as many other subjects including the 10 biggest mistakes that retailers make and how to avoid them. As part of this year’s added focus on retail, retailers can register for complimentary expo tickets.

To view the full article, visit http://cnw.fm/Mxc3z

About O’Cannabiz Conference & Expo

To learn more about the O’Cannabiz Conference and Expo, including how to purchase tickets, become a sponsor or reserve a booth, visit: www.OCannabiz.com

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces Growth Strategy, Eyes Strong Opportunities in Delivery Services, Manufacturing via Co-Branding and Selective Genetic Cultivation

February 20, 2020 12:38:09

Sugarmade (OTCQB: SGMD) today released statements from its Chief Executive Officer, Jimmy Chan, relating to the company’s growth strategy within the regulated California cannabis marketplace. “The regulated cannabis market in California is changing quickly with new investment and operational opportunities opening as acceptance grows among the public, as the industry moves past its initial growth stage and as the crackdown on black market operators continues,” Chan said in the news release. “Several market sectors where prospects looked bleak only a few months ago now hold strong promise. It is in these areas where we are targeting our investing activities. In particular, we are seeing strong opportunities in delivery services (non-storefront retailer), manufacturing via co-branding and selective genetic cultivation. But, we believe being highly selective and targeting only the best of these opportunities is the only sound strategic growth strategy. This is the corporate mission for Sugarmade moving into the rest of 2020.”

To view the full press release, visit http://cnw.fm/5OpVV

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.

NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://cnw.fm/SUGAR

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SinglePoint Inc. (SING) Subsidiary Reports Continued Growth as Company Kicks Off 2020 Initiatives

February 20, 2020 12:04:58

SING’s current strategy includes focused marketing, sales-development initiatives
Company “strongly committed” to continued development, improvement of Direct Solar America subsidiary
SEIA dubs 2020s the solar+ decade; SING set to capitalize on solar becoming leading source of new-energy generation

Following a week during which its subsidiary Direct Solar America reported increased growth in terms of new contract development, SinglePoint Inc. (OTCQB: SING) notes that the company’s 2020 strategy – which includes new marketing and sales development initiatives – is starting to take shape (http://cnw.fm/b4Du7). Designed primarily around Direct Solar America, those initiatives are comprised of starting new canvassing teams, improving customer service and increasing engagement of partnership channels.

“We are strongly committed to continuing the development and improvement of Direct Solar America,” SinglePoint CEO Greg Lambrecht stated in a news release…

NOTE TO INVESTORS: The latest news and updates relating to SING are available in the company’s newsroom at http://cnw.fm/SING

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Releases Shareholder Update

February 20, 2020 11:25:33

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to discovering and developing cannabinoid products for the health and wellness industry to improve life performance, today released a letter to shareholders. In the letter, LiveWire Ergogenics Chairman and CEO Bill Hodson discussed the forecast for 2020 as a year of significant growth in total cannabis sales and provided updates surrounding the company’s Estrella Ranch “Estate Grown Weedery,” as well as other corporate initiatives. “With the demand for pure, organically grown, legal and thoroughly tested cannabis products growing rapidly, we expect the high-quality, handcrafted product that we will be growing at our California Ranch to become the most sought-after premium cannabis in the industry during 2020,” Hodson stated in the letter. “In the true spirit of ‘Doing-it-Right’ we are developing our Paso Robles Weedery into a special place operated with unique “tractor-less” farming methods by independent growers and passionate and experienced experts, carefully tending to each plant grown under the natural canopy of a perfect micro-climate in the midst of California wine country.”

To view the full press release, visit http://cnw.fm/8HhCG

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit: www.LiveWireErgogenics.com.

NOTE TO INVESTORS: The latest news and updates relating to LVVV are available in the company’s newsroom at http://cnw.fm/LVVV

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420 with CNW – LA Moves to Dismiss 66,000 Pot Convictions

February 20, 2020 04:20:46

State officials in Los Angeles say the people who are slated to benefit from the dismissal of approximately 66,000 past pot convictions include Latinos (45%), African American (32%), 20% are whites, and 3% consist of others racial groups.

The cases that were dismissed include 62,000 marijuana felony convictions that go back several decades, and 4,000 misdemeanor charges for…

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420 with CNW – Alabama Senate Bill Seeks to Legalize Medical Marijuana

February 19, 2020 16:20:45

Southeast and Midwest states in the U.S. are historically conservative, and they are opposed to the legalization of marijuana in any form, but in recent years, several states such as Florida and Louisiana have been adopting marijuana reform for legalizing medical marijuana. And Alabama is among the 17 states where medical marijuana is still illegal. But new legislation which was introduced last Tuesday in the state Senate by Senator Tim Melson is seeking to authorize medical marijuana.

The legislation SB 165, which would establish the Compassion Act, would allow the state of Alabama to legalize certain forms of medical cannabis, create cultivation programs, and administer and tax the sales of marijuana products. However, even if the bill is approved, people are not expected to…

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CannabisNewsBreaks – Beverage Trade Network Bringing Cannabis Drinks Expo to San Francisco and Chicago Amidst Sector’s Rapid Growth

February 19, 2020 11:14:46

The Beverage Trade Network is bringing the Cannabis Drinks Expo to multiple locations this year, including an event in San Francisco on July 30th and Chicago on August 3rd. With widening legalization, the cannabis beverage industry is forecast to experience incredible CAGR of 37% by 2026, and the expo is an invaluable resource for all industry enthusiasts. The event’s stated theme, “Growing Your Cannabis Drinks Business,” is designed to provide attendees with critical information on a variety of important topics. The Bay City location, a longtime host city of events for the global wine and spirits industry, is symbolic of the charted direction of the cannabis drinks sector. “Choosing San Francisco as the host city for our first event this year made a lot of sense,” Beverage Trade Network CEO and Founder Sid Patel said in the news release. “California has now emerged as an influential voice determining the future growth of the cannabis drinks industry.”

To view the full article, visit http://cnw.fm/aY8R8

About Beverage Trade Network

Beverage Trade Network (BTN) is a producer of competitions, conferences, expos and trade shows for the alcohol beverage trade industry around the world. BTN is the alcohol beverage industry’s leading network and is committed to helping importers and distributors find new suppliers from all over the world. BTN hosts events in London, New York, and San Francisco, including the highly acclaimed International Bulk Wine & Spirits Show (London and San Francisco), the London Wine Competition (London) and the USA Trade Tasting show (New York). For more information, visit BeverageTradeNetwork.com.

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CannabisNewsBreaks – Cannabis Conference 2020 to Showcase Fundamental and Cutting-Edge Innovations

February 19, 2020 11:13:26

GIE Media’s Cannabis Conference 2020, presented by Cannabis Business Times, Cannabis Dispensary and Hemp Grower magazines, will draw more than 70 of the cannabis industry’s leading experts. The upcoming event is slated to take place in Las Vegas, Nevada at the Paris Las Vegas Hotel & Casino on April 21-23, 2020. The conference will shine a spotlight on the cannabis industry’s most fundamental and cutting-edge innovations and practices, where attendees will gain valuable insights and network with standout participants. “Cannabis Conference is the nation’s leading educational cultivation and dispensary event in the cannabis space,” Group Publisher for the Cannabis Conference Jim Gilbride said in the news release. “During this exciting three-day event, participants will interact with some of the foremost experts in the cannabis industry and gain important insights regarding cultivation, business practices, customer engagement, retail management and much more. For anyone involved in plant-touching cannabis businesses or looking to break into the industry, attendance at Cannabis Conference is a must.”

To view the full article, visit http://cnw.fm/fQ13o

About the 2020 Cannabis Conference

The 2020 Cannabis Conference is presented by Cannabis Business Times, Cannabis Dispensary and Hemp Grower magazines, owned by GIE Media Inc. The company debuted its annual conference in 2017. Sign up for conference alerts here. For additional information about Cannabis Conference 2020, including registration information, a list of featured speakers and a schedule of events, visit www.cannabisconference.com.

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420 with CNW – Research Shows Marijuana Edibles THC Labels Need to Be Improved

February 19, 2020 04:20:39

A new study has found that the majority of young adults do not comprehend the levels of tetrahydrocannabinol (THC) in the advertised marijuana edibles. However, researchers have suggested a new manner of communicating the concentration of THC as well as other information on the product labels.

The new study tested the efficacy of THC labeling on marijuana edibles. Between 2015 and 2016, research shows that in the United States, about ten percent of the adult population and approximately twenty-four percent of the youths had consumed…

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420 with CNW – Proposed Law Seeks to Protect Privacy of Maine Marijuana Companies

February 18, 2020

February 18, 2020 16:20:38

The lawmakers in the state of Maine are considering approving a proposal that provides a cloak of secrecy about the imminent adult-use marijuana sector.

The legislation L.D. 2091, which was written by the legislators within the state of Maine, would exclude trade secrets, security, and operating protocols provided to the state by marijuana businesses from…

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CannabisNewsBreaks – CannabisNewsWire to Serve as Official Media Sponsor of Cannabis Conference 2020

February 18, 2020

February 18, 2020 10:54:21

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company part of the InvestorBrandNetwork (“IBN”), on Monday announced that it will once again collaborate with GIE Media to serve as an official media sponsor of the Cannabis Conference 2020. The conference, presented by Cannabis Business Times, Cannabis Dispensary, and Hemp Grower magazines, will take place April 21-23 at Paris Las Vegas in Las Vegas, Nevada. “We are excited to have CannabisNewsWire return to once again serve as a sponsor of Cannabis Conference and continue to help build and strengthen our event,” Cannabis Conference Group Publisher Jim Gilbride stated in the news release. “CNW’s team of experts offers an unparalleled commitment to quality, and the InvestorBrandNetwork’s vast distribution network and comprehensive approach effectively ensure that our message will be broadly shared with those desiring to learn more about the future of the fast-growing cannabis industry and the exciting new products, innovations and practices being launched within it.”

To view the full press release, visit http://cnw.fm/kbNO0

About Cannabis Conference 2020

Cannabis Conference 2020, presented by Cannabis Business Times, Cannabis Dispensary, and Hemp Grower, will be held at Paris Las Vegas hotel in Nevada this spring. The three-day event, held April 21-23, 2020, will bring together experts in cannabis cultivation and business operations, retail management, and customer engagement. The event, widely recognized as the leading cultivation and dispensary education venue in the industry, promises to deliver valuable tools and contacts to help attendees be successful in the ever-evolving cannabis industry. For additional information about Cannabis Conference 2020, including event registration, visit www.CannabisConference.com.

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CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Posts Q2 2020 Results and Outlook; Enters Exclusive Agreement with Humble & Fume Inc.

February 14, 2020

February 14, 2020 10:52:46

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Thursday announced its financial and operating results for the three and six months ended December 31, 2019, as well as an update on its strategy and outlook. In addition, Thursday marked the announcement of Supreme Cannabis’ entry into a landmark sales agreement with Humble & Fume Inc. (“humble+fume”), one of North America’s leading distributors of cannabis accessories. Under the agreement, humble+fume will act as the exclusive sales agent for Supreme Cannabis’ recreational products across Canada, creating the only sales force in Canada able to offer a complete solution of cannabis brands and accessories to retailers. “humble+fume is excited to have been chosen by Supreme Cannabis to be their coast-to-coast sales solution partner,” humble+fume’s CEO Bob Ritchot said in the news release. “With the rapid expansion of retail outlets in Canada, this well-timed sales agent agreement enables us to accelerate our retailer market coverage and build on our existing distribution to 85 percent of cannabis retailers across Canada.”

To view the full press releases, visit http://cnw.fm/lLHM3 and http://cnw.fm/khX4a

About Supreme Cannabis.

The Supreme Cannabis Company, Inc., (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the Company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The Company’s brand portfolio includes, 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including, scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

NOTE TO INVESTORS: The latest news and updates relating to SPRWF are available in the company’s newsroom at http://cnw.fm/FIRE

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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USA CBD Expo 2020 Agenda Features Demos, Presentations from Top Industry Leaders, Pioneers

February 13, 2020

February 13, 2020 13:07:10

Those who think the CBD industry is only vape cartridges and gummies should head to Las Vegas for Valentine’s Day weekend. Joining the CBD community as it congregates at USA CBD Expo, set for February 13-15, 2020, at the Las Vegas Convention Center, these CBD enthusiasts may discover that they have been barking up the wrong tree.

USA CBD Expo, perhaps the best-known event in the industry, is designed to reveal the breadth and sophistication of the sector by showcasing everything from pioneering startups to industry stalwarts. This widely anticipated trade show will feature some 500 branded products from more than…

For more information, visit the event’s website at www.USACBDExpo.com

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CannabisNewsBreaks – Holy Herb, Creator of First and Only Products Combining CBD and Santa Yerba, to Participate in Upcoming USA CBD Expo

February 13, 2020

February 13, 2020 11:58:27

Holy Herb, LLC, a Santa Clarita, California-based provider of high-quality products combining full spectrum hemp extracts and the Santa Yerba herb cultivated on its farm, today announced its participation in the upcoming USA CBD Expo. The event is slated to take place at the Las Vegas Convention Center in Las Vegas, Nevada on Feb. 13-15, 2020. The Holy Herb(TM) Products will be available in booth 152, and the company will be offering free samples of Holy Herba Honey(TM), Holy Herb(TM) Pain Relief Spray and Holy Herb(TM) Pain Relief Cream throughout the three-day event. “Our unique products are the very first to combine high-grade full spectrum hemp extracts with Santa Yerba, which was first utilized by Native Americans for thousands of years due to its vast healing properties,” Dustin Arklin, co-owner of the Holy Herb(TM) Brands said in the news release. “The Santa Yerba Herb grows throughout the mountains of Southern California. After 10 years of Lab R+D and formulation, we carefully have cultivated in our growing fields enough Santa Yerba herb to satisfy our commercial production requirements.”

To view the full article, visit http://cnw.fm/Lktw6

About Holy Herb Brands

Holy Herb(TM) is a fully tested pain relief spray and cream unlike any other on the marketplace. Using his unique aging and extracting process, Dr. Nalbandyan and his team at Holy Herb Brands have created the first and only product made with high-grade hemp and Santa Yerba, “The Holy Herb.” Santa Yerba grows naturally throughout Southern California and was used by Native Americans for thousands of years for the same reasons that people use cannabis today. They would put it in their tea, make lotions, and smoke the herb. Native Americans named the plant “The Holy Herb” because of its many medicinal benefits. They would use the herb topically to help sooth mosquito bites, rashes, bruises, wounds, sprains, muscle aches, joint pain and more. They would also brew tea with “The Holy Herb” to make a great tasting natural antioxidant that helps treat fevers and coughs. These two herbs combined together create a highly potent pain relief spray that delivers fast and sustainable results. For more information, visit www.HolyHerb.com.

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CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Announces Reshaping of its Board of Directors

February 13, 2020

February 13, 2020 11:01:46

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, today announced the reshaping of its Board of Directors. According to the update, effective February 11, 2020, in order to maintain compliance with The Nasdaq Capital Market’s corporate governance requirements and, specifically, Listing Rule 5605(b) which provides that a listed company’s board of directors shall be comprised of a majority of independent directors, Michelle Wallach and Richard Renton, two non-independent members of the Board of Directors of YGYI resigned as members of the Board of Directors of the company. Youngevity International CEO Steve Wallach will continue as a board member and will remain the Chairman of the Board and Youngevity President and CFO Dave Briskie will also remain on the Board of Directors. “Compliance with Nasdaq Corporate Governance requirements remains of utmost importance to our company and this will continue as a high priority for the company,” Youngevity CEO Steve Wallach said in the news release.

To view the full press release, visit http://cnw.fm/t3Z9d

About Youngevity International

Youngevity International, Inc. (NASDAQ: YGYI), is an multi-channel lifestyle company operating in 3 distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity, YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit www.YGYI.com.

NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI

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CannabisNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roaster’s Café La Rica Remains Official Cafecito of Miami Marlins

February 12, 2020

February 12, 2020 11:25:35

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, today announced that its wholly-owned subsidiary CLR Roasters is continuing its successful partnership with Major League Baseball’s Miami Marlins. According to the update, Café La Rica(R) Gourmet Espresso will continue as the Official Cafecito of the Marlins for all 2020 season home games. Café La Rica will be served on site at Marlins Park in the home opener on March 26 when the Marlins play the Philadelphia Phillies. “This partnership continues a great, long-standing relationship between the Miami Marlins and one of Miami’s most authentic brands,” Marlins Head of Partnership Development and Strategy David Oxfeld said in the news release. “We know our fans love cafecito time and we’re excited that our friends at Café La Rica will join us in our commitment to deliver a first-class fan experience.”

To view the full press release, visit http://cnw.fm/b5sE0

About Youngevity International

NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI

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420 with CNW – Colorado State University to Offer Degree in Marijuana

February 12, 2020

February 12, 2020 04:20:08

Colorado State University is launching a degree in marijuana after receiving state approval for the program on Friday.

Starting this fall, Colorado will be offering Cannabis, Biology, and Chemistry to undergraduate students wishing to study the science of the crop to ensure success in the industry, local media reported. The marijuana program is similar to a double major in biology and chemistry and features a lab permitted to cultivate industrial hemp to allow students to use…

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420 with CNW – Poll Shows Most Kentuckians Support Legalizing Pot

February 11, 2020 16:20:06

Support for marijuana legalization has changed dramatically over the last few years, with more and more states legalizing either medical or recreational marijuana. However, some states are more conservative than others; for instance, in Kentucky, cannabis is not legal either for medical or adult-use purposes.

However, a recent survey by Kentucky Health Issues Poll (KHIP) in 2019 showed that in the last decade, support for marijuana legalization has been rising within the state. And it was the first time more than half of the residents of Kentucky who were surveyed said that they were in favor of…

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CannabisNewsBreaks – CannabisNewsWire Re-Engaged to Spread the Word for Beverage Trade Network’s Cannabis Drinks Expo

February 11, 2020 13:25:57

CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company part of the InvestorBrandNetwork (“IBN”), today announced that it will serve as the official newswire for the Beverage Trade Network’s Cannabis Drinks Expo. The expo, considered a must-attend event series for anyone curious about the emerging industry, is slated to take place at two different locations this year—July 30 in San Francisco and August 3 in Chicago. The events are geared to prime attendees with critical information on a variety of important topics and will both offer invaluable information and networking opportunities. “We have been very pleased with CannabisNewsWire,” Beverage Trade Network CEO and Founder Sid Patel said in the news release. “Their team continues to impress with well-written press releases and syndicated articles as they work to spread the word about the Cannabis Drinks Expo to many new audiences. We are happy to once again work alongside them to increase exposure of our upcoming events in July and August.”

To view the full article, visit http://cnw.fm/qHRO8

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Closes Agreement to Acquire Significant Stake in Sacramento-Based Budcars Cannabis Delivery Service

February 11, 2020 12:00:57

Sugarmade (OTCQB: SGMD) today announced the closing of an agreement to acquire a significant stake in Sacramento-based Budcars Cannabis Delivery Service, owned by Indigo Dye Group Corp. According to the update, Sugarmade will acquire 40% of Budcars for $700,000 and will be granted an option to purchase an additional 30% stake, providing Sugarmade with a controlling interest in the growing delivery service, which serves the greater Sacramento, California metropolitan area. “Many of us have seen the multitudes of negative news stories about problems in California’s regulated cannabis industry. While there certainly are issues, there are also many positive changes happening as state regulators fine-tune the system,” Sugarmade CEO Jimmy Chan said in the news release. “One of these positive changes is the ongoing crackdown on illegal black-market operators, who have made it difficult for licensed operators to make profits. As illegal operators are driven out of the market, companies like Budcars will have meaningfully improved business fundamentals. While this was an important consideration relative to our investment, we are also excited about many other aspects of the Budcars business and its future growth prospects.”

To view the full press release, visit http://cnw.fm/mx1Nh

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420 with CNW – Study Finds Business Innovation and Profits Go Up After Marijuana Legalization

February 11, 2020 04:20:14

New research shows that in the U.S., many states have been experimenting with different forms of marijuana legalization. The study found that businesses are thriving in states where marijuana is legal.

Researchers at the University of Iowa embarked on a study of the impact of legalization on the economy, and they analyzed 9,810 corporations between 1991 and 2017. The researchers found that after the legalization of medical marijuana, the states experienced…

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420 with CNW – Netflix Bows to Singapore Government Pressure to Block Marijuana Shows

February 10, 2020 16:20:13

The majority of us got to see the humanization of marijuana users through film and television, but Singapore is working to make sure that its citizens would not be able to access films with marijuana content. According to a new report issued by Netflix, the company has removed all movies that have marijuana contents as a move to comply with several demands made by the government of Singapore. This included three-pieces of marijuana-themed shows known as Cooking on High, The Legend of 420, and Disjointed.

They also removed Martin Scorsese’s films that had overt drug use and partying themes such as The Last Temptation of Christ and a Brazilian comedy, The Last Hangover. Netflix further disclosed that since 2015, it has received a total of nine take-down…

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O’Cannabiz Conference & Expo to Showcase Star-Studded Cast at International Centre

February 10, 2020 12:04:52

On its return to Toronto, O’Cannabiz Conference & Expo will be featuring a celebrated cast of cannabis champions, crusaders and campaigners. As with last year, Canada’s premier cannabis event will once again be offering invaluable content and impressive speakers as the conference gets going April 23-25, 2020, at the International Centre in Mississauga, Ontario.

The speaker lineup includes famed Dame Olivia Newton-John, Michelle Romanow, Rachel Rapinoe and Shaun O’Neale, all of whom are well-known cannabis evangelists. The three-day trade fair includes a business conference, an industry awards gala and more than 400 expositions. Over 7,500 cannabis aficionados, advocates and…

For more information, visit the event’s website at www.OCannabiz.com

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Featured in iGrow News Article that Describes Capabilities of Controlled Environment Micro-Farms to Produce Food That Is “Better Than Organic”

February 10, 2020 11:58:03

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, today announced that it was featured in an iGrow News article that indicates new Controlled Environment Micro-Farms, such as GrowPods, produce food that is “better than organic.” According to the publication, huge misconceptions surround organic food. Organic farms can use certain pesticides, despite popular belief, and the labeling of organic food items can cause confusion because some may contain only a percentage of organic ingredients. The article reads, “Controlled Environment Micro-Farms allow growers to cultivate fruits, herbs, and vegetables in a sealed environment that virtually eliminates the need for pesticides and harmful chemicals.” The article further states that these tightly managed ecosystems “provide higher quality food that’s grown closer to where it will be consumed, which means food arrives ripe and ready to eat, with less cost and environmental impact.”

To view the full press release, visit http://cnw.fm/0rSs2

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420 with CNW – Colorado Unveils Plan to Ease Banking Access for Marijuana Industry

February 10, 2020 04:20:12

On Monday, Colorado Governor Jared Polis unveiled a plan through which he seeks to increase the number of financial institutions conducting business with the legal marijuana industry.

Rep. Ed Perlmutter joined Polis at the press conference for announcing the new legislation “Roadmap to Marijuana Banking and Financial Services.” The Assembly-led legislation was sponsored by Perlmutter, and the legislation’s aim is to protect financial institutions from being punished for…

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420 with CNW – Feds Worried International Cannabis Rescheduling Could Force Their Hand

February 7, 2020 16:20:11

An upcoming vote seeking to loosen international restrictions on cannabis has the U.S. federal government worried as it could reinforce marijuana legalization efforts. Media outlets obtained a government document that was released last year by the United Nations’ (UN) World Health Organization (WHO). The report was discussing a series of marijuana policy recommendations in the U.S. The policies discussed include the removal of marijuana from Schedule 1 of controlled substances under an international treaty as well as rescheduling some cannabinoids.

Last year, the UN’s Commission on Narcotic Drugs was expected to vote on WHO’s reclassification recommendations and decide if they should move forward with them. The UN’s Commission on Narcotic Drugs comprises of 53 member nations. The vote, which may take place…

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USA CBD Expo 2020 to Offer Opportunity to Sample Products, Features 300+ Vendors

February 7, 2020 13:33:57

When the nation’s most popular CBD/hemp trade show – USA CBD Expo 2020 – opens its doors in Las Vegas, it may well turn out to be a veritable Garden of Eden for the CBD community. Slated for February 13-15, 2020, USA CBD Expo will take place at the Las Vegas Convention Center and feature products from more than 300 exhibitors on display.

The leading exposition will shine a spotlight on some familiar brands, as well as a number of lesser-known labels. A large throng of growers, retailers, buyers and members of the public are expected to attend, just as they did at last year’s inaugural convention in Miami, which attracted over 13,000 experts and…

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Expands Management Team as it Pursues Aggressive Growth Plans

February 7, 2020 09:55:40

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, today announced that it is adding to its management team and making changes to its Board of Directors. According to the update, the company appointed Christina Kane as its Director of Sales. Kane has extensive business development experience and global manufacturing expertise, having served as director of a major franchise with over 300 stores and established distribution channels in 40+ countries. “Adding Christina to our team will help the company ramp up sales and increase distribution channels,” GP Solutions President George Natzic said in the news release. “We look forward to her contributions as we pursue our aggressive growth plans.”

To view the full press release, visit http://cnw.fm/5MkQ4

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420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January