Archives: CannabisNewsWire

Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) today announced its attendance at the second annual Cannabis Capital Conference, taking place in Miami Beach, Florida from January 15-16. CNW is serving as a media sponsor and the official newswire of the conference, hosted by leading financial media outlet Benzinga. “The Benzinga Cannabis Capital Conference is a premier convention in the cannabis space, and we are pleased to be part of heightening its awareness throughout the investment community,” CannabisNewsWire Communications Director Jonathan Keim stated in the release. “This conference draws leading cannabis innovators, investors and entrepreneurs from all across North America, and it is a privilege to attend and network among them.”

To view the full press release, visit http://cnw.fm/Ld5m0

About Benzinga

Benzinga is a dynamic and innovative financial media outlet that empowers investors with high-quality, unique content that is coveted by Wall Street’s top traders. Benzinga provides timely, actionable ideas that help users navigate even the most uncertain and volatile markets – in real-time with an unmatched caliber. From breakouts to unusual volume, analyst ratings, futures and options, Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles. For more information, visit www.Benzinga.com.

About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

CannabisNewsWire Editorial Coverage: The 2018 U.S. Farm Bill changes the way that CBD-based products are legally classified. If the federal government permits the sale of cannabis-sourced products online, established companies in the space could reap huge rewards.

• The legalization of cannabis in Canada and some U.S. States has demonstrated the latent demand for cannabis-based products.
• CBD is used to make numerous products and its potential uses are growing.
• Research suggests that the market for CBD products could grow to an estimated $22 billion over the next four years.

SinglePoint Inc. (OTCQB: SING) (SING Profile) is in a good position to take full advantage of the changes in how CBD products are regulated. Major producers such as Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), Aphria Inc. (NYSE: APHA) (TSX: APHA), Medical Marijuana Inc. (OTC: MJNA) and OrganiGram Holdings Inc. (OTCQX: OGRMF) (TSX.V: OGI) are also well-placed to expand into…

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About CannabisNewsWire

CannabisNewsWire (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.

Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000

For more information please visit https://www.CannabisNewsWire.com and or https://CannabisNewsWire.News

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

Voters in Missouri voted to legalize medical marijuana during the midterms last year and now the state is planning to have a medical marijuana business conference and expo in March this year.

The trade show has been dubbed MoCannBizCon+Expo and it is slated to take place on March 11-12 in St. Louis at the Union Station.

The trade show is being organized by the Medical Cannabis Trade Association. Between 1,000 and 1,500 people are expected to attend this first of a kind event in the state.

The organizers plan to use this event as a platform to educate people about how they can take part in this industry that has just been legalized.

According to the information available, the keynote speaker during the trade show will be Lyndall Fraker, the newly appointed director responsible for medical marijuana in the Missouri Department of Health and Senior Services.

The Department of Health and Senior Services is mandated to oversee the implementation of the medical marijuana program in the state.

Meanwhile, the new legislative session in Missouri is slated to commence tomorrow (Wednesday), but 10 bills connected to marijuana have already been filed.

Under the law that voters overwhelmingly supported, Missouri residents can get prescriptions for medical marijuana from their physicians if those residents suffer from one of the qualifying conditions listed, such as cancer, PTSD, chronic pain and other debilitating conditions.

At the moment, patients aren’t able to apply for medical marijuana cards, but this should happen latest early summer (by June 4). DHSS (Department of Health and Senior Services) is mandated to screen the applications and issue the cards.

In the meantime, patients can talk to their doctors about medical marijuana and whether it can be a useful addition to their treatment plans.

The law gives legal protections to patients and their doctors from any prosecution or sanction of any kind arising from their association (prescription or use) with medical marijuana.

Those protections are just one of the things that trade show attendees will be educated about. Leaflets and other educational resources will be handed out during the trade show so that residents get adequate information about how they can benefit from this industry.

The trajectory taken by Missouri to implement its medical cannabis program is more surefooted and fast when compared to the approach other states, such as New York, took to get their programs on the ground. New York took about a year and a half to start availing medical cannabis to patients.

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF), Earth Science Tech, Inc. (OTCQB: ETST) and the entire cannabis industry are pleased that Missouri is exhibiting such steadfastness in getting the program started.

About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

While Gov. Andrew Cuomo says that a law legalizing recreational marijuana is likely to be passed this year, legislators still have a lot to do before the details of what form legalization will take shape up. The following issues are some of the sticking points that are likely to generate a lot of debate as a law is finalized.

What Role Will Local Governments Play?

You cannot think about legalizing adult-use marijuana without considering how to factor in local governments. It isn’t yet clear whether the law that will be passed will give local authorities any power to accept or refuse recreational cannabis businesses in their jurisdiction. California granted local authorities the right to determine whether retail outlets will operate in their jurisdictions or not.

However, Massachusetts took a different approach and centralized the issuance of retail licenses. Either approach has its own pros and cons. For example, California licensed hundreds of retail outlets while only a handful are so far open in Massachusetts. So, which direction will New York take on this matter?

How Much Tax Will Be Imposed?

The issue of taxes is a major one because taxes are one of the reasons why proponents have been advocating for the legalization of recreational pot across the U.S. However, it is hard to build consensus on what rate should be used to tax recreational marijuana.

While a low rate is attractive and can pile pressure on the black market, it has the downside of potentially failing to raise sufficient revenues to meet the cost of regulating the industry as well as fund other state priorities, such as rebuilding the aging infrastructure.

Conversely, a high tax rate has the potential of generating the target revenues for the state, but will buyers play along? Price-sensitive consumers may find it easier to drive to nearby states for more affordable cannabis, or they may opt for the black market. Then, where will the tax money be spent? Opinions abound on this matter as well.

How Will the Market Be Regulated?

Numerous proposals have been fronted regarding how or more specifically who should oversee the recreational marijuana industry. Some people think that the Department of Health should be in charge since it is already handling medical cannabis. Others are of the opinion that a new body should be built from the ground up just for the recreational market.

Which way this debate finally goes may determine how soon New Yorkers can legally buy recreational marijuana within the state.

Where Will the Cannabis Be Consumed?

It is also not yet clear where and how the recreational cannabis will be consumed. For example, will it be acceptable for adults to smoke a joint in public, or will they be restricted to doing so in the privacy of their homes? Will cannabis cafes similar to what is in Amsterdam be permitted in New York? Will edibles and concentrates be legal as well, or these will be addressed later?

As you can see, the legislators have their work cut out. New Yorkers, and industry players like Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) as well as ChineseInvestors.com (OTCQB: CIIX) hope that a speedy resolution to all the sticky questions is found so that New Yorkers don’t have to wait for too long before they can access marijuana legally.

About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

CannabisNewsWire Editorial Coverage: The market for cannabidiol (CBD) beverages alone could achieve a value of $260 million in the United States by 2022. CBD beverages form part of an even wider market for marijuana-infused drinks that is predicted to reach a value of $600 million in three years’ time.

• U.S. market for CBD and THC beverages could reach $600 million by 2022.
• Cannabis-infused drinks could outperform other cannabis products.
• Non-cannabis and cannabis companies alike are joining this new market.

Savvy companies are looking to position themselves in this burgeoning market, often by partnering with companies that provide invaluable experience in the sector. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile), an established omni-direct lifestyle company, has formed a cross-marketing agreement with a bottled spring water company, which will see the pair develop new products including a ready-to-drink CBD beverage. Tilray Inc. (NASDAQ: TLRY) is partnering with the world’s largest brewer in a $100-million joint venture to research cannabis-infused nonalcoholic drinks. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) recently received a $4 billion investment from a leading beer maker. Other companies are looking to grow in additional cannabis spaces. Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) recently received a license from Health Canada permitting the sale of…

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About CannabisNewsWire

CannabisNewsWire (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.

Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000

For more information please visit https://www.CannabisNewsWire.com and or https://CannabisNewsWire.News

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

There were fears that the legalization of adult-use marijuana in different U.S. states would trigger a decline in alcohol sales as consumers switch to marijuana instead of taking alcohol. Numerous reasons, such as the hangovers associated with alcohol consumption, were cited as factors that would impact alcohol sales once cannabis was legalized. However, a recent study conducted by the Distilled Spirits Council has found that no such slump in sales has occurred in the three states where recreational cannabis has been legal for the longest time in the U.S.

The alcohol trade association reported that the trends in alcohol sales remained consistent regardless of marijuana legalization in Washington, Oregon and Colorado.

The Distilled Spirits Council analyzed the per-capita alcohol consumption data in the three states from two years before legalization occurred to four years after legalization.

The data showed that the sales of spirits increased by 3.6 percent in Oregon and 7.6 percent in Colorado.

However, wine did not fare the same way in all the three states. Washington registered a drop in sales during the time studied by the Council. At the same time, an upward trend was noticed in wine sales in Oregon and Colorado.

Beer sales have generally been declining for over a decade, and the analysts weren’t surprised to find that beer continued to lose its market share to spirits and wine even after marijuana became legal for adult-use in the three states.

Vivien Azer, one of the analysts who pored over the alcohol sales data commented that lower-end beers faced the greatest risk of losing their market share because they were largely consumed by lower-income Caucasian men who often faced a choice between buying cannabis and taking a beer. The data shows that cannabis is emerging as the winner when such a choice has to be made.

Wines and distilled spirits appeared to be insulated from such pressures because they tend to be consumed by higher-income earners who can afford to consume marijuana and their favorite alcoholic drink. Besides, cocktails are increasing in popularity among women, so that demographic alone can keep the sales of wines and spirits up.

All the same, many industry watchers are cautioning that it is still early days to conclude that marijuana will not eat into the market share of alcohol. Different generations and demographics are likely to respond differently when marijuana becomes an option for them. As recent polls show, marijuana is clearly becoming a favorite across the board. Industry players like Canopy Rivers Inc. (TSX.V: RIV) and Cannabis Strategic Ventures, Inc. (OTC: NUGS) hope that such goodwill translates into the spending of disposable income on marijuana.

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

While 2018 can be described as a huge year for marijuana in many ways, 2019 promises to yield even bigger strides for the industry. Investors who are planning to get in on the action this year should pay attention to three important factors that are likely to have an impact on the price of marijuana stocks. This article discusses those factors.

Changes to U.S. Marijuana Laws

There have been concerted efforts to get the U.S. federal government to modify its marijuana laws. So far, nothing has happened yet. However, the new House of Representatives that started its work at the start of this month seems poised to pass some legislation that will change the legal landscape for marijuana. Efforts are also ongoing in the Senate to build consensus around marijuana law reform.

Should any change be made, several companies are poised to register big wins since they will be able to attract more investors. For example, the passing of a law that recognizes the right of states to enact their own marijuana laws can ease the jitters of many potential investors in the industry. Needless to say, the rescheduling of marijuana at the federal level can cause major activity in the market for marijuana stocks.

Growth and Expansion in the Canadian Recreational Market

The Canadian recreational market is still in its infancy, but even then, the demand has overwhelmed the growers there and they are scrambling to step up their production in order to meet the huge demand.

Be that as it may, many more aspects of the market, such as concentrates and edibles, are yet to be legalized. The passing of the appropriate legislation for those other products will cause a significant stir in the market. The companies that have primed themselves to bring additional products, such as edibles, will command a huge share of the market. Savvy investors should therefore do their homework and identify the companies that have positioned themselves properly to jump in first once the door is opened.

Big Deals

In 2018, the marijuana industry saw some major deals between cannabis companies and entities outside the industry. For example, Constellation Brands concluded a big money deal with Canopy Growth. Cronos Group also received a huge investment from tobacco giant Altria. Those deals caused major price movements in the stocks of the two cannabis companies, and more deals can be expected this year.

Remember, last year ended when there were rumors that some beverage makers, such as Coca-Cola, were in talks with Canadian marijuana companies. Nothing came of those rumors, but don’t discount them just yet. Other companies are also poised to strike deals with big brand entities that are looking to get a foot into the marijuana industry. The investors who correctly identify and buy shares in companies that eventually put pen to paper will smile all the way to the bank when they ride the wave that will carry the stocks of those companies upwards as a result of the deals struck.

The marijuana industry has rightly been lauded as good for everyone (patients, the taxman, employees, investors and recreational users). Read the factors above correctly when making an investment decision and you too will join the ranks of those who are benefiting from the industry. That is what industry players like Youngevity International, Inc. (NASDAQ: YGYI) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) want for every investor.

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
[email protected]

In true Las Vegas fashion, the record for the most expensive cannabis product ever sold (so far) has gone to a cannabis dispensary where a restaurant owner bought a “cannagar” (a cigar that contains marijuana instead of tobacco) at $11,000.

This record-breaking purchase was made by Brandon Hawkins after he flew to Las Vegas from Los Angeles with the sole purpose of buying this specialty product.

The scene of this purchase was Nuwu Cannabis Marketplace found on tribal land. The cannagar was wrapped in a 24-carat gold leaf, part of the reason why it was so expensive.

Brandon Hawkins said that he was buying the expensive product on behalf of a business partner that wished to remain anonymous. The sale took place on December 28, just in time for Brandon Hawkins and his unnamed business partner to secure a unique way to celebrate New Year’s Eve.

Hawkins paid for the product by handing Joe Delarosa (a budtender, who had been expecting him on that day) stacks of $20 bills. The two men shook hands, and the deal was closed.

Interestingly, this purchase took three months to arrange. First, Hawkins was intrigued by a similar cannagar that was bought in June 2018 at $10,000.

Hawkins had spent more than a decade working in Las Vegas before he moved to LA. One of his workmates during his stint in Las Vegas was Ranson Shepherd.

Shepherd co-founded Virtue, a Las Vegas cannabis grower. It was therefore no mistake when Hawkins contacted Shepherd after hearing about the $10,000 cannagar. Shepherd reached out to Leira, the Washington-based maker of the cannagar sold in Seattle.

Shepherd and Ariel Payopay (of Leira) agreed to form a partnership that would see the cannagars produced by Leira sold in Las Vegas. The sale of the record-breaking cannagar marked the official launch of Leira’s cannagar sales in Las Vegas.

Las Vegas is likely to witness such high-end purchases more frequently when cannabis lounges open in the city. The tribe that owns Nuwu Cannabis Marketplace also received a gift of a smaller version of the cannagar purchased by Hawkins. The gift was from both Virtue and Leira as a token of thanks for what the tribe is doing to spur growth in the cannabis industry.

Does an $11,000 cannagar taste better than a cheaper version? Maybe yes, maybe no. However, this video explains that our minds trick us into believing that costlier products are of superior quality. So, don’t have any harsh words for Hawkins and his business partner! After all, that purchase is good for the industry because it is pushing cannabis culture in a whole new direction, exactly what industry players, including TransCanna Holdings Inc. (CSE: TCAN) and Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) want.

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About CannabisNewsWire

CannabisNewsWire (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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The U.S. federal government has plans to give researchers $1.5 million to study the minor components of cannabis and the terpenes in the plant during the 2019 funding cycle. The money will go to researchers who want to study how cannabis components, excluding THC, affect pain management.

NCCIH (National Center for Complementary and Integrative Health) published a notice asking researchers to show interest in studying terpenes and minor cannabinoids. The funding will go towards understanding how those minor cannabinoids and terpenes work to relieve pain either in isolation or in combination with each other.

The notice published by NCCIH stressed that such studies are important given the fact that addictive opioids are widely used to combat pain.

THC, the psychoactive cannabinoid in marijuana, is known to have pain-relief effects. However, little is known about the analgesic effects of the minor cannabinoids and terpenes, and yet these could be useful alternatives as painkillers.

The federal agency also wrote that there was some research showing that cannabis could enhance the ability of opioids to relieve pain, so it is possible that cannabis constituents may be used in combination with opioids to manage pain effectively while using smaller doses of the opioids.

NCCIH then listed the cannabinoids it is greatly interested in. These include cannabidiol (CBD), cannabinol (CBN), cannabigerol (CBG) and several terpenes.

The agency is interested in finding out whether those cannabis constituents with analgesic attributes can be separated from the psychoactive ones without affecting the painkilling benefits of the analgesic elements.

Additionally, the agency listed a number of research areas for which applicants could apply for funding. For example, NCCIH will consider applicants who want to study how gender, sex and age differences impact the analgesic effects of minor cannabinoids and terpenes.

Secondly, the agency welcomes researchers who plan to focus on the analgesic effects of terpenes and minor cannabinoids on the different stages of pain, such as acute pain and chronic pain.

Another potential area of study is the effect of different dosage levels or methods of administration of terpenes and minor cannabinoids that have been found to have painkilling effects.

In total, 11 areas of research are included in the notice released for those who may be interested in securing federal funding for their research on cannabis.

Four grant recipients will share the $1.5 million. Interested groups or researchers were asked to submit their applications a minimum of 30 days before March 15. One can only guess that the 30 days before that deadline will be used to evaluate the applications and select those who will receive the research grants.

Such funding is a step in the right direction because it will enable the federal government to make marijuana policies and laws based on facts rather than conjecture. Industry players like The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) and The Flowr Corporation (TSX.V: FLWR) applaud the effort made to facilitate cannabis research.

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Did you, in your wildest dreams, ever imagine that the start of your business venture would depend on the outcome of a lottery? Well, that is exactly the fate awaiting cannabis retail license applicants in Ontario, Canada. The provincial government led by the Progressive Conservatives has decided to use a lottery to select the first 25 private entities that will be allowed to open marijuana retail businesses.

Previously, the province had resolved to sell recreational cannabis in government-run retail outlets only. However, the change of government towards the end of the year resulted in a modification of that plan, thereby giving private players a chance to take part in the retail segment.

That change of government, and the resultant decision regarding how cannabis will be sold, led to a delay of the start of retail sales in brick and mortar outlets. For now, residents of Ontario can only buy cannabis from the online stores that have been operating since legalization took place on October 17.

The retail license applicants should not worry that the lottery equipment will be rigged. The system to be used during this lottery (that can make or break businesses) is the same system used by AGCO (Alcohol and Gaming Commission of Ontario) to test all slot machines before they are installed for use in casinos.

This particular lottery comes at a steep cost for those who want to participate. First, they were required to pay $75 as an application submission fee. Additionally, the applicants also forked out $4,000 as a retail authorization fee in addition to another $6,000 as payment for a retail operation license. To crown it all, each applicant was required to present a $50,000 letter of credit to prove that they had the financial ability to operate a cannabis retail outlet.

The applications were submitted between January 7 and January 9. AGCO will select the winners tomorrow (January 11). This round of the selection process excluded LPs (Licensed Producers of cannabis) in order to prevent a single entity from controlling the retail market.

AGCO had also warned that only serious entities or individuals should enter this lottery because stiff penalties will be imposed on those who don’t open their businesses by April 1. For example, a fine of $12,500 will be imposed if they don’t open their outlets by that date. A similar fine will apply if the business isn’t operational by 15th, and then a larger fine of $25,000 will have to be paid if the month ends when a licensed business hasn’t opened its doors to the public. In short, prepare to pay a fine of $50,000 if April 30 finds that your retail business isn’t operational.

Meanwhile, the supply shortages don’t show any sign of ending, and that is why AGCO decided to issue only 25 retail licenses instead of the 40 they had originally wanted to issue. Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and other players like Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) hope the supply issues get resolved so that offline retail sales can take off without a hitch in Ontario.

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CannabisNewsWire (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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Canada is slated to legalize cannabis edibles sometime this year and the population is filled with excitement regarding these products. However, if the trend in the U.S. states where edibles are legal is anything to go by, then edibles will not be the biggest moneymaker. Something else, concentrates, will be king of the market.

For example, edibles fetched $685 million from the start of 2018 to October the same year in Oregon, Colorado, California and Arizona. However, the same period saw consumers spending approximately $1.4 billion on marijuana concentrates.

The bulk of that money spent on cannabis concentrates was for marijuana vape pens and cannabis oil cartridges. These items alone accounted for $972 million in the months referred to earlier as captured in the statistics collected by BDS Analytics.

In the cannabis industry, vape pens are the modern or better version of cannabis joints in the same way that electronic cigarettes provide a better way to get your nicotine hit when compared to smoking a combustible cigarette.

Cannabis vape pens are discreet, not smelly and they are user-friendly when compared to the hassles that one has to go through to roll and light a joint.

The other cannabis concentrates on which Americans in the states named earlier spent money were hash oil, wax and shatter. These particular kinds of concentrates are intended for “dabbing.”

Thus, the evidence from the U.S. shows that cannabis concentrates are likely to fetch more money than the edibles that everyone is excited about.

These findings are given further credence when one considers the responses of ordinary people to different cannabis products. Many people will be more willing to try a vape pen rather than taking a puff on a joint if those people haven’t consumed cannabis before.

Interestingly, data from Canada shows that people have been consuming marijuana concentrates for a while. For example, a 2018 survey of approximately 13,000 cannabis consumers revealed that 26 percent had ever used hashish while 19 percent admitted that they had ever used a solid form of marijuana concentrate.

People opposed to cannabis edibles claim that these products will dominate the market and open the gate to the misuse of cannabis. However, the data collected over time shows that even if edibles grow in popularity, they will always fall behind concentrates and the dried bud in terms of market share.

Industry watchers and participants like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and SinglePoint, Inc. (OTCQB: SING) are waiting to see how events play out once edibles become legal throughout Canada.

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About CannabisNewsWire

CannabisNewsWire (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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Related Editorial
Moments prior to signing a historic 2018 Farm Bill and effectively legalizing industrial hemp, President Donald Trump tweeted out a video of his performance at the 2005 Emmy Awards, singing the song “Green Acres.” Having already passed through the House of Representatives and the Senate, the bill was met with much fanfare across nearly the entire cannabis sector, including benefactors such as Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGB Profile), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Harvest Health and Recreation (CSE: HARV) and MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF).

To view the full editorial, visit http://cnw.fm/z8mMK

To hear the CannabisNewsAudio version, visit http://cnw.fm/DkqS7

About Green Growth Brands

Green Growth brands expects to dominate the cannabis and CBD market with a portfolio of emotion-driven brands that people love. Led by Peter Horvath, the GGB team is full of retail and consumer packaged goods experts with decades of experience building successful brands. Join the movement at www.GreenGrowthBrands.com.

About CannabisNewsWire

CannabisNewsWire (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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The Department of Health in Rhode Island has scheduled a public hearing early next month to collect views about a petition that calls for cannabis to be used to help people wean off prescription opioids.

Prescription opioid overdoses were found to be responsible for the death of 336 people in 2016 while the number of such fatalities in 2017 was 323. From the start of 2018 to September 2018, the fatalities from prescription overdoses were 220.

The public hearing will take place on February 6 starting at 10a.m at the auditorium of the DOH. Thereafter the department will review the feedback that it collects from different stakeholders before reviewing the available medical literature on the use of medical cannabis instead of prescription opioids.

The Department of Health will also contact clinicians and different researchers in order to learn what their opinion is on this matter.

Finally, a definitive decision on the petition will be made by the Department of Health. The law stipulates that a final decision has to be made on such petitions within 180 days from the time that the petition was received. This means that a final decision should be made by April 15 since the petition was received in October last year.

If Rhode Island decides to approve the use of medical cannabis in the place of prescription opioids, the patients may most likely consume their cannabis as edibles. However, people will also be free to smoke it or apply it topically as an ointment.

The CDC estimates that countrywide, more than 72,000 people died from opioid overdoses in 2017 alone. That figure was 10 percent higher than the opioid fatalities recorded in 2016. There is no sign that this trend of opioid dependency and overdoses will slow down soon, so there is an urgent need to find ways to deal with the crisis.

The outcome of the petition in Rhode Island may well hold the key to turning the tide on this epidemic since there are indicators that cannabis can help people to deal with chronic pain. If Rhode Island proves that this is the case, then a major revolution will take shape starting with the states where medical cannabis is legal, and spreading to the others where medical cannabis is yet to be legalized. Who knows, the federal government may eventually rethink its position on medical cannabis.

For now, the focus is on the upcoming public hearing and the eventual decision that will be made. Industry players like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and Plus Products Inc. (CSE: PLUS) hope that the hearing and the analysis thereafter brings an outcome that is in the best interest of patients.

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CannabisNewsWire (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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Iowa legalized medical cannabis in 2014, but the rate at which the state has adapted to the changing realities of the industry is so slow that many have been left frustrated by how oblivious the state legislature is to the things that laypeople see every day. Of specific concern are the three issues below.

The Number of Licensed Dispensaries

The entire state of Iowa has only five medical cannabis dispensaries from which patients can legally acquire what they need for their health challenges. For example, Cedar Rapids doesn’t have any licensed dispensary within its borders and yet this is the second largest city in the state. How is it possible that no dispensary is located there and yet there is no local bylaw banning cannabis businesses from operating there?

This just goes to show that the authorities didn’t consider the demand for medical cannabis when passing the law that restricted the number of licensed dispensaries to just five. What they may not know is that such a limit can unwittingly encourage the black market to thrive in the state since the illicit supply can easily reach every corner of the state.

The Cap on THC Levels

The regulations in place limit how much THC medical cannabis can contain to 3 percent. THC is the cannabinoid that makes people “high”. The board overseeing the medical cannabis program voted unanimously to retain the 3 percent limit on THC for another year or two before revisiting the matter.

While it may be reasonable to set a limit on how much THC people consume when they buy medical cannabis, such a limit should not be so low that patients will be compelled to consume a larger quantity of cannabis in order to get the desired effects.

It would be better for the authorities to provide a rationale for that 3 percent THC limit and get feedback from experts and the public on the same before enacting it into law. As things stand, patients may be compelled to spend more money buying a larger quantity of cannabis since there is no cap on the quantity they can buy.

The Qualifying Conditions

Iowa is operating as though it is the first state to legalize medical cannabis and yet there are several precedents to learn from. California is reputed to have some of the strictest regulatory controls not just for medical cannabis but for everything else. However, California created a list of dozens of conditions for which medical cannabis could be bought long before recreational cannabis was legalized.

Iowa started by allowing medical cannabis for only epilepsy, then eased up a bit in 2017 to include a few more conditions. What is baffling is that post-traumatic stress disorder (PTSD), ADHD and bi-polar weren’t added to the list and yet nearly all other states include them among the qualifying conditions.

All in all, the board in charge of the medical marijuana program needs to be more foresighted and stop being reactive in its approach. Otherwise, the program will not attain its intended objectives. No one, including Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and Net Element (NASDAQ: NETE), would want this beneficial program to fail.

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CannabisNewsWire (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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Congressman Steve Cohen (D-TN) together with other cosponsors have introduced a bill in Congress seeking to protect states that legalize medical marijuana from federal prosecution while making their own laws to regulate the medical marijuana industry.

The bipartisan bill will formalize the respect of the rights of states to pass laws and implement their own medical marijuana programs. Currently, only a Department of Justice spending rider passed by Congress prevents federal prosecutors from using taxpayer money to prosecute individuals who use cannabis for medical or recreational purposes in states where it is legal. That rider, at least hypothetically, doesn’t bar federal prosecutors from using resources from anywhere else to go after cannabis consumers.

The CARERS (Compassionate Access, Research Expansion and Respect States) Act wants to remove any doubt that doctors, patients and caregivers risk federal prosecution for doing what is legal in their states.

The bill should not be mistaken to be a clever way of legalizing medical marijuana across the country. Rather, it just clarifies that the states that legalize medical marijuana will not be exposing their residents to the possibility of prosecution by the feds on charges related to possessing or consuming a federally illegal substance.

That threat of prosecution is so real that some states have introduced bills seeking to protect medical cannabis patients’ records from access by federal authorities. Missouri is an example of such states where bills are being considered in this regard.

Furthermore, the CARERS Act will allow doctors treating veterans to prescribe medical cannabis for the conditions which can be eased or treated by the use of medical cannabis. The bill seeks to insulate the doctors and their patients from any legal issues arising from the use of medical cannabis.

The Act will also grant greater access to scientists who would like to conduct investigations into the uses of marijuana. Currently, it is very hard to obtain approval for research, let alone access to high-quality cannabis for such studies.

Congressman Cohen said in a statement he issued that there is bipartisan support for cannabis reform across the country, but the federal laws aren’t in tandem with the wishes of the people because the laws continue to regard people who prescribe or use cannabis as criminals. His bill will try to bridge the gap between what the people want and what the broken laws currently state.

Marijuana advocates have a lot of hope in the current Congress that has just started business. Their hope hinges on the fact that the House is dominated by Democrats who have a track record of being progressive on matters of marijuana law reform. Industry players like Medical Cannabis Payment Solutions (OTC: REFG) and Marijuana Company of America Inc. (OTCQB: MCOA) hope that this bill will succeed in the House and the Senate, and that many others will follow.

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About CannabisNewsWire

CannabisNewsWire (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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Toward the end of this month, a special committee will sit to assess the different petitions that Ohioans submitted calling for additional conditions to be included on the list of ailments for which one can obtain a medical cannabis card.

The meeting this month comes after the end of a window within which people could send in their requests for the conditions they want to see on the qualifying list for access to medical cannabis.

Medical marijuana became legal in 2016 and 21 qualifying conditions were listed in that law. However, the law also granted the Medical Marijuana Board permission to review that list and add more conditions once each year.

The sale of medical marijuana is scheduled to start sometime this month and already more than 4,000 residents have secured medical marijuana cards. According to estimates, three in 10 Ohioans could qualify for a medical marijuana card even if the list of qualifying conditions stays as it was when the enabling law was passed.

The window within which interested parties could submit their petitions for additions to the list of qualifying conditions started on Nov. 1 and ended at the stroke of midnight on December 31. By the close of the window, 110 petitions had been submitted.

Those 110 petitions are now with a committee of lawyers advising the medical board. The lawyers will select some conditions indicated in the petitions and submit their shortlist to a committee that will meet tomorrow (January 9).

That committee will decide which of the conditions on the shortlist can be forwarded to medical experts for additional review and benchmarking in other states where medical cannabis programs exist.

The experts will then report back to the committee so that a report is presented to the full Medical Marijuana Board for a final vote. The Medical Board should have made their final decision by June 30, 2019, so that the list of qualifying conditions can be updated thereafter.

Some of the conditions in the petitions received include insomnia, depression and anxiety. Others are opioid addiction, acne, fibromyalgia and chronic pain. However, it should be noted that some of the petitions mentioned conditions that already appear among the 21 qualifying conditions listed in the 2016 law.

Currently, 33 states plus the District of Columbia have legalized medical marijuana. That notwithstanding, cannabis remains a Schedule 1 substance under federal law, so it is hard for scientists to study the plant and its derivatives in this prohibitionist legal environment.

Nonetheless, there are signs that the stringent controls will ease up a bit because already, the FDA has licensed a drug derived from cannabis, and permission was granted to a group of researchers at UC San Diego to import cannabis capsules from Canada for research purposes. Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) hope that the environment will become conducive soon enough at the federal level so that the industry in the U.S. can grow based on the findings of scientific studies.

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About CannabisNewsWire

CannabisNewsWire (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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CannabisNewsWire Editorial Coverage: Moments prior to signing a historic 2018 Farm Bill and effectively legalizing industrial hemp, President Donald Trump tweeted out a video of his performance at the 2005 Emmy Awards, singing the song “Green Acres.” Having already passed through the House of Representatives and the Senate, the bill was met with much fanfare across nearly the entire cannabis sector, including benefactors such as Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGB Profile), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Harvest Health and Recreation (CSE: HARV) and MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF).

To view an infographic of this editorial, click here.

Trump’s signature was the last hurdle for the $867 billion bill. Now the market is gearing up for the massive potential of hemp-derived cannabinoids hitting stores. Among the benefactors of the passage is Green Growth Brands (CSE: GGB) (OTCQB: GGBXF), whose goal it is to become the leading retailer of…

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Patients who applied and got approval to join the medical cannabis program in Arkansas will have to wait until February to receive their medical cannabis cards from the state. The delay comes amidst the inability of cultivators to provide medical cannabis to the licensed dispensaries.

Arkansas residents voted to change the constitution in 2016 so that medical cannabis could become legal in the state. However, the process of implementing that change has taken longer than was expected.

The Department of Health in the State is reluctant to give residents medical cannabis cards when medical cannabis supplies aren’t available. The authorities feel that patients would incur an unnecessary cost since the cards are only valid for a year and one must renew the card before accessing medical cannabis. Getting the card several months before dispensaries are ready to sell products would therefore mean that a portion of the card’s validity was wasted.

However, many patients view their desire to have the medical cannabis cards in a different light.

The cards issued by the health authorities in Arkansas can allow the cardholders to acquire temporary licenses from the nearby state of Oklahoma. These temporary cards can be used to buy or grow medical cannabis from the Oklahoma medical cannabis dispensaries. Federal law doesn’t permit marijuana to be moved across state lines, so anyone interested in buying or growing medical cannabis from out of state has to be ready to stay in that state until what they purchased is used up.

The temporary licenses are only valid for 30 days, so there is no chance that an applicant will buy medical marijuana in more than one state. The verification process done before the temporary card is issued confirms that the applicant resides in a state where a medical cannabis program is legal but medical cannabis isn’t available as yet.

Some Arkansas residents have attempted to use the approval letters issued after their medical cannabis applications were processed, but the Oklahoma authorities have rejected those letters.

The stance of the Medical Marijuana Authority in Oklahoma is understandable because the approval letters may not have vital details, such as the medical marijuana card numbers that can be used to track the activities of the cardholders.

For now, Arkansas residents may have to wait until the state prints their cards. That may give those who are badly in need of medical cannabis one month within which to take advantage of the temporary licenses issued in Oklahoma. In case the Arkansas program delays even further, the patients can continue renewing their Oklahoma permits.

Green Hygienics Holdings Inc. (OTCQB: GRYN) and Golden Developing Solutions, Inc. (OTC: DVLP) sympathize with the patients in Arkansas and hope that a viable solution for their plight is found soon.

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Washington State Governor, Jay Inslee, issued a statement on Friday (January 4) announcing a “marijuana justice initiative” which will help residents with a single cannabis misdemeanor conviction on their record to apply for clemency.

The initiative is intended to reflect the current change regarding the status of marijuana in the state. The Democratic Governor felt that it was unfair for state residents to continue being adversely affected by a minor marijuana possession conviction long after the substance became legal to consume.

Under the initiative, approximately 3,500 people would be eligible for clemency. This estimate was arrived at after looking at the records of the misdemeanor convictions between January 1998 and December 2012.

The initiative will only be open to individuals who are residents of the state and they were prosecuted within the state. Those with more than one conviction aren’t eligible under this plan.

Similar plans to expunge marijuana criminal records in other jurisdictions have been dogged by complaints that the process is slow and expensive, sometimes not worth the effort expended. However, Washington State will process the clemency applications online, and this should expedite the process and make it affordable.

Speaking at a marijuana industry conference, the Governor said it was unfair for people to continue finding it hard to secure financing, get jobs or even accompany their kids on some excursions just because a given individual has a marijuana conviction dating way back. Wiping such convictions from the criminal record of the affected people would allow them to have as much of a normal life as possible in light of the way marijuana law has evolved in the state.

The website through which eligible individuals can apply for clemency has a form that one must fill out. It is not clear at this point what else will be required once someone has filled that form. It is also not known how long the clemency application will take before an applicant knows the outcome of the application.

For now, everyone in the industry, including Global Payout, Inc. (OTC: GOHE) and Generation Alpha, Inc. (OTCQB: GNAL) are glad that the past will no longer unjustifiably haunt people who were found guilty of possessing small amounts of a substance that is now legal.

Those who aren’t directly affected by such a blot on their history may think that the marijuana justice initiative is too little and too late, but tell that to someone who wants to buy a home and his or her financier rejects the mortgage application after doing a background check on the person. The initiative may just be what a person needs to hope and believe in a better future.

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About CannabisNewsWire

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As the year comes to an end, many investors are evaluating their portfolios and are planning how to reallocate funds from losing investments to other avenues where the earning potential is higher. If you plan to make money from the cannabis industry, read on and discover the three trends that you can consider as you make your 2019 investment allocations.

Think Small

Seasoned investors know that the worst time to acquire interests in an entity is when the price is at its peak, because that means that a market correction will soon happen and latecomers will lose out.

Similarly, people who are planning to invest in the marijuana industry need to move away from the large-cap companies and examine the small-cap companies. There is logic in this approach because many of the large-cap entities are most likely to have partnered with a large entity in the past year (2018), so their shares are likely to have hit an all-time high.

Instead, think of smaller companies, such as those valued at less than a billion dollars. Such companies may have better prospects going forward because you will be positioned to get a slice of any gains they make when big players come knocking to acquire a stake in those companies.

However, you also need to be cautious and avoid very small companies, such as those valued at less than $200 million because the long-term survival of those companies may not be certain as yet.

Look to Auxiliary Companies

It may also be a smart move for investors to put some money in companies that complement the companies involved with the cannabis plant directly. For example, a good place to start would be the companies that provide packaging materials to the cannabis industry. These auxiliary companies are a good investment choice because they will grow as the industry grows, and they often have a foot in other industries, so they are a smaller risk when compared to the companies which “touch the plant.”

Slot CBD In

Cannabis drinks are likely to take the world by storm, and many of them will not cause a high. That means investing in a company that has interests in CBD (from industrial hemp, for example) may line your pockets as the popularity of CBD oils and drinks reaches feverish level in the years to come. Current trends point in this direction, especially after hemp was legalized by the federal government and more states are legalizing either medical or adult-use cannabis.

As always, do your due diligence before making an investment decision. You can start by watching the journey of Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) and ChineseInvestors.com, Inc. (OTCQB: CIIX) in order to get an idea of the historical trends for cannabis companies, and then branch out in the direction that you think holds most promise to you as an investor.

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About CannabisNewsWire

CannabisNewsWire (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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The difference between U.S. federal marijuana laws and the legal framework in many states around the country has created an ironical situation in which everyone can easily access marijuana in state-legal and states where cannabis is still illegal, but scientists who desperately need high-quality cannabis for research purposes cannot get it.

This situation is very frustrating for the scientists because they know that the private sector in states where cannabis is legal has made available cannabis of very high quality, but scientists can’t lay a finger on it due to federal restrictions.

Instead, the scientists are made to jump through endless hoops in order to get an often inadequate supply of cannabis from the Mississippi University facility authorized to grow cannabis for research purposes.

That cannabis is so inferior in quality that it would never get a buyer if it was put on the open market and buyers compared it to what is available for medical or recreational use in jurisdictions where cannabis is legal.

It is also disturbing that the federal authorities claim that there isn’t sufficient research to back the claims that cannabis is medicinal, and yet the very authorities have made it hard for cannabis research to be conducted. In essence, a catch-22 situation has developed.

These legal roadblocks aren’t likely to end soon, given that the two houses (Congress and the Senate) are unlikely to agree on anything related to marijuana since one is largely Democrat while the other is controlled by Republicans who are renowned for their opposition to any reforms aimed at relaxing cannabis laws.

However, not all is lost. The federal government recently invited qualified entities to apply and grow cannabis for the different research programs that will be approved in 2019. This may break the monopoly held by Mississippi University, but it may not be time to celebrate just yet because issues of quality may still arise in case the selected firms don’t come with the mindset that what they produce must be at par with what the commercial entities are providing to the public.

The other factor that brings hope is the passing of the 2018 Farm Bill. With hemp now legal, it is likely to get easier to study cannabinoids since hemp also contains some limited amounts of THC. The feds may therefore be compelled to ease restrictions since the people studying CBD will also be interested in looking at THC and other cannabinoids.

The entire cannabis industry, including FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) and Earth Science Tech, Inc. (OTCQB: ETST) long for the time when the scientific community in the U.S. will find it as easy to get cannabis for research reasons as ordinary people get the product for medical or recreational use.

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About CannabisNewsWire

CannabisNewsWire (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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The legalization of marijuana in Canada, and the impending legal change to marijuana laws in Mexico now leaves Texas isolated as the only jurisdiction in that area where cannabis isn’t legal. This “engulfment” is likely to generate sufficient pressure to cause a change in Texas sooner rather than later.

Already, public opinion in the state has shifted in favor of lesser punishment for those found in possession of small amounts of cannabis.

Moreover, Kim Ogg, the Harris County District Attorney, entered office in 2017 and started a new program in which small-time cannabis offenders would avoid jail time and a criminal record if they enrolled for a drug education class and stayed clear of re-arrest on similar charges.

This “diversion program” has also been replicated in at least one other Texas county. Ogg reasoned that it wasn’t helpful to devote badly needed resources to hunting down, prosecuting and incarcerating people on minor drugs charges and yet those resources could be put to better use to make communities safer by dealing with other pressing law enforcement issues, such as stemming the growth of child sex abuse online.

In a parallel measure that shows where Texan law is going, the state legislature passed a law in 2015 enabling doctors to prescribe CBD oil for patients whose conditions were unresponsive to the existing conventional drugs.

That law in effect shows that medical marijuana isn’t far off from being legally available as a complementary treatment beyond the narrow description provided as that bill was passed.

Interestingly, Texas also has the distinction of having the cities where the highest amount of cannabis is consumed despite the existence of prohibitionist laws. Research has it that Houston consumes approximately 21 metric tons of marijuana annually. This makes the city rank at number four on the list of the top ten cities in terms of marijuana consumption around the country.

Dallas is also in the top 10, coming in at number seven with an annual consumption of approximately 15 metric tons of cannabis.

So, where is all that weed coming from if no cultivation is allowed in Texas?

In the past, smugglers met the demand by moving cannabis from Mexico to the Lone Star state. However, the relaxation of cannabis laws in the states neighboring Texas has provided a domestic (U.S.) source for the Texas cannabis black market.

In fact, consumers now prefer the superior quality of marijuana produced within the U.S. rather than the crop from Mexico that doesn’t conform to any quality standards. It is now known that licensed growers in the states where medical marijuana is allowed produce much more than what can be consumed within those states. The excess product finds its way into the black market, and this reality has been causing federal prosecutors sleepless nights.

Wouldn’t it be wiser for Texas, and the federal government to legalize cannabis in order to end this cat and mouse game with the black market? Such a decision would ease many of the legal minefields in the way of Canopy Rivers Inc. (TSX.V: RIV), Cannabis Strategic Ventures, Inc. (OTC: NUGS) and the entire cannabis industry.

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About CannabisNewsWire

CannabisNewsWire (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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Researchers who collected and analyzed data taken from at least 28 European countries have discovered that the potency and price of cannabis has increased significantly over the last decade.

The researchers from King’s College London and University of Bath found that the strength of cannabis has doubled from what it was 11 years ago. The data used in this study was taken from the data collected by the European Monitoring Centre for Drugs and Drug Addiction.

The researchers looked at cannabis from two perspectives or categories. One was herbal cannabis and the other was resin cannabis.

The concentration of THC doubled from five percent to 10 percent between 2006 and 2016 in herbal cannabis. Similarly, cannabis resin had its THC content jump from eight percent to 17 percent between 2006 and 2017.

The price of herbal cannabis and cannabis resin also rose steadily during the years analyzed by the researchers. For example, the price of a gram of herbal cannabis rose from 7.36 Euros ($8.41) to 12.22 Euros ($13.97) between 2006 and 2016.

The researchers also observed that while the THC content of cannabis was increasing with time, there was no commensurate rise in the CBD content of cannabis over the same duration covered in the study.

This increase in the concentration of THC raises many concerns since users are more likely to show the psychoactive (and potentially harmful) side-effects of using marijuana. In contrast, a higher CBD content moderates the psychoactive elements of cannabis, so it would be beneficial to see CBD rising in tandem with any increase in THC content.

However, the seizures made by British police show that cannabis resin has stable or reducing levels of CBD and yet the THC content has been growing. This is in contrast to herbal cannabis whose CBD level has been relatively constant even if THC has increased.

Globally, approximately 192 million people use cannabis either for medicinal or recreational purposes. However, these numbers are likely to increase as more jurisdictions pass laws ending prohibition or allowing medical marijuana.

It is therefore necessary to conduct thorough research about the likely impact of this highly potent cannabis on the market. Similarly, regulators need to find ways to regulate the potency of the cannabis released into the market in a way that is similar to how alcohol potency is controlled. For now, consumers should take a cautious approach and remember that a gram of cannabis today may be the equivalent of more than two grams of cannabis a decade ago, so less can be consumed while still offering the same ‘high’.

TransCanna, Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) and other industry players have been calling for the relaxation of prohibitionist laws in the U.S. so that the scientific community there can study marijuana and facilitate the growth of the industry without exposing users to avoidable risks.

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About CannabisNewsWire

CannabisNewsWire (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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• Presented by Benzinga, the upcoming cannabis conference will be held at the Eden Roc in Miami Beach, Florida; it is the go-to source event for investors who want the latest news and opportunities from the burgeoning sector
• The conference will kick off on January 15 with an invite-only C-Suite retreat for cannabis operators; the audience will be just 100 C-Suite executives; a pre-retreat reception will be held the night prior
• The conference will feature company presentations, networking receptions and an all-star lineup of knowledgeable keynote speakers talking about the global opportunities for cannabis

Benzinga Cannabis Capital Conference (CCC) will offer attendees a fast-paced comprehensive lineup of speed networking, a specially selected lineup of keynoters, corporate presentations for investors and a look at the future of cannabis internationally. It will be held January 15-16 at the Eden Roc in Miami Beach (www.BenzingaCannabisConference.com).

The attendee mix is expected to consist of 25 percent institutional investors, 20 percent retail investors, 40 percent public cannabis companies, 10 percent private cannabis companies and five percent media.

Reserve your place and book hotel rooms for CCC now at http://cnw.fm/42sPg. Be sure to learn more about how you can qualify for special discounted tickets and hotel rooms.

“Benzinga’s Cannabis Capital Conference brings together the crème de la crème of the cannabis world,” Neal Hamilton, vice president of marketing for Benzinga, stated in a recent press release. “Benzinga has long presided as a financial media leader, offering broad coverage relative to the cannabis space. We now bring that standout expertise to a live setting where entrepreneurs and investors can network, forge deals and learn from today’s top cannabis influencers, policymakers and innovators.”

CCC will showcase the following public and private companies:

• AmeriCann Inc. (OTCQB: ACAN)
• Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB)
• Cannex Capital Holdings Inc. (CSE: CNNX) (OTCQX: CNXXF)
• Harvest Health & Recreation Inc. (CSE: HARV)
• CEDR HR Solutions
• CuraLeaf Holdings Inc. (CSE: CURA)
• DionyMed Brands Inc. (OTC: HMDEF)
• Growcentia
• iAnthus Capital Holdings Inc. (CSE: IAN) (OTCQX: ITHUF)
• InMed Pharmaceuticals Inc. (OTCQX: IMLFF) (TSX: IN)
• KushCo Holdings Inc. (OTCQB: KSHB)
• LGC Capital Ltd. (TSX.V: LG)
• Liberty Health Sciences Inc. (OTCQX: LHSIF)
• MariMed Inc. (OTCQB: MRMD)
• Medicine Man Technologies Inc. (OTCQX: MDCL)
• Medipharm Labs Corp. (TSX.V: LABS)
• MJ Freeway
• New Frontier Data
• Newstrike Brands Ltd. (TSX.V: HIP)
• Plus Products Inc. (CSE: PLUS)
• Pure Global Cannabis Inc. (OTC: PRCNF) (TSX.V: PURE)
• Radicle Inc./Gage Cannabis
• Starbuds/Compass Cannabis
• Trulieve Cannabis Corp. (CSE: TRUL) (OTC: TCNNF)
• Valens GroWorks Corp. (OTCQB: MYMSF)
• Wayland Group Corp. (OTCQB: MRRCF) (CSE: WAYL)
• High Tide Inc. (CSE: HITI)

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

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About CannabisNewsWire

CannabisNewsWire (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.

CannabisNewsWire is at the epicenter of the Cannabis Revolution.

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As calls for marijuana legalization sweep across the U.S., many companies are gearing up to provide yet another way to get your high, by sipping marijuana. Cannabis-infused drinks are poised to be a big thing in 2019 and beyond if the undertones surrounding the cannabis industry are to be believed.

First, industrial hemp is now legal to grow after the 2018 Farm Bill was signed into law. This means that companies will have a huge source of CBD (the non-psychoactive cannabinoid in hemp and marijuana) to use when making cannabis beverages.

Such drinks may be the first to become popular since name-brand giants like Coca-Cola have expressed an interest in making them. Those beverage giants have massive experience in building a brand from scratch and distributing it to all corners of the world cost-effectively, skills that will be crucial in getting the cannabis drinks to as many people as possible without affecting their cost.

Secondly, the medical use of marijuana is growing rapidly and more states are due to pass legislation or vote on ballot measures to legalize medical marijuana. This sector will also provide huge opportunities for cannabis drinks to take root and thrive. Already, one brewer has put a non-alcoholic cannabis beverage on the shelves of medical marijuana dispensaries. You can bet that more such drinks are in the offing, and consumers may be spoilt for choice by the end of 2019.

A number of craft beer makers have also gotten in on the action and it is now easy to find “cannabis beer” in states where recreational cannabis is legal. However, that beer just contains terpenes that give the beer flavors similar to cannabis flavors. Consequently, you aren’t likely to get a double-high (drunk on beer and high on marijuana). So, don’t be fooled when you see the image of a marijuana leaf or plant slapped on a beer can.

There’s a major reason why you are unlikely to find an alcoholic drink that contains THC. The existing laws in the country don’t allow any maker of alcohol to include THC among the ingredients used to make that alcoholic drink.

This legal provision has a firm foundation in logic, for you wouldn’t want to learn the hard way what a concoction of different intoxicating substances can do your body and mind.

If you didn’t know about that provision of the law, then you need to be first in line to get your ticket to the upcoming Cannabis Drinks Expo in San Francisco so that you can interact with different players in the cannabis industry, such as Youngevity International, Inc. (NASDAQ: YGYI) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) as you sip on the different drinks available.

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About CannabisNewsWire

CannabisNewsWire (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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The parliament in Malawi has drafted a bill that will make it legal to grow marijuana and hemp both medicinally and industrially. The bill comes at a time when the country’s export earnings have taken a huge hit as tobacco sales decline year by year.

Tobacco sales have been bringing in at least 60 percent of the country’s foreign exchange earnings, but the sustained anti-smoking efforts spearheaded by the World Health Organization (WHO) and other groups have triggered a downward trend in the number of people who smoke. Malawi is feeling the effects of those efforts.

Moreover, the estimated value of the largest tobacco companies in the world, such as Altria (makers of Marlboro) and British American Tobacco (BAT) has declined by at least 20 percent.

In the U.S. alone, there has been a 67 percent reduction in the number of smokers from 1965. Today, approximately 14 percent of the U.S. population smokes tobacco cigarettes, and this number continues to reduce year by year.

The cannabis and hemp industry has therefore been lobbying the Malawi government to pass enabling legislation so that the country can diversify its sources of foreign currency earnings. Their campaigns are bolstered by the global trends which show that cannabis and industrial hemp are on the rise as huge commercial crops.

For example, an acre of land on which 2,500 hemp plants are grown fetches approximately $60,000 annually in the U.S., while a similar number of tobacco plants on an acre of land brings a paltry $5,000 annually to Malawi. Making the switch to hemp and cannabis would therefore be a no-brainer when these statistics are considered.

Additionally, the cost of growing hemp and cannabis is likely to be much lower in Malawi given that the country has favorable climate that can allow outdoor grows throughout the year. This is unlike the climate of Canada and the U.S. where indoor facilities have to be used to have supplies of cannabis and hemp all year round.

If the bill is passed, then Malawi will join the ranks of South Africa, Lesotho and Zimbabwe where cannabis prohibition has ended. The question on everyone’s mind is, when will the U.S. federal government finally see the errors of continuing to prohibit marijuana while the rest of the world is legalizing marijuana and allowing researchers and entrepreneurs to understand and commercialize the plant? The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), The Flowr Corporation (TSX.V: FLWR) and other cannabis industry players are also asking themselves that question.

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About CannabisNewsWire

CannabisNewsWire (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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Technology and investment company SinglePoint (OTCQB: SING) this morning announced its plans to explore opportunities to produce industrial hemp through joint ventures with leading growers, as well as a potential investment in a development program for cannabidiol (“CBD”) extraction from hemp with passage of the 2108 Farm Bill. New legislation removes the schedule one substance designation for hemp and provides tremendous opportunity for SING and the company’s subsidiary, SingleSeed.com, an ecommerce-based business that sells and supplies industrial-based hemp CBD products. “We are excited for these new opportunities in the hemp market and have been preparing the company to be in a position in the event the 2018 Farm Bill passed,” SING CEO Greg Lambrecht stated in the news release. “Now that it has, it’s a matter of closing on the negotiations we have started. I intend and plan for SinglePoint to be a key player in the distribution of hemp products and sourcing the best products we can in the market.”

To view the full press release, visit http://cnw.fm/3xmnD

About SinglePoint, Inc.

SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (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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A recent survey has discovered that the majority of veterinarians want the laws on marijuana relaxed for both pets and humans. Many of those who participated in the survey felt that they were fairly informed about the medicinal use of marijuana, but they lamented that state veterinary associations or boards aren’t providing guidance to keep their members informed about how to handle the subject of cannabis for pets with clients.

The study, whose findings were released in Frontiers in Veterinary Studies (a respected industry journal), had more than 2,100 certified veterinarians sharing their views.

The researchers observed that just under five in 10 of the practicing veterinarians who took part in the survey revealed that they didn’t feel at ease discussing marijuana with pet owners. This hesitation was more noticeable among the veterinarians who had recently graduated, and were therefore new to the field.

Only eight percent of the respondents said that they had never been asked by a pet owners about CBD products for pets.

A significant proportion of the respondents (66 percent) admitted that they would never recommend marijuana for dogs while approximately five percent revealed that they routinely recommend CBD to dog owners.

Two key reasons were given to explain why the veterinarians were uncomfortable recommending marijuana to pet owners. First, 65 percent of the veterinarians felt that more research on the subject was needed. Secondly, 53 percent were reluctant because of the legal issues surrounding marijuana.

CBD was either recommended or discussed for pain management, fireworks or storms phobias, seizures or anxiety.

A huge majority (82 percent) of the study participants said that CBD should be removed from Schedule 1 while 70 percent of the respondents want marijuana rescheduled from where it is currently classified (Schedule 1).

The authors of the study wrote that the existing laws, and the polarization between marijuana advocates and those opposed to it, have made it hard for veterinarians to feel at ease when discussing marijuana with pet owners.

The authors therefore called on state veterinary boards and state veterinary associations to be more forthcoming with actionable guidance to veterinarians so that these professionals aren’t on their own when responding to queries from their clients.

The voices from different groups (alcohol retailers, mayors, etc.) are getting louder in their demands for marijuana law reform at the federal level. This survey of certified and practicing veterinarians is yet another addition to those calls. How long will the federal government wait before it listens and acts accordingly? Participants in the industry, such as Supreme Cannabis Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) hope that federal action is seen sooner rather than later so that even players outside the U.S. don’t have a cloud hanging over their heads.

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About CannabisNewsWire

CannabisNewsWire (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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The Israeli parliament voted unanimously in favor of a bill that would pave the way for Israel to start exporting medical cannabis. The approval of this bill by cabinet would allow Israel to be the third country in the world (following the lead of the Netherlands and Canada) to tap into the global medical marijuana market.

iCAN, an Israeli company that specializes in medical cannabis, welcomed the decision in parliament and added that the global medical cannabis market is likely to be worth $33 billion within the coming five years as the stigma directed at marijuana melts away.

This growing demand is likely to be entirely met by the few countries which have passed regulations to certify medical cannabis exports. For example, South Korea recently passed a medical marijuana law, and imports will only be accepted from countries that have approved cannabis products for medical use. Israel is now one potential source for medical cannabis for the South Korea market.

The stock market in Israel welcomed the news of the passing of this bill and cannabis companies registered massive gains (up to 10 percent) late on Tuesday (December 25) as the bill was passed.

However, the passing of this law didn’t come easily. For several years, the draft bill lay in limbo as there was massive opposition from law enforcement towards its enactment. The authorities were apprehensive that a significant portion of the medical marijuana which is exported may find its way onto the global black market.

To address these concerns, the framers of the bill added provisions that gave the Israeli police authority to supervise how medical cannabis export licenses are issued. The law imposes strict regulations upon the exporters, and those who violate that law face huge fines and prison time.

The Israel Securities Authority (ISA) immediately appealed to investors to avoid rushing to put their money in marijuana companies just because legislators had passed a law permitting medical cannabis exports. This appeal was similar to the appeal ISA issued regarding cryptocurrencies approximately one year ago.

The bill permitting the export of medical cannabis was passed just before parliament took a break so that preparations for the early elections called (due in April next year) can take place. Any additional delay would have compelled the House to postpone debate and voting on the bill until after the elections.

The export market is important to Israeli cannabis companies since the domestic market isn’t large enough to keep them growing and thriving. What is now left is for cabinet and Benjamin Netanyahu to approve the bill. However, there is some apprehension that the Prime Minister may avoid playing his hand on this controversial topic until after the elections on April 9, 2019.

Sugarmade, Inc. (OTCQB: SGMD), Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other parties in the cannabis industry welcome the decision in Israel since it will add depth to the existing players at the global level.

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About CannabisNewsWire

CannabisNewsWire (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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Hydroponics supply company Sugarmade (OTCQB: SGMD) is engaged in various growing business segments, some of which serve the expanding cannabis industry. A recent article discussing the company reads, “The demand for hydroponic cultivation is growing as the demand for cannabis increases due to legalization across the United States. Hydroponics produces plants with faster growth, higher yield and better quality. Known as a quick-serve restaurant and hydroponics supply company, SGMD is shifting its primary focus toward serving, investing in and profiting from the cannabis industry.”

To view the full article, visit http://cnw.fm/7Bw4S

About Sugarmade, Inc.

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.

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About CannabisNewsWire

CannabisNewsWire (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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Leading omni-direct lifestyle company Youngevity International’s (NASDAQ: YGYI) co-founder Dr. Joel Wallach was recently featured in a documentary that highlights his impactful career of spreading health and wellness awareness worldwide. A recent article discussing the film reads, “A recent documentary on the Youngevity founder has been released by Carpe Diem Media. It is titled “The Audacity of Health: The Dr. Joel Wallach Story” and has already garnered a global following thanks to social media. The documentary traces the evolution of Wallach’s quest to spread health and wellness from the 1960s through his four decades of work in the industry. Most notably, the film showcases his early research-driven activism to save the white rhino from pollution in the 1960s, as well as his monumental victory petitioning the FDA to mandate supplement manufacturers to require important nutrients like folate, among others, as required dietary supplements. Folate, once a negligibly known substance, is now recognized as a critical component in prenatal vitamins to foster fetal health and development. The benefits of his work for the health and wellness of citizens are innumerable and far-reaching.”

To view the full article, visit http://cnw.fm/1Kfjt

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven 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. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com.

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About CannabisNewsWire

CannabisNewsWire (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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Medical Cannabis Payment Solutions’ (OTC: REFG) end-to-end payment processing system ‘Go’ offers cannabis dispensaries, merchants and customers a way to safely and accurately make legalized marijuana transactions. A recent article discussing the company reads, “REFG’s Go offers legalized cannabis dispensaries and merchants safety, accuracy and easy online sign-up. It is now available to the entire cannabis market. In addition to creating a cashless environment, Go can handle all payments necessary for a small business retailer, such as payroll and vendor disbursements, accounts payable and any other invoices. … Go is capable of processing cryptocurrency payments. The customer or patient can also pay directly from a bank account without requiring cash.”

To view the full article, visit http://cnw.fm/cpH01

About Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.PayWithGo.com.

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About CannabisNewsWire

CannabisNewsWire (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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Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) today announced its collaboration to serve as the Official NewsWire of the second annual Cannabis Capital Conference, hosted by premier financial media outlet Benzinga. The conference will take place January 15-16, 2019, in Miami, Florida. “The Benzinga Cannabis Capital Conference is a standout event in the cannabis world and one that attracts America’s top cannabis entrepreneurs and investors. CannabisNewsWire is proud to participate as the official newswire of this conference and to offer our team’s extensive expertise as we help promote and publicize this elite gathering of cannabis leaders via news-centric channels,” CannabisNewsWire Director of Syndicated Communications Christopher Johnson stated in the news release.

To view the full press release, visit http://cnw.fm/7BLyC

About Benzinga

Benzinga is a dynamic and innovative financial media outlet that empowers investors with high-quality, unique content that is coveted by Wall Street’s top traders. Benzinga provides timely, actionable ideas that help users navigate even the most uncertain and volatile markets – in real-time with an unmatched caliber. From breakouts to unusual volume, analyst ratings, futures and options, Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles. For more information, visit www.Benzinga.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced its filing of Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) as an important step in its efforts to raise the necessary capital for funding its projects and expanding operations in 2019. MCOA’s registration statement included a prospectus for the resale of up to 500,000,000 of its common shares, issuable to K&J Funds, LLC, a selling stockholder, pursuant to a “put right” under an investment agreement, dated December 20, 2018, that the company entered into with K&J. The agreement permits MCOA to “put” up to $10 million in shares of its common stock to K&J over up to a thirty-six month period or until $10 million of such shares have been “put.”

“We are extremely excited to have K&J as our financial partner for MCOA,” Marijuana Company of America CEO Don Steinberg stated in the news release. “They understand the history of the Company, our clear vision for the future and the enormous market within our reach, as reflected by this substantial commitment. This funding will give us the capital needed to expand our hempSMART brand into Europe and Asia in 2019 and prepare for our continued expansion into the hemp industry as a grower and processor in California and other areas.”

To view the full press release, visit http://cnw.fm/E5rQH

About Marijuana Company of America Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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About CannabisNewsWire

CannabisNewsWire (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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ChineseInvestors.com (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, this morning announced its retention of Boustead Securities, LLC. Boustead will serve as underwriter for the planned Initial Public Offering (“IPO”) of CIIX’s wholly owned foreign enterprise, CBD Biotech Co. Ltd., concurrently with a listing on a national securities exchange. “This is part of a series of actions we have put into place to execute on our strategic plan to spin-out CBD Biotech,” Chinese Investors.com Founder, CEO and Chairman Warren Wang stated in the news release. “Additionally, we believe that listing on a national exchange speaks to the quality of CBD Biotech, will provide us with market visibility and access to capital, and further support our growth strategy. We look forward to working with Boustead Securities as IPO sponsor and underwriter.”

To view the full press release, visit http://cnw.fm/qeD7A

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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About CannabisNewsWire

CannabisNewsWire (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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The authority in charge of overseeing cannabis in Oregon (the Oregon Liquor Control Commission) has released new rules that will make it easier for patients to access medical marijuana.

The new rules that are set to take effect tomorrow (December 28) will allow marijuana to be delivered to those areas where the local authorities have passed ordinances banning any marijuana-related business activity within their jurisdictions.

The new provision of the rules is welcome news to patients and caregivers because they will no longer have to travel long distances in order to replenish their medical cannabis supplies.

Additionally, the new rules have also increased the limit on how much cannabis one can buy at a go. Previously, a patient holding a medical cannabis card was only allowed to buy an ounce (28.3 grams) of cannabis.

This limitation was particularly hard on patients or caregivers from the areas where medical cannabis was prohibited. This is because such people would be compelled to make frequent trips to distant medical cannabis dispensaries.

The new rules now allow a patient or caregiver carrying a valid medical cannabis card to purchase up to 8 ounces (226.4 grams) of cannabis. This higher cap means that patients will now reduce how frequently they go to purchase replenishments.

Why the change of heart on the quantities?

It was previously feared that allowing medical cannabis cardholders to buy larger amounts of cannabis would create opportunities for the medical cannabis program to be used as a supply source for the recreational use of marijuana. However, this may have proved to be an unfounded fear.

Secondly, the inconvenience of having to go to a dispensary so frequently was burdensome to many patients and caregivers, so a concession on how much could be purchased was an inevitable compassionate step to take.

It is estimated that Oregon has approximately 50,000 people registered to access medical marijuana. The state legalized medical marijuana in 1998, and it has been updating its regulatory framework periodically, based on the changing realities within the state, and borrowing from the experiences of other states where medical marijuana has since been legalized. It is in this same spirit that plans are underway to pass permanent rules regulating CBD products and hemp in the wake of the passing of the Farm Bill 2018.

SinglePoint, Inc. (OTCQB: SING) and other industry participants like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: 03X4) welcome the changes Oregon has made in response to the persistent problems that patients and their caregivers were experiencing.

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About CannabisNewsWire

CannabisNewsWire (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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A new study has shown that the legalization of marijuana in different states has reduced drug smuggling and made the Southern U.S. border safer. This research was conducted by the Cato Institute.

The Cato Institute analyzed data on how much marijuana has been seized by Border Patrol agents over time. Customs and Border Protection (CBP) regularly releases statistics about the different drugs that have been seized at the different ports of entry into the country.

The analysis shows that over a period of five years, the quantity of marijuana smuggled has reduced by a whopping 78 percent. Similarly, the amount of marijuana seized by each Border Patrol agent has reduced by an average of 70 percent.

Colorado and Washington were the pioneers of marijuana legalization, and there are nearly a dozen states that have now ended the prohibition of marijuana. Many more are set to follow suit in the coming years as ballot measures and legislative action is already in advanced stages in several states as this year ends.

The Cato analysis is timely since it comes at a time when the White House is pushing hard for the construction of a wall on a large section of the border with Mexico. In fact, disagreement over the border wall even caused a partial government shutdown that is still ongoing.

The analysis of smuggling data shows that building a wall at the Mexican border isn’t likely to reduce the rate (and quantity) of the drugs smuggled into the U.S. Remember, the number of Border Patrol agents was dramatically increased between 2003 and 2009, but the CBP seizures data didn’t show any decline in the per-agent marijuana seizures. Only legalization has resulted in such a reduction since most consumers are more comfortable buying their cannabis from regulated sources instead of taking a chance with the smuggled substance for which no quality controls are implemented.

It is also worth remembering that the U.S. government constructed hundreds of miles of border fencing at about the same time when it doubled the CBP workforce, but there was no change in the data on smuggling. It may therefore be reasonable to expect that the wall may not fare any better since the real reason for smuggling (the lack of legal marijuana in some states) hasn’t been addressed.

As for the different marijuana industry players like Plus Products Inc. (CSE: PLUS) and Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), the Cato research is yet another piece of evidence that marijuana legalization has so many direct and indirect benefits.

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About CannabisNewsWire

CannabisNewsWire (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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A recent article authored by Patrick McGreevy and published by the Los Angeles Times, titled ‘One year of legal pot sales and California doesn’t have the bustling industry it expected. Here’s why’ shines a light on the negative impact complex regulations, city bans and high taxes have had on California’s legal cannabis market. The article discusses several hurdles that legal cannabis businesses have had to jump through in order to operate within the state. One such obstacle plaguing small cannabis companies is the competition from the large illicit market, which isn’t hampered by the high taxes licensed businesses must pay. “Because we are up against high taxes and the proliferation of illegal shops, it is difficult right now,” Javier Montes, owner of Wilmington pot store Delta-9 THC stated in the article. “We expected lines out of our doors, but unfortunately the underground market was already conducting commercial cannabis activity and are continuing to do so.”

To view the full article, visit http://cnw.fm/10D9o

About the Los Angeles Times

The Los Angeles Times is the largest metropolitan daily newspaper in the country, with a daily readership of 1.4 million and 2.4 million on Sunday, more than 39 million unique latimes.com visitors monthly and a combined print and online local weekly audience of 4.3 million. The Pulitzer Prize-winning Times has been covering Southern California for more than 137 years. Los Angeles Times’ businesses and affiliates also include The Envelope, Hot Property, DesignLA, Times Community News, Los Angeles Times en Español and Hoy Los Angeles. The Times also owns California Community News, LLC. For more information, visit www.LATimes.com.

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About CannabisNewsWire

CannabisNewsWire (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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Multifaceted financial news and publishing company CannabisNewsWire (“CNW”) today announced expectations for the second annual Cannabis Capital Conference, hosted by premier financial media outlet Benzinga, to draw key players across the burgeoning industry. The conference will be held in beautiful Miami, Florida from January 15-16, 2019 and attract North America’s leading cannabis entrepreneurs and investors to the highly-anticipated event that offers unparalleled access and seamless interaction between the innovators and funders of the industry. “Benzinga’s Cannabis Capital Conference brings together the crème de la crème of the cannabis world,” Benzinga Vice President of Marketing Neal Hamilton stated in the release. “Benzinga has long presided as a financial media leader, offering broad coverage relative to the cannabis space. We now bring that standout expertise to a live setting where entrepreneurs and investors can network, forge deals and learn from today’s top cannabis influencers, policymakers and innovators. No other cannabis conference facilitates the level of access or the seamless interaction between cannabis investors and entrepreneurs that the Cannabis Capital Conference provides.”

To view the full press release, visit http://cnw.fm/hDZ04

About Benzinga

Benzinga is a dynamic and innovative financial media outlet that empowers investors with high-quality, unique content that is coveted by Wall Street’s top traders. Benzinga provides timely, actionable ideas that help users navigate even the most uncertain and volatile markets – in real-time with an unmatched caliber. From breakouts to unusual volume, analyst ratings, futures and options, Benzinga is the leading full-service, one-stop shop for investors of all stripes and styles. For more information, visit www.Benzinga.com.

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About CannabisNewsWire

CannabisNewsWire (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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Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a biotechnology company and drug delivery platform innovator, has submitted a Health Canada research application for a license to allow in-house research to be conducted at its Kelowna-based laboratory. A recent article further discussing the company reads, “Lexaria submitted its research application under Health Canada’s Cannabis Tracking and Licensing System for the operation of a research and development (R&D) laboratory to work with cannabinoids within the company’s new Kelowna head office, now under construction. In fact, Lexaria will commence experimental work on nicotine formulations, NSAIDs, vitamins and other bioactive compounds of interest after the completion of this laboratory facility. … The construction of the new head office and laboratory is advancing fast. Lexaria expects to occupy the new facility by the end of January 2019. The company is recruiting more staff to prepare for more wide-ranging operations. Moreover, Lexaria has taken delivery of specific equipment in a separate location where it is uniting known nano-emulsification processes with its DehydraTECH drug delivery platform for enhanced performance characteristics. This work will also transition to the Kelowna laboratory upon the facility being operational and licensed.”

To view the full article, visit http://cnw.fm/IUj3X

About Lexaria Bioscience Corp.

Lexaria Bioscience Corp. licenses disruptive patented delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH™ delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative biotechnology company Earth Science Tech (OTCQB: ETST) on Monday announced its engagement with Fasken, a law firm with extensive Canadian Securities Exchange (CSE) expertise, to assist with its Canadian dual listing. In moving forward with ETST’s dual listing of its common shares on the CSE, announced in early December, Fasken will assist throughout the process, including preparation and filing of the required documentation. “We are pleased to announce we are moving forward with our Canadian dual listing,” ETST President, Director and Chairman Nickolas S. Tabraue stated in the press release. “Fasken is a trusted law firm that works with clients worldwide, and we are eager to move forward with this process with their expert assistance.”

To view the full press release, visit http://cnw.fm/LnEb9

About Earth Science Tech, Inc.

Earth Science Tech, Inc. offers the highest purity and quality high-grade full spectrum cannabinoid oil on the market. There are positive results in studies on breast cancer and immune cells through the University of Central Oklahoma; in addition to studies through DV Biologics that prove the company’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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About CannabisNewsWire

CannabisNewsWire (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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Many opponents of cannabis legalization often argue that teens will use the substance once it is legalized. However, a recent study done in Washington State has found that such fears are unfounded.

The researchers carefully analyzed the data collected during the Washington Healthy Youth Surveys conducted in 2010-2012 and the data gathered during the 2014-2016 survey. The data clearly shows that the number of teens who reported that they use cannabis had declined.

Recreational marijuana was legalized in the state in 2012, so the researchers had a keen interest in comparing consumption rates before and after legalization.

The study found that marijuana use among eighth-graders dropped by nearly 3 percent from approximately 10 percent in the years just before legalization to approximately 7 percent in the data captured following legalization.

There was a drop of 2 percent among 10th graders since the rate stood at 20 percent in the data captured in the 2010-2012 surveys while the rate was 18 percent when those teens were surveyed in 2014-2016. There was no change in the percentage of 12th graders who consume cannabis.

However, the researchers were quick to point out that their findings do not in any way suggest that the drop in cannabis use among teens is entirely the result of legalization. They also added that their findings may not be an accurate indicator of what trend marijuana consumption among teens will take in the long-term.

The researchers suggested that more research needs to be done about the how the availability of cannabis in given neighborhoods affects the marijuana-use patterns of teens. Such research is necessary since what happens in the state capital may have little influence on what happens in particular neighborhoods.

The impact of advertising, packaging and the proximity of retail outlets should also be investigated to reveal how those factors influence the drug-use behavior of minors.

In the meantime, another study that was published shortly before the one on teenage cannabis use shows that the number of cannabis users in Washington State is almost twice what it was thought to be. This study makes the findings showing a lower prevalence of marijuana use among teens even more significant since it becomes clearer that legalization didn’t trigger a spike in the number of teens who can access and consume cannabis.

Cannabis industry participants like Net Element (NASDAQ: NETE) and Medical Cannabis Payment Solutions (OTC: REFG) are glad that verifiable scientific studies are disproving those who want to discredit cannabis at every opportunity.

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About CannabisNewsWire

CannabisNewsWire (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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New Zealand is likely to be the first Asia-Pacific country to legalize recreational cannabis if the expected vote in 2020 goes in favor of legalization. Such a development will make New Zealand the third country in the world to legalize recreational marijuana.

The next general elections in 2020 will have a binding referendum spelling out how exactly the industry will be regulated and managed in case voters approve legalization.

The government announced this approach in order to avoid a situation in which voters approve legalization, and then different parties disagree on how to implement the decision of the voters. A clear example of such a situation is the Brexit issue over which Britons are divided regarding what exactly they approved when they voted to leave the EU.

The decision to include a binding referendum in the next polls was made after the government and the Green Party agreed to work together to take the matter to voters.

The Green Party was particularly vocal in the campaign to legalize recreational cannabis. They argue that it is hypocritical for members of parliament to sit quietly while a law that criminalized marijuana was in force and yet many of them confessed that they had consumed cannabis in the past.

A recent poll conducted by the New Zealand Drug Foundation found that one in three New Zealanders supports the legalization of cannabis.

However, cannabis law reform advocates are unhappy that the government hasn’t revealed what exact question will be put to voters when that binding referendum is held. The Cannabis Reform Coalition suggests that the referendum question should have two parts.

According to them, the first part of the question should be designed to ask voters whether they want adults to grow and possess cannabis for personal consumption. The second part of the question can then ask the voters to state whether they are in favor of letting adults buy cannabis from authorized/licensed premises.

Such a two-part question can help voters indicate which specific form they would like cannabis legalization to take.

It is interesting to note that cannabis may not be the only subject upon which a binding referendum will be conducted come 2020. The New Zealand government is still mulling over the possibility of including a referendum on euthanasia and another on reforming the electoral laws.

Marijuana advocates are hoping that the outcome of the binding referendum is a favorable one, since the country has a history of having voted against changing the flag of the country two years ago (2016). That particular referendum cost the country upwards of $17 million.

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and other industry players like Marijuana Company of America Inc. (OTCQB: MCOA) can only hope that the voters in New Zealand will be given accurate and detailed information upon which to base which way they vote come 2020.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced its optimism with recent passage of the 2018 Farm Bill. Under the bill, the industrial hemp plant and its extracts, including Cannabidiol (“CBD”), containing less than 0.3 percent of THC, will no longer be labeled as a Schedule 1 Drug and will be made a legal commodity, enabling U.S. cultivation and distribution subject to compliance with Farm Bill provisions and associated federal and state regulations and licensing. Per the update, the Brightfield Group’s Hemp CBD Report of 2018 projects that, with passage of the Farm Bill, the market is expected to reach $22 billion by 2022, outpacing the rest of the combined cannabis market. “MCOA and our subsidiaries are anxious to take full advantage of opportunities that passage of the Farm Bill provides to the Company,” MCOA CEO Donald Steinberg stated in the news release. “2019 will be a year of international expansion for our hempSMART product line. We believe the new Farm Bill may also establish a precedence for other countries worldwide to adopt similar laws, which will allow us the opportunity to expand more internationally.”

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

About Marijuana Company of America Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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About CannabisNewsWire

CannabisNewsWire (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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Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) recently commented on the successful passing of the 2018 Farm Bill. The bill removes hemp from the Controlled Substances Act, enabling the commercial cultivation and production of industrial hemp in the United States. “The passing of the 2018 Farm Bill clarifies hemp production and will bolster the growing acceptance of hemp-derived products containing CBD,” Phivida Holdings President and CEO Jim Bailey stated in the news release. “In particular, we expect it will have a positive impact on both of our Vida+ brand (www.HempVidaPlus.com) and Oki lifestyle brand of beverages, tinctures and capsules (www.FeelOki.com), which provide a spectrum of non-psychoactive phytocannabinoids through infusion with active hemp extract. This legislation will be helpful as we engage with major retail chains and grow to have our product on shelves in all 50 states.”

Additionally, Phivida this morning announced the appointment of John Caruso as a Director of the company as well as the resignation of John-David Belfontaine from its Board of Directors. Caruso brings more than 40 years of experience in the food and beverage industry, including knowledge regarding store operations, retail operations, procurement, merchandising and marketing. “As Phivida is launching its Oki brand of active hemp-infused functional beverages in retail stores, with plans to expand into other categories, John’s deep expertise will be a valuable addition to the Board,” Peter Simeon, Chairman of the Board of Directors, stated in the news release. “We look forward to working with him as we continue to focus on building long-term value for our shareholders.”

To view the full press releases, visit http://cnw.fm/eA8n0 and http://cnw.fm/lCHb3

About Phivida Holdings Inc.

Phivida Holdings Inc. is headquartered in Vancouver, BC with operations in San Diego CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses organic active hemp extract into a variety of premium beverages and clinical products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The mission is to help reduce the world’s dependence on pharmaceuticals and provide food and beverage choices that allow customers to live a balanced healthy lifestyle. For more information, visit the company’s website at www.Phivida.com.

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About CannabisNewsWire

CannabisNewsWire (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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Two legislators in Nebraska have announced plans to put medical marijuana on the ballot in 2020 if lawmakers don’t pass a medical marijuana law in the session due to begin in January 2019.

State Senators Adam Morfeld and Anna Wishart announced that they had formed a group, Nebraskans for Sensible Marijuana Laws, to campaign and gather signatures for a ballot measure on medical marijuana.

The two legislators from Lincoln said that their campaign would be similar to what forced the issue in Utah, Oklahoma and Missouri during the recent midterm elections.

Wishart said that they were forced to register this committee after being frustrated by the inaction of the legislative arm in recent times.

The legislature in Nebraska is nonpartisan, but it is dominated by Republicans. Recent attempts to legalize medical cannabis have been blocked by these Republicans who cite different reasons for their actions.

First, they claimed that legalizing medical cannabis is a ruse to allow recreational use in the state. Secondly, some claimed that the medicinal benefits of cannabis are unproven, so there is no reason to pass enabling legislation over unsubstantiated claims.

Attorney General Doug Peterson and Governor Pete Ricketts are also opposed to the legalization of medical cannabis. That notwithstanding, Wishart plans to table another bill in the coming session as a final step before she calls on voters to have their say if the legislature blocks her bill.

This will not be the first time that voters in Nebraska are called upon to bypass the lawmakers on an issue. In 2014, a ballot measure resulted in an increase of the minimum wage after legislators rejected a bill on the matter. In November this year, voters again approved a ballot measure to expand Medicaid in the state when legislators were unwilling to do so. Before that, capital punishment was reinstated in 2015 through a ballot measure.

The two Lincoln legislators will not be on their own as they gather signatures to put medical marijuana on the ballot. The pair will have the support and the resources of the Marijuana Policy Project.

This non-profit was instrumental in the success of similar ballot measures in Utah, Maine, Nevada, Michigan and Massachusetts.  The group feels that it is inhumane to regard the patients who can benefit from medical marijuana as criminals.

The Marijuana Policy Project also believes that their campaign in Nebraska will be successful. After all, the people there already support the proposal to legalize medical marijuana. ChineseInvestors.com (OTCQB: CIIX) and Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) hope that the people, who are the final beneficiaries of medical cannabis, will be at the center of any discussions regarding whether or not to legalize medical cannabis in the state.

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About CannabisNewsWire

CannabisNewsWire (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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This year’s midterm elections saw the passing of a ballot initiate to legalize medical cannabis in Missouri. Now a legislator has pre-filed a bill which will prevent any state official or agency from sharing information about medical cannabis patients in the state with any federal authority.

The bill, sponsored by Republican Nick Schroer intends to make it a Class E felony for any state official to share with the federal government any information about the people holding medical cannabis cards in the state. Anyone convicted for this offense risks a custodial sentence of up to four years.

While it is rare for the Justice Department to prosecute individuals who use medical cannabis in states where it is legal, such a step isn’t entirely unheard of. The protracted case of three family members in Washington is a stark reminder that anything can happen as long as marijuana is still regarded as a strictly controlled illegal substance by the federal government.

Currently, a spending rider passed by Congress stops the federal government from using tax dollars to prosecute individuals who use medical cannabis in states where legalization has taken place.

Why, you may be wondering, would Nick Shroer deem it necessary to propose a bill on a matter that seems to have been settled by Congress? The reason is that policies can shift at the federal level at any time.

State law is therefore necessary to insulate patients from any policy changes that can put them in the crosshairs of the federal government.

Such laws are also intended to send a strong message that the states have their own right to pass and implement their own laws without having to bow to the wishes of the federal government.

Current events show that federal prosecutors are having meetings in different states where cannabis has been legalized in some form during the recent midterms in order to discuss how those policy changes will impact the work of federal prosecutors. This is a good sign that shows that the feds are adjusting to the changes taking place at the state level even if those changes contrast with the position held at the federal level.

Earth Science Tech, Inc. (OTCQB: ETST) and FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) welcome the legal protections that the legislator from Missouri wants to see for medical cannabis patients. Such protections ensure that people in dire need of relief from their medical conditions aren’t looked at as criminals who should be locked up.

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About CannabisNewsWire

CannabisNewsWire (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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Biotechnology company and drug delivery platform innovator Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) recently submitted a Health Canada research application for a license that will permit in-house research in its new Kelowna-based research and development (“R&D”) laboratory. Construction of the new lab, which will be located within Lexaria’s new head office, is anticipated to be completed by the end of January 2019. A recent article further discussing LXRP reads, “Having the work done in-house will help expand the work schedule and reduce costs and development timelines. The company is currently recruiting new staff as it prepares for an increase in operations. Once the research license has been approved under Health Canada’s Cannabis Tracking and Licensing System, Lexaria expects to begin work on cannabinoid-related formulations. There are also plans in place to begin experimental work on nicotine formulations, nonsteroidal anti-inflammatory drugs, vitamins and other bioactive compounds.”

To view the full article, visit http://cnw.fm/7KkE6

About Lexaria Bioscience Corp.

Lexaria Bioscience Corp. licenses disruptive patented delivery technology that promotes healthier ingestion methods, lower overall dosing and higher effectiveness of lipophilic active molecules. Lexaria has multiple patents pending in over 40 countries around the world and has patents granted in the USA and in Australia for utilization of its DehydraTECH™ delivery technology. Lexaria’s technology provides increases in intestinal absorption rates; more rapid delivery to the bloodstream; and important taste-masking benefits, for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (NSAIDs), nicotine and other molecules. For more information, visit the company’s website at www.LexariaBioscience.com.

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About CannabisNewsWire

CannabisNewsWire (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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Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, primarily operates within the direct selling and coffee industries. A recent article discussing the company reads, “Regarding the coffee industry, Youngevity International has its wholly owned subsidiary, CLR Roasters. It is driving coffee revenue growth via green coffee distribution and private-label roasting. It is also driving growth through the sales of owned brands. Brands include Cafe La Rica and Josie’s Java House, as well as retail and food service brands. Supporting Youngevity’s coffee strategy is the company’s coffee plantation and modern dry-processing facility in Matagalpa, Nicaragua (http://cnw.fm/sg9VI). The 1,000 acres under management produce 100 percent Arabica coffee beans.”

To view the full article, visit http://cnw.fm/dBNn0

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven 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. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com.

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About CannabisNewsWire

CannabisNewsWire (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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The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a Cannabis-focused research and development company, detailed several of the accomplishments it has achieved throughout 2018 in recent company updates and announcements. An article discussing the company’s successes reads, “Through the year, the company continued constructing its Hamilton, Ontario, and Valleyfield, Quebec, facilities. In the third quarter of 2018 alone, TGOD deployed $33 million in capital expenditure for this purpose. The company has also focused on optimizing commercial cultivation at its operational facility in Hamilton. The development of five new strains for placement on both the medical and the recreational markets will soon enable The Green Organic Dutchman to provide customers with consistently reliable services.”

To view the full article, visit http://cnw.fm/1TVbH

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.   In addition, TGOD has raised approximately C$460 million and has over 20,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s website at www.TGOD.ca.

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About CannabisNewsWire

CannabisNewsWire (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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Medical Cannabis Payment Solutions (OTC: REFG) is offering licensed cannabis providers a solution to their banking needs with ‘Go!’, an end-to-end payment processing system. A recent article discussing the company reads, “Due to federal regulations, traditional banks are often unwilling to provide full services to the cannabis industry. REFG, on the other hand, is able to provide legal banking and secure payment processing while remaining compliant to ever-changing federal regulations. The company believes that the solution to success is being transparent and complying with regulations rather than working around them. Now averaging 60 million transactions per month along with one million new cards issued, REFG takes the security and safety of every transaction seriously. … When customers of a dispensary sign up for a Go! Card, they are creating a link between their banks – any checking accounts from any U.S. bank – and the dispensaries. When businesses create a Go account, they are providing their customers with convenience and redefining the culture of dispensaries. What was once a dangerous, risky, cash-only store front becomes a safe, convenient place to do business.”

To view the full article, visit http://cnw.fm/Rhk8a

About Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.Take.green.

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About CannabisNewsWire

CannabisNewsWire (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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Cannabis Strategic Ventures (OTC: NUGS) this morning announced the expansion of its independent board of directors and executive team in preparation to uplist to the OTCQB Venture Market Place and expand its portfolio with additional brands and assets. Expansion of NUGS’ independent board of directors is among the final key pieces for OTCQB uplisting. New appointments include the following: SEC attorney Tad Mailander and Jesus Quintero, current CFO of MassRoots, have been appointed to the company’s independent board of directors; Chris Young has been assigned as chief strategy officer; and Arlene Guzman is named as the company’s vice president of communications and operations. “Each of these professionals bring crucial expertise to our brand,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “There are many exciting growth opportunities in the works for 2019 and I look forward to working with our immediate team and strategic industry partners to expand the Cannabis Strategic Ventures portfolio and strengthen our position in the cannabis industry.”

To view the full press release, visit http://cnw.fm/58svC

About Cannabis Strategic Ventures, Inc.

Cannabis Strategic Ventures is a Los Angeles based firm that incubates, develops and partners with category leaders within the cannabis sector. The Firm’s NUGS brand experience provides mentorship and a range of essential services to emerging and existing Cannabis consumer brands. The company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative biotechnology company Earth Science Tech (OTCQB: ETST) this morning announced its plans to take advantage of the new Farm Bill, which is set to legalize U.S. hemp cultivation and hemp-derived CBD and other products, with appointment of David Barbash as its chief sales officer beginning in 2019. Barbash is a results-driven sales and marketing professional and a proven negotiator, manager and motivator with than 20 years of experience in new business development. “It’s an incredibly exciting time at ETST, and I am very thankful to be heading up the team that is going to lead the way in the cannabinoid sector when it comes to product efficacy, purity and clinically backed effectiveness,” Barbash stated in the news release. “In 2019, through increased distribution, an expanded sales force, further emphasis on education and projected record sales, we hope to provide a banner year for our customers, future customers and, ultimately, the consumer.”

To view the full press release, visit http://cnw.fm/SLlY7

About Earth Science Tech, Inc.

Earth Science Tech, Inc. offers the highest purity and quality high-grade full spectrum cannabinoid oil on the market. There are positive results in studies on breast cancer and immune cells through the University of Central Oklahoma; in addition to studies through DV Biologics that prove the company’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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About CannabisNewsWire

CannabisNewsWire (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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Emerging leader in the cannabis, hemp, and cannabidiol (“CBD”) marketplace Golden Developing Solutions (OTC: DVLP) this morning announced the expansion of its hemp and CBD strategy with the launch of a its new products portal, www.WheresCBD.com. The new site will aggregate nationwide CBD products for consumers searching for high-end hemp oil and CBD isolates and mirrors DVLP’s popular WheresWeed.com website and cannabis services hub. “Where’s Weed has been a home run for us since we made the move and acquired the leading cannabis and hemp community hub several months ago,” DVLP CEO Stavros Triant stated in the news release. “We outlined our strategy to invest in cannabis and hemp related services because we believed it was a tremendously undervalued space in terms of online real estate. The development of WheresCBD.com is a natural step in the same direction. Naturally, the signing of the 2018 Farm Bill will only serve to further bolster that momentum. Look for the launch to hit next quarter.”

To view the full press release, visit http://cnw.fm/hN5eO

About Golden Developing Solutions, Inc.

Golden Developing Solutions (DVLP) is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products. Through the website of its wholly owned subsidiary, Pura Vida Vitamins, as well as through wholesale and distribution channels, the company offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements, and CBD-based tinctures, vapes and soft gels, among other products. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle. Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which company intends to make acquisitions in the near future. Currently, 29 states and the District of Columbia have passed laws permitting their citizens to use cannabis for medical and/or recreational purposes. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society. For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com.

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About CannabisNewsWire

CannabisNewsWire (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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Technology and investment company SinglePoint (OTCQB: SING) this morning announced its publication of a video (http://cnw.fm/UjRl5) that discusses the 2018 Farm Bill. According to the update, SING management believes that the reclassification of hemp may be a big driver for its SingleSeed subsidiary, which provides a variety of hemp-based CBD products, from tinctures to waters, at SingleSeed.com.

To view the full press release, visit http://cnw.fm/Jzy3j

About SinglePoint, Inc.

SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (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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The Flowr Corporation (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, this morning announced that it has acquired a 19.8% interest in Holigen Limited for a cash payment of CAD $6 million. The European-based cannabis company is presently developing large-scale cannabis cultivation facilities and Good Manufacturing Process (“GMP”) compliant production facilities. These facilities are anticipated to provide finished medical cannabis products, pharmaceutical ingredients, and plants and seeds to medical cannabis markets worldwide. Per the update, Flowr entered into an exclusive termed intellectual property (“IP”) licensing agreement to provide its cultivation, facility design and construction IP to Holigen during the construction of its facilities in Portugal and Australia and for obtaining its final licenses in those territories. Holigen anticipates it will complete its licensing process for its first site in Portugal by mid-2019 and expects to be part of a small group of licensed producers in Europe operating in GMP-compliant facilities. “The combination of Holigen’s strong management team and incredible assets along with our cultivation, design and construction IP will create what we believe will be a worldwide leader in production,” FLWR Co-CEO Tom Flow stated in the news release.

To view the full press release, visit http://cnw.fm/gR92p

About The Flowr Corporation

Flowr, through its subsidiaries, is a vertically-integrated Canadian cannabis company focused on the natural science of cannabis. With head offices in Markham, ON and production in Kelowna, B.C., Flowr builds and operates large-scale, GMP designed cultivation facilities utilizing their own patented growing systems. Flowr’s investment in research and development ensures that its cultivation team is able to supply patients with consistent, high-quality medicinal cannabis. With a sense of craftsmanship and a spirit of innovation, Flowr is also well positioned with a line of premium quality cannabis products for the upcoming adult-use market. For more information, follow Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and Instagram: @flowrcanada or visit the company’s website at www.Flowr.ca

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About CannabisNewsWire

CannabisNewsWire (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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The election of a new government in Mexico paved the way for quick steps to be made towards the legalization of recreational cannabis. Now the foreign minister of the country has told a Mexican Senate committee that lessons are going to be drawn from countries and jurisdictions where legalization has already occurred.

The government officials will visit Uruguay and Canada, as well as California and other U.S. states where recreational and medical cannabis are legal. Apparently, a Mexican team has already visited Canada to learn about this important process.

Additionally, a bill was filed before the Mexican Senate last month seeking to legalize recreational cannabis in the country.

Several factors have worked together to bring Mexico to this point regarding its policy on marijuana.

First, its war on the drug has only caused violence to spiral out of control, with gangs battling each other and the authorities on an almost daily basis. People grew weary of that endless war and started calling for another way to deal with the problem.

Secondly, the U.S. has been the biggest ally of the Mexican authorities in their battle against marijuana and other drugs (which were ultimately smuggled into the US). However, the Mexicans started questioning the wisdom of going on with an endless fight while a wave of cannabis legalization is sweeping across the states in the US. The Mexicans may have felt that it was time to take a leaf from the book of California, Colorado and the other more than 30 states where cannabis is legal either for recreational or medicinal use.

Thirdly, and perhaps most importantly, the Supreme Court of Mexico made a fifth ruling to the effect that private individuals could not be stopped from growing and consuming cannabis if they so wished.

What was significant about making a fifth ruling?

Under Mexican law, any matter upon which the Supreme Court makes five similar rulings automatically sets a precedent that all other courts in the country must follow. Consequently, the fifth ruling that it was unconstitutional to stop an adult from consuming marijuana meant that no court in the country could deny anyone permission to grow and consume cannabis.

The decision to pass appropriate laws regulating the consumption of cannabis was therefore a necessary step to put into practice what the Supreme Court had already authorized by default.

It is commendable that the Mexican authorities have decided to listen to, and learn from several jurisdictions that have walked the legalization path before them. There is no need to try and reinvent the wheel when lessons abound regarding what to do and what to avoid during this journey.

Global Payout, Inc. (OTC: GOHE) and Generation Alpha, Inc. (OTCQB: GNAL) applaud the rational way in which the Mexican government is approaching cannabis adult-use legalization.

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About CannabisNewsWire

CannabisNewsWire (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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As the buzz around cannabis legalization in different jurisdictions gathers steam, savvy entrepreneurs are cashing in by bringing innovative marijuana accessories to the market. “Higher Standards” is one such store that is cashing in on the heightened interest in marijuana.

The store is housed in the prestigious Chelsea Market in Manhattan. Higher Standards caters to foodies and tourists who want a gift or a rare cannabis accessory as they head off to jurisdictions where marijuana consumption is legal.

One of the most expensive and rare cannabis accessories that you can buy at this store is a glass pipe shaped like a skateboard. This pipe goes for a cool $6,000. Cannabis infusers, cannabis rolling papers and glass containers for matches are other products you will find when you visit this high-end establishment.

Higher Standards has been in New York for more than a year. How can this be possible when recreational cannabis is yet to be legalized?

Sasha Kadey, the chief marketing officer of Higher Standards, explains that the company doesn’t touch the cannabis plant, so it enjoys some leeway that wouldn’t have been possible if Higher Standards was handling cannabis directly.

In New York, there seems to be a silent policy through which such companies that don’t “touch the plant” get a wink and a nod to continue conducting their business. The same mischievous wink is extended to customers who buy the accessories on offer as they are told that the products are for “tobacco use only”.

That knowing wink seems to be bringing good tidings of what is to come for Higher Standards since the store set its own single-day sales record on Black Friday, then went on to crash that record on December 8.

With things looking up, the store has plans to open five more locations, including one that will be in Atlanta. The Atlanta one is expected to open just in time to cash in on Super Bowl Sunday.

Meanwhile, New York is in advanced stages of legalizing recreational cannabis. This move will bring more fortune in the way of dealers of accessories, like Higher Standards. For example, word is that MedMen intends to open an outlet just outside Chelsea Market. This will bring cannabis customers right to the doorstep of Higher Standards, and sales are expected to soar.

Before that happens, however, people seem to be snatching accessories off the shelves of the outlet and business is booming. That seems to be what happens wherever cannabis is permitted. Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) say kudos to Higher Standards for contributing to cannabis culture.

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About CannabisNewsWire

CannabisNewsWire (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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Related Editorial
Growth in the Californian cannabis industry, currently restricted by licensing delays, is expected to accelerate over the coming months, bringing profits for suppliers of cultivation equipment.

• California is one of the largest recreational cannabis markets in the world.
• Recent delays in issuing cannabis licenses in California seem to be approaching an end.
• Outside California, the growing global reach of the cannabis industry is drawing interest from significant international investors.

Sugarmade, Inc. (OTC: SGMD) (SGMD Profile) is one of the companies set to profit from this acceleration, thanks to its sales of hydroponic equipment to cannabis cultivators. Tilray, Inc. (NASDAQ: TLRY) is looking forward to a presence in Latin America after recently establishing a subsidiary in Chile. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has drawn billions of dollars in investment from a beverage giant, while Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) has benefited from a similar move from big tobacco as those industries’ big names look to get involved in cannabis. Meanwhile, Aphria (NYSE: APHA) (TSX: APHA) is expanding its reach beyond North America through an acquisition in Germany.

To hear the CannabisNewsAudio version, visit http://cnw.fm/qh0Rq

To view the full editorial, visit http://cnw.fm/NZtD1

About Sugarmade, Inc.

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.

About CannabisNewsWire

CannabisNewsWire (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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For more information please visit https://www.CannabisNewsWire.com

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Sugarmade (OTCQB: SGMD) this morning commented on recent provisions of the U.S. Farm Bill regarding specific hemp cultivation and legalization. The company believes the passage of the bill could create extra revenue and investment opportunities, as the industrial hemp, CBD oils and other hemp products markets are expected to skyrocket upon implementation of the provisions. “Our vast experience in the supply of cultivation, harvesting and processing products places Sugarmade in a strong position to increase its revenue and profit outlooks as dozens of new operations prepare to come online,” Sugarmade CEO Jimmy Chan stated in the news release. “Many of our current products apply directly to the industrial hemp market, which is now opening up. Additionally, we will be marketing other products directly to this emerging market, particularly relating to post-harvest processing. We see this an important market in which we plan to be involved.”

To view the full press release, visit http://cnw.fm/3iTm9

About Sugarmade, Inc.

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.

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• CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Expands Independent Board and Executive Team to Prepare for OTCQB Uplisting, New Portfolio Brands and Acquisitions
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About CannabisNewsWire

CannabisNewsWire (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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Several U.S. states, such as Illinois and New Jersey, are facing an epic pension crisis and they hope that legalizing marijuana will avail badly needed funds to fix the crisis before it boils over.

For example, Chicago’s pension scheme alone will need a minimum of $1 billion to be injected each year into the retirement benefits scheme four years from today if the city is to meet its obligations to those who served and retired.

Consequently, Chicago Mayor Rahm Emanuel is suggesting that the taxes generated once cannabis becomes legal should be ring-fenced and sent to the pension scheme immediately.

The situation in New Jersey is no better. Debt repayment and pensions are expected to consume at least one third of the state’s budget by 2023. The legalization of recreational marijuana may help to bolster tax collections so that this risky situation is managed before it spirals out of hand.

New Jersey and Illinois still have a lot to do before cannabis can become available to the residents and bring revenue to the state coffers.

Of the two, New Jersey seems to be the closest to passing the necessary enabling legislation. Towards the end of November, committees in the state legislature passed some bills to put an end to cannabis prohibition.

One of the bills made it possible to wipe out some convictions and criminal records related to cannabis, such as those for misdemeanor possession.

However, the major sticking point that is yet to be agreed upon is the rate at which recreational marijuana will be taxed once it becomes available in the state. The Governor wants marijuana to have a 25 percent sales tax imposed on it while the proposed legislation puts it at 14 percent.

Each side is advancing its own reasons explaining why a certain tax percentage is appropriate, but a consensus hasn’t been arrived at as yet.

As already mentioned, Illinois still has ways to go before recreational cannabis is legalized. The incoming governor is in favor of legalization, but no details have been worked out as yet. Analysts suggest that it may take at least one year before adult-use cannabis becomes legal in the state.

Before that happens, however, the opposition of Republican legislators will have to be overcome. This task may be made easier by the approximately $525 million tax kitty expected from the industry each year. Setting up the right legal framework and the related infrastructure will be key to realizing that tax revenue dream or waking up to a different reality.

All in all, the problems that these two states face may not go away even if cannabis brings in the projected taxes since those revenues will be just a fraction of what is needed to keep the states solvent. All that the cannabis industry, including Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) and TransCanna, can do is wish Illinois and New Jersey the best as they find solutions to the funding gaps that they face.

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About CannabisNewsWire

CannabisNewsWire (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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Thailand is in advanced stages of legalizing medical cannabis, but a row over the patent applications filed by foreign cannabis companies may jettison the process that was expected to culminate in a law being passed in January 2019.

Local businesses and activists feel that the granting of those cannabis patents will make the foreign companies control the cannabis industry in the country and deny scientists a chance to conduct needed research on the plant.

Chokwan Chopaka, a cannabis legalization activist, compared the patent applications to someone wishing to patent water and all its uses. Thai law doesn’t allow anyone to acquire a patent for any plant-related substance.

Civic networks and researchers are threatening to take legal action against the government in case the patent applications are approved.

Singapore and Malaysia, Thailand’s neighbors, are just getting started on the debate to legalize medical cannabis, so Thailand would be a kind of pioneer in the Southeast Asian region if it passed the appropriate legislation early next year as expected.

Such an action would be a major undertaking, given that the Asian region has been known to have some of the harshest penalties for possession, distribution and consumption of marijuana. For example, the death penalty is routinely handed out and implemented in Singapore, Malaysia and Indonesia in case someone is convicted for trafficking marijuana.

Similarly, thousands of people have been killed in the Philippines in a drug war that intensified when President Rodrigo Duterte started cracking down on narcotics in 2016.

However, marijuana hasn’t always been illegal in Thailand or the region. Traditionally, it was used as a medicine for sore muscles for Thai field workers for thousands of years. Thai women also used it to ease labor pains.

Those who are familiar with the word “bong” may be surprised to discover that this word (referring to the water pipe used when smoking weed) has its origin in the Thai language. Marijuana only became illegal in Thailand in 1935.

The move to legalize cannabis, at least for medical purposes, is therefore seen as the Thai community returning to its roots of using the plant as a medicine.

Furthermore, Thailand already earns a lot from medical tourism. Adding cannabis to the treatment options available to its visitors will therefore boost the medical tourism industry.

Another major plus for the upcoming cannabis revival in Thailand is the favorable tropical climate of the country which can make it cheaper to grow cannabis when compared to the marijuana grows in other countries, such as Canada.

What is left is for the government to handle the controversy brewing over patents well so that the interests of the indigenous firms are protected without locking foreign companies out. The two need each other if the industry is to develop and thrive to its full potential.

Cannabis industry players, such as Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF), in areas where the sector is thriving can only hope that any sticking issues are resolved early so that the industry in Thailand takes off without any baggage to weigh it down.

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About CannabisNewsWire

CannabisNewsWire (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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The Flowr Corporation (TSX.V: FLWR), a Canadian Licensed Producer of premium cannabis products, was highlighted in a recent article published by The Motley Fool, titled ‘This Tiny Marijuana Stock Could Be Better Prepared for the Coming Supply Glut Than Canopy Growth and Tilray’ authored by Keith Speights. The article discusses several cannabis industry players, including Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) and Tilray, Inc. (NASDAQ: TLRY). Per the article, a smaller company like FLWR might be more prepared for the impending Canadian oversupply than the companies holding larger market caps. FLWR’s low operating costs will better position it to be able to withstand a low-price environment when supply exceeds demand. More importantly, the company boasts high quality products. Flowr’s plan is to remain focused on providing high-quality cannabis while developing methods to improve yield and decrease costs.

To view the full article, visit http://cnw.fm/9wM0x

About The Flowr Corporation

Flowr, through its subsidiaries, is a vertically-integrated Canadian cannabis company focused on the natural science of cannabis. With head offices in Markham, ON and production in Kelowna, B.C., Flowr builds and operates large-scale, GMP designed cultivation facilities utilizing their own patented growing systems. Flowr’s investment in research and development ensures that its cultivation team is able to supply patients with consistent, high-quality medicinal cannabis. With a sense of craftsmanship and a spirit of innovation, Flowr is also well positioned with a line of premium quality cannabis products for the upcoming adult-use market. For more information, follow Flowr on Twitter: @FlowrCanada; Facebook: Flowr Canada; and Instagram: @flowrcanada or visit the company’s website at www.Flowr.ca

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About CannabisNewsWire

CannabisNewsWire (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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Full-scope, premium cannabis company Green Hygienics Holdings (OTC: GRYN) today announced its approval by the OTC Markets Group to up-list to the OTCQB exchange as well as its engagement of Tempus Trade Partners. According to the update, the listing achievement is part of GRYN’s long term strategy to introduce the company to a broader range of U.S. institutional and retail investors and, though full reporting, enable greater liquidity and market awareness. In addition, Green Hygienics has engaged the consulting services of Tempus Trade Partners, a Houston, Texas-based boutique trade, export and business development consulting firm specializing in providing support services to companies involved in international trade. This includes comprehensive trade advice and assistance with all aspects of trade finance, countertrade and barter, as well as Tempus’ capabilities to deploy capital through its partnership with a specialized fund, providing liquidity to the recommended structures.

To view the full press release, visit http://cnw.fm/4nYp5

About Green Hygienics

Green Hygienics Holdings Inc. (OTC: GRYN) is a full-scope, premium cannabis company targeting the high-end medical and adult-use recreational markets. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company business model includes; generating revenues from the cultivation and sales of premium grade cannabis products, developing and licensing valuable IP, creating trusted global consumer brands, and making strategic acquisitions. For more information, visit the company’s website at www.GreenHygienicsHoldings.com.

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About CannabisNewsWire

CannabisNewsWire (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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Medical device technology provider Therma Bright (TSX.V: THRM) (OTC: THRBF) this morning announced receipt of its pain relief device prototype and provided an update on its TherOZap technology. Following introduction of the first design of its device for relief of general, arthritic or orthopedic pain in October, the company has rapidly advanced its development, received the prototype and identified a research group on which it will initiate efficacy tests. Therma Bright has also sent final prototypes of its TherOZap technology to a top research laboratory for testing of the technology against the Zika virus. “We are excited to announce these updates and will report the results of both technologies as they become available,” Therma Bright CEO Rob Fia stated in the news release. “As we diligently work to advance our technologies, our goal remains on strengthening our portfolio and pursuing new applications and opportunities.”

To view the full press release, visit http://cnw.fm/4IIy4

About Therma Bright Inc.

Therma Bright is a progressive medical device technology company focused on providing consumers with quality medical devices that address their dermatological needs. Clear and healthy skin for all is at the core of the company’s philosophy as is the belief that such outcomes should not be a privilege for only those who can afford costly procedures and treatments. The company’s breakthrough proprietary technology delivers effective, non-invasive and pain free skin care. For more information, visit the company’s website at www.ThermaBright.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative biotechnology company Earth Science Tech (OTCQB: ETST) this morning announced that it has ordered the first commercial production run of Hygee, its new medical device for women that enables discreet, anonymous testing for sexually transmitted infections (“STIs”). According to the update, the official launch is scheduled for early 2019, and initial marketing will target North America, South America, Asia and Africa. The company will package Hygee in English, French, Portuguese, Spanish, Vietnamese and Arabic to reach a wide consumer audience. “No other existing method of collecting genital specimens from women is more convenient or more efficient than Hygee,” ETST CEO and Chief Science Officer Dr. Michel Aube stated in the news release. “Through intentional design, Hygee is a ‘mistake proof’ medical device with extremely simple instructions that allow any woman, regardless of age or education the assurance of correctly using the kit on the first try.  With roughly 130 million new chlamydia cases diagnosed yearly, according to the WHO, Hygee is dedicated to this area of women’s health.”

To view the full press release, visit http://cnw.fm/pXp5g

About Earth Science Tech, Inc.

Earth Science Tech, Inc. offers the highest purity and quality high-grade full spectrum cannabinoid oil on the market. There are positive results in studies on breast cancer and immune cells through the University of Central Oklahoma; in addition to studies through DV Biologics that prove the company’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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About CannabisNewsWire

CannabisNewsWire (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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For more information please visit https://www.CannabisNewsWire.com

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ChineseInvestors.com (OTCQB: CIIX), developer of a proprietary financial news media and content platform providing information to the global Chinese-speaking community, this morning announced the appointment of Alex Hamilton to serve as chief financial officer of its wholly-owned subsidiary, CBD Biotechnology, LTD. Hamilton will focus on the execution of the previously announced CBD Biotech spin-off, and will oversee a variety of corporate functions, including accounting, business operations and pricing, financial planning, analysis and reporting, investor relations, internal audit, SEC reporting, tax and treasury functions. “We are all energized by the appointment of Alex Hamilton as the CFO of CBD Biotech,” CIIX CEO Warren Wang stated in the news release. “Mr. Hamilton is a seasoned financial executive, a veteran of Wall Street with over 20 years of experience, strategic advisor, entrepreneur and investor. I am confident he will lead the company through a seamless transition and beyond.”

To view the full press release, visit http://cnw.fm/w9MYL

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

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Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) this morning announced the partnership between its wholly owned subsidiary, Natural Health Services Ltd. (“NHS”), and HelloMD, a leading online cannabis telehealth company, to extend telemedicine services to its patients and provide more Canadian communities with convenient access to medical cannabis advice. According to the update, HelloMD will provide its turnkey white-label services to NHS, providing existing and future patients with online health care practitioner consultation services. NHS currently operates a network of seven medical cannabis clinics in four provinces, and the new option will allow the company to extend its services to areas where there are not existing clinics, reduce wait times and offer the convenience of evening and weekend consultations. “Partnering with HelloMD enhances the NHS mission to improve the way Canadians access safe, regulated medical cannabis and education on how to use cannabis to improve health and quality of life,” NHS Medical Director and Interim President Dr. Mark Kimmins stated in the news release. “By utilizing the telehealth expertise of HelloMD, we will be able to increase our patient base and serve the needs of more Canadians.”

To view the full press release, visit http://cnw.fm/Uif1H

About Sunniva Inc.

Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California. Its ability to leverage large-scale, purpose-built cGMP designed greenhouses, offering better quality assurance with cannabis products free from pesticides, uniquely positions Sunniva as a leading supplier of safe, high quality products at scale. Through its strategically positioned cultivation and extraction facilities, Sunniva intends to launch a suite of branded products in various product categories including flower, pre-rolls, beverages, vape cartridges, and extracts while expanding upstream opportunities including distribution and retail expansion. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries. For more information, visit the company’s website at www.Sunniva.com

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

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In recent times, South Korea has been in the news for cracking down on cannabis use both locally and abroad. Their embassy in Canada even warned South Korean nationals that they will be prosecuted back home if they used medical or recreational cannabis in Canada or anywhere else. However, the East Asian country passed legislation in late November to allow the use of cannabis for medical purposes. This makes it the first East Asian country to do so.

The Food and Drug Safety ministry announced that epilepsy sufferers and those struggling with other rare diseases will be able to access medical marijuana early next year (2019).

The government further announced that medical cannabis products that had gained regulatory approval in other countries would be imported for use in South Korea. However, any medical cannabis product that hadn’t gained regulatory approval in its country of origin would be illegal to use in South Korea.

Similarly, South Korean companies will also be able to cultivate, manufacture and export medical cannabis products after getting regulatory approval from the relevant agencies.

To get medical cannabis, patients will have to submit their medical records showing that they have a qualifying condition. Those records will also be accompanied by a note from a doctor stating that the patient in question has a medical condition for which medication is unavailable in the country.

The Ministry of Food and Drug Safety will then scrutinize those papers and decide whether the patient can start using medical cannabis or not. Approved applicants will get their medical marijuana from the Orphan and Essential Drug Center.

In other words, the government will not allow private entities to participate in the distribution of medical cannabis to the citizens.

Some cannabis legislation advocates are beginning to speculate that the passing of the medical cannabis legislation may eventually pave the way for the legalization of recreational marijuana in the country.

However, such optimism may be farfetched given that the countries in Asia are known for being very conservative and any change comes extremely slowly. Let us not forget that Asian countries are famous for being very harsh on drug use. For example, extrajudicial killings are almost tacitly sanctioned by the Philippines government in case the victims are suspected drug traffickers.

Additionally, the examples of jurisdictions that started with medical marijuana and went on to decriminalize the adult-use of cannabis are still very few.

All the same, the move to allow patients in South Korea to access medical cannabis should be applauded since the substance may help those who had lost hope of ever getting any relief from their ailments.

The Flowr Corporation (TSX.V: FLWR), The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) and other industry players welcome South Koreans to the growing community of people who are enjoying the medicinal effects of cannabis.

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About CannabisNewsWire

CannabisNewsWire (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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Traditionally, state Governors outline their plans during the State of the State address in January. However, New York State Governor Andrew Cuomo has opted to deliver his address early (on Monday, December 17). He talked about his priorities for the first 100 days in office. The issues discussed included his views on the legalization of recreational cannabis in the state.

Gov. Cuomo said that adult-use cannabis should be permitted “once and for all”, and he pledged to see this done within a few months from the start of the new Democrat-dominated legislature in January.

In his speech, it was clearly evident that his opinions on marijuana had undergone a major evolution because he was now championing legalization and yet he had previously opposed marijuana, even medical marijuana, as a gate-way substance.

The Governor lamented that it was time to change things and fix the injustices that had been suffered by the African-American community and other minorities during the selective enforcement of the laws against marijuana use.

The speech didn’t give any details about how the recreational use of marijuana will be regulated within the state. However, some information about the likely regulatory framework can be gleaned from a report that was submitted to the Governor by the Department of Health in the state.

The report famously concluded that the benefits of regulating and taxing cannabis outweighed any shortcomings that could be attributed to legalization of adult-use cannabis. This report seems to have tied the hands of the Governor, especially given that his major opponent (Cynthia Nixon) made legalization the center of her campaign.

The Health Department report estimated that legalizing recreational cannabis would add between $248 million and $677 million in tax revenue within the first year of legalization. Additionally, legalization would fix some of the imbalances in the criminal justice system while easing the opioid crisis.

It is not yet clear how the state will spend the millions in taxes expected from the recreational cannabis industry, but several sectors and sections of the community are clamoring for that money.

For example, one suggestion is that the money be directed to fix the crumbling subway system while other activists suggest that the money should go to the black community that bore the brunt of the injustices during the war on drugs.

The state legislators will have their hands full as they debate and decide how these monies will be spent. Already, some assembly members are threatening to withhold their support for the bill in case the tax money isn’t allocated in the way they approve, such as going to the black communities.

Green Hygienics Holdings Inc. (OTCQB: GRYN) and Golden Developing Solutions, Inc. (OTC: DVLP) urge all involved to consider all sides before eventually passing a law that will allow New Yorkers who so wish to consume recreational cannabis in a way that is safe for all.

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• California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog

About CannabisNewsWire

CannabisNewsWire (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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Sugarmade (OTCQB: SGMD) is one of the largest publicly traded hydroponics supply companies, with brands that include Carry Out Supplies, Cali Grown Supplies, Zen Hydro and BudLife Cannabis Storage Solutions. A recent article discussing the company reads, “To serve this burgeoning market, Sugarmade has launched two divisions. ZenHydro is its online hydroponics store, which offers grow tents, lighting, nutrients and additives, instruments and tools and nearly everything else needed to grow cannabis. Then there’s BudLife Cannabis Storage Solutions, which offers a novel way to preserve the quality of cannabis flowers over long periods. Introduced in late December, the BudLife system has been able to preserve the integrity of cannabis flowers for up to six months.”

To view the full article, visit http://cnw.fm/nOyA4

About Sugarmade, Inc.

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade’s brands include ZenHydro.com, CarryOutSupplies.com, and BudLife Cannabis Storage Solutions. For more information on the company’s products, please visit www.Sugarmade.com.

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About CannabisNewsWire

CannabisNewsWire (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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CannabisNewsWire Editorial Coverage: Growth in the Californian cannabis industry, currently restricted by licensing delays, is expected to accelerate over the coming months, bringing profits for suppliers of cultivation equipment.

• California is one of the largest recreational cannabis markets in the world.
• Recent delays in issuing cannabis licenses in California seem to be approaching an end.
• Outside California, the growing global reach of the cannabis industry is drawing interest from significant international investors.

Sugarmade, Inc. (OTC: SGMD) (SGMD Profile) is one of the companies set to profit from this acceleration, thanks to its sales of hydroponic equipment to cannabis cultivators. Tilray, Inc. (NASDAQ: TLRY) is looking forward to a presence in Latin America after recently establishing a subsidiary in Chile. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has drawn billions of dollars in investment from a beverage giant, while Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) has benefited from a similar move from big tobacco as those industries’ big names look to get involved in…

Read More >>

About CannabisNewsWire

CannabisNewsWire (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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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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The Mormon Church, lawmakers and other stakeholders formulated a compromise bill to legalize medical marijuana long before Prop 2 was voted on in the midterm elections. This compromise deal enabled the different factions to cede some ground on their hard stance about medical marijuana and Prop 2 became a pawn to shape how the final legislation would appear depending on which side won the polls.

Now the polls are over and a law is in place to operationalize the medical cannabis program. In light of this development, Utah published an online advert calling for interested individuals to apply for the job of “Cannabis Program Manager”.

The time within which applications can be submitted is slowly ticking away and the deadline is literally hours away. The job is a hefty one, since the selected candidate will spearhead the establishment of a system to regulate not just medical marijuana but industrial hemp as well.

Hemp cultivation was permitted under the recently passed Hemp Farming Act of 2018, so the Cannabis Program Manager has his or her work cut out.

Among other things, the person selected will be expected to have the ability to “navigate highly stressful and political circumstances” in the course of executing his or her duties. This candidate requirement is a reflection of how sharply divided the population is regarding marijuana despite legalization.

The ideal candidate is also expected to have stellar academic qualifications that will enable him to be the go-to expert on all matters cannabis and industrial hemp.

That person will provide training and leadership to the staff charged with inspecting and enforcing the provisions under which medical cannabis became legal in the state.

It is noteworthy that that Utah opted to select an individual to head the medical cannabis program. Many other states place this responsibility in a commission or other such body where several people at the same seniority level share the responsibility of overseeing such programs.

It remains to be seen how the Utah program will pan out under the direction that they have chosen. Actually, that individual may do a better job than boards since he or she will know that the buck starts and stops at his or her desk regarding the successful implementation of the program. All that is therefore left is to put the right person in office without bending to the wishes of one group or the other since the politicking time has long elapsed and work must be done.

Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other cannabis sector participants like Sugarmade, Inc. (OTC: SGMD) wish the person selected to head the Utah program all the success in the new office.

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About CannabisNewsWire

CannabisNewsWire (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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A recent study whose findings were published in the Contemporary Policy journal shows that prices of new homes jump by up to 7.7 percent in case a cannabis dispensary opens close to those homes.

The researchers compared the data for new homes in Denver, Colorado that were within quarter a mile, half a mile and three-quarters of a mile from a newly opened dispensary. The researchers discovered that the biggest increase (7.7 percent) in price occurred in the price of homes that were within quarter a mile from the cannabis dispensary.

The homes that were within half a mile (but beyond the quarter mile mark) had modest price increases of about 4.7 percent. However, these price hikes fizzled out as the distance between a new home and the cannabis dispensary increased.

It is also interesting to observe that the effect of cannabis dispensaries on housing prices mirrored the effect of new groceries or shopping malls in neighborhoods. However, the researchers refrained from trying to explain why the opening of a cannabis dispensary had such an effect on the price at which homes were sold. They could only guess that it may be due to the convenience of accessing the marijuana dispensary, especially when the public is positive towards marijuana in general.

Another study conducted thousands of miles away in the Netherlands seems to confirm that the findings in Colorado are valid. Igor Goncalves Koehne de Castro, a doctoral student, wrote a master’s dissertation about what happens when a cannabis coffee shop closes in a neighborhood.

He discovered that the rents paid by Airbnb clients reduced by approximately 3 percent in case a cannabis coffee shop closed within a radius of 250 meters from a facility registered on Airbnb.

Locations that were further than 250 meters from the closed coffee shop didn’t register any change in rents.

De Castro had plenty of case studies to follow since lots of coffee shops had closed within the four-year window he examined (2014-2017). Various factors, such as the enactment of laws barring cannabis coffee shops from operating within a certain radius from a school, compelled different marijuana coffee shops to close.

The statistical models from which he gathered his findings reveal that the coffee shops may be an attraction since Amsterdam is a tourist destination and visitors want to be within walking distance from a cannabis coffee shop.

This pair of studies in different geographical locations proves that cannabis legalization has widespread benefits beyond the ones immediately noticeable (taxes and direct jobs in the industry, for example). This also gives further justification that the Colorado jury which dismissed a claim that a marijuana grow facility depressed the value of a nearby property made a correct decision to throw out that claim.

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and other industry participants like SinglePoint, Inc. (OTCQB: SING) welcome this piece of additional positive news about the effects that cannabis is having upon the lives of people.

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About CannabisNewsWire

CannabisNewsWire (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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Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced the launch of its new and comprehensive experiential patient and consumer website designed to deliver the ultimate online cannabis experience. According to the update, the website was upgraded to include patient portals, consumer education centers and an entirely redesigned investor section. “TGOD is committed to providing the ultimate cannabis experience for consumers,” TGOD Vice President, Marketing Andrew Pollock stated in the news release. “A website is the first point of contact for most consumers. Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content and shopability, we believe we have the absolute best website in the cannabis industry today.”

To view the full press release, visit http://cnw.fm/PsC6h

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.   In addition, TGOD has raised approximately C$460 million and has over 20,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s website at www.TGOD.ca.

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About CannabisNewsWire

CannabisNewsWire (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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Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The program is internationally-syndicated and reviews money-focused topics, featuring in-depth interviews with CEOs and executives from various companies offering insights into their operations and future outlooks. SinglePoint CEO Greg Lambrecht appeared on this week’s program to discuss the Senate’s passing of legislation this week to legalize hemp. The television program is available for immediate online viewing at www.MoneyTV.net

To view the full press release, visit http://cnw.fm/Oqfk1

About SinglePoint, Inc.

SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (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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Leading California edibles manufacturer Plus Products (CSE: PLUS) recently announced that it has successfully completed the acquisition of all the assets of GOOD CO-OP, INC. Per the terms of the agreement between the California-based cannabis-infused baked goods brand, its securityholders’ agent and the company, PLUS issued 357,464 subordinate voting shares to the shareholders and holders of simple agreements for future equity of GOOD at a valuation of approximately CAD$2,030,000. Of the subordinate voting shares issued, 323,451 subordinate voting shares are subject to an earn-out as previously disclosed. “At PLUS we believe in executing quickly and are pleased we were able to close the agreement promptly after announcing the planned acquisition,” Plus Products CEO Jake Heimark stated in the news release. “I would like to thank the PLUS team that worked diligently on the deal as well as the GOOD team, who we are excited to have on board.”

To view the full press release, visit http://cnw.fm/rLg2K

About PLUS

Plus Products Inc. is a leading branded products manufacturer based in California. Its products consist of cannabis-infused edibles, which it sells to both the regulated medicinal and adult-use recreational markets. PLUS™ is currently one of the fastest-growing edible brands in California with several top-selling products The company’s mission is to make cannabis safe and approachable – that starts with manufacturing high-quality products delivering consistent experiences. For more information, visit the company’s website at www.PlusProducts.com.

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

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Financial news media and content platform developer ChineseInvestors.com (OTCQB: CIIX) holds a diversified line of products and services, including investor education, to serve Chinese-speaking investors in the United States and other countries. A recent article further discussing the company reads, “Investor education being the mainstay of CIIX, the company has invested heavily in offering a variety of products and services. It provides customers with real-time market analysis, commentaries and lots of educative products presented in the Chinese language. CIIX also supports businesses through public relations and consultative services for private companies looking to go public. … To enable it to provide reliable information services, CIIX has invested in web-based tools, an integrated investment process and personalized support. Through such information, investors can then make informed decisions to meet their individual financial goals.”

To view the full article, visit http://cnw.fm/8Wuby

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified); (b) advertising and public relation related support services; and (c) retail, online and direct sales of hemp-based products and other health related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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About CannabisNewsWire

CannabisNewsWire (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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Full-scope, premium cannabis company Green Hygienics Holdings (OTC: GRYN) employs aeroponic technology in its vertical farming process. This strategy, combined with other proprietary techniques, reliably produces higher yields and a superior product. An article discussing the company reads, “With its vital technology and continuing innovation, Green Hygienics now has its cost per gram for production under $1. Direct competitors, and the industry as a whole, who cultivate a higher end indoor product typically have an effective cost in the $2 to $4 range. Moreover, the company’s product is “extremely strong quality” certified, which is the highest qualification available on the Kirsen Freshness & Quality Scale. Therefore, Green Hygienics’ focus on production quality, efficiency and cost containment bodes well for future initiatives by the company.”

To view the full article, visit http://cnw.fm/0kN4x

About Green Hygienics

Green Hygienics Holdings Inc. (OTC: GRYN) is a full-scope, premium cannabis company targeting the high-end medical and adult-use recreational markets. With more than 25 years of experience in agricultural science and innovation, Green Hygienics is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company has integrated and is developing its own IP assets related to proprietary systems and apparatus, software, algorithms and custom-engineered hardware. This provides ultimate efficiencies in a commercially controlled cultivation environment. Utilizing the advantages of hybrid-aeroponics, Green Hygienics creates a sterile growing environment that produces consistent, pharmaceutical-grade cannabis at much higher yields and greatly reduced costs. The company business model includes; generating revenues from the cultivation and sales of premium grade cannabis products, developing and licensing valuable IP, creating trusted global consumer brands, and making strategic acquisitions. For more information, visit the company’s website at www.GreenHygienicsHoldings.com.

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About CannabisNewsWire

CannabisNewsWire (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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The New York and New Jersey regional officer of the Department of Housing and Urban Development (HUD), Lynne Patton, has revealed that there is a need to reconcile state and federal marijuana laws so that individuals who are using medical marijuana in locations where it is legal don’t risk losing federally subsidized housing.

She was reacting to media reports about a 78-year old man (John Flickner) who had been evicted from his apartment in Niagara Falls, New York due to his use of medical cannabis.

Lynne Patton went on to reveal that she was working to get Flickner back into permanent housing once more, as well as helping any other individuals in the same situation.

The good news is that John Flickner received a call from his former landlord asking him to retake his apartment shortly after Flickner’s case appeared in the media. The company owning that block of apartments also revealed that it was reconsidering its policy on medical marijuana. It was not clear whether the Department of Housing and Urban Development played a role in getting Flickner to return to his old apartment.

New York is expanding its medical cannabis program, and plans are underway to legalize recreational marijuana as well. These developments have raised concerns about what will happen to all those people who live in federally subsidized housing and want to use medical or recreational marijuana.

It should be remembered that President Clinton signed a law in 1998 barring landlords from having a tenant (new or existing) who uses an illegal substance, such as cannabis.

However, President Obama’s government wrote a memo in 2014 clarifying that landlords had the liberty to accept or reject (even evict) tenants who consume illegal substances. The eviction of Flickner was therefore done at the discretion of the landlord since there was no legal obligation for that action to be taken.

Good news may be on the way for people in federal housing regarding marijuana. This is because the Department of Housing and Urban Development (as hinted upon by Patton) is working to clear up the policy issues resulting from the difference between state and federal laws. In the meantime, Congress may act on the same issue either sooner or after HUD reconsiders its position formally.

Congresswoman Eleanor Holmes Norton, a Democrat from DC, introduced a bill that seeks to provide housing safeguards at the federal level for people using either medical or recreational marijuana in legal states.

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), Plus Products Inc. (CSE: PLUS) and others in the industry are saddened by the fact that an old man (John Flickner) had to undergo the distress of being evicted in order for the housing authorities to see that things need to change.

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About CannabisNewsWire

CannabisNewsWire (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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The Expert Committee on Drug Dependence (ECDD) of the World Health Organization (WHO) met in November to discuss whether the scheduling of marijuana should be revised from its current status as a Schedule 1 substance to another less restrictive category. In a surprise move, the expected release of their findings has been postponed to January instead of this month as had earlier been indicated.

The ECDD called for, and received input from various stakeholders regarding various aspects of cannabis, such as its medicinal value as well as evidence of abuse or overdose incidents. The response to this call was massive, as was the situation when the FDA asked for input on the same matter in October.

The WHO committee subsequently released a pre-review report which had some positive findings about cannabis, such as the observation that no evidence had been presented that any fatality had ever occurred due to a cannabis overdose. The pre-review also indicated that there was evidence to show that some ingredients in cannabis can improve sleep and reduce pain.

The findings in the pre-review prompted the agency to take their examination a notch higher with a critical review done on the findings gathered. The findings of that in-depth critical review would then be used by the UN Commission on Narcotic Drugs to decide whether to revise the scheduling of cannabis or leave it in the category where it is currently listed.

It is the release of the recommendations made after the in-depth critical review that have been delayed until January next year.

The Expert Committee said more time was needed “for clearance reasons” before the recommendations are made public. This announcement poured cold water on the marijuana advocates’ spirits since they had expected a favorable recommendation on the basis of the findings stated in the pre-review.

Speculation is rife that the delay was motivated by political factors since a recommendation to reschedule cannabis would have imposed a lot of pressure on various authorities to adjust their stance on cannabis. Remember, the UN sets the agenda for many international policies and member states are expected to follow the suggestions made by the world body.

Whatever the true reason for the delay, the Commission on Narcotic Drugs will meet in March 2019 and vote on the scheduling of cannabis. So, a decision will still be made one way or the other, and it may be hard for the Commission to keep cannabis as a Schedule 1 substance yet pure CBD (cannabidiol) was removed from international scheduling so that access by patients isn’t restricted. CBD can be extracted from cannabis.

Industry players like Medical Cannabis Payment Solutions (OTC: REFG) and Net Element (NASDAQ: NETE) eagerly await the decision made by the UN since such a decision will have a global impact on how the cannabis industry evolves.

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About CannabisNewsWire

CannabisNewsWire (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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Related Editorial
With federal legalization of hemp expected in the United States by Christmas, the farming and cannabidiol product industries are anticipating great changes in their future.

• Hemp farming, which has been illegal in the United States since 1970, is about to be made legal under the newest Farm Bill legislation.
• Pilot projects and work in Canada have allowed companies to prepare for U.S. hemp farming by developing their techniques, science and crop strains.
• With legalization promising great growth, companies are seeking paths to investment opportunities.

Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile) is among the innovating companies carrying out cultivation, research and development projects on sites in the United States and Canada. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has been expanding its operations through partnerships with other companies, covering investment, supply and research. Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) has expanded its cultivation and markets while negotiating for fresh investment. Aphria, Inc. (NYSE: APHA) (TSX: APHA) has partnered with a company specializing in branding to develop new consumer-driven brands and products for the cannabis market. Aurora Cannabis, Inc. (NYSE: ACB) (TSX: ACB) is putting out new products in the United States and looking to export those products abroad, following the successful export of medical cannabis into Europe.

To hear the CannabisNewsAudio version, visit http://cnw.fm/3DVew

To view the full editorial, visit http://cnw.fm/ek4Xg

About Marijuana Company of America, Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

About CannabisNewsWire

CannabisNewsWire (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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Medical device technology provider Therma Bright (TSX.V: THRM) (OTC: THRBF) is developing an innovative pain relief device that joins its thermal therapy technology with medical grade cannabis or cannabidiol (“CBD”) from hemp in the form of a cream or gel. A recent article discussing the company reads, “Therma Bright will conduct all research and handling of any medicinal cannabis through authorized and licensed research facilities (http://cnw.fm/lse5T). The company has also initiated patent and trademark protection for its thermal therapy technology that incorporates medicinal cannabis. Once approvals are secured, Therma Bright plans to sell the device through licensed cannabis producers and retailers across Canada and in international markets where cannabis has been legalized.”

To view the full article, visit http://cnw.fm/J12pq

About Therma Bright Inc.

Therma Bright is a progressive medical device technology company focused on providing consumers with quality medical devices that address their dermatological needs. Clear and healthy skin for all is at the core of the company’s philosophy as is the belief that such outcomes should not be a privilege for only those who can afford costly procedures and treatments. The company’s breakthrough proprietary technology delivers effective, non-invasive and pain free skin care. For more information, visit the company’s website at www.ThermaBright.com.

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About CannabisNewsWire

CannabisNewsWire (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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Golden Developing Solutions (OTC: DVLP), an emerging leader in the cannabidiol (“CBD”) products marketplace, recently launched its new software division, Greener Grows, which will share metrics and network with the industry’s top innovators. A recent article discussing the company reads, “Prior to the launch of its Greener Grows division, the company, on its WheresWeed.com site, took a leadership position by offering ways for cannabis dispensaries to improve their local search rankings. Tips include using targeted keywords within the titles of their sites, seeking third party listings, listing in directories and handling reviews, good or bad. The platform also describes how to leverage social media to build loyalty and create relationships within the local community (http://cnw.fm/8hatR).”

To view the full article, visit http://cnw.fm/JT5f1

About Golden Developing Solutions, Inc.

Golden Developing Solutions (DVLP) is developing an online retail business for cannabidiol (CBD), hemp oil and health/wellness-related products. Through the website of its wholly owned subsidiary, Pura Vida Vitamins, as well as through wholesale and distribution channels, the company offers a broad range of high-quality, price-competitive products, including traditional vitamins, supplements, and CBD-based tinctures, vapes and soft gels, among other products. Merchandise also includes hemp and CBD-related products and additional products focusing on health and lifestyle. Golden Developing Solutions is a development-stage company providing business services and/or products supporting the cannabis industry, in which company intends to make acquisitions in the near future. Currently, 29 states and the District of Columbia have passed laws permitting their citizens to use cannabis for medical and/or recreational purposes. Cannabis has shown encouraging signs as a treatment for various medical conditions and has become increasingly more acceptable to the public and society. For more information, visit the company’s websites at www.PuraVidaVitamins.com and www.WheresWeed.com.

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About CannabisNewsWire

CannabisNewsWire (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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Leading omni-direct lifestyle company Youngevity International (NASDAQ: YGYI) this morning announced that CLR Roasters, its wholly owned subsidiary, has accepted an invitation to join Amazon Vendor Central and has hired Digital Operative to assist the company in growing its brand internationally. According to the update, CLR Roasters will offer its Café La Rica espresso and Josie’s Java House coffee brands on Amazon Vendor Central, while Amazon will manage customer selling logistics, order fulfillment and customer support. In addition to the expected increase in national sales spurred by the Amazon agreement, CLR Roasters has partnered with award-winning, full-service digital agency Digital Operative to assist in brand expansion. “We are excited that two of our company owned brands are gaining national distribution on Amazon,” Youngevity International President and CFO Dave Briskie stated in the news release. “We believe the team at Digital Operative will have a significant impact on the growth of Café La Rica and Josie’s Java House nationally.”

To view the full press release, visit http://cnw.fm/iOd3i

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI) is a leading omni-direct lifestyle company offering a hybrid of the direct selling business model that also offers e-commerce and the power of social selling. Assembling a virtual Main Street of products and services under one corporate entity, Youngevity offers proven 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. The company was formed during the summer 2011 merger of Youngevity Essential Life Sciences with Javalution® Coffee Company (now part of the company’s food and beverage division). The resulting company became Youngevity International, Inc. in July 2013. For more information, visit the company’s website at www.YGYI.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative biotechnology company Earth Science Tech (OTCQB: ETST) this morning announced successful in vitro analyses of gynecological samples collected utilizing its new Hygee medical device. Hygee is a discreet, wearable medical device for women to anonymously test for sexually transmitted infections, with collected samples tested by Procréa. According to the update, pre-launch results identified the presence of Chlamydia in test subjects, confirming earlier testing in more than 500 women. “Hygee is an incredible innovation, and we have partners from many countries waiting to market the device,” ETST CEO and Chief Scientific Officer Dr. Michel Aubé stated in the news release. “This is only the beginning of realizing the potential of this unique device, and we look forward to updating our shareholders on our progress.”

To view the full press release, visit http://cnw.fm/K6ePv

About Earth Science Tech, Inc.

Earth Science Tech, Inc. offers the highest purity and quality high-grade full spectrum cannabinoid oil on the market. There are positive results in studies on breast cancer and immune cells through the University of Central Oklahoma; in addition to studies through DV Biologics that prove the company’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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About CannabisNewsWire

CannabisNewsWire (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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Technology and investment company SinglePoint (OTCQB: SING) announced this morning that it looks ahead to provide insight on how the company plans to carry its 2018 momentum forward into 2019. Upon recent signing of the Farm Bill by the Senate and House, SinglePoint will continue to build its presence in the hemp product space, and management is actively adding hemp products to the company’s subsidiary SingleSeed.com. According to the update, SING is expecting to top $1,000,000 for 2018 and triple that in 2019 through additional acquisitions and continued growth of current portfolio companies. “We are excited about the opportunity to be in the distribution space for CBD products, I took a distribution company public on the NASDAQ in 1996,” SinglePoint CEO Greg Lambrecht stated in the news release. “I believe with the contacts and the massive opportunity in the market SinglePoint may be able to break in to the big box stores once the Farm Bill passes and the exact rulings shake out. We will also be looking hard to acquisitions to help us get into these stores more quickly.”

To view the full press release, visit http://cnw.fm/fU5uW

About SinglePoint, Inc.

SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (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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Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced its partnership with HelloMD, a leading online cannabis healthcare company. The venture seeks to streamline TGOD’s medical cannabis onboarding experience through integration of HelloMD’s convenient online clinic services and TGOD’s best-in-class approach to patient care. According to the update, TGOD will begin selling its premium, certified-organic cannabis to medical patients in late January of next year. “At TGOD, ‘Making Life Better’ is not just our brand tagline, it’s our ongoing commitment to every consumer,” TGOD Vice President of Marketing Andrew Pollock stated in the news release. “Patients deserve premium organic cannabis and through the partnership with HelloMD, we are pleased to provide increased access to TGOD’s product lines with the highest level of customer service and functionality to our patients.”

To view the full press release, visit http://cnw.fm/M3QlX

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.   In addition, TGOD has raised approximately C$460 million and has over 20,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s website at www.TGOD.ca.

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About CannabisNewsWire

CannabisNewsWire (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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FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced that Refined Resin Technologies Inc., an investee company of FNNZF, has achieved its California state Temporary Manufacturing License for Adult and Medicinal Cannabis Products. The conditional license permits Refined Resin to engage in commercial cannabis activity and positions it to submit for its annual license by the end of the year. Refined Resin’s previously submitted Oakland City Building Permit to refit its 6,000 square foot manufacturing facility for full production is also expected by Dec. 31, 2018. Construction at the facility is anticipated to be completed roughly 90 days from approval and production is expected to commence the following month. “California is a well-regulated jurisdiction and acquiring the right licenses in a timely manner is essential to success,” FinCanna Capital President and CEO Andriyko Herchak stated in the news release. “We are impressed with the Refined Resin leadership team as they skillfully drive their business towards build out and commercialization of their Oakland based manufacturing facility.”

To view the full press release, visit http://cnw.fm/tSj2c

About FinCanna Capital Corp.

FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies exclusively in U.S. legal states, with a focus on California. The company is differentiated by its royalty business model that is based upon providing capital to best in class U.S. cannabis businesses for a percentage of their top line revenue. It is a “stream of income” model that supports the growth of investee companies by providing them with an infusion of cash on terms that are less restrictive than debt and without the requirement to surrender a large equity stake in their business. In return, FinCanna receives on going cash payments based on a negotiated percentage of an investee’s topline revenue. FinCanna diversifies its risk by investing in multiple sectors to generate multiple income streams in various industry verticals. For additional information visit www.FinCannaCapital.com.

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About CannabisNewsWire

CannabisNewsWire (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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One of the stereotypes that surround marijuana consumers is that they become forgetful when high on cannabis. However, a new study at the University of Florida has established that such a stereotype is just a myth.

The researchers designed the study in a unique way that involved exposing rats to cannabis smoke so that they inhale it. The rats were first taught to perform a number of delayed response tasks, such as poking the nose into a feeding trough a defined number of times before getting a reward of food pellets.

Alternatively, the rats in the study were required to look for, and press a lever several times before getting their reward.

The rats were divided into two groups based on their gender. In total, 32 rats took part in this study. Females tended to have lower working memory scores when compared to the scores of the males before cannabis smoke was introduced.

The researchers compared the working memory scores of the two groups when the rats were sober and how they performed after being exposed to cannabis smoke. The results showed that there appeared to be no difference in the scores obtained by the male rats when sober and after inhaling cannabis smoke.

However, there was a marked improvement in the working memory of the female rats when they performed the delayed response tasks after being exposed to the marijuana smoke. Remember, the female rats had lower scores in the working memory tasks performed prior to the introduction of cannabis smoke.

The placebo smoke used as a control in the study didn’t trigger any changes in the cognitive performance of either the male or female rats. This leaves the only logical conclusion for the better working memory as attributable to the cannabis smoke to which the rats were exposed.

The researchers also experimented with the dosage, the timing and the route of cannabis administration. Each of these variables triggered a difference in the working memory of the rats in the study.

Consequently, the researchers concluded that the cognitive outcomes observed will vary based on the specific route, dosage and duration of cannabis administration. They called for additional research to be done on this subject so that a better understanding of the effects of cannabis on cognitive function can be attained.

Stakeholders in the cannabis sector, such as Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Marijuana Company of America Inc. (OTCQB: MCOA) welcome all scientific studies that help to separate fact from myth on the subject of marijuana.

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About CannabisNewsWire

CannabisNewsWire (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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A couple that owns a gourmet condiment company in Baltimore has branched into a new niche of teaching medical cannabis card holders how to cook with cannabis. Will Parks and his wife Gwenele Parks decided to branch into cooking with cannabis because they are certified medical cannabis patients and needed other ways to consume their medicine instead of being restricted to smoking it. They imagined, and rightly so, that other patients were interested too.

Maryland banned edibles from its medical marijuana program, but the Parkses and others have partnered with some medical cannabis dispensaries in the state to teach people how to blend marijuana into various foods at home.

In order to avoid flouting the law, Will Parks and his wife don’t use actual cannabis as they conduct their cooking with cannabis classes. Instead, they use ordinary ingredients while teaching the concepts of infusing food with cannabis.

The couple has so far held six classes since July, with some sessions being sold out. Infusing food with cannabis makes the effects of the cannabis last longer since food isn’t digested and absorbed as quickly as smoking cannabis.

The number of patients on the medical cannabis program has been growing rapidly. For example, by November, the registered patients had more than doubled from the 22,437 who had got medical cannabis cards in April. This massive growth is fueling the demand for the lessons offered by the Parkses.

Many patients, such as Kiara Walker, said that they attended the classes in order to get skills to make edibles. The edibles can be carried around discreetly without attracting any of the stigma that is still directed towards those who smoke cannabis.

However, some people still regard cannabis edibles as another avenue for recreational users to abuse cannabis. Will Parks thinks such an attitude is wrong because people can abuse anything, including food and alcohol.

He emphasizes that the lessons he and his wife conduct pay a lot of attention to cannabis dosing so that patients aren’t exposed to the side-effects of consuming too much cannabis at once. Furthermore, this information on dosing is vital given that the effects of cannabis don’t start as quickly as is the case when you smoke the substance.

That wait time can expose you to the risk of eating too much, so knowledge about dosing requirements will safeguard you against that risk.

Will and his wife don’t just teach and leave it at that. They go a step further and give their students a packet of written instructions so that the people who attend the cooking classes can experiment with different recipes while at home.

This, however, doesn’t seem to quieten the critical voices against cannabis edibles and the classes organized by people like Will Parks and his wife. They say cannabis edibles can still end up in the hands of minors, but such critics forget that medical cannabis is also kept at home where minors may access it if care isn’t taken. Similar precautions are taken to keep edibles out of the wrong hands.

Nonetheless, Generation Alpha, Inc. (OTCQB: GNAL), Global Payout, Inc. (OTC: GOHE) and other participants in the marijuana industry applaud the creativity of Will and Gwenele Parks.

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About CannabisNewsWire

CannabisNewsWire (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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Cannabis Strategic Ventures (OTC: NUGS) this morning announced a major common share restructuring led by its CEO Simon Yu, who will cancel 60 million shares with the intention to increase shareholder value as well as uplist to the OTCQB Venture Market Place. This latest restructuring expands on an August 2018 undertaking where NUGS canceled 75.6 million shares, including 20 million from Yu, also aimed at increasing value for investors and to qualify the company for OTCQB uplisting. “2018 has been a tremendous year for the cannabis industry, marijuana stocks and cannabis investors. Reducing the number of outstanding shares increases the value for our shareholders and signals management’s commitment to building an industry-leading organization,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “Along with increasing shareholder value, moving to a higher tier exchange is a priority for our Company. OTCQB, will help broaden our shareholder base, provide better access to institutional investors and create additional value to current shareholders.”

To view the full press release, visit http://cnw.fm/RC7y3

About Cannabis Strategic Ventures, Inc.

Cannabis Strategic Ventures is a Los Angeles based firm that incubates, develops and partners with category leaders within the cannabis sector. The Firm’s NUGS brand experience provides mentorship and a range of essential services to emerging and existing Cannabis consumer brands. The company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced that it has upgraded its trading tier on the OTC Markets to the OTCQB Venture Marketplace. MCOA views the move as an important step in continued distinction in the marketplace, enabling the company to provide investors with transparent and reliable operations audit information, business strategy overviews and current quarterly financial statements. “Our company will continue to be aggressive in executing our business plan and we believe this is a necessary step to help legitimize MCOA as one of the top fully reporting public cannabis companies involved in the hemp-derived CBD sector,” Marijuana Company of America CEO Donald Steinberg stated in the news release. “MCOA will continue to expand our operations in the U.S. as well as launch our hempSMART product line internationally in 2019.”

To view the full press release, visit http://cnw.fm/0Wu4r

About Marijuana Company of America Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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About CannabisNewsWire

CannabisNewsWire (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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Redfund Capital (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) this morning announced the formation of a strategic alliance between two of its portfolio companies, Winterlife Inc. and Mary’s Wellness Ltd., to begin a global cannabis product launch. The two companies are working together to first launch Mary’s Wellness, a well-known Canadian tea brand, into the US. In addition to a planned Canadian introduction once CBD edibles are permitted in the country, Winterlife is also working on its own massive US expansion by branding a new suite of Winterlife CBD products.

“The emphasis on globalization for Mary’s Wellness signals Redfund’s commitment to our rapidly growing array of international clients in our portfolio. Helping companies organically grow and build their valuation by increasing their revenues has always been at the core of our business model.  We look forward to Winterlife’s national expansion and Mary’s Wellness launch abroad and both companies looking to the Public Markets for their own listings in 2019,” Redfund Capital CEO Meris Kott stated in the news release.

To view the full press release, visit http://cnw.fm/Aanv3

About Redfund Capital Inc.

Redfund intends to provide debt and equity funding in the mid-to-late stages of a target company’s development or in technologies that are developed and validated by revenues. The present focus of the merchant bank is on medical cannabis, hemp and CBD-related and healthcare-related companies. For further information, visit the company’s website at www.RedfundCapital.com

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About CannabisNewsWire

CannabisNewsWire (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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The National Center for Complementary and Integrative Health (NCCIH) held a workshop on December 8 to interact with representatives of various cannabis industry stakeholders and federal agencies to discuss cannabinoid research. At the end of that workshop, the federal agency announced four funding opportunities for entities that were interested in conducting research on natural products like cannabis.

For example, one funding opportunity is earmarked for looking into how cannabinoids, excluding THC, affect pain.

Those four research projects are also intended to map the “biological signature” of the natural products being studied as well as establishing dosage levels in case those products are found to be therapeutic.

The researchers who want to access the funding need to secure authorization from the different federal government agencies, such as the DEA, which have jurisdiction over the controlled substances in question. Additionally, the researchers should provide detailed plans of how they intend to conduct the studies.

It is interesting to note that only one of the four funding opportunities makes a direct reference to marijuana even if the content of the briefs appear to focus on cannabis. The careful wording may be an attempt to work around the existing restrictions on funding cannabis research.

The current call for research proposals comes after the Drug Enforcement Administration granted different cultivators authorization to grow approximately 5.400 pounds of marijuana in 2019. This quantity more than quadruples what was grown with DEA permission in 2018.

The agency explained that the spike in the quantity of cannabis grown with the agency’s approval was intended to meet the huge demand for research-grade cannabis in the coming year.

The increased supply from different sources is expected to ease some of the frustrations that researchers had with the Mississippi farm where cannabis could only be obtained in previous years. Researchers complained that they couldn’t obtain sufficient quantities from that Mississippi farm, and even when they got the cannabis it was of such poor quality that it would hardly serve the purpose for which it was obtained.

The fact that different government agencies participated in the workshop organized by NCCIH may indicate that there is a conversation going on within the federal government about cannabis. It is possible that the feds are giving serious thought to the possibility of passing legislation to allow medical cannabis at some point in the future. If that wasn’t the case, then federal money wouldn’t be channeled into cannabis research, or researchers wouldn’t be permitted to study cannabis.

Golden Developing Solutions, Inc. (OTC: DVLP), Green Hygienics Holdings, Inc. (OTC: GRYN) and other stakeholders hope that the funding opportunities increase, and that the federal government eases its prohibitionist stance on marijuana.

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About CannabisNewsWire

CannabisNewsWire (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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The marijuana industry looks poised to grow massively, and the current wave of legalization in different US states has paved the way for entrepreneurs and innovators to bring new products to the market. The latest addition to the cannabis world is an interactive cannabis museum in downtown Las Vegas aptly named “Cannibition”.

This museum is the brainchild of J.J Walker. He felt that marijuana needed to be given an immersive experience akin to what ice cream, pizza, avocadoes and other products get.

The entrepreneur intends to teach visitors to Cannibition about the entire journey of cannabis from when it is a seed until it is consumed. With a ticket going for $24, museum visitors can expect an unforgettable treat that will see them observe a cannabis grow operation, admire the largest cannabis bong in the world, literally take a dive into a huge pool of cannabis buds, and have so many other cannabis-related experiences.

J.J Walker isn’t just getting into the cannabis industry. He was in thick of things when Colorado legalized medical marijuana in 2008 and he opened a dispensary at a time when the state didn’t have any regulations in place for the industry.

Walker sold the dispensary about three years later and started a cannabis tour company. He operated that tour company for four years and his work there led him to be inspired to start the museum.

He felt that people interested in cannabis deserved better. For example, the cannabis lounges in states where adult-use cannabis is legal aren’t anything to post on Instagram because they tend to be plain locations with seats where people can smoke their joints and leave half an hour later.

Cannibition is intended to address that shortcoming and give cannabis consumers and non-consumers an experience they will enjoy while learning about the plant.

For example, the experienced of “being smoked” into giant red lips before emerging on the other side to the different fragrances of cannabis will thrill all your senses. The experience of touching the 24-foot largest bong in the world is also exhilarating. Everything was designed to be “Instagrammable”, so your smartphone camera will have a very busy time while you are in the museum.

Walker selected Las Vegas because of the 43 million visitors that come there each year. He sees an opportunity to teach as many people as possible about cannabis so that the transformation of cannabis from the shunned “weed” to a lifestyle can be completed sooner.

Remember that the world’s largest cannabis superstore was also opened in Las Vegas, so the city seems to be carving a place for itself as the cannabis capital of the world. Cannabis industry participants like Earth Science Tech, Inc. (OTCQB: ETST) and FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) congratulate J.J Walker and his team for contributing to the cannabis culture.

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About CannabisNewsWire

CannabisNewsWire (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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Medical Cannabis Payment Solutions (OTC: REFG) serves the legal cannabis industry through its first-class, end-to end payment processing system called “Go.” A recent article discussing the company reads, “Offering the benefits of banking and merchant processing, Medical Cannabis Payment Solutions continues to innovate in the legal cannabis sector. The company’s goal is to help businesses operate legally and process payments securely. Regulatory compliant and dedicated to this mission, Medical Cannabis Payment Solutions offers its customers and stakeholders new ways to do business in a burgeoning industry.”

To view the full article, visit http://cnw.fm/qW3nV

About Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.Take.green.

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About CannabisNewsWire

CannabisNewsWire (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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Hemp-cultivated cannabinoid innovator Phivida Holdings (CSE: VIDA) (OTCQX: PHVAF) this morning announced the appointment of Covet Public Relations (“PR”) as its national U.S. public relations agency of record, effective immediately. The award-winning PR agency, led by Founder and CEO Sara Brooks, will oversee the company’s communications to support and raise the visibility of its Oki lifestyle brand. The company recently launched the line of functional beverages and supplements infused with active hemp extract (www.FeelOki.com). “We are very excited to be partnering with an agency of Covet PR’s pedigree in the CPG space,” Phivida Holdings CMO Mike Cornwell stated in the news release. “The list of clients they’ve worked with to build their brands speaks for itself. They will play a pivotal role in helping us build awareness and excitement around the Oki brand in the U.S. market and we are looking forward to working with Sara and her bicoastal team for Oki’s U.S. launch.”

To view the full press release, visit http://cnw.fm/QU4Zn

About Phivida Holdings Inc.

Phivida Holdings Inc. is headquartered in Vancouver, BC with operations in San Diego CA. Phivida is a premium functional food and beverage company focused on whole plant nutrition and natural ingredients that help best maintain overall health and balance in the human body. The company infuses organic active hemp extract into a variety of premium beverages and clinical products for everyday health. Phivida embraces and celebrates a return to organic, natural, plant-based foods and beverages, and a focus on holistic health and wellness. The mission is to help reduce the world’s dependence on pharmaceuticals and provide food and beverage choices that allow customers to live a balanced healthy lifestyle. For more information, visit the company’s website at www.Phivida.com.

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About CannabisNewsWire

CannabisNewsWire (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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Innovative biotechnology company Earth Science Tech (OTCQB: ETST), which is now an “OTC reporting issuer” in the Canadian province of Québec, today announced that its board of directors is considering a dual listing of its common shares on the Canadian Securities Exchange (“CSE”). According to the update, ETST intends to file an application with the CSE early next year, and listing is possible as early as Q3 2019 subject to certain regulatory approvals to allow the company to market and sell its common shares to Canadian investors.

“The Canadian Securities Exchange has seen significant increases in trading, particularly in the cannabis and CBD space,” Earth Science President, Director and Chairman Nickolas S. Tabraue stated in the news release. “We feel that by listing on the two exchanges we will attract more investors in both the U.S. and Canada, creating further liquidity and increasing our ability to raise capital in a different market. With our R&D operations conducted in Canada and our CEO residing in Canada, considering a listing on the CSE makes the most sense.”

To view the full press release, visit http://cnw.fm/t5HUJ

About Earth Science Tech, Inc.

Earth Science Tech, Inc. offers the highest purity and quality high-grade full spectrum cannabinoid oil on the market. There are positive results in studies on breast cancer and immune cells through the University of Central Oklahoma; in addition to studies through DV Biologics that prove the company’s CBD oil formulation lowers cortisol and functions as a neuro-protectant, with positive result case studies through key health organizations. ETST formulates, markets and distributes the CBD oil used for its studies to the public, offering the most effective quality of CBD on the market. For more information, visit the company’s website at www.EarthScienceTech.com.

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About CannabisNewsWire

CannabisNewsWire (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.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
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Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced the launch of a new corporate hempSMART™ website as well as a new marketing platform for the company’s associates. The new associate platform enables hempSMART customers to subscribe monthly to its products, which will result in monthly reoccurring revenue for MCOA. The new platform is designed to incentivize existing and future associates to take full advantage of its recently structured compensation plan.

“As we start the hempSMART global expansion, it was imperative to have a platform able to facilitate a large number of affiliates with different currencies and languages. This platform provides our affiliates with the latest in marketing software to allow them to take advantage of all social media outlets. With my background in establishing large global marketing and distribution companies, I am confident this platform will allow us to focus on growth. We have a good solid company with an excellent team, and we have developed great industrial hemp based CBD infused products which are garnering acclaim from many sources. In addition, we have an affiliate marketing program that is structured to provide long term residual income from a global marketplace. It is for all of these reasons that I believe our company is now set for long term growth,” Marijuana Company of America CEO Donald Steinberg stated in the news release.

To view the full press release, visit http://cnw.fm/2cRfa

About Marijuana Company of America Inc.

MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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About CannabisNewsWire

CannabisNewsWire (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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