420 with CNW – Michael Bloomberg Now Supports Marijuana Decriminalization

Former New York Mayor Michael Bloomberg is a Democratic presidential candidate who has been outspoken against marijuana law reforms but is now in favor of decriminalizing marijuana possession.

On November 24, Bloomberg launched a late bid for the Democratic presidential nomination; however, he faced criticism for making dismissive remarks earlier in the year about cannabis legalization when he said that the policy change is the stupidest thing anybody has ever done.

On Wednesday, the Wall Street Journal reported that Bloomberg is in support of criminal justice reform for the decriminalization of simple marijuana possession and states’ right to end prohibition without intervention from the federal authorities. This shows that he is trying to distance himself from the anti-marijuana image he previously had.

Speaking to the Wall Street Journal, Bloomberg said that no one’s life should be ruined through incarceration for marijuana possession. He also noted that his reform efforts reduced imprisonment by 40% and that he worked hard to get New York laws changed to stop simple possession arrests. Bloomberg further said that he believes in decriminalization and that the states which have legalized marijuana should not be subjected to federal interference.

In 2011, Bloomberg vetoed a New York bill whose purpose was to treat simple marijuana possession with a court summons and fine instead of incarceration; however, two years later, he supported the legislation seeking to reduce criminal punishments for low-level cannabis possession. Bloomberg also called for alterations in the way law enforcement handle such cases.

The majority of the Democratic presidential candidates would be several steps ahead of Bloomberg even after he incorporates the proposal for decriminalizing marijuana possession in his policies because almost all Democratic candidates are in favor of comprehensive marijuana legalization and removal of cannabis from Schedule 1 of the Controlled Substances Act. This change would ensure that the legal marijuana industry is socially equitable.

Former Vice President, Joe Biden, is another presidential candidate who is against marijuana legalization. However, he has voiced his support for decriminalization, medical cannabis legalization, and modest federal rescheduling. But, he has vetoed legalization of adult-use marijuana.

Both Biden and Bloomberg made some negative remarks on marijuana reforms that received criticism. Earlier this year, Biden said that he does not support broad marijuana reforms as it could act as a gateway to harmful drugs. Bloomberg also noted that legalization is perhaps the stupidest thing ever done and that it doe not make any sense.

Although both candidates are now in support of decriminalization, other candidates such as Pete Buttigieg and Tulsi Gabbard are supporting the decriminalization of all drugs, while Julian Castro is considering broad marijuana reform.

Analysts believe marijuana companies like Neutra Corp. (OTC: NTRR) and Hemptown USA are following these policy discussions closely because the coming elections could decide how marijuana policy reform plays out.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces Changes in Corporate Leadership, Vertical Expansion Strategy

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced the resignation of Donald J. Steinberg as chairman of the board, chief executive officer and treasurer. According to the update, the Company’s new focus will be to enter strategic acquisitions with various operational cannabis and hemp companies that are distressed in order to expand its vertical model, as well as expand its hempSMART(TM) branded product lines and marketing channels and launch other CBD brands using a direct-to-consumer sales approach. “It has been an honor to lead the Company these past four years and to serve the customers, stakeholders, and staff who have been part of the foundation of the Company,” Steinberg, one of MCOA’s founders, said in the news release. “I am proud of what we have accomplished as a team thus far and know that the Company will continue to grow its presence in the cannabis industry. Also, I am positive that the Company will create additional innovative ideas and pioneering technologies for its customers and stakeholders worldwide and make the right corporate maneuvers and strategic acquisitions to establish meaningful scale in the industry. As many of you know, one of my passions is the development of start-up ventures. I believe in the future of the cannabis marketplace and greatly desire to be a part of advancing the innumerable opportunities that are yet to be discovered. For this reason, I have decided to step down as CEO to allow the Company to pursue new groundbreaking opportunities under new leadership.”

To view the full press release, visit http://cnw.fm/Z6Xp3

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(TM)” 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) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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CBDNewsBreaks – ChineseInvestors.com, Inc. (CIIX) to Present at 12th Annual LD Micro Main Event

ChineseInvestors.com (OTCQB: CIIX), an established financial news and investment portal as well as a leading industrial hemp retailer for the Chinese-speaking community, today announced its plans to present at the 12th Annual LD Micro Main Event taking place at the Luxe Sunset in Bel-Air, California from December 10-12, 2019. According to the update, the company will provide a corporate overview and discuss recent business highlights with regard to its industrial hemp/CBD business at 4:40 p.m. PST, on Wednesday, December 11, 2019. “Having been one of the first movers in China in the industrial hemp/CBD skincare and cosmetics market, we are looking forward to providing updates regarding our corporate vision, our accomplishments over the last year, and new developments on the horizon with regard to our industrial hemp CBD business as well as our core financial news and investor relations business” Warren Wang, CEO of ChineseInvestors.com, Inc., said in the news release.

To view the full press release, visit http://cnw.fm/c2dMM

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing (a) real-time market commentary, analysis, and educationally related services in Chinese language character sets (traditional and simplified); (b) advertising and public-relations-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.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CBDNewsBreaks – Neutra Corp. (NTRR) Enters Important LOI in Next Step to Vertical Integration in Booming Hemp CBD Market

Neutra Corp. (OTC: NTRR) today announced its continued moves toward growth and expansion. According to the update, the company has entered an important letter of intent (“LOI”) with Power Auto Corporation to acquire a complex consisting of buildings and land that would allow Neutra to achieve its vertical integration plans. “This acquisition will give Neutra Corp. its vertically integrated footprint in the Hemp Based CBD Market,” NTRR President Sydney Jim said in the news release. “With our new retail brand VIVIS making its debut this year, this facility would give us the ability to have the highest consistency and quality of products.”

To view the full press release, visit http://cnw.fm/XbB47

About Neutra Corp.

Neutra Corp. (OTC: NTRR) is an early-stage research and development company that’s bringing modern healthy living solutions to a multi-billion dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where consumers are demanding access to products that promote health and stave off potential health dangers.  One of the nutraceutical sub-markets is the new thriving Hemp-based CBD market, in which it intends to participate. For more information, visit the company’s website at http://www.NeutraInc.com.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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420 with CNW – New Zealand Government Presents 2020 Marijuana Legalization Bill

On Tuesday, the residents of New Zealand got a peek at the contents of a draft proposal on marijuana legalization that will be subject to a voter’s decision during the 2020 ballot.

According to a summary statement, the government of New Zealand is publishing the draft bill to ensure that the residents are well informed on the direction of legalization and the decisions being made.

The draft legislation gives a framework of the essential elements of establishing a regulated recreational marijuana market. Before the 2020 elections, the government will have updated the bill while taking into account public feedback.

If the bill is voted for by more than 50% of all voters, the soon to be elected government will have the responsibility of enacting new laws for regulating recreational marijuana.

The proposed legislation has the following policies:

  • People above the age of 20 would be able to purchase marijuana products.
  • People would be required to consume weed in private places and licensed facilities.
  • Mandate investments in public health education campaigns.
  • It would impose restrictions on campaigns.
  • It would also create a marijuana business licensing program.
  • People are also allowed to purchase up to 14 grams of marijuana per day and grow a maximum of two plants for personal use.

The government of New Zealand would be tasked with the establishment of the Cannabis Regulatory Authority to regulate the marijuana industry, approve business permits, and promote public health. The Cannabis Regulatory Authority would also be responsible for imposing the excise tax so that the government can recover costs incurred during the implementation of the marijuana program.

In a press release, Justice Minister Andrew Little said that the purpose of making the referendum questions, Marijuana Legalization draft and the Control Bill was to promote public awareness and discussions.

He further said that he aims to have the draft bill published in early 2020, to give them time to debate any needed changes. He also said that experience from abroad shows them the importance of presenting the public with factual and explanatory information to make an informed decision when voting.

The primary objectives of the legislation are to promote policies that reduce the severity of harm associated with marijuana and reduce the rate of marijuana use through education and treatment programs.  The bill’s secondary objective is to eliminate the black market, reduce the arrest record, and safeguard quality control for marijuana products.

The details on the legalization proposal were first published in May. The bill was approved for a voter’s decision after the Green Party struck a deal to install Labor Party head Jacinda Ardern as the prime minister.

The referendum question will be structured like this:

  • Do you support the proposed Cannabis Legalization and Control Bill?
  • YES, I support the proposed Cannabis Legalization and Control Bill.
  • No, I do not support the proposed Cannabis Legalization and Control Bill.

This week, a survey was released showing that 49% of New Zealand residents are opposed to marijuana legalization, and 43% support marijuana reform. It is uncertain if the voters will give the bill the nod.

Green Party MP, Chloe Swarbrick, said that the primary focus of the bill is to limit access, and eradicate the illicit market. Swarbrick further noted that in New Zealand, people of all ages could purchase weed since the drug dealers do not check IDs, nor do they care about the safety of the products they are selling.

Analysts think marijuana industry players like Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and ChineseInvestors.com Inc. (OTCQB: CIIX) hope that the winds of change blowing offshore also prevail on the U.S. federal government to revisit its marijuana policies.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – US Virgin Islands Governor Asks Legislators to Hold Special Marijuana Legalization Session

The U.S Virgin Islands Governor Albert Bryan Jr. is calling on the lawmakers to consider recreational marijuana legalization in a special session, which would be held later this month.

If the proposed measure is approved, the U.S. Virgin Islands (USVI) will be the third territory in the U.S. to legalize adult-use marijuana, following in the footsteps of Guam and the Commonwealth of the Northern Mariana Islands.

In a press conference, Bryan said that the new measure would create a regulated system and enable tourists to visit the U.S.Virgin Islands. It would also increase the tax fees collected by the Virgin Islands government. He further called marijuana a new revolution that has taken the U.S. by storm.

Bryan also said that the legislature would add the measure to the territory’s current medical marijuana program on Dec. 18. Earlier this year, Governor Bryan signed the bill legalizing medical marijuana; however, it has not been implemented because the legislature has been delaying to make nominations to the regulatory body.

As reported by Vibe High, the new proposal stipulates that people who are 21 years and above would have to acquire a permit from the USVI to purchase and cultivate weed. The term recreational marijuana was not used when the governor was discussing the bill; instead, he used “non-prescribed” or “non-medicinal” when referring to the licenses. The governor also noted that the medical marijuana program would stay intact.

The USVI government revealed that marijuana recreational sales would be eligible for up to thirty percent tax. The government would use this tax as follows: 75% would be allocated to the government retirement scheme, 20% would be assigned to the territory’s senior citizen’s programs, and 5% to the USVI Office of Marijuana Regulations.

Bryan further said that it is time for taking action by having a dependable funding system.

According to Bryan, tourism is supposed to contribute to the Islands’ tax revenue. Day passes for recreational marijuana will be issued to tourists as most of them come to the USVI for a vacation and to relax. He also noted that tourists would be required to pay $10 per day to utilize the legal status of the territory’s marijuana system.

In a year, when tourism is at the peak, USVI receives 2.1 million visitors. They are issued with a $10 per day pass, and if 10% of them smoke weed, that will equate to $2 million in day passes alone.

According to Vibe High, the measure’s language aims to help farmers as it states that retail marijuana outlets must source 70% of their products locally.

Bryan further said one of the key policies in the legislation is to call for the expungement of past marijuana convictions and to exonerate those convicted and serving marijuana felony sentences.

What do marijuana companies like LiveWire Ergogenics Inc. (OTC: LVVV) and Green Hygienics Holdings Inc. (OTCQB: GRYN) think of this plan targeting tourists as the main source of marijuana revenue for the U.S. Virgin Islands? Experts can only speculate.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CBDNewsBreaks – MCTC Holdings Inc. (MCTC) Files Fourth Cannabinoid-Delivery Technology Patent

MCTC Holdings (OTC: MCTC), a science-forward, intellectual-property-focused company developing unique hemp-infusion technologies, recently filed its fourth cannabinoid-delivery technology patent (http://cnw.fm/B000e). An article discussing the company reads, “The company filed three other patents related to cannabinoid delivery systems in recent months. The first patent, which was on an edible, dissolvable film for the delivery of cannabinoids, was the product of collaboration between MCTC and Cannabis Nanosciences Inc. The companies also cooperated on the second patent, filed on cannabinoid nanoparticles combining TPGS, a water-soluble form of vitamin E. TPGS is a proven and safe bioenhancer of cannabinoids and other hydrophobic compounds. MCTC’s third patent was for a unique 3D-printed, 4-dimensional, shape-changing cannabinoid delivery system for beverages. . . . ‘We expect to continue to expand our intellectual property portfolio over the coming weeks and months as our research and development programs continue. We believe the area of cannabinoid delivery systems is one of the most exciting areas of the growing cannabinoid sciences arena,’ CEO Arman Tabatabaei added.”

To view the full article, visit http://cnw.fm/e7Eaq

About MCTC Holdings, Inc.

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

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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