420 with CNW – Recreational Marijuana Could Be Available in Michigan Sooner Than Expected

Potential marijuana businesses in Michigan are eagerly waiting for recreational licenses to be processed. This will allow them to start cultivating, processing, and selling legal pot to the residents. Depending on the time the businesses are licensed, the current rules, and the duration of the growth cycle, it is estimated that recreational marijuana is likely to be available on the market in March or April.

The state’s recreational marijuana law is blind to any other existing marijuana products, so the recreational marijuana market must begin from zero unless the Marijuana Regulatory Agency Director, Andrew Brisbo, allows retailers to open their outlets earlier by permitting medical marijuana products to cross to the recreational market.

Last week Brisbo said that the agency should continue monitoring medical cannabis supply to see whether it can be available for recreational purposes as well. Previously, he had said that he would not reduce the supply of medical marijuana for patients to please the recreational market.

On November 1, Brisbo said there is an inadequate supply of medical marijuana in the regulated market to meet the demands of the patients. He also noted that consumer demand for MMJ is not at capacity and that the inadequate supply is contributed to by marijuana flower shortages.

Brisbo also explained that the imbalance between supply and demand is because the number of licensed dispensaries and the number of growers do not match.

A recent report released by the Marijuana Regulatory Agency (MRA) shows that by the second quarter of 2019, the number of licensed dispensaries was 120. And, the number of licensed growers supplying them with weed was 89, of which 78 of them were permitted to grow 1500 plants each, two 1000 plants, and nine could only plant 100 plants.

Brisbo is hopeful that the sales will increase as more growers are issued with licenses. Some are expected to be licensed by the end of this month and more before December 30.

Although no business has yet been awarded a recreational sales license, companies such as Exclusive Brands are ready to sell to other consumers other than registered MMJ patients.

Last week, the Exclusive Brands co-owner, Omar Hitesh, said that they were hoping that the rules and regulations for recreational marijuana would be ready by January 1 when they expected the market to be operational. But, the rumor is, it will be launched later in 2019.

Hitesh said that recreational customers have already entered their Ann Harbor dispensary, hoping to score some legal weed only to be turned away when they could not present their MMJ card. He further said that the dispensary has launched a waiting list for recreational customers to notify them when it becomes legal.

It is clear to analysts that demand is high for recreational weed in Michigan, and sector players like Hemptown USA and Neutra Corp. (OTC: NTRR) hope that the companies licensed to meet this demand will not let down the residents.

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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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Announces Launch of “Prolific Soilless Growth Medium” and “Prolific Hydro” on Amazon

GP Solutions (OTC: GWPD), the developer of “GrowPods” – advanced automated micro-farms, and Prolific – a line of innovative nutrients and soilless growth medium, today announced the launch of its products on Amazon. According to the update, “Prolific Soilless Growth Medium” and “Prolific Hydro” are now available on Amazon, where consumers can purchase and start growing high quality organic crops with robust yields. “Prolific is an excellent choice for growing organic vegetables and herbs in enclosed growing environments, such as indoor farms of any size, greenhouses, potted plants, and shipping container farms,” GP Solutions President George Natzic said in the news release. “These innovative growth-support solutions are suitable for beginners, advanced gardeners, and professional farmers.”

To view the full press release, visit http://cnw.fm/orC8o

About GrowPod

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

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

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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CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Host Conference Call to Review 2019 Q3 and Nine-Month Results and Provide Corporate Update

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, today announced its plans to host a conference call to discuss the company’s financial results for the quarter ending September 30, 2019. According to the update, the call is scheduled to take place at 4:15 p.m. Eastern Standard Time (1:15 p.m. Pacific Standard Time) on Wednesday, November 13, 2019, the same day that YGYI intends to release the results. Youngevity’s senior management will host the call, led by chairman and CEO Steve Wallach and joined by president and CFO Dave Briskie. Interested parties may join the conference by dialing 1-877-870-4263 (toll free) or 1-412-317-0790 (international) and referring to the “Youngevity International Call.” The webcast will be accessible in the Investors section of the company’s website, with an archived webcast available for replay on the Youngevity website approximately one day after the event.

To view the full press release, visit http://cnw.fm/YD7lH

About Youngevity International Inc.

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

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

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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HempNewsBreaks – ChineseInvestors.com Inc. (CIIX) Issues Shareholder Update

ChineseInvestors.com (OTCQB: CIIX), an established financial news and investment portal and a leading industrial hemp retailer for the Chinese-speaking community, today released a second quarter update for FY 2020. The update, provided by CIIX’s executive team, reads, “As we reflect on two decades of business, we have laid the foundation that has allowed us to make strategic investments and achieve rapid growth. Looking forward, we will concentrate on the rewarding opportunities that we have identified for ChineseInvestors.com and our valued shareholders, including the continued growth our core business, and continued diversification of our revenue streams through our industrial hemp-infused/CBD products in China and the U.S., which we believe will lead to increased revenues and improved profitability. Although we still have work to do this regard, with these objectives in mind, with a dedicated and experienced management team, and most importantly, the continued support of our loyal shareholders we look forward to a healthy FY 2020.”

To view the full press release, visit http://cnw.fm/Pe8Nn

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 relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health and wellness 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 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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CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Honored with Top Product Award in High THC Bottled Oil Category at 2019 Canadian Cannabis Awards

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that the company was honored with the Top Product Award in the High THC Bottled Oil Category for its medical product, Rossignol, at the November 8 Canadian Cannabis Awards Gala in Toronto. The annual event honors outstanding people, products and companies in Canadian cannabis. Organigram was also recognized in eight additional categories, including Brand of the Year and Employer of the Year. “We are incredibly proud of our teams, whose dedication and commitment to creating thoughtful, innovative products and brands was celebrated last night in a room full of our peers,” Organigram CEO Greg Engel said in the news release.

To view the full press release, visit http://cnw.fm/xibB3

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the company is regulated by the Cannabis Act and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.

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

About CanadianCannabisWire

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

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420 with CNW – Canadian Study Finds That Marijuana Could Treat PTSD-Induced Depression

People with PTSD (post-traumatic stress disorder) often suffer from depression and bouts of suicidal ideations. Research shows these people can treat this depression with marijuana.

The University of British Columbia and the B.C Centre of Substance use (BCCSU) conducted a study that shows that pot could be used to treat PTSD-induced depression.

The study researchers analyzed data of 24,000 Canadians from Statistics Canada. Their findings were published in the Journal of Psychopharmacology.

The researchers found that people who used marijuana did not suffer from PTSD-induced depression, but those who did not consume marijuana were found to have significant episodes of depression and suicidal tendencies. The BCCSU researchers suggest that people with PTSD should use cannabis for its therapeutic effects.

A PhD candidate at the University of British Columbia and research associate at the BCCSU, Stephanie Lake, said that due to the limited options for treating PTSD effectively, patients are self-medicating with marijuana to manage their symptoms.

Before this study, there was no evidence to show that the therapeutic effects of marijuana could be used for patients with PTSD. The study finding gives PTSD patients new hope when seeking alternative treatment options.

The researchers say that the data from Statistics Canada shows that there is a correlation between trauma from injury, violence, and disaster, and depression and suicide. The researchers further noted that Canada has one of the highest rates of PTSD, with 9.2 percent of the population suffering from the condition.

From 24,000 eligible participants, the researchers found that 420 (1.7%) had a current diagnosis of PTSD. Of the 420, twenty percent reported having used marijuana within the past year. 11 percent of the 420 did not use marijuana in the past year.

Compared to non-marijuana users without PTSD, chances of experiencing depression or suicidal thoughts were seven times more in people who did not use marijuana and were suffering from PTSD.

According to the study, PTSD sufferers who used marijuana were not associated with recent episodes of depression or thoughts of suicide.

The researchers also found that people using marijuana and have post-traumatic stress disorder comprised of more than a quarter of all Canadian citizens. The percentage of people with PTSD and using marijuana is estimated at 11.4 percent.

The study provides evidence of the effective use of cannabis in reducing the possibility of depression and suicidal tendencies among patients with post-traumatic stress disorder. These findings must be good news to marijuana industry players like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Mustgrow Biologics Corp. (CSE: MGRO) who have always known that the therapeutic uses of marijuana are yet to be fully documented.

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 – Marijuana Legalization Bill Introduced in Pennsylvania Senate

Lawmakers in Pennsylvania have renewed their efforts for recreational cannabis legalization. The Senate Bill 350 was introduced on October 15 by Senator Daylin Leach and Senator Sharif Street. The purpose of the bill is to allow marijuana home delivery and the expungement of past marijuana criminal charges. Within the next 12 months, the supporters forecast that the bill will generate 500 million dollars in tax revenue.

The legislation also has a policy that allows permits for growing marijuana for personal use as well as the establishment of lounges where people can consume cannabis legally.

Senator Street said that legalizing weed will be the end of the prohibition era. He further said that it is high time Keystone State joined the emerging marijuana economy by legalizing recreational marijuana. Consumption of pot is not a crime when adults use it responsibly, he asserted.

Senator Leach said that the marijuana policy in Pennsylvania is cruel, irrational, and expensive. He also noted that the war on marijuana destroyed the lives of many youths while at the same time wasting millions of taxpayer money.

Senator Leach feels that it is high time the state government stopped arresting young kids and bankrolling violent drug cartels. He also noted that the process of legalizing adult-use marijuana would be challenging, but he is optimistic since the state previously approved medical marijuana.

Senator Leach’s press release outlined several points in his proposal. It stated that people with limited resources in the state would be issued permits that give them little or no barrier to entering the marijuana industry. People with past marijuana convictions would be cleared, those whose charges are pending would be dismissed, and custodial sentences would be reduced to a fine.

In the first fiscal year of marijuana sales, the tax revenue generated, which is estimated to be $500 million, would be allocated to school districts. The spending of the appropriated money would be at the discretion of each school district where they may build more schools, employ more teachers, or provide local tax relief to the locals in the region.

Only people who are 21 years and above are allowed to use marijuana, according to the bill. The proposed law also has provisions regarding the issuance of home delivery permits, companies conducting deliveries on behalf of other companies and dispensaries are permitted to deliver their products using any form of transportation such as cars, bicycles or public transit. And it also allows people to cultivate up to 10 plants for personal use in their homes.

Despite the public support for marijuana legalization, an uphill battle awaits Senate Bill 350 because, in Pennsylvania, the political leadership does not favor marijuana reforms. Past efforts to legalize adult-use marijuana failed due to a lack of bipartisan support.

Industry watchers are convinced that cannabis companies like Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) and Earth Science Tech Inc. (OTCQB: ETST) are hoping that the people of Pennsylvania can finally be allowed to access legal pot.

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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