420 with CNW – Vermont Assembly Approves Expanding Marijuana Expungement, Decriminalization Provisions

Last Friday, the Vermont House gave an early approval to a proposal that would issue automatic expungements of cannabis convictions, thus allowing people to possess and also grow more marijuana without the risk of getting jailed for a longer time than is allowed.

In the bill, people who have been convicted for cannabis possession for amounts up to 2 ounces, 4 fully grown marijuana plants and 8 immature plants before January 2021 will have their records cleared automatically, and the individuals who are granted expungements will be notified through the mail.

Despite the state legalizing possession of up to an ounce of marijuana and the growing of 2 plants in 2018, possessing a second ounce of marijuana or 3 plants is still considered a felony. If the new bill is passed, this would change.

The legislation also states that from 2021, individuals who have basic marijuana possession convictions will be allowed to deny that record in license, civil rights or employment. This is regardless of whether they have obtained a notice of their expungement being processed or not.

This provision was included by the House Judiciary Committee, which acquired jurisdiction over this legislation after Senate approved the bill earlier in May this year.

Individuals who are caught in possession of the decriminalized amounts mentioned above may face a fine of up to $100 for a first misdemeanor, $200 for a second misdemeanor and $500 for any subsequent offenses.

Matt Simon, who is the political director of the Marijuana Policy Project, New England stated in a recent interview that Vermont had a chance to move forward in terms of cannabis policy and establish an equitable market if S.54 and S.234 were made into laws.

Furthermore, the Senate and the House both approved bills to create a tax-regulated model for cannabis sales. Up until now however, the bills have not been enacted and activists as well as legislators in the state are still calling for the legalization of cannabis sales.

In a draft platform for 2020, Democratic Party insiders from Vermont included plans to legalize cannabis sales and decriminalize drug possession. The document is still subject to change though, based on the comments from delegates and county committees at the party’s meeting Saturday.

Vermont is not the only state pushing for expungement of records. In Virginia, both chambers of the state legislature approved proposals last week that would help individuals expunge prior cannabis convictions from their records.

It is believed that the entire cannabis industry, including The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER), is pleased that Vermont is pressing ahead with marijuana policy reform.

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 – Pac Roots Cannabis Corp. (CSE: PACR) Expands Portfolio to Add 250 Acres in Prestigious Fraser Valley Region

Pac Roots (CSE: PACR) (“PacRoots”), a Canadian cannabis company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, today announced the closing of a share purchase agreement with 1088070 BC. LTD., a company existing under the laws of Canada (“1088”) and Dave Jonkman and Norm Tapp (together, the “1088 Shareholders” and each, a “1088 Shareholder”). Under the agreement, PacRoots has acquired all of the issued and outstanding shares of 1088, which owns and controls nine parcels comprised of 250 acres of prestigious land in the Fraser Valley Region of British Columbia. “The addition of such a substantial package of land to our portfolio is a major step for PacRoots. We are pleased to have the opportunity to add significant acreage with an acquisitional cost base of $9,600 per acre,” PacRoots president and CEO Patrick Elliott said in the news release. “This land has no zoning restrictions and is not situated within the Agricultural land reserve, which provides for infinite development possibilities.”

To view the full press release, visit https://cnw.fm/fQmPj

About Pac Roots Cannabis Corp.

Pac Roots is focused on delivering the finest genetics to Canadians. Preserving the excellence of its elite strains while introducing the highest quality of new strains to the public is the company’s passion. Genetic variation and stability form the foundation that drives the decision making for Pac Roots Cannabis Corp.’s business. For more information about the company, visit www.PacRoots.ca.

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

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 – Missouri Injects $2.1M from Medical Marijuana Taxes into Veterans’ Health Programs

For most states that legalized either recreational or medical cannabis, earning tax revenue wasn’t the endgame. Although sales tax wouldn’t hurt, especially now that the coronavirus pandemic has drastically affected the economy, plenty of states pledged to use some of the tax revenue derived from cannabis sales to fund social justice initiatives like health programs for military veterans. Missouri was among them, and although medical cannabis sales are slated to start later this month, the Show-Me State recently completed the first-ever transfer of cannabis revenue to a state’s veteran fund.

More than $2.1 million was transferred from the Department of Health and Senior Services (“DHSS”) to the Missouri Veterans Commission (“MVC”) where it will be used to fund health services for military veterans. The money was sourced from the millions of dollars already collected from license and registration fees from businesses and patients. As soon as medical cannabis dispensaries open later this month, a 4% tax will be levied on sales.

“Facilities are up and running now, and the first testing laboratory is on track to be operational very soon. We are confident that medical marijuana will become available for patients this month, and I am grateful for all the hard work by so many that got us to this point,” says Lyndall Fraker, director of DHSS’s medical marijuana regulation section. According to the DHSS, a “formal presentation of this significant transfer of funds is being planned in the near future.”

“Missourians voted on this amendment because it allowed for a safe and well-regulated medical marijuana program for patients, but it also was written to simultaneously benefit our very deserving veterans through services MVC will now be able to provide,” says DHSS Director Randall Williams, referring to a provision in the state’s medical marijuana law passed by voters in 2018 which routes all state cannabis revenue after expenses to the veterans’ commission.

However, while the $2,135, 510 sent to the Military Veterans Commission is quite a hefty sum, it’s a tiny fraction of the total funds the state raised from cannabis revenue. State law requires that tax revenue is first used to pay operational costs and Missouri spent quite a sum to pay off operational expenses last year. The state’s licensing program for medical cannabis businesses came under fire last year, with Missouri spending $1.3 million defending itself against legal challenges from applicants whose applications for a medical cannabis license were denied.

The Post-Dispatch Report notes that the state medical marijuana program had generated $19 million as of this past November, “meaning the state spent nearly 7 percent of fees collected last year on legal expenses.” The program also spent $3.1 million on administrative fees. According to State Rep. Peter Merideth, the state’s opaque licensing process and arbitrary cap on the number of licenses available undercut the program’s economic promise.

“There are businesses across our state ready to get off the ground, and the government’s getting in the way and stopping them from doing it. Instead of raising money from this whole business development in our state, we’re spending that money to pay lawyers and fight businesses from opening.”

All the same, the fact that millions have been sent to the veterans’ health programs is seen by experts as satisfying to sector companies like Pure Extract Technologies Inc. who strongly believe that the industry benefits all sections of society.

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 – New Jersey Residents to Vote on Marijuana Legalization During November Poll

The coronavirus pandemic and the coming presidential election have eclipsed New Jersey’s ballot for this year, its highest profile one in 2020. Despite this though, New Jersey may be the latest state to legalize recreational cannabis, that is, if the constitutional amendment gets a yes majority from the voters.

In the first-ever vote-by-mail election in New Jersey, ballots are set to be sent to registered voters in the state soon.

Apart from voting for president as well as the U.S. Senate and House, the people of New Jersey will also be tasked with deciding whether to amend the state constitution in order to permit individuals who are 21 and older to use cannabis. This amendment will also allow for the state to establish a regulated market for cannabis.

If the ballot is passed, New Jersey would be the 12th state, together with the District of Columbia, to legalize recreational cannabis.

A poll that was recently conducted showed that supporters are optimistic, given that more than three fifths of the voters voiced their support for recreational cannabis legalization. There are, however, a few opponents who are convinced that they can still persuade the voters against voting for the legalization. Both the opposition and supporter side have launched campaigns.

In support, NJ Can 2020, a social welfare group is planning on running digital ads to support the ballot. The group is made up of organizations such as the Latino Action Network, the ACLU of New Jersey, Drug Policy Action as well as the New Jersey CannaBusiness Association, among many others.

The group supports this measure, stating that the legalization of recreational cannabis will help boost the state’s economy by creating employment opportunities and raising tax revenue. Additionally, its legalization will right a social injustice in terms of the disparities in possession arrests, with black residents more likely to face incarceration almost 3 times more in comparison to their white counterparts.

This isn’t the first time New Jersey has tried to pass this legislation. The motion was first introduced last year but failed to get enough support from lawmakers. So instead, in December of 2019, the legislature voted to give the choice to voters this year.

If the amendment is approved, the state commission that will be overseeing the medical cannabis program will also be in charge of establishing the recreational-use market. In addition to the age-restriction, marijuana will also be subject to the state’s sales tax of 6.625%.

However, it remains unclear how soon cannabis will reach the market after the legislation is passed. Experts say the entire marijuana industry, including Pac Roots Cannabis Corp. (CSE: PACR), will be waiting with bated breath to see what decision the voters will make in November.

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 – Colorado Marijuana Farmers Risk Losing Millions as Early Cold Weather Sets In

Although growing cannabis can be quite a rewarding experience, it is fraught with numerous complications. The plant requires a specific set of conditions to thrive, and farmers could find themselves facing losses due to any number of reasons. This time, it was the cold. Colorado has seen uncharacteristically frigid temperatures this month. The second week of September saw especially cold temperatures that dropped below freezing and dumped inches of snow on the ground, potentially destroying millions of dollars’ worth of outdoor cannabis and hemp plants.

For most outdoor cannabis and hemp farmers in Colorado, the roughly 70-degree temperature swing came way too early in the season, and very few, if any, were able to preemptively harvest their crop. Farmers who didn’t have adequate weather protection had to stand and watch as their crops froze and stems and branches broke under the weight of the snow. According to Dr. Jon Vaught, CEO, and co-founder of Front Range Biosciences, a Colorado-based cannabis biotech firm with hemp growing operations, the storm was catastrophic for growers.

James Lowe, co-owner at the PotCo outdoor marijuana farm outside Pueblo was confident that he was ready for the coming low temperatures. However, the forecast didn’t prepare him for up to 9 inches of wet snow. The PotCo farm has grown roughly 7,000 plants, many 7-8 feet tall, in partnership with neighbor Next 1 Labs, and the low temperatures could cost them millions. “We were on pace for the largest harvest we’ve ever had. The weight of it was what ended up being the problem.”

He says that they may suffer losses of up to $4 million to $5 million, with the severity of the loss depending on several factors. If plants hang on long enough for the temperatures to increase, they will be able to harvest the flower as planned but if not, the entire crop would go toward extraction for a significantly lower price. “The THC is still out in the field, and it’s not going anywhere,” Lowe says, stressing that they won’t suffer a total loss.

Harvey Craig, a hemp grower in the San Luis Valley in Southern Colorado says that anything that was left outside “froze pretty solid.” 70% of his crop is in greenhouses, and although he used shade cloth, canvas, and plastic to protect the rest of the outdoor plants, the wet and heavy snow snapped uncovered plants at the stalk and broke branches. “This is devastating to a lot of farmers. I hope this doesn’t put people over the edge. The hemp industry is a tough struggle.”

The news coming out of Colorado regarding the early cold weather is likely bad news for the entire cannabis industry, including Sugarmade, Inc. (OTCQB: SGMD).

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 Back in the Spotlight; Twitter to Blame for Bad Press

Twitter has partnered up with the Substance Abuse and Mental Health Services Administration to advocate for substance misuse treatment. When a Twitter user searches for “marijuana” or any other substance-related keyword, health warnings will appear. However, it turns out this only applies to marijuana.

In partnership with the same federal drug agency, Twitter began to add a notification above tweets on certain drug terms earlier this week. In addition to this, the notification also directs Twitter users to SAMHSA’s website and help line.

Advocates for drug policy reform have drawn attention to the fact that the message sustains the stereotype about drug use, which suggests that an interest in any of the ‘substances’ shows an indication that the users may have a problem with seeking treatment. Other than that, there are various reasons why people might have an online interest in marijuana, which may include wanting to follow news on policy debates that discuss its legalization. Additionally, a majority of people who consume marijuana are not dependent or addicted to it and many may not appreciate the suggestion that they may require professional help.

This is not to mean that advocating for substance misuse treatment is necessarily problematic. The problem lies in the fact that Twitter chose to attach these notices to marijuana and other drugs that are currently illegal while alcohol brands are still allowed promotions on their platform. For instance, when you search vodka in the search bar, alcohol companies pop up.

Similarly, when you search alcohol, wine or beer, no warnings are displayed alongside, which is a little worrying. This is because according to the World Health Organization, we lose more than 3,000,000 people due to the harmful use of alcohol, each year. On the other hand, the Drug Enforcement Agency has admitted that no reports of deaths have been made concerning marijuana overdoses.

What’s more interesting about this is the fact that only searches for “cocaine,” “marijuana” and “heroin” were flagged whilst searches for “LSD,” “cannabis,” “MDMA,” “pills,” “psilocybin,” “adderall” as well as other drug terms are not accompanied with invitations to seek help. This sheds the light on the arbitrary nature of this new feature on Twitter.

Its unexpected timing also coincides with Democratic presidential nominee Joe Biden calling for the promotion of compulsory drug rehabilitation treatment of persons who are charged with possession. Many advocates of drug reform feel this reinforces the misconception about substance abuse.

Furthermore, the effectiveness of mandatory rehabilitation programs is scientifically questionable. It would be interesting to hear what companies like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) have to say about this seeming improper portrayal of marijuana users and the substance itself.

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 – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Chocolatier to Offer Cannabis-Infused Chocolates

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has signed a letter of intent with Quebec-based Chocolatier to produce a new line of premium cannabis-infused, organic chocolate at its Valleyfield site. The new product line, part of TGOD’s strategic plans for expansion, will feature high-quality Belgian chocolate and organic gourmet ingredients. The announcement follows TGOD’s decision to transform its licensed Valleyfield facility into a processing hub to support its expanding product portfolio, reducing the company’s reliance on third parties and providing enhanced agility and increased quality control. “As we conducted a complete review of our operations, we saw the opportunity to leverage Valleyfield and centralize our processing activities for 2.0 products,” TGOD CEO Brian Athaide stated in the release. “Not only does it streamline our supply chain and help absorb the fixed costs of maintaining the site, it also makes us more agile and provides us with more control over the development and quality of our products. By developing the in-house capabilities to manufacture multiple product lines, we are well positioned to capitalize on the increasing popularity of cannabis derivatives such as beverages, chewables, chocolates, concentrates and teas.”

To view the full press release, visit https://cnw.fm/SAJfy

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards, and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as organic teas, dissolvables and vapes. Through its European subsidiary, HemPoland, TGOD also distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s common shares and warrants issued under the indentures dated Nov. 1, 2017 ,and Dec. 19, 2019, trade on the TSX under the symbol “TGOD,” “TGOD.WT” and “TGOD.WS,” respectively, and TGODF trades in the U.S. on the OTCQX. For more information about the company, visit www.TGOD.ca.

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

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 – 4 Marijuana Harvesting Tips for Outdoor Growers

The harvest season is the most taxing as well as the most thrilling time of the outdoor plant growth cycle. This season can either make or break an entire year’s operation. To ensure your harvest is snag-free and also successful, here are some of the key things you should make sure are ticked off your ‘before-harvest’ checklist.

  1. Ensure that your drying area has been prepared and is ready for use

It is important to sanitize and clean the drying area to be used. This will help prevent post-harvest contamination as well as ensure that your processing operation runs smoothly. Additionally, humidifiers and fans to be used should be cleaned and also checked out to make sure they are operating at optimal levels. If you do not have enough fans/humidifiers, then I suggest you purchase more. Using a humidity monitor in the drying area would help as well in ensuring that the rooms’ relative humidity remains at about 50%. This will be helpful in the first days after harvest.

  1. Choose the method of harvest, how the buds will be dried and separated from the plants and determine the amount of space that will be needed

Many farmers usually make the mistake of underestimating the size of the space they’ll need for drying their marijuana. This affects the drying time, which usually compromises the quality of the finished product as well.

Here are a few options to choose from:

  • Harvest and break down the plants into individual branches then hang them up.
  • Remove the buds when they’re wet then dry the flowers on screens.
  • Alternatively, one can harvest then hang the whole plants up to dry and handle the sorting at a later time.

This will also help prevent post-harvest contamination.

  1. Search the plants for botrytis(fungus) and other fungal issues regularly

As the harvest season nears, the weather may get cooler and, or, wetter. This is dependent on your location. Infected buds that are still on the plants need to be removed every day or else the fungus will spread rapidly.

Even after harvest, you should continue checking the drying buds/plants because mold can grow in the drying area, which may destroy your harvest.

  1. Observe the weather and prepare for an early harvest because of non-stop rains or temperatures below 25ºF

Freezing cold weather will destroy your crop. So, it would be better to harvest early than lose everything. Crops that have been harvested early can make concentrates of high quality. The only downside of this is that you’ll earn less. However, you should not panic and start harvesting if it happens to rain a little or if the temperature remains between 26º to 28º F in the night. The plants can withstand that, it’s freezing weather and ongoing rains that are the problem.

Additionally, you should hire enough employees to help harvest and process the plants, especially if you decide to screen dry the plants and remove the leaves before the drying process begins.

Established companies like Pac Roots Cannabis Corp. (CSE: PACR) have probably fine-tuned their harvesting systems to a science, and startups would do well to devote as much attention to this phase of cannabis cultivation.

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 – IRS Publishes Tax Guidance for Cannabis Industry

The U.S. cannabis industry has been in a precarious position for the past few years. Although more than thirty states have legalized cannabis sales in some form, the plant remains illegal at the federal level. So, although businesses can sell cannabis as long as they obtain a state license, federal law considers the business illegal. Despite this, marijuana businesses are required to pay federal tax and because marijuana remains illegal at the federal level, they are denied access to tax benefits.

Early this month, the Internal Revenue Service (“IRS”) released updated guidance on tax policy for the nascent marijuana industry. The agency acknowledges that although operators in the industry still have an obligation to pay taxes, they are denied tax benefits extended to operators in other markets. “A key complaint in promoting the highest degree of voluntary compliance on the part of taxpayers is helping them understand and meet their tax responsibilities while also enforcing the law with integrity and fairness to all. Businesses that traffic marijuana in contravention of federal or state law are subject to the limitations in IRS code.” says the IRS in the new memo.

The updated guidance covers the rules for income reporting, estimating tax payments, and keeping financial records as well as instructions on how cannabis businesses that don’t have access to banking services can pay their tax bills in cash. Additionally, the IRS explains in an attached Frequently Asked Questions document how court rulings have clarified that businesses are required to pay taxes even if they’re selling products considered illegal under state or federal law. The agency further states that businesses that are unable to pay their taxes in full are eligible for payment plans and that marijuana businesses are subject to the same penalties as any other business that come about during an income audit.

Marijuana businesses will be happy to know about IRS code 280E which “disallows all deductions or credits for any amount paid or incurred in carrying on any trade businesses that consist of illegally trafficking in a Schedule I or II controlled substance within the meaning of the federal Controlled Substances Act. Section 280e does not, however, prohibit a participant in the marijuana industry from reducing its gross receipts by its properly calculated cost of goods to determine its gross income.”

“Taxpayers who sell marijuana may reduce their gross receipts by the costs of acquiring or producing marijuana that they sell, and those costs will depend on the nature of the business.” This means that although cannabis businesses aren’t eligible for most traditional deductions, they can calculate the cost of goods and get some tax relief.

Experts say that while the document from the IRS does offer a window through which cannabis companies can get some relief, companies like Pure Extract Technologies Inc. would be happier with an arrangement that sees them getting equal treatment with other legal businesses in different states.

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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 – Fresh Farms E-Liquid LLC Confirms PMTA Submission for Dozens of Quality Products

Fresh Farms E-Liquid, a global leader in both the vapor and CBD industries, today confirmed its September 6 submission of Premarket Tobacco Applications (“PMTAs”) to the Food and Drug Administration (“FDA”) prior to last week’s deadline of September 9, 2020. Fresh Farms, in working with key scientific partners to ensure the highest standards of analysis as well as Keller and Heckman LLP’s world-class legal team, fully expects acceptance of its submission to move on to the substantive scientific review phase with the FDA. Fresh Farms’ submission encompasses dozens of products as it seeks FDA approval to continue offering its extensive portfolio, which company leaders believe is perfectly suited to the needs of adults looking for alternatives to traditional, combustible tobacco products. “From day one, we have sought to be the best,” Fresh Farms CEO and Co-Founder Tony Devincentis said in the news release. “From our branding, our messaging, our team and the quality of our products – our commitment to the PMTA process has been no exception. We have spent years and countless hours evaluating our products, preparing for this moment, and the preliminary results have been phenomenal. Ultimately, our goal is to receive a marketing granted order from the FDA and begin postmarket reporting to them immediately. We plan on being a leader in our industry for years to come.”

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About Fresh Farms E-Liquid LLC

Born out of a desire to make premium products available to every person looking for alternatives to traditional tobacco, Fresh Farms leads by example. Based in sunny Southern California, its portfolio includes the premium vapor products Fresh Farms and Fruitia, as well as Lift’s superior CBD and CBN products. Products are available in all 50 states and around the world. Life is an adventure. Enjoy the journey. For more information, visit www.FreshFarmsELiquid.com.

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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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