CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Announces Key Milestone in Building Farm-to-Sale Vertical Model

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that the company is set to take full operational control of the downtown Los Angeles “MDRN Tree” cannabis product dispensary. MDRN Tree is the company’s first in-house end-market consumer-facing retail sales outlet. Beginning in November 2021, NUGS will begin to record sales from the dispensary on its books. “We continue to build a full farm-to-sale vertical model, and MDRN Tree is a big part of that vision,” said Simon Yu, CEO of NUGS. “It’s exciting to watch the pieces come together, and we look forward to supplying and growing the MDRN Tree brand and continuing to develop a model that will give our cultivation business wider distribution at potentially higher margins.”

To view the full press release, visit https://cnw.fm/6wibW

About Cannabis Strategic Ventures Inc.

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

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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420 with CNW — How Tech Is Transforming the Marijuana Industry

Despite being one of the youngest sectors in the country, the United States’ state-legal cannabis industry has been dubbed the fastest growing industry in the country. Cannabis companies have generated billions of dollars in revenue in the few years cannabis has been legal, providing hundreds of thousands of job opportunities and filling state coffers with millions in cannabis tax revenue.

The industry is projected to undergo exponential growth in the next couple of years, pulling in a whopping $43 billion in legal cannabis sales by 2025. However, cannabis could not have gotten to where it is so far without technological advancements that have made cultivating and processing the plant a lot more efficient, and experts predict that technology will play a significant role in the industry’s growth.

Software-based technology will be especially critical to cannabis businesses moving forward. As it is, most players in the cannabis space cannot access financial services such as wireless payments and loans as the murky regulatory space has kept financial providers away. Fintech company KindTap is the first company to offer a credit payment option for businesses in the cannabis space, first launching in Massachusetts before going to other U.S. markets, including Florida, Maine, and New York by the end of the year.

KindTap provides revolving credit lines for upfront purchases and a credit payment system for businesses. Cathy Corby Iannuzzelli, an executive at KindTap, joined the fintech after she noticed cashless payments were virtually nonexistent in the cannabis industry while working for a client in Denver.

Compared to other industries, cannabis barely has a comprehensive regulatory structure and runs on a patchwork of state policies, and this often results in a pile of bureaucracy and paperwork, especially for multistate operators that have to keep track of different policies and requirements in different states. It will likely be some time before lawmakers federally decriminalize cannabis and finally fix the mess that is America’s cannabis industry, but in the meantime, companies have to adhere to current policies.

Simplifya, a Denver-based cannabis compliance software provider, has developed software that ensures cannabis businesses stay compliant amid a fragmented regulatory environment. The operational compliance software automates complex processes and boasts badge tracking, tailored reporting, SOPs and employee accountability features.

Springbig, a customer loyalty and text message communications provider, has developed a single source of truth customer relationship management (“CRM”) that acts as a database to record in store and online purchases. It can also capture key purchasing and behavioral data, integrate with existing dispensary POS and eCommerce systems seamlessly. These are just a few examples of the companies that have studied the market and developed software-based solutions for many of the issues that plague cannabis. As the industry becomes larger and draws more clientele, technology will be instrumental in achieving marijuana’s maximum potential.

Given the pace at which the industry is evolving, many cannabis companies, including Hero Technologies Inc. (OTC: HENC), are putting technology at the core of their operations in order to gain an edge over other sector actors.

NOTE TO INVESTORS: The latest news and updates relating to Hero Technologies Inc. (OTC: HENC) are available in the company’s newsroom at https://cnw.fm/HENC

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 — Nearly Half of American Consumers Prefer Cannabis over Alcohol

A report recently published by New Frontier Data examined different features of health and wellness-related consumption patterns among current marijuana consumers in the United States. New Frontier Data is the leading technology, data and analytics company that specializes in the global marijuana industry. The latest report was released in partnership with Jointly and SōRSE.

Marijuana legalization in different states across the country has allowed marijuana-friendly yoga spaces and marijuana social lounges to be established as alternatives to conventional spaces. Currently, medical marijuana is legal in 36 states in the United States. while its recreational use is legal in 18 states, as well as Guam, the Northern Mariana Islands and the District of Columbia.

The increasing acceptability of marijuana use in regulated social and public spaces, as well as outside an individual’s home, offers various opportunities for consumers to access marijuana to improve their social, mental and physical well-being.

The study found that as marijuana normalization continued to grow across the U.S. market, so did its consumption. The report noted that roughly 22% of individuals use marijuana in support of their general wellness. Another 79% reported that marijuana had an overwhelmingly positive effect on their lives.

Executive chair and founder of New Frontier Data Giadha A. DeCarcer stated that the U.S. marijuana consumer base was diversifying, with reasons for the plant’s use extending beyond its recreational use into broader wellness and medical applications. DeCarcer noted that the company was now focused on reporting on marijuana consumer behavior and expanding into more refined aspects of marijuana’s medical use across Europe and North America. This, she said, would offer industry stakeholders a 360-degree view of the marijuana consumer opportunity.

The report’s key findings include the following:

  • As the legal access to cannabis-infused beverages grows, alcohol replacement could possibly become more successful for consumers. The report found that almost 48% of marijuana consumers are replacing some alcohol use with marijuana. This means that opportunities for producers of infused drinks exist, as the beverages are increasingly considered to be more suitable replacements for alcoholic drinks.
  • Combining exercise and marijuana challenges the stereotype that describes individuals who consume marijuana as unhealthy and living a sedentary lifestyle. The report found that 13% of cannabis consumers regularly used the herb before exercise to enhance training.
  • The report also found that stress relief was one of the main reasons for marijuana use, with more than 50% of current consumers admitting that they consumed marijuana to improve their mental health amid the pandemic.

This growing acceptance of marijuana could explain why companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are expanding their footprint across the country at such a high pace.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 – CWCBExpo Names CannabisNewsWire as Official Newswire for NYC’s CWCBExpo

Cannabis World Congress & Business Exposition (“CWCBExpo”) announced that it has again partnered with CannabisNewsWire (“CNW”), a specialized communications platform for the cannabis sector and one of the more than 50 brands that make up InvestorBrandNetwork (“IBN”). CNW is also a sapphire sponsor of the event, which will be held Nov. 4–6, 2021, at the Javits Convention Center in New York City. This year’s NYC CWCBExpo agenda features more than 50 speakers and thought leaders who will provide vital insight and information regarding the industry. Keynote speakers, panel discussions and various sessions will cover pertinent, relevant topics chosen to support expo participants as they explore the potential of the cannabis market. In addition, the three-day event features innovative product displays and invaluable networking opportunities. The partnership between CWCBExpo, CNW and IBN, the official media sponsor of CWCBExpo, is designed to increase awareness and strengthen the brand for the premier event. IBN and CNW will leverage their extensive array of corporate communications solutions, including distribution of expo news and information throughout its  5,000-plus strategic syndication partners and featured information on events pages and websites. “We are pleased to continue our collaboration with CannabisNewsWire and IBN,” said CWCBExpo partner and show director Christine Ianuzzi in the press release. “Together with its various brands in the cannabis, CBD and hemp industries, IBN’s collective brand network will significantly increase the visibility of our sponsors, speakers and other conference participants. We appreciate their help to broadly share highlights of November’s event with enthusiasts across the nation.”

To participate in the event, visit https://cnw.fm/wvYQR

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

About Cannabis World Congress & Business Exposition

CWCBExpo is a business-to-business trade show event for the legalized cannabis industry. It is held in the largest media, financial and business markets. It is the leading forum for dispensary owners, growers, suppliers, investors, medical professionals, government regulators, legal counsel and entrepreneurs looking to achieve business success and identify new areas of growth in this dynamic and fast-growing industry. For more information about the company, visit www.CWCBExpo.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 SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Opens Pathway to Dry Flower Export Through Receipt of GACP Certification

Flora Growth Corp. (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced its receipt of the Good Agricultural and Collection Practices (“GACP”) certification by the Control Union Medical Cannabis Standard (“CUMCS”). According to the update, paired with the recent Colombian law change, Flora can now export its high-quality dry flower to international GMP active pharmaceutical ingredient (“API”) producers or to markets where flower can be imported. “In advance of this milestone, our team has signed several LOIs for the sale and distribution of dry flower and derivative products to several international jurisdictions, including the EU, Australia and Latin America. We are now in the position to unlock the significant potential from Cosechemos as we continue building our global distribution network,” said Jason Warnock, chief revenue officer of Flora Growth. “Our team believes this certification demonstrates our ability to offer high-quality output, while also serving as an important precursor to GMP certification so that we can produce pharmaceutical-grade cannabis products and cannabinoid-based active pharmaceutical ingredients.”

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

About Flora Growth Corp.

Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. Visit www.FloraGrowth.ca or follow @floragrowthcorp on social for more information.

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

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 SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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420 with CNW — New Study Concludes That Crime Reduction Effects of Cannabis Legalization Are Underestimated

For years, drug-reform activists in America argued that the country’s prohibitionist policies were counterproductive; instead of curbing drug abuse and crippling the criminal enterprises behind the drug trade, prohibition has imprisoned countless people of color for minor drug charges, shackling them with criminal records for the rest of their lives, and enriched the drug cartels that supply the black market with drugs.

Decades after former President Richard Nixon declared the war on drugs, the movement has been declared a failure by most pundits. Drug-reform advocates argued that rather than prohibit the sale of cannabis, launching a legal, regulated market would do what the war on drugs sought to do much more effectively.

Now a new study has found that not only does cannabis have a positive effect on crime reduction but that the effect of legalizing the controversial plant on crime numbers has actually been underestimated. Ever since American states began legalizing cannabis for medical and recreational use, several studies have attempted to look at the relationship between crime numbers and cannabis laws.

However, researchers have been severely limited in their research methodology, the study found, as they rely on FBI data collected from local police departments across the country. Since reporting this data to the FBI is entirely voluntary, the result is that the data on crime and cannabis underplays the extent to which medical cannabis laws have affected violent and property crime.

The study involved researchers from the U.S. Department of Agriculture’s (“USDA”) Economic Research Service and Appalachian State University in Boone, North Carolina. The researchers say that the country’s drug policy presumes that prohibition has a negative effect on crime rates, but unfortunately, insufficient data has made it impossible to test this assumption in medical marijuana states.

To get around the knowledge gap, the researchers developed a novel imputation procedure that allowed them to reduce the measurement error bias and estimate the true extent of medical marijuana laws on violent and property crimes, they write in the final paper titled “Smoke and Fear: The Effects of Marijuana Prohibition on Crime.”

The group’s final estimations revealed that medical marijuana laws would be followed by significant reductions in violent and property crime rates, especially in Mexican border states. This is likey because people are more likely to buy cannabis from legal vendors who have to ensure their products are safe, tested and meet certain standards, especially if they are using it medicinally.

Aside from reducing crime, medical marijuana is having an even bigger impact on the health and well-being of its users, and these positive effects could grow as more people adopt tools such as the RYAH Smart Inhaler manufactured by RYAH Group Inc. (CSE: RYAH) for the purpose of precisely measuring the dose of marijuana flower that medical marijuana users smoke.

NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. (CSE: RYAH) are available in the company’s newsroom at https://cnw.fm/RYAH

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 — Cannabis Legalization Caused Significant Decline in Illegal Cannabis Seizure Samples

Research led by a top cannabis investigator for the federal government revealed that state-level cannabis legalization has left the DEA with few samples of seized illicit marijuana to analyse. This finding supports the claim made by legalization advocates that consumer demand for unregulated marijuana from illicit channels will decrease as more legal markets are established.

The study, which was published in the “Biological Psychiatry” journal, was authored by Mahmoud ElSohly. ElSohly is in charge of the country’s sole federally authorized marijuana growing facility at the University of Mississippi. The study states that the number of samples received over the last five or so years has declined significantly because of the legalization of cannabis for either recreational or medical purposes in various states in the United States.

The decreasing number of seizures reported in the study provides the latest indication of the shrinkage of the unregulated market while the marijuana legalization movement spreads as more states legalize the plant for medical or recreational use.

Recent data released by the FBI also shows that cannabis arrests are also declining across the country, with numbers from last year showing significant decreases. An analysis from the U.S. Sentencing Commission that was released earlier this year found that federal cannabis trafficking cases also dropped last year as more states moved to legalize. A separate report released by Supreme Court Chief Justice John Roberts found that while cases involving cannabis declined by roughly a quarter, federal prosecutions of drug-related crimes increased overall in 2019.

Another study released in 2018 by the Cato Institute discovered that state-level cannabis legalization had considerably undercut cannabis smuggling. A recent study published in “Biological Psychiatry” also found that even as the number of DEA illicit marijuana samples gradually declines as the legalization movement spreads, the more limited supply shows that THC potency grew over time.

The study discovered that the average THC potency in seized cannabis increased from about 9.7% in 2009 to 14.8% in 2018, then it decreased slightly in 2019 to 13.8%. In addition, the average CBD concentration in seized cannabis dropped to 0.14% in 2017 from 0.4% in 2009. In 2019, CBD concentration then increased to 0.6%.

Legislators, researchers and advocates have argued that research that relies on the government’s marijuana is compromised, given that it usually contains considerably lower cannabinoid levels in comparison with the products sold in state-legal dispensaries.

Legalization has also made it possible for massive growth to be registered in different sectors of the cannabis industry, and the continuing success of companies such as Simply Sonoma Inc. provides concrete proof of that growth.

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

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 — Must-Know Benefits of Diapers Made from Hemp

Until a couple of years ago, the cultivation and sale of hemp were outlawed in the United States. Thanks to the 2018 Farm Bill, however, farmers can now grow hemp once their states or tribes opt into the hemp program and draft rules for the hemp market.

Hemp and marijuana are from the same family of plants with the caveat that hemp does not intoxicate users because it has limited amounts of THC, the chemical compound responsible for marijuana’s psychoactive effects. Despite this, hemp has enjoyed continued demand since commercial cultivation thanks to its wide variety of applications. Hemp has an almost unlimited range of uses, including rope, textiles, shoes, food, paper, and bioplastics, but I bet you’ve never heard of hemp diapers.

Hemp is known to make a durable fiber that can be spun into diapers that are vastly superior to what you would find on the market. Reusable diapers are extremely uncommon these days with more than 90% of American families using disposable diapers. With more than 4 million babies born in the U.S. every year, and families using up to 28 billion disposable diapers each year, the environmental impact of disposable diapers is catastrophic, especially since the diapers take roughly 100 years to fully break down; they also leach harmful chemicals into the ground. On the other hand, hemp diapers are wholly organic, can be reused, and are biodegradable, unlike the disposable varieties.

If Americans were to turn to reusable hemp diapers, the amount of waste material generated by the average American family, especially ones with newborn babies, would be significantly reduced. And since hemp diapers are extremely durable, they are stronger than traditional diapers and can last much longer. Once such a diaper is used, it can be easily cleaned without the need for expensive detergents, softener or bleach.

As such, hemp diapers are a completely organic, carbon-neutral alternative to traditional diapers. Diapers made from hemp also have antibacterial properties that make them resistant to a wide range of pathogenic bacteria. This makes them ideal for babies because they prevent the growth or spread of harmful bacteria from the waste material within the diapers.

Additionally, hemp diapers are more breathable compared to traditional disposable diapers, making them great for both the health of a baby’s skin as well as their comfort. Nonbreathable options often lead to diaper dermatitis and do not allow odors to escape, meaning a child may remain in a soiled diaper for some time before parents notice that a change is needed. The diapers are also water absorbent and are mold resistant, and have antimicrobial properties.

Hemp diapers are far superior to traditional options in many ways: they are more comfortable, resist the growth of bacteria and mold, and are easy on the environment. Only time will tell whether they will outpace disposable diapers that have now become the norm in America.

As hemp diapers make their way into the mainstream, hemp fabrics manufactured by companies such as Flora Growth Corp. (NASDAQ: FLGC) are widely available and offer a great way to appreciate the superiority of hemp clothing.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW — New CBD Law in California Draws Industry-Wide Attention

Last week, the governor of California signed into law a reform that opens the state’s economy globally to manufacturers of hemp-derived CBD products. The bill the governor signed, dubbed AB45, creates a framework for the manufacture and sale of hemp-derived products in the state.

The measure will allow hemp-derived CBD products to be sold to the state’s adult-use or medical cannabis retailers, with forecasts showing that those stores will hit sales of between $4.8 billion and $5.7 billion this year. Canopy Growth Corp.’s (TSX: WEED) (NASDAQ: CGC) head of lobbying, David Culver, states that officials had been working on this measure for more than two years.

Canopy Growth is involved in the manufacture of CBD products derived from hemp, which include a line of CBD gummies and Biosteel sports drinks. However, the company hasn’t been selling those products in California because the state’s cannabis policy didn’t allow the sale of over-the-counter CBD products.

In an interview, Culver stated that the measure would open up the state’s market and offer regulatory certainty for retailers in California to assure them that their products for sale won’t be confiscated or seized. Back in 2018, a ban on hemp-derived CBD in drinks and dietary supplements and food led to product seizures and occasional raids.

CV Sciences senior vice president of scientific and regulatory affairs Doug MacKay stated that before the 2018 ban, the company had been operating successfully in California and had built a lot of relationships. CV Sciences is involved in the manufacture and sale of hemp-derived CBD products. It sells its products in CVS drugstores and other countrywide retailers. After the ban, the company, which is based in California, had to stop distributing its products in brick-and-mortar shelves in the state.

MacKay applauds cannabis and hemp negotiators for not giving up until a compromise for the sale of CBD products was reached. In his statement, he noted that the measure marked a clear pathway to the market and afforded retailers a clear way to work with other CBD companies that are willing to have the right labeling and follow the laws.

However, not everyone is happy with the measure, as the ban on smokable hemp is still intact, which leaves hemp farmers at a disadvantage. National Industrial Hemp Council spokesperson Larry Farnsworth stated that the measure would affect hemp farmers in the state who grow smokable hemp flower. Some hemp producers in the state have even threatened to file a lawsuit over the new measure.

Those grumbles notwithstanding, the passing of the CBD law in California is likely to broaden the market for leading manufacturers of CBD products.

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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 – Flora Growth Corp. (NASDAQ: FLGC) Unveils New Cannabis Wellness Brand

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, and its Flora Lab division is launching Munzhi, a new cannabis wellness brand. The mass market brand will initially include 12 products, all certified by INVIMA, the Colombian branch of government that is equivalent to the United Stated Food and Drug Administration. The products will be distributed by five Colombian distributors, including Herson, Mintlab, Unidrogas, Roma and Axa, and will be available in an estimated 800 distribution points. Flora Lab is FLGC’s manufacturing and R&D division; Flora Lab is focused on development of pharmaceuticals, cosmetics and nutraceuticals. According to the announcement, the wellness market in Colombia has reached a $2.3 billion value, and Munzhi will be operating in this space. Initial Munzhi products will include facial serum, shampoo, conditioner, shower gel, body ointment, moisturizing lotion and more .“Through market studies, consumers have indicated they want the wellness benefits of cannabis but at an affordable price,” said Flora Growth president and CEO Luis Merchan in the press release. “Munzhi helps fill that need as well as an important gap in our product portfolio. The inaugural collection for Munzhi includes 12 products across four categories: wellness, hair, body and face. The collection combines the benefits of cannabidiol as an active ingredient, with other plant-based ingredients such as lavender oil and chamomile coconut amongst others.”

To view the full press release, visit https://cnw.fm/IFVw1

About Flora Growth Corp.

Flora Growth is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below-market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. For more information about the company, please visit www.FloraGrowth.ca.

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

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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