420 with CNW – CMC Urges UK Government to Rethink Medical Marijuana Policy

On Wednesday, the Centre for Medicinal Cannabis (CMC) requested the United Kingdom government to perform an urgent review of the medical marijuana policy regarding marijuana accessibility.

The request came after the CMC published the findings of a UK survey. The poll investigated the general public consumption frequency of street-available marijuana in England, Wales, and Scotland.

The YouGov survey had 10,602 respondents, and the study findings were published in a new report referred to as ‘Left Behind-The Scale of Illegal Cannabis Use for Medicinal Intent’. According to the survey findings, more than 1.4 million people (2.8% of the adults) are treating chronic health conditions with marijuana.

The report also revealed that people across all age groups, social standing, family groups,  and both sexes from Britain are using marijuana therapeutically, and half of them spend approximately £100 every month on weed to manage their symptoms.

After analyzing the survey findings, CMC made the following estimation on the number of people using marijuana to treat various health conditions in the UK.

  • Depression – 653,456
  • Anxiety – 586,288
  • Chronic pain – 326,728
  • Arthritis – 230,631
  • Insomnia – 182,583
  • Post-traumatic stress disorder (PTSD) – 177,778

The medical lead at the Center for Medicinal Cannabis, Dr. Daniel Couch, said that the data in their report highlights the personal, moral, and societal cost of consuming street-available weed.

According to the published report, marijuana consumption is done by people across all socio-demographic groups.  Self-medicating on medical marijuana was observed in 56% of people from social class C2DE, and 44% from ABC1.

The majority of the people who are self-medicating are between the ages of 18-44 ( 71.4%); however, a large number of users are above the age of 55 (14.6%), while 80% of these people use marijuana as a treatment daily or weekly.

On the issue of consumption frequency, the survey found that daily, weekly, and monthly use was 55.8%, 23.4%, and 8.5%, respectively. It also found that 42% of consumers spend more than £100 each month on street marijuana while 9% of consumers do not spend a penny on weed because they either grow it or are given by friends or caregivers.

The highest spending was observed among people who have Parkinson’s disease as they spent £350 each month.

According to the poll’s findings, people are using marijuana to treat the following conditions:

  • Depression,
  • Anxiety,
  • Chronic pain,
  • Insomnia,
  • Autism spectrum disorder,
  • Psoriasis,
  • High blood pressure,
  • Cancer,
  • Schizophrenia,
  • Spinal cord injury,
  • Glaucoma,
  • Heart disease,
  • Cascular disease,
  • Peripheral neurosis, and
  • HIV/AIDs.

According to the YouGov survey, the consumption frequency of people suffering from various ailments was as follows, Huntington’s disease 41.67%, schizophrenia, 41.18%, Parkinson’s disease 30.43%, Autism spectrum disorder 20.39%, Multiple Sclerosis 19.23%, and PTSD 17.37%.

The review on medical marijuana policy called for by the CMC is intended to ensure that patients can afford marijuana as well as reducing the personal risk of buying street-available weed.

Currently, the number of clinical trials assessing the therapeutic effect of marijuana-based medicines is limited.

The founder of the Center for Medicinal Cannabis, Steve Moore, said that the survey findings confirm their suspicion that at least 3% of the adult population in the UK are using marijuana to manage their chronic health conditions instead of the pharmaceutical products.

The report reaffirms the importance of re-evaluating the issue of marijuana accessibility in the UK, said the Ceo of Block Commodities, Ian Tordoff. Tordoff further noted that his company would continue to support CMC efforts and raise awareness of the positive impact of marijuana plants on public health and general social wellbeing.

Industry watchers believe that cannabis companies like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) are always deeply saddened when reports of entire populations forced to depend on marijuana from the black market emerge as this UK survey shows.

About CNW420

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

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HempNewsBreaks – SinglePoint Inc. (SING) Debuts New Line of JTI USA’s PrimeTime Little Cigars at 2019 MJBIZCON

SinglePoint (OTCQB: SING) recently entered into a distribution agreement with JTI USA, a multibillion-dollar organization with an international presence in 130 countries (http://cnw.fm/fFn79). An article discussing the company reads, “In addition to debuting the 1606 Original Hemp pre-rolled product, SING will represent — and take orders for — JTI’s PrimeTime Little Cigars debut. This product has already become known as the ‘best-flavored little cigars’ on the market. PrimeTime(TM) has built a reputation as a leading consumer over the last 20 years and has been in major accounts such as Circle K and 7-Eleven. . . . ‘I’m excited and honored to be working with JTI to distribute PrimeTime Little Cigars,’ SING CEO Greg Lambrecht stated in a news release. ‘The opportunity to work with a global leader in this category is exciting, and we are ready to expand Primetime’s U.S. market share with our unique experience in alternative markets. Having placed premium cigars in over 20,000 accounts, we expect this opportunity to be one of our major revenue sources in coming years, and to distribute additional JTI products as we grow this category.’”

To view the full article, visit http://cnw.fm/L5NZe

About SinglePoint Inc.

SinglePoint invests in and acquires brands and companies that will benefit from an injection of growth capital and sales and marketing expertise. The company’s portfolio currently includes solar, hemp and distribution tobacco products. SinglePoint is working to grow the company to a multinational brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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 – HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Slated for Success as Key Advancements Anticipated for Cannabis Industry in 2020

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), a hemp-biomass processing entity, recently entered into a share and purchase agreement with Starling Brands Inc. to acquire Starling’s subsidiary Kase Farma Inc., a company authorized to work with hemp cultivation, extraction, refining, formulation and distribution in California (http://cnw.fm/uMc95). A recent article discussing the company reads, “Starling executives anticipate that 2020 may be the biggest year ever for hemp and cannabis policy reform in the United States, given recent changes in the regulatory landscape such as the 2018 Farm Act’s passage by Congress and the president, the SAFE Banking Act’s passage by the House of Representatives this year and the Congressional introduction of the marijuana-decriminalizing MORE Act. . . . Kase Farma is preparing new equipment for processing and distilling up to 12,000 pounds per day of dried hemp biomass for the coming year’s hemp-cultivation season, and HTC is likewise preparing to process hemp biomass in Saskatchewan under a tolling strategy coordinated with area farmers. . . . HTC expects to sell extracted cannabidiol (CBD) through brands under its related entity, Purely Canada Foods, including Purely Canada Hemp(TM), Purely Canada CBD(TM), Purely Canada CBG(TM) and Purely Canada Cannabinoids(TM).”

To view the full article, visit http://cnw.fm/17bP8

About HTC Extraction Systems

HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

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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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Focuses on Offering Premier, Dosable Cannabis Products

Plus Products (CSE: PLUS) (OTCQB: PLPRF), a hemp and cannabis food company using nature to bring balance to consumers’ lives, is concentrating on producing edibles using extracts to ensure compliant, dosable and tasty products that provide a reliable cannabis experience. An article discussing the company reads, “In California, PLUS has established its iconic product: PLUS Gummies (cannabis infused). Its Plus Uplift Sour Watermelon was the best-selling cannabis product in California in 2019. . . . Of note to investors is that Plus Products is centered on quality growth in California and beyond. Its emphasis is on thoughtfully building a brand in a strategic, deliberate approach. The company is growing its brand through new markets, new products and new consumers. . . . . Plus Products continues to be driven by its dedication to premier dosable products. For investors, PLUS is marketing creatively including product launch partnerships with American superstar John Legend and direct-to-consumer sleep pioneer Casper. PLUS recently entered the national hemp CBD market expected to exceed $20 billion by 2022.”

To view the full article, visit http://cnw.fm/Nq1Hq

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California, and has 80 employees. For more information, visit the company’s website at www.PlusProductsInc.com.

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

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CannabisNewsBreaks – technical420 Highlights Potential Acquirers, Acquisition Targets as 2020 Shapes to be a Bounce-Back Year for Cannabis M&A

A recent editorial by Anthony Varrell of technical420 reviews a slowdown in merger and acquisition (M&A) activity in the cannabis sector during the last year and its expected positive trend and bounce back in 2020 and moving forward. The article highlights three companies thought to be potential acquirers, including Canopy Growth (TSX: WEED) (NYSE: CGC), MediPharm Labs (TSX: LABS) (OTCQX: MEDIF) and Jushi Holdings (CSE: JUSH), as well as companies technical420 believes could be potential acquisition targets, including Stem Holdings (CSE: STEM) (OTCQX: STMH), Fire & Flower Holdings Corp. (TSX: FAF) (OTC: FFLWF) and WeedMD (TSX.V: WMD) (OTCQX: WDDMF). “Several high-profile acquisitions that were announced in 2019 have been terminated or are still pending. The closing of these acquisitions will be a positive trend for the sector, and we expect to see a bounce back in the cannabis M&A market in 2020 and beyond,” Varrell writes. “Once valuations start to improve, we expect to see a significant increase in the amount of M&A activity, and this is a trend that we will continue to monitor.”

To view the full article, visit http://cnw.fm/EMjj4

About technical420

Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.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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CBDNewsBreaks – Marijuana Company of America, Inc.’s (MCOA) hempSMART Enters Definitive Sales Agreement to Offer Ultra-Clean Label CBD Beverage Products

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that its wholly owned subsidiary, hempSMART Inc., has entered a definitive sales agreement to purchase ultra-clean label CBD beverage products from MCTC Holdings Inc. (OTC: MCTC). Science and technology innovation company MCTC is focused on developing patented hemp extract infusion technologies and the sustained release of cannabinoids in the human body. According to the update, the new hempSMART(TM) branded products will be unique to the marketplace, and, during the initial stage, MCOA will offer a line of powdered drink mixes containing broad-spectrum hemp extracts with over 35 milligrams of CBD derived from all-natural extraction processes. Other powdered and pre-mixed beverages will be included in future offerings. “We are quite excited to unveil our new, ultra-clean label product line of CBD-infused powdered drink mix,” hempSMART Chief Operating Officer Trevor Muehlfelder said in the news release. “The products are based on a unique dual-hemp extract infusion process that’s unlike most products and have no artificial ingredients or chemicals. Our new product line is based on organic ingredients, including organic inulin from vegetables and trace amounts of organic coconut and sunflower oils, combined with a touch of CBD-infused honey produced at organic farms. This will truly be a unique, clean label product offering. We believe our new powdered drink line will revolutionize the beverage marketplace in the new 20’s the same way Coca Cola did in the 1920’s.”

To view the full press release, visit http://cnw.fm/Q38x3

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

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

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks 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, CBDW 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. CBDW 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, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business combination is no longer viewed as the best shareholder maximization strategy and is considering numerous other opportunities that it believes are superior. “The hydroponic transaction was proposed more than two years ago and since that time the industry has changed significantly. Simply Put – We have looked long and hard at the industry situation and we have determined there are numerous other potentially larger opportunities at this time for Sugarmade and its shareholders,” SGMD CEO Jimmy Chan said in the news release. “The previous transaction is not the best way for us to maximize shareholder value.  We are very pleased to be returning all of the issued shares to the treasury, which significantly lowers our outstanding shares, placing us in a prime spot as an industry consolidator of the many troubled assets in the sector. Thus, as a board of directors, we are taking the bold step to rescind the Past of the industry in favor of the Future of the industry and the more lucrative opportunities that are currently under consideration.”

To view the full press release, visit http://cnw.fm/GxY2j

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.

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

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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