Author: CannabisNewsWire (CNW)

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) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

420 with CNW — Court Order Halts NY Marijuana Dispensary Openings

A New York court has blocked the official launch of marijuana dispensaries in the state following a decision by a judge to halt the retail licensing process. The court sided with a lawsuit filed by disabled veterans who argued that New York’s licensing policy, which prioritizes entrepreneurs who were harmed by cannabis criminalization, is unconstitutional.

Social equity has been a key aspect in many state marijuana programs in the United States, with most programs including provisions meant to reinvest in individuals and communities that were disproportionately affected by the war on drugs. Individuals from Black and Brown communities were and still are significantly more likely to be arrested for cannabis.

Marijuana enforcement caused significant long-term harm to these communities, and social equity policies are designed to allow these communities to profit from the lucrative cannabis industry. In New York, these provisions included providing prioritized licensing access to individuals who were harmed by the failed drug war.

However, the lawsuit against cannabis regulators claimed that prioritized access to licensing is unconstitutional and asked the court to halt the retail license issuing process. New York Supreme Court Justice Kevin Bryan ruled in favor of the disabled veterans, stating in his order that the licensing program could cause “irreparable injury, loss, or damage” if it moved forward.

This licensing program would have given certain victims of the drug war and nonprofit organizations that serve former convicts priority access to the first retail dispensary licenses. The state also created a special program to pair entrepreneurs with prior convictions with capital and real estate. However, close to two and a half years after New York legalized cannabis, less than 20 businesses started through the program are open.

Even though the state prioritized people with past cannabis convictions or family members of those individuals, the 2021 cannabis legalization law defined social and economic equity applicants as women-owned businesses, service-disabled businesses and minority-owned businesses, as well as individuals from communities that bore the brunt of the war on drugs.

This isn’t the first time cannabis regulators in New York have faced a lawsuit. A similar lawsuit filed by a coalition of medical cannabis businesses in March claimed that the state overstepped its authority by making the first pool of licenses available only to people with cannabis convictions or their relatives. The memo filed with the suit claimed that the New York Office of Cannabis Management and the Cannabis Control Board along with their top officials “overstepped their rule-making authority.”

Another suit from November caused a judge to temporarily halt the issuing of cannabis dispensary licenses in Brooklyn and certain parts of New York.

All these legal bottlenecks are hamstringing many companies, including ancillary ones such as Advanced Container Technologies Inc. (OTC: ACTX), that would in one way or the other tap into the opportunities presented by a thriving cannabis industry in New York State.

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

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 Industry Lobbying Increases as Looming Government Shutdown Leaves SAFE Banking in Balance

The U.S. marijuana sector persists in allocating substantial financial resources toward influential advocates, aiming to sway senators into endorsing marijuana reform. Nonetheless, this endeavor faces a potential impediment in the form of an imminent government shutdown, capable of profoundly disrupting the legislative schedule of Congress.

During the first six months of 2023, marijuana enterprises and industry coalitions invested more than $2.4 million in lobbying efforts directed at the Senate, according to the latest disclosures in federal lobbying records. This falls short of the $2.9 million expended during the latter half of 2022, including the session following the general election, when the prospects of marijuana banking reform appeared remarkably promising.

While certain corporations have trimmed their expenses or completely revoked contracts due to economic challenges facing the sector, other entities have come to terms with the reality that lobbying expenditures are an essential investment for their survival.

However, the outcomes of those efforts so far bear a frustrating resemblance to the past: well-received and long-anticipated reforms, such as guaranteed access to banking services and more ambitious objectives such as rescheduling, persist as tantalizingly close yet unattainable. As lawmakers disperse for the August recess, the possibility of the SAFE Banking Act being ratified within President Joe Biden’s inaugural term remains viable, albeit subject to change.

Yet, the likelihood of success will gradually diminish without the passage of critical spending bills, as indicated by congressional staff members and lobbyists on Capitol Hill.

Following the resumption of sessions on Sept. 5, 2023, Congress’s principal focus will be on ratifying the essential spending legislation to prevent a government shutdown on Oct. 1. A government shutdown is set off when Congress fails to pass the necessary funding bills, resulting in substantial disruption, a scenario that is currently foreseeable, as recently pointed out by the Brookings Institution, a think tank situated in Washington, DC.

As the interval without a spending debate increases, the time allocated on legislative calendars for other legislative actions decreases. This encompasses the consideration of the SAFE Banking Bill, which is slated to undergo a comprehensive markup hearing in the Senate Banking Committee, a precursor to the final Senate floor vote. The procedure advocated for this year experienced a major milestone when the bill obtained an informational hearing in mid-May.

However, a markup hearing, a session involving the introduction and debate of amendments to potentially modify the bill, was initially promised for the summer months, first in June and then in July. However, disagreements between bipartisan representatives regarding the final form of the bill, coupled with the aim of securing additional Republican endorsements to ensure the bill’s passage, prompted the Senate to adjourn for the August recess without holding this hearing. Additionally, complications have arisen from requests by companies that have existing bank accounts.

Nonetheless, observers in Washington broadly concur that significant hurdles persist for this proposal, primarily concerning antimoney laundering provisions and the ability to garner adequate Republican support to ensure passage in the full Senate. Lobbying records substantiate the evidence: while rescheduling and the potential establishment of a nationwide legalized marijuana industry akin to Canada’s aspirations endure as long-term goals, the SAFE Banking Bill remains the paramount priority of the marijuana sector.

For some companies that have chosen a pharmaceutical path to cannabis product development, such as IGC Pharma Inc. (NYSE American: IGC), access to banking services isn’t an issue because they engage in a federally accepted business, unlike mainstream marijuana companies which are only state approved.

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

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 — Ohio Campaigners Submit 6,500 Extra Signatures to Put Recreational Marijuana on Ballot

The organization spearheading the campaign for the legalization and oversight of marijuana in Ohio recently stated it has amassed nearly tenfold the requisite additional signatures to present the matter to the public for consideration this November. Tom Haren of the CTRMLA conveyed that the group’s collective efforts garnered an additional 6,545 signatures.

During the initial days of July, the group formally submitted well over 222,000 signatures to Frank LaRose, the Ohio secretary of state. That number was a substantial surplus in comparison to the stipulated 124,046 necessary for the proposition’s eligibility on the November 2024 general election ballot.

However, the revelation emerged three weeks later that only slightly more than 123,000 of these signatures were substantiated. This revelation compelled LaRose to remark that the recorded verification outcomes signified an “inadequate count of valid endorsements.” Additionally, he made it explicit that there remained a 10-day window for the campaign to secure and submit the requisite supplementary endorsements.

With the recent deposition of 6,545 endorsements, proponents are confident that they’ve bridged the gap with a notable surplus. Articulating the coalition’s sentiment, Haren stated confidently, “This presentation affirms our continuous assertion: the regulation of marijuana finds favor amongst the populace of Ohio.”

Subsequently, LaRose’s office undertakes the task of verifying these endorsements. Should at least 679 of them be verified, the instigated statute will earn a place on the ballot this November, sharing space with a constitutional amendment aimed at safeguarding access to reproductive healthcare, contraception and abortion.

The proposed ballot measure advances the notion of permitting individuals aged 21 years of age and above to purchase and possess up to 2.5 ounces of marijuana, along with the allowance to cultivate plants at their residences. In addition, a 10% tax allocation would be directed toward administrative expenses, addiction rehabilitation, municipalities housing dispensaries and initiatives promoting social fairness and employment.

If ratified, Ohio would assume the status of the 24th state to legalize recreational marijuana. The verdict of a dedicated election scheduled for Aug. 8, 2023, weighing the elevation of prerequisites for future constitutional amendments, holds no bearing on the marijuana inquiry, considering its advancement through the avenue of citizen-initiated statute progression.

Ohio initially legalized medical cannabis in 2016 via the legislature, culminating in the inauguration of regulated dispensaries in 2019. A precursor endeavor to legalize recreational marijuana in 2015 was included in the ballot but met defeat, opposed by a majority of more than 65% of Ohio’s voters.

If these additional signatures are certified by the state, Ohio could be on its way to licensing marijuana companies. Those companies will, in turn, create a bigger market for other enterprises such as Advanced Container Technologies Inc. (OTC: ACTX), whose niche is in supplying cultivation equipment, including for marijuana cultivation.

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

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 – GRN Holding Corporation (GRNF), One World Legends Enter Strategic Joint Venture

GRN Holding Corporation (OTC: GRNF) and Marijuana Inc., having recently merged into a consolidated entity, today announced a joint venture with One World Legends (“OWL”), a distinguished player in the cannabis sector. The partnership marks a significant step forward in shaping the future of the cannabis industry and fostering innovation, growth and global collaboration. “We have been working with One World Legends for two years on this project. The joint venture signifies a powerful fusion of expertise, vision and dedication,” said Donald Steinberg, CEO of Marijuana Inc. “OWL has a selection of 17 Landrace strains, which include some famous old strains such as Acapulco Gold, Maui Wowie, Colombian Punta Roja, Durban poison, Jamaican Lambs Breath, Thailand and more. OWL is also growing another selection of 20 more of the most famous hybrid strains in the world, which are currently growing in Colombia in preparation for global distribution… Mr. Petrullo has a ‘one-of-a-kind’ business plan, now being implemented and setting the groundwork for large-scale cannabis distribution, both CBD and THC flower varieties.”

To view the full press release, visit https://cnw.fm/eSOw2

About GRN Holding Corporation

GRN Holding Corporation is a publicly quoted company that recently merged into a consolidated entity with Marijuana Inc. GRN Holding Corporation is currently working on the name change to Marijuana Inc. and the ticker change. The company is involved in the global distribution and sale of marijuana in states and countries where legal to do so. The company has set into motion collaborations with marijuana farmers to distribute high grade, low-cost marijuana to legal consumers, wholesalers and retailers.

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 — CNN’s Dr. Gupta Discusses Marijuana Use by Seniors

In a recent article titled “Cannabis is Having a Senior Moment,” CNN’s Dr. Sanjay Gupta talked about the increasing rates of marijuana use among older Americans. People aged 65 and older are now the fastest growing group of marijuana users in the country, Gupta said, dubbing the trend a kind of “senior moment” that has left him quite surprised.

America is currently home to a massive state-level medical marijuana industry that serves millions of patients and generates hundreds of millions of dollars per year in medical cannabis sales. Surprisingly, a significant portion of medical marijuana patients are older individuals, belying the idea that cannabis in all its forms is a young man’s game.

Unlike younger, more liberal generations who grew up after the war on drugs, seniors spent their formative years in a world that criminalized cannabis as harshly as cocaine and heroin. They experienced anticannabis sentiment for the majority of their lives and were inundated with messages about the personal and societal ails associated with consuming cannabis.

This generation is now adopting cannabis in surprising numbers, Gupta said, with recent studies indicating that more seniors are using cannabis to address age-related issues such as pain from arthritis and poor sleep. In many cases, seniors prefer to use cannabis in place of prescription opioids, antidepressants and sleeping pills, Gupta noted.

The growing trend of cannabis use among America’s senior population encouraged Gupta to begin working on his most recent documentary, “Weed 7: A Senior Moment.” Gupta notes that  cannabis could have “tremendous implications” if it could replace the pharmaceuticals many American seniors take on an almost-daily basis. Prescription pharmaceuticals have a myriad of side effects that can significantly diminish the quality of life of seniors while cannabis doesn’t seem to exhibit severe side effects.

Incorporating cannabis into treatments for seniors could also result in major cost savings as the United States spends close to $600 billion of its annual healthcare budget on pharmaceuticals alone.

With Gupta estimating that more than 30% of seniors take at least five pharmaceuticals per day, overall prescription pharmaceutical medication use may decrease if seniors transition to using cannabis as an alternative medication in mass.

Close to 40 states currently allow their residents to use medical marijuana to address more than 20 medical conditions. These conditions include chronic pain, inflammatory bowel disease, irritable bowel syndrome, obsessive-compulsive disorder and PTSD, to name a few.

This medical use of marijuana lends credence to the efforts by companies such as IGC Pharma Inc. (NYSE American: IGC) to develop FDA-approved formulations from cannabis targeting different disease conditions, such as chronic pain.

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

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— Maine Enacts Law Granting Cannabis Businesses Tax Relief

Maine Governor Janet Mills has approved legislation to provide tax relief to players in the state’s marijuana industry. The bill will partially bypass the Internal Revenue Service, which prohibits cannabis businesses from making federal tax deductions through IRS code 280E, and grant licensed cannabis businesses access to state tax deductions.

The law expands on previous legislation that already provided licensed medical cannabis operators with tax relief and will allow players in the industry to make tax deductions for business expenses associated with running a manufacturing facility or registered dispensary, or carrying out trade as a registered caregiver.

A statement from the Maine Office of Cannabis Policy (OCP) noted that the legislation would allow licensed cannabis operators to make business expense deductions on their tax returns such as the medical cannabis industry and other conventional sectors.

Marijuana operators in the state will undoubtedly be pleased with the news as cannabis businesses in most states have consistently complained about their large tax burden. Cannabis-related taxes and fees in America’s state-legal cannabis industry are so high that a significant portion of consumers are turning to the illicit market where products are significantly cheaper.

Introduced by Senator Teresa Pierce, the cannabis tax bill would give businesses in the sector the chance to recoup some of the costs through state tax deductions, potentially allowing them to pass on some of their savings to their customers and reduce product prices. According to the bill, the state of Maine would recover the funds it will use for the tax deductions by taking part of the tax revenue earned from medical cannabis sales.

Pierce explains that while businesses that can write off their business costs have an average tax rate of 40% of gross income, businesses without access to tax deductions often pay up to 70% of their gross income as tax. She called the difference in tax code unfair and appalling while testifying before a joint committee and said that it forced business owners to experience losses in order to hire and maintain their workers, offer benefits and reinvest in the business.

This makes it extremely difficult for small operators with limited access to capital to operate in the industry and encourages the development of monopolies by large, multistate companies. Given that Maine’s medical cannabis industry already had access to these tax deductions, Pierce said that it was only fair to extend access to the recreational cannabis industry as well.

This tax relief can allow companies to scale their operations, such as by acquiring more cultivation equipment from manufacturers such as Advanced Container Technologies Inc. (OTC: ACTX), in order to serve more customers.

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

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— Study Finds Workplace Accident Rates No Different Between Off-Duty Marijuana Users and Non-Users

Employees who engage in off-duty marijuana consumption do not display a higher likelihood of encountering workplace injuries when compared to abstainers, according to recent research that challenges the sweeping zero-tolerance policies commonly adopted by employers. On the other hand, individuals who use marijuana during work hours exhibit a nearly twofold increase in the probability of being involved in a workplace incident, in contrast to both nonusers and those who consume marijuana during their personal time.

This discovery stems from a collaborative effort by researchers hailing from the Toronto Rehabilitation Institute, the University at Buffalo and the University of Toronto. The findings were recently published in the “Canadian Journal of Public Health.”

In two years, the study tracked 2,746 Canadian workers who occupied positions spanning both safety- and nonsafety-sensitive roles. The exhaustive analysis paid specific attention to the 11.3% subset of the sample who sustained workplace injuries during the specified timeframe.

Among the diverse pool of respondents, the investigation highlighted that 10.2% of those affected by workplace injuries were classified as nonusers, with 11.14% identified as off-duty consumers. Meanwhile, a notable 20.13% reported marijuana consumption either within two hours before or during their working hours.

According to study findings, individuals who admitted to using marijuana within the confines of their workplace exhibited a 1.97 times greater risk of encountering workplace injuries in comparison to those who refrained from such consumption. Conversely, no significant association was observed between nonworkplace usage and the occurrence of workplace injuries.

Consequently, the researchers deduced that the critical factor influencing workplace injuries is the proximity of marijuana use to work hours rather than consumption outside of professional settings.

Stratifying the data for safety-sensitive workers revealed that injury rates stood at 20.14% for nonusers, 23.3% for off-duty consumers, and 31.35% for on-the-job indulgers. For nonsafety-sensitive roles, the figures were notably lower, with nonusers experiencing injury at a rate of 4.27%, off-duty users at 4.19%, and those consuming marijuana during work at a higher 12.3%.

The researchers affirmed that their study provides a more lucid perspective on the connection between marijuana use and workplace injuries, an area that previous conflicting studies have clouded. They explained that prior research had neglected the temporal aspect of consumption concerning workplace injuries, which their study effectively accounted for.

Ultimately, the researchers concluded that solely workplace-related marijuana use poses a genuine risk of future workplace injuries, regardless of whether the job role falls within the safety-sensitive category.

Some of the concerns about marijuana use will likely disappear as more enterprises bring to market cannabis-based formulations along the lines of what IGC Pharma Inc. (NYSE American: IGC) is developing for chronic pain management. These medications will move many medical marijuana users away from taking unprocessed cannabis, which is a source of concern for employers and some authorities.

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

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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420 with CNW — Minnesota Marijuana Drinks Makers Enjoying Great Market Conditions

The cannabis-infused beverages segment of America’s state-legal cannabis market seems to be performing admirably in one of the most unexpected states: Minnesota.

Favorable market conditions in the state have helped cannabis-beverage producers and retailers in the state earn millions of dollars in recent months, making Minnesota one of the best markets for marijuana drinks in not only the United States and Canada but Europe as well.

With recreational cannabis sales slated to begin in less than a year in the state, the recent success of the cannabis-infused drinks segment could be an indication that demand for cannabis and cannabis products among Minnesotans is quite high. Thanks to factors such as easy access, less cannabis-associated stigma and Minnesota’s location, cannabis-infused beverage retailers have been selling an average of more than $1 million worth of products every month.

State regulators allow Minnesotans to purchase cannabis drinks at grocery chains. restaurants, and liquor stores, meaning a significant percentage of Minnesota residents have easy access to cannabis drinks. Furthermore, with the closest states that allow recreational cannabis sales (Michigan and Illinois) being hours away, most residents and consumers from neighboring states have nowhere but Minnesota to purchase low-THC beverages.

Minnesota’s low-THC product segment was born when federal lawmakers passed the 2018 Farm Bill, legalizing the cultivation and sale of industrial hemp (cannabis with less than 0.3% THC) and its derivatives. Since Minnesota doesn’t require that retailers have a license to sell products infused with hemp-derived THC, the segment kicked into overdrive as soon as the Farm Bill became law close to five years ago.

According to Blunt Strategies partner and principal Leili Fatehi, the measure allowed millions of Minnesotans to purchase low-THC offerings as easily as they could buy alcohol.

Furthermore, Fatehi explains, consumers seem to be interested in engaging and learning more about marijuana-infused drinks and how to consume them safely.

Local manufacturers such as Surly Brewing Co. in Minneapolis and interstate players such as California-based Cann have been major winners in the recent cannabis-infused beverage sales boom.

The segment largely owes its success to a 2022 measure that legalized the sale of hemp-derived THC edibles in retail outlets, including convenience and grocery stores that are typically prohibited from taking part in the cannabis market in other states. While some pundits say the explosion in sales is indicative of the market’s demand for recreational cannabis, others believe that changes in adult-use cannabis policy in Minnesota could impact sales.

Minneapolis-based marijuana attorney Jason Tarasek says that recreational cannabis legalization could lead to increased licensing requirements and regulation for players in the hemp-derived THC segment.

On a plus side, the launch of recreational cannabis sales will also bring welcome business opportunities to nationwide ancillary companies such as Advanced Container Technologies Inc. (OTC: ACTX) as well as lead to the mushrooming of many marijuana enterprises.

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

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 — Indoor MJ Growers Give Insights into How Preharvest Care Can Optimize Yields

The harvest phase is an essential step in making marijuana products such as flowers and oils. Before the crops are collected, a lot of careful planning and preparation happens. Different growers, whether they’re growing indoors, in greenhouses, or outdoors, need to learn different ways to do this. Each place has its own challenges.

For indoor growing, it’s important to have a clear plan and to be able to watch over the plants closely. Nic Robertson from 4Front Ventures says the company creates daily schedules for its plants leading up to harvest. This is when the plants finish their life cycle. Ryan Cook from Jushi Holdings agrees that planning and preparing well are keys to success in harvesting.

Although there are many ways to grow, there are some things that all successful growers do. They make sure the lighting is right, control the temperature and humidity, manage nutrients and take care of the leaves.

Indoor growers use special lights to help the plants grow. They start with lower-intensity light and gradually increase lighting as the plants develop. This helps the plants make more of the good stuff such as cannabinoids and terpenes, which make the plants valuable. They also use red light to improve the flavors and yields.

Temperature and humidity are important factors too. Growers adjust these to make sure the plants stay healthy and produce good yields. As plants get closer to harvest, the temperature and humidity are lowered to protect the valuable compounds and keep the plants safe from harmful things.

Nutrients the plants receive are carefully managed too. As the plants grow and start to produce buds, they need different nutrients. Nitrogen is decreased, while phosphorus and potassium are increased. This helps the plants make better buds and resin.

Watering the plants is like giving them a drink. But as harvest time approaches, watering changes. This helps the plants get rid of extra nutrients and prepare for harvest. It’s important to do this carefully so the flavor and smell of the final product stay good.

As the plants get closer to harvest, growers need to be very attentive. The plants need less water, so growers have to be careful not to overwater them. Some growers use special tools to measure how much moisture is in the plants’ growing medium. This helps them make the right decisions and keep the plants healthy.

In the end, everything comes down to balance. The right amount of light, the best temperature and humidity, the nutrients, and the water — everything needs to be just right. And as the time for harvest comes, growers carefully balance all these factors to make sure the plants are healthy and ready to become the products that people enjoy. It’s a mix of science and care, creating a special connection between humans and the plants they grow.

When the cultivation conditions are just right, upstream companies such as IGC Pharma Inc. (NYSE American: IGC) can obtain top-notch cannabis compounds to use in their efforts to develop standardized medicines that meet FDA requirements.

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

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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For more information please visit https://www.CNW420.com

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http://www.CNW420.com
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420 with CNW — Recreational Marijuana Legalization Law Takes Effect in Minnesota

Minnesota has recently joined the growing list of states that have legalized recreational cannabis use for adults aged 21 and older. This move marks a significant shift in the state’s approach to cannabis. Below are several key developments shaping the new landscape:

Legalization timeline

Minnesota’s journey toward cannabis legalization has been gradual. In 2014, the state took its first steps by legalizing limited medical marijuana use, which included nonsmokable forms such as oils and pills.

In 2022, edibles containing small amounts of hemp-derived THC were also legalized. This year, on May 30, 2023, Governor Tim Walz signed a comprehensive cannabis legalization bill into law, permitting recreational use for adults starting on Aug. 1.

Dispensaries and tribal sovereignty

While recreational dispensaries are not expected to open until the state establishes a licensing system and tribal governments have been granted more autonomy. Minnesota’s 11 Native American tribal nations hold sovereignty, allowing them to operate independently of state regulations.

This unique situation led to the opening of the first recreational marijuana dispensary, NativeCare, on the Red Lake Nation on Aug. 1.

Possession and cultivation

Although dispensaries are not yet fully operational, Minnesotans have the right to possess, use and even grow cannabis within certain limits. Possession of up to two ounces in public is no longer a crime, and individuals can also have edibles with up to 800 mg of THC as well as cultivate up to eight marijuana plants at home. However, exceeding this limit could result in penalties.

Taxation and regulation

Minnesota has introduced a 10% tax on retail cannabis products, with 80% of the proceeds designated to cover state regulatory costs and the remaining 20% benefiting local governments.

The newly established Office of Cannabis Management will oversee the regulation of the industry, including setting standards and managing licensing. The funds generated will also support public health initiatives, training for drug recognition evaluators and research on cannabis.

Variations and employer policies

Local municipalities have the authority to impose temporary restrictions on cannabis sales until 2025. This has led to a patchwork of regulations across different cities and towns. Similarly, employers can still prohibit cannabis use for certain safety-sensitive roles but must inform employees of their drug-testing policies.

Criminal records and expungement

Minnesota is taking steps to address the impact of previous marijuana convictions. Records related to low-level offenses are being automatically sealed, benefiting thousands of individuals. Cases involving more serious offenses will have a pathway for review and potential expungement, though those involving violence or danger are unlikely to qualify. This process aims to provide a fresh start for many who have been affected by past convictions.

Medical marijuana and future outlook

Minnesota’s medical marijuana program remains intact, serving patients with qualifying conditions. The impact of recreational legalization on medical cannabis providers is uncertain, as is the potential entry of these providers into the recreational market.

The state continues to evolve its cannabis regulations, with changes to the medical program scheduled for 2025.

Minnesota state fair policy

The Minnesota state fair, while possessing its own legal autonomy, has chosen to prohibit cannabis smoking on its grounds in 2023. Discussions about potential rule changes for future fairs remain open.

The implementation of the recreational marijuana law in the state is likely to come with a boom in the sales of many companies, including ancillary ones such as Advanced Container Technologies Inc. (OTC: ACTX).

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

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)

For more information please visit https://www.CNW420.com

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.