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 — DC Mayor Enacts Measure Allowing Patients to Self-Certify as Medical Cannabis Patients

Dozens of states in the United States have now legalized medical cannabis use. In most of these territories, qualifying patients have to receive a recommendation from their doctors before accessing medical marijuana. In Washington, DC, however, patients will now be able to certify themselves as medical cannabis patients without a physician’s recommendation after the mayor recently signed emergency legislation into law. The district council approved the measure unanimously last week in a 13-0 vote.

The emergency bill effectively allows the council to work around a congressional rider that forbids DC from using federal dollars to launch a recreational cannabis market. Councilmembers Mary Cheh and Kenyan McDuffie first introduced the bill.

Washington, DC, Mayor Muriel Bowser said that the legislation would build on efforts by Washington lawmakers to create a patient-centric medical cannabis program. She stated that allowing more patients to access medical marijuana when needed and leveling the playing field for licensed medical marijuana sellers will protect the residents, provide opportunities for local businesses and provide much-needed clarity.

Mayor Bowser applauded the district council for approving the legislation, calling it an innovative solution to the complex issues that affect the district’s medical cannabis sector. Furthermore, she added that she was looking forward to working with the council and the Alcoholic Beverage Regulation Administration (ABRA) on future comprehensive and permanent medical cannabis reform.

District Council Chairman Phil Mendelson introduced a similar bill that would have facilitated the self-certification process a while back, but DC lawmakers voted it down in April. The bill had received criticism because of provisions that would have given law enforcement leeway to crack down on unlicensed businesses that were taking advantage of current policies to “gift” cannabis to customers who purchased unrelated services and gifts.

Faced with claims that these provisions could further the harms caused by the war on drugs while benefiting existing industry interests, Mendelson said that the bill said nothing about criminal penalties for such establishments. He argued that such businesses weren’t only a gray market, but they are illegal and are eroding the customer bases of licensed medical marijuana businesses. Mendelson said that his measure would make it easier for licensed medical cannabis businesses to maintain their customer bases. However, the law failed to advance.

The emergency legislation that was recently signed into law does not contain these enforcement provisions. However, it notes that customers often have little or no barriers to accessing cannabis from “gray” market suppliers.

The growing frustration about the hindrances to the cannabis industry originating from the federal government’s stance isn’t restricted to sector players such as Cannabis Strategic Ventures Inc. (OTC: NUGS). Even jurisdictions such as Washington, DC, are reaching the limit of their patience and have started finding workarounds to the outdated federal restrictions, as exemplified by the law discussed above.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

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 – REZYFi Inc. Ideally Poised amid Potential Shifts in Marijuana Jurisprudence

REZYFi, a growth mortgage origination and specialized financing company focused on the cannabis industry, is positioned to benefit from recent efforts in the U.S. with respect to marijuana. “In what pundits describe as a move to follow through on some of his campaign promises, the President announced a blanket federal pardon for people incarcerated for marijuana possession. Biden also tasked the Health Secretary and Attorney General with initiating a process that could culminate in the rescheduling of marijuana, which is currently classified as a Schedule 1 drug, a category supposedly meant for substances with a high potential for abuse and no accepted medical use. Multiple analysts reckon that the move… could drive a renewed push for federal marijuana reform. Though not a decriminalization, the rescheduling would be a win for the industry, according to executives, as it would remove the issues associated with the enforcement of Section 280E of the Internal Revenue Code,” reads a recent article. “The announcement and the resulting process, which are set to benefit companies like REZYFi, arrive at a time when both Congress and the Senate are working on marijuana reforms. (The Senate, in particular, is poised for the first time to be able to move on Congressional action, according to Oregon’s 3rd District Representative Earl Blumenauer.) Last fall, the U.S. House of Representatives passed the Secure and Fair Enforcement (‘SAFE’) Banking Act of 2021 for the fifth time since its introduction in 2013. The House also passed the Marijuana Opportunity Reinvestment and Expungement (‘MORE’) Act this spring. And although both bills are yet to pass the Senate or receive presidential assent, they are poised to enrich the marijuana jurisprudence if and when they do.”

To view the full article, visit https://cnw.fm/Hnch7

About REZYFi Inc.

REZYFi is a cannabis-focused mortgage origination and specialized financing company in the U.S. The company originates, structures and invests in first mortgage loans and alternative structured financings secured by commercial and residential real estate properties. For more information, visit the company’s website at REZYFi.com.

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

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 844-397-5787 (U.S. Mobile Phones Only)

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

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420 with CNW — DC Legislative Committee Approves Reform Bill Eliminating Cannabis Business Licensing Caps

Lawmakers in Washington, DC, recently passed a medical cannabis reform bill that could bring numerous changes to the district’s cannabis policy if enacted into law. This bill removes caps on the number of medical cannabis business licenses that can be issued, creates new classes of cannabis business licenses and promotes social equity within the industry.

This bill was unanimously supported and approved in the Committee on the Judiciary and Public Safety. In its current state, the bill will also make permanent a temporary law previously signed by the mayor allowing adults who are at least 21 years old to self-certify as eligible for medical cannabis within the jurisdiction of DC. The law also paves the way for new categories of medical cannabis businesses. These include consumption lounges and delivery services as well as marijuana cooking classes.

The original text of the bill had proposed that the current number of dispensaries be increased by a defined number. However, the changes made to this text by the committee eliminated the cap altogether and left the decision about how many businesses to license to the responsible agency, which is the Alcohol Beverage Regulation Administration. This body will have to provide lawmakers with an analysis justifying any changes to licensing caps. For example, the regulator can avail data showing that demand for medical marijuana has grown by a given percentage, which outstrips the current capacity of the existing licensed businesses/dispensaries or growers.

In the report attached to the bill, lawmakers say that self-certification is necessary because the cost of getting a recommendation from a doctor is “prohibitive” and it is “difficult” to find a doctor willing to write a recommendation for medical marijuana. However, lawmakers say this approach was necessary to work around the Congressional blockage stopping Washington, DC, from creating a regulated market for adult-use cannabis. Several lawmakers have written to Congress protesting this spending rider wondering why DC was singled out for the blockage while other states and territories are free to pass recreational cannabis legislation.

It should be noted that not all marijuana advocates are thrilled by this draft law making its way through different committees. For example, the i-71 Committee states that it doesn’t support this proposed law because its text raises more questions than it seeks to answer. The legislators expect the bill to undergo a number of amendments as it weaves its way through various committees before it is put before the entire council for a final vote. Marijuana industry actors from around the country, such as Flora Growth Corp. (NASDAQ: FLGC), are likely to keep tabs on this bill until its final fate is determined.

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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420 with CNW — U.S. Federal Court Rules Against Border Patrol Attempts to Prevent Cannabis Equipment Imports

Last week, the U.S. Court of International Trade rejected an attempt made by the U.S. Customs and Border Protection (CBP) to block the import of cannabis trimming equipment into a state that has legalized marijuana. The federal court made a similar ruling last month in a different case where it upheld the right to import trimming technology from a company to a business in Washington, DC, after customs impeded the transfer. This ruling set a new precedent that will allow the company in question, Keirton, to bring in equipment to use in separating leaves from cannabis plants.

The CBP falls under the Department of Homeland Security. However, during the case last month, the Department of Justice represented the federal agency. During the proceedings, the Justice Department argued that preventing the equipment’s entry was permitted because the company intended to sell products used to manufacture marijuana, which is still classified as a Schedule I substance under the Controlled Substances Act.

The courts stated that this argument didn’t hold up under the review of relevant statutes, which established a drug paraphernalia exception for imports to states that had permitted the activity, regardless of the current federal statute. The defendants stated that the Controlled Substances Act’s purpose was to establish uniform federal prohibition; they argued that permitting the exemption to extend to Washington State’s repeal would hinder the uniformity intended by Congress.

To this, the court stated that Congress didn’t impose total uniformity because it provided an exemption. It continued that if Congress had wanted to limit the exemption, it could have done so.

Drug paraphernalia, under federal law, is defined as any product, equipment or material that is primarily designed or intended for use in manufacturing, compounding, concealing, converting, processing, producing, preparing, inhaling, ingesting, injecting or otherwise introducing a controlled substance into the body. The law’s exception to the import and export ban applies to any person “authorized by local, state or federal law to manufacture, distribute or possess such items.”

While cases concerning paraphernalia importation into the country continue, the conversation on cross-border marijuana commerce continues to grow. In New Jersey, Senate President Nicholas Scutari filed a measure that would allow the governor to enter into agreements with other legal states to import and export marijuana.

Last month, Gov. Gavin Newsom of California signed a proposal that would permit such commerce to begin after the federal government enacted a policy change to protect the commerce activity. Such a law, when enacted, would create avenues through which California-based businesses such as Prime Harvest Inc. would trade with similar businesses in other states that have established legal marijuana markets.

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

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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CannabisNewsBreaks – Upcoming Tampa Event to Feature Cutting-Edge Offerings in the Alternative Products Space

On the heels of several successful events in North and South America, the Alternative Products Expo is set to arrive in Florida, at the Tampa Convention Center, on Nov. 10-12, 2022. The event will feature expert speakers, over 300 exhibitors, and more than 1,000 cutting-edge products in the exciting alternative products space. Renowned speakers will share their knowledge through keynotes, engaging panel discussions and specialized workshops. Attendees will have the opportunity to experience more than 250 vendors showcasing a significant array of goods and services while enjoying the festive atmosphere. “We’re really excited about our first Tampa show, as this is our biggest event yet! We know the industry is evolving, and the city is at the forefront of this change,” said Director of Business Operations and Marketing Nicole Beiner. “For this reason, we want to provide alternative products businesses with a platform to reach out to their community, meet new business partners, and have some fun while at it.”

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

About Alternative Products Expo

Alternative Products Expo, formerly USA CBD Expo, is a production of ZJ Events. Its founders were once exhibitors who, after attending countless trade show events, saw an opportunity to build upon their experience and create an event that combined the best they had seen with their own notion of what was missing in these business gatherings. By bringing the alternative community together, Alternative Products Expo seeks to provide industry professionals from all corners of the market with an immersive and unique opportunity for networking and business expansion.

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 844-397-5787 (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

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420 with CNW — Young Adults, Women Are Driving Marijuana Use Increase

New federal data shows that users of marijuana may soon be a majority among young adults in cannabis-friendly states across the country. In states such as Oregon and Colorado, cannabis patrons are nearing majorities, given that these particular states have had legal markets for years now.

Data from Vermont also shows that young marijuana users outnumber nonusers. The state fully legalized the recreational use of cannabis earlier this month.

Federal data also shows that more than two-fifths of young women and men across the country now use marijuana at least occasionally. This is significantly different from the trend observed 10 years ago and can mainly be attributed to the wave of legalization observed in the country this past decade.

An increase in the number of young women using cannabis has also helped close a gender gap in the plant’s use, which further influenced this trend.

However, the use of cannabis hasn’t yet reached its ‘70s peak of 36%. Currently, the drug’s use among young people stands at 29%. In the adult population, however, the use of cannabis may be at an all-time high. This may be difficult to interpret accurately because federal marijuana research has largely focused on young people in the past.

Results from a recent Gallup poll show that in 2021 the proportion of adults who revealed that they had tried cannabis in their lifetimes hit 49%. This is the highest figure measured in more than five decades. Gallup’s director of U.S. social research, Lydia Saad, stated that this figure would exceed 50% in the near future.

When Gallup first asked this question in 1969, only 4% of grownups admitted to having used marijuana before.

This news comes after President Joseph Biden earlier this month pardoned all individuals convicted of simple cannabis possession under federal law.

At the moment, 19 states have legalized the recreational use of marijuana while 37 states and the District of Columbia have legalized its medical use. It is expected that five more states will join the recreational cannabis movement after the midterms.

Legalizing the recreational use of cannabis may transform the marijuana culture in Arkansas, South Dakota and North Dakota, where only 10% or so of adults use the drug currently.

The marijuana legalization movement has almost completely erased decades of stigma against the use of the drug. If all five proposals are approved, legalization will be the law for about 49% of the American population. This possibility may boost the prospects of entities such as Advanced Container Technologies Inc. (OTC: ACTX), which supplies indoor-cultivation equipment.

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

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420 with CNW — Marijuana Legalization in Maryland Could Complicate Sniffer Dogs’ Work

Next month, voters in Maryland will have an opportunity to legalize recreational marijuana in the state by supporting an initiative that seeks to amend the constitution of the state with regard to cannabis prohibition. If the measure passes, police dogs trained to detect different drugs, including marijuana, will suddenly be required to shift their focus to other tasks in their job description.

The sniffer dogs usually undergo training in a wide variety of roles. For example, they can track people, conduct physical apprehensions of suspects and identify guns as well as detect a variety of illicit substances such as fentanyl, heroin and marijuana.

In anticipation of the possibility of legalizing marijuana, several agencies around the state, such as the sheriff’s office in Frederick County, have discontinued the training of sniffer dogs in the skill of detecting marijuana. In fact, many stopped as far back as 2014 when the possession of small amounts of cannabis (less than 10grams) was decriminalized. That step indicated the strong possibility of full legalization, and the November poll is likely to deliver just that.

Police departments are concerned about continuing to use these dogs trained in detecting marijuana. This is because it isn’t possible to untrain a given canine once it has acquired a certain skill, such as sniffing out marijuana. Given that dogs are normally trained to detect several narcotics, it isn’t possible to predict which particular drug a dog is excited about, and that puts police in a difficult situation of arresting individuals who are in possession of a substance that is now legal for use by adults.

For a number of sheriff departments, dogs with marijuana detection training may still find use in facilities that are drug-free zones, such as schools as well as correctional facilities. Otherwise, the dogs are dual trained, so once they are no longer useful in detecting drugs (due to marijuana becoming legal), they are likely to end up deployed elsewhere for apprehending suspects, searching for missing people and other duties.

In the meantime, police departments are waiting for guidance from the different county state attorneys general regarding whether the sniffer dogs can remain on duty until July 2023 when full legalization takes effect, assuming voters endorse the ballot measure calling for recreational marijuana legalization.

The entire cannabis industry together with leading cannabis companies such as American Cannabis Partners will most likely be monitoring events in Maryland and other states where marijuana will be on the ballot to see how far the legalization wave goes during this election cycle.

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

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

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Advanced Container Technologies Inc. (ACTX) Offers Growing Solution in Industry Seeing Key Government Support

  • California governor signs 10 cannabis-related bills into law
  • Bills intended to “strengthen California’s cannabis laws, expand the legal cannabis market and redress the harms of cannabis prohibition”
  • ACTX’s Grow Pods offer unmatched control, are capturing a great deal of attention in the cannabis and hemp space

As California Gavin Newsom signed 10 cannabis-related legislative bills into law — all in one day (https://cnw.fm/5DJ1m) — companies operating in the cannabis space, including Advanced Container Technologies (OTC: ACTX), look forward to the impact this government support may have on their success. The governor signed bills designed to expand the legal cannabis market and address impacts from past prohibition of cannabis. He also called on legislators and other policy makers to redouble efforts to tackle barriers to access (https://cnw.fm/ELx9t).

“For too many Californians, the promise of cannabis legalization remains out of reach,” said Newsom. “These measures build on the important strides our state has made toward this goal, but much work remains to build an equitable, safe and sustainable legal cannabis industry. I look forward to partnering with the legislature and policymakers to fully realize cannabis legalization in communities across California.”

On Sept. 18, 2022, the governor signed almost a dozen cannabis-related legislative bills into law “in one fell swoop.” The bills touch on issues that run the gamut of the cannabis industry and are intended to “strengthen California’s cannabis laws, expand the legal cannabis market and redress the harms of cannabis prohibition.”

The most widely recognized bill of the group, Senate Bill 1326 gives the governor the power to sign cannabis trade agreements with other states that have legalized cannabis. “Other bills address employment protection, labelling, use of cannabis in veterinary medicine and taxation.”

The full list of bills Newsom signed include the following:

  • AB 1706
  • AB 1646
  • AB 1885
  • AB 1894
  • AB 2210 
  • AB 2188
  • AB 2568
  • AB 2925
  • SB 1186
  • SB 1326

This show of government support is almost certain to bolster the efforts of companies operating in all aspects of the cannabis sector. Advanced Containers Technologies is one of those companies. The company is the exclusive U.S. distributor for Grow Pods, which are advanced, self-contained hydroponic containers that are essentially microfarms. These containers feature a controlled, specially filtered environment that allows crops to be grown year-round with a smaller footprint, because the pods use less water and power than more traditional growing systems.

Grow Pods offer constant temperature, humidity and airflow control, as well as automated watering and lighting schedules for optimal growth and minimal labor requirements, making the pods ideal for all crops. However, they are capturing a great deal of attention in the cannabis and hemp space. With strict growing, harvesting and packaging regulations in place throughout the cannabis industry, ACTX offers a controlled environment that allows for compliance in all aspects.

ACT is in the business of developing, manufacturing and selling advanced cultivation equipment, proprietary packaging systems, and a variety of other products to help businesses and entrepreneurs enter or expand in the rapidly growing cannabis and hemp markets.

The company has a keen focus on compliance and provides the expertise, technology and products that allows operators to grow their businesses and their brands quickly, affordably and with a rapid ROI.

For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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 instant SMS alerts, 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

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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Major League Baseball Inks Sponsorship Deal with CBD Firm

In June, the MLB announced that clubs were permitted to form sponsorships with CBD companies that were certified for sport by the National Science Foundation. This foundation is an institution that approves standards for products used by athletes.

Recently, Major League Baseball entered into a sponsorship deal with Charlotte’s Web Holdings Inc. This comes after the league removed CBD from its list of banned substances in 2019, making it the first sports league in the United States to do so. CBD (cannabidiol) is one of the two primary compounds found in marijuana, the other being THC. Unlike THC, however, this compound doesn’t induce any highs. It does have medicinal properties that help alleviate stress and relieve pain.

Charlotte’s Web Holdings produces a range of CBD products, including gummies, topical sprays and tinctures. Following the announcement, the CBD maker’s stock rose by more than 25%.

In its press release, Major League Baseball stated that this deal brought major brands together to fill a gap in the sports channel for a certified portfolio of CBD products, which could help meet the needs of consumers and players who demand natural and safe options to help with focus and sleep cycles, help keep calm under pressure and help to support their recovery.

This new partnership comes at the same time that Charlotte Web launches a new CBD product known as the Daily Edge, which is the first CBD product to be certified for sports by the National Science Foundation. This product will feature the Major Baseball League’s logo on its packaging.

This three-year deal between these legacy brands is said to be worth $30.5 million. Its conditions include the promotion of products manufactured by Charlotte’s Web during games as well as on the league’s streaming digital channels, social media platforms and post-season games. The Major League Baseball’s fanbase is approximately 180 million fans. This will bring a whole new customer demographic to the CBD company.

Currently, the U.S. Food and Drug Administration (FDA) hasn’t approved CBD products. However, this hasn’t hindered the CBD market from growing in popularity, with figures from last year showing that the country’s CBD market recorded sales worth $4.7 billion.

The deal also afforded the league ownership of roughly six shares of Charlotte’s Web. In addition, the CBD maker will pay the league 10% royalty on any products with the Major League Baseball’s branding that are sold, once total sales surpass $18 million.

As more of these deals are signed, the popularity of marijuana and the associated industry actors such as REZYFi Inc. will keep growing as pressure mounts to enact reforms federally.

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

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 — Uber Eats Starts Delivering Marijuana to Toronto Residents

In a first of its kind, Uber Eats has partnered with Leafly in order to make marijuana deliveries to residents of Toronto in Ontario, Canada. This food delivery company is owned by U.S.-based technology behemoth Uber Technologies Inc.

The partnership signed between Leafly, an online cannabis marketplace, and Uber Eats will see a select number of marijuana retailers, including Minerva Cannabis, Shivaa’s Rose and Hidden Leaf Cannabis, receive online orders for delivery to addresses stipulated by cannabis buyers. Uber Eats will then facilitate the deliveries.

Consumers who are at least 19 years old will download the Uber Eats app and use it to order cannabis products. The participating retailers can then send their employees (certified after completing a marijuana-education program run by the provincial government) to drop off any purchases ordered by a shopper. Prior to making the delivery, the cannabis-shop employee responsible for the drop off will check the sobriety as well as the age of the recipient before handing over the products.

Speaking during the launch, Uber Eats general manager in charge of Canada Lola Kassim said that the company saw this service as a way to reduce the rates of impaired driving and also an avenue through which the marijuana black market can be combated. Currently, at least 40% of all marijuana sales within Ontario are on the black market. Kassim added that by facilitating cannabis deliveries, Uber Eats was increasing the options for people who would like to consume marijuana products. With the added option, users may move away from illicit sellers because licensed retailers are able to deliver the needed products rather than requiring shoppers to get the products in-store or pick them by the curbside.

It should be noted that Uber is just providing the vehicles to be used during the cannabis delivery process. According to Ontario law, only employees of licensed companies can make cannabis deliveries, and Uber drivers aren’t licensed or authorized to courier marijuana.

This isn’t the first time that the American tech company is getting up close and personal with cannabis. Tokyo Smoke entered a partnership with Uber Eats to allow customers to use the Uber Eats app to order for products from Tokyo Smoke-run cannabis stores. However, the products were to be picked up rather than delivered to the client. This new deal with Leafly now takes Uber Eats a notch higher in its involvement because it will enable cannabis deliveries within the city.

It is such progressive developments that could fuel the cannabis industry’s growth in Canada, while operators such as Prime Harvest Inc. in U.S. state-level markets have to navigate complex contradictions between state and federal marijuana laws in a bid to remain competitive.

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

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.