CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Announces New Form 8K Highlighting Further Details on Performance and Outlook

Sugarmade (OTCQB: SGMD), today announced the publication of a new Form 8K Current Report filing (the “8K”) with the United States Securities and Exchange Commission (the “SEC”) highlighting specific information about multiple issues pertinent to its performance and outlook. According to the update, the 8K covers information about Sugarmade’s reported purchase orders for non-medical personal protective supplies, its progress toward opening multiple new locations for its cannabis delivery service in the Los Angeles regional market, its investment position in Indigo Dye Group, Inc (“Indigo’), and its outlook regarding the trends defining the California cannabis delivery marketplace.

To view the full press release, visit http://cnw.fm/mb9oR

About Sugarmade, Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced in 2020. The company views these opportunities as scalable and capable of producing strong revenue growth for the company.

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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420 with CNW – Why Verified Product Reviews Are Crucial for the Cannabis Industry

The cannabis industry is one of the fastest-growing industries in the country, with as many as 243,700 Americans employed in the legal cannabis industry as of early 2020. It’s a relatively young industry with a large amount of sellers and the number is sure to increase as more states legalize cannabis. However, that’s not the only way the legal cannabis industry differs from most ‘traditional’ industries. Cannabis holds the distinction of one of the few products on state shelves that is federally prohibited.

Still, medical cannabis has plenty of health benefits, ranging from relieving chronic pain and regulating and preventing diabetes to regulating seizures and alleviating anxiety. But how do you choose a high quality, effective product in an unevenly regulated market filled with thousands upon thousands of products? Marketplaces like Amazon found out the answer long ago: verified product reviews.

For novices buying legal cannabis, the best you can do is listen to your local budtender and through trial and error, find what works best for you. But not everyone has or wants to spend time having informed discussions with a budtender, especially as more and more dispensaries take their sales online. What consumers want and need is a failsafe way to ensure the products they intend to buy actually work, and Amazon provided that.

The e-commerce giant has long integrated customer reviews into its sales process, with customers being encouraged to review the products they purchase. This allows new customers to get a truthful, unbiased look at someone else’s experience with the product. Social proof, our tendency to reflect on the actions of others before we make a similar choice, is crucial to the shopping experience. The catch is that you can’t have big brands or ads endorsing your product, it has to be the people.

Integrating verified product reviews into online cannabis markets is one of the best ways to build consumer trust. Although some legacy platforms have product reviews, the fact that they aren’t verified makes them virtually worthless. Anyone can write such a review, from the seller themselves to competition who aren’t afraid to play dirty. When there are barely any established brands to trust and loads of sellers are pushing their products, people will believe word of mouth best. Verified product reviews from customers who have already purchased and used the product in question are the social proof both consumers and sellers of cannabis products need.

It would be interesting to learn how established companies like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) have handled this issue to giving customers access to authentic feedback from previous product buyers.

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 – Cumulative Cannabis Use NOT Linked to Heart Abnormalities

According to a recent study whose findings appeared in the journal Addiction, there is no link between cumulative lifetime or current use of marijuana and the development of electrocardiogram heart abnormalities in middle age. These findings fly in the face of claims made that the long-term use of marijuana can trigger heart ECG abnormalities as one ages.

For this study, a team of researchers from Switzerland worked closely with another team based in the U.S. to examine the relationship between the prevalence of heart electrocardiogram abnormalities and the cumulative use of marijuana.

The study population had 2,585 individuals who were all middle aged. These people were selected from a group of 5,115 black and white men and women who were all recruited in 1985 and 1986 when they were aged between 18 years and 30 years of age. These people had been recruited to participate in a long-term study conducted by CARDIA.

The study participants hailed from a total of four communities within the U.S. The researchers controlled for a number of possible confounders, such as the cholesterol and blood pressure levels of the participants, as well as their use of tobacco and alcohol.

After crunching the numbers, the researchers concluded that there was no link between lifetime cumulative or current use of marijuana and the likelihood of serious or minor heart electrocardiogram abnormalities within the study population. However, the investigators noted that the incidence of major ECG abnormalities was lower among those study participants who were current users of marijuana.

Current use in this case refers to the self-reported information that a study participant used marijuana at least once within the previous 30 days. In computing cumulative marijuana use, the investigators regarded a single marijuana year as 365 days of cannabis use in 2-5 years.

When the findings were adjusted for sex, level of physical activity, race, body mass index (“BMI”), and other confounding factors, the researchers came to the conclusion that there was no link between the occasional or regular use of marijuana and the likelihood that an individual will develop major or minor electrocardiogram abnormalities by the time they hit middle age.

This research clearly shows that while it has generally been thought that cannabis use is linked to the likelihood of developing heart conditions, the reality is that such an association doesn’t exist. However, a lot more research needs to be done about the possible long-term effects of marijuana use on cardiac health, and this could be the reason why firms like Pure Extracts Corp. recommend that you talk to your doctor before using any cannabis product.

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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CBDNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Partners with CBD Emporium, Inks Largest Order to Date

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) announced that its entire A88CBD(TM) product line, including topical and ingestible consumer offerings, will be available in 17 of CBD Emporium’s retail stores. WTER produces premium bottled alkaline water, flavor-infused waters, and CBD-infused products sold under the brand names Alkaline88(R), A88 Infused(TM) and A88CBD, respectively. “We’re excited about A88CBD’s partnership with CBD Emporium, which represents the largest order to date for our in-demand A88CBD products,” said WTER president and CEO Richard Wright. “Our online presence has been increasing, and we’re equally thrilled to be expanding our national presence with brick-and-mortar retailers like CBD Emporium. Emporium is a fast-growing retail chain with storefronts across the U.S. Given their ambitious expansion plans, we look forward to serving their growing customer base.”

To view the full press release, visit http://cnw.fm/aWdh1

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label “Clean Beverage.” Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested full-spectrum hemp salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules, and gummies. To purchase A88CBD(TM) products online, visit www.A88CBD.com. To learn more about The Alkaline Water Company, visit www.TheAlkalineWaterCo.com.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) Outlines Parameters for Upcoming Research Designed to Study Effectiveness of THC-V in Weight Loss

Cannabis Global (OTC: MCTC), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, recently updated its shareholders regarding selected protocols for its planned animal study. MCTC will conduct research focused on determining if the administration of rare cannabinoid Tetrahydrocannabivarin (THC-V) promotes appetite suppression and/or weight loss in diet-induced obese mice. “This study is a first step to investigate if THC-V is, in fact, a weight loss or appetite suppressant,” said Cannabis Global CEO Arman Tabatabaei in a press release. “While the popular and industry press widely outlines THC-V as such, scientific research is severely lacking. We plan to take the industry a step forward relative to THC-V via this study. We also hope to shed some light on the potential effectiveness of our highly loaded nanoparticles of manufactured THC-V versus the botanically derived cannabinoid.”

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

About Cannabis Global Inc.

Cannabis Global is a Nevada registered, fully reporting and audited publicly traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalInc.com.

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

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 – What Potential Marijuana Entrepreneurs Need to Know

The cannabis space is one of the most exciting industries at the moment. At least 30 states have legalized cannabis, with several more considering legalizing it in the near future. Valued at $13.6 billion in 2019, the industry is projected to reach. $73.6 billion by 2027. These crazy numbers have attracted entrepreneurs and investors looking to cash in on cannabis’ popularity in droves. The fact that most states that allow cannabis declared it essential at the start of the pandemic made the industry even more attractive to entrepreneurs.

Like every other industry, cannabis has its own set of risks, especially for an entrepreneur who doesn’t know the ins and outs of the cannabis space. While there is plenty of demand for cannabis products, the fact that it is still federally prohibited poses quite a challenge. Here are a few of the issues you will have to contend with if you decide to start a cannabis business:

Regulatory nightmare. One of the biggest challenges you will have navigating the cannabis industry is the wide-ranging regulations. The federal government prohibits cannabis and the states that allow it all regulate their programs differently. In California, for instance, there are three different cannabis regulatory agencies, each with their own regulations on how to handle cannabis waste. Additionally, most states with cannabis programs allow cities and municipalities to enact their own cannabis policies.

The legal cannabis landscape is also constantly shifting, and with laws and regulations constantly changing, you will have to keep an eye on them to make sure your business is always in compliance.

Banking issues. Another issue you will have to deal with is lack of access to banking services. Fearing retaliation from the federal government, financial institutions have avoided working with cannabis businesses, and you may have a hard time securing loans as well as setting up cashless payment services. The Secure and Fair Enforcement (“SAFE”) Banking Act, which would grant cannabis businesses access to banking services, was passed by the House in a historic vote but it is stuck in limbo in the Senate Banking Committee.

Stiff competition. State legal cannabis is one of the hottest industries right now, and its allure will increase exponentially when the federal government legalizes it. The sector is flush with firms looking to make a killing on the cannabis craze. You’ll be up against players who have been in the game for years and have amassed tons of experience and funding, and you will have to find a way to stand out from the pack.

These issues notwithstanding, savvy entrepreneurs can still earn big from this sector, as the success stories of companies like Sugarmade, Inc. (OTCQB: SGMD) clearly illustrate.

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 – Navy Stops Sailors and Marines from Using Hemp Shampoo

Last year, the U.S. Navy issued a notice banning all sailors and marines from using products containing CBD. This ban covered ingestible products, such as tinctures. Last week, the Navy issued another notice expanding the hemp or CBD product ban to include topicals like shampoos, lotions, conditioners, and soaps.

This Department of the Navy (“DON”) update comes shortly after Congress passed an amendment to a spending bill stipulating that serving and reserve members of the U.S. armed forces could use products containing hemp derivatives, such as CBD. However, the Senate version of this spending bill doesn’t have the amendment contained in the House version, so negotiations will determine whether this provision makes it into the text sent to President Trump’s desk for enactment.

It isn’t clear why the Navy has expanded its ban on the use of hemp products given that hemp and its derivatives were legalized by the 2018 Farm Bill. However, the different branches of the military have been concerned that there is a risk that service members could accidentally use products having more than the legally permissible levels of THC since the FDA isn’t regulating those hemp products which are currently available on the market.

Friday’s memo, which was signed by Secretary of the Navy Kenneth J. Braithwaite, mentions that sailors and marines cannot rely on the product label to be sure that a given product doesn’t have THC levels which could show up during a drug test on urine samples.

The memo adds that the service takes substance abuse seriously since it can compromise the performance, operational readiness and disciple expected of all service members. The notice also adds that the ban doesn’t include the use of FDA-approved medicines, such as Epidiolex. Marines and sailors can also use durable products made from hemp. These include clothing and rope.

The notice clearly indicates that while some of those banned products may be legally available to civilians in different states and localities, members of the U.S. Navy aren’t allowed to use them until the FDA starts actively regulating those products.

The Department of Defense, the U.S. Coast Guard, the Air Force, and even NASA (which isn’t part of the U.S. military) have all issued notices banning their members from using products containing hemp and marijuana derivatives.

If the amendment sponsored by Rep. Tulsi Gabbard (D-HI) makes it into law, the branches of the military may be compelled to reconsider their position on the use of hemp products. Otherwise, experts say firms like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) may have grounds to think that military service members are being unfairly denied a chance to benefit from hemp ingredients which have been scientifically proven to be beneficial.

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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CBDNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Virtual Participation in the ECRM Beverage Program

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused waters and CBD-infused products, today announced that it will participating virtually in the ECRM Beverage Program on July 29 -30, 2020. “We have had tremendous success at the various ECRM programs that our teams participate in throughout the year,” Frank Chessman, executive director of National Sales for The Alkaline Water Company, stated in the news release. “This year the ECRM Beverage program is virtual, and our team is approaching the event with the same vigor. With a strong slate of meetings, we are engaging with targeted companies that have expressed a keen interest in our brands and can help drive category success year-round. ECRM’s unique format of Efficient Program Planning Sessions creates highly productive one-on-one meetings with pre-qualified, key decision makers across a variety of retailers representing drug stores, grocery chains, convenience stores, and big-box stores.”

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

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label “Clean Beverage.” Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested full-spectrum hemp salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules, and gummies. To purchase A88CBD(TM) products online, visit www.A88CBD.com. To learn more about The Alkaline Water Company, visit www.TheAlkalineWaterCo.com.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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420 with CNW – White House Official Admits Fewer Teens Are Using Marijuana Since Legalization

The road to cannabis legalization has been long and full of obstacles. While drug reform activists have preached the social and economic benefits of legalizing cannabis, proponents against legalization have argued that making cannabis legal and accessible to the public will lead to teens abusing the drug. However, according to an official from the White House’s anti-drug office, the consumption of cannabis by teens has fallen in Colorado and other states that have legalized marijuana for adult consumption.

Speaking to a committee of North Dakota lawmakers on Wednesday, Dale Quigley stated that “for some reason, the use rate among this age bracket is going down.” He is the deputy coordinator for the National Marijuana Initiative, a project of the High-Intensity Drug Trafficking Area (“HIDTA”) program. Although he can’t pin down why use rates among teens has been reducing in the state, the trend has been seen nationally.

“In looking at the state of Colorado for 12 to 17-year-old current use, we had a spike in ’14 but overall the use rates in Colorado have been declining, and that matches what we’re seeing in other states and also the trend we’re seeing nationally,” says Quigley, currently a resident of Colorado and a law enforcement officer since 1979. His comments were made during a wide-ranging presentation on the impacts of cannabis legalization to the North Dakota lawmakers. He used data from the U.S. Substance Abuse and Mental Health Services Organization (“SAMHSA”), which defines ‘current use’ as cannabis use within the past thirty days.

The HDTA program, which funds the National Marijuana Initiative, was established under the White House Office of National Drug Control Policy after Congress passed the Anti-Drug Abuse Act of 1988. According to the Marijuana Initiative’s website, it “strives to dispel misconceptions about marijuana and raise awareness of issues surrounding the drug.” It provides policymakers with speakers on cannabis issues, with presentations ranging from 60 minutes to 8 hours.

Quigley posits that youth may be scared of potent products and vaping. “We’re hearing anecdotal stories about kids that are afraid of the potency levels, you know, teens that have had adverse reactions to vaping and concentrates,” he says. Meanwhile, the committee of North Dakota lawmakers is expected to issue a report on marijuana legalization sometime this fall, most likely in November.

Experts say that when anti-marijuana officials like Quigley begin admitting that benefits are accruing from legalization at state level, companies like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) get renewed hope that a change of policy at the federal level isn’t far off.

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 – Congress Could Vote on Marijuana Legalization in September

Last year, Judiciary Committee Chairman Jerrold Nadler teamed up with Senator Kamala Harris to file legislation that would end federal prohibition of cannabis in the country and seek to repair some of the damage done by the decades’ long war on drugs. The Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act would remove marijuana and THC from the Controlled Substances Act, provide for the expungement and resentencing of prior marijuana convictions and prevent federal agencies from using cannabis as a reason to deny access to benefits or citizenship status for immigrants.

According to multiple sources familiar with the lawmaker’s plans, the Leadership of the House of Representatives is moving toward holding a floor vote on the bill in September. The bill has already been approved by the House Judiciary Committee, a move that observers stated would set the stage for a full floor vote. The coronavirus pandemic has already stalled legislative efforts on various issues, including cannabis legalization efforts in several states, but sources in the advocacy world and an aide to a key House Committee say that there are plans to hold a floor vote in September.

“Looking at the legislative calendar, realistically we have limited time to get this on the House floor for a vote before time runs out and Congress has to turn their attention elsewhere,” says Queen Adesuyi, policy manager for the Drug Policy Alliance (“DPA”). The DPA is part of a coalition of drug reform advocates, including the ACLU, Human Rights Watch, and NORML, that circulated a letter to members of Congress urging them to pass the MORE Act.

“This Congress, the house-made history when it passed an industry-led marijuana bill,” says Adesuyi, referring to the passage of a marijuana banking bill by the House of Representatives late last year. The legislation protects banks that service the cannabis industry from being penalized by federal regulators. “It would be shameful for them, as one of the most progressive groups of electeds in recent memory, to end the war on drugs without addressing victims of the war on drugs or centering those most adversely impacted by marijuana’s criminalization. We need the MORE Act now.”

Aside from federally rescheduling cannabis, the bill would also expunge the records of those with prior marijuana convictions as well as impose a federal five percent tax on cannabis sales. This tax revenue will be reinvested into communities most impacted by the war on drugs.

Analysts say marijuana companies like Sugarmade, Inc. (OTCQB: SGMD) are hoping that the legislation not only succeeds on the House floor but in Senate too.

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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