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 — How to Use Supplemental Lighting While Growing Cannabis Outdoors

Cannabis is an interesting crop to cultivate. The crop is part of a group of plants that use photoperiodism to determine their biological calendar, which means they rely on the length of days and nights to initiate physiological changes. Simply put, a certain number of daylight hours will induce a specific developmental stage, with most cannabis growers applying more than 18 hours of light every day to keep their plants in the vegetative stage and 12 hours of light to induce flowering.

When you mention supplementary lighting, most growers think of indoor grows that have no access to sunlight. However, did you know that you could also apply supplemental lights to an outdoor cannabis farm? Efficient use of outdoor lights can allow growers to take advantage of their real estate for larger yields without having to resort to greenhouses and blackout clothes. To understand how, let’s take a quick look at cannabis history.

Since cannabis has been illegal for decades, we don’t know a lot about it. This isn’t just restricted to its effects but regarding genetics as well. Most of the cannabis genetics currently on the market were bred for the states that first allowed cannabis cultivation. Including Colorado, Washington and Oregon, these Northern states have longer summer days that allow for a longer vegetative state (as much as seven weeks) and large yields. In Southern states with shorter summer days, these cannabis breeds with the same genetics would have a short vegetative stage (around one to two weeks), leading to stunted growth and smaller yields.

That’s where supplemental outdoor lights come in. If you are growing cannabis that is dependent on longer days to vegetate in a region with shorter days, say fourteen hours per day, you will have to trick the plants into thinking the days are longer. Called “night interruption,” this process involves shining low lighting to plants during the night to make the days longer, at least from the plants’ perspective. This can be done from 10 p.m. to 2 a.m. using stadium lights or floodlights. Ensure you use several lights on multiple sides of your farm to ensure all the plants receive sufficient light. If any of them are shaded, they can still begin flowering.

Some farmers use string lights, which can be pricey when applied to an outdoor grow. LEDs will also work, and they are easier on the pocket. You may also want to look into different cannabis genetics to find the ones bred for your latitude. If you cannot find a variety that’s suited for your location, strategic use of night interruption could ensure your cannabis stays in the vegetative stage for longer and produces a large yield.

The cannabis sector is evolving quickly, and established companies such as Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are constantly on the hunt for new techniques that can give them an advantage in terms of superior yields and high-quality products.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/CHALF

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 — Illinois Sets New Recreational Cannabis Monthly Sales Record

The Department of Financial and Professional Regulation in the state of Illinois has revealed that legal cannabis sales in July 2021 broke the state’s record, with more than $125 million in gross recreational receipts. This figure is about $10 million higher than the state’s prior sales record, which was set in May of this year.

This shows that despite the growing economic uncertainty and the ongoing pandemic, Illinois’ popular marijuana program is continuing to prosper.

Data released shows that last month, consumers bought more than 2.8 million individual marijuana items, which is another monthly record. About 69% of the total recreational receipts come from in-state residents, which equates to roughly $85 million. Out-of-state residents made up the remainder of this amount.

Some attribute the boost in sales to out-of-state visitors who came in high numbers for the Lollapalooza music fest, which took place in Chicago. Retailers in the West Loop and River North reported that during that period their sales increased by over 50%. However, sales to residents of the state also saw a substantial increase, growing by more than $6 million, in comparison with June’s sales figures.

It should be noted that these figures aren’t inclusive of medical marijuana sales as they are tracked separately by another agency.

If sales in the state continue increasing, Illinois may rake in more than $1 billion in adult-use cannabis sales by the end of the year, which would mean a substantial increase in revenue for the state. Last year, the state of Illinois reported $205 million in cannabis tax revenue and sold roughly $670 million in marijuana. A report released in May by the state’s Department of Revenue also shows that Illinois brought in more tax revenue from cannabis than alcohol for the first time in 2021’s first quarter.

Cannabis tax revenue in the state is being put to good use, with state officials having recently placed more than $3 million in marijuana-generated funds into street intervention programs in efforts to decrease violence. Additionally, in January, the state announced that it would be distributing $31 million in grants financed by cannabis tax dollars to communities that were disproportionately affected by the war on drugs. These funds are part of the state’s R3 program (Restore, Reinvest and Renew), which was set up under the state’s adult-use marijuana legalization law.

Legislators in the state also recently advanced a bill to the governor’s desk that would create more marijuana business licensing opportunities, which would allow individuals from disproportionately affected communities to take part in the cannabis industry.

The impressive growth seen in the recreational cannabis industry in Illinois is a strong indicator that companies entering the market, including Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), appear to be in an ideal position to thrive in the state.

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

About CNW420

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

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

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CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Taps into ‘High-Achieving, Goal-Focused, Innovative Mover and Shaker Expertise’

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently appointed retail veteran Ginger Mollo as chief integration officer for the company and general manager of Fifth & Root, a nationally recognized CBD skin-care brand based in California. “Mollo brings extensive experience with her; she has held several positions in retail and company development at companies such as Limited Brands and Apple,” reads a recent article. Chalice CEO and president Jeff Yapp, while speaking about the appointment, said, “We are thrilled to add Ginger, the woman who had her fingertips on Apple stores, bring us her high-achieving, goal-focused, and innovative mover and shaker expertise, with over 20 years of retail experience to Fifth & Root. We look forward to benefitting from Ginger’s experience in the progressive retail space to elevate the structure and style of Fifth & Root to the next level. She brings many years of interpersonal communication, collaborative problem solving and critical thinking to the leadership team.”

To view the full article, visit https://cnw.fm/aFjI4

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.

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

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

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420 with CNW — Forecasts Show States Will Earn Higher Tax Revenues from Cannabis in 2021

Over the past few years, America’s state legal cannabis sector has proven to be both resilient and lucrative. As one of the few industries declared essential during the onset of the coronavirus pandemic, cannabis saw increased sales month over month, providing states with much needed tax revenue at a time when their coffers were running low. More than a dozen states have already legalized recreational marijuana, and this year alone has seen New York, New Mexico, Virginia, and Connecticut pass adult use legislation, bringing the total number of states with recreational markets to 19.

As these recreational cannabis markets mature, experts predict that states will earn higher tax revenues thanks to increased sales. In 2020, California plus Colorado earned the most excise tax revenue from cannabis, earning $526 million and $307 million, respectively. According to projections for 2021, California and Colorado are expected to collect an estimated $757 million and $411 million in excise tax revenue, respectively. Alaska and Michigan, which collected the lowest excise tax revenue at $25 million and $31 million, are projected to earn $29 million and $75 million this year.

Cannabis is one of the fastest-growing sectors in the country currently generating billions in sales revenue and creating hundreds of thousands of jobs. The industry will most likely experience significant growth within the decade, especially with lawmakers initiating the process to deschedule cannabis at the federal level. Understandably, states that haven’t launched their own cannabis markets and even those with existing markets would want to cash in via cannabis taxes.

However, state regulators will have to ensure cannabis remains price competitive. Despite generating billions of dollars in cannabis sales, the industry is still plagued by the illicit market. Levying high taxes would increase the price, pushing customers to black market dealers who price their cannabis much more competitively. Colorado and Washington tax recreational cannabis via an ad valorem excise tax, which is based on the value or the cannabis. In California, cannabis is taxed with based on both an ad valorem and specific tax.

New York and Connecticut, which are some of the latest states to join the adult-use club after legalizing recreational marijuana this year, are among the only states with a potency-based tax. This tax is meant to address the possible harms that come with higher THC levels, and it would increase as the THC levels increase.

Illinois has a similar category-based tax system where cannabis flower is taxed at 10%, edibles at 20% and concentrates at 25%. As both the fledgling and older cannabis spaces mature, revenues are projected to increase.

All 19 states with recreational markets can expect increased cannabis tax revenues in financial year 2021. As those tax dollars grow, the unspoken message is that many cannabis sector players, including Grapefruit USA Inc. (OTCQB: GPFT), will also earn higher revenues and possibly improve their profitability.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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

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420 with CNW — Retired NFL Player Unveils Novel CBD Products Derived from Orange Peels

If you thought you had heard it all with regard to CBD, here is a shocker: your next dose of CBD could be extracted from orange peels. Before you think this will be in the distant future, a company started by a former NFL star has launched this orange-peel -derived CBD, and you can buy yourself a bottle online today.

Peels, as the orange-peel CBD firm is called, says that its product will be purer, more consistent, more stable and have absolutely no THC in it. Chris Hetherington, the founder of Peels, explains that these benefits will make Peels’s CBD more accessible since stores that couldn’t sell the regular CBD due to concerns about THC would be able to carry this product. Additionally, individuals such as athletes, operators of heavy machinery and federal workers will also be able to use this product without any risk of failing a drug test.

Peels revealed that its product is identical at a molecular level to CBD extracted from marijuana or hemp. The company leverages its proprietary process, which entails extracting terpenes and various aromatic compounds from orange peels and then combine those substances with olivetol (a natural compound). This mixture is then subjected to intense pressure and heat in the presence of a catalyst in order to produce CBD oil.

The CBD oil produced is said to have superior absorbability as a result of the crystalline structure it has. Hetherington asserts that they label their product as CBD as a result of the similarity at the molecular level.

Peels prides itself in taking part in the circular economy around the citrus industry because the company uses orange peels, which is looked at as waste, to make a highly marketable product. This eco-friendliness is superior to the sustainability credentials of the hemp industry because lots of water and sometimes pesticides go into the cultivation of hemp, not forgetting the huge tracts of land needed for large-scale grows, says Hetherington.

KarpReilly LLC, a private equity firm based in Connecticut, invested $4 million in Peels. This funding gave the company the needed financial muscle to commercialize its product, and that is how this CBD extracted from orange peels was launched.

The CBD industry is expected to be worth $19 billion by the year 2025, especially when the U.S. FDA passes rules regulating CBD as an additive in food and drinks. This regulatory framework is expected to be released next year.

Peels company will start by selling its products directly to consumers through its website and other digital channels. This approach will also enable the company to collect valuable feedback and make decisions based on the data they collect.

It remains to be seen how the consumers of CBD products will react to the products made by Peels, especially in relation to more conventional hemp-extracted CBD products manufactured by established companies, such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER).

NOTE TO INVESTORS: The latest news and updates relating to The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are available in the company’s newsroom at http://cnw.fm/WTER

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

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CannabisNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH Provides Potential for Significant Cost Savings to Health Care System

Lexaria Bioscience Corp. (NASDAQ: LEXX) recently announced the results of its antiviral drug molecular characterization study performed by the National Research Council (“NRC”). The results confirmed that the drugs tested remained stable and did not undergo changes in chemical structure when processed with DehydraTECH. “This could preserve the ability of this drug delivery platform to qualify for accelerated regulatory filings with the Food and Drug Administration (‘FDA’) in the United States plus regulators elsewhere in the world,” reads a recent article. “The potential for more rapid market authorization of DehydraTECH provides the potential for cost savings to the health care system to try to deliver antiviral drugs more effectively if delivered via an oral capsule instead of by injection. Delivering the medications in the form of a pill instead of a shot could help governments or health insurance companies save billions of dollars in administration costs alone.”

To view the full article, visit https://cnw.fm/An4PC

About Lexaria Bioscience Corp.

Lexaria Bioscience Corp.’s proprietary drug delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules, thereby lowering overall dosing. The company’s technology can be applied to many different ingestible product formats, including foods, beverages, oral suspensions, tablets, and capsules. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids and nicotine by up to 5-10x, reduce time of onset from 1 – 2 hours to minutes, and mask unwanted tastes. It is planned to be further evaluated for orally administered bioactive molecules, including anti-viral drugs, vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”) and more. Lexaria has licensed DehydraTECH to multiple companies including a world-leading tobacco producer for the development of smokeless, oral-based nicotine products and for use in industries that produce cannabinoid beverages, edibles and oral products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 20 patents granted and over 50 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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

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CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Ranked No. 1 Among ‘Oregon’s Top 10 Hottest Homegrown Brands’

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), formerly Golden Leaf Holdings Ltd., a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, was featured in a recent MJ Brand Insights article. The piece touted Chalice as number one among what it described as “Oregon’s top ten hottest homegrown brands,” discussing these as doing the best job leveraging their brand stories to engage discerning Oregon consumers. “So what are these brands doing right? For that we spoke with Jeff Yapp, CEO of Chalice Farms, which is, according to Pioneer Intelligence, the homegrown Oregon company that’s #1 for consumer engagement,” writes Felisa Rogers in the article “‘At Chalice Farms, our consumer engagement strategy revolves around three key elements: community, events and content,’ Yapp said. But he went on to stress that consumer engagement really starts in the store. ‘The foundation of consumer engagement is all about the experience we offer our customers in our stores, and we are completely committed to having the most knowledgeable and compassionate team in the industry.’”

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

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.

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

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

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

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CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Schedules Conference Call to Discuss Q1 2022 Earnings

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company and The Clean Beverage Company(TM), has announced an upcoming teleconference to discuss its financial report for the first quarter ended June 30, 2021. The call is scheduled for Monday, Aug. 16, 2021, at 55 p.m. ET. Richard Wright, WTER president and CEO, and David Guarino, WTER chief financial officer, will host the call. Investors, analysts and other interested parties are invited to participate. U.S. and Canadian callers should dial 877-407-3088; international callers should dial 201-389-0927. All callers will need to use conference ID number 13722270. A replay of the call will be available starting on Aug. 17, 2021, for one week. Those interested in listening to the archived call should dial 877-660-6853 in the United States or Canada and 201-612-7415 for international callers. WTER noted that it plans to issue a press release reporting its financial results after market close on Aug. 16, 2021; the report will also be available on the company website.

To view the full press release, visit https://cnw.fm/Zjq9k

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 the company’s trademarked Clean Beverage label. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in six 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. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alkaline88 and A88 Infused brands. To learn more about the company, please visit www.A88CBD.com and 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 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

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

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420 with CNW — SAMHSA Funding Restrictions Eased in Relation to Medical Marijuana

Although more than 30 states have legalized medical marijuana and lawmakers are now working on legislation to federally deschedule cannabis, the industry has constantly been weighed down by prohibition. Thanks to marijuana’s status as a Schedule I controlled substance at the federal level, federal agencies tend to take a hard line against the substance. The Substance Abuse and Mental Services Administration (“SAMHSA”) has in the past taken such a stance, unequivocally stating that its grant funds cannot be used to buy, prescribe and provide cannabis or treatment via medical marijuana.

However, cannabis reform activists will be happy to know that the SAMHSA recently softened the grant funding restrictions concerning medical cannabis. On Aug. 2, 2021, the Pennsylvania Department of Drug and Alcohol Programs (“PDDAP”) noted that there had been a change in the language regarding organizations that are eligible to receive federal grants from the SAMHSA. Specifically, a recent memo from PPDAP stated that new wording had invalidated the medical cannabis restrictions, stating that SAMHSA’s policy no longer contained language prohibiting the use of grant funds for anything medical marijuana-related.

The first clause containing medical cannabis restrictions was added in 2020 and carried over to the 2021 version of the policy. However, on June 2, PDDAP officials released a memo arguing that SAMHSA’s policy, especially regarding medical marijuana, could put health funding in jeopardy. Included in the memo was a SAMHSA FAQ page, which was dated Jan. 1, 2020, and confirmed the federal agency’s stance on medical cannabis. The final question stated that the organization could not serve patients who insisted on using medical marijuana to address a mental or substance use disorder.

According to the organization, it would only promote evidence-based practices, and there was no evidence that cannabis could alleviate mental or substance use disorders. Furthermore, SAMHSA argued, there was an increasing amount of evidence showing that cannabis could aggravate mental health symptoms rather than alleviate them.

In 2019, the agency announced that it would not provide grant money to help battle opioid addiction if treatment involved consuming cannabis or cannabis products. Dr. Elinore McCance-Katz, who has served as the Assistant Secretary of Health and Human Services for Mental Health and Substance Use from 2017, says the medical marijuana restrictions were meant to deter individuals looking for treatment services from seeing cannabis as a tried and tested treatment.

However, now that SAMHSA has eased medical cannabis restrictions, medical cannabis programs will not be deprived of grant funding. This means good news for the industry as scientists delve deeper into cannabis’ capabilities and side effects, and more states launch medical cannabis markets.

This modification of policy clears up some of the concerns that clients of cannabis companies such as Hero Technologies Inc. (OTC: HENC) have had over being caught in the middle between the medical cannabis laws of their states and the prohibitive federal policies.

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

About CNW420

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

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420 with CNW — Data Forecasts Global Marijuana Drinks Market to Hit $6B by 2030

A recently released report by Fact.MR forecasts that this year the global marijuana-infused drinks market will experience significant growth. Projections also show that a decade from now, the market’s revenues will have grown by more than 20 times, with a compound annual growth rate of about 38% to reach roughly $6 billion.

Marijuana is legal in more than 35 states for medical use and in 16 states for recreational use. The herb’s legalization has prompted an increase in the demand for marijuana and marijuana goods. This has led to more marijuana-infused beverage businesses entering the market in an attempt to meet this rising demand.

The spread of the legalization of recreational marijuana in the U.S. is expected to boost demand for marijuana-infused drinks in particular. Data shows that between 2016 and 2020, sales for marijuana-infused goods grew at a compound annual growth rate of about 20%, to reach $250 million last year.

In comparison with therapeutic marijuana use, the recreational use of marijuana has been found to be considerably superior, especially when illicit use is considered. In the coming decade, projections by Fact.MR show that increasing the therapeutic and recreational use of marijuana may likely cause an increase in the demand for marijuana-infused beverages.

Businesses involved in the market are currently working to develop THC emulsifications that will achieve a shorter uptake period, even less than half an hour. This aligns with consumer need for quick feedback on their dosage, which will in turn improve marijuana-infused beverage sales. Marijuana-infused drinks have also shown growing demand via e-commerce platforms, which offer autonomy in product selection, privacy and increased convenience.

Reported health advantages such as regulated blood pressure, relief from anxiety and depression, decreased weight gain and improved sleep patterns are also expected to propel the marijuana beverage market growth in the projected time frame. Additionally, the increased use of marijuana in pain relief and the treatment of cancer, epilepsy and various neurological ailments is also expected to increase the demand for marijuana-infused drinks.

At the moment, the CBD and hemp category in the United States is valued at roughly $1 billion. The U.S. is expected to become one of the biggest marijuana beverage industries worldwide, with federal legalization of marijuana for recreational, therapeutic and medicinal use driving market development.

However, the companies involved in the market will have to ensure that they comply with changing regulatory standards by testing and relabeling their goods in order to avoid hitches. This is an issue that existing cannabis drinks segment leaders such as BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) take seriously, since it is one of the building blocks of brands that resonate with consumers.

NOTE TO INVESTORS: The latest news and updates relating to BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are available in the company’s newsroom at http://cnw.fm/BVNNF

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
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http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.