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 — Study Finds That Marijuana Use Not Linked to Loss of Motivation

Recently published research shows that the use of cannabis is not independently linked to a loss of motivation among adolescents. The study was conducted over a two-year period by a team of researchers associated with the Florida International University. Study results were published in the Journal of the “International Neuropsychological Society.”

The study’s authors note that a decrease in motivation is commonly mentioned as a consequence of marijuana. However, prior studies have largely centered on adults and have yielded different results. For their study, the researchers recruited more than 400 subjects aged between 14 and 17. Each subject had to complete a quintet of biannual assessments during the study.

The investigators evaluated the motivation of each participant by using two self-reported questionnaires: the Motivation and Engagement Scale and the Apathy Evaluation Scale, which comprise of subscales that measure the value, self-effectiveness, planning, persistence and disengagement that the subjects place on school. In addition, the investigators asked every participant about their use of tobacco, cannabis and alcohol during each evaluation and conducted an analysis of the data to model patterns of motivation and the use of marijuana over time.

The study’s raw results show that the use of marijuana grew considerably, as did the lack of engagement and motivation. The greater use of marijuana was linked to less valuing of school, lower planning and more disengagement. It should be noted, however, that once the data was controlled for variables including the effects of other factors such as depression, sex and age, as well as the participants’ reported use of tobacco and alcohol, the team discovered little evidence that the use of marijuana had an effect on motivation.

In their report, the study’s authors stated that their findings didn’t support a relationship between a decline in motivation and the use of marijuana over time. The researchers also noted that the study didn’t show a loss of motivation over time, even when respondents reported a considerable increase in the use of marijuana.

The researchers explained that the change in the use of marijuana didn’t forecast changes in motivation, despite the increase in the levels of marijuana use, which proposes that the use of marijuana may not cause a decline in motivation over time. The researchers also noted that future study will continue to examine these links longitudinally in order to determine if heavier levels of marijuana use leads to a decrease in motivation.

In a press release, NORML deputy director Paul Armentano stated that these findings served to destroy outdated stereotypes about marijuana.

It looks like the cannabis industry, including players such as Flora Growth Corp. (NASDAQ: FLGC) have one less myth to contend with, thanks to the research done by the Florida International University team.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at http://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.

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420 with CNW — Cannabis Boom in Michigan Creates Numerous Opportunities

Despite its youth and immaturity, America’s state-legal cannabis industry has been dubbed one of the fastest-growing sectors in the country. The sector has generated billions of dollars in revenue for businesses and provided jobs for hundreds of thousands of people. In addition, projections have the space pulling in $43 billion by 2025. Cannabis is a high-risk industry and potentially a high-reward industry, especially for companies that can weather the risks, and many businesses are looking to throw their hats into the ring.

Michigan, for instance, legalized recreational cannabis only one and a half years ago, and its large population coupled with favorable cannabis policies make it an increasingly attractive market. Since last April, Michigan’s recreational cannabis sales have exceeded $100 million, and cannabis sales are expected to surpass $1.2 billion this year. According to projections by the 2021 MJBizFactbook, recreational sales in Michigan are set to quadruple from around $500 million in 2020 to roughly $2 billion–$2.5 billion in 2025.

Presently, Michigan has an estimated 200 recreational cannabis stores, putting it at one dispensary for every 34,000 residents. According to Frank Colombo, the director of data analytics for Viridian Capital Advisors, the state has little market penetration and is still in a “process of consolidation.” As such, interested cannabis companies can pitch tent in Michigan’s recreational cannabis sector with relatively little competition, at least for the moment. In fact, a report that was recently released by the New York-based Cowen Group states that Michigan is home to one of the biggest cannabis markets in the country.

The state’s cannabis policies make its cannabis space enticing to businesses in the cannabis space. For starters, Michigan currently has unlimited licensing on a statewide basis, which has led to lower acquisition prices compared to states such as Illinois. This allows established businesses as well as new entrants to acquire other cannabis operators without having to break the bank. On the municipal level, however, the state has seen several municipalities opt out of launching legal markets. While more municipalities are expected to opt in over time, probably with licensing caps, limiting licenses will allow existing businesses to retain their market share and profitability for longer without having to contend with competition.

Thanks to an uptick in cultivation facilities, there are fewer cannabis flower shortages, and flower is more affordable than it was when Michigan first launched its recreational industry. Beginning Oct. 1, 2021, the state will also reduce its licensing fees from $25,000 to $7,500, which, coupled with cheaper cannabis flower, will reduce operational costs.

It goes without saying that cannabis companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) that have a presence in Michigan have contributed to making the industry successful.

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

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420 with CNW — Senators, Feds Discuss Cannabis Legalization During Drug Overdose Hearing

Five decades after then President Richard Nixon declared drug abuse “public enemy number one,” paving the way for the era of the drug war, drug addiction and overdoses are still taking American lives. Since 1999, more than 800,000 people have died from drug overdoses in the United States, and drug abuse remains one of the country’s most pressing issues. Now that most experts agree that the war on drugs has been an unmitigated failure, lawmakers have been pursuing other options to curb addiction and give existing addicts the help they need, rather than jail time.

Last week, top federal health officials and lawmakers met at the Senate Caucus on International Narcotics Control to discuss the ever-present drug-overdose epidemic. The conversations at the Senate narcotics commission hearing were wide ranging, covering everything from cannabis research and THC concentrations to syringe exchange programs and protecting minorities from intense policing and harsh sentencing. While federal cannabis legalization reform wasn’t a major topic, the conversation around cannabis and cannabis extracts showed that the commission was seeing a hypothetical future where cannabis was federally legalized.

Regarding cannabis, Senator John Cornyn spoke to Nora Volkov, the director of the National Institute on Drug Abuse (“NIDA”), on the need for research on how high concentrations of THC affected developing juvenile brains and people with mental health challenges. Specifically, Cornyn asked Volkov if she thought Congress should mandate this research before it legalizes marijuana at the federal level so that, as he says, “we actually know what we’re doing.” According to Volkov, studying the impact of high-THC cannabis products on the brains of children and teenagers would help lawmakers understand the consequences of legalizing cannabis.

As such, she replied, this information is 100% necessary, and the government owes it to the people to collect this data before federally legalizing marijuana. Cannabis concentrates have become extremely popular in the past few years, with cannabis businesses selling $797 million worth of concentrates in 2020 up from $567 million in 2019. Cannabis is already the most abused drug in America, with the 2019 National Survey on Drug Use and Health finding that more than 48 million Americans over 12 years of age used cannabis that year.

If Congress is to legalize marijuana at the federal level and create a framework for a legal market, ensuring only adults access cannabis products and concentrates will be crucial. Seeing as lawmakers are seeking advice on the impact of high-THC products on juveniles from experts such as Volkov, there is a good chance the age of cannabis prohibition is finally drawing to a close.

Some companies, such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), have opted to develop cannabis-based medicines that, when given regulatory approval, will not attract the same controversy as marijuana currently draws to itself while it is still federally prohibited.

NOTE TO INVESTORS: The latest news and updates relating to XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) are available in the company’s newsroom at https://cnw.fm/XPHYF

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420 with CNW – How Cannabis Cultivators Are Using Tech to Boost Productivity, Reduce Costs

Hemp and marijuana growers are using advanced technologies to increase quality and yields, cut down on labor costs, and decrease water as well as optimize energy use. These technologies, which also help make cultivation facilities more productive, include products to control pests that don’t use chemical pesticides, smartphone-controlled technology to raise and lower lighting and LED bulbs, systems that control a grow-room environment remotely, and sensors to fine-tune lighting and control irrigation.

Some companies use sensors that enable cultivation operation managers to assess soil moisture using a software that can be viewed on a smartphone or computer. For instance, the director of cultivation at the Source in Las Vegas stated that his company recently began using grow-media water sensors that assist him in deciding when to irrigate the plants.

The director; Bill Campbell, revealed that the sensors, which cost no more than $100, notified him when they detected that some plants lacked sufficient water. Campbell noted that since the Source began using the sensors, water usage had dropped by more than 50%, adding that nearly 300 gallons of water are saved daily. The use of these sensors, he notes, has also increased cannabinoid and terpene production as well as the company’s yields.

Another vertically integrated cannabis and hemp firm, HillviewMed, is also using a system that has sensors which collect plant data. The data plays a crucial part in the company’s business strategy as it can be used to make various decisions including how much light the plants should get. Hillview CEO Kenneth Vandevrede notes that the data is a key tool in the company’s growth.

Chalice Farms’ director of cultivation Derek Rayhorn revealed that the data collected by its automated grow system helps in budgeting. The company uses technology that incorporates anemometers, humidistats and temperature sensors. He adds that the technology also allows him to remotely make adjustments to the system and monitor it.

LED lighting is also growing popular among cannabis growers, with the CEO of The Green Solution Steve Lopez revealing that the use of these lights has doubled plant sizes. Lopez adds that the company has also saved a lot on the energy side, noting that the company may soon hit their maximum yield and maximum potential.

SugarTop Buddery’s CEO Anna Kaplan is also using technology that doesn’t rely on chemicals to exterminate pests. The system in use at its Oregon facility creates a natural formulation with anti-pathogen, antifungal and antiviral properties, which is said to be very effective at killing pests.

Chalice Farms, and Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) in general, is showing other industry players how beneficial it can be to use the latest and most innovative tech during the cultivation of marijuana for medical or recreational use.

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

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CannabisNewsBreaks – American Cannabis Partners Replicating Jamaican Techniques to Create Distinct Product

American Cannabis Partners (“ACP”), a sustainable Jamaican experience canna-business innovator, is replicating the growing, feeding, temperatures, harvesting and curing processes of Jamaican techniques to create a product unlike those produced by any other grower in the United States. “An important factor in all of this is ACP’s close personal and positive relationship with the nation and people of Jamaica; a deep awareness of needs and not just business numbers,” reads a recent article. “American Cannabis Partners employs a staff that is 90% Jamaican, hand-picked through what the company describes as an extremely difficult vetting process. Selection requires not only the correct U.S. immigration status, but also at least 10 years of experience in Jamaican growing and processing with knowledge of certain strains and their characteristics that help ACP to gain a definable advantage in the organically grown cannabis industry.”

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

About American Cannabis Partners

American Cannabis Partners is a fully licensed, large scale and 100% organic cannabis cultivation company nationally headquartered in Trinity County of the Emerald Triangle. As business professionals and cultivators, the company focuses on four industry segments: real estate, cultivation, medical research, and non-profit groups. For both medical and recreational, American Cannabis Partners supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licenses. Its commodity pricing model enables stable profit margins for customers, and the company has expanded into multiple states. For more information, visit www.ACPFarms.com.

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 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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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Moves Closer to Vertically Integrated Cannabis Model

Sugarmade (OTC: SGMD), an innovator in the dynamic California cannabis sector, has made a series of strategic acquisitions to strengthen its positioning in the industry. The company, already a central player in California’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business model. As part of this effort, Sugarmade recently signed a memorandum of understanding to obtain three non-storefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation, as well as corresponding licenses from the California Bureau of Cannabis Control. The combined licenses provide the foundation for the opening of three new Nug Avenue cannabis delivery hubs in the Los Angeles metro area. In addition, Sugarmade recently acquired Lemon Glow Company Inc., along with its assets, interests, property and rights; a key piece of the acquisition included 640 acres of Lake County real estate located outside of the commercial cannabis cultivation exclusion zones. “This step brings us closer to closing the loop on what we believe to be one of the most promising vertically integrated cannabis models in the thriving California market,” a recent article quoted Sugarmade CEO Jimmy Chan. “We are setting the stage to improve margins while expanding end-market access, and to grow, refine, produce, distribute, sell, and home-deliver top cannabis products in the largest and fastest growing cannabis market on the planet. This acquisition positions us to achieve that objective with a significant capacity to scale as demand for our products and services grows over time.”

To view the full article, visit https://cnw.fm/SPg0h

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM), Nug Avenue, Lemon Glow and Budcars. For more information, please visit www.Sugarmade.com.

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

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CannabisNewsBreaks – Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Leveraging Perfect Fit in Oregon Footprint Expansion

Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a consumer-driven cannabis company in medicinal and recreational marijuana market segments, recently announced the acquisition of Homegrown dispensaries, which brought a chain of five Oregon-based retail dispensaries under its umbrella. The acquisition, which comes as business is booming for cannabis companies, expands Chalice’s retail stores from 7 to 12 locations in the state of Oregon. “We have been diligently searching for the appropriate footprint expansion for our retail business in Oregon that represented the right fit and to be in a position to fund the acquisition,” Chalice Brands president and CEO Jeff Yapp was quoted in a recent article regarding the move. “Homegrown’s culture aligns perfectly within ours and provides an exceptional geographic compatibility with Chalice and offers an expansion into parts of Oregon in which Chalice does not operate currently. . . . Homegrown is a well-run retail operation with a very dedicated team at all five stores that we will continue to rely on as we go forward.”

To view the full article, visit https://cnw.fm/LMX8a

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.

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CannabisNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Announces Strategic CMO Appointment

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, today announced that Tom Hutchison has joined the company as chief marketing officer (“CMO”). Hutchison will lead the company in developing and implementing marketing strategies, including exciting new marketing campaigns and product collaborations with Shaquille O’Neal. “The management team and our board are delighted to find such a strong leader like Tom Hutchison to join our team,” said Ricky Wright, president and CEO of The Alkaline Water Company. “Tom will be leading our company’s first-ever comprehensive, omnichannel marketing campaign with the legendary Shaquille O’Neal. Combining Tom’s experience with Shaq’s unparalleled marketing prestige and business acumen is another huge step in building Alkaline88(R) into a household brand.”

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

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 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 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in six unique, all-natural flavors with new flavors coming soon. 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 Alklaine88 and A88 Infused brands. To purchase Alkaline88 and A88 Flavor Infused products online, visit www.Alkaline88.com. To learn more about the company, visit www.TheAlkalineWaterCo.com.

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420 with CNW — Novel Study Highlights Effects of High-Potency Cannabis on Memory

Until a few years ago, cannabis flower and edibles were the most common cannabis products on the market. The young state-legal sector enjoyed high demand and plenty of sales, but the industry blew up once concentrates hit the shelves. Concentrates have since become immensely popular, with businesses selling $797 million worth in 2020. However, while there has been an increasing number of studies on the effects of low-potency cannabis products, federal law has made it extremely hard for researchers to study high-potency cannabis.

Fortunately, researchers from Washington State University have found a way to study how high-potency cannabis affects memory without running afoul of federal law. The study, which is published in “Scientific Reports,” involved observing 80 participants over the video-conferencing platform Zoom as they consumed cannabis concentrates they had purchased for themselves in Washington state, which legalized adult use cannabis. The researchers then ran cognitive tests and found that, although the THC-loaded cannabis impaired free recall, source memory, and false memory identification, it did not impact the decision-making process.

Thanks to marijuana’s federal classification as a Schedule I controlled substance, this is just the second study on cannabis products with more than 10% THC. Running the study via Zoom, with the participants consuming their own cannabis at home, ensured the researchers did not step into a laboratory on federal property and kept the researchers from interacting with the cannabis.

The participants were split into four groups of 20; two groups used cannabis with more than 20% THC, with one of the groups using high THC cannabis that had CBD; another group vaped cannabis with CBD and 60% THC; and the last group remained sober. None of the cannabis groups were impaired in the decision-making tests, including confidence in knowledge and risk perception. In addition, memory tests found no major difference between the cannabis groups and the sober group. This includes prospective memory, which allows individuals to remember to do things later.

Additionally, the cannabis-using groups performed well on the temporal-order memory test, which tested how well they could remember the sequence of past events. However, the group that smoked high THC cannabis flower with CBD scored lower than the sober group in verbal free-recall trials, a measure of the ability to remember pictures or words they had been shown. The groups that didn’t consume cannabis flower with CBD, as well as the group that vaped concentrates with 60% THC, scored worse on a source-memory measure, which tested how well they could remember how previously learned information had been presented.

On top of that, all three cannabis groups performed poorly on a false-memory test where they were presented with a new word and, when asked if the word had been presented to them before, they tended to say it had not. Curiously, the researchers found that users of the 60% THC concentrates performed similarly to those who used lower-potency cannabis, probably because they were limiting their intake to keep their level of intoxication and impairment low.

As more researchers investigate the different ways in which various marijuana compounds affect people, the research teams are likely to benefit significantly from plant medicine dose-measuring devices such as the one made by RYAH Group Inc. (CSE: RYAH) because it will be possible to quantify how much cannabis study subjects are taking.

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420 with CNW — Three Tips for Avoiding Regulatory Pitfalls While Cultivating Marijuana

Some of the states that have legalized medicinal and/or recreational use of cannabis also allow the plant to be cultivated. However, there are things a grower should know and do if they plan to grow marijuana in a regulated market and would like to avoid regulatory failure.

These include the following:

Acquainting themselves with regulatory compliance laws

Before you begin cultivating cannabis, ensure that you understand the laws in your state and are compliant with the regulations. Knowing the law for every process involved, including the safety tests required, will save you money and time.

Additionally, being knowledgeable about the regulations allows conversations with law enforcement, auditors and regulators to be easier. Transparency and mutual education are important, especially in new markets such as marijuana, as they help ensure that miscommunication and regulatory failure is avoided.

State regulations determine how a growing facility will operate, which is why understanding the requirements is crucial. Taking additional steps including carrying out nonregulatory testing will also reduce risk potential.

Setting up standard operating procedures

Establishing detailed operating procedures is a good way to defend yourself against regulatory failure and legal accusations. These procedures demonstrate how every task is to be performed, be it plant transportation or cutting a clone, as well as the equipment and materials to be used and the purpose, scope and reference documents.

It may be a bit difficult to establish standard operating procedures for a facility that is yet to be built, which is why you are advised to implement general procedures first. It is important to note that these procedures need to be refined as time goes by.

In addition to this, companies should introduce training programs that ensure that employees are up-to-date on current procedures. This information will be useful in decreasing potential economic crop loss from disease risks or pests, and establishes quality in the growing facility.

Experts recommend incorporating an Integrated Pest Management (“IPM”) procedure to avoid economic loss. An IPM includes five major principles. These include identifying possible pests, monitoring plants for pests, establishing action thresholds, implementing control tactics and recording all the results.

Design your facility to be efficient

Designing a growing facility with compliance and efficiency in mind and establishing your workflow properly significantly decreases cross-contamination risk. Overall, conducting regulatory testing when required, having standard operating procedures and training employees creates an environment for a successful growing facility. These practices are standard for U.S. FDA-regulated environments and big agricultural facilities.

Established cannabis companies such as Sonoma Biologics Corp. have mastered cultivating marijuana in ways that often go beyond the minimum standards stipulated by regulators, and the premium products they make provide vivid testimony to this strict adherence to set standards.

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