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 — Cannabis Boom Revives Storefronts, Factories; Brings Jobs to Michigan

Before the state of Michigan legalized marijuana, various areas in the Southwest were filled with empty storefronts and warehouses. However, the plant’s legalization brought with it marijuana-industry investors into the state who were looking for locations to process and grow plants, as well as establish dispensaries.

City leaders in southwest Michigan state that the marijuana industry has brought more than 10 years’ worth of redevelopment to the area, adding that even more projects are scheduled to begin in the next year or so. In the last two years alone, the sum investment in equipment and buildings in Buchanan and Niles has surpassed $50 million, with the cities noting that more than 250 new employment opportunities have been created in each city. Additionally, taxes collected by the state from cannabis businesses in the area have been allocated to different communities.

Thus far, there are nearly a dozen provisioning/dispensing centers in Edwardsburg, Buchanan and Niles, with plans to launch more, including micro-businesses. In addition to this, there are more than 10 growing operations in the Galien, Eau Claire, Benton Harbour, Buchanan and Niles Townships, with more planned.

Apart from the willingness of local officials to consider cannabis businesses, investors are also interested in the area because of the many available empty buildings that can be turned into facilities to cultivate, process and pack marijuana or establish dispensaries. Other investors have also been attracted to the abandoned storefronts in Buchanan and Niles, planning to turn them into adult-use and medical dispensaries, providing convenience for consumers from Indiana as well as other locations.

Officials are hopeful that the investments and employment opportunities will continue to increase in the near future as the marijuana market develops further in Buchanan, Niles and other areas. The development of the marijuana market throughout the state is also facilitating the entrance of new businesses such as Biggby Coffee and Culver’s, as foot traffic increases.

Earlier in March, the state’s Department of Treasury announced that it would be dispensing $10 million to more than a hundred counties and municipalities as part of the taxes gathered on recreational cannabis sold in the state. Department officials added that roughly $24 million would be divided evenly between the Michigan transportation fund and K-12 education.

Most of the buildings that have been occupied by marijuana retailers and cultivators might have otherwise been torn down. For instance, the Simplicity plant, which covers roughly 750,000 square feet and is currently being restored for use by marijuana processors and cultivators, was due to be torn down.

The economic benefits that cannabis firms bring to Michigan can be viewed as a microcosm of what is happening in all states where legal marijuana markets exist and entities like Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are allowed to operate.

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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 — UC San Diego Research Explores Cannabis Use Against Migraines

Long before America had a growing state-legal cannabis sector, regular users claimed the controversial drug was a great pain relief option. With more than 30 states now allowing the use of medical marijuana, thousands of patients have been able to get a taste of cannabis’ alleged pain-relief abilities. However, due to marijuana’s controlled status at the federal level, researchers have been unable to have a more conclusive look at its purported medical abilities — until recently.

Now, a group of researchers at UC San Diego is taking advantage of its state’s pro-cannabis legislation to launch the first placebo-controlled study into how migraines react to different cannabis strains. The Centers for Disease Control and Prevention (“CDC”) estimates that approximately 15.3% of the American population suffers from migraines, with pharmaceuticals being the only treatment option. Although plenty of users claim that cannabis works just as well as pharmaceuticals against migraines, research has been severely limited because the substance is still illegal at the federal level.

However, California allows both recreational and medical cannabis, and the team from UC San Diego is taking advantage of the situation. Led by Dr. Nathaniel Schuster, the researchers have been working with government authorities for several years to obtain the approval they needed. With the government also supplying medical-grade cannabis to be used in the study, the researchers give participants four different doses, each to be used on a separate kind of headache.

Each participant will be given a dose of cannabis with THC, one with a CBD/THC blend, one with just CBD and one with a placebo. They will not know what is contained within each dose, Schuster explains, and they will record their results with each dose via an app. Up to 30% of medical marijuana users take cannabis to alleviate some form of headache, says Schuster, who hopes his study will finally provide concrete data behind the escalating practice of using cannabis for pain relief.

Dr. Jack Schrim, co-director of the Headache Center of Southern California, is a big fan of the study, and he has already referred several patients who wish to take part. Although many of his patients have asked him about using cannabis to alleviate their migraines, he is often unable to make any recommendations because there is little scientific data in the area. Fortunately, the UC San Diego study seeks to provide this information, and study results will help society better understand the link between cannabinoid receptors and cannabis treatments.

Individuals who wish to participate in the study must be affected by migraines at least once a month, and they cannot be regular cannabis or opioid users. If you meet these requirements, you can contact the Research Coordinator Phirum Nguyen at psnguyen@ucsd.edu or 858-822-3108.

Cannabis firms that serve both the recreational and medicinal cannabis markets, such as Grapefruit USA Inc. (OTCQB: GPFT), are likely to see an uptick in sales if this research finds conclusive evidence of the claims that marijuana has migraine-relieving properties.

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420 with CNW — Genetic Testing May Help Transform the Marijuana Sector

Recent research conducted by CSO and president of EVIO Labs Inc. (OTC: EVIO) Anthony Smith and M.J. Murdock Metabolomics Lab director Bernd Markus Lange, together with their colleagues, may be useful to marijuana consumers, producers and breeders. The researchers examined various data sets to differentiate marijuana strains.

Each strain of marijuana contains different concentrations of cannabinoids, including CBD, which is nonpsychoactive, and THC, which is psychoactive. This allows consumers to choose marijuana based on desired effects, such as particular aromas and relaxation. However, the genetic information that makes up these differences isn’t well understood.

This is why the researchers’ discoveries will be useful, as they will help make sure that consumers choose products that have been labeled appropriately and come in handy in new cultivar development. Additionally, the findings will enable marijuana producers and breeders to determine the type of cannabinoid and sex of young plants.

Lange, who is also a professor at the Institute of Biological Chemistry, explained that terpenoids and cannabinoids were mainly concentrated in marijuana flowers, with Smith adding that despite this, they didn’t share the same biosynthetic pathways. For their study, the researchers from Cornell University’s School of Integrative Plant Science designed assays to help determine cannabinoid type and sex of cultivars, which are young plants.

One of the researchers, Jacob Toth, explained that cultivars shared chemical, physiological and morphological characteristics, noting that they discovered that some plants produced just as much CBD as THC. Toth observed that plants which produced more levels of THC were problematic, which emphasized the need to develop a way to identify plants that produce too much THC to assist growers in remaining compliant.

The researchers used algorithms and RNA-seq to identify distinct gene networks in marijuana strains. In addition to this, they also quantified and separated terpenoids and cannabinoids through the use of liquid chromatography and gas chromatography, with their findings demonstrating a correlation between terpenoid and cannabinoid products and biosynthetic genes.

Lange noted that this showed that marijuana strains could be differentiated by conducting an analysis of transcriptomic and metabolic data sets. He added that the marijuana industry as a whole would benefit from genetic testing, as it would allow them to label various strains correctly.

Furthermore, Smith explained how transcriptomic, genomic or metabolic data could serve different purposes, noting that while the first two were markets growers would need in order to validate their engineering and breeding efforts, the latter could be utilized as a benchmark for developing and studying cultivars for therapeutic needs and consumer interests. This, he said, would drive therapeutic research and product preference.

A number of marijuana companies such as Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are already leveraging the power of genetics in order to produce superior products, so it is just a matter of time before genetic testing is used in all aspects of the industry.

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420 with CNW — Are CBD Gummies Worth Trying Out?

Ever since Congress legalized industrial hemp and its derivatives via the 2018 Farm Bill, hemp extract cannabidiol (“CBD”) has become exceedingly popular. It is part of a group of compounds called cannabinoids that are produced by plants in the cannabis family, and unlike THC, it does not get users high. Instead, CBD is allegedly packed with numerous health benefits, and as the industry has matured, CBD edibles have become especially popular with consumers.

In fact, the CBD edibles space is one of the fastest-growing markets in the nascent CBD industry, growing from what was a niche product just a couple of years ago to becoming one of the most-searched-for foods on the internet. Not only are they sweet and fun, but they also allow customers to consume CBD in a relatively discreet manner. With several preliminary studies finding that cannabidiol may be able to relieve a wide variety of health conditions, CBD gummies are a great way for consumers to access these benefits in a tasty, fun package.

But is their popularity warranted? Are CBD gummies just a fad that will lose steam in a few years, or are they effective products that are worth your hard-earned money? Research into cannabidiol’s health benefits, although quite limited, shows that CBD-infused gummies are worth the purchase, especially if you are trying to address certain issues. And since they are often made using healthier, natural ingredients, they can be great alternatives to regular candy.

Unlike CBD oils, tinctures, or salves, which can seem a little complicated, especially to the novice CBD user, gummies are fairly straightforward. They usually contain low doses of CBD, so you can easily figure out the dosage that works best for you after only a few tries. Since cannabidiol reacts differently with each person, you’ll definitely have to use it for a day or two before you find a dose that sufficiently reduces your season. With their low dosage and ability for discreet use, CBD gummies are a great way to do this.

You can use CBD gummies to help reduce the symptoms of anxiety, insomnia, stress and inflammation. Thanks to their small, predetermined doses, cannabidiol-infused gummies can be easily incorporated into your daily wellness routine. Taking a couple of CBD gummies throughout the day would ensure your system gets a steady supply of CBD as the gummies are broken down in the stomach and metabolized by the liver, making them perfect for conditions like chronic pain.

If you wish to boost the CBD levels in your system to manage pain, reduce stress or help your body recover from a strenuous workout, you could use gummies along with products such as CBD patches and oils. However, make sure you consult your physician before you start taking CBD regularly, especially if you are pregnant or are currently taking other medication.

With CBD legal at the federal level, there is no shortage of reputable companies that manufacture CBD-infused products, such as The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER), which produces a high-quality line of CBD-infused beverages.

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420 with CNW — Study Finds Medical Cannabis Containing THC Can Work Better Than Cannabidiol

The past decade has seen medical cannabis become exceedingly popular as more than 30 states have passed legislation allowing qualifying patients to use marijuana for medical purposes. Consequently, there has been increased, although still limited, research into marijuana’s medical potential, and one theory has almost become a fact in many people’s minds. THC (delta-9 tetrahydrocannabinol), the main psychoactive agent in cannabis, has been unofficially dubbed the fun cannabinoid that has barely any medicinal properties and gets users high while CBD (cannabidiol) is the medical powerhouse responsible for marijuana’s purported medical abilities.

Most of state-legal medical cannabis programs only allow cannabis with very limited THC levels, and a majority of companies in the medical marijuana space have leaned into the “THC is for fun, but CBD is medicinal” theory. However, a recent study found that this theory may be wrong, with plenty of cannabis users deriving immediate and effective relief from nausea after consuming cannabis strains with more THC and less CBD. Conducted by researchers at the University of New Mexico, the study has been described as the largest study of its kind.

To arrive at this conclusion, the researchers tracked cannabis users’ habits, symptoms, the cannabis products they used and the consequent relief (or lack of) they felt after consuming cannabis via the Releaf app. Not only did the researchers deduce that THC-dominant cannabis offered relief against nausea in as little as five minutes but that smoking cannabis flower offered the individuals faster, more substantial relief compared to using edibles or vaporizers. Cannabis products with more THC were generally more effective than CBD-dominant cannabis products, with research published in the “Journal of Clinical Gastroenterology” in April reporting that cannabis users who consumed products high in CBD achieved less relief on average.

The researchers analyzed 886 cannabis users looking to obtain nausea relief from June 6, 2016, to July 8, 2019, through an estimated 2,220 self-administration sessions. The users reported which specific products they were using, the symptoms they were trying to eliminate and how these symptoms reacted to cannabis, all in real time. Jacob Vigil, the study’s co-author and associate professor of psychology at the University of New Mexico, says that this discovery was quite surprising to the researchers.

However, the study co-author and the lead author of the study Dr. Sarah Stith, who is also an assistant professor of economics at the University of New Mexico, reported that this study doesn’t give THC the all clear. The substance still presents significant long-term effects on high-risk individuals such as pregnant women and children, and nausea is only one area in which THC may shine brighter than CBD. While there are other symptoms that cannabidiol may relieve more effectively than THC, this study provides evidence against the prevalent theory that THC will just get you high but CBD is packed with medicinal properties.

As this scientific proof mounts, companies such as RYAH Group Inc. (CSE: RYAH), which makes devices that can help patients measure their medical cannabis dosage more accurately, will see a heightened demand for their products.

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420 with CNW — Demand for Cannabis Beverages Seems Poised to Explode

A report released by Headset in March stated that advancements in marijuana infusion technology and the introduction of new brands into the market would boost cannabis beverage sales. The marijuana analytics firm noted that since the start of last year, cannabis beverage purchases had grown rapidly in Canada, making up roughly 4% of overall purchases.

At the moment, the cannabis beverage market is filled with numerous SME craft companies. Many large-scale manufacturers of alcoholic manufacturers are keen to enter the market, with most of them working to develop new products. For instance, Heineken recently introduced to the market Hi-Fi Hops in its beer category, which provides zero-calorie, zero-carb and cannabis-infused drinks.

HEXO also entered into a partnership with Molson-Coors to develop Truss while Canopy Growth, which is the biggest producer of cannabis in Canada, partnered with Constellation Brands. Companies such as Truss Beverage have plans to launch new cannabis-infused beverages in the coming months. A survey carried out last year by the company found that the category’s awareness was high, with more than 85% of potential marijuana consumers. It also discovered that more than 30% of respondents ingested cannabis beverages because these eliminated the need to smoke.

So, what does an increase in marijuana-infused beverages mean for the alcohol sector?

A study conducted by the University of Georgia in 2017 found that since cannabis beverages were legalized in the United States, wine and beer purchase orders had dropped by more than 10% over the past decade. Additionally, product-level retail sales data from last year shows that in Canada, cannabis-infused beverages have recorded significant rates of growth in comparison with other products in the edibles category.

A separate study conducted by Mintel closely examined consumer interest drivers with regard to marijuana edibles. The study noted that the use of cannabis usually had various functions, including allowing people to sleep better, decreasing stress and anxiety, and enhancing relaxation.

In combination with appealing taste, the study explained that these factors created a good opportunity for product differentiation, adding that cannabis-infused beverages that provided the right doses to consumers could be useful to manufacturers. The study concludes that beverages and edibles were generally regarded to be more discreet and convenient as well as healthier and more expensive.

This may soon be remedied, however, with more products set to enter the market. Different products from different companies in the market will likely bring about a decrease in prices, which will in turn boost demand further.

As demand soars, sector players, such as BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) in the cannabis drinks segment, will likely deliver greater shareholder value while they grow.

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420 with CNW — Nevada Legislature Sends Cannabis Consumption Lounge Bill to Governor

Cannabis reform advocates in Nevada may soon be treated with good news after the state legislature sent a bill that would legalize cannabis consumption lounges to the governor’s desk. Sponsored by Speaker Pro Tempore Steve Yeager, the legislation would create two new cannabis licensing categories, one for retail cannabis consumption lounges and the other for independent cannabis consumption lounges. The bill advanced through a state assembly committee in early April and was passed by the Nevada Assembly in late May before heading to the Senate for final approval.

Last week, the Senate overwhelmingly passed the bill in a 17–3 vote before sending it to Governor Steve Sisolak for his signature. Sisolak has been a major supporter of Nevada’s cannabis industry, and he is expected to sign the bill into law. If he does, Nevada will become the eighth state in the country to legalize cannabis consumption lounges. With tourism being an integral part of Nevada’s economy, stakeholders hope providing safe spaces such as these lounges for cannabis consumption will attract cannabis tourists once the coronavirus pandemic dies down and the country fully opens up.

Under the legislation, existing cannabis retailers will be able to apply for the retail cannabis consumption lounge license and sell cannabis products that can be consumed on-site by adults aged 21 and older. On the other hand, independent lounges would not be allowed to sell cannabis on their own. They would have to contract with existing cannabis retailers to deliver ready-to-consume cannabis products, which the independent lounges would then provide to eligible customers on-site.

The Nevada Cannabis Compliance Board would be tasked with creating regulations for these consumption lounges and collecting fees from license applicants. According to the legislation, retailers that qualify as social equity applicants would be charged reduced fees, with the bill classifying a social-equity applicant as anyone who was adversely affected by anti-cannabis policies in the past. A further amendment to the bill, which was approved by both the House and the Senate, would allow local governments to adopt more restrictive regulations for cannabis consumption lounges within their jurisdictions if desired.

The Nevada Assembly also passed two separate measures: one stipulated that the amount of THC in a person’s blood could not be used to determine whether or not they were impaired while driving, and a second reducing penalties for minors who consume cannabis. Some advocates argued that the THC limit used to determine the level of impairment was arbitrary and lacked sufficient scientific evidence.

With such a progressive approach to cannabis legislation, it may not be long before Nevada catches the attention of companies such as Red White & Bloom Brands Ltd. (CSE: RWB) (OTCQX: RWBYF) which operate on the super-state operator or multistate operator models.

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420 with CNW — Projections Show Oregon’s Cannabis Market May Grow Stronger

Despite the effect of the coronavirus pandemic on various industries, the cannabis industry in Oregon has persisted, with forecasts showing that cannabis sales will continue to increase. An economic forecast report released by analysts with the Office of Economic Analysis in the state’s Department of Administrative Service stated that while cannabis sales in the winter aligned with forecasts, sales in the recent months had grown.

The report notes that it isn’t clear whether the cannabis sales data shows increased spending power from stimulus checks that were sent out in March or a growth in demand for marijuana products. It does highlight, however, that other states where the plant is legal, such as Illinois, have recorded similar trends in their marijuana sales during this pandemic period.

In the report, the economic analysts stated they were focused on how much the demand for recreational cannabis would increase in the near future. They explained that they were using federal data collected on the proportion of the adult population who use marijuana, noting that in the state, the rate has been about 20%, which may indicate slow sales in the future. However, the analysts added that the information could be biased given that this was a federal survey and cannabis is still illegal at the federal level.

Generally, the analysts noted that they expected cannabis sales in the short term to remain on the higher side because of an economy with options of entertainment that aren’t fully reopened, strong household finances and the ongoing pandemic. They add that as factors related to the pandemic are resolved into the fall, sales will slowly decline.

However, cannabis sales in the long term are expected to grow. The analysts speculate that this may be brought about by an increase in wages as well as a growth in the state’s population, which will boost demand. Prior projections showed relatively minimal growth in the future as the recreational cannabis segment matured. The analysts assert that while this assumption fundamentally remains unchanged, growth may still increase, prompted by underlying gains in the economy.

Recent projections for marijuana tax revenue in the state show that more than $300 million will be generated in the 2019–21 biennium. The analysts note that this figure will continue increasing each biennium, surpassing $450 million in the 2027–29 period. Currently, some of the tax generated is being used to finance the expansion of the state’s substance misuse treatment.

Last year, voters in the state passed a drug decriminalization measure that called for some cannabis tax revenue to support these services.

Those impressive projections might be viewed as a silent acknowledgement of the different sector players, including Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), that have done a lot to bring to market products that consumers are drawn to.

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420 with CNW — Study Finds That CBD May Improve Overall Wellness

A few months ago, results of a preliminary study on the effect of CBD on the liver were released by Validcare. The company then released a separate report on the use of CBD among Americans, which was carried out in collaboration with Cannabis Business Experts (“CBE”), a marketing research firm.

The results of the preliminary study demonstrated no evidence of liver toxicity among users of cannabidiol, or CBD. Additionally, most of those who participated in the study recorded increased perceptions of overall wellness with the use of cannabidiol in the study with CBE.

More than one thousand users of CBD in the United States took part in the joint study, which included more than 800 users who had participated in the liver study.

The investigators looked at different information about CBD uses, such as CBD usage frequency and amount; user weight, sex and age; and interactions with other drugs, including tobacco, alcohol, nutritional supplements, over-the-counter medicines and prescription drugs.

In the press release to announce the report, CBE asserted that the study helped to better understand how general wellness perceptions changed with the use of CBD. In addition, Ashley Grace, the company’s co-founder, noted that CBD users reported an enhanced perception of their personal wellness.

All the study participants had used CBD prior to the study. This was confirmed by researchers who asserted that the consumers were customers of the CBD companies that sponsored the study.

The researchers discovered that more than 12% of the cannabidiol users made up about 30% of the sales volume in the category. Grace stated that this was surprising as it didn’t align with the rule that 20% of consumers made up 80% of the volume in business.

Grace, who was also HempFusion and Charlotte’s Web’s founding chief marketing officer, noted that individuals who consumed tobacco and/or alcohol used cannabidiol differently in comparison with those who hadn’t used these other substances. She added that it was important to understand that companies operating in the sector would sometimes record variations, which would be brought about by the number of heavy users in their consumers.

The research was sponsored by the following CBD firms: SunMed CBD, Medterra CBD, Kannaway, Infinite CBD, HempFusion, Global Widget, Columbia Care, Charlotte’s Web, CBD American Shaman, CBDistillery, Care by Design, Boulder Botanical and Bioscience Labs and Asterra Labs.

Other companies, including XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), are conducting more rigorous clinical studies aimed at ascertaining the efficacy of formulations containing various cannabis compounds. If the trials are a success, regulatory approval is likely to follow, and patients would benefit from those products.

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420 with CNW — Four Predictions for Niche Cannabis Products in 2021

The state-legal cannabis industry has had a fantastic run over the past decade. More than 30 states have passed either recreational or medical cannabis legislation so far, and the sector has created thousands of new jobs and brought in billions of dollars in revenue. As several states consider passing cannabis legislation this year and lawmakers mull over federally decriminalizing cannabis, the industry is poised to grow even more.

Niche cannabis products especially are a space that is going to explode as the industry becomes older and more mature. The following are four trends that may gain more steam as the year progresses:

Terpenes will gain more visibility. Everyone knows about THC, the main psychoactive component in cannabis, and CBD, a cannabinoid with great medical potential. Alongside flavonoids and esters, terpenes are responsible for the cannabis’ strong aromas, and they work together with cannabinoids for a more wholesome effect. However, although most brands do not contain or display terpene levels, this will soon change as people become more aware of their presence and significance.

As the science evolves and catches up, we will soon see sellers employ labs to test for terpenes, flavonoids and esters, and display this information on their packaging. Companies that do this will differentiate themselves from their competition and attract customers who are looking for products with a more wholesome terpene profile.

Market differentiation will also become a reality as the industry matures. Right now, most consumers have trouble identifying a single brand, especially based on their products. But as the industry opens up, we will see the entrance of more sellers with niche, identifiable products. Consumers will soon be able to distinguish between mass-market cannabis and craft cannabis from smaller niche companies.

Consumers’ knowledge and expectations are bound to increase as the industry ages. With some states such as California having launched legal recreational markets years ago, their consumers are more educated and more demanding than they were when adult-use cannabis was newly legal. They will want to know where the cannabis they are purchasing was grown, what exactly is in it and whether it is organic. Consequently, we can expect the introduction of organic equivalent certification, especially for craft and niche cannabis producers, as in the wine industry.

Finally, the low-THC market will see major growth. Anyone who consumed cannabis 10 to 20 years ago knows that cannabis has become a lot more potent these days. But not everyone is a fan of cannabis with 20% THC, and sellers are soon going to target this growing market segment. These consumers tend to be older individuals with more disposable income, so the market is sure to see exponential growth as breeders and growers provide more low-THC options for them.

These predictions aren’t far-fetched when you think about them, especially when you see that companies such as Grapefruit USA Inc. (OTCQB: GPFT) have made significant strides in growing their niche brands.

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

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

CNW420 is part of the InvestorBrandNetwork.