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

CannabisNewsBreaks – GIE Media Cannabis Conference 2021 Announces CannabisNewsWire as a Media Sponsor

Cannabis Conference 2021, presented by Cannabis Business Times, Cannabis Dispensary and Hemp Grower magazines, has selected CannabisNewsWire (“CNW”), a specialized communications platform for the cannabis sector and one of the more than 50 brands included in the InvestorBrandNetwork (“IBN”) family, to serve as a media sponsor. The Cannabis Conference 2021 is slated to be held Aug. 24–26, 2021, at the Paris Las Vegas Hotel & Casino in Las Vegas. The three-day event is the only industry conference that focuses exclusively on plant-touching cannabis businesses. The agenda for this year’s event features insightful presentations on cannabis cultivation, business operations, retail management and customer engagement; industry-leading thought leaders and experts will also present. The prestigious event, which has built a reputation for providing the highest level of education for dispensary and cultivation professionals, will also shine a spotlight on a number of industry-leading technologies, solutions and services that cater to cultivators and businesses. Companies presenting at the event include Cresco Labs, Aster Farms, Curaleaf, Planta Scientific and Kansas State University’s Department of Entomology, just to name a few. IBN and CNW will work together to increase recognition for conference participants and strengthen awareness and visibility of the event. As part of its services, CNW will provide article syndication to more than 5,000 outlets as well as featuring the event on its dedicated events page and other key communication outlets. “We are pleased to be collaborating once again with CannabisNewsWire, in their position as a media sponsor of the Cannabis Conference,” said Cannabis Conference group publisher Jim Gilbride in the press release. “CNW, IBN and its brand network have done a stellar job in heightening the awareness of our past events. We look forward to a continued relationship with this outstanding team as they assist us in ensuring that our message will be broadly shared with those desiring to learn more about the future of the fast-growing cannabis industry and the exciting new products, innovations and practices being launched within it.”

To register for the event, visit https://cnw.fm/sL27X

To view the full press release, visit https://cnw.fm/0iBPF

About Cannabis Conference 2021

Presented by Cannabis Business Times, Cannabis Dispensary, and Hemp Grower, Cannabis Conference 2021 will bring industry stakeholders together to engage the biggest opportunities and challenges facing the legal cannabis market. The three-day event continues to build upon the successes of previous events and returns with education for cultivators, retailers and manufacturers. The conference also will once again expand its educational offerings with a track dedicated to the cultivation and sale of hemp and hemp-derived products. The conference will feature in-depth educational programming on cannabis cultivation and business operations, as well as the most informed industry perspectives on retail management and customer engagement. The Cannabis Conference exhibition hall will feature industry-leading technologies, solutions and services for the professional cannabis cultivator and retail businesses. The educational program for Cannabis Conference is developed by professional cultivators and industry leaders who comprise the 2021 Cannabis Conference advisory board, in partnership with the editorial team behind Cannabis Business Times, Cannabis Dispensary and Hemp Grower.

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

CannabisNewsWire (CNW)
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CannabisNewsBreaks – Gage Cannabis Co. (CSE: GAGE) Plans Participation in Upcoming Conferences

Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis), a leading high-quality craft cannabis brand and operator in Michigan, has announced its participation in three upcoming conferences. The company is committed to innovating and curating the highest-quality cannabis experiences possible for cannabis consumers across the state of Michigan. Gage is also focused on bringing internationally renowned brands to market. The cannabis leader plans on presenting at the Eight Capital Seed to Scale Conference, which is focused on emerging opportunities in U.S. cannabis. That conference is slated for Tuesday, May 4, 2021, at 10 a.m. ET. The company will also be involved in the Canaccord Genuity Cannabis Virtual Conference, scheduled for Tuesday, May 11, 2021, at 12 noon. Gage executives will be part of a panel discussion and will also be involved in virtual one-on-one meetings with conference participants. The company will also be involved in both a fireside chat and presentation at Benzinga’s Global Small Cap Conference, scheduled for Thursday, May 13, 2021.

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

About Gage Cannabis Co.

Gage Cannabis is innovating and curating the highest-quality cannabis experiences possible for cannabis consumers in the state of Michigan and bringing internationally renowned brands to market. Through years of progressive industry experience, the firm’s founding partners have successfully built and grown operations with federal and state licenses, including cultivation, processing and retail locations. Gage’s portfolio includes city and state approvals for 19 Class C cultivation licenses, three processing licenses and 13 provisioning centers (dispensaries). For more information, visit the company website at www.GageUSA.com.

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

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

CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Ways Marijuana Extraction Companies Can Minimize Energy Costs

Power costs are among the highest costs for any facility that manufactures marijuana. The cannabis industry’s energy consumption has a negative effect on climate change as well as the environment. For environmentally conscious marijuana extraction companies that would prefer to operate in a more sustainable manner, decreasing energy use should be a top priority.

To decrease their power consumption and costs, marijuana extraction companies can:

  • Make use of manufacturing environmental standards that increase efficiency and decrease waste.
  • Use equipment that keeps power consumption under control.
  • Operate their machines during off-peak hours when electricity costs are lower.

The above tips sound simple enough. However, when one considers that most shifts operate during the day when electricity prices are higher, this may not be as easy to implement.

So, how can extraction companies go about this?

Well, for starters, companies need to draw up a plan that considers workforce management and incentives available for workers, as this will make it easier for companies to run machines at night instead of during the day. Extraction manager at High Life Farms Connor Schilling reveals that he pays his workers more per hour to work the night shift, weighing the savings on energy against the added labor costs.

Additionally, a company can look for ways to store cheaper energy and utilize it during the day. For instance, if a company uses an air compressor for its operations, consider filling the tank at midnight rather than at midday.

Carlos Perea, the CEO of Terra Vera, an agricultural technology firm based in New Mexico, reveals that the company also balances higher energy costs against paying employees more to work a graveyard shift.

In addition, he states that Terra Vera is looking for ways to store energy generated by renewable energy or during off-peak hours and adds that batteries from the traditional grid or those charged by solar panels are a good solution.

A company can also assign employees to carry out other tasks that don’t need electricity when energy prices are at their highest and use energy-efficient equipment. Perea notes that increasing the efficiency of extraction equipment will not only make it easier to capture more terpenes and cannabinoids but will also reduce the energy required by manufacturers to produce a higher-quality product.

Furthermore, creating and adopting sustainable extraction practices allows companies to improve their productivity and decrease their process cycle, which translates to a smaller influence on the environment and less power usage.

Companies operating within the cannabis space, such as XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT), are constantly looking for ways to optimize their operations, especially those looking to develop cannabis-based drug formulations whose final cost must be kept as affordable as possible for the intended beneficiaries. Maximizing the benefits of the suggestions above would go a long way towards helping them attain their objectives.

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

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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CNW420 is part of the InvestorBrandNetwork.

420 with CNW — Montana Senate Passes Cannabis Legalization Bill

Montana is one step closer to allowing recreational marijuana after the State Senate approved a bill that would legalize adult-use cannabis. The legislation first began its journey as MT Initiative 1-190, and it was approved by voters in the 2020 ballot alongside MT Initiative 118, which set the legal age for marijuana consumption at 21. Initiative 190 would create a legal framework for the production and sale of marijuana products to adults in the state.

Now that the bill passed its third reading in the State Senate, it will go through one more Senate reading before heading back to the House to approve a series of amendments the Senate has made. If the recreational cannabis legislation makes it through the House with the Senate amendments, it will then be sent to Governor Greg Gianforte for his signature.

When the initiative was first approved by voters, NORML Executive Director Erik Altieri said that Montanans’ support for recreational cannabis showed that cannabis reform extended beyond geographic and demographic lines. It is an issue that has the support of most Americans regardless of their political affiliations, he said, and voters had now decided that it was time to end criminalizing marijuana criminalization.

The lawmakers behind the Senate version of the bill are of the same opinion, putting aside their personal beliefs to work on a bill state residents had clearly said they wanted. Senator Jason Ellsworth said the group wanted to create the best cannabis bill for the state, and they dedicated a lot of time and effort towards fulfilling this responsibility. Democratic Senator Tom Jacobson believes the same, saying that legislators are obligated to represent their constituents, and since their constituents voted to legalize recreational cannabis, group members set aside their ideologies and tried to find a workable solution.

The language in the comprehensive Senate bill isn’t exactly similar to Initiative 190. Thanks to an amendment that was introduced and approved by the Senate Select Committee on Marijuana, millions of cannabis tax dollars will be used to help fund several public programs, including environmental groups and veterans’ care funds. The legislation will also provide funding for health care, substance misuse treatment and local governments with the rest of the tax going to the state’s general fund.

According to Senator Shane Moriegeau, lawmakers have crafted a bill that he was more than proud to vote for. The recreational cannabis legislation passed the second Senate reading with a 25–15 vote before being approved in the third reading.

Once a mechanism to regulate the recreational marijuana market is finalized, Montana is likely to see lots of companies joining the sector and bringing many of the benefits that jurisdictions where established companies such Hero Technologies Inc. (OTC: HENC) operate from.

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.

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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CNW420 is part of the InvestorBrandNetwork.

420 with CNW — California Nonprofits Secure Funding from Cannabis Sales

Nonprofits in the state of California are receiving a funding boost from a surprising source — the sale of marijuana. For the past couple of years, California has allocated some of the taxes and fees collected from cannabis businesses to a grant program targeting community-based organizations serving populations that have taken the brunt of the failed war on drugs.

At the moment, almost $100 million has so far been awarded as grants to nonprofits, and this funding is expected to reach $175 million by May.

A typical example of the beneficiaries of this funding is Fathers & Families of San Joaquin. This small community-based nonprofit serves young people as well as adults who have been incarcerated and released. The organization was the recipient of $1 million in 2019 from the state’s grant program. The nonprofit trains ex-convicts to become peer counselors on matters of substance abuse. These counselors are then sent out to talk to inmates in correctional facilities.

Samuel Nunez, the executive director of Fathers & Families, says that most of the problems his teams address can be traced to the futile war on drugs. He recalls how he was terrified as a child when the police would come and knock down the front door of his home. This overzealous policing wasn’t unique to his home, he says. Instead, it was common throughout the entire neighborhood, and it traumatized residents.

The grant program has especially been helpful to the smaller nonprofits that are close to these disproportionately affected communities. Many of these organizations gratefully admit that the grants funded by marijuana taxes and fees are the biggest funding that they have ever received, and such funding has allowed the nonprofits to confidently plan operations in the coming years.

A clear example of this game-changing effect is the nonprofit Painted Brain. The organization was the beneficiary of a grant of $900,000 over three years. This funding has allowed the group to expand its job training and placement, art programs, and mental health outreach services to people who suffer from mental health conditions.

However, this grant program has also come with a big challenge for a number of the nonprofits targeted. Many have found it difficult to wrap their minds around having to accept “marijuana money” in their fight against the use of marijuana.

The pragmatic ones have ended up reasoning that it is better for them to accept the funding and use those resources to educate young people about the dangers of using marijuana rather than waiting to deal with the problem after it has occurred. To these organizations, the dollars are coming from Californians to support Californians.

As cannabis sector players such as Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) grow and become more established, so will its beneficial impact upon the communities where it operate grow regardless of the jurisdiction where they are based.

NOTE TO INVESTORS: The latest news and updates relating to Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) are available in the company’s newsroom at https://cnw.fm/PULL

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 — Governor of Connecticut Asks for Cannabis Legalization Advice from New Mexico Governor

Connecticut Gov. Ned Lamont recently asked the governor of New Mexico, Michelle Lujan Grisham, how she managed to get a legal marijuana measure approved in the state’s legislature earlier this month. Lamont is currently working on growing support among legislators for his proposal to legalize cannabis in the state of Connecticut.

In a podcast interview, Grisham stated that she told her Connecticut counterpart that separating legalization from associate social justice measures would make it easier to approve both. She explained that it was problematic to put the weight of legalization and social justice proposals on a single new industry approach. She added that decoupling legalization from criminal justice helped engage people more actively in the process.

In a special legislative session that was held earlier this month, legislators in New Mexico approved a cannabis legalization measure. In order to get enough votes for the bill to be passed, Democratic leaders removed the bill’s original criminal justice proposals and drew up a separate measure for them. Both legislations were approved in the legislature and have since been enacted into law.

In general, Grisham advises governors to not rush into marijuana legalization without doing any research or inviting broad participation. She noted that talking with legislators and stakeholders and gathering more information before launching into a legislative session would be beneficial to the cause.

Another legalization proposal that was introduced in Connecticut places more emphasis on social equity in the marijuana industry. The measure, introduced by Rep. Robyn Porter, will provide licenses to social consumption sites and allow up to six marijuana plants to be grown at home. The proposal differs from the governor’s proposal, which doesn’t include these clauses.

Advocates hope that some clauses from Porter’s proposal will be added to the governor’s measure, which they have referred to as inadequate. Others are hopeful that the state’s legislature will advance the measures, having considered various legalization bills in the recent past but never approving any.

Lamont has revealed that he is open to various options on legalization but noted the importance of a bill meeting some basic requirements. He has also voiced his support for cannabis legalization, noting that he would be working with legislators to advance the measure in this legislative session.

As House Speaker Matthew Ritter put it late last year, the legalization of marijuana in the state of Connecticut is inevitable.

The advice to separate social justice bills during debates to legalize marijuana may be a savvy move that can satisfy all concerned as seen in California where the taxes and fees paid by entities such as Sonoma Biologics Corp. are helping to fund nonprofits that support disadvantaged communities.

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

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

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CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Marigold PR’s Upcoming WWC Conference to Feature Industry Trailblazers, Unique Opportunities to Network

Marigold PR, an award-winning cannabis marketing and PR firm, today announced the agenda for its second annual Womxn, Wellness and Cannabis Conference (“WWC Conference”). Hosted in celebration of the feminine cannabis and psychedelic experience, the event is slated to take place on May 26-27, 2021, and feature industry trailblazers and unique opportunities to network in an inclusive, fun and educational online environment. In collaboration with Platinum Partner Lift & Co. Expo, North America’s largest cannabis industry conference and tradeshow, the WWC Conference will offer two full days of engaging panel discussions, keynotes and live Q&As. “Flow Scientific is proud to partner with WWC Conference and promote industry inclusivity,” said Katie Miller, Sales and Business Development at Flow Scientific, one of the VIP Partners sponsoring the event. “As the wellness landscape continues to develop, participating in thoughtful discussions with passionate contributors is essential to support product innovation.”

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

About Marigold PR

Marigold is an award-winning marketing and PR firm for licensed producers and national brands. The firm offers full-service packages to clients that include branding, social media, PR and publicity, and integrated marketing. Marigold creates results-driven marketing campaigns of all sizes, leveraging paid, owned and earned media. Marigold makes an impact for clients through awareness-building campaigns, industry focus and excellent service. For more information about Marigold’s all-encompassing services, visit www.Marigoldpr.com.

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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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) in Key Leadership Position in Promising Oregon Cannabis Market

Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, is featured in a recent article titled, “How Oregon’s Cannabis Industry Is Getting Back ‘In the Green.’” The article notes that, since cannabis has been legal in Oregon for some time, shoppers are becoming more comfortable stopping by a dispensary, much like they do a liquor store, and cannabis sales have jumped 40% in the past year to more than $1 billion. The article also reported that both supply and demand have risen significantly, with production up 78% since 2019 and sales up by 150%. As a result, the state cannabis regulatory agency could issue up to 100 more producer licenses this month. In this promising setting, Golden Leaf is developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness.  “Further cementing its status as a leader in the Oregon market, [Golden Leaf] just signed a non-binding letter of intent to acquire a multistore chain,” the article stated. “It is expected that these stores would generate at least $10 million (USD) in annual run rate revenue (based on unaudited January 2021 results) and had a net operating margin of 11% (unaudited) during fiscal 2020. In a February 2021 media release detailing this news for investors, GLH’s Chief Executive Officer, Jeff Yapp called the acquisition of this retail chain a ‘transformational’ deal for the Company. . . . As the market grows, so too does opportunity for cultivators, as the OLCC noted that some growers, like GLH are targeting retailers’ top shelves to sell their product with the aim of raking in more cash. Golden Leaf plans to advance this plan through the aid of its recently proposed non-brokered private placement of up to 169,230,770 units priced at $0.065 (CAD) per Unit for aggregate gross proceeds of up to $11 million (CAD). The proceeds of the offering will be used by the company for strategic retail license acquisitions. When news of this financing broke, it helped build upon the recent momentum the stock has seen since late January when the Company closed its $3.4 million (CAD) financing.”

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

About Golden Leaf Holdings Ltd.

Golden Leaf Holdings is a premiere, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven 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. Markets served include Oregon, California, Nevada and Washington. For more information about this company, visit www.GoldenLeafHoldings.com.

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

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 — Congressional Bill Seeks to Allow Cannabis Users the Right to Own Firearms

A legislation that was recently introduced in Congress will exempt marijuana consumers in legalized states from a federal restriction that prohibits unlawful users of a controlled substance from owning a gun. The bill, which was filed last week by a pair of Republican co-sponsors along with Rep. Don Young, has been christened the Gun Rights and Marijuana Act.

This exemption will only be applicable to those who don’t violate local marijuana laws but do live in tribal jurisdictions or states that allow the use of cannabis by adults. However, the federal restriction on firearm ownership for consumers of other drugs and the classification of cannabis as a Schedule 1 controlled substance would remain unchanged under the legislation.

Rep. Young, who also happens to be a Congressional cannabis caucus co-chair, stated that the federal government had no business hindering states from reforming cannabis laws or imposing excessive restrictions on responsible citizens, which barred them from exercising their rights. He added that the bill, HR 2830, helped bridge this gap as it dealt with both cannabis and gun rights, giving individuals from both sides of the aisle something to support.

The legislation has been advanced to the House Judiciary Committee.

One of the bill’s original cosponsors, Rep. Brian Mast, stated that cannabis laws should be determined by individual states instead of the federal government. He added that the second amendment clearly indicated that every American had the right to bear arms.

Another initial cosponsor of the legislation, Rep. Rodney Davis, stated that state-legal cannabis use was not to be used as an excuse to prohibit individuals from owning or buying firearms, which is a constitutional right that is well-defined. Under the existing law, Americans who are addicted to any controlled substance or are regarded as unlawful users are barred from possessing guns. This has been clearly stated under the Controlled Substances Act.

This is not to mean, however, that law enforcement actively screens firearm owners for substance use. However, individuals wishing to purchase firearms are required to fill out an ATF form by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, which asks them whether they are unlawful users of or are addicted to any narcotic drug, stimulant, depressant, cannabis or other controlled substances. It is a felony to lie on the form.

Meanwhile, President Joe Biden supports states that establish their own policies but is still not on board with the federal legalization of marijuana.

This proposed bill, together with others making their way through Congress, not only aim to remove some of the hurdles cannabis companies such as Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) face, but they also could address some of the challenges that people who legally use cannabis face.

NOTE TO INVESTORS: The latest news and updates relating to Gage Growth Corp. (CSE: GAGE) (d.b.a. Gage Cannabis) are available in the company’s newsroom at https://cnw.fm/GAGE

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 — Supreme Court in Florida Shoots Down Cannabis Legalization Measure

Efforts to legalize recreational cannabis in Florida have hit what is most likely a dead end after the Florida Supreme Court ruled that the state’s most high-profile cannabis reform proposal was misleading. The constitutional ballot initiative, which was sponsored by Make it Legal Florida with the backing of Florida’s medical marijuana industry, would have tasked voters with deciding whether or not Florida should allow adults aged 21 years and older to possess up to two and a half ounces of cannabis.

The Make it Legal Florida campaign had collected more than 556,000 signatures out of the 891,589 signatures the initiative would need to qualify for next year’s ballot. Additionally, the campaign raised more than $8.2 million to fund the cannabis reform initiative. However, the court took issue with language in the ballot initiative that made it seem as if the legislation would insulate Floridians from any federal repercussions for purchasing or possessing cannabis.

An opinion penned by Chief Justice Charles Canady stated that the word “permit” caused a great deal of concern among a majority of judges. According to the justices, the language of the amendment did not sufficiently inform people that, although it would legalize recreational cannabis at the state level, the controversial plant still remains illegal on the federal front. By suggesting that it would permit the purchase and possession of cannabis, something that is criminalized by federal law, Canady wrote that the ballot summary for the initiative was “affirmatively misleading.”

The backers behind the 2016 medical marijuana initiative that legalized medical cannabis in the state avoided this pitfall by noting that the initiative did not protect residents of Florida who purchase and possess cannabis from “violations of federal law,” Canady wrote.

Even so, Juan Carlos Planas, a Miami-based attorney who has a wealth of knowledge in the nitty-gritty of constitutional ballot language, says the ruling has left him worried. A ballot summary usually contains just a few dozen words, and there was no feasible way for Make It Legal Florida to explain the state proposal’s federal consequences in such a limited space. He says that while he isn’t particularly concerned about marijuana, he wonders how people will be able to craft constitutional amendments now.

The decision is also a sign of an ideological shift to the right under Republican Governor Ron DeSantis. Not only were three of the judges who voted to rule the initiative misleading appointed by DeSantis, but both the Republican-controlled House and Senate had filed briefs stating their opposition to the ballot initiative. The ruling comes at a time when more states are legalizing cannabis, with New York and Virginia being the latest to allow recreational cannabis.

While the initiative to put marijuana legalization on the ballot has been stopped in its tracks, medical cannabis users in Florida can still access a wide range of products, including the plant medicine dose-measuring devices made by RYAH Group Inc.

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

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

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303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.