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 — Recreational Marijuana Could Be Legally Available in Israel Within Nine Months

An inter-ministerial committee charged with studying how a recreational marijuana market can be established and regulated in Israel has concluded its four-month long process of weekly meetings. The committee has agreed that marijuana should be legalized for adult use in the country. If all goes as expected, recreational marijuana could be available to residents and tourists in by late next year.

On Thursday, the committee handed its report to the country’s justice minister, after which he pledged that a draft legal memo was going to be written in the coming days for presentation to cabinet. Once the Cabinet approves that memo, a legalization bill will be presented to the Knesset (Israeli parliament) before the end of this year.

Amit Merari, the deputy attorney general, said during a special discussion of the report that there were a number of grey areas on matters of legislation and research on marijuana. Therefore, different government departments would need some time to fill those gaps before a regulated cannabis market can be established. The nine-month interval would be sufficient to address those gaps.

The committee cited the example of Colorado, which established its recreational marijuana market in 2012 before finding solutions to many of the potential problems that could arise, such as challenges in tracking marijuana from seed to sale.

Israel plans to avoid such pitfalls by investing in tracking systems, public education (on issues of impaired driving, for example) and addiction rehabilitation. Canada was credited for having a good model for preventing teen access to recreational marijuana, and the committee recommended that Israel follow best practices from that North American country.

Another issue that will be carefully considered before a regulation is adopted is how much marijuana people should be allowed to possess legally. It is noteworthy to observe that while the committee recommended that the home cultivation of marijuana should remain illegal, this issue too will be revisited after the regulated market is in place.

The committee report seems to be agreeable to marijuana policy reform advocates for three key reasons.

First, the plan is built around the harm-reduction principle, with provisions addressing the problems created by marijuana criminalization while also anticipating those problems that could come as a result of legalization.

Secondly, the plan would make it possible for the scientific community to study the health and societal effects of marijuana, thereby availing data upon which policy decisions can be made.

The third reason given to support the legalization report is that marijuana has been illegal since Israel came into being, and such criminalization hasn’t reduced the number of people who access and use marijuana. Legalization would open the door to better prevention and treatment programs.

What is now left is to see how the legislative process will go so that people can finally be able to access marijuana legally.

An interesting marijuana company you should watch is Gage Cannabis Co. This Michigan-based firm is aiming to become the biggest brand in the state, and its managerial pedigree is proof of how intent they are to attain that objective.

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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CannabisNewsBreaks – Gage Cannabis Co. Expands Flagship Store to Offer Recreational Products

Gage Cannabis Co. today announced that it will offer adult-use (recreational) marijuana sales at its flagship store in Ferndale, Michigan. Located at 1551 Academy St., the store has been open for medical card holders since September 2019. The company opened its first adult-use retail location in Adrian, Michigan in July 2020 and its second earlier this month in Lansing, Michigan. “We have been looking forward to this day since we opened our doors in September 2019,” said Mike Finos, president and executive vice president of operations at Gage Cannabis. “We are excited to extend the Gage experience to anyone ages 21 and over. Metro Detroit is home to our biggest consumers, and we’re ready to provide the community with quality products and a unique customer experience.”

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

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). To learn more, please visit www.GageUSA.com.

NOTE TO INVESTORS: The latest news and updates relating to Gage Cannabis 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.

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CBDNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Initiates Exploratory Clinical Trial for Treatment of Herpes

Jupiter Wellness (NASDAQ: JUPW), a leading developer of cannabidiol (“CBD”)-based medical therapeutics and wellness products, has initiated a clinical study evaluating the treatment of herpes labialis (cold sores) for its prescription topical cream candidate JW-100. The company believes this trial may be the first to analyze the efficacy of a combination CBD-aspartame product in the treatment of herpes labialis. JUPW’s topical cream, JW-100, features a dual mechanism of action and relief combined with CBD’s potential ability to induce apoptosis in epithelial cells infected with Kaposi sarcoma-associated herpes virus, with aspartame’s analgesic and anti-inflammatory properties. The study will include 40 patients enrolled through clinical sites in both Europe and Asia. Patients will have been diagnosed with recurrent herpes labialis infection (“HSV”) with initial infection at least a year previously. “We are rapidly advancing our clinical pipeline with our third indication,” said Jupiter CEO Brian John. “Herpes cold sores are common, with an estimated 48% of Americans aged 14-49 having had the HSV-1 virus. We believe JW-100 has the potential to treat and provide relief with fewer side effects than the treatments on the market today. This exploratory clinical trial is in line with a Phase I FDA study, and therefore we believe the resulting data will be a valuable addition to the Investigational New Drug (‘IND’) application we plan to file with the FDA for advanced stage trials in the U.S.”

To view the full press release, visit https://cnw.fm/AmQ3p

About Jupiter Wellness Inc.

Jupiter Wellness is a leading developer of cannabidiol (“CBD”)-based medical therapeutics and wellness products. The company’s clinical pipeline of prescription CBD-enhanced, skin-care therapeutics address indications including eczema, burns, herpes cold sores and skin cancer. Jupiter generates revenues from a growing line of proprietary over-the-counter skin-care products including its flagship CaniSun(TM) sunscreen and other wellness brands sold through its robust distribution platform. For additional information about this company, please visit www.JupiterWellnessInc.com.

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

About CBDWire

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

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Q1 2021 Financial Results

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of distinct businesses, products and brands, on Monday announced its financial and operating results for the three months ended September 30, 2020. “In the first quarter of fiscal 2021, we made solid progress towards our goal of transforming Supreme Cannabis into a premium cannabis CPG company. We continued to execute on our strategy of accelerating revenue and controlling our costs, which led to sequential growth in consolidated net revenue of 24%. Recreational net revenue grew slightly compared to the fourth quarter of 2020, due largely to higher sales volumes offset by lower average selling prices,” said Beena Goldenberg, president and CEO of Supreme Cannabis. “Despite an initial drop in recreational sales volumes in July due to stockouts as a result of fulfillment and supply chain growth challenges, we built steady month-over-month improvement in August and September as our sales partnership with Humble & Fume Inc. gained traction. This strong momentum led to September 2020 being Supreme Cannabis’ highest month on record for recreational sales. We exercised good cost control across the organization and benefitted from a full quarter of cost savings from the measures taken to right-size the business in the second half of fiscal 2020. This resulted in Supreme Cannabis generating a slightly positive Adjusted EBITDA of $0.3 million.”

To view the full press release, visit https://cnw.fm/4nyXa

About Supreme Cannabis Company Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The company’s brand portfolio includes 7ACRES, Blissco, Truverra, Sugarleaf and Hiway. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

CanadianCannabisWire (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 – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Fiscal Q2 Results

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Monday announced revenue of $10.8 million for the fiscal second quarter ended September 30, 2020. “During the fiscal second quarter, we made good progress toward our strategic goals, gained market share, launched innovating new products, added leading partners, and expanded into new growth markets, all while navigating through a challenging COVID environment. Our quarterly growth was impacted as various distributors reduced deliveries and cleared excess inventory built in the prior quarter. Delivery and inventory trends continued to improve throughout the quarter, with order activity reverting to pre-pandemic levels,” said Richard A. Wright, president and chief executive officer of The Alkaline Water Company. “Our fiscal third quarter is off to a strong start, and we are seeing a record month of sales for October. Demand for our lifestyle brands at the retail level remains strong, and revenue grew a healthy 21% during the first half of our fiscal year. According to the October 3 Nielsen’s data, our flagship brand, Alkaline88(R), has been the fastest-growing non-flavored value-added water in the top 10 brands over the last 13, 26, and 52 week period. Our footprint continues to grow nationally, and this quarter alone, we added over 1,000 new store locations for our A88 family of lifestyle brands. We see strong momentum across all our product categories and consider this quarter’s performance to be an outlier. As of early November, inventory at retailers has normalized, driven by our aggressive summer marketing efforts. We believe the actions taken positions us for stronger growth for the balance of this fiscal year and beyond.”

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

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 seven unique all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company, visit www.A88CBD.com and www.TheAlkalineWaterCo.com.

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

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420 with CNW — Senate Committee Wants Hemp THC Rule Changed

Earlier this week, senate appropriators released various reports and spending bills for fiscal year 2021 that have incorporated various provisions related to hemp and marijuana. Hemp contains no more than 0.3% THC, as defined under federal law.

However, the USDA proposed a 0.5% negligence threshold, which means that farmers who have exceeded that limit would have to destroy their plants. The senate panel is calling for the agency to reconsider the policy, taking into account stakeholder feedback.

A few other marijuana-related provisions that had appeared in previous reports and appropriation bills were also incorporated in the bills. Those included measures that banned Washington, DC, from using the district’s taxes to execute a regulated cannabis market while also protecting medical marijuana programs in the state from government intervention. Legislators also continue to identify barriers to cannabis research brought about by federal prohibition.

In addition to this, a new section has been added that asks the National Institute on Drug Abuse (“NIDA”) to add more marijuana-related questions to its annual government survey of young people. Legislators would like to incorporate queries about the consumption of flavored cannabis edibles and vapes that appeal to young people.

The senators also demanded $5 million in funding for FDA research into marijuana and marijuana derivatives, protecting state hemp programs and enlarging cannabis studies in the U.S. Department of Health and Human Services.

On the other hand, the House advanced appropriation bills of its own during the summer that include wider marijuana reform policies, showing an overlap between the House and the Senate. In the House version, proposed legislation includes provisions aimed at the following:

Grant the state of Washington the ability to legalize recreational marijuana sales
Oversee the nation’s CBD and hemp industries
Enlarge research on marijuana
Ease access to basic banking services for marijuana businesses
Protect recreational cannabis legalization laws from government interference

To keep most agencies and programs funded, the government has been relying on continuing resolutions, seeing as the fiscal year for next year actually began Oct. 1, 2020.

The report for the measure to fund the Department of Health and Human Services has several passages that direct officials to widen the scope of cannabis research. The measure also includes a note that marijuana’s classification as a Schedule 1 drug only hinders research.

Over in the District of Columbia, the bill funding the state currently maintains a rider banning the city from using its own funds to legalize and regulate recreational marijuana sales. This is despite the House-passed version of the fiscal year 2021 legislation proposing that the policy be revoked.

A noteworthy company that you should pay attention to in the marijuana space is Sugarmade Inc. (OTCQB: SGMD). As other industries have suffered major drops in sales, this cannabis delivery company has seen an uptick in the volume of its business as the COVID-19 pandemic rages on.

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420 with CNW — Texas Legislators Pre-File Bills to Legalize Marijuana

Slightly more than a week after five states voted to legalize marijuana in some way, legislators in Texas have started pre-filing bills aimed at enacting marijuana reforms in the conservative U.S. state.

In only two days, a total of 13 marijuana-related bills targeting the 2021 legislative session of Texas were pre-filed. One of those bills seeks to legalize the recreational use of cannabis by adults; another wants to decriminalize the possession of small amounts of marijuana and protect people who genuinely think they are in possession of hemp but are found with marijuana. Still a third is designed to put the issue of marijuana legalization before voters in the state.

While most of those bills seek to make massive reforms to marijuana policy in Texas, the most far-reaching is a legalization bill that has been sponsored by a newly elected state senator. Democrat Roland Gutierrez is currently a member of the state assembly and is waiting to join the senate in January. His bill, Senate Bill 140, intends to allow Texans who are at least 21 years of age to purchase, possess and consume marijuana within the state. The bill also has provisions establishing a regulated marijuana market in Texas.

The senator-elect has largely premised his bill on the potential financial benefits that the state is likely to enjoy once a regulated marijuana industry is established. For example, the lawmaker states that the marijuana industry has the potential to inject about $3.6 billion into the Texas economy in addition to bringing a minimum of 30,000 new jobs to the state.

His figures aren’t wishful thinking as estimates done by Vicente Sederberg LLC, a law firm, indicate that a legal marijuana industry can earn Texas at least $1.1 billion in taxes as well as millions extra from license and other fees.

These financial benefits come at just the right time as state officials say Texas will have a deficit of $4.6 billion as the legislature resumes business in January 2021.

Gutierrez jumps on this fact, noting that marijuana legalization provides a solution to raising the needed funds without burdening ordinary Texans with additional taxes. Ironically, the money the incoming state senator talks about receiving from a legal marijuana industry will come from excise and sales taxes levied on those products. However, this method of getting the needed resources may be more acceptable to Texans as they could see it as the price they have to pay to access cannabis legally within the state.

Pure Extracts Technologies Corp. (CSE: PULL) is an interesting entity you need to give lots of attention to if you follow the cannabis industry. The company, based in British Columbia, specializes in extracting plant compounds, particularly marijuana compounds. PULL recently ventured into the medicinal and functional mushrooms space.

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CannabisNewsBreaks – Crop Defenders Ltd. Featured in Article posted at MMJDaily

Crop Defenders Ltd., a Canadian bio control company, was featured in an article titled “Newly reared Aphidius Ervi strain strong tool against aphids,” which was recently posted at MMJDaily. The article highlights the destruction aphids can cause, the declining effectiveness of a known biological control, and the solution Crop Defenders Ltd. has introduced to the market. “By rearing an indigenous strain of Aphidius Ervi that is two times bigger than its imported peers, we have developed a product that is distinctly superior to anything available in the market, out-performing the other strains in field efficacy by extensive margins,” the team with Crop Defenders said.

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

About Crop Defenders Ltd.

Crop Defenders was developed and devised by the founder, Dr. Ishtiaq Rao. Before Dr. Rao was “Dr.” Rao, he saw how much money there was to be made in pesticide sales, so he decided to study entomology. At this time, agricultural pest control strategies were entirely based on pesticides. One year into his entomology program, Dr. Ishtiaq Rao would witness chemical sprays that caused birds to fall from the air, dead. Sometime later, he visited hospitals and witnessed people who were very sick as a result of rampant pesticide use. He used to see people come to the villages for fresh air, now the villagers themselves were dying for fresh air. It was after seeing all this that he made the decision to never sell chemical pesticides and made the life-changing decision to get into biologicals. For more information, visit the company’s website at http://cropdefenders.ca/

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420 with CNW — Medical Marijuana May Be Future Treatment for Alcoholism

Research carried out by the School of Public Health and Social Policy at the University of Victoria along with the Canadian Institute for Substance Abuse Research revealed that people who used medical marijuana experienced a decline in their alcohol consumption.

The study involved 1,000 medical marijuana patients in Canada and examined them on their habits, which included questions on their alcohol consumption. The study’s findings revealed a decline in alcohol use.

The study asserted that marijuana can affect the use of other psychoactive substances, including illicit drugs, tobacco, alcohol and prescription medications. However, little research has been conducted that looks into the factors linked to these changes in substance use.

During the study, 18% of the individuals who were polled reported that they abstained from alcohol, 85% claimed that they decreased the drinks they consumed every week and 44% reported a decline in the frequency of their alcohol consumption as they used medical marijuana.

From the Canadian medical marijuana program, a sample of 2,102 individuals provided their data, with each individual giving answers based on their medical marijuana use throughout the study and how it affected their alcohol consumption. More than 970 respondents who used alcohol at least 10 times over a year before starting to use medical marijuana were also included in the study. The researchers then assessed retrospective data on amount of alcohol and the frequency of use before and after medical marijuana initiation.

It is estimated that about 107 million people around the globe suffer from alcohol use disorder. This is a physical and mental addiction that’s common. The use of marijuana/medical marijuana to help decrease alcohol use is good news for many. Additionally, the WHO reports that marijuana is 114 times safer than alcohol, with alcoholism killing 3 million individuals around the globe annually.

The study findings suggest that the use of medical marijuana may be linked to reductions in alcohol intake and cessation among medical marijuana patients. Liquor is the most common recreational substance in North America, and it has high rates of mortality, morbidity and criminality as a result of its use. The authors of the study claim that these findings may bring about better health outcomes for medical marijuana patients and improve general safety and public health as well.

While this is only one study that looks into the link between the use of alcohol and medical marijuana, it may be the key to more research that supports marijuana treatment as a way to keep off liquor.

A company worthy of your attention in the cannabis industry is The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). The company focuses on using innovative proprietary electrolysis processes to make perfectly balanced alkaline water as well as CBD-infused eats and drinks.

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420 with CNW — What’s Next for Medical Marijuana After NJ Legalizes Recreational Pot?

A week ago, New Jersey legalized the sale of marijuana. The state has allowed the sale of medical marijuana since 2010 when the Compassionate Use Medical Marijuana Act was approved. Currently, upwards of 80,000 individuals in the state use marijuana to help alleviate or treat symptoms of various conditions, which range from epilepsy, cancer, nausea and pain to glaucoma and ALS.

The state’s medical cannabis program is designed to help some individuals improve their quality of life and others to ease their last moments of life. However, there are those who are concerned that the legalization of recreational marijuana for adults may influence the medical cannabis program. In various states, the launch of a recreational marijuana market has severely damaged the availability of medical marijuana.

The rise of the markets may influence some patients to ditch the doctor’s office visit for self-medication using the recreational products. Additionally, the marijuana strains that medicinal patients use, especially those with low THC levels, often become unavailable. The increase in recreational markets therefore indirectly leads to growth in overall THC levels in the marijuana sold in a state because many growers opt to sell only products with high THC levels.

Research also shows that specialized edibles normally purchased by medical patients also increase in price after the legalization of marijuana. An analysis was carried out by the Associated Press in four states where medical cannabis was available. The study revealed that in those four states — Alaska, Colorado, Nevada and Oregon — there was a decrease in the number of medical marijuana patients after the legalization of marijuana. In the state of Oregon, the number of medical marijuana shops dropped to two from 400.

There are many individuals who rely on medical marijuana, so if the medical marijuana dispensaries in New Jersey were to close down, the result would be tragic. The prejudices that prevent marijuana from being approved as medication do not help prevent this. These prejudices persist despite the many studies and trials that prove cannabis to be a medicinal plant with various benefits and a bonus recreational use as well.

The research is said to be insufficient though, as researchers look deeper into understanding marijuana and its strains as well as the conditions that it can help manage. To help do this, the Cannabis Education and Research Institute (“CERI”) was formed to advance research on cannabis. Apart from understanding the plant’s botanical properties, the institute is also calling for the end of federal restrictions that may impede research in this area. The removal of a prohibitive designation, such as the classification of marijuana as a schedule 1 drug, would only open the door to more research. This would be helpful in saving medical marijuana for individuals who need it.

A company you need to allot some attention to in the marijuana space is Sugarmade Inc. (OTCQB: SGMD). The ongoing coronavirus pandemic has boosted the cannabis delivery services offered by this firm to those in the San Francisco area.

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