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 – Missouri Opens State’s First Medical Cannabis Dispensaries and Launches Sales

Last Saturday, medical cannabis dispensaries in Missouri made their first legal sales to qualified patients and caregivers. This comes less than two years after voters from Missouri approved a ballot measure to legalize medical cannabis.

N’Bliss Cannabis put up shop and opened doors in Manchester and Ellisville, two different St. Louis County locations. The director of the Missouri Department of Health and Senior Services, Dr. Randall Williams, stated in a press release that Missouri patients had always been the state’s north star as they worked towards implementing the state’s medical cannabis program. He added that they greatly appreciated how hard everyone had exerted themselves into ensuring that patients would be able to access a well-regulated and safe program.

Various officials have highlighted the speed at which they got the voter-approved marijuana program off the ground, stating that it was one of the fastest implementations of a medical cannabis program in the United States.

The director of the Section for Medical Marijuana Regulation, Lyndall Fraker, stated in a press release that a huge amount of work had been put in by the team and licensed facilities to get to the point they were at and that they heard from more facilities which were almost ready or ready for their commencement inspections. He added that they looked forward to seeing these facilities open their doors to serve both caregivers and patients.

The Missouri Medical Cannabis Trade Association was the first to announce on Friday that the launch of sales will happen the next day while the Springfield News-Leader was the first to report the good news of this announcement.

The state of Missouri has until now granted licenses to 192 dispensaries and expects that most if not all will have opened by the end of the year. The state also posted an interactive map that can be used to track the status of approved cannabis businesses.

For many months now, regulators have been immersed in appeals and lawsuits challenging the state’s licensing decisions, with revenues that should have been directed into veteran services being diverted and used to cover legal costs.

Furthermore, Missouri is not the only state that launched medical marijuana sales this past weekend. The state of Virginia also had its first medical cannabis dispensary grand opening on Saturday as well. Over in Maine, recreational sales of cannabis were introduced last week, roughly four years after voters had approved a legalization ballot measure.

Many companies are bringing a new twist to the cannabis space, and one interesting one to watch is The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). They specialize in making perfectly balanced alkaline (pH of 8.8) water rich in trace minerals.

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 – HempFusion Wellness Inc. Files Prelim Prospectus for Initial Public Offering

HempFusion, a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, except Quebec. The prospectus is for a proposed initial public offering of (i) common shares of the company (the “offered shares”) for gross proceeds of up to US$7,000,000 (the “share offering”) and (ii) units of the company (the “units”) for gross proceeds of up to US$10,000,000 (the “unit offering” and together with the share offering, the “offering”). The offering price will be determined in the context of the market and is anticipated to be between US$0.90 and US$1.35 per offered share and unit, respectively. “We are incredibly excited to announce our initial public offering and HempFusion’s intention to list its securities on the Toronto Stock Exchange. To be the first U.S.-based CBD company to apply to list on the TSX is a tremendous honour,” HempFusion CEO Dr. Jason Mitchell N.D. said in the update. “Completion of this proposed initial public offering will accelerate our ability to scale HempFusion’s operations both domestically and internationally, drive accelerated growth within all our distribution channels, and significantly expand our marketing initiatives.”

For more details, visit https://cnw.fm/cOKAB

About HempFusion Wellness Inc.

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research and HF Labs, to approximately 4,000 retailers across all 50 U.S. states and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs including tinctures, proprietary FDA Drug-listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on R&D, HempFusion has an additional 30 products under development. HempFusion is a board member of the U.S. Hemp Roundtable and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in-store or by visiting HempFusion online at www.Hempfusion.com or www.Probulin.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.

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CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Books Over $2.3M September Sales, Eyes Strong Year-End Run

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced September monthly performance data, which showed a strong continued pace of growth in sales of cannabis products during the month. According to the update, the company booked over $2.3 million in total sales from cannabis products during September. That compares to $1.8 million in total sales from cannabis products in August, representing a sequential monthly growth rate of approximately 28%. “We continue to see growing market positioning and overall performance despite variable market conditions for cannabis producers over the past two months,” Simon Yu, CEO of Cannabis Strategic Ventures, said in the news release. “It’s remarkable to look back and recall that our target for 2020 for the topline was around $5 million in annual sales. We have already more than doubled that, and we look forward to a very strong run into year-end.”

To view the full press release, visit https://cnw.fm/h9nsx

About Cannabis Strategic Ventures Inc.

Cannabis Strategic Ventures is one of the largest publicly traded marijuana cultivators in the United States. The company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing cannabis consumer brands. For more information, visit www.CannabisStrategic.com.

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

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CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Founder Featured in SmallCapVoice.com Audio Interview

Cannabis Global (OTC: CBGL) founder Robert Hymers is featured in a newly released interview with SmallCapVoice.com’s Stuart Smith. Hymers was joined by Jesus Quintero, CEO of Marijuana Company of America Inc. (OTC: MCOA), an innovative hemp corporation. During the interview, the two men discuss the development of MCOA’s work with Cannabis Global, a cannabinoid and hemp extract science company developing infusion and delivery technologies. Hymers and Quintero share the story behind the transition in management that recently took place as well as how Quintero’s team is focused on MCOA’s international expansion and creative new product offerings. A pioneer in the CBD sector, MCOA has unique penetration in a crowded market. Highlights of the interview included observations that, even during a global pandemic, the company reduced expenses and overhead. In fact, Quintero noted that new management has reduced the burn rate by over 50% since taking over in 2019. “To continue penetrating and expanding our reach in South America and Europe is our primary goal in 2021,” said Quintero during the interview. “To achieve this, we will utilize our existing contacts and relationships in Latin America. We are looking to take advantage of these new markets that are hungry for our hempSMART(TM) CBD products. There is a lot to be excited about from both a top-line and bottom-line perspective for MCOA here in 2020 as well. . . . The company is ideally positioned for scale and growth.”

To listen to the interview, visit https://cnw.fm/riO35

To view the full press release, visit https://cnw.fm/dZc9H

About Cannabis Global Inc.

Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission. The company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp- and cannabis-infusion technologies. The company does not engage in the production, distribution or sales of any controlled substances, including marijuana. CBGL has an actively growing portfolio of intellectual property, having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020, designed to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (“THV-C”) and to develop products based on this cannabinoid. For more information about the company, visit www.CannabisGlobalInc.com.

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

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420 with CNW – COVID19 a Boost as Recreational Cannabis Turns Two in Canada

Two years after recreational cannabis sales became legal in Canada, the industry is flourishing. Amidst the coronavirus pandemic, the Great White North’s legal marijuana industry is celebrating increased sales, more brick and mortar stores, and competitive pricing. Although the industry has struggled to compete with the black market ever since Canada legalized recreational cannabis in October 2018, it has recently been gaining ground.

According to David Soberman, a professor of marketing at the University of Toronto, this can be attributed to the coronavirus pandemic. “It’s been a boon for the legal industry,” he says. July, for instance, saw a 15% increase in sales from June, the biggest monthly jump in sales since Canada legalized cannabis. Terry Kulaga, the founder of Weed Me, a legal cannabis production company based in Pickering, Ontario says self-isolation and working from home policies have greatly benefited the industry.

“Because people are spending more time at home, they’re perhaps more comfortable with consuming cannabis. As people work from home, they probably have more time to actually consume cannabis,” he says. Statistics Canada reports that Canadians have been buying more marijuana, it’s just that they are now sourcing it legally. Compared to April-June 2019, people spent 74% more money on licensed cannabis during the same period in 2020.

“There’s been a downturn in the black market because people are more reluctant to go out and meet their regular cannabis dealer in the way that they were prior to the pandemic,” Doberman explains. Additionally, the country has also seen an increase in the number of brick-and-mortar retail shops. According to the Alcohol and Gaming Commission of Ontario, there are more than 180 licensed cannabis stores in the province of Ontario.

“More and more people are having a shop open up locally where they can access a safe and reliable product,” says Weed Me founder Terry Kulaga. “Moreover, I’ll mention that inside the stores themselves, the people selling the products are becoming more knowledgeable about the product and the suppliers,” he surmises.

With the legal cannabis market offering cheaper prices, consumers have even more incentive to ditch the black market and start buying legal marijuana. Back in the industry’s inception, the average price per gram for legal cannabis was $10.25 while on the black market it was around 4 dollars less. Now the average price per gram for legal dried flower is around $7.05.

“Legal cannabis is infinitely better than illegal cannabis,” says Steven Frys, president and co-founder of Sessions Cannabis, a chain of five stores across Ontario. “It’s a healthy and safe product that’s approved by Health Canada and it’s highly regulated. Tax money is going back to the community when we’re purchasing through the legal channels.”

There are many cannabis sector players within the Canadian and U.S. marijuana industry. One of the interesting firms to watch is Sugarmade, Inc. (OTCQB: SGMD). They focus on offering delivery services and their market segment is certainly trending up as the pandemic drags on and people get used to having everything they need delivered to their doorsteps.

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420 with CNW – Can CBD And Nicotine Mix?

In the past, cannabis has gotten more than its fair share of bad press. However, research done has made us aware of the fact that cannabis compounds, like THC and CBD can be used to help manage addictive behaviors. Cannabis is now considered to be an exit drug as opposed to its former “gateway drug” title.

Observational studies have also discovered that cannabis can be used as a substitute for nicotine and alcohol as it is considered safe. This is unlike tobacco, which kills about 6 million people every year and leads to massive economic losses. The World Health Organization released a report indicating that tobacco smoke contains 69 substances which are known causes of cancer.

The Global Tobacco Surveillance System gathers data from 22 nations which make up about 60% of the global population. The latest report shows there are 1.3bn nicotine users in the above 22 countries. Of the 1.3bn, 205 million have tried to quit smoking in the last year.

Of those who tried to quit, 4-7% can manage to kick the habit without any help or medication while 25% of the nicotine users manage their withdrawal symptoms using medication.

So, can we use CBD to help treat nicotine addiction?

While the exact effect of CBD on nicotine addiction is yet to be fully understood, one pilot study noted a decrease in cigarette consumption with the administration of CBD.

The clinical study studied the efficacy of CBD to help treat tobacco addiction. The study involved 24 individuals who consumed more than 10 cigarettes in a day. Half of the group got an inhaler containing a placebo and the remaining 12 got an inhaler with CBD. The study lasted a week with researchers recording the individual’s anxiety levels and nicotine cravings daily.

Three weeks after the treatment, an interview was conducted that discovered that the consumption of tobacco in the group that received CBD inhalers had reduced by 40%. While the subjects had reverted back to their initial conditions by the 21^st day, the study shows promise and indicates the need for more studies to be done on this, on a much larger scale.

When it comes to CBD and other stimulants, we recommend not mixing CBD with any stimulants. This is because interactions between the drugs may lead to weight loss, reduced appetite or insomnia. Sleeping disturbances may in turn lead to increased anxiety and mood swings. Therefore, we suggest either using CBD oil alone but not with other stimulants unless studies have shown otherwise.

For those struggling with nicotine addiction, CBD can not only ease withdrawal symptoms such as weight gain, anxiety and sleep disturbances but it can also reduce cravings for cigarettes. While no study has explicitly recommended CBD as a nicotine substitute, you can help manage your addiction yourself using the information above and carry on with a life free from nicotine.

Many firms are involved in extracting different compounds from the cannabis plant. Pure Extract Technologies Inc. is one to watch. This company focuses on extracting plant compounds and it has made a name for itself serving licensed cannabis producers in Canada.

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420 with CNW – More Menopausal Women Are Using Cannabis to Ease Symptoms

These days, cannabis is used to alleviate everything from insomnia and chronic pain to stress and anxiety. Although experts concede that the hype around the controversial plant has far surpassed the science, preliminary results and anecdotal accounts have found cannabis to be an effective natural medicine. Over the years, an increasing number of older women have begun using cannabis to treat menopause symptoms.

One in four women are turning to cannabis to relieve the symptoms of menopause, a new study has found. This is more than the number of women who use traditional types of menopause symptom management such as hormone therapy, according to the study which was presented during the 2020 Virtual Annual Meeting of the North American Menopause Society (“NAMS”).

“This study highlights a somewhat alarming trend and the need for more research relative to the potential risks and benefits of cannabis use for the management of bothersome menopause symptoms,” cautions Dr. Stephanie S. Faubion, NAMS’s medical director and a clinician who specializes in women’s health. Other experts are more optimistic, however, stating that there’s good science behind the connection between menopause symptoms and the body’s natural endocannabinoid system.

Researchers examined data sampled from 232 women in Northern California with a mean age of 56 years. About 54% of the participants reported hot flashes and night sweats, 27% reported insomnia and 69% reported genitourinary symptoms. 27% of the women who reported symptoms of menopause said they currently use cannabis (in any form) to manage their menopause symptoms or have used cannabis in the past. Researchers found that the participants were more likely to use cannabis to address hot flashes and night sweats.

“These findings suggest that cannabis use to manage menopause symptoms may be relatively common,” says Carolyn Gibson, Ph.D., a psychologist and health services researcher at the San Francisco Veterans Administration (“VA”) and Health Care System and lead author of the study. “However, we do not know whether cannabis use is safe or effective for menopause symptom management or whether women are discussing these decisions with their healthcare providers, particularly in VA, where cannabis is considered an illegal substance under federal guidelines.”

However, experts advise women to tread carefully as cannabis hasn’t yet been proven to be effective at managing menopause symptoms. “Cannabis is known to have a sedating effect, so it may have a positive effect on sleep, disturbance, and reduce symptoms of anxiety, but there is also evidence that cannabis use can result in lethargy, increased anxiety, and can provoke serious psychiatric illness,” says Samantha Miller, spokesperson for Drug Helpline.

“Menopause is associated with cognitive changes, feelings of ‘brain fog’ and difficulty concentrating. These are also side effects of cannabis use, so using cannabis may actually make these symptoms worse.”

Lot of companies have entered the cannabis space over the past few years, and all these believe that cannabis can be beneficial to human health in different ways. One of the interesting companies to watch is Pac Roots Cannabis Corp. (CSE: PACR). This Canadian-based company focuses on producing premium-quality marijuana products and strains by leveraging top-tier genetics.

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420 with CNW – Israel to Temporarily Slash Prices and Authorize Marijuana Exports

The Israeli government has kicked off a new program that will make medical cannabis products more affordable and cut down the country’s reliance on cannabis imports. The pilot program was announced by Health Minister Yuli Edelstein and Deputy Health Minister Yoav Kisch on Sunday. In an effort to alleviate the financial burden on Israel’s medical cannabis patients, the program will subsidize medical cannabis products to around half their current prices effectively immediately until the end of 2020.

The program seems to be addressing some of the issues caused by Edelstein’s predecessor, Ya’acov Litzman’s 2018 reforms. Since they were enacted, they have been widely criticized for causing long lines, reduced product quality, and major product shortages. These reforms ended up turning Israel, once a major medical cannabis exporter, into one of the world’s largest cannabis importers.

Under the pilot program, companies in the Israeli medical cannabis space will have to offer their products at a discounted rate of NIS 140 ($41.45) per ten grams for adults and NIS 100 ($29.61) per ten grams for children. Additionally, cannabis companies will only be allowed by the ministry to export after they have reduced domestic prices and demonstrated they have enough inventory to supply local markets.

Health Minister Yuli Edelstein said in a statement that after medical cannabis consumers had to pay huge sums for the drug, he was glad they’ve started the product discounting process. “Much more work is needed to make the price accessible and reduce it further even after the pilot period and we will do so.” Deputy Health Minister Yoav Kisch stated after the announcement that he was “pleased” that they could address what he describes as the most urgent problem in need of fixing within the industry, price.

“This is an experimental pilot of three months that will provide an immediate price reduction with a continuous supply of inventory while opening up the export market to cannabis companies in the State of Israel. The success of the move and the burden of proof depend on the manufacturers. If the inventories and low prices are maintained, so will the ability to export after the pilot,” he says.

The move to reduce prices and increase local production and supply has been met with approval from Dr. Dadi Segal, CEO of Panaxia, Israel’s largest medical cannabis company, who announced that Panaxia’s price changes will start on Monday. “This is good news for the entire Israeli economy, for the companies that operate in it and for medical cannabis patients in Israel, which will subsequently have greater access to quality products at subsidized prices.”

There’s a lot of innovation currently going on within the cannabis industry around the globe, and one of the interesting companies that you can watch to see how quickly things are evolving is The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER). They use electrolysis to deliver perfectly balanced water whose pH is 8.8. the alkaline water segment is just poised for explosive growth, and such entities give insights into the direction in which the cannabis industry is headed.

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CannabisNewsBreaks – Cannabis Global Inc. (CBGL) Announces Addition of THC to Nanotechnology Program

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, has added tetrahydrocannabinol (“THC”) to its Project Varin research program. CBGL is conducting the program in partnership with Natural Plant Extract of California Inc (“NPE”), a licensed and regulated cannabis products manufacturer. The objective of the program is to demonstrate the cost advantages of using the company’s proprietary and provisional patent-pending nanoparticle and nanofiber technologies to change the cost model as it related to adding THC to various products. Cannabis Global filed six provisional patent applications last year, including one which outlined the methods and technologies to create new forms of polymeric cannabinoid nanoparticles. CBGl is also including other cannabinoids, such as tetrahydrocannabivarin (“THC-V”) and cannabinol (“CBN”) in its research. The company intends to add THC to the program with the end goal of creating new particles and fibers that product formulators and manufacturers can use. “Our goal with THC and Project Varin is simple: delivering to the cannabis industry a better form of THC that is substantially more effective, less expensive, and free of the potentially dangerous chemicals used in currently available formulations,” Cannabis Global CEO Arman Tabatabaei stated in the press release. “Over the past few months, our research program has made substantial progress toward these goals with strong successes in CBD, Tetrahydrocannabivarin (‘THC-V’), and Cannabinol (‘CBN’). By applying what we have learned thus far to THC, we hope to formulate an entirely new class of THC product for the cannabis industry that will be included under our nanotechnology provisional patent filing and future patent applications.”

To view the full press release, visit https://cnw.fm/S3wEw

About Cannabis Global Inc.

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420 with CNW – USDA Plans to Survey Nearly 20,000 Hemp Businesses About Their Experiences So Far

The U.S. Department of Agriculture plans to distribute a survey across the country in a bid to understand how thousands of hemp businesses are finding the production, marketing and sale of hemp. The insights gained will help the USDA to regulate the sector more meaningfully.

Together with the University of Kentucky and state agriculture departments, the USDA wants to learn about hemp production costs, production practices, as well as marketing practices.

However, the federal agency needs to seek permission from the White House Office of Budget and Management before sending out the survey. For this reason, the agency will open a 60-day window within which stakeholders can give feedback about the specific aspects that the USDA wants to include in its survey.

If the agency gets the authorization that it is seeking, it will encourage about 18,000 hemp farmers to take the survey and provide responses. The survey itself will be divided into four main parts, and it will take approximately half an hour to complete.

The first section focuses on gathering information about the location in which hemp production was done, the acreage for which a farmer obtained a license, the acreage they actually planted, and the acreage they harvested. This information will be categorized according to the end-purpose for which the hemp was grown, such as for fiber and CBD extraction.

The second section pays attention to the production practices and costs. Here, questions around fertilizers, seeds, labor, testing and licensing fees will be provided. Detailed questions about the various types of hemp will be presented in order to get insights about the different cost implications.

Marketing and contracting practices will be another section of the survey. Insights sought here include those about the farmgate prices of different end-use hemp crops, storage, contract structures and farmers’ impressions about contract farming of hemp.

The final section is intended to collect demographic information on issues like race, gender, age, education level household sizes and how much experience the farmer has in agriculture.

The USDA says that the data it collects from this survey will be useful in forecasting agricultural activity in the hemp sector and the attendant costs from a state level to the regional and national level. The University of Kentucky is expected to analyze the survey results and then compile a report which will be submitted to the USDA for further analysis and implementation.

The federal agency had recently closed an extension to the window within which hemp industry stakeholders could submit their comments about the interim final rules for hemp production. All indications show that the USDA is taking the pushback from the industry seriously, and the additional information it seeks could be instrumental in shaping how the agency responds to the concerns raised.

There are many hemp and cannabis sector players that may have massive interest in the way the USDA regulates hemp. One of the interesting companies which you can watch is Sugarmade, Inc. (OTCQB: SGMD). It focuses on offering cannabis delivery services, especially during this time when the ongoing COVID-19 pandemic has forced nearly all businesses to rely on delivery services in order to serve their customers.

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