420 with CNW – CDC Flooded with Comments on Kratom and Marijuana

For years, humanity’s main defense against chronic pain has been opioids. However, opioid addiction has quickly become a major issue in America with 450,000 people dying from overdoses involving prescription and illicit opioids from 1999 to 2018. On April 17, the Centers for Disease Control and Prevention (“CDC”) called on patients living with chronic and acute pain to comment on their perspectives on the benefits and harms of opioid use as well as their experiences with other non-opioid and non-pharmacological treatments for pain.

By the time the June 16 deadline had passed, the CDC had received hundreds of comments about medical marijuana and thousands of comments related to kratom, a lesser-known herb that has shown promise as a pain reliever. The CDC had stated that it is looking for input on individual stakeholder’s values and preferences related to pain management options. “Through this opportunity, the CDC is seeking stakeholders’ perspectives on and experiences with pain and pain management, including but not limited to, the benefits and harms of opioid use.”

“CDC invites input specifically on topics focused on using or prescribing opioid pain medications, non-opioid medications, or non-pharmacological treatments (e.g. exercise therapy or cognitive behavioral therapy).” And, although the April 17 notice did not specifically reference kratom and medical cannabis, there were numerous comments from individuals who had used them for pain management with some success. Over 1,000 people talked about kratom, more than 200 discussed either ‘marijuana’ or ‘cannabis’ and about 70 talked about CBD.

“I suffer from rheumatoid arthritis and have had 15 skin cancer removals and didn’t receive pain meds for any of those surgeries! I wouldn’t have made it without cannabis. I have never had any side effects nor does it slow me down. It actually helps ease the pain which enables me to do more physical activities! It’s much safer than alcohol and I don’t understand why the U.S. hasn’t legalized it other than politics,” says one anonymous commenter.

Another individual who suffers from chronic pain says that they use cannabis to relieve nerve and muscle pain. “I use cannabis to relieve nerve pain effectively and it doesn’t cause me as much impairment as opioids and other medication I was prescribed for the injury.”

According to NORML Deputy Director Paul Armentano, an estimated one in ten Americans suffers from chronic pain conditions that are “unresponsive to conventional pain treatments such as NSAIDs and opioids. Because of this unmet need, and because many conventional analgesics possess the risk of serious side effects, including overdose death, it is understandable that many patients are seeking alternative treatment regiments such as cannabis.”

Industry watchers believe that sector players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) will be hoping that the CDC uses the responses as a guide to shaping how it views marijuana and other substances that people use to manage their pain.

“The CDC’s call for public comments is a unique opportunity for this agency to hear directly from these tens of thousands of patients who are therapeutically benefiting from cannabis and in many cases, substituting it in place of more dangerous opioids.”

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 – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Reports Encouraging Q1 2020 Financial, Operational Results

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, recently reported unaudited financial and operational results for Q1 2020 (http://cnw.fm/7raXQ). An article discussing the company further reads, “‘Our first-quarter financial results paint the picture of a much healthier business than previous quarters,’ he continued. ‘But the work is far from done. In 2020, we are focused on leveraging our core capabilities to create capital-efficient growth through known distribution channels.’ . . . According to the report filed with the Canadian Securities Exchange (‘CSE’), net revenues for the company rose from $3.2 million for Q1 2019 to $4.7 million in Q1 2020 — an impressive 46% increase compared to Q1 2019 net revenues of $3.2 million and a 36% increase over last quarter’s revenue of $3.5 million. Company officials noted the growth came primarily from its California adult-use market, with incremental growth attributed to the Nevada adult-use and national hemp-CBD markets.”

To view the full article, visit http://cnw.fm/Cpy4J

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the company’s website at www.PlusProducts.com.

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

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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 – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Partners with Medipharm Labs to Leverage GMP Production Capabilities, Accelerate Australian Market Presence

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) today announced that its subsidiary, Beacon Medical Australia Pty. Ltd. (“Beacon Medical Australia”), entered into an agreement with MediPharm Labs Australia Pty. Ltd. (“MediPharm Labs Australia”), a subsidiary of MediPharm Labs Corp. (TSX: LABS) (“MediPharm Labs”). Under the agreement, MediPharm Labs Australia will supply pharmaceutical-quality (GMP certified), formulated cannabis oil products to Beacon Medical Australia to sell into the Australian market. “VIVO’s international efforts remain focused on the emerging Australian and German markets and we continue to seek out partnerships with organizations that have proven track records,” Barry Fishman, CEO of VIVO, said in the news release. “For this reason, we are thrilled to be working with MediPharm Labs to leverage their GMP production capabilities to accelerate our Australian market presence. We are confident this will allow us to continue to provide our Australian patients with the medical-grade products they have come to expect from the Beacon Medical(TM) brand.”

To view the full press release, visit http://cnw.fm/7e6dW

About VIVO Cannabis(TM)

VIVO Cannabis(TM) is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor and seasonal airhouse cultivation facilities with proprietary plant-growing technology in Hope, British Columbia and Napanee, Ontario. VIVO has a collection of premium brands, each targeting different customer segments, including Canna Farms(TM), Beacon Medical(TM), Fireside(TM), Fireside-X(TM), Lumina(TM) and Canadian Bud Collection(TM). The Company is expanding its production capabilities and distribution network. Harvest Medicine, VIVO’s patient-centric, scalable network of medical cannabis clinics, has serviced over 100,000 patient visits. VIVO is pursuing several partnership and product development opportunities and is focusing its international efforts on Germany and Australia. The Company has a healthy balance sheet and is well-positioned to accelerate its path to profitability. For more information, visit www.VIVOCannabis.com.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Discusses Establishment of Asian Division on MoneyTV with Donald Baillargeon

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives offering insights into various companies and their operations and future outlooks. Among other highlights, this week’s episode featured CEO Warren Wang as he discussed establishing an Asian division within the company’s core subscription business. He also announced that ChineseInvestors’ CBD Biotech division will concentrate on CBD cosmetics.

To view the full press release, visit http://cnw.fm/u3hF5

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

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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PsychedelicNewsBreaks – Champignon Brands Inc.’s (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) Dr. McIntyre / CRTCE Published in Two Peer Reviewed Study Journals

Champignon Brands (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496), a human optimization sciences company with an emphasis on ketamine and psychedelic medicine, continues to highlight the scientific merit of its ketamine treatments for Major Depressive Disorder (“MDD”) while demonstrating rapid onset efficacy and safety of its treatment processes. To this accord, the Company today announced that its Chief Executive Officer, Dr. Roger McIntyre, and the Canadian Rapid Treatment Centre of Excellence (the “CRTCE”) have been recently published in two peer reviewed study journals (the “Peer Reviewed Studies”) focusing on ketamine’s safety, tolerability and effectiveness. “The publications of data as it relates to ketamine treatment at the CRTCE continues to demonstrate the rapid and robust efficacy of ketamine in persons with depression and related disorders,” Dr. McIntyre, Champignon’s CEO, said in the news release. “Our data, for the first time in the field of psychiatry, shows that ketamine can improve a person’s ability to function in their role and return to work within a few weeks. The significant efficacy of ketamine at our centre is also matched by stable side-effect profiles, as well as the acceptability of ketamine in people who are benefitting from this novel treatment.”

To view the full press release, visit http://ibn.fm/CwdEl

About Champignon Brands Inc.

Champignon Brands (CSE: SHRM) is focused on the formulation and manufacturing of novel ketamine, anaesthetics and adaptogenic delivery platforms for the nutraceutical and psychedelic medicine while being supported by a leading psychedelics medicines clinic platform. The Company is pursuing the development and commercialization of rapid onset treatments capable of improving health outcomes, such as depression and post-traumatic stress disorder (“PTSD”), as well as substance and alcohol use disorders. Under a collaborative research agreement with the University of Miami’s Miller School of Medicine, the Company is conducting preclinical studies and eventual human clinical trials, with the objective of demonstrating safety and efficacy of the combination of psilocybin and cannabidiol in treating mTBI with PTSD or stand-alone PTSD. Champignon continues to be inspired by sustainability, as its medicinal mushroom-infused SKUs are organic, non-GMO and vegan certified. For more information, visit the Company’s website at www.ChampignonBrands.com.

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

About PsychedelicNewsWire

PsychedelicNewsWire (PNW) is a specialized content distribution company that (1) aggregates and distributes news and information on the latest developments in all aspects and advances of psychedelics and their use, (2) creates PsychedelicNewsBreaks designed to quickly update investors on important industry news, (3) leverages a team of expert editors to enhance press releases for maximum impact, (4) assists companies with the management and optimization of social media across a range of platforms, and (5) delivers unparalleled corporate communication solutions. PNW stays abreast of the latest information and has established a reputation as the go to source for coverage of psychedelics, therapeutics and emerging market opportunities. Our team of seasoned journalists has a proven track record of helping both public and private companies gain traction with a wide audience of investors, consumers, media outlets and the general public by leveraging our expansive dissemination network of more than 5,000 key syndication outlets. PNW is committed to delivering improved visibility and brand recognition to companies operating in the emerging markets of psychedelics.

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420 with CNW – Louisiana Governor Signs Off on Medical Cannabis Expansion Bill

Last week, Governor John Bel Edwards signed a bill that will allow Louisiana residents to get medical marijuana for any debilitating condition their doctors see fit. Sponsored by Rep. Larry Bagley, the medical marijuana expansion bill significantly expands beyond the 14 specific medical conditions that qualify patients for medical cannabis. As of August 1, patients will be able to purchase medical marijuana as long as they have a condition deemed by their doctor as debilitating.

Originally, the marijuana expansion bill would only have added traumatic brain injuries and concussions as qualifying conditions. However, it was amended in committee to include several other medical conditions as well as language stipulating that cannabis can be recommended for any medical condition that a doctor “considers debilitating to an individual patient and is qualified through his or her medical education and training to treat.”

“This is a common-sense legislation that provides physicians, not lawmakers, the ability and discretion to decide what treatment options are best for patients. Just as doctors are entrusted to make decisions with regard to the supervised use of opiates and other medicines, many of which pose far greater risks to patients than cannabis, the law should provide doctors with similar flexibility when it comes to recommending cannabis therapy to a bona fide patient,” says National Organization for the Reform of Marijuana Laws (NORML) Deputy Director Paul Armentano.

Rep. Bagley had introduced a House-passed bill alongside the expansion legislation to allow delivery services, but he voluntarily withdrew it from Senate committee consideration. He stated that he believed the marijuana expansion bill would already allow cannabis products to be delivered to qualifying patients like other traditional pharmaceuticals. Whether regulators will agree with his interpretation of the law is unclear.

The governor also signed legislation that would protect banks, credit unions and other financial institutions that work with cannabis businesses from being penalized by state regulators as well as a bill to provide immunity from prosecution to doctors who recommend medical marijuana to their patients and “any facility that is licensed by the Louisiana Department of Health that has patients in its care using medical cannabis.”

Once the cannabis expansion bill takes effect, Louisiana will join a handful of states such as Maine, California, and Virginia that have enacted similar measures granting licensed doctors the ability to recommend medical cannabis as a treatment to any patient they believe has a qualifying condition.

Analysts say companies like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) would like to see the U.S. federal government also take more progressive steps on matters of marijuana.

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 – Canadian Marijuana Oil Exports Jump 500% in 2019

Canada has made great inroads into the nascent global cannabis industry. As public opinion slowly turns in favor of cannabis, a handful of countries, including Canada, have legalized either medical and adult-use cannabis or both. The Great White North is among the biggest exporters of medical marijuana oil in the world, and according to data from Health Canada, Canadian-produced medical marijuana oil reached more international shores than ever last year.

In 2019, cannabis oil exports were approved for export to at least 17 countries for medical and scientific purposes, but the bulk of the exports involved only a few countries. Overall, 1181 gallons of cannabis oil products were exported for medical and scientific use, and 90% went to three countries. Australia imported roughly 977 gallons of Canadian-made marijuana oil while Germany and Denmark imported 173 gallons and 74 gallons respectively. The remaining 120 gallons of cannabis oil was shipped to 10 or more countries.

Last year’s shipments were almost five times more than the 202 gallons exported from Canada in 2018. Marijuana oil exports in 2019 also exceeded the 8,245 pounds of dried cannabis exported from Canada in 2019. According to Sarah Seale, CEO of Toronto-based Seale & Garland Consulting and a partner at Cannabis Global Consultants, medical cannabis oil is more readily used in medical products, and this makes it more sought after overseas. “There’s a wider market, a higher price point, and it’s a little bit easier to import and export it when you’re dealing with oil,” she says.

Although Canada has had great success with the global medical marijuana export market, fellow progressive countries like JamaicaAustraliaPortugal, and Colombia are itching to jump into the market as well. Despite the threat of increased competition, Seale believes Canadian companies will continue enjoying their advantage, but only if they play their cards right. “Anybody looking to export now is going to be looking at paths that are already open. Canada has the opportunity of looking at the paths that aren’t open yet and making provisions to be the first one in the door in those markets as well.”

Co-founder and CEO of Toronto-based regulatory consulting firm CannaDelta Sherry Boodram says that some countries that have recently legalized cannabis are looking to meet demand through imports before their systems for domestic production are up and running. “A lot of countries don’t have provisions in place to produce dried flower and oil products, so they’re going to look at other countries to obtain those product formats.”

This data is likely to be of great interest to sector players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) who would also relish the opportunity to get a larger piece of the international market for cannabis products.

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 – Youngevity International, Inc.’s (NASDAQ: YGYI) CLR Roasters Expands International Footprint Through Deal to Sell Espresso Brands into Panama

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and a commercial hemp production, today announced that its wholly-owned subsidiary CLR Roasters has signed a 5 year contract with H&H Coffee Group Export Corp.to sell CLR’s espresso brands, Café La Rica and Café Cachita into Panama. Per the update, the terms are C.O.D. and F.O.B. Miami, with the initial order of approximately 60,000 units of Café Cachita Espresso bricks expected to ship this week, and a second order of the same amount of the brand Café La Rica planned within 14 days thereafter. “Expanding the distribution of our company owned brands remains a high priority and we are pleased to continue to expand our international footprint,” Youngevity CFO and President Dave Briskie stated in the news release.

To view the full press release, visit http://cnw.fm/8hP5b

About Youngevity International

Youngevity International, Inc. ( NASDAQ: YGYI ) is an multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise.  The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity, YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit www.YGYI.com.

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

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 – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Applies for NIH Grant to Support COVID-19 Therapy Studies, Receives Expanded Health Canada License

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced its submission of a grant application to the U.S. National Institutes of Health (“NIH”) entitled “In vitro and in vivo animal exploratory pharmacokinetic and preliminary efficacy modelling of select orally administered antiviral compounds following DehydraTECH formulation enhancement.” According to the update, the grant application is for funding to support Lexaria’s second round of planned studies related to COVID-19 treatment possibilities. Additionally, the Company also reported that its subsidiary Lexaria CanPharm ULC has received a new license from Health Canada, issued in accordance with the Cannabis Act and Cannabis Regulations. The new license allows for expanded testing capabilities including sensory testing of cannabis oral products for taste, smell, and additional research and evaluation.

To view the full press release, visit http://cnw.fm/KGZ3n

About Lexaria

Lexaria Bioscience Corp. is a global innovator in drug delivery platforms. Its patented DehydraTECH(TM) drug delivery technology changes the way Active Pharmaceutical Ingredients enter the bloodstream, promoting healthier ingestion methods, lower overall dosing and higher effectiveness for lipophilic active molecules. DehydraTECH increases bio-absorption; reduces time of onset; and masks unwanted tastes for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”), nicotine and other molecules. Lexaria has licensed DehydraTECH to multiple companies in the cannabis industry for use in cannabinoid beverages, edibles and oral products; and to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 16 patents granted and over 60 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

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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420 with CNW – CBD Toxicity Study Informing FDA Regulation Will Commence in July

Since the 2018 Farm Bill legalized the cultivation and sale of industrial hemp and its extracts, the CBD industry has been steadily growing. Effective against a wide range of ailments and most importantly, devoid of cannabis’ infamous high, cannabidiol has quickly become the go-to ingredient for people who have lost faith in pharmaceuticals. However, the industry is barely regulated, and the U.S. Food and Drug Administration (“FDA”) has repeatedly called for stakeholders to provide reliable scientific data, especially on the effects of long term use on the liver.

A group of CBD brands is doing just that. They have sponsored a study to determine any potential liver toxicity and the safety of CBD, and the study will be carried out by Colorado-based clinical research company ValidCare. Slated to commence this July, the clinical study, which was designed with heavy input from a branch of the FDA, is being interpreted as a critical step in providing the agency with scientific data that will guide its efforts to regulate CBD.

The study is officially sponsored by CBD American Shaman, Boulder Botanicals, CBDistillery, Charlotte’s Web Holdings, Columbia Care, Hempfusion, and Kannaway. Each brand donated at least $100,000 for the study, and they will each have the opportunity to invite their consumers to become participants in the study. It was scheduled to start last March but the coronavirus pandemic and the civil unrest currently sweeping through the U.S. pushed the schedule several months ahead.

1,000 subjects will be observed and their liver health monitored from July through September. They will be required to take CBD orally for 60 days before the study then they will record their experiences in journals for the course of 30 days. Additionally, they will also provide blood samples that will be screened under four liver function tests.

“As the market share leader, anchored in science, sponsoring ValidCare’s study made strategic sense for us. This research will provide important clinical data to guide our entire industry while also showing the FDA we’ve heard their requests and are answering their questions with precise data,” says Deanie Elsner, Chief Executive Officer for Charlotte’s Web.

Ever since CBD products hit the shelves, the FDA has been apprehensive and has warned consumers that most of these products may not be safe. The research carried out by ValidCare will provide crucial data on CBD’s effect on the liver and it will inform the FDA on how to move forward with regulating CBD.

It is widely believed that the entire cannabis industry, including Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), will be keen to see the results from this first of a kind study into cannabidiol.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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