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

HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces HempSMART(TM)’s New Shopping Feature to Show Appreciation, Support to Healthcare Providers

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that its subsidiary, hempSMART(TM), offers consumers, premium hemp products at substantial savings. According to the update, the company feels that the best defense in combating illness, as the country cautiously moves forward with reopening the economy, is to maintain and strengthen collective immune systems. To further its goal, hempSMART(TM) is implementing a “shop to support” feature. Under this new feature, a portion of the proceeds for products sold on the website www.hempSMART.com using the code “shoptosupport” will be donated to “the little market,” which will bake and deliver donations to healthcare providers, including hospital workers, first responders, doctors, and nurses, to hospitals in Los Angeles County at Saint John’s Health Center and UCLA Medical Center Santa Monica. “We are proud to be able to show our appreciation and support to first responders,” MCOA CEO Jesus M Quintero said in the news release. “It is one of the company’s core values to give back to the community.”

To view the full press release, visit http://cnw.fm/sUt0e

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit www.MarijuanaCompanyofAmerica.com.

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

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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420 with CNW – Long Lines as Recreational Pot Shops Reopen in Massachusetts

When governments issued lockdown and social distancing orders to curb the spread of the coronavirus, most states with legal marijuana programs deemed cannabis an essential service, allowing both recreational pot shops and medical marijuana dispensaries to continue operating. In Massachusetts, however, only medical marijuana shops were deemed essential, forcing residents who wanted to indulge in recreational pot during the lockdown to turn elsewhere. With the state slowly reopening, recreational marijuana retailers have been allowed to reopen since they were forced to shut down in March due to the coronavirus pandemic.

With customers now able to order in advance and pick up their purchases outside, some recreational pot shops in Massachusetts have seen some pretty long lines. During the lockdown, medical marijuana establishments were granted extra permissions like online ordering and curbside pickups to keep the staff and customers safe, and they have finally been extended to recreational marijuana shops. In response, customers have showed up in droves, with shops like Solar Therapeutics and Pure Bliss, the first pot shop to open in Boston, seeing dozens of customers lined up on their sidewalks.

“It’s a sort of tricky situation, because we understand the importance of preserving lives, but we also want to be able to provide our customers with the products that they need,” says Pure Oasis co-owner Kevin Hart. The state government had been under a ton of pressure from advocates and stakeholders to allow recreational pot shops to continue operating during the lockdown, with Governor Baker arguing that doing so would attract out of state customers and help facilitate the spread of the virus. However, tons of people who didn’t have prescriptions for medical pot still needed access to marijuana, and according to Chelsea resident Ben Crocker, “a lot of people were going back to the streets to get their self-medication.”

The state’s reopening plan now allows pot shops to open, albeit with some restrictions to reduce the risk of infection for staff and customers. “Our products are in high demand. People need this,” says Hart, with customers waiting as long as two hours to be served by his staff. According to NETA President Amanda Rositano, the restrictions mean her Brookline store will only be able to serve around 500 customers a day, only 20% of the 2,500 customers it serves.

“It’s been tough to stay on our feet but we have gotten by and this is a good chance to be able to reintroduce adult use, albeit in a reduced way.”

Analysts say this reopening of recreational pot shops in Massachusetts is likely to be seen as a long overdue move by industry actors like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) who saw the problems caused by the closure as avoidable ones.

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 – Jamaica Allows Online Medical Cannabis Purchases as COVID-19 Fight Intensifies

The coronavirus pandemic has shown just how essential the cannabis industry is, with numerous territories allowing medical and recreational pot shops to continue operating during the lockdown and granting them certain permissions to keep transactions between staff and employees smooth and safe. The Jamaican government, for instance, recently announced that it will be allowing medical marijuana patients to make cannabis purchases online for pickup at ‘herb houses’ to maintain social distancing and help combat the spread of the coronavirus.

The interim rule change was made by the country’s Cannabis Licensing Authority [CLA] in coordination with the Ministry of Industry, Commerce, Agriculture and Fisheries and announced last week. They are designed to keep pot shops, or ‘herb houses’ open for businesses while minimizing the public’s exposure to the coronavirus. Under the new rules, patients who have already registered with a cannabis dispensary will be able to order products from the dispensary online and pick them up.

According to regulators, the move is “meant to minimize the length of time spent in such licensed facilities thereby limiting the exposure of staff and patients alike.” Faith Graham, the Cannabis Licensing Authority director of enforcement and monitoring said in a press conference that the agency is “cognizant of the far-reaching effects of the pandemic and remains vigilant and proactive in taking steps to secure the industry.”

Marijuana dispensaries that want to opt in to online ordering will have to submit documents including government issued photo identification and proof of registration in the medical cannabis program to the CLA. They are also required to “submit reports and inventory to the CLA in accordance with the required standards and within stipulated time lines.” In light of the coronavirus pandemic, the CLA has also crafted new but temporary rules regarding cannabis imports and exports.

The change in policy is a reflection of the global legal cannabis landscape. Most territories that deemed cannabis an essential service also allowed online ordering, curbside pickups and in some cases, home deliveries to reduce congestion in the shops and keep both staff, customers and medical marijuana patients safe. A large percentage of medical marijuana patients are advanced in age and have compromised immunities, putting them in greater danger of succumbing to COVID-19.

The new rules will allow these patients to stay safe as they purchase the medicine they need and it will keep herb houses afloat at a time of great financial upheaval.

Experts say such a proactive approach in dealing with the challenges faced by the cannabis industry at this time gives sector players like Round Meadow Holdings Corp. and Champignon Brands Inc. (CSE: SHRM) (OTCQB: SHRMF) (FWB: 496) hope that even the other obstacles in the way of the industry will also be eventually addressed.

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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CBDNewsBreaks – Pressure BioSciences Inc. (PBIO) Targets Massive International Markets

Pressure BioScience (OTCQB: PBIO) is a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries. On April 29, PBIO announced its entrance into a binding letter of intent to acquire Cannaworx Inc. (http://cnw.fm/6D1rT).  An article discussing the company reads, “The merged entity, equipped with an extensive intellectual property portfolio utilizing a proprietary pressure platform, nanotechnology and advanced delivery systems, plans to disrupt a number of major world markets. These include the international cosmetics market, projected to reach $758 billion by 2025 (http://cnw.fm/C6zx6); the global agricultural technology and products market, projected at $729 billion by 2023 (http://cnw.fm/mZlF2);  the global biopharmaceuticals market, expected to reach $389 billion by 2024 (http://cnw.fm/5VCrZ); as well as the U.S. hemp-derived CBD market, anticipated to reach $23.7 billion by 2023 (http://cnw.fm/7uQWM). . . . Cannaworx’s diverse portfolio of products and intellectual property was developed by its founders Bobby Ghalili, DMD, and Adrienne Denese, MD, PhD. Ghalili and Denese bring extensive medical expertise and product innovation into the newly combined public company. They have an impressive multiyear track record of developing and selling personal-care and nutrition products.”

To view the full article, visit http://cnw.fm/m9tyD

About Pressure BioSciences Inc.

Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life-sciences industry. The company’s products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure-cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented, enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). PBIO’s primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the biopharma contract services sector, and (2) the use of its recently patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and (ii) prepare higher-quality, homogenized, extended shelf-life or room-temperature, stable, low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company’s website at www.PressureBiosciences.com.

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 – Cannabis Global, Inc. (MCTC) Begins Distribution of Unique THC-V Coffee and Tea Products

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, today announced that it has completed product development and has begun distribution of its unique tetrahydrocannabivarin (“THC-V”) coffee and tea products to product beta testers. According to the update, the company has integrated three internally developed technologies into the unique manufacturing process for the industry’s first THC-V beverages. Pending full release of the products, Cannabis Global has implemented a 30-Day beta testing period, during which production for general release will continue. “Our unique infusion and production technologies provide Cannabis Global with a product purity advantage as well as a clear path to low cost leadership,” Cannabis Global CEO Arman Tabatabaei said in the news release. “The THC-V cannabinoids are synthesized and entirely free of impurities. While there were some upfront technology development and intellectual property protection costs, we expect our ongoing variable production costs to be less than half of any potential competitor. Via our technologies, we turn one of the cannabis industry’s most expensive items – pure THC-V cannabinoids – into a cost-effective solution that sets a new standard for product purity in the cannabinoid-based products marketplace.”

To view the full press release, visit http://cnw.fm/3CuQo

About Cannabis Global, Inc.

Cannabis Global, Inc., formerly known as MCTC Holdings, Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission, trading with the stock symbol MCTC. 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. The company 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 is Project Varin early in 2020, to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (“THC-V”) and to develop products based on this cannabinoid. For more information, visit the company’s website at www.CannabisGlobalInc.com.

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

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 – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Q1 2020 Results, Remains on Track to Reach Milestone

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Tuesday announced its financial results for the first quarter of 2020 ended March 31, 2020. Among the highlights, the company reported a 27% year-over-year increase in revenue to $3.06 million and indicated that it is on track to reach its operational cash flow positive milestone. “I am proud of the resilience demonstrated by everyone on the team in the face of the global pandemic. With safety as our top priority, we have quickly adapted our processes, allowing our operations to continue running smoothly and uninterrupted to ensure that we meet the needs of our patients and consumers,” TGOD CEO Brian Athaide said in the news release. “I am also satisfied with the progress we have made on bringing innovative new products to market and expanding distribution. TGOD remains on track to becoming operational cash flow positive later this year.”

To view the full press release, visit http://cnw.fm/8Jat2

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next‐generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information, visit the company’s website at www.TGOD.ca.

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

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 – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) to Release Q1 2020 Results, Host Conference Call on May 28

Plus Products (CSE: PLUS) (OTCQX: PLPRF) on Tuesday announced that, following market close on Thursday, May 28, the company will report its financial and operational results for the three months ended March 31, 2020. The company will also be hosting a conference call and webcast to discuss the financial results, as well as recent corporate highlights, on May 28 at 5:00 PM ET. At the end of the call, Plus Products co-founder and CEO Jake Heimark and CFO Jon Paul will be conducting a question and answer session. To join the call, dial (866) 220-4156 for the toll-free line or (864) 663-5231 for the international line and request the Plus Products Earnings Call or provide the conference ID: 4754548. The call will also be webcast at http://cnw.fm/pjF2F. The company suggests visiting the website 15 minutes prior to the call to register, download, and install any necessary audio software. Additionally, an archived audio webcast of the conference call will be available for replay on the company’s website.

To view the full press release, visit http://cnw.fm/Mh4Mk

About Plus Products

PLUS is a cannabis and hemp 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, California. 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

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 – Utah Treasurer and AG Back Cashless Marijuana Transactions

Federal prohibition has been a massive thorn in the state legal marijuana industry’s side for years, and the coronavirus pandemic has made this abundantly clear. Despite cannabis being declared an essential service by most states with legal cannabis programs, businesses in the sector have been subject to federal restrictions that have made it nearly impossible to operate safely in these trying times. Aside from being denied access to relief funds dispensed by the federal government, marijuana businesses do not have access to the banking system, forcing them to operate on a cash only basis.

This not only puts them at risk of theft and crime, but it also puts staff, customers and anyone who comes into contact with the money at risk of being infected by the coronavirus. For months, advocates have implored lawmakers to correct this and grant cannabis-related businesses access to the banking system. Utah seems to be headed in that direction after state Attorney General Sean Reyes and Treasurer David Damschen called on Congress to pass a bill allowing marijuana-related businesses to access the banking system.

“Utah worked hard to find a sensible, humane and balanced approach to medical marijuana policy. But current federal law prevents access to insured financial institutions for businesses in this industry. That creates significant practical and public safety issues for both the general public and for Utah businesses operating legally in the medical cannabis space,” Reyes says. In a letter signed by 34 state attorney generals, he urged Congress to support the Secure and Fair Enforcement (SAFE) Banking Act, stating that it would help the state’s newly up-and-running medical cannabis dispensaries.

“The inability of insured financial institutions to handle cannabis-related transactions has forced businesses and governments throughout the U.S. to resort to cash to settle transactions. This represents an enormous public safety issue, including risk of violent crime, fraud and theft. Providing regulated and insured financial services to cannabis businesses allows law enforcement, and specifically the Financial Crimes Enforcement Network [FinCEN] within the U.S. Department of Treasury, the transparency needed to distinguish legal cannabis businesses from illegal activity,” says Treasurer Damschen.

The letter to Congress states that the “COVID-19 pandemic has sharply focused the need for legislative relief in three key areas. First, threats to public safety caused by a cash-intensive business model, often the target of criminal activity, have intensified in the months since the pandemic began. Next, the presence of large cash transactions places law enforcement, tax regulators, customers and patients at risk of exposure to the virus. Finally, the ability to efficiently collect tax revenue from the marijuana industry, estimated to have generated $15 billion in sales in 2019, will provide critical relief for state and local governments predicting budget shortfalls due to the pandemic.”

Analysts believe that the entire cannabis industry, including companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF), hope the SAFE Banking Act will soon be enacted into law so that cash transactions in the sector become a thing of the past.

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 – Italian Supreme Court Confirms Personal Marijuana Cultivation is Legal

In a landmark decision that triggered anger from the country’s conservatives and calls for further legalization from cannabis advocates, Italy’s Supreme Court has ruled that small scale domestic cannabis cultivation is legal. On December 19, the Court of Cassation was called on by the Supreme Court to give a clear interpretation of the Consolidated Law, the legal framework for dealing with drugs in the country. However, its interpretation of the law, stating that personal cultivation of small amounts of cannabis is legal, went under the radar until after Christmas.

Since 2014, Italy’s law has provided a distinction between softer and harder drugs, with personal possession of softer drugs, like cannabis, incurring a penalty of 1-3 months administrative punishment and harder drugs incurring a penalty of 2-12 months. The Consolidated Law of 1990 made the cultivation and sale of marijuana illegal, and it is punishable under the same system of hard and soft drugs. Over the years, however, different legal cases handled through the system generated contrary decisions, and the law was brought to the Supreme Court and Court of Cassation’s attentions for clarification.

The court declared that the crime of growing narcotics should exclude “small amounts grown domestically for the exclusive use of the grower.” Although it is not clear what amount of cannabis constitutes small scale cultivation, the ruling comes from a case where the offender possessed the plants. “The court has opened the way, now it’s up to us,” said Matteo Mantero, a senator from the co-ruling 5-Star Movement who presented an amendment to the 2020 budget calling for legislation and regulation of domestic cannabis use. However, it was ruled inadmissible by the senate speaker from Silvio Berlusconi’s conservative Forza Italia Party.

The law has been met with stiff opposition from the country’s conservatives, with most conservative lawmakers stating they would squash the ruling if the opportunity arose. “Drugs cause harm, forget about growing them or buying them in shops,” said Matteo Salvini, leader of the right-wing League Party, referring to the proliferation of shops selling low THC cannabis in Italy. According to Maurizio Gasparri, a senator from Forza Italia, which is allied to the League, the center right coalition would, if it came to power, “will cancel the absurd verdict of the court.”

It would be interesting to hear what North American cannabis companies like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) have to say about the best way for the Italian lawmakers to reach a compromise on the verdict of the Supreme Court.

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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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CannabisNewsBreaks – SinglePoint, Inc. (SING) Attributes Majority of 300% Revenue Growth to Direct Solar Acquisition, Q4 Projects

SinglePoint (OTCQB: SING) today announced the filing of its quarterly financials for the period ending March 31, 2020. According to the update, the company reported total sales of $1,075,222, representing a 300% increase compared to the same period in 2019. SinglePoint attributes the majority of the revenue to the acquisition of Direct Solar America and the backlog of projects developed throughout Q4. “Direct Solar America and our consumer product 1606 Original Hemp are both gaining traction and revenue growth,” Greg Lambrecht, CEO and chairman of SinglePoint, stated in the news release. “We continue to analyze and to take actions to transform and realign our business opportunities and we remain bullish on the long-term ability for the company to grow revenues, improve the balance sheet and increase shareholder value.”

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About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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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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