420 with CNW – Supreme Court Grants Mexico Legislature a Marijuana Legalization Deadline Extension

Aside from grinding most economies to a halt, the Coronavirus pandemic has severely impacted drug legalization campaigns all over the world. The scene in Mexico wasn’t much different. Legislators had been working on marijuana legalization when efforts to curb the spread of the virus made it impossible for them to complete the bill by the original April 2020 deadline.

However, the Mexican Supreme Court has granted a request to extend the deadline for marijuana legalization. This isn’t the first roadblock the legalization bill has run into. It all started when a precedent-setting ruling by the Supreme Court in 2018 deemed the country’s ban on marijuana unconstitutional.

Mexico’s Congress was granted 90 days to repeal its marijuana laws, but it became apparent that the lawmakers wouldn’t be able to make the October 2019 deadline. With lawmakers unable to find a consensus on aspects of the bill, Senate leaders requested an extension. The court approved the request, stating that the circumstances were exceptional and unique and that it took into account the ‘complexity of the matter.’

Unfortunately, the Coronavirus came along and disrupted life as we know it. With most legislative activities put on hold, the chances of the Bill being completed in time became slim. With the new deadline extension, lawmakers will have until December 15, the end of the next legislative session to tackle the marijuana legalization bill.

Despite not being completed, the bill has gone through a lot of work. In early March, Mexican senators circulated a draft bill that contained a series of proposed regulations for a legal marijuana model. Adults 18 years and older would be allowed to possess and cultivate marijuana for personal use.

An individual would be permitted to grow up to 20 registered plants as long as the total yield isn’t more than 480 grams per year. Medical marijuana patients, however, would be allowed to grow more than 20 plants. The bill would also cap personal possession at 28 grams and decriminalize possession of up to 200 grams.

It would establish the Mexican Institute of Regulation and Control of Cannabis, a decentralized body that would be responsible for regulating the market and issuing licenses to marijuana businesses. Cannabis sales would be taxed at 12% and some of the tax revenue would go toward a substance misuse treatment fund.

Additionally, public consumption would be permitted as long as the space isn’t designated as 100% smoke-free.

Experts think the news of the deadline extension didn’t come as a surprise to the cannabis industry, including companies like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), which saw the disruptions of the current pandemic as far-reaching.

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 – 3 Key Reasons Why Medical Cannabis Stocks Are a Good Long-Term Bet

2020 hasn’t been kind to the economy. Last month saw the biggest fall in U.S. stocks since 1987, and analysts insist that the country is almost certainly headed toward a recession. However, one industry that has been able to weather the storm is cannabis.

With most industries shut as part of the coronavirus response, cannabis was lucky enough to be deemed essential. In fact, experts have stated that the sector may even be recession-proof. For investors looking for safer stock options, cannabis, especially medical marijuana, poses an attractive option. Here’s why:

Medical marijuana is essential, and cannabis dispensaries are still allowed to conduct business during the lockdown, provided they exercise caution. States that allow marijuana have even taken extra steps to ensure the sector keeps running as safely and smoothly as possible, such as allowing curbside pickups and home deliveries. Some governors have excluded recreational marijuana from this category, though.

With over 200 million medical marijuana patients in the country, the industry will be sure of steady demand. And with fears of looming drug shortages, the industry may see an influx of even more patients. Philadelphia, for instance, is seeing a surge of new patients, with doctors at the Sanctuary Wellness Institute Fielding approximately 300 calls daily from prospective patients.

Medical marijuana is legal in more territories. Cannabis has admittedly come far from the days of prohibition, but there’s still a long way to go. In the U.S., 30 states permit medical marijuana while only 11 allow recreational marijuana. And apart from Canada and Uruguay, no other country has legalized recreational marijuana.

While there are plenty of marijuana legalization campaigns, it will be years before recreational cannabis is legal at the federal level.

Medical marijuana, on the other hand, is a lot more accepted and has a much wider market, making it a safer investment. And with more research into marijuana’s efficacy as an alternative natural medicine are conducted, you can be sure the consumer base will increase.

Medical marijuana stocks are less volatile. High risk, high reward, right? That works in many instances, but in the case of recreational marijuana, the risk is too great. The more scientific data about the efficacy of medical marijuana there is, the greater the confidence in the industry, resulting in sustained long term sales. Look at GW Pharmaceuticals, for instance.

The UK firm manufactures and sells Epidiolex, an FDA approved CBD-based drug that’s used to treat two rare and severe forms of pediatric epilepsy. Even during this volatile period, the company’s stocks have remained relatively stable, compared to recreational marijuana companies.

It would be interesting to hear what sector players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) have to say about the ways through which the long-term prospects of recreational marijuana can be brought in tandem with those of medical cannabis.

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 – Cannabis Global, Inc. (MCTC) Announces New Line of Cannabinoid Beverage Infusion Technologies and Industry’s First THC-V Tea and Coffee Products

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced a new line of cannabinoid beverage infusion technologies and the industry’s first Tetrahydrocannabivarin (“THC-V”) tea and coffee products. According to the update, the Company plans to begin marketing both the infusion technologies and the tea and coffee products beginning May 1, 2020. “We have completed our product development into combining THC-V and other rare cannabinoids into infusion substrates, which can then be easily added to virtually any beverage or into many foods,” Cannabis Global CEO Arman Tabatabaei said in the news release. “Our first products will be tea bags and single-serving coffee pods. This is a unique and exciting technology we are bringing to the marketplace.”

To view the full press release, visit http://cnw.fm/QtXr4

About Cannabis Global, Inc.

Cannabis Global, Inc. (MCTC) is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs.

More information on the Company can be viewed at www.CannabisGlobalinc.com.

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HempNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Subsidiaries Enter Joint Venture for Large Scale Processing Facility, 2,200 Acres to Grow Hemp in Nicaragua

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc. (the “US Partners”) have entered into an agreement with H&H Coffee Group Export Corp and The Nica Hemp Cooperative, Inc (the “Nicaragua Partners”) to acquire the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The joint venture will utilize the property to erect a large-scale processing facility and to grow hemp on the land. Planned improvements to the property are anticipated to total approximately $30,000,000 dollars, with H&H contributing the 2,200-acre farm with an estimated value of about $10 million. All the capital toward the construction of the project, estimated at $20 million dollars, will be provided by The Nica Hemp Cooperative. Along with its expertise in the hemp business, the US Partners will initially contribute $3,000,000 of extraction equipment to the project. Additionally, the US Partners aim to issue 1.5 million shares of YGYI common stock to the Nica Hemp Cooperative in exchange for a 50% stake in the land and the improvements (having a $30,000,000 estimated value at completion). The US Partners will also issue 5 million warrants with a strike price $1.50 per share to the Nica Hemp Cooperative in exchange for a 75% controlling stake in the hemp grow and oil extraction business, subject to Nasdaq approval. The warrants will be issued when the project is completed and initiates its operations. “This is a very impressive partnership and collaboration between our Hemp Enterprise, our Coffee Enterprise and our very strong and growing strategic business relationship in Nicaragua. We feel that the value of YGYI’s 50% interest in the land and infrastructure at completion of the project along with the assumption that the warrants will be exercised represents a significant premium to our current trading price,” Youngevity president and CFO Dave Briskie stated in the news release.

To view the full press release, visit http://cnw.fm/KJiE9

About Youngevity International, Inc.

Youngevity International, Inc. is a 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 more information, please visit www.YGYI.com.

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HempWireNews (HWN) 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. HNW 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. HempWireNews (HWN) is where HEMP news, content and information converge.

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CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Files New Patent Application for DehydraTECH Technology in Delivery of Antiviral Drugs

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced that it has filed an important new patent application in the United States describing the use of its DehydraTECH(TM) technology for the delivery of antiviral drugs. According to the update, the technology would potentially be used to improve treatment options for viral infectious diseases including COVID-19, MERS, SARS, influenza, herpes, hepatitis and AIDS. “Lexaria’s proprietary drug delivery platform has already proven its effectiveness in the oral delivery of other lipophilic drugs such as nicotine, cannabinoids, and more, with multi-fold increases in both the rate and extent of bioabsorption,” Lexaria President John Docherty said in the news release. “We hypothesize that, once detailed testing begins, DehydraTECH will evidence improvements in the quantity and rapidity with which certain antiviral drugs are able to reach the human bloodstream after oral delivery. This has the potential to make a real contribution in the fight against COVID-19.”

To view the full press release, visit http://cnw.fm/9fGWH

About Lexaria

Lexaria Bioscience Corp. is a global innovator in drug delivery platforms. Its patented DehydraTECH(TM) drug delivery technology changes the way API’s 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 can reduce drug costs for orally administered bioactive molecules including nicotine, vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”) and other molecules. Lexaria has licensed DehydraTECH to multiple companies for use in various oral application formats, including to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a federally 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.

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420 with CNW – Ohio Eases Medical Marijuana Purchase Restrictions

The state of Ohio has eased some of its medical marijuana restrictions after repeated complaints that the current system made it difficult for patients to get their medicine when they needed it. The need for a system that works for the patients was further underscored by the danger posed by the Coronavirus pandemic. It forced people to leave the confines of their homes more often than they would have liked, putting them at a greater risk of contracting the virus.

Most medical marijuana patients have weakened immunities due to advanced age and/or serious medical conditions, and they are the last people who should be out and about. State regulations limit patients to a 90 day supply, but soon after the state’s medical-marijuana program picked up some steam, patients noticed something.

They ‘lost’ the days they hadn’t purchased any medical marijuana. So if a patient went to the dispensary on day 30, they would only be able to buy 60 days’ worth of marijuana, effectively losing the first thirty days’ worth. Additionally, any purchases made in the last 90 days were subtracted as patients had to wait for purchases to ‘fall off’ after 90 days before they could purchase more.

On top of that, the patient portal showed an inaccurate number of remaining days, resulting in a system that prevented customers from getting the 90 days’ worth of marijuana they were entitled to.

“I can go for several weeks without buying anything from my local dispensary. Meanwhile, my 90-day purchasing window is getting smaller,” says Ted McLaughlin, a Vietnam War veteran.

“Under the old purchase limits, I had to take several trips to my dispensary in Cleveland rather than being able to stock up all at once,” he says. Patients won’t have to worry about that now after the state made the rules less restrictive.

A patient will now be able to buy 45 days’ worth of products at any point in a 45 day period. And unlike in the previous system, they won’t lose their unpurchased days. Additionally, they won’t carry over to the next period. So if a patient goes to the dispensary on day 30, they can buy 45 days’ worth of marijuana, come back on day 46 and purchase another 45 days’ worth.

“We hope this will provide greater transparency for patients, caregivers, and dispensary employees while still taking steps to ensure patients do not possess more than a 90-day supply as stipulated in the Ohio Revised Code,” says Pharmacy Board spokesman Cameron McNamee.

These changes are likely to be welcomed by the entire marijuana industry, including Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), since it has always been a goal of the industry to serve patients in the best way possible, and Ohio’s reforms do just that.

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 – How Criminalizing Marijuana is Undermining COVID-19 Response Efforts

The Coronavirus crisis has shown just how unprepared we all were for a pandemic. To be fair, though, the last time we faced something quite like this was 100 years ago. The most we can do now is try to mitigate the spread of the virus and pick up the pieces when we emerge on the other side.

At the moment, the federal and state governments have implemented various policies to help flatten the curve and reduce the virus’s impact. These range from promoting self-isolation and social distancing to closing down all but the most essential businesses. However, according to Steve Hawkins, Marijuana Policy Project Executive Director, one public policy that will ultimately undermine the Coronavirus response is marijuana criminalization.

Although some police departments and prosecutors have already determined that prosecuting low-level offenses such as cannabis possession is counterintuitive and puts police, prosecutors and the public at risk, there have been news reports that indicate arrests for marijuana possession have continued.

“As governments work to minimize the negative impacts of COVID-19, it’s clear that punitive cannabis laws and unnecessarily strict regulations serve as far more of a hindrance than a help,” he says. It greatly increases the risk of exposure to the virus for both the users and law enforcement personnel.

Hawkins stresses that keeping the virus out of the country’s infamously overcrowded prisons should be a top priority, especially given how quickly it would spread within the inmates. “It would be a disaster if the Coronavirus becomes prevalent in America’s overcrowded jails and prisons,” he says.

“Criminal justice reform organizations have called for the release of low-risk inmates such as those convicted of cannabis offenses. This step should be taken as swiftly as possible to protect all staff and inmates at correctional facilities.”

The virus has also had a catastrophic effect on the economy, with more than 20 million Americans losing their jobs in a little over a month. Most experts project tough times ahead, with the IMF stating that the crisis is the worst economic decline since the Great Depression of the 1930s.

The state-legal cannabis sector employs more than 200,000 people, a lot of whom are still working after cannabis was deemed essential. The industry could help kickstart the economy through tax revenue as well as by providing gainful employment.

“As we all take time to re-evaluate our nation’s public policy priorities, cannabis and criminal justice should be more important parts of the conversation,” states Hawkins.

“Policymakers, including state legislators, governors and members of Congress, should take advantage of this opportunity to acknowledge that cannabis prohibition does not protect public health and safety, and they should support enacting reasonable policy alternatives on both a temporary and permanent basis.”

Experts think the cannabis industry, including players like Round Meadow Holdings Corp. and Sugarmade Inc. (OTCQB: SGMD), shares the sentiments expressed by the head of the Marijuana Policy Project.

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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The Economic Cost of Not Legalizing Marijuana in the U.S.

The possible benefits of states legalizing marijuana are clear from tax revenues collected by states that have legalized it. Besides increased revenues, legal marijuana provides jobs all through the value chain. Failure to legalize weed creates bottlenecks that impede the full exploitation of the potential benefits the marijuana industry affords the economy. Prohibition also causes governments to spend money on enforcement. The following are some details on what the U.S. is losing, and the good marijuana revenue can do.

How much is the U.S. losing each year by opposing marijuana legalization?

According to research, the Federal Government lost $25.64 billion in forfeiture of revenue and in the money spent on enforcing the ban. The country lost, even more, when the losses incurred by individual states were factored in as the states lost $10.05 billion. These losses at the state level also include the money lost in tax revenue and the amount spent in the enforcement of the prohibition.

The composition of these losses may have shifted between loss of revenue and enforcement costs since 2016. The shift would have been occasioned by a change in the general attitude towards marijuana. The drug is now more popular with consumers and more acceptable with authorities. It follows, therefore, that more people are buying it, and this increases the tax revenues it generates. This shift also means that more governments don’t consider enforcing marijuana ban a law enforcement priority, and they, therefore, save on the cost of prohibition. Despite these shifts in dynamics, the amount of losses incurred could only have increased over time.

How can we spend $53 billion?

The $53 billion lost due to governments’ insistence on banning marijuana is a very substantial amount of money that could have a positive impact on many lives. To put it into perspective, we can have a look at some of the things this amount of money can do.

  • Coronavirus is the most significant public health headache at the moment, with more than two million cases confirmed to date. The average cost of treating a COVID-19 patient is $1,425.  $53 billion could, therefore, fund the treatment for 37,354,386 patients.  This might very well be all the people who will ever be infected by the virus, and it would be a welcome Coronavirus-marijuana interaction.
  • Wearing face masks and sanitizing hands are among the actions in the first line of defense for the prevention of COVID-19. According to a USA Today’s report on March 3th, two bottles of 12 ounces’ sanitizer cost as much as $149. $53 billion is enough to buy about 356 million pairs of bottles of sanitizer, which is enough sanitizer to reach every American.  Concerning facemasks, the money can buy 134 million boxes of 20 masks each. There are more than enough masks to reach every single person in the country.

The money can also provide health insurance and food to a substantial number of people who may have lost their livelihoods due to the virus.

Marijuana tax revenue distribution: Some prime examples

The states that levy taxes on marijuana usually have laws governing how they spend the revenue they collect from marijuana. The following are some highlights on how some select states have appropriated marijuana revenues.

  • Alaska: Alaska marijuana law demands that the state should deploy 50% of marijuana revenues to the Alaska Department of Administration. 25% more is to be used on marijuana education for the general public and in schools.  The remaining 25% of revenues are supposed to be deposited to the general fund, where it is spent at the discretion of the state legislature.
  • California: The bulk of California’s collections from marijuana goes to the youth anti-drug programs at 60%. The remaining 40% is divided equally between Public Service Management and environmental conservation.
  • Oregon: Oregon allocates 40% of its proceeds from marijuana to K-12 education. 20% is dedicated to mental health and treatment for addiction, while 15% and 5% go to the police and states authority respectively for the prevention of drug abuse.

– This article was provided by Dwight K. Blake, Editor in Chief of AmericanMarijuana.org

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 Global, Inc. (MCTC) Offers Hemp You Can Feel(TM) Discounts for 420 – Traditional Cannabis Culture Celebration Day

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced special online discount codes for purchases of Hemp You Can Feel(TM) Coffee on April 20 – the traditional cannabis culture celebration day. According to the update, purchases of all products using code ALLUNITED will yield 25% off all products at the www.HempYouCanFeel.com website. “This is a unique product line based on what we believe to be the most bioavailable infusion technologies in the marketplace,” Cannabis Global CEO Arman Tabatabaei stated in the news release. “The organic coffee is super-premium and sourced directly from South America, and we supervise the roasting, grinding and packaging on-site. But, there is a lot more to the Hemp You Can Feel(TM) coffee story. We have been able to achieve true water solubility without using chemicals or any of the unsophisticated, chemical laded nano-emulsions that are currently being widely used. Our unique combination of hemp extracts produces a coffee product that really needs to be experienced to fully appreciate. Thus we are running these special promotions this week only with immediate shipping, so that consumers can enjoy this unique coffee product.”

To view the full press release, visit http://cnw.fm/Vp4Uh

About Cannabis Global, Inc.

Cannabis Global, Inc. (MCTC) is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs.

More information on the Company can be viewed 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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420 with CNW – Recreational Cannabis Advocates in Massachusetts Launch Legal Challenge Against “Non-Essential” Categorization During Lockdown

No one would ever have thought the new decade would dawn like this. Three months into the year, a novel Coronavirus that originated from Wuhan, China has infected over 2 million people and claimed at least 120,000 lives. Experts say the virus could end up infecting over 70% of the world’s population.

Once the gravity of the situation settled in, governments were scrambling to prevent the virus from spreading within their borders. One by one, they ordered lockdowns, requiring people to stay indoors unless they absolutely have to leave, and all but the most essential businesses have had to shut down. In most states that allow marijuana, medical and recreational marijuana were classified as essential businesses.

However, the state of Massachusetts classified recreational pot shops as non-essential, with officials stating it was to prevent out of state individuals from coming in and congesting the shops. A group of marijuana advocates has subsequently challenged Governor Charlie Baker’s order to close the recreational shops.

According to Northeastern University Law Professor Daniel Medwed, the basic legal argument was that for some people, recreational marijuana is as essential as going to the grocery or the pharmacy and that people use and rely on it to manage pain and ease anxiety.

“Some people, especially military veterans, are fearful that if they obtained a formal medical marijuana license that could jeopardize their receipt of federal benefits as marijuana is still illegal at the federal level. So they opt for recreational marijuana to help cure what ails them,” he says.

The advocates, consisting of five recreational marijuana companies and a military veteran who uses marijuana for pain relief, are asking for a declaration from the court that recreational marijuana is essential and an order preventing the governor from keeping the businesses closed. They insist they can implement social distancing, and other sanitization precautions used by liquor and medical marijuana stores.

Medwed suggested restricting access to both medical and recreational dispensaries to Massachusetts residents to prevent out of state infections, which was one of the Governor’s main issues. However, he conceded that the chances of the suit being successful were quite low, stating that the court wouldn’t want to set a precedent that would allow other industries to contest their ‘non-essential’ status.

It seems his prediction was spot on after a judge ruled that Governor Baker did indeed have the authority to close recreational marijuana stores. “It seems reasonable for the governor to be concerned that the relatively few recreational marijuana stores are going to attract high volumes of customers including people traveling from other states,” stated Superior Court Judge Kenneth Salinger.

This court ruling is likely to have come as a disappointment to sector players, such as SinglePoint Inc. (OTCQB: SING), who realize that lots of people who have been benefiting from the closed pot shops will now suffer additional hardships during the lockdowns.

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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