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

CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Expands Special Advisory Committee with Appointment of University of Toronto Clinical Advisor, Pharmacognosist

Champignon Brands (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a human optimization sciences company focused on applying novel and natural treatment protocols to address a broad range of disorders and deficiencies with an emphasis on psychedelic medicine, today announced continued augmentation of its Special Advisory Committee with the addition of key individuals experienced in highly regulated industries primed for rapid growth. To this accord, the Company announced the appointment of Jay Kheita, ACPR, to its Special Advisory Committee, where he will help lead the integration of Champignon’s novel and natural treatment protocols into its existing consumer packaged goods (“CPGs”) portfolio. Khetia holds pharmacy licenses in Canada, Australia and England and an honors degree in pharmacy specializing in pharmacognosy, the study of medicinal plants, from the University of Brighton. He is also a founder of AltMed Capital Corp., a leading Canadian psychedelic medicine clinic operator, IP aggregator and solutions provider, and is currently a clinical advisor at the Leslie Dan faculty of pharmacy at the University of Toronto. “We are pleased to welcome Jay to Champignon’s Special Advisory Committee, where he will function as a cornerstone advisor throughout our pursuit to develop and deploy precision medicine focused formulations and delivery systems,” Champignon CEO Gareth Birdsall stated in the news release.

To view the full press release, visit http://cnw.fm/PBj4G

About Champignon Brands Inc.

Champignon Brands Inc. is a research-driven company specializing in the formulation of a suite of medicinal mushrooms health products, as well as novel ketamine, anaesthetics and adaptogenic delivery platforms for the nutritional, wellness and alternative medicine industries. Via its vertically integrated alternative medicine product range, Champignon 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 pre-clinical 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://cnw.fm/SHRM

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 – VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) Announces Q4 and Full Year 2019 Results

VIVO Cannabis (TSX: VIVO) (OTCQX: VVCIF) on Monday released its year end and fourth quarter 2019 financial and operating results. Among the highlights, the Company reported a 139% year-over-year increase in revenue, with 7% increase in SG&A expenses, successful launch of initial Cannabis 2.0 products, as well as accelerated growth into Q1 2020. “During the fourth quarter of 2019, VIVO continued to execute on our strategy, recording revenue growth, sustaining top-tier prices for our premium products, and executing a successful launch of Cannabis 2.0 products,” VIVO CEO Barry Fishman stated in the news release. “We have maintained a disciplined and fiscally prudent approach, including taking key actions to navigate through the current COVID-19 pandemic. Going forward, we see several positive catalysts which are expected to deliver profitable growth, including production expansion, distribution channel development, entry into high-growth international markets, and the development and launch of innovative products and services. We are also pleased to be experiencing increased sales in Q1 2020, supported by our medical and Cannabis 2.0 products.”

To view the full press release, visit http://cnw.fm/o6jkL

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), 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.

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

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420 with CNW – Arizona 2020 Marijuana Legalization Plans Still on Course Despite Coronavirus

Three months after the Coronavirus emerged in Wuhan, China, it has infected over 700,000 people and left at least 30,000 dead in its wake. The world hasn’t faced anything like this since the Second World War, and governments everywhere are struggling with containment efforts. All non-essential businesses are shut down, and people are advised to stay indoors unless it’s absolutely necessary to head out.

However, while the effect of the Coronavirus pandemic and the resulting lockdowns on the economy is catastrophic, they aren’t limited to the economy. One area that has taken a particularly hard hit is drug policy reform efforts across the country, including marijuana. In an environment where close contact with another person is likely to give you a life-threatening disease, collecting signatures doesn’t seem very smart.

Activists have asked officials to allow digital signature gathering to allow petitions to be signed online. Arizona marijuana activists, however, don’t have to worry about that after it was revealed that they have more than enough signatures to put marijuana legalization policies on the state ballot. According to The Smart and Safe Arizona, its campaign to legalize cannabis for adult use collected more than 320,000 signatures which are about 80,000 more than is required.

“We’re confident that we’re over the number that we need. We got started collecting signatures on Labor Day last year so we’re in a position where not much has changed. We were significantly ahead of where we planned to be for signatures, and we have until July 2 to continue to gather,” said Campaign Manager Stacy Pearson.

With enough signatures, the state is on track to put recreational marijuana legalization to the 2020 ballot. The initiative would permit individuals 21 and older to buy up to one ounce of cannabis from licensed retailers. They will also be allowed to plant up to six marijuana plants for personal use. Under the measure, marijuana will be taxed 16% and the revenue will be used to fund community colleges, infrastructure, justice reinvestment, and public services.

It also contains several restorative justice provisions including allowing individuals with prior marijuana convictions to petition the courts to expunge their records and establishing a social equity program. The Department of Health Services would be in charge of running the recreational marijuana program and issuing cannabis business licenses.

“We know that voters in Arizona want a taxed, tested, regulated market for legalized marijuana,” says Pearson.

This is one piece of good news that the cannabis industry, including ChineseInvestors.com Inc. (OTCQB: CIIX), is likely to welcome at this time when the sector is facing unprecedented difficulties triggered by the COVID-19 outbreak.

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 – Colorado Kickstarts Marijuana Home Deliveries

In May 2019, Colorado Governor Jared Polis passed a bill that allowed home delivery for medical and recreational marijuana. The move was lauded by reform advocates and industry representatives who said it was a major step in the right direction for the state’s marijuana industry. The legislation granted licensed medical cannabis shops permission to deliver marijuana to their patients from January 2020, while recreational deliveries to adults 21 and older will start in January 2021.

This month, the state issued the first marijuana delivery license to Boulder-based medical cannabis dispensary The Dandelion, which is owned and operated by retail chain Native Roots. Ironically, the timing was purely coincidental and had nothing to do with the Coronavirus pandemic that’s currently wreaking havoc across the world.

“The timing is a total coincidence, but it’s timely. Medical delivery is really another option for patients to utilize social distancing,” says Sharon Fender, Director of Public Affairs for Native Roots. The virus is transmitted through droplets when an infected person coughs or sneezes, and medical experts state that social distancing and self-isolation are the best way to prevent new infections.

Authorities have been implementing Coronavirus measures meant to curb its spread, and all businesses except the most essential have to be shut down. Numerous states have included cannabis retailers in this group, and most of them have been looking into home deliveries and curbside pickups to reduce contact between customers.

The Dandelion’s delivery service will be available to patients living in either Boulder or the nearby town of Superior. They also have to be registered with the dispensary, and Native Roots has stated that it is ‘looking into a compliant, remote solution for patient registration’ for patients looking to sign up.

There is a $100 minimum purchase, and in accordance with advice from medical experts, the dispensary is advising customers to pay with debit cards and avoid cash changing hands.

At the moment, the world is on high alert as the Coronavirus pandemic throws systems that were in place for decades into disarray. Many economies are already showing the strain as businesses have been forced to shut down and millions rendered unemployed. Three months after appearing in Wuhan, China, the virus has infected over 700,000 individuals and left at least 30,000 dead. Home deliveries will help businesses stay afloat and allow people to buy what they need without compromising their health.

“The state rightfully prioritized the medical patient community for cannabis delivery, many of whom suffer from serious illnesses, pain and mobility issues. With permission from both municipal and state legislators, we are excited to begin the first-ever legal cannabis delivery service in Colorado. We are hopeful other jurisdictions will follow their lead and opt into medical delivery as soon as possible,” says Fender.

Experts see this commencement as yet another way through which the cannabis industry is contributing to limiting social contact at this time when the Coronavirus pandemic is raging. Sector players like SinglePoint Inc. (OTCQB: SING) are believed to be urging their customers to take advantage of every opportunity to receive consumer products in their homes without having to move out and risk being exposed to COVID-19.

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CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Enters Definitive Agreement to Acquire Tassili Life Sciences Corp.

Champignon Brands (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a health and wellness company specializing in the formulation of medicinal mushrooms health products and novel delivery platforms for the pharmaceutical and nutraceutical industries, today announced its entry into a definitive agreement to acquire Tassili Life Sciences Corp. Per the update, the move will expand the Company’s preclinical trial pipeline, as well as its aggregation of broad intellectual property (IP) related to the development of novel psychedelics therapeutics and their delivery systems, targeting multiple pathological psychological diseases. Tassili has partnered with a multidisciplinary team of scientists and physicians at the University of Miami to develop effective psilocybin-based therapeutics for the treatment of mild traumatic brain injuries (“mTBI”) and/or post-traumatic stress disorder (“PTSD”). “Mild traumatic brain injury, especially concussion, is a significant cause of morbidity worldwide,” Dr. Michael Hoffer, professor of otolaryngology and neurological surgery at University of Miami’s Miller School of Medicine, stated in the news release. “What many do not realize is that TBI often occurs alongside PTSD. Up to 40% of people impacted by mTBI, a head injury causing a temporary change in mental status or consciousness, or TBI in general, also suffer from PTSD. This combination of mTBI and PTSD is even more common in U.S military members and presents a vast patient population to service and potentially heal with our novel therapeutics under development.”

To view the full press release, visit http://cnw.fm/b3JCA

About Champignon Brands Inc.

Champignon Brands Inc. (CSE: SHRM) is a research driven company specializing in the formulation of a suite of medicinal mushrooms health products, as well as novel ketamine, anesthetics and adaptogenic delivery platforms for the nutritional, wellness and alternative medicine industries. Via its vertically integrated alternative medicine product range, Champignon is pursuing the development and commercialization of rapid onset treatments capable of improving health outcomes for indications such as depression and Post Traumatic Stress Disorder (“PTSD”), as well as substance and alcohol use disorders. 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://cnw.fm/SHRM

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Announces Receipt of Health Canada License Amendment for Ancaster Processing Facility

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced its receipt of Health Canada’s approval for the licensing of the final component of its Ancaster site, the processing facility. According to the update, the license amendment includes approval of a state-of-the-art production facility designed to support processing activity that includes dedicated spaces for packaging of flower, oils, pre-rolls, and several Cannabis 2.0 products. “Receiving this license amendment was a key element of our 2020 operating plan. We made significant investments in this state-of-the-art facility, and now that it is fully licensed, Ancaster can finalize the ramp up of its production capacity,” TGOD CEO Brian Athaide said in the news release. “The processing facility reduces our reliance on third parties for packaging, secured storage, and for our next wave of 2.0 product launches. Beyond the successful launch of our TGOD Infusers, we are planning to launch a series of differentiated consumer packaged goods, including organic teas and vapes in Q2, as well as edibles, beverages and topicals later this year.”

To view the full press release, visit http://cnw.fm/k88sC

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 are being built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching 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.

TGOD’s Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively. For more information on The Green Organic Dutchman Holdings Ltd., please visit 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

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420 with CNW – Research Shows Cannabis Could Be a Potent Antibacterial

As the novel Coronavirus tears through most continents on the planet, one thing that’s become increasingly clear is that we have dropped the ball on hygiene. The disease is transmitted through droplets expelled from an infected person due to coughing or sneezing, and just a few months since it first appeared in Asia, it has caused quite some damage. More than 400,000 have been infected, and governments are imploring residents to practice social distancing coupled with constant and thorough hand washing to curb its spread.

The World Health Organization (WHO) recently announced that antibiotic-resistant bacteria may claim over 50 million lives by 2050, and this brings into question the availability and viability of alternative antibacterial options like cannabis.

Although the plant is still illegal at the federal level, there have been several studies into its medical capabilities. It produces a group of unique chemicals called cannabinoids, and they hold most of its medical potential. The most prevalent ones are THC, the psychoactive chemical responsible for marijuana’s high and cannabidiol (CBD), which is probably the most medically potent cannabinoid we know of at the moment.

Previous studies have found cannabis to be especially good at clearing bacteria, with a January 2020 study published in the Cureus Journal finding that it cleaned plaque better than over the counter hygiene products.

“Cannabinoids have the potential to be used as an effective antibacterial agent against dental plaque-associated bacteria. Moreover, it provides a safer alternative to synthetic antibiotics to reduce the development of drug resistance,” the researchers wrote.

Another study by the University of Queensland’s Institute for Molecular Bioscience’s Center for Superbug Solutions in Australia into cannabis’ antiseptic properties found that it was not only a potent anti-inflammatory but also has potential as an antibiotic. Researchers concluded that “cannabidiol was remarkably effective at killing a wide range of Gram-positive bacteria, including bacteria that have become resistant to other antibiotics and did not lose effectiveness after extended treatment.”

Brandon Novy, a microbiology researcher at Reed College in Portland also presented a similar CBD focused study that found cannabidiol has the potential to fight gram-negative infections. Given WHO’s prediction of antibiotic-resistant bacteria, he believes these findings warrant more attention.

“Given cannabidiol’s documented anti-inflammatory effects, existing safety data in humans and potential for varied delivery routes, it is a promising new antibiotic worth further investigation. The combination of inherent antimicrobial activity and potential to reduce damage caused by the inflammatory response to infections is particularly effective,” says Dr. Mark Blaskovich, lead researcher of the University of Queensland’s study.

It is widely believed by analysts that industry players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) aren’t surprised by the research indicating cannabis’ antimicrobial properties, and more is yet to be discovered about this versatile plant.

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420 with CNW – Oklahoma Medical Marijuana Businesses Start Feeling the Pinch of Coronavirus

Medical marijuana businesses in Oklahoma have been left in a lurch after finding out they don’t have access to disaster relief funds to help cushion them from the Coronavirus’ economic fallout. And as more regions go into lockdowns to curb the spread of the disease, they have started feeling the pinch of reduced demand and sales.

Dubbed COVID-19, the virus first appeared in Wuhan, China late last year. A few months later, more than 400,000 have been infected and at least 20,000 have been left dead in its wake. It is a pandemic like we’ve never seen before, and experts say up to 70% of the world’s population may end up infected by the virus.

To prevent its spread, countries all over the world have started going into lockdowns, shutting down all but the most essential businesses and instructing residents to stay indoors and leave for only the most pressing reasons. While this will ultimately curb the spread of the Coronavirus, it has had adverse effects on the economy.

To help keep businesses from going under, the government has prepared a disaster relief fund, and through the federal Small Business Administration (SBA), it will disperse these monies to eligible businesses. Sadly, marijuana businesses don’t fall within this category.

John Koumbis, for instance, runs JKJ Processing, a company dedicated to making medical marijuana edibles, and he feels like his business and his patients’ quality of life are hanging in the balance. “Senior citizens, military, people with PTSD, high anxiety, how are we going to take their medicine to them?”

This is especially worrying as Oklahoma doesn’t allow the delivery of marijuana within its borders. “I’ve made 11 calls to the OMMA and the legislature, and I’m not getting any response,” he says, adding that if the state goes into lockdown, his business and others like it aren’t going to get anything.

Daniel Carnes, owner of Mary Jane dispensary in Moore is also worried as he has received little guidance from the authorities. However, like all other businesses, they have to comply with the Coronavirus related measures set forth by the state, and this will undoubtedly have a negative effect.

“At this time, I have not received any type of a memo or notification, other than much like other businesses to follow the protocols set forth by the governor,” he says.

To the governor, he says, “You’re leaving 270,000, more than quarter-million people in your state unattended to, and without any type of answers and no idea of what the future may hold.”

Experts say that the message about the 270,000 patients whose wellbeing hangs in the balance in Oklahoma is exactly similar to what other cannabis industry players, such as Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), are all concerned about wherever they have clients.

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CannabisNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) New Operating Structure to Boost Efficiencies, Promote Long-Term Growth

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) continues to grow its portfolio as it identifies new opportunities that align with its mission to cultivate the world’s best cannabis and be recognized as a leader in the global industry. An article discussing the company reads, “To support its plans for long-term growth and to drive efficiencies, Supreme Cannabis Company recently implemented a new operating structure. As part of this new structure, the company has expanded distribution of its 7ACRES brand through an enhanced retail-sales strategy and partnership with humble+fume Inc., one of North America’s leading distributors of cannabis accessories. Through this partnership, Supreme Cannabis plans to create the only sales force in Canada able to offer a complete solution of recreational cannabis brands and accessories to retailers. . . . ‘With the number of retail stores in Canada quickly growing and cannabis consumers making their purchase decisions in store, having representation at the individual store level provides an essential opportunity for our business to drive near-term revenue growth and support our transition to a cannabis CPG company,’ Colin Moore, recently appointed director and interim president and CEO of Supreme Cannabis, stated in a news release (http://cnw.fm/6RluT). ‘Our partnership with humble+fume allows us to realize industry-leading sales coverage and focus our sales and marketing efforts at the most impactful stage of the cannabis consumer’s journey. We enter the second half of 2020 focused on the opportunity to address the Canadian market with competitive consumer brands supported by an unmatched sales force.’”

To view the full article, visit http://cnw.fm/qc7nI

About Supreme Cannabis Company Inc.

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

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

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420 with CNW – Federal Agency Says Cannabis Businesses Aren’t Eligible for COVID-19 Disaster Relief

Marijuana businesses have been left between a rock and a hard place after the federal Small Business Administration (SBA) stated on Monday that marijuana companies aren’t eligible for relief to help cushion them against the Coronavirus pandemic.

Since the novel Coronavirus first appeared in Wuhan, China late last year, there have been over 450,000 confirmed cases and 21,000 deaths worldwide. Experts say that if the virus keeps spreading unabated, up to 70% of the world’s population might be infected before it runs its course. Understandably, countries have started implementing lockdown procedures to curb the spread of the disease.

This includes shutting down all but the most essential businesses, self-isolating, and personal distancing whenever you have to go out. And while these measures are essential during the pandemic, they have wreaked and will continue to wreak havoc on the economy. To help alleviate this, businesses meeting certain conditions will have access to disaster relief to help cushion the blow.

The marijuana industry, however, isn’t so lucky. Although several states have allowed marijuana within their borders, it still remains illegal at the federal level, and this denies it access to aid opportunities by federal agencies like the SBA.

“With the exception of businesses that produce or sell hemp and hemp-derived products that were federally legalized under the 2018 Farm Bill, marijuana-related businesses are not eligible for SBA-funded services,” stated a post by the agency’s Northwest branch in response to a tweet from a cannabis business owner inquiring about cannabis’ eligibility.

The SBA encouraged him to explore relief options provided by local or state agencies, stating that “even though federal law prohibits the SBA from providing direct assistance, there are great resources for small businesses from state and local sources.”

Carol Chastang, SBA public affairs specialist last week told the Cannabis Business Times that “because federal law prohibits the sale and distribution of cannabis, the SBA does not provide financial assistance to businesses that are illegal under federal law.” She goes on to say that businesses that aren’t eligible include marijuana growers and dispensaries and businesses that sell cannabis products, even if they are legal under state law.

This comes after a coalition of marijuana industry trade groups including the National Cannabis Industry Association National Cannabis Roundtable and the Cannabis Trade Federation signed a joint letter urging lawmakers to allow cannabis businesses access to disaster relief.

“The ineligibility of cannabis businesses for disaster relief assistance loans is especially inequitable given that these same businesses are required to comply with other Coronavirus related measures such as paid sick leave coverage,” state the letter in part.

“We are not seeking special treatment for state-legal cannabis businesses. We only seek to have them treated on an equal level as all other job-generating, tax-paying companies in this country.”

Experts believe that the news that cannabis businesses aren’t eligible for disaster relief will leave industry players like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) wondering when the cannabis industry in the U.S. will ever get the equal treatment that it rightfully deserves.

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