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 – MCTC Holdings, Inc. (MCTC) Launches Unique, All-Natural Line of Hemp You Can Feel(TM) Coffee Products, Offers Free Samples / Special Promos

MCTC Holdings (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced the launch of its Hemp You Can Feel(TM) Coffee, a unique, all-natural line of coffee products in single-serving compostable pods and packaging. The Company is offering free samples and special discounts during the first week of the launch, with a limited number of free samples consisting of a package of three Hemp You Can Feel(TM) coffee pods available at www.HempYouCanFeel.com. “This is a unique product line based on what we believe to be the most bioavailable infusion technologies in the marketplace,” MCTC Holdings CEO Arman Tabatabaei said 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™ 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. Free samples are limited, so don’t delay in ordering at our website, www.HempYouCanFeel.com.”

To view the full press release, visit http://cnw.fm/r5MFZ

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware 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, MCTC 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 and its intent to change its corporate identity to Cannabis Global, Inc. 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 HempWireNews

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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420 with CNW – Alabama Senate Passes Medical Marijuana Bill

Ten years ago, the thought of states legalizing marijuana seemed ludicrous enough. The plant has always been quite divisive, with most people being either for or against marijuana. However, what’s certain is that marijuana does have plenty of medicinal properties that make it a good natural alternative to a variety of medications including opioids.

The past few years have seen cannabis become more mainstream, with a number of states legalizing it for both recreational and medical use. Alabama quite recently joined the club after the state Senate voted to pass a bill to legalize marijuana in the state. The bill would allow qualifying patients to purchase certain medical marijuana products from state-licensed dispensaries.

It would also prohibit cannabis for smoking or vaping, with only tablets, topicals, and certain cannabis-infused edibles being legally available for sale.

“I think in this day and time, with the opioid crisis, we need to try alternative medicines that will help people,” says Sen. David Sessions, who voted to pass the bill. The proposal now heads to the House, and it’s sure to be a nail biter. Speaker McCutcheon has been non-committal, stating last month that he’s in ‘wait and see mode.’

Dubbed SB 165, the bill would establish a state Medical Cannabis Commission to register patients and oversee licensing businesses. Patients suffering from qualifying conditions such as anxiety, cancer, epilepsy, and post-traumatic stress disorder will be eligible for the program. They will be able to purchase up to a 70-day supply of medical marijuana products at a time.

The bill also sets a cap of 32 dispensaries allowed in the state, and the products they sell will be tested for potency and contaminants. Sales from the licensed dispensaries will be subject to a 9% tax, and part of those funds will be used to create a new Consortium for Medical Cannabis Research that will provide grants to study cannabis.

Under the proposal, medical marijuana will be tracked from seed to sale, and workers at the cannabis facilities will be subject to background checks.

“Today’s landslide vote in the Alabama Senate shows lawmakers in even the most conservative states in the nation are starting to recognize that allowing medical cannabis is good politics and good policy. Voters of every political background overwhelmingly support allowing medical cannabis,” says Karen O’Keefe, state policies director for the Marijuana Policy Project.

“That said, with polls showing upwards of 90% of Americans support allowing medical marijuana, it’s alarming that 27 states continue to criminalize patients for choosing a safer alternative to opioids.”

It remains to be seen what established companies like Champignon Brands Inc. (CSE: SHRM) think advocates should do to win support from the lawmakers in the House who aren’t in support of the legislation.

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 – Maine Issues 31 Conditional Licenses in First Wave of Licensing

Cannabis is becoming more and more popular these days, and it’s not only due to its psychoactive properties. A while back, it was discovered that the controversial plant was filled with cannabinoids, a group of unique chemicals that have potent medicinal properties. What’s more is quite a number of states have recognized this potential, and have taken steps to legalize both recreational and medical marijuana use within their borders.

In Maine, preparations for this year’s season are in full swing, with the Maine Office of Marijuana Policy issuing its first round of conditional adult-use marijuana business licenses. It gave provisional approval to 31 businesses to open growing operations, manufacturing facilities and retail shops in 10 cities and towns in the state.

The Office of Marijuana Policy granted conditional approval to one nursery, 10 growing operations, four manufacturing facilities, and 16 retail stores. “We have said the adult-use industry will launch in spring 2020, and today’s announcement moves us another step closer to honoring that pledge,” says Erik Gundersen, Director of the Maine Office of Marijuana Policy.

He says that the state won’t issue active licenses until it has a testing lab ready, with all its licenses and certifications, to run the health, safety and potency tests required under state law. At the moment, there are four labs thinking of entering the Maine market, but only one is close to being fully licensed.

A conditional license is the first step in a three-step process. After one is issued, the business has to obtain local authorization before returning to the state to obtain the final active license. Depending on the town or city, this process could take two weeks to an entire year. However, host towns will have 90 days or if they have an extension, 180 days to respond to applicants’ requests for local authorization.

According to Gundersen, the Office of Marijuana Policy will receive completed local authorization forms as well as continue to review pending conditional licenses through April. He expects the first active state licenses to be issued then, and retail sales to begin in June, with the delay in between to allow cultivation and harvest.

“Setting such a date will ensure stores have time to stock their shelves and allow products to build up in the system to meet the demand for marijuana and marijuana products in the first few days of legal retail sales. This approach has been used by other states,” says Gundersen. The delay will also allow the state’s first licensed testing lab to come online before the recreational markets are open to consumers.

“Testing bottlenecks have occurred in many states during implementation. To avoid a similar situation in Maine, we will continue to work closely with our prospective testing facilities to ensure they are able to provide this new industry with adequate testing in a timely manner.”

The news of the provisional licenses is likely to be welcomed by the entire cannabis industry, including companies like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), which would like adults who wish to consume marijuana to have access to tested products regulated by the state.

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CannabisNewsBreaks – Champignon Brands Inc. (CSE: SHRM) Enters Definitive Agreement to Acquire Craft Mushroom Cultivator Artisan Growers Ltd.

Champignon Brands (CSE: SHRM), a wellness company specializing in medicinal mushroom and mushroom-infused products, continues to advance its vertical integration through the addition of craft mushroom production, manufacturing and research capabilities. On Friday, the Company announced its entry into a definitive agreement to acquire Artisan Growers Ltd., a British Columbia based craft mushroom cultivator and supplier. Artisan Growers utilizes a variety of techniques and infrastructure to produce premium craft mushrooms, operating a craft cultivation facility capable of producing an assortment of organic varietals including Lion’s Mane, Chaga, Reishi and Agaricus Blazei. According to the update, Champignon plans to integrate Artisan Growers’ craft mushroom production capacity into its existing medicinal mushroom manufacturing, formulation and distribution infrastructure in continued control of its supply chain directly to the end user. “With the acquisition of Artisan Growers, we continue to optimize our upstream, downstream and distribution capabilities, all the while securing valuable infrastructure to expedite our R&D pursuits,” Champignon Brands Chief Executive Officer Gareth Birdsall said in the news release. “Over the coming quarters we will tactically execute on our stated business plan and look to also emerge as a best-in-class vertically integrated medicinal mushroom extract formulator, integrating alternative medicine, clinical research and vocational rehabilitation into the Company’s current product portfolio.”

To view the full press release, visit http://cnw.fm/ktz4J

About Champignon Brands Inc.

Champignon Brands has positioned itself to rapidly become a global force as a vertically integrated producer of artisanal medicinal mushrooms and associated products. The Champignon team is focused on enhancing the health and wellness of millions of consumers who can benefit from its premium suite of organic, sustainable and non-GMO mushroom and mushroom-infused formulations. For more information, visit 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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HempNewsBreaks – SinglePoint, Inc. (SING) Receives Multiple Orders for New Hemp Seed Oil Infused Hand Sanitizer

SinglePoint (OTCQB: SING) recently launched Klen Hands, a moisturizing hand sanitizer with 62% ethyl alcohol to keep hands clean and hemp seed oil to keep hands soft and hydrated. Since the initial soft launch on Friday, March 13, 2020, the company has secured multiple orders for Klen and anticipates that to continue as the demand for cleaning and disinfect products continues to exceed current supply. “It is beneficial that we have a manufacturing facility already making other CBD/Hemp products and the relationships to quickly get supplies. This product is the right time and the right place. We are very happy with how quickly we were able to put it all together and believe this product will be on retail shelves year-round as a permanently stocked item. Our goal is to fulfill orders rapidly to assist retailers in providing an additional, differentiated product that meets current market demand. We will continue to build out the product mix as the market settles back in. Our management team has deep ties to Washington State, the hardest hit area to date in the United States and we plan to launch additional resources to help combat this virus and help provide reliable information to consumers and the general public,” SinglePoint CEO Greg Lambrecht stated in the news release.

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

About SinglePoint Inc.

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

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

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420 with CNW – Tennessee Legislators Table Medical Marijuana Bill

A bill which is seeking to legalize medical marijuana has been introduced in Tennessee’s House of Representatives by legislators. The bill, called House Bill 637, would permit patients with one or more conditions on the list of qualifying conditions to use medical marijuana. It would also establish a regulatory framework for the production and distribution of medical marijuana products.

A Republican Rep. Ron Travis and a Democrat Rep. Jason Hodges introduced this year’s measure. Earlier this year, Republican Sen. Janice Bowling, reintroduced a similar bill in the Tennessee Senate.

Last year, Senator Bowling also introduced a similar bill during the legislative sessions, but the legislators opposed it.

HB 637 is also known as the Tennessee medical marijuana Act. It would allow patients with serious medical ailments to use medical marijuana. The patients would first have to obtain a physician’s approval (recommendation), or documentation showing that their diagnosis qualifies to be treated using medical marijuana.

The following are some of the medical conditions that could allow patients to have to access to medical marijuana:

Cancer
Crohn’s disease
Glaucoma
Epilepsy
Chronic radiculopathy
HIV/AIDS
Muscular Sclerosis, Opioid addiction
Renal failure
Severe nausea
Chronic pain
Persistent muscle spasm
Seizures
Post-traumatic stress disorder
Severe psoriasis
Psoriatic arthritis
Any medical condition producing cachexia
Post-laminectomy syndrome
Terminal illnesses
End-of-life care management or palliative care
Complex pain syndrome such as trigeminal neuralgia, and amyotrophic lateral sclerosis.
Parkinson’s disease
For patients younger than 18 years, they can use medical marijuana if they have the following conditions, cerebral palsy, cystic fibrosis, muscular dystrophy, and osteogenesis imperfecta.

The patients are required to obtain medical marijuana cards from the state to buy, possess, and use medicinal cannabis. Medical marijuana cards are active for two years with a single option of renewal after they expire.

Under HB 637, the state would establish a commission referred to as the Medical Cannabis Commission, which would be responsible for regulating the cultivation, manufacturing, and sale of medical marijuana products. The state would also create a medical marijuana fund that would finance the administration of the program.

Forty-five percent of the tax proceeds from the retail sale of medical marijuana products would be assigned to the medical marijuana fund to cover all regulatory expenses; 20 % would be assigned to the Department of Economic Community Development for rural and community development programs in Tennessee. A quarter of the tax proceeds (25%) would be allotted to the Department of Agriculture in the state to fund programs and grants from the agency. And the last 10% would be used to finance drug enforcement operations carried out by the Bureau of Investigation in the state against opioid and methamphetamine.

If the bill is approved, Tennessee would be the 34^th state to legalize medical marijuana. Last week on Tuesday, the House Facilities, Licensure, and Regulations Committee approved a bill legalizing marijuana oils, lotions, and pills although, it banned smokable pot, vapes, and edibles. However, the following day, the Senate Health and Welfare Committee delayed deciding on the measure.

Experts think that numerous companies, such as HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), may be hoping that the legislation is passed so that patients can have an additional treatment option to manage their health conditions.

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420 with CNW – Why Have a Medical Cannabis Card if Recreational Pot is Legal?

With more and more states legalizing medical marijuana, and the laws differing from state to state, medical marijuana cardholders and applicants should review state and local regulations to avoid breaking them.

As recreational marijuana laws within the states are passed, the state medical marijuana programs tend to suffer. Data from medical marijuana programs in Colorado and Oregon show that the number of patients in the MMJ database started declining months and years after its legalization of recreational marijuana. Although the medical market still serves its purpose, the purchasing of marijuana shifts towards the recreational market. Depending on state laws, medical marijuana cardholders continue to enjoy the benefits of being part of the state’s medical marijuana program.

Below are the benefits medical marijuana cardholders might enjoy even after the legalization of recreational marijuana.

Priority over Recreational Customers

Having a medical marijuana card gives you precedence over recreational consumers.

Compared to recreational customers, medical marijuana patients must be served immediately in case of any shortages. This provision was passed in Nevada and Illinois, as they allowed medical marijuana patients to bypass the long lines in the dispensaries, which make buyers to take several hours to be served. In such cases, patients are advised to contact a staff member for medical patient access.

Besides, Illinois gives priority to the medical market when supplying cannabis.

Taxes

Depending on the state, medical cardholders are provided with tax breaks. In some states, medical marijuana cardholders do not pay any fee, while in other states, they are provided relief on pricey marijuana, as well as waivers on additional excise taxes.

Accessibility of Adult-Use Shops by Underage Patients

Patients who are approved by the state can enter and purchase medical marijuana products from the retail stores. If a consumer does not have a medical marijuana card, they must wait until they are either 18 or 21 depending on the state’s medical marijuana program provisions.

Also, underage patients cannot go to a dispensary alone to buy medical weed; they must be accompanied by their guardian or designated caregiver.

The Products are More Potent than for the Adult-Use Market

Some medical marijuana patients require a higher dosage of marijuana than the permitted dosage for the recreational market. Therefore, if they were to buy from the recreational market, it would mean that they would not get relief from their medicine. However, with a medical marijuana card, some states waive the limit placed on purchasing, allowing medical marijuana patients to access products that would otherwise be unavailable to the recreational market.

As you can see, many reasons exist to explain why you still need to get a medical marijuana card even if recreational marijuana has been legalized where you live. Experts say you could also learn a lot about these two pot markets (recreational vs. medical sector) by reading the information put out by various companies, such as Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF).

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Focused on Driving Near-Term Revenue

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company committed to providing premium-cannabis brands and products, recently provided an update on its strategy and outlook for the remainder of fiscal 2020. An article discussing the company reads, “Supreme Cannabis reiterated its strategy to transition from a business-to-business model to a consumer-facing, premium-cannabis business. A focus on expanding its consumer-facing product portfolio is expected to drive near-term revenue with new high-quality brands and products for a variety of consumers hitting the market in the coming months. This expanded portfolio will be supported by an innovative sales model that achieves comprehensive distribution to cannabis retailers across Canada. . . . ‘As we realign our structure and expectations with the current state of the industry, I maintain my strong belief in Supreme Cannabis’ ability to drive near-term revenue growth, profitability and long-term value with new high-quality brands and products at every key price segment,’ Supreme Cannabis interim president and CEO Colin Moore stated in a news release. ‘I’m proud of the team’s progress and difficult work rightsizing the company’s cost structure and focusing the business on near-term revenue drivers. As one of the few licensed producers with completed cultivation infrastructure and in-house, value-added processing capabilities, as well as proven premium brands in the recreational market, we are well positioned to accelerate our CPG-focused transition. Our strong liquidity position, including the credit facility arranged by a tier-one bank, further ensures we have the capital necessary to execute going forward.’”

To view the full article, visit http://cnw.fm/qGu6p

About Supreme Cannabis Company Inc.

Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) 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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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Broadening Portfolio to Reach New Demographics

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in California, recently reported plans to increase its brand portfolio in Q1 2020 to target consumers beyond its main demographic (http://cnw.fm/7AcMk). An article further discussing the company’s growth plan reads, “According to the company’s investor presentation, PLUS expects to release two new lines this year: one falling in the get-high, have-fun space and one falling in the wellness/relief category. Specific details are still to come, but PLUS has built a reputation for producing superior products that become top sellers within months of release.”

To view the full article, visit http://cnw.fm/JwcY1

About Plus Products Inc.

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable — beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, 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

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HempNewsBreaks – SinglePoint, Inc. (SING) Launches Hand Sanitizer Infused with Hemp Seed Oil

SinglePoint (OTCQB: SING) today announced the launch of Klen Hands. Customers can subscribe and preorder now, and shipments are expected to leave the company’s Carlsbad facility in approximately 10 business days. There is a limited supply, which the company anticipates will sell out quickly. The hand sanitizer has 62% ethyl alcohol to keep hands “klen” (clean), as well as hemp seed oil to keep hands soft and hydrated. “We are working to develop solutions for both product and technology in order to assist in the effort of combating COVID-19. As many people know our company has deep ties to the Washington State area. We believe we can provide solutions in the near term to help with the dissemination of current, reliable information and in the interim use our facilities to develop products such as hand sanitizer. We will be releasing additional resources for individuals in the coming weeks,” SING CEO Greg Lambrecht stated in the news release.

To view the full press release, visit http://cnw.fm/fN1ZQ

About SinglePoint Inc.

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

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