420 with CNW – Feds Worried International Cannabis Rescheduling Could Force Their Hand

An upcoming vote seeking to loosen international restrictions on cannabis has the U.S. federal government worried as it could reinforce marijuana legalization efforts. Media outlets obtained a government document that was released last year by the United Nations’ (UN) World Health Organization (WHO). The report was discussing a series of marijuana policy recommendations in the U.S. The policies discussed include the removal of marijuana from Schedule 1 of controlled substances under an international treaty as well as rescheduling some cannabinoids.

Last year, the UN’s Commission on Narcotic Drugs was expected to vote on WHO’s reclassification recommendations and decide if they should move forward with them. The UN’s Commission on Narcotic Drugs comprises of 53 member nations. The vote, which may take place early next month, was delayed to give members additional time to consider the proposal.

Although the document recognizes that removing marijuana from Schedule IV of the 1962 convention could be beneficial to the advancement of information through research about the therapeutic potential and any associated harms caused by marijuana, it also expresses its fear about unintentional consequences such as giving people hope that the action would act as a gateway to legalization.

The document further states that there is a likelihood that the civil society, social media, and the general public would perceive the removal of marijuana from Schedule IV as the initial step towards the national legalization of weed.

As per the1961 international treaty, Schedule IV is the most stringent controlled category, while in the U.S., marijuana falls under Schedule 1, the country’s most strict controlled category.

The U.S. is still worried about the topics proposed by the UN Commission despite the potential benefits discussed in its rescheduling recommendation.

A U.S. Air force veteran and an advocate of marijuana legalization Michael Krawitz said that the government’s explanation about the risks to general public perception is frustrating because all the recommendations presented by WHO would not allow member countries to legalize marijuana. Krawitz has spent several years working to change international drug pacts.

Krawitz further said that even if all the recommendations presented were approved, those recommendations would not take them a step closer to legalization. He noted that the changes are about correcting an issue with international drug treaties by removing some of the misleading information that was recorded about marijuana, not legalization.

Krawitz further said that the approval of these recommendations would help patients as well as ease the government workload because less documentation would need to be filled; thus, the bureaucratic burden of dealing with marijuana would be lessened. It would also authorize more research to be carried out and the provision of insurance coverage for medical marijuana products.

The authenticity of the government document  isn’t easy to verify as it was not obtained from a government source, and the State Department did not issue a response to these reports. Experts think that cannabis companies like MCTC Holdings Inc. (OTC: MCTC) will be shaking their heads in wonder at how the federal government is always afraid of its own shadow whenever matters connected to pot arise!

About CNW420

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

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CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Advances Strategic Expansion Plans

Plus Products (CSE: PLUS) (OTCQB: PLPRF), is a branded, cannabis-infused, products manufacturer of edibles created to support a healthy and active lifestyle. PLUS was recently featured in a NetworkNewsAudio interview (http://cnw.fm/r7amH). Blake Brennan, PLUS’s head of investor relations, noted in the interview that the company has the “no. 1 gummies brand here in California with the best-selling cannabis product across all categories.” An article further discussing the company’s offerings reads, “In the interview, Brennan explained key milestones that the company set out to achieve. ‘We wanted to build a brand and a product in the largest and most competitive market, make it a winner there, which we’ve done with the best-selling product and the best-selling gummies brand, and then bring it to new markets,’ he said. With recent expansion into new markets, Plus Products has taken large leaps forward in this plan. . . . PLUS launched into the national hemp CBD space, which is forecast to be a market upward of $20 billion by 2022. The full product line is available at PlusProducts.com.”

To view the full article, visit http://cnw.fm/Xp6bM

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California, and has 80 employees. For more information, visit the company’s website at www.PlusProductsInc.com.

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

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks 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, CBDW 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. CBDW 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, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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CannabisNewsBreaks – GP Solutions, Inc. (GWPD) Expands Management Team as it Pursues Aggressive Growth Plans

GP Solutions (OTC: GWPD), the developer of “GrowPods” – controlled environment automated micro-farms, today announced that it is adding to its management team and making changes to its Board of Directors. According to the update, the company appointed Christina Kane as its Director of Sales. Kane has extensive business development experience and global manufacturing expertise, having served as director of a major franchise with over 300 stores and established distribution channels in 40+ countries. “Adding Christina to our team will help the company ramp up sales and increase distribution channels,” GP Solutions President George Natzic said in the news release. “We look forward to her contributions as we pursue our aggressive growth plans.”

To view the full press release, visit http://cnw.fm/5MkQ4

About GP Solutions, Inc.

GP Solutions, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods.” GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.com.

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

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 – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Files Early Warning Report Regarding James E. Wagner Cultivation Corp. (TSX.V: JWCA) (OTCQX: JWCAF) Investment

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning announced that Canopy Rivers Corporation, a wholly owned subsidiary of the company, subscribed for 2,380,952 units of James E. Wagner Cultivation Corp. (“JWC”) (TSX.V: JWCA) (OTCQX: JWCAF) at a price of $0.21 each for total consideration of approximately $500,000 in connection with JWC’s non-brokered private placement financing. Each unit consists of one common share in the capital of JWC and one-half of one common share purchase warrant. Each warrant enables Canopy Rivers to purchase one common share at any time on or before February 6, 2023 at a price of $0.275 each. Upon completion of the offering, Canopy Rivers holds 16,241,819 common shares and warrants to purchase a total of 2,190,476 common shares, representing roughly 15% of the issued and outstanding common shares on a non-diluted basis. A copy of the early warning report will be available under JWC’s profile on SEDAR at www.Sedar.com.

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

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

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

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420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January

The adult-use marijuana industry in the state of Illinois started on a high note. On Monday, the Department of Financial and Professional Regulation announced that in the month of January, marijuana sales came to a total of $39.2 million.

Recreational marijuana sales became legal on the Jan. 1, 2020, and within January, marijuana customers bought approximately one million cannabis products. The majority of the marijuana products were purchased by residents of Illinois and this amounted to $30.6 million, while $8.6 million was purchased by out-of-state consumers.

The sales figures above do not account for medical marijuana sales; it is only for recreational marijuana sales. Illinois Supply and Provisions, which was previously called HCI Alternatives, is located in the Collinsville, and it is the only dispensary selling both adult-use and medical marijuana in the Metro East. The customer waiting time ranges from 90 to 120 minutes.

The regional director Kathleen Olivastro said that she is amazed that the queues are still present. And he noted that it is the new normal.

The one-month sales figures in Illinois outpaced all the other states’ sales numbers. For instance, recreational marijuana sales in Colorado did not hit the $40 million mark in one month until March 2015. Similarly, recreational marijuana sales in Washington did not hit the target until May 2015, which shows that both states were a year into their respective marijuana programs when they hit that milestone.

The shortage of marijuana flower in Illinois has prompted marijuana dispensaries across the state to limit the amount of marijuana sold to consumers or cutting back on days open to recreational customers.

Olivastro said that in order to keep up with consumer demand, Illinois Supply and Provisions keeps rotating the products available in the store.

She further said that before the day starts, they identify items of the day so as to offer the customers a wide range of healthy supply. The system helps the dispensary serve the consumers daily despite the shortage, said Olivastro.

Currently, recreational marijuana demand in the Metro Area of Collinsville is high, as it has only one dispensary open. The Green Solution Dispensary based in Sauget has a permit but is yet to announce when it will start operating.

Collinsville assistant city manager Derek Jackson said that the location of the dispensary had facilitated many trips in Collinsville in a positive way.

Jackson further said that he is hoping that the people who drive to Collinsville to buy adult-use cannabis also use money to eat in a restaurant or purchase gas before leaving. Since the city also imposes a sales tax on individual marijuana sales, it stands on making between $1 million and $1.3 million each year as tax proceeds.

Jackson further said that they have seen reports of cities making between $3 million to $4 million annually and that they are expecting that estimate conservatively.

Industry watchers strongly believe that the entire cannabis industry, including sector players like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF), are glad that the industry has taken off to such a dream start.

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 – In-Store Marijuana Dispensary Trends to Watch This Year

It is the nature of any new industry to have rapid trend changes, and the marijuana market is not an exception. Changes are therefore most likely be visible on the shelves at your local dispensary.

Lately, you may have noticed that shorter lines and fewer people are seen queuing at the dispensaries; this is because digital kiosks are serving the customers faster. Marijuana customers will also be able to purchase more CBD-infused products as it is the product that is legal in many states in the U.S. this year.

Discussed below are some of the in-store dispensary trends to watch out for in 2020.

  1. Try Marijuana Products That are Low in Dosage

More people who have never consumed weed are daring to try it out as the marijuana market expands. However, they do not want to be too high to the extent that they risk losing control of themselves; thus, they are looking to manage their experience by consuming low dosage products, which are currently on the rise. This type of low dosage is known as microdosing or precise dosing. As the marijuana market expands, smaller dose products are likely to infiltrate their way onto the shelves in your local retail outlets. These products include mint and other edibles with low levels of THC.

  1. Instead of Human Budtenders, You Will be Served by Automated Budtenders

Technological advancements are affecting the retail industry, marijuana dispensaries included. Computerized checkout systems found in Target, CVS, and grocery store chains are also popping up in marijuana dispensaries. Customers can browse through the store while tapping the products they need, pay, and then pick up their orders at the counter.

Paywana is the largest supplier of automated systems for marijuana kiosks, with clients such as Curaleaf, among clients. Some of the advantages of automatic systems include;

  • It is easier and faster to process more orders
  • The Point Of Sale system is not needed
  • Less waiting time
  • Increased sales
  • Improved accuracy on orders
  1. CBD Beauty Products

Cannabidiol (CBD) is legal in almost all states in the U.S., and people should be ready to see more CBBD-infused edibles, oils, lotions, and other products in their local dispensary shelves as well as other retail outlets. There will be several varieties of edibles, such as gummies, mints, and cookies. More CBD-infused beverages will be found on the market since most of the beverage companies such as Coca-Cola and Molson are working on unveiling CBD-infused drinks.

WeedMaps reported on ideas aired at the 2019 MJBizCon in Las Vegas saying that people should also expect to buy CBD-infused drinks at their local restaurants as well as meals infused with marijuana and CBD.

  1. More CBD Products for Men

Women products with CBD as an ingredient have also dominated the CBD market, and they include skincare and cosmetic products. Sweet Earth is set to launch a new line of masculine-leaning CBD products such as beard and face wash, shaving cream, aftershave, beard and mustache oils as well as a styling gel.

It would be interesting to see what new products weed companies like SinglePoint Inc. (OTCQB: SING) have in mind to take advantage of the trends discussed above.

About CNW420

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

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Leverages Social Media to Market, Sell New CBD Product

During a recently MoneyTV interview, ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang announced that the company will be launching a breakthrough CBD product in March. An article discussing the company reads, “One important aspect of the company’s strategy to increase profit is to sell its new CBD product through e-commerce using different social media platforms in 2020. Wang observed that multi-platform social media would play a key role in the company’s marketing to a younger consumer audience of its CBD line. He specifically mentioned using platforms such as TikTok in the campaign, which launched in 2017 and accrued 500 million users in its first two years. Recently hailed as a ‘must for every small business,’ social media marketing gives companies more direct access to their customers, meeting them where they are in a cost-effective way. Social media marketing has also been linked with increased brand recognition (http://cnw.fm/YO4y2), allowing companies to ‘target and retarget ideal consumers.’ CIIX hopes to engage audiences of all ages through social media as it increases traction for its new CBD offerings. . . . In addition to its anticipated CBD product, CBD Biotech currently markets a line of hemp-infused cosmetics products in China. Wang estimates that cosmetics could deliver profit margins of 10–20 times for the company (http://cnw.fm/bVLt5). ‘That’s quite a big profit,’ he noted.”

To view the full article, visit http://cnw.fm/5ZJYz

About ChineseInvestors.com Inc.

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

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CBDNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Providing Alternative to Inhalation via Patented Oral Drug-Delivery Technology

British Columbia-based, biodelivery technology developer Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP) is committed to the idea that better alternative methods for drug delivery exist than inhalation. A recent article discussing the company reads, “Swallowed medications have historically been slower to provide effective action than inhaled ones, leading substance users looking for a quick fix to lean toward the latter. But the deleterious and deadly consequences of smoking tobacco products have been publicly acknowledged for decades, though hardly stemming the tide of nicotine addiction as one generation succeeds another. . . . The continued preference for the rapid delivery of inhaled drug substances has led many researchers to seek alternatives beyond deterrence campaigns. DehydraTECH’s newest formulation was recently shown to deliver 811% more CBD into the bloodstream than generic industry control formulations, nearly doubling the capacity of existing DehydraTECH technology. It was additionally shown to deliver 1,937% more CBD across the blood-brain barrier into brain tissue than generic industry-control formulations and 487% more than the original DehydraTECH technology (http://cnw.fm/89Soz).”

To view the full article, visit http://cnw.fm/95Fyc

About Lexaria Bioscience Corp.

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

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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HempNewsBreaks – Marijuana Company of America, Inc. (MCOA) Issues Update on Global Sales, Marketing Strategy for hempSMART Subsidiary

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, on Wednesday provided hempSMART’s overview for global sales and its marketing strategy for 2020. HempSMART(TM) will be attending the USA CBD Conference at the Las Vegas Convention Center, taking place February 12 -15, 2020. The event will kick-off a global tour of industry-focused conferences enabling hempSMART to connect with more than 11,000 attendees in each regional city and position itself as an industry leader. The tour will also deliver increased exposure, brand positioning and sales expansion, while the network marketing group grows. “With this new rebranding, our premium-quality hempSMART(TM) products will now be positioned to engage a larger audience of potential customers. With the strength of the CBD wellness and beauty markets that are expected to be worth as much as $25 billion globally in the next decade, we intend to take full advantage of this tremendous opportunity and take a leading position in this expanding market. HempSMART is focused on becoming a true power brand, backed by premium products that have been very well received by our customers. We will support this initiative with a solid marketing plan for the year that includes promotional activities across social media platforms and through sponsored events. At hempSMART we are really excited about the new products we are about to unveil under the umbrella of the new ‘smart.’ line. We are also reviewing and improving our classic product line, to ensure that we remain at the cutting edge of the industry. More details on these new products will be released in the near future,” Global Marketing and Sales Manager Gloria Albarran Lynch stated in the news release.

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

About Marijuana Company of America Inc.

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

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

About 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 – LA Black Entrepreneurs Frustrated by Unresponsive Marijuana Equity Program

The establishment of a program meant to provide marijuana permits to people who have been affected by the war against drugs in Los Angeles has been marred by delays, scandal, and bureaucratic blunders. This has resulted in the loss of thousands of dollars for some of the intended beneficiaries.

Speaking to the Guardian, black entrepreneurs and marijuana activists said that the beleaguered social equity program had left potential business owners on a list whose approval timeline is uncertain, and this has resulted in irreparable damages to the finances of the businesses in question. It has also prevented them from opening cannabis retail outlets they have been planning on for several years.

Estimates from advocates of the social equity program indicate that out of the one hundred businesses on track to receive licenses, less than twenty of them are from black communities. The advocates further said that black communities are among the disproportionately affected communities that were targeted by marijuana arrests and discrimination. They also noted that applicants for the social equity programs are facing precarious futures even now.

In the meantime, white business owners are currently leading the booming Los Angeles marijuana sector.

Lanaisha Edwards asked how the other people who were not affected by prohibition are awarded licenses and make millions of dollars out of their suffering. Edwards is a South LA native who had applied for a marijuana retail license through the social equity program. She noted that prohibition led to the destruction of many families, and it would be beneficial if they managed to end prohibition and create wealth in the process. However, there is a possibility that the businesses are not going to reap any benefits from the program.

The social equity program was launched in 2018, to right the wrong of criminalization by awarding licenses to people impacted by the war against drugs, while eliminating barriers hindering people from opening small businesses. Residents from disproportionately affected communities would be eligible for marijuana licenses also if they were low-income and had previously been convicted for marijuana crimes.

Rabin Woods, a 57-year-old male previously arrested for marijuana offenses in 1983, said that the program was supposed to be their compensation, but currently, he is struggling to open a marijuana retail outlet in LA.

Blacks and Latinos have been victims of profiling by law enforcement in the U.S. with data consistently showing that blacks were four times more likely to be arrested for marijuana crimes than whites.

According to the owner and co-founder of the California Minority Alliance, Virgil Grant, only six out of the 200 permits previously issued in LA were owned by black people, and even fewer were Latino-owned.

There was hope among LA residents that the social equity program would bridge the racial gap after recreational marijuana legalization, but it is evident that it is not happening any time soon.

The applicants for marijuana licenses complained that most of the candidates who made it to the top 100 were not representatives of people impacted by prohibition. They also said that eligibility was not based on race or geographical boundaries, which allowed a large number of applicants who were not directly affected war against drugs to benefit at the expense of the intended beneficiaries.

Analysts believe that the entire cannabis industry, including Lexara Biosciences Corp. (CSE: LXX) (OTCQX: LXRP), would like to see the complaints of the social equity program investigated and resolved if mistakes were made during the implementation of the program.

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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