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

420 with CNW – Authorities Say Illinois Marijuana Shortages Were Planned

Since the legalization of adult-use marijuana in Illinois, the market has been plagued by long queues, closure of dispensaries, and shortages; and this has left marijuana customers very frustrated.

However, it has emerged that the cultivators intended to start the sale of recreational marijuana on a slow note, the state officials said. The cultivators and state officials said that their ultimate goal is to have a marijuana market where supply and demand are balanced.

Governor J. B. Pritzker’s senior advisor on marijuana Toi Hutchinson said that the regulators aimed to intentionally slow down the market to ensure that there was space for new entrants. Hutchinson is also unofficially known as the Illinois “pot czar.”

Chris Lindsey is the director of government relations for the Marijuana Policy Project (MPP). Lindsey said that after the legalization of marijuana, every market faces supply shortages. Lindsay participated in the drafting of the legal cannabis legislation. Cultivators in Illinois predicted supply shortages even before recreational marijuana was made legal.

Lindsey further said that the state did not disclose their slow approach strategy to the public because they were still drafting the rules; however, the discussion about the deliberate plan took place amongst several public agencies, and after exploring several methods, they opted on the go-slow strategy.

Lindsey further said that there are two types of the licensing systems, one where there are a finite number of permits available, and the state of Illinois adopted this option, and the other has unlimited licensing and it up to the market to decide which business survives.

Hutchinson further said that the slow approach strategy has several advantages, such as allowing small businesses to build up a revenue base before expanding their operations. She also said that it protects medical marijuana patients by making sure that the recreational program is not given priority.

Since 2015, more than 87,000 patients have registered under the medical marijuana program. The state of Illinois has around 8.6 million residents who are above the age of 21, excluding visitors who are potential recreational marijuana customers.

The president and co-founder of 4Front Ventures, Kris Krane, said that there is a significant gap between medical and recreational marijuana users and that demand for products could overwhelm growers and eventually push medical marijuana patients to the sidelines.

Krane further said that the recreational marijuana program in Illinois had to be kept small to give growers a chance to ramp up their operations and infrastructure and still serve patients.

On the other hand, cultivators are not complaining because they are selling out all their products, giving them a continuous flow of customers – which is an excellent problem to have, said the general manager of Wellness Group Pharms, Steve Bundy.

States such as Oregon and Washington did not control the supply of marijuana products, and this resulted in the oversupply which is eventually harming businesses in the long term.

When presented in that way, experts think that sector players, such as No Borders Inc. (OTC: NBDR), would not have any reason to find fault with the regulators since this forward thinking will be good for the industry in the long run.

About CNW420

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

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Enters Strategic Agreement with Specialty Grower QDG Agricultural

LiveWire Ergogenics (OTC: LVVV), a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities and operations to provide cannabis-based products and services in California, on Tuesday announced its entry into a definitive agreement with QDG Agricultural (“QDG”), an experienced and highly specialized cannabis production company, to begin construction for operation at its Estrella Ranch facility in Paso Robles, California. “With the demand for pure, organically grown and thoroughly tested cannabis products growing rapidly, we anticipate the handcrafted product that will be grown at our California ranch to become the most sought-after premium cannabis in the industry,” LiveWire CEO Bill Hodson stated in the news release. “Our vision of an ‘Estate Grown Weedery’ producing the finest family of branded cannabis in California is beginning to come to fruition as evidenced with this agreement. Further, we are planning to expand on our craft-grow business model by consequently marketing the appellation concept to differentiate our products and operating as a sustainable family-style local farm, two factors that are unparalleled in the industry. We truly believe that our first strategic partner QDG represents an ideal and highly experienced group of experts to get our Estrella Weedery operation off the ground successfully. Based on current market conditions, considering licenses and a successful ‘proof of concept’ during phase 1, this property could generate over $25 million a year with revenues to increase once operating at full cultivation capacity.”

To view the full press release, visit http://cnw.fm/7h0zD

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The Company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, please visit:  www.LiveWireErgogenics.com.

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

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)

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CBDNewsBreaks – Neutra Corp. (NTRR) Secures New Round of Private Equity to Drive Vertical Integration

Neutra Corp. (OTC: NTRR) on Tuesday announced its January 1, 2020 receipt of a new round of private equity that it intends to use in its ongoing campaign to become a vertically integrated producer, manufacturer and distributor of hemp-based CBD health products. “This is a welcome event that strengthens our company and puts it in a better long-term position to compete and succeed in the marketplace,” Neutra CEO Sydney Jim said in the news release. “This funding round gives us the ability to pursue our strategies and goals, as well as potentially expand our vision for the future. We had a very successful 2019; this private funding will help us towards an equally accomplished 2020.”

To view the full press release, visit http://cnw.fm/1Gjsm

About Neutra Corp.

Neutra Corp. (OTC: NTRR) is an early-stage research and development company that’s bringing modern healthy living solutions to a multi-billion dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where consumers are demanding access to products that promote health and stave off potential health dangers.  One of the nutraceutical sub-markets is the new thriving Hemp-based CBD market, in which it intends to participate. For more information, visit the company’s website at www.NeutraInc.com.

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

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – HTC Extraction Systems’ (TSX.V: HTC) (OTCQB: HTPRF) Extraction Technology Selected for $20M Xprize Competition

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) today announced that HTC’s patented extraction technology has been selected to supply extracted CO2 for the prestigious $20 million NRG COSIA Carbon Xprize competition. According to the update, the four-and-a-half-year global Xprize competition challenges teams to transform the way the world addresses carbon dioxide (“CO2”) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products. Ten teams from five countries were selected to advance to finals after passing a first-round evaluation based on the amount of CO2 converted into products, as well as the economic value, market size and CO2 uptake potential of those products. In the finals, teams must demonstrate at a scale that is at least 10 times greater than the semifinals requirements at one of two purpose-built industrial test sites. HTC has been selected to provide the extracted CO2 for the Alberta Carbon Conversion Technology Centre (“ACCTC”), test facility, and has custom designed the HTC CO2 Extraction plant to provide the required CO2 as well as the flexibility for future CO2 extraction testing requirements. The plant is being engineered and fabricated with HTC partner ASCO CO2, with expected delivery of the CO2 Extraction Plant by April 2020.

To view the full press release, visit http://cnw.fm/Z8MHi

About HTC Extraction Systems

HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Subsidiary Modifies TerrAscend Canada Loan Terms

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, has amended the terms of its recent US$10 million loan to TerrAscend Canada Inc., a wholly‑owned subsidiary of TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). The loan, announced October 2, 2019, included the purchase of 13,243 units, each of which was comprised of: (i) one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 (the “debentures”), and (ii) 25.2 common share purchase warrants to purchase common shares of TerrAscend with an exercise price of C$6.49. Following the announcement of the loan and following discussions with the Toronto Stock Exchange (the “TSX”), Canopy Rivers, TerrAscend Canada, and TerrAscend decided to amend certain terms of the loan. Pursuant to the amended terms, the debentures have been converted into a C$13,243,000 loan agreement between Canopy Rivers and TerrAscend Canada. Interest on the principal amount advanced accrues at a rate of 6% per annum and all interest payments made are payable in cash by TerrAscend Canada. The loan is not convertible and is not guaranteed by TerrAscend. The principal amount matures on October 2, 2024 or an earlier date in accordance with the terms of the loan agreement. Additionally, TerrAscend has issued Canopy Rivers 2,225,714 common share purchase warrants that are exercisable upon the occurrence of certain triggering events, including (i) the amendment or removal of federal laws in the United States enabling the legal cultivation, distribution and possession of marijuana; and (ii) the stock exchange(s) on which securities of Canopy Rivers or its affiliates are listed permit the investment by Canopy Rivers in an entity that participates in the cultivation, distribution and possession of marijuana in the United States. The exercise price for the warrants, which expire on October 2, 2024, is C$5.95 each. The original warrants remain issued and outstanding.

To view the full press release, visit http://cnw.fm/X45dS

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

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – Jamaica is Helping Small Unlicensed Marijuana Growers to Go Legit

The Jamaican government is offering small-scale farmers who are cultivating marijuana illegally a way out by transitioning them into licensed growers in an effort to eliminate the black market.

Instead of punishing unlicensed growers, the government is helping them transition into the regulated marijuana market to raise awareness, eradicate poverty, and promote sustainable development in the country.

In a press release, the Jamaican Minister of Industry, Commerce, Agriculture, and Fisheries, Floyd Green said that the program (Alternative Development Plan) is focusing on community groups. Green further noted that they are starting with a group of weed farmers, where they provide the seeds, reduced requirements to participate in the program, and they also take them through a learning process.

Green further said that the Alternative Development Plan started in Accompong, St. Elizabeth, and farmers are currently cultivating marijuana and selling it to the medical marijuana sector. She noted that the farmers had grown a total of 44 pounds of cannabis so far.

Green declared that the program implementation has been successful.

In the press release, Green also said that the Alternative Development Plant will now be implemented in other communities to provide quality weed to the Jamaican medical marijuana industry.

The Marijuana Licensing Authority in Jamaica recently announced that it had been exploring a transitional licensing program that would allow small marijuana growers to grow and sell their weed to the medical sector for a maximum of 18 months before they are licensed.

Speaking on a Jamaican radio show, the CLA director of enforcement and monitoring, Faith Graham, said that since small-time farmers cannot afford a cultivator license, which is a must before one can grow marijuana, a transitional permit would be ideal for small scale marijuana farmers.

When Jamaica updated its Dangerous Drugs Act in 2015, it decriminalized marijuana.

Marijuana consumers are allowed to possess a maximum of 57 grams of weed or two ounces of dried marijuana bud; however, if they are caught having it in their possession while wandering out, they are at risk of being given a ticket of $3.

It is prohibited to smoke marijuana or cigarettes in public.

In 2018, locals and tourists had a place to buy and smoke marijuana as dispensaries started opening their doors. The dispensaries in Jamaica are likened to a doctor’s clinic or a coffee shop and hipster boutique. The dispensaries accept only cash.

Tree of Knowledge International Corporation announced that it would be the first marijuana company to be listed on the CSE and Jamaican Stock Exchange. Courtney Betty, who is the company’s consultant for international business development, said that they are hoping this move will attract new investors and strengthen the company’s access to the region.

Betty further said that TOK’s focus is on the treatment of pain using medical marijuana since Jamaica has some of the most potent pain-relieving marijuana strains, and the company wanted access to them.

Being listed on the Jamaican Stock Exchange would also appeal to the Jamaicans living in the diaspora who are looking for ways to invest, said Betty. She noted that being listed will therefore give them a broad investor base.

Industry watchers say that the approach taken to bring small growers into the legal cannabis industry is one that marijuana companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) applaud since it spreads the opportunities to as many people in different communities as possible.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW – What US Marijuana Entrepreneurs Can Learn from Canadian Mistakes

The legalization of recreational marijuana in Canada took place in October 2018, and since then, the country has been facing a lot of issues, many of which offer valuable insights to entrepreneurs and government officials. Forewarned is forearmed; countries such as the United States and others looking for national legalization of adult-use marijuana should learn from Canada.

Discussed below are the lessons other countries should learn from the legalization of marijuana in Canada.

  1. Marijuana Stocks were not Trading on Fundamentals

Investors looking to invest their money in marijuana stocks should be careful. According to the BBC, marijuana stocks in Canada have gone through several overwhelming changes, and the slow marijuana sales have led to a 17% drop in wholesale prices, which has, in turn, caused a dip in the prices of pot stocks for publicly traded cannabis companies.

Speaking to the BBC, the CEO of New Leaf Data Services, Jonathan Rubin, said that it was evident that the stocks were trading on fantasy,  not fundamentals. He further said that there are frustrations that come with legalization, but marijuana legalization was not a failure.

According to the data which was quoted in the New York Times, marijuana stocks in the five major marijuana companies in Canada had a 56% drop in price in the first year of legalization. US entrepreneurs can learn to make investment decisions based on fundamentals rather than market sentiment.

  1. Delay in Dispensary Approval by Governments

Since October 2018, Canada has been experiencing a stable increase in marijuana sales, but the stock has been rising at a rapid rate, which led to the oversupply of the product.

Besides, the government has been slow to approve dispensaries in the densely populated areas such as Ontario and Quebec; instead, they have been awarding the permits at a glacial pace, according to local media. This has forced customers who would have bought their cannabis products from the legal market to turn to the black market because the products are cheaper (no taxes) and readily available.

Here the entrepreneurs can learn about supply and demand. Cannabis business is about more than producing quality marijuana, but also about having suppliers who are good at packaging their products. They should also be good at marketing and managing the stock as well as setting smart prices.

  1. Lack of Edibles

Canadian officials legalized marijuana before allowing the sale of edibles because they wanted time to establish rules around cannabis edibles, and this limited the potential for marijuana market growth because in the U.S., marijuana edibles saw an increased sales by 900 percent. They also give consumers additional ways to consume marijuana other than smoking.

According to the Financial Times, Canadian authorities are expecting a wave of insolvencies this year, but many are hoping that the introduction of marijuana-infused drinks and edibles will help the stocks to bounce back.

These challenges being faced by Canada should be a lesson to U.S. government officials and entrepreneurs, and other countries looking to legalize marijuana. Experts are sure that pot companies like Willow Bioscience Inc. (TSX: WLLW) (OTCQB: CANSF) are carefully taking note of all those issues and making adjustments so that they can thrive in these challenging times for the industry.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB) Receives Cultivation License for Purpose-Built Farnham Facility

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and medical sale of premium dried cannabis and cannabis derivatives under The Cannabis Act, recently announced the receipt of its cultivation license from Health Canada for Phase 1 of its purpose-built Farnham Facility, in Québec. “After many months of diligent preparation, today’s milestone will allow us to start cultivation immediately and to advance our goal of becoming the premiere grower of cannabis in Québec and in due course, the rest of Canada,” Cannara Biotech (Quebec) Inc. COO Barry Laxer said in the news release. “All of us would like to thank our construction team for delivering a state-of-the-art facility, along with the invaluable community support we have received. With a well-funded balance sheet, financially Cannara begins this next phase of our growth with strength and durable fundamentals.”

To view the full press release, visit http://cnw.fm/1n4LV

About Cannara Biotech Inc.

Cannara Biotech Inc. (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), is building one of the largest indoor cannabis cultivation facilities (625,000 square feet) in Canada and the largest in Québec. Leveraging Québec’s low electricity costs, Cannara Biotech’s Farnham Facility will produce premium indoor cannabis and cannabis-infused products for the Canadian and international markets. For more information, visit www.Cannara.ca.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CBDNewsBreaks – No Borders, Inc. (NBDR) Files First Blockchain Provisional Patent for its CBD LabChain Platform

No Borders (OTC: NBDR) today announced that it has successfully filed the first blockchain provisional patent for its CBD LabChain platform. According to the update, the provisional patent, registered as Application Serial #62969531 with the USPTO on Feb. 3, 2020, now allows NBDR’s CBD LabChain platform to operate with “Patent Pending” identifiers and messaging. This marks the very first Patent Pending achievement for the No Borders family of companies and supports the company’s mission to impact shareholder value by building a valuable portfolio of IP assets. “It has been a long road to get to this day and I am stoked to share our first patent filing with the world! This filing marks a milestone for our Company and our amazing shareholders,” No Borders, Inc. CEO Joseph Snyder said in the news release. “We have consistently stated that No Borders is committed to building and owning a strong IP portfolio and I am proud that we have multiple Trademark approvals, in addition to this initial Patent filing. A giant thank you to both Chris Brown and the No Borders Labs teams as well as Andrew Coldicutt and Keith Alan Miller for the legal work they put in to get our filings prepped and really doing an amazing job on behalf of No Borders, Inc.”

To view the full press release, visit http://cnw.fm/EuGR8

About No Borders Inc.

No Borders, Inc. (OTC: NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority and Intellectual Property ownership across its portfolio of assets. The Company’s portfolio of brands includes:

  • No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets. (NoBordersNaturals.com)
  • No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security and transparency (NoBordersLabs.com).
  • CBDLabChain.com a powerful, Patent Pending tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate Of Authority (COA) on a blockchain technology platform.
  • No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the U.S. through the trade name MediDent Supplies (MediDentSupplies.com).

No Borders is headquartered in Arizona with resources in the U.S., South America, Asia and Europe. For more information, visit the Company’s website at www.NBDR.co.

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

About CBDWire

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420 with CNW – Hotels Still Unsure About How to React to Marijuana Legalization

One major part of the travel industry is the hotel, and with the legalization of marijuana taking place in more and more states in the U.S., hotels are facing several challenges concerning marijuana consumption.

They are faced with the issue of figuring out how to allow their guests to partake in marijuana consumption within their properties, training and drug testing their staff, and how to deal with the changing marijuana laws.

The principal of Woodmont Lodging said that the emerging trend, marijuana, is not going away, and it can be likened to casinos when they were trying their push countrywide.

Medical marijuana is legal in 33 states, while recreational cannabis is legal in 11 states, and it is okay for people above the age of 21 to partake in the act of marijuana cultivation, possession, and consumption.

In the U.S., marijuana is still listed under Schedule 1 of the Controlled Substance Act, meaning that it is federally illegal. Heroin, LSD, peyote, and ecstasy are also considered as federally unlawful.

In 2013, Deputy Attorney General Jim Cole who was working under President Barack Obama’s administration issued a directive to the federal prosecutors and told them not to interfere with states that have marijuana-friendly state laws.

President Trump’s stand on marijuana laws is uncertain because, in August, he said that he would let states decide on whether or not to legalize marijuana, but in December, Trump said that he has the authority to overlook Cole’s directive.

Jim Butler, who is a hotel lawyer, said that even though federal officials tend to ignore activities that violate the federal law but comply with state law, it is not reliable protection. Butler is also the chairman of a global group which represents hotel owners and developers. The group is called Jeffer Mangles Butler & Mitchell LLP.

Butler further said that the reputation of a hotel could be tarnished if charged with breaking federal law; for instance, it could lose its liquor license or banking relationship because banks are federally insured and may want to abstain from working with such hotels dealing with federally illegal substances.

However, guests are not deterred from using marijuana when traveling around the state because of the confusion plaguing the hotel sector. Most of the hotels have a no-smoking policy, but marijuana edibles can be ingested and have no smell.

Some hotels are experimenting with CBD-infused products in their foods, beverages, and other products. These hotels include James New York NoMad and the Standard.

Butler further said that hoteliers have many questions among them about the products and services they could provide to attract more customers and give them a competitive edge.

The partner and chair of the Hospitality, Alcohol, and Leisure Industry Group at Greenspoon Marder LLP Louis Terminello said that currently in the U.S., there are a few hotels that are marijuana-friendly in states where recreational marijuana is legal.

Terminello further said that some hotels turn a blind eye to their guests smoking marijuana, but as the issue evolves, hotels must have a place where guests can smoke freely and comfortably.

Analysts are sure that the entire cannabis industry, including players like ChineseInvestors.com Inc. (OTCQB: CIIX), would be pleased if the federal government clarified what hotels can or cannot permit in states where marijuana is legal in some form.

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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