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 – Missouri Advocates Launch 2020 Marijuana Legalization Signature Drive

On Thursday, Marijuana advocates in Missouri officially launched a campaign to put adult-use marijuana legalization on the November ballot.

The measure requires 160,199 valid signatures to be entered in the 2020 ballot, and Missourians for a New Approach announced that they have started collecting the signatures to qualify the measure. Their announcement comes a month after the secretary of state certified the ballot titles and gave the go-ahead for signature collection.

The legislation provides that individuals aged 21 and above would be permitted to carry and purchase marijuana from licensed retailers. They could also grow a maximum of three plants for personal consumption.

The measure also provides that all marijuana sales would be subjected to a 15% tax, and proceeds from the tax would be used to fund veteran services, drug misuse treatment, and prevention projects. According to the state fiscal analysis estimation, by 2025, a regulated marijuana market would be able to generate $155 million yearly.

The legislation would also allow for the expungement and resentencing of people previously convicted of marijuana-related crimes.

The Missourians for a New Approach campaign manager John Payne said in a press release that eleven other states, including neighboring Illinois, have successfully regulated and taxed recreational marijuana, enabling those states to benefit from taxes on marijuana sales. Payne further said that the residents of Missouri are in favor of recreational marijuana legalization, taxing, and regulating its consumption and that they are excited that voters will have a chance in November to decide on the measure.

The group is supposed to submit enough signatures not later than May 3, and the Missourians for a New Approach campaign efforts are backed by the Marijuana Policy Project (MPP) and New Approach PAC. The campaign is lead by Payne, who was also involved in the successful medical marijuana legalization, which was approved by voters in 2018.

At the beginning of January, Missouri NORML and all of the state’s local chapters voted in favor of the legislation.

Missouri’s NORML state coordinator Dan Viets said that it is time to stop treating marijuana consumers like criminals. He also said that the state should regulate and tax marijuana just like they do with alcohol. Viets is also the Missourians for a New Approach Board Chair.

Local governments would be allowed to prohibit recreational marijuana businesses within their jurisdiction until the next general election after the 2020 elections. Afterward, local governments can prohibit marijuana businesses via voter approval.

If their campaign is successful, Missouri will be among the growing number of states such as Mississippi, South Dakota, and New Jersey looking to legalize marijuana through the ballot.

Marijuana advocates predict that before the elections, other states will place their initiatives on the ballot.

Many industry watchers believe that pot companies like MCTC Holdings Inc. (OTC: MCTC) are optimistic that the campaigners will succeed in getting the measure on the ballot, and that voters will also support full legalization.

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) Prevails in Long-Lasting Lawsuit with New York Lender

LiveWire Ergogenics Inc. (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, announced that it has prevailed in a long-lasting lawsuit with America E Group. According to the update, United States District Court Judge Gregory H. Woods of the United States District Court for the Southern District of New York on January 28, 2020, issued an opinion and order in the action entitled, American E Group LLC v. Livewire Ergogenics Inc. (18-civ-3969) that granted Livewire Ergogenics Inc’s (“Livewire”) motion to dismiss all of Plaintiff American E Group’s (“AEG”) claims against Livewire. The Court additionally denied AEG any attempt to reassert its claims because any attempt to do so would be “futile.” AEG’s dismissed claims sought, as consideration for a loan that had been made to the Company, the recovery of principal and interest and issuance of Livewire stock; however, The Court held that AEG’s loan to Livewire was criminally usurious and, therefore, void under New York law. Livewire’s counterclaims against AEG for aiding and abetting breach of fiduciary duty, breach of implied covenant of good faith and fair dealing and civil conspiracy are still pending.

To view the full press release, visit http://cnw.fm/LA5yE

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.

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CannabisNewsBreaks – Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) Announces Upsizing of Financing, Working Capital to Continue Progress on Growth Objectives and Expansion Efforts

Jushi Holdings (CSE: JUSH) (OTCQX: JUSHF), a globally-focused, multi-state cannabis and hemp operator, today announced the receipt of $35.65 million in proceeds and $9.56m of exchanged debt in connection with the Company’s previously announced debt financing. “We are pleased with the upsizing of our financing providing working capital that will allow Jushi to continue making progress on its growth objectives and expansion efforts into 2020 and beyond,” Jushi Chairman and CEO Jim Cacioppo said in the news release. “This capital will support our continued investment in each territory we are currently operating in, positioning Jushi to achieve US$200 to $250 million in revenue in 2021.”

To view the full press release, visit http://cnw.fm/06BiO

About Jushi Holdings Inc.

Jushi Holdings is a globally focused cannabis and hemp company led by an industry leading management team. In the United States Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information, please visit www.JushiCo.com.

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Appoints Cannabis Industry Veteran Robert L. Hymers III as its Chief Financial Officer

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique hemp infusion technologies, today announced its addition of cannabis industry veteran, Robert L. Hymers III, as its chief financial officer. Hymers, who currently serves as a director of the Company, brings an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management along with a deep understanding of the hemp and cannabis industries. “The addition of Robert Hymers to the management team significantly strengthens our Company,” MCTC Chief Executive Officer Arman Tabatabei said in the news release. “He brings a unique combination of financial knowledge, executive insight and managerial talent that will help us not only in financial reporting and compliance, but also relative to both strategic planning and tactical execution. We welcome Robert to his new role with the MCTC family.”

To view the full press release, visit http://cnw.fm/3vPYD

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

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420 with CNW – Arizonans Spent More Than $500M on Medical Marijuana in 2019

Last year, Arizona residents spent more than half a billion dollars on medical marijuana, an increase from the previous year, which is an indication of marijuana prevalence within the state. This year voters will decide whether to legalize adult-use marijuana during the November elections.

According to a year-end report from the Department of Health Services in Arizona, as of December 2019, there were 220,000 registered medical marijuana patients in the state’s program. Last year, these patients bought approximately 83 tons of marijuana.

Compared to the number of tons purchased in 2018 (61 tonnes), there was a 36% increase, and the number of patients increased by 18% over the course of one year.

The patients purchased most of the marijuana in dry flower form, which was equivalent to 75 tons. The patients also bought around 6,000 pounds of marijuana edibles and 9,226 pounds of other types of marijuana concentrates.

The state sold marijuana worth about $580 million, with each pound of marijuana was sold for an average cost of $3,500. Some of the retail marijuana outlets sell high-end cannabis, which goes for not less than $300 an ounce or approximately $5,000 per pound.

Although the price of weed was expected to drop as marijuana producers increased their efficiency, in 2018, a report commissioned by Arizona dispensaries estimated that the average retail price of marijuana stood at around $4,800 per pound.

Arizona is pushing for recreational marijuana legalization, and the latest quarterly campaign finance reports show nearly $446,000 in contributions from business from the month of October to December. Thirteen individuals also contributed approximately $1,700 towards the campaign efforts.

So far, the overall contributions were $1.6 million for the Smart and Safe Arizona Act. Since September, advocates and supporters of the measure have been collecting signatures to place the bill on the 2020 ballot.

According to the measure, people aged 21 and above would be allowed to possess an ounce of marijuana, while the issue of potency is left to the state to decide.

If the measure is voted for, the act will allow the sale of adult-use marijuana at the existing 130 medical marijuana dispensaries in the state as well as at an additional 26 licensed retail outlets which are aimed at ensuring social equity. The 26 retail outlet permits would be issued to individuals from communities that were adversely affected by prohibition.

The recreational marijuana legalization efforts in Arizona are financed by the existing medical marijuana dispensaries.

In the past quarter, Harvest Health and Recreational Inc. dispensary based in Tempe contributed $250,000. The dispensary is on the way to becoming the largest legal marijuana retailer in the U.S.

MedMen Enterprises Inc. also contributed $200,000 in October. However, the company recently sold its three medical marijuana dispensaries located in Arizona.

Analysts think that going by the sales figures for the medical marijuana market, cannabis companies like MCTC Holdings Inc. (OTC: MCTC) are certain that those glowing figures will pale in comparison to what the recreational market will generate once it is legalized.

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420 with CNW – Canadian Monthly Pot Spending Exceeds $100M for the First Time

In business, a year can make a huge difference. At this time last year, pot stocks were untouchable as they were flying high, and most of the brand-name companies were expecting recurring profitability by the time 2019 comes to an end, but the reality of the situation was the opposite of their expectations. Some of the states in the U.S. have imposed high tax rates on marijuana sales, persistent supply challenges in Canada and the ever-growing marijuana illicit market posed a significant challenge to the legal marijuana industry in 2019 and these challenges eventually managed to push a several of the popular marijuana stocks to two-year lows.

However, hope that pot stocks will bounce back is not lost because last week, Statistics Canada issued its monthly retail trade sales report for the month of November which showed that marijuana sales hit a new all-time high, something which was unexpected since the pot industry in Canada is still facing supply and illicit market challenges. In the month of November 2019, marijuana sales jumped to $100 million. Below is a snapshot of the store sales progress since recreational cannabis sales started on Oct 17, 2018:

October (2018): C$53.68 million ($40.6m)
November (2018): C$53.73 million ($40.7m)
December (2018): C$57.34 million ($43.4m)
January: C$54.88 million ($41.6m)
February: C$51.66 million ($39.1m)
March: C$60.94 million ($46.2m)
April: C$74.58 million ($56.5m)
May: C$85.81 million ($65m)
June: C$91.46 million ($69.3m)
July: C$107.36 million ($81.3m)
August: C$125.95 million ($95.3m)
September: C$122.93 million ($93.1m)
October: C$128.98 million ($97.7m)
November: C$135.75 million ($102.8m)

Wall Street forecasts that in 2024, the marijuana industry will generate $5 billion in annual sales. Since recreational marijuana sales were launched in Canada on Oct. 17, 2018, the marijuana market in the country has generated a total of $916.6 million in revenues.

Marijuana sales in Canada could make a significant leap in 2020 because Wall Street and investors are hoping that the increase in marijuana sales is just the tip of the iceberg. Two significant changes are expected to increase cannabis demand by customers and minimize the supply challenges hindering weed sales. These changes include the launch of high-margin derivative products, which started last year, mid-December. The products are appealing to the younger generation of users who have shown a willingness to purchase these products, which include vapes, edibles, topicals, concentrates, and infused beverages.

The second change is the long-awaited dispensary permit reform in Ontario, which has the largest population of Americans in Canada. Thirty-eight percent of Ontario residents are Canadians, and the state has only 24 operational marijuana retail outlets, which are not enough to serve the large population, forcing most to turn to the black market. Ontario hopes to have around 250 dispensaries by the end of 2020.

Experts believe everything is looking up for the industry, and pot companies like SinglePoint Inc. (OTCQB: SING) could be looking forward to getting their fair share of that pie this year.

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CBDNewsBreaks – No Borders Inc. (NBDR) Leverages Blockchain Technology to Provide Security to Cannabis Industry

No Borders (OTC: NBDR) has developed a blockchain data-security platform called CBD Lab Chain that utilizes Ethereum blockchain technology to deliver supply-chain transparency. An article discussing the company reads, “No Borders is a multifaceted brand-development and marketing business using its new blockchain-technology platform, CBD LabChain, to protect consumers and securely inform them of the supply-chain safety of cannabidiol (‘CBD’) products, which are potentially susceptible to chemical taints, inordinate tetrahydrocannabinol (THC) drug levels and incorrect CBD quality claims. The technology is currently used to safeguard CBD products developed by another subsidiary, No Borders Naturals, but has since become a potential revenue stream through sales to outside CBD retailers (http://cnw.fm/bfuR4). . . . Blockchain uses a series of digital ‘blocks’ in sequence as electronic, signed receipts for every event that occurs in a transaction or chain of transactions involving a product. No Borders Labs’ CBD LabChain anticipates revenue from its technology through fees from companies dedicated to demonstrating the transparency of their product chain through lab test results that occur along the plant-to-product shelf route to the consumer.”

To view the full article, visit http://cnw.fm/vJ2C5

About No Borders Inc.

No Borders 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 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.
No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the United States through the trade name MediDent Supplies (MediDentsupplies.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 infrastructures for greater efficiency, security and transparency (NoBordersLabs.com).
CBDLabChain.com, which is a powerful 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. With a goal to provide consumers with peace of mind, No Borders Labs designed CBD LabChain to record THC, CBD and other lab-test data variants with those results easily accessible via QR code linkage as well as a clear Results Guaranteed with Blockchain icon, which can be integrated directly into individual product labels.

No Borders is headquartered in Arizona with resources in the United States, 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

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 – technical420 Highlights Five Cannabis Businesses Positioned to Benefit from Global Industry Growth

Five cannabis industry players were recently highlighted in an article authored by Anthony Varrell on technical420 titled ‘The Cannabis Trade Continues To Be “The Big Long” Amid Rapid Global Growth’. The article identifies Canopy Growth (TSX: WEED) (NYSE: CGC), Canrim Growth Group, Aleafia Health (TSX: ALEF) (OTCQX: ALEAF), MediPharm Labs (TSX: LABS) (OTCQX: MEDIF), and Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) as cannabis businesses that are set to benefit from the anticipated growth within the cannabis industry. “An important trend that we have identified in the cannabis sector is related to the expected growth of the industry from a revenue standpoint. Over the next decade, the global cannabis industry is forecast to witness unprecedented growth as new markets come on-line and existing markets mature,” StoneBridge Partners Managing Director Anthony Varrell writes. “Estimates associated with the legal cannabis industry have been increasing and we are favorable on the implications this will have on the companies that are capitalizing on the global cannabis market.”

To view the full article, visit http://cnw.fm/0dNW7

About technical420

Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.com.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Discusses Impressions over the Coronavirus on MoneyTV with Donald Baillargeon

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. This week’s program featured CIIX CEO Warren Wang as he discussed his impressions over the Coronavirus. “I’m not a doctor; I cannot say that CBD can help your immune system,” Wang stated in the interview, indicating that, based on his experience and other sources such as YouTube, he believes that CBD has the potential to help. “So, I think our focus in the next six to 12 months is really selling the CBD oil to the Chinese population in the [U.S.]. I think it is a tremendous, tremendous opportunity. We are only one of a few companies trading on the OTC to sell CBD Oil to Chinese people in the [U.S.].”

To view the full press release, visit http://cnw.fm/sD0tF

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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420 with CNW – First Cannabis Consumption Lounge Gets Approved in Illinois

Illinois launched recreational marijuana sales on Jan. 1, and less than a month later, the state is planning to open the first marijuana consumption lounge where people would be allowed to use marijuana freely on-site.

Springfield City Council approved a marijuana consumption lounge with a vote of 9 to 1. The HCI Alternatives consumption lounge will be located in the downtown area of Springfield.

Illinois has allowed people to consume marijuana in the comfort of their residences. But, with the approval of marijuana consumption lounges, fans can now consume weed socially away from their homes.

Springfield Alderwoman Doris Turner said that the reason they approved the opening of marijuana lounges was to ensure the safety of people looking to consume marijuana, which is now legal in the state of Illinois. Individuals aged 21 and above are allowed to possess and consume marijuana in the state. Turner further said that she believes that people would be more comfortable and responsible, and they will behave similarly to how they behave when they go to a bar.

The sole dissenting councilman, Alderman Joe McMenamin, said that he was concerned over the consumption of both alcohol and marijuana in the state of Illinois.

During the first day of recreational marijuana sales in Illinois, the dispensaries sold marijuana worth approximately $3.2 million, and the state dispensaries are experiencing a marijuana supply shortage; thus, not meeting the demand of its residents.

The need for safe consumption sites is on the rise as more and more states legalize recreational marijuana.

In the United States, Social Consumption Lounges are places where people can socialize while freely using marijuana, and the lounges are gaining popularity since more places can be seen establishing the consumption lounges.

Speaking to the State-Journal-Register, the owner of HCI, Chris Stone, said that he expects the marijuana lounge to be opened in April. He also said that he hopes that it will be an inspiration for the establishment of other lounges in Illinois.

Stone further said that since it is the first time they are looking to open a consumption lounge in Illinois, they are hoping that in the next three or four months, they will have developed a model that can be used by other businesses looking to venture into the same thing.

Stone also told the news outlet that people could use the movie theater behind the company’s facility to learn how to make marijuana-infused edibles.

Lowell Farms is a Cannabis Café that was opened last year in October in West Hollywood. The café has both an indoor and outdoor patio where people can consume marijuana. The café also sells marijuana products such as flower, concentrates, and edibles.

It is widely believed that cannabis industry players, such as MCTC Holdings Inc. (OTC: MCTC) and Dama Financial, are pleased to see a gradual acceptance of marijuana consumption lounges since it is only logical that there should be a way for people to consume legal marijuana in regulated places outside their homes.

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