Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Launches Project Varin to Develop New Delivery Systems for THC-V

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced Project Varin, a program to develop new delivery systems for Tetrahydrocannabivarin (“THC-V”). According to the update, THC-V is becoming known within the cannabinoid sciences arena as the “Skinny Cannabinoid” due to its purported appetite suppression qualities and potential use as a treatment against obesity-associated glucose intolerance. “THC-V is so rare and difficult to obtain, it is currently valued at around $500,000 per kilogram, which is approximately ten times the price of gold. In order for the marketplace to utilize this potentially beneficial exotic cannabinoid, new delivery systems will need to be developed to allow the amount of THC-V administered to be efficiently utilized by the human body,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “This issue of bioavailability has been a significant ongoing concern for the industry relative to many cannabinoids, but with the rarity of THC-V, the need for efficient delivery is hugely amplified. It is our goal to solve this pressing industry issue. Based on our already completed laboratory accomplishments and our patent-pending technologies, we believe this goal is within our reach.”

To view the full press release, visit http://cnw.fm/T4Uso

About MCTC Holdings Inc.

MCTC Holdings (dba Cannabis Global) is a Delaware-registered, fully reporting and audited, publiclytraded company. With the hemp and cannabis industries moving 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. MCTC was reorganized in June 2019 and announced its intent to enter the fast-growing cannabis sector and 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. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

About 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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For more information please visit https://www.CannabisNewsWire.com

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CannabisNewsBreaks – Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) Boosts Consumer Access to Quality Medical Cannabis Products via Supply Agreement

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that it has entered a supply agreement with Medical Cannabis by Shoppers, the online medical cannabis platform by Shoppers Drug Mart Inc. The agreement, which is comprised of a three-year term subject to renewal for an additional two years, highlights Organigram’s commitment to provide Canadian consumers access to quality medical cannabis products. Per the terms of the agreement, Organigram will provide Shoppers with a broad array of products such as dried flower, oils and other products as they become available in the future. “We are extremely proud to partner with Shoppers and believe that our complementary approach to the medical cannabis market will offer the full strength of our combined national networks to Canadian patients,” Organigram Holdings Senior Vice President of Sales and Commercial Operations Tim Emberg stated in the news release. “We are pleased that we will now be able to offer medical cannabis patients across the country even greater access to our growing portfolio of high-quality products.”

To view the full press release, visit http://cnw.fm/IbmT3

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the Company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the Company is regulated by the Cannabis Act and the Cannabis Regulations (Canada).  For more information, visit the company’s website at www.Organigram.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.

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420 with CNW – Why Weed Makes You Hungry

People tend to eat more after using marijuana because several separate mechanisms come together to invoke marijuana-induced appetite.

One of the mechanisms appeals to our taste buds as it makes everything yummy, while another mechanism makes us crave candy and junk food, and when the two mechanisms are bound together, they make us hungry even when full.

Talking about how marijuana induces hunger is a bit complex; therefore, to make sure that everyone understands, let us break it down into several sections that are easy to understand.

The Olfactory Bulb

This is a part of the brain that is involved in olfaction, which is a process that establishes our sense of smell.

A study conducted on animals in 2014 revealed that after consuming weed, the THC molecules bind themselves to the cellular receptors of the olfactory bulb, which enhances an individual’s sense of smell. This in turn intensifies fragrances and aromas.

Your sense of smell is closely linked with your sense of taste, providing you with a pleasurable eating experience, since food is made much yummier. Consequently, you are more likely to get the munchies once you consume weed and this part of your brain is activated.

Dopamine and Lowered Inhibitions

THC increases the levels of dopamine and lowers our inhibitions, causing some of the unhealthy food choices amongst weed consumers. This forces you to eat food you would not be otherwise caught eating, and regret hits later after the high has worn off.

The Ghrelin Hormone

In 2018, Washington State University researchers conducted a study in which they exposed rats to marijuana vapor and then observed their eating habits. The study findings showed that THC triggered a surge of the ghrelin hormone, which is responsible for signaling the brain that an organism is hungry; thus, influencing it to look for food despite it being full. This study shows what humans experience when they are high on weed and develop the urge to eat.

POMC Neurons

In 2015, researchers conducted a study on marijuana and hunger, where they found that under the influence of marijuana, POMC neuron cells in the hypothalamus alter their function.

The hypothalamus is a brain segment that links the nervous system with the endocrine system. It is responsible for hunger, thirst, circadian rhythm, sleep, and body temperature. The researchers found that under the influence of marijuana, the POMC neurons, which are responsible for sensing when one is full, shift their functions and instead detects starvation. This sends you looking for what to eat.

When one is full, POMC neurons secrete the alpha-MSH compound, which is responsible for satiety sensation, but under the influence of weed, the neurons secrete a beta-endorphin compound, which is responsible for stimulating appetite irrespective of one being full.

Tetrahydrocannabivarin (THCV)

There are marijuana strains that contain high levels of THCV, which diminishes appetite. Therefore, consumers should strive to acquire products that are rich in THCV to counter the effects of THC-induced hunger-pangs.

Therapeutic Significance

For the majority of recreational weed consumers, marijuana-induced hunger is a nuisance, but for people undergoing chemotherapy, marijuana-induced hunger is much welcome because their treatment reduces their desire and ability to eat. The muchies aren’t therefore n entirely bad thing, depending on your needs.

This could perhaps be the reason why weed companies, such as ChineseInvestors.com Inc. (OTCQB: CIIX) and Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF), always recommend that people talk to their doctor before consuming any cannabis product.

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 – Study Provides Insights into People Traveling Across State Lines to Buy Weed

American Marijuana, the company that caused a stir when it advertised a job for someone to paid to smoke weed, conducted a survey exploring people’s travel experiences in search of adult-use cannabis. They asked more than 1,000 people who had traveled to other states to buy legal recreational marijuana about their destination and what they purchased.

There was a lot of interesting feedback on the survey. The survey revealed that 36.5% of the people traveled by plane, while 57.3% traveled via automobile to buy legal marijuana in other states. It is surprising to see that quite a significant number of people went via air despite the heightened security at airports and federal law restricting the movement of weed across state lines.

Most of the states visited by the consumers did not come as a shock because they are some of the states where consumers enjoy low marijuana prices. These states include Colorado, California, Massachusetts, Washington, and Nevada. Oregon did not make it into the top list despite having low prices on marijuana products. Massachusetts is the only state in the east to make it into the list; thus, the level of traffic is most probably going to increase from other states in the coming months and years.

Fifty-two percent of the respondents said that they traveled to Colorado to buy legal weed, while thirty-three percent traveled to California. Since recreational marijuana has been legal in Colorado longer than other states, the state has a competitive edge over other states because its recreational marijuana market has matured, thus low prices overall.

Another surprising finding is that about thirty percent of the respondents who went to other states to buy legal have access to legal adult-use weed within their states. This shows that there are things that are yet to be fulfilled in many of the existing recreational states.

When people were asked what products they buy most, edibles were on top of the list. And some consumers prefer to purchase and evade the long process of making your edibles.

Flower was the second, followed by pre-rolled joints and CBD oils on the list of products bought by the respondents.

While analyzing the survey, it was noticed that a lot of the consumers spent a significant amount of money buying legal weed in other states. If the consumers had legal marijuana shops nearby, time would have been saved and allocated to more appropriate tasks.

Industry analysts believe that the findings of this survey will give marijuana-related companies, such as HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) and MCTC Holdings Inc. (OTC: MCTC), plenty to think about regarding how best to serve their target customers.

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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HempNewsBreaks – MCTC Holdings Inc. (MCTC) CEO Recaps Management Restructuring, Strategy Adjustment

MCTC Holdings (OTC: MCTC), a cannabinoid science-forward company developing unique hemp-infusion technologies, recently issued a letter to shareholders from CEO Arman Tabatabaei. An article discussing the company reads, “MCTC reorganized its management in May and redirected its budding strategy from hemp cultivation and post-harvest processing segment to the science of hemp extract and cannabinoid biodelivery, avoiding ‘many of the well-publicized issues currently being experienced in the hemp sectors’ while wholeheartedly embracing the underserved market pertaining to how cannabinoids are best utilized by the human body, Tabatabaei states in his letter (http://cnw.fm/6rbBI). . . . ‘In only a few months, through our internal development efforts and through the efforts of our CROs (contract research organizations), we have begun to make an impact within the cannabinoid sciences arena. . . . We think our cutting-edge research and development work in the laboratory is just getting started,’ Tabatabaei adds.”

To view the full article, visit http://cnw.fm/W3tTJ

About MCTC Holdings Inc.

MCTC Holdings (dba Cannabis Global) is a Delaware-registered, fully reporting and audited, publiclytraded company. With the hemp and cannabis industries moving 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. MCTC was reorganized in June 2019 and announced its intent to enter the fast-growing cannabis sector and 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. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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CannabisNewsBreaks – technical420 Highlights Three Cannabis Stocks it Believes are Well Positioned to Rebound from 2019 Vape Crisis

A recent articlel by Anthony Varrell of technical420 reviews the 2019 vaping health crisis that put tremendous pressure on the entire sector, as well as companies believed to be well positioned to rebound. These include 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), Aurora Cannabis (TSX: ACB) (NYSE: ACB) and Vext Science (CSE: VEXT) (OTCQX: VEXTF). “During the last few years, we have been closely following the vape market and have been identifying leaders in the high-growth vertical. During this time, we have seen public companies come in and consolidate the vape market and have been favorable on this trend,” Varrell writes. “Although we have been favorable on these acquisitions, the companies that focused on the vape opportunity were especially impacted by the vaping health crisis. We believe that the recent weakness is overdone and believe that these companies are well positioned to record strong growth in 2020 and beyond.”

To view the full article, visit http://cnw.fm/I2Bzj

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.

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 – Grapefruit Boulevard Investments, Inc. (IGNG) Enters Reseller LOI with Pacific Banking Corp.

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), today announced its entry into a non-binding reseller letter of intent (“LOI”) with Seattle, Washington based Pacific Banking Corp. (“PBC”). Under the agreement, Grapefruit will market PBC’s unique, innovative and compliant banking services to properly licensed and compliant cannabis and hemp companies in Southern California which meet certain PBC qualitative criteria and metrics. “Our relationship with Mr. Costello grew to the point that on or about September 11, 2019, we appointed him to be the first member of our Strategic Advisory Board. Now that we are comfortable using PBC’s banking service, we will team up with PBC to offer PBC’s banking solutions in Southern California to properly licensed, compliant hemp and cannabis companies which pass PBC’s client screening regimen,” Grapefruit CEO Bradley J. Yourist said in the news release. “We will only accept companies that demonstrate bulletproof compliance and ethical corporate governance. Over the next thirty days, Grapefruit and PBC will negotiate a definitive agreement. Once the definitive agreement is finalized and executed Grapefruit will work with PBC to commence marketing PBC’s specialized cannabis and hemp banking services in Southern California.”

To view the full press release, visit http://cnw.fm/5ep4E

About Grapefruit Boulevard Investments Inc.

Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis Company. To obtain further information on Grapefruit and its operations, please visit its website at www.Grapefruitblvd.com. To learn more about Grapefruit’s Sugar Stoned branded line of cannabis and CBD infused edibles, please visit www.SugarStoned.com.

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

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 – Green Hygienics Holdings Inc. (GRYN) Secures Investment from TRITON FUNDS; Unveils New Corporate Website URL

Green Hygienics Holdings (OTCQB: GRYN), an innovative, premium-cannabis cultivation and branding enterprise, on Tuesday announced that it has obtained an investment from TRITON FUNDS, a La Jolla, California-based investment firm. TRITON will take on an advisory board role with GRYN and purchase a promissory note in the principal amount of up to $750,000, which is convertible into common shares at a conversion price of $2.50 each, and a warrant to purchase up to 250,000 shares at an exercise price of $3.00 each. In accordance with the terms of the transaction documents, both the note and the warrant are subject to vesting conditions. In addition, the company revealed its new corporate website URL (www.GreenHygienics.com). “We are excited to work with TRITON and its team of vested students, alumni, scientific advisors and industry advisors,” Green Hygienics Holdings CEO Ron Loudoun stated in the news release. “Additionally, TRITON has an extensive investor network, and we anticipate these assets will help bring more awareness to the Company while potentially opening some new relationships for business development.”

To view the full press release, visit http://cnw.fm/hDX53

About Green Hygienics Holdings Inc.

Green Hygienics Holdings is an innovative, full-scope, science-driven, premium-hemp branding enterprise focused on the cultivation and processing of industrial hemp for cannabidiol (“CBD”). The 2018 U.S. farm bill removed hemp from Schedule I controlled substances (defined as cannabis with less than 0.3% THC), making it an ordinary agricultural commodity. GRYN’s mission is to grow the company in a sustainable and profitable manner to be one of the largest industrial hemp-for-CBD producers in North America. The company will adhere to the highest standards of operations in consistently delivering safe and premium-quality products to consumers. GRYN intends to be a leader in FDA cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD marketplace. The company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products, creating trusted global consumer brands, developing valuable IP and growing the company rapidly through strategic acquisitions. For more information, visit the company’s website at www.GreenHygienics.com.

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

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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420 with CNW – Why the Thai Military Regards Medical Marijuana as Top Priority

The Ministry of Public Health in Thailand launched the first full-time medical marijuana clinic in Bangkok earlier this month. The launch was led by the conservative, military-dominated government, whose main aim is to make Thailand the regional producer and distributor of medical marijuana.

Marijuana extracts are approved for treating a wide range of diseases and conditions such as Alzheimer’s, anxiety, cancer, epilepsy and Parkinson’s disease.

More clinics will be opened in greater Bangkok as promised by the government, and through a specialized smartphone app, patients would be able to book appointments.

Dr. Ganja, a mascot, is campaigning for the government to promote medical marijuana. Dr. Ganja is an approachable and level –headed scientist. Another supporter of legal marijuana is the Thailand Prime Minister who is also a former military general, Prayut Chan-o-cha.

Discussed below is where the push for developing the legal marijuana industry in Thailand started and whether it could be the gateway for further drug use liberalization in South East Asia.

When the Push Towards Medical Marijuana Started in Thailand

Marijuana was outlawed in Thailand in 1935, and before that ban, it had always been a part of traditional medicine and a cooking ingredient. It had also been used as a form of pain relief.

The legalization of medical marijuana in Thailand took place in December 2018, making Thailand the first country in South East Asia to legalize marijuana. It was legalized through an amendment of the 1979 Narcotic Act, thereby approving the use of marijuana for medicinal and research purposes.

The Ministry of Health in Thailand has a website containing information about marijuana cultivation, medical research, and the status of marijuana in Thailand, and the public can browse through the website to educate themselves.

The cultivation of medical marijuana can now be done by government agencies, institutions of higher education, agricultural producers, entrepreneurs, and medical professionals.

The first medical marijuana research institution was launched in 2019 by Rangit University in Bangkok. Harsh penalties are still being imposed on those found possessing and trafficking marijuana.

Why Thailand Decided to Promote Medical Marijuana

The military-dominated government recognized the vast business opportunity and tax revenue to ensue from the legalization of medical marijuana, and this could have been a strong motivator for legalizing the industry.

Besides, having watched how the marijuana market in North America has grown, increased revenues, and created thousands of jobs, the Thai government had to venture into the medical marijuana industry.

Prohibition Partners is a marijuana market research firm, and it estimated that by 2024, the Asian medical marijuana market could be worth $8.4 billion. The managing director of Prohibition Partners, Daragh Anglim, said that a well regulated medical marijuana market across Asia could help transform patients’ health, farmers, and the economy. The firm further estimated that Thailand’s legal marijuana market could be worth about $958 million by 2024.

Being one of the largest medical tourism destinations across the globe, Thailand officials would like to provide medical tour packages such as detox, massages and other wellness services using medical marijuana products, said the tourism minister, Pipat Ratchakitprakan.

Could it Be the Gateway to the Broader Legalization of Marijuana?

A recent poll shows that 80% of Thai citizens are in favor of full legalization of marijuana, reported the Bangkok Post. This indicates that Thailand could be on the path of legalizing adult-use marijuana, but the military is still opposed to adult-use recreational marijuana.

Nevertheless, the steps that they have taken to avail medical marijuana to the patients who need it the most may have won applause from industry players like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Neutra Corp. (OTC: NTRR) who would like patients from all parts of the world to have the option of using medical marijuana to manage their conditions.

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 – Marijuana Amnesty Boxes Installed at Chicago Airports

Marijuana amnesty boxes have been installed in two airports within the city of Chicago. The two airports are O’Hare International Airport and Midway Airport. The amnesty bins are for passengers to dispose of their adult-use marijuana before boarding a plane.

The airports had the marijuana amnesty boxes fitted at the end of December so that they would be there on January 1 this year when recreational marijuana sales become legal in Chicago. The boxes are located near the TSA checkpoints.

However, the TSA and the state police focus is not on individuals carrying marijuana because it is legal to possess marijuana while you are at the airport but illegal to fly with any substance. This is because marijuana is still federally illegal, and the federal government regulates all U.S. airspace.

Speaking to Fox News, a spokesperson for TSA said that although the TSA does not search the passengers for marijuana products such as edibles, under federal law, they are required to report any discovery of drugs or any other illegal substances. The local police are then left to determine further action after locating people carrying weed.

Chicago Tribune reported that the Department of Aviation in Chicago and the police were tasked with overseeing the marijuana amnesty boxes. The cops would empty the amnesty bins regularly, file a report on the contents of the box, and then dispose of all the materials that were dropped in the amnesty boxes by the passengers.

The trend of installing marijuana amnesty boxes at airports is gaining popularity because Chicago is not the first airport to have them fitted. Marijuana amnesty boxes were also previously provided in McCarran International Airport in Las Vegas and Colorado Springs Airport in Colorado for passengers to dispose of their marijuana before boarding flights.

In Las Vegas, the boxes are located at all the high traffic areas outside of the airport and within the airport car rental area. The Department of Aviation installed the amnesty bins after Clark County established a marijuana possession and advertising ban at the airport in September of 2019, reported The Las Vegas Sun.

Speaking to The Associated Press, McCarran spokeswoman, Christine Crews, said that the amnesty boxes were fitted outside the airport to help people comply with the ban issued by Clark County. She also said that the boxes would be monitored to prevent any tampering. She further said the content of the boxes would be disposed of multiple times a week by a hired contractor.

She added that any individual who does not comply with the rules and is found carrying weed at the airport would be dealt with by the Las Vegas Metro Police.

Placing the “marijuana amnesty bins” at airports is a good move that allows any passenger who still had weed on them to get rid of it safely before boarding a flight, and experts believe that weed companies like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) may be hoping that the airport authorities will go a step further and use the public address system to remind travelers to use the amnesty bins.

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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