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

CBDNewsBreaks – MCTC Holdings Inc. (MCTC) Files Fifth Patent Under Hemp You Can Feel Brand

MCTC Holdings (OTC: MCTC), doing business as Cannabis Global Inc., recently filed its fifth patent under its Hemp You Can Feel(TM) brand after lab results surpassed the company’s expectations for demonstrating cannabis particle infusion on a minuscule, undetectable basis. An article discussing the company reads, “‘We believe the uses for this advanced infusion technology are many, especially as a replacement for alcohol in various beverages,’ MCTC Holdings CEO Arman Tabatabaei stated in a news release (http://cnw.fm/zN1wC). . . . The Hemp You Can Feel innovation was introduced last month as a beverage-industry solution for delivering relaxation to consumers without the negative health effects associated with alcohol consumption. The brand’s technology is based on an all-natural manufacturing process that doesn’t depend on any chemical surfactants, stabilizers or additives.”

To view the full article, visit http://cnw.fm/XXH1o

About MCTC Holdings Inc.

MCTC Holdings, doing business as Cannabis Global Inc., is focused on delivering long-term shareholder growth and results. The company invests with confidence and determination to be at the forefront of the cannabis and CBD revolution. 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 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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For more information please visit https://www.CBDWire.com

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CannabisNewsBreaks – Marijuana Legalization in Illinois, Michigan Brings Patchwork of Legal and Cultural Snares

A recent article on Fox News by Frank Miles highlighted a patchwork of legal and cultural snares as the marijuana recreational market expands to Midwestern states. According to the article, the December 1 start of legal sales in Michigan and the January 1 start in Illinois brings to the Midwest a climate where some neighboring states allow limited marijuana use for medical purposes, but none have moved to permit recreational use. The Associated Press reported that officials have been renewing warnings against the dangers of “canna-tourism” and carrying marijuana products over state lines. In Michigan, where $4.7 million of recreational marijuana was sold in the first three weeks of December, regulators were unsure how much was bought by out-of-state customers. Many shop owners claimed brisk business, particularly from neighboring Ohio and Indiana and nearby Illinois. “There’s been people from all over,” said Bart Kupczyk, a co-owner and director of retail at Ann Arbor-based Greenstone Provisions, one of 23 Michigan retailers licensed for adult-use recreational sales. “Ann Arbor is close to Ohio. It’s a destination city in its own right as a fairly well-known college town.”

To view the full article, visit http://cnw.fm/tMn8U

About Fox News

FOX News operates the FOX News Channel (“FNC”), FOX Business Network (“FBN”), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the soon to launch OTT platform, Fox Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for more than 16 years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, Fox News is the top-cited outlet. FNC is available in 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre. For more information, visit www.FoxNews.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.

To receive instant SMS alerts, 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

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Set to Ring Nasdaq Closing Bell on January 7 in Celebration of Fit Week 2020

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced that the company will ring in the new year at The Nasdaq Stock Market Closing Bell ceremony in Times Square on January 7, 2020. YGYI executive leadership, team members and celebrity brand ambassadors will gather alongside company distributors to ring the closing bell in celebration of Nasdaq’s ninth annual Fit Week. In addition, YGYI is offering the winners of its Better Health Challenge the chance to launch the year with the company and celebrate YGYI’s ringing of the closing bell (https://ygybetterhealth.com). In conjunction with ringing the Nasdaq Stock Market closing bell on January 7, YGYI will be featured on Nasdaq’s social media and a company video will be shown on the seven story Nasdaq digital tower (https://video.youngevity.com). “Although it may sound cliché, the beginning of a new year is an optimal time to begin your pathway to betterment, and we couldn’t be more pleased to be celebrating alongside Nasdaq in recognition of Fit Week,” Youngevity President and CFO Dave Briskie stated in the news release. “Our outlook at Youngevity is truly unique when it comes to taking a holistic approach to betterment rather than focusing on the latest product and exercise trends that many times fail to provide sustainable results.”

To view the full press release, visit http://cnw.fm/Hm6VG

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI, YGYIP), is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For investor information, please visit www.YGYI.com.

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

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 instant SMS alerts, 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

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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – 5 Big Wins for the US Marijuana Industry in 2019

This year has seen several advancements for the marijuana cause, with a bevy of positive legislative changes passed. Let’s look at some of the highlights of the year.

President Trump reiterates support for respecting state marijuana laws. President Trump proved an ally to the marijuana industry when he passed the Farm Bill. He has stated more than once that he supports the right of localities to enact their own marijuana policies with little federal interference.

“It’s a very big subject and right now; we are allowing states to make that decision. A lot of states are making that decision, but we’re allowing states to make that decision,” he said in August.

The Cannabis Banking Bill was passed by the House. Due to cannabis’ murky reputation, banks shied away from working with cannabis operators, forcing them to operate on a cash-only basis, which was quite unsafe. It also kept them away from credit and loan services.

This September, the House approved a bill to let banks serve marijuana businesses without fear of repercussions from federal regulators.

A lot of states decriminalized cannabis possession. Quite a number of people are arrested every day for cannabis possession, accounting for half of America’s total drug arrests. Although Illinois was the only state to pass a new marijuana legislation law this year, several other states have removed the threat of imprisonment for people caught with small amounts of cannabis.

New Mexico Governor Michelle Lujan Grisham signed a cannabis decriminalization bill in April that treats possession of up to half an ounce with a $50 fine. In July, Hawaii Governor David allowed a marijuana decriminalization bill removing incarceration as a punishment for possession of three grams or less of cannabis for $130 fine.

Americans have shown support for legalization in droves. According to a poll by Gallup, two-thirds of Americans said they support the legalization of marijuana. A separate survey by Pew found that 67% of Americans wouldn’t mind seeing the end of cannabis prohibition.

Regulators have taken steps to implement a legal hemp market. For decades, hemp was a controlled substance, put in the same boat with its psychoactive cousin marijuana. However, the 2018 Farm Bill changed this, classifying cannabis with less than 0.3% THC levels as legal industrial hemp.

In October, the USDA published its interim final rule on hemp in a bid to regulate the industry and make it more hospitable to sellers and consumers.

All in all, this year has been instrumental in furthering the cannabis cause. We can only hope that there’s better to come. Experts believe that cannabis industry players like Hemptown USA and Marijuana Company of America Inc. (OTCQB: MCOA) are banking on the hope that as the new year beckons, things can only get better 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

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – It’s Official, South Dakota Will Vote on Medical Marijuana Measure in 2020

For a long time, cannabis was classified with hard drugs like cocaine and heroin, a move that tarnished the plant’s image for decades. It prevented proper research into the plant and most of all kept it away from people who actually needed it. As we know, cannabis has plenty of medical properties that make it an extremely potent and versatile natural alternative to pharmaceuticals.

Before the 2018 Farm Bill legalized hemp and made it possible to sell hemp extract cannabidiol (CBD), there was medical marijuana. It led the charge as far as overhauling marijuana’s image was concerned, and on top of that, helped tons of people recuperate from a variety of medical conditions.

States like Illinois, Delaware, and California already have medical marijuana programs in place, and it seems like South Dakota may join the list. The Secretary of State’s office confirmed that a statutory measure to legalize medical marijuana in South Dakota qualified for the state’s 2020 ballot.

The proposal, now officially referred to as Initiated Measure 26, was facilitated by activists who collected more than 30,000 signatures for the petition last month. “Our office conducted a random sample of the petition signatures and found 74.65 percent to be valid,” says South Dakota Secretary of State Steve Barnett.

The reform is the first cannabis reform citizen initiative that’s made it into the ballot. A few other states have such reforms in the works, including Mississippi and Nebraska.

Aside from the medical marijuana measure, there’s a second measure to legalize adult-use marijuana that the organizers hope will reach the signature threshold in time for next year’s vote. Both of the measures are backed by national advocacy groups Marijuana Policy Project (MPP), and New Approach PAC.

“Across the country, voters are recognizing that it makes no sense to waste law enforcement resources on arresting adults for marijuana possession and that it also makes no sense to force marijuana sales into an unregulated illicit market.

Simply put, legalizing, regulating and taxing marijuana is the public policy decision that best serves the interests of public health and public safety,” says MPP Deputy Director Matthew Schweich.

“Next year, voters will have the opportunity to approve a ballot initiative that would provide legal, safe, and regulated access to medical marijuana for qualifying patients.”

Schweich argues that right now, the state government is forcing otherwise law-abiding people to be criminals in order to live healthier, happier and more productive lives. “We’re going to end that heartless injustice.”

He hopes that the adult-use legalization initiative will also qualify for the 2020 ballot. “We expect that it will, and South Dakota will be the first state in American history to vote on medical marijuana and adult-use legalization initiatives on the same ballot.”

One can only imagine what marijuana companies, such as Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Dama Financial, think about the odds of these ballot initiatives during the 2020 polls.

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

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – ChineseInvestors.com Inc. (CIIX) Leveraging Diversified Revenue Streams

ChineseInvestors.com (OTCQB: CIIX) aims to assist investors in making knowledgeable investment decisions within various industries that meet the investor’s financial goals. An article discussing the company reads, “Overall, ChineseInvestors.com’s plan is to focus on its original mission of providing financial information and services to the larger Chinese community in the United States and elsewhere. Of note to investors regarding the company’s CBD initiatives is that ChineseInvestors.com CEO Warren Wang indicated that the company hopes for a Nasdaq IPO of CBD Biotech late in 2019 or early 2020 (http://cnw.fm/SqPN4). Following that, the company would concentrate on identifying an acquisition target for further growth. FinTech products and services and CBD initiatives contribute to the varied revenue streams of ChineseInvestors.com.”

To view the full article, visit http://cnw.fm/Q4nNp

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company 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 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

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – SinglePoint Inc. (SING) Exceeds $1M in Revenue During Q3

SinglePoint (OTCQB: SING), a technology and investment company, recently reported financial results that marked the largest third quarter in company history (http://cnw.fm/nUi2A). An article discussing the company reads, “Revenue for the company reached more than $1 million as SING continues to see impressive growth in both hemp and solar. In addition to reporting record-breaking revenue, the company outlined plans for continued growth moving into 2020. . . . ‘We have an exceptional strategic plan in making SinglePoint one of the biggest publicly traded companies in the smokable hemp space,’ SING CEO Greg Lambrecht stated in a news release. ‘We believe we offer investors and our current shareholders tremendous value given our leadership position in several explosive markets including ecommerce, hemp and solar. As SinglePoint continues to grow revenue and profit, we continue to strive for meeting the qualifications to apply for a listed exchange.’”

To view the full article, visit http://cnw.fm/7Q40l

About SinglePoint Inc.

SinglePoint is a technology and acquisition company with a focus on acquiring companies that will benefit from management, capital and technology integration. The portfolio includes mobile payments, industrial hemp and renewable energy solutions. Through acquisitions into horizontal markets, the company is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, SinglePoint provides products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com.

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

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 instant SMS alerts, 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

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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – A Primer on Medical Marijuana Products and Dosage Tips

There is a variety of medical marijuana products used to treat various diseases and conditions in the world today. People can use these products through various modes of delivery such as:

  • Ingestion of liquids such as oils, tinctures, and drinks infused with medical marijuana;
  • Intake of solids such as capsules or tablets, edibles, and regular foods mixed with medical marijuana oil or powder;
  • Topical administration directly on the skin. The products include creams, salves, balms, ointments, and transdermal patches;
  • Suppositories such as tablets or capsules;
  • Inhalation, which is achieved by smoking dried buds, vaping, or dabbing; and
  • Insufflation through the use of nasal sprays.

No method of delivery can be termed as perfect because each of the methods has its pros and cons. For some, the relief may be instant, while others take longer before they can feel the effects of weed, while others react with a specific area of the body.

The ability to prescribe the correct dosage of medical marijuana products to treat a medical condition is a vital element when choosing the mode of delivery. Doctors should also consider the patient’s lifestyle as well as their ability to consume drugs reliably and effectively. For example, a strong THC dosage may be effective in treating illness, but it may end up impairing drivers or people operating heavy machinery. Therefore, doctors should advise patients to take small doses at intervals during the day, which will ensure that they get all the benefits required to treat the condition.

Another factor affecting the delivery of medical marijuana is the ‘first pass effect.’ The first-pass effect is the process where enzymes found in the liver breakdown CBD and THC before they are absorbed in the brain or other body organs. This means the dosage getting to the intended location is a smaller proportion than what was ingested.

Patients should note that CBD and THC are not water soluble and that the cannabinoids mix well with fats and oils. For this reason, it is best to consume them along with a fatty meal. It is also important to note that cannabinoids are sensitive to light and oxygen; that is why weed is stored in dark bottles or shelves.

It is recommended for patients to start with low doses and see how it affects the body before increasing the dosage; this method is referred to as dose titration. It is suitable for taking THC medication.

Patients can also take minute doses of the medicine to get the positive benefits without experiencing the adverse side effects of a large dose. This method is referred to as microdosing. Patients can take a small dosage, such as 1/20 of the total dose. It is ideal for anxiety, depression, and insomnia.

Tablets and capsules are an accurate and precise method of dosing. They are easily portable and discreet as you can take them in public. They also have a long-lasting effect.

Due to technological advancements and innovations, in the future, patients will have the opportunity to choose products designed to suit their specific needs as well as advanced methods of delivery such as nasal sprays or transdermal patches capable of increasing or lowering dosages automatically.

Experts believe that marijuana companies such as Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and IONIC Brands Corp. (CSE: IONC) (OTC: IONKF), are working round the clock to perfect their products and develop novel delivery systems.

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

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – West Virginia Warms Up to Medical Marijuana

West Virginia is set to launch the application process for medical marijuana cultivators, processors, dispensaries, and laboratories by the end of this month.

They are only accepting online applications, and the application deadline is on February 18, 2020. This means that the department will not accept applications past the deadline.

In the month of November, the Director of West Virginia Office of Medical Marijuana, Jason Frame, said that the launch of the application process is a step toward availing medical cannabis to the residents of West Virginians who are suffering from serious medical ailments.

The competition for the permits will be stiff since the Bureau for Public Health in West Virginia plans on issuing no more than ten growers, ten processors, and 100 dispensaries with licenses.

The growers are expected to pay a non-refundable fee of $5,000 and a permit fee of $50,000. The processors are required to pay non-refundable application fees of $5,000, and permit fees of $50,000, while the dispensaries applicants are required to pay a non-refundable fee of $2,500 and  $10,000 license fees.

On April 19, 2017, the Governor of West Virginia signed into law the state’s medical marijuana program, indicating that it has been a long process and that it is far from over because applications will have to be reviewed, licenses issued, and the enactment of rules governing medical marijuana sales.

It will be a long wait before patients and caregivers can access medical marijuana products because all medical marijuana that is to be sold within the state of West Virginia must be cultivated and processed within the state.

The state has not indicated when it will open the applications for medical marijuana cards. There is a possibility that the first dispensary will not be opened until 2021. This makes the process from legislation to the first sale of medical marijuana a lengthy one, with estimates showing that the entire process could take more than four years.

Some of the medical conditions that will be included in the list of qualifying conditions include terminal illnesses, cancer, post-traumatic stress disorder, and chronic or intractable pain. The medical marijuana medication will be available in the form of creams, gels, liquid, pills, ointments, tinctures, and non-whole plant matter for vaping.

Physicians who want to participate in the program are required to submit an online application to the Public Health Bureau demonstrating their proficiency in treating various ailments. They are also supposed to take a four-hour course that is to be established and possess valid licenses permitting them to practice medicine in West Virginia.

It is widely accepted that the entire cannabis industry, including sector players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Cannabis Strategic Ventures Inc. (OTCQB: NUGS), will be extremely pleased when qualifying patients in West Virginia start accessing medical cannabis.

About CNW420

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

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Establishing Position as Leader in China’s Budding CBD Industry

ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang recently joined Donald Baillargeon on MoneyTV to discuss company news, such as subsidiary CBD Biotech’s recent attendance at the 2019 China Industrial Cannabis CBD Industry International Conference in Haerbing, China. An article further discussing the company reads, “Wang described the conference’s focus on the hemp/CBD industry in China, which cemented his belief that the industry has a bright future. China’s cannabis industry is in the early stage of development and has a large potential for growth. Institutional investors, analysts and fund managers who are interested in the opportunities both in China and offshore were in attendance. Legalization is slow in China, but the laws are changing, and investors are looking for potential opportunities. With approximately 1.4 billion people, China has four times the market potential of America. In a ‘Wall Street Journal’ video, titled ‘Why China is Betting Big on CBD’ (http://cnw.fm/rTcR9), the consensus among Chinese entrepreneurs is that while the U.S. is a currently a major player, the future of the cannabis industry belongs to China.”

To view the full article, visit http://cnw.fm/qF9Hn

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing (a) real-time market commentary, analysis and educationally related services in Chinese language character sets (traditional and simplified); (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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