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 – Youngevity International Inc. (NASDAQ: YGYI) Announces Payment Timing of Regular Monthly Dividend for Series “D” Cumulative Redeemable Perpetual Preferred Stock

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced the timing for the payment of its declared regular monthly dividend of $0.203125 per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ: YGYIP) for December 2019. According to the update, the dividend will be payable on January 15, 2020 to holders of record as of December 31, 2019. The dividend will be paid in cash.

To view the full press release, visit http://cnw.fm/GqK90

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

Do you have a questions or are you interested in working with CNW? Ask our Editor

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Denver, Colorado
www.CannabisNewsWire.com
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Reveals Cannabis 2.0 Products

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, today announced its new Cannabis 2.0. products set to come to market in the coming months across Canada.  According to the update, VIVO will focus on the vape, chocolates and concentrates categories leveraging its premium adult-use cannabis brands including Canna Farms(TM) and Fireside(TM). “VIVO is committed to changing the way people view cannabis and to enhancing lives.  I’m delighted with our Cannabis 2.0. offering,” VIVO CEO Barry Fishman said in the news release. “The range is robust and stretches across multiple new legal categories including vapes, chocolates, and concentrates that include kief, rosin, bubble hash, wax and shatter.  Coupled with our commitment to quality and consistency in supply, I’m confident that our range of products will help to play a role in decreasing the size of the illicit footprint.”

To view the full press release, visit http://cnw.fm/uJTd2

About VIVO Cannabis(TM)

VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), FIRESIDE(TM), Canna Farms(TM) and Lumina(TM). In August 2018, VIVO acquired Canna Farms, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a free telemedicine service. VIVO has a healthy balance sheet and is well-positioned to accelerate its growth in Canada and internationally. For more information, visit the company’s website at www.VivoCannabis.com.

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

About CanadianCannabisWire

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

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

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

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

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HempNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Success at MJBizCon on MoneyTV with Donald Baillargeon

Technology and investment company SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. This week’s program featured SinglePoint CEO Greg Lambrecht as he reflected on the company’s success at MJBizCon and spoke of the launch of its 1606 Original Hemp Cigarettes and the positive reaction to the brand.

To view the full press release, visit http://cnw.fm/E73kD

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar renewables, Hemp and distribution tobacco products. SinglePoint is working to grow to a multi-national brand. 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 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.

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

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

Please see full terms of use and disclaimers on the HempWireNews website applicable to all content provided by HNW, wherever published or re-published: https://www.HempWireNews.com/Disclaimer

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420 with CNW – Top 5 Holiday Destinations for Marijuana Lovers

Marijuana destinations are a trend that is accelerating in the travel industry across the globe. This is because marijuana fans are always on the lookout for the next adventure and they love trying out new things.

If you are a weed fan and you are looking to go on a cannabis vacation, get your gear ready because listed below are the five best marijuana destinations.

  1. Colorado, USA

The legalization of recreational marijuana and sale of marijuana in the U.S. was first done in Colorado and the state is the largest medical marijuana market in the United States. Cannabis is cultivated throughout the state of Colorado and the industry is well-regulated, so you should not have any concerns about the products you access from licensed retailers.

There are many marijuana retail outlets in the state; however, consumers are prohibited from consuming marijuana at the outlets. Colorado has recently approved the opening of social lounges. where people can smoke weed.

  1. Vancouver, Canada

Recreational marijuana is legal all over Canada. The country legalized adult-use marijuana in October 2018, and since then, tourists have been flocking Canada. Medical marijuana is also authorized in the state. Cannabis fans are especially attracted to Vancouver and British Columbia Island, so you might be well-advised to try these destinations if you visit Canada.

  1. Spain

In Spain, the city of Madrid and Barcelona have many registered marijuana social clubs and one must apply and have their membership activated by the government before they can be admitted into the marijuana clubs. The clubs are hidden in strategic places away from the public eye. Each city has its restrictions and rules and the clubs provide consumers with a wide variety of high-quality marijuana.

Getting the consumer social clubs membership activated in Spain takes a minimum of two weeks; therefore, it is essential for anyone planning to visit Spain to schedule their vacation around the date of their member activation.

  1. The Netherlands

Amsterdam is among the top destinations for marijuana fans. For several decades now, the police force has been instructed by the government to ignore coffee outlets selling marijuana.

It is prohibited to cultivate marijuana for commercial purposes, yet the Netherlands still collects enormous amounts of revenue from marijuana sales.

  1. Jamaica

Jamaica is the home of the Rastafarian religion and reggae music, and marijuana is the unofficial symbol of Jamaica. For decades, marijuana has been a massive part of Jamaican culture as well as an inspiration for the reggae musicians. Jamaica has not officially legalized marijuana, but the government has decriminalized weed.  If you are looking to consume the best cannabis in the world, Jamaican citizens can help you find a safe place to smoke.

In Jamaica, people can possess up to 57 grams of weed, and they can consume it at home or licensed dispensaries.

Although the consumption of marijuana is legal and is allowed in the jurisdictions above, it is essential to familiarize yourself with the rules and laws in the said states before traveling. That information is precisely what marijuana industry actors like Green Hygienics Holdings Inc. (OTCQB: GRYN) and ChineseInvestors.com Inc. (OTCQB: CIIX) always encourage cannabis users to get before trying any product anywhere.

About CNW420

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

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

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420 with CNW – Tech Companies Launch First Digital Payment Platform for Marijuana

For several years since American states started legalizing marijuana, the most significant challenge has been the issue of dealing with finance since financial institutions such as banks and credit unions were wary of conducting business with marijuana companies. This is because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, hence making it illegal.

The marijuana industry has been forced to operate on a cash basis due to a lack of access to financial institutions, and this has led to a load of challenges such as slower payments and vulnerability to theft.

The inability of marijuana businesses to transact with financial institutions has affected the sector from the back end supply chain to the final consumer.

A platform that could revolutionize the financial system of marijuana businesses has been launched by two technology companies, Wayv and Hypur. Wayv has been added to Amazon to help marijuana companies sell their products.

The two companies provide marijuana business with a payment platform where a marijuana business can accept credit cards like for any other transactions. This allows marijuana brands to distribute products to retailers on credit. And Wayv auto-debits the retailers on the due dates.

The payment dashboard on the Wayv system allows brands to track payments for purchases, and due dates of retailers’ credits. The system also calculates taxes and fees automatically.

The payment platform is designed in a manner that ensures that the businesses are compliant in every single step. This ensures transparency by enabling marijuana companies to conduct digital transactions just like any other business.

Speaking to High Times, the CEO of Wayv, Keith McCarty, said that the payment platform is integrated with compliance systems, which makes it impossible to carry out noncompliant actions. The system creates a level of trust that allows the banks to embrace and adopt the system.

The Wayv platform provides marijuana business with a fast mode of digital payments system throughout the supply chain, and Wayv may eventually change how the marijuana industry operates.

Finance has been a significant issue in the marijuana supply chain, which eventually affects the consumers, said McCarty. Consequently, if money is not sufficiently flowing within the marijuana brands, it will be difficult to reinvest in raw materials and infrastructure to meet the demands of the consumers.

Wayv introduced a Dynamic Distribution Platform in the market earlier this year. The platform helps transform the marijuana supply chain into a design such as that of Amazon with a streamlined process. The system facilitates transactions between marijuana brands and retailers whereby retailers can shop brands, choose products, and place product orders from the easy to use interface. The products are then shipped to the retailers within a day using Wayv specialized logistics procedures.

California is the only city where businesses and consumers can use Wayv. However, the company is looking to expand to other states.

Speaking to High Times, McCarty said that the turnkey solutions platform was designed for the marijuana industry. He also adds that the platform was built by experts who have extensive knowledge of cannabis.

Industry watchers see the introduction of this payments platform as good news for marijuana industry actors like Youngevity International Inc. (NASDAQ: YGYI) and LiveWire Ergogenics Inc. (OTC: LVVV) who now have one more option to handle their payments digitally.

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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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Agrify’s Fully Integrated Group Container Solution Selected by EOS Farm

Agrify, a developer of premium indoor grow solutions, recently announced that EOS Farm, a diversified cultivator in Pittsfield, Massachusetts, has selected Agrify’s solution — the industry’s first fully integrated, multi-grow-stage, plug-and-plant group container solution. According to the update, Agrify’s 11 group container system is modular, scalable and fully integrated will multi-stage grow capabilities to produce up to 800 pounds gross of flowers on an annual basis. “We are thrilled to partner with EOS Farm,” Agrify CEO Raymond Chang said in the news release. “They are an innovative cultivator that wants to take advantage of time to market, yet value the importance of quality and consistency over time. Our group container solution delivers that. We are pleased to work with EOS to help ensure the shortest path towards commercialization and highest likelihood for long-term success.”

To view the full press release, visit http://cnw.fm/JotH5

About Agrify

Agrify is a rapidly growing developer of premium indoor grow solutions for the cannabis and hemp marketplace. The company’s comprehensive grow solutions have been developed with one mission in mind: to assist its valued customers in producing the highest quality product possible with consistency and superior yields. Agrify is a non-plant-touching company; to learn more, visit www.Agrify.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 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

Do you have a questions or are you interested in working with CNW? Ask our Editor

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CannabisNewsWire is part of the InvestorBrandNetwork.

HempNewsBreaks – SinglePoint, Inc.’s (SING) 1606 Original Hemp Cigarettes a Hit at 2019 MJ Business Conference

SinglePoint (OTCQB: SING) today announced the successful launch of 1606 Original Hemp at the 2019 MJ Business Conference in Las Vegas. According to the update, the company received its first major purchase order for approximately 5000 packs of hemp cigarettes from one distributor and expects many more over the coming months. “The reception for 1606 at MJBIZCON exceeded our expectations. The most surprising to us was just the number of individuals that were truly excited about this product and had never seen anything like it before,” SinglePoint President Wil Ralston said in the news release. “As well as the number of people that came back days two and three to tell us how much they enjoyed the product. We know we have a great product here and are ahead of the market. We now need to follow up and sell and establish our brand as the premier brand in the market. I believe we have the head start and quality product to do just that, our first distributor has put in their purchase order for around 5000 packs and we look forward to additional orders from stores and additional distributors.”

To view the full press release, visit http://cnw.fm/8QP6h

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar renewables, Hemp and distribution tobacco products. SinglePoint is working to grow to a multi-national brand. 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 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.

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

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

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CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Announces Year-End Overview and 2020 Outlook

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, on Wednesday announced the CEO’s overview that highlights the company’s 2019 performance and optimistic outlook for fiscal year 2020. According to the update, MCOA expects to close 2019 with gross sales of approximately $650,000 compared to sales of $252,135 in 2018. The company attributes the 258% year-over-year increase in sales to its successful marketing efforts in Europe and growth of its affiliate base in the U.S. “MCOA has never been better positioned to take advantage of the numerous opportunities in the cannabis sector than it is now. We believe there is going to be a significant shakeup in the cannabis sector in 2020, and MCOA is prepared to take advantage of the numerous opportunities that will be available,” MCOA Chief Executive and President Jesus Quintero said in the news release. “We are going to be focused on streamlining our core business operations, increasing sales, and pursuing some M&A activity with distressed assets that fit our portfolio parameters. In 2020, our shareholders will notice radical change at MCOA. The company will have an entirely different culture, new leadership, and new business models and make strategic acquisitions as we position ourselves for what we expect will be a breakout year – it’s a new day at MCOA!”

To view the full press release, visit http://cnw.fm/Q9mQj

About Marijuana Company of America, Inc.

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

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

About 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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CannabisNewsBreaks – Green Growth Brands Inc.’s (CSE: GGB) (OTCQB: GGBXF) CAMP Animal Face Solventless Rosin Receives Awards at Jack Herer Cup, High Times Cup

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) this morning announced that its CAMP Animal Face Solventless Rosin received two awards during the week of December 9, 2019. The product was credited as best Indica vape pen cartridge at the Jack Herer Cup Las Vegas and recognized as best vape pen cartridge at the High Times Nevada Cup. “The recognition of CAMP by both the Jack Herer Cup and High Times is a truly meaningful accomplishment. Our Head Processor, Aaron Nino, and his team, along with our cultivation, merchant, and marketing teams, are doing remarkable work to bring innovative product assortments to the industry,” Green Growth Brands COO Randy Whitaker stated in the news release. “Upon launch, CAMP solventless rosin immediately had commercial success with consumers, and we are really excited that it received the same reception from industry experts. We can’t wait to continue to grow the brand and expand to additional states, starting with Massachusetts this spring.”

To view the full press release, visit http://cnw.fm/udW24

About Green Growth Brands

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and Meri + Jayne. The company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

About CanadianCannabisWire

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

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

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420 with CNW – Marijuana Production Legalized in Zambia

The Zambian government has approved a proposal seeking to legalize marijuana production in the African country. The marijuana cultivated in Zambia would be strictly used for medicinal purposes and exportation.

Annual license fees for companies looking to operate marijuana businesses in Zambia will be $250,000. Only those whose bids are successful will be awarded commercial permits to grow and export cannabis.

According to the Health Minister Chitalu Chilufya, the government would issue medical marijuana licenses once companies have presented evidence and assurance of their cultivation process to the point where patients can use the end product without inducing the psychoactive effect of adult-use marijuana. This is due to the large number of unsolicited proposals for cultivation licenses for medical marijuana received by the government.

Before legalization, a multi-sectoral team was selected to research the process of marijuana production from the farm to the lab, to the manufacturing plant, and finally to the end consumer who utilizes the products for medicinal purposes. Chilufya further said that the DEC and the Zambia police would be working together to punish people using marijuana illegally.

The Ministry of Health in Zambia would also be tasked with the responsibility of issuing licenses while the Zambia National Service would be strictly supervising the growth of marijuana crops.

The legislation legalizing marijuana production was passed on Wednesday during a cabinet meeting at State House. Several top officials at the Cabinet Office confirmed the passing of the bill, although they could not be identified since they were not allowed to speak to the media.

The unidentified officials further said that the Cabinet Memo seeking for marijuana legalization for medical purposes submitted by the Minister of Health, Dr. Chilufya, was approved by the Cabinet. Interestingly, the Ministry of Home Affairs, Ministry of Agriculture, and the Ministry of Commerce were all working together in an attempt to take over the process of issuing permits from the Health Ministry during the cabinet meeting. The Ministry of Health has been pushing for medical marijuana legalization for some time.

The reason why many Departments were interested in being assigned the responsibility of issuing the licenses is that the whole process was sponsored by wealthy organizations and companies that were initially promised permits, and after the final vote, the Health Ministry won.

Research conducted by The African Cannabis Report revealed that by the year 2023, the legal marijuana industry in Africa could be worth more than $7.1 billion annually. This is the first thorough report on the legal marijuana sector in Africa.

Despite the potential of African marijuana industries, apart from Lesotho, marijuana is prohibited in all the other African countries.

It looks like Zambia is paving the way for Africa to open up to the immense medicinal and economic potential of cannabis, and experts believe that this development is a welcome one to sector players like No Borders Inc. (OTC: NBDR) and IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) who may be quick to see the offshore opportunities opening up.

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