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 – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Leverages Retail, Operations Expertise to Capitalize on Holiday Shopping Season

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today shared statistics from its first full holiday season and second fiscal quarter ended December 28, 2019. Among highlighted updates, the Company reported that over 128,000 Seventh Sense Botanical transactions were processed between Black Friday and December 28, 2019, and more than 62,000 total transactions were processed at the two The+Source dispensaries between Green Wednesday (November 27, 2019) and December 28, 2019. “Our ability to capitalize on the holiday shopping season is a reflection of our retail and operations expertise,” Green Growth Brands CEO Peter Horvath said in the news release. “We are pleased with the performance of both business segments and particularly excited by the consumer demand signals we saw in CBD. We have brought together high-quality CBD, high-efficacy personal care formulations, familiar packaging, top-tier retail presentations, and fair, everyday-value prices to create products that consumers from all walks of life are really responding to.”

To view the full press release, visit http://cnw.fm/tVaj3

About Green Growth Brands Inc.

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 8 Fold. 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. Learn more about the vision at GreenGrowthBrands.com.

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

About CBDWire

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

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420 with CNW – Kansas Governor Expresses Her Support for Marijuana Legalization

On Thursday, the Governor of Kansas, Laura Kelly, said that if the state lawmakers sent a bill seeking to legalize marijuana to her desk, there is a possibility that she would sign it into law.

Speaking about the legislative priorities for 2020 in several interviews, Gov. Kelly said that the lawmakers should legalize medical marijuana as it would help Kansas families whose children are suffering from serious ailments. Medical marijuana would also help in fighting the opioid crisis by reducing the use of prescription pain medication.

Although Gov. Kelly said that she is not in favor of legalizing adult-use marijuana, she also noted that if the legislation were to advance in the state, she would enact it.

Speaking to WIBW, Kelly said that she has not made a decision on what she would do, but her decision would rely on the wants of her people; if the residents of Kansas want it, and the legislature approves it, then she would most likely sign it.

The governor further stressed that her agenda for the 2020 legislative sessions is the legalization of marijuana for medical purposes.

Kelly further said that she wants medical marijuana to be well regulated and controlled so that it does not become the gateway for the legalization of marijuana. She also said that her wish is for medical marijuana to be viewed as a pharmaceutical and controlled product.

She added and said that medical marijuana should be legalized and because of its medicinal potential, families with kids suffering from Dravet syndrome could use it. Children with Dravet syndrome experience severe and frequent epileptic seizures, which could be managed using medical cannabis.

Gov. Kelly has been outspoken about her support for medical marijuana, as it was also part of her 2018 election campaign; however, it is essential to note that she is not at all enthusiastic about recreational marijuana legalization. Kelly said that she does not think the state of Kansas is ready for adult-use marijuana, but a recent survey shows that the majority of Kansas residents are in favor of the marijuana reform.

The survey, which was released in December 2019, showed that 63 percent of the state’s residents are in support of recreational marijuana legalization. This indicates that the task remains on the legislature to approve the legislation and forward it to the Governor’s desk.

The likelihood of legalizing medical marijuana in Kansas is looking up. Last year, a special legislative commission issued recommendations in support of developing a limited medical cannabis program. The program would give patients a chance to access medical marijuana products that are neither smoked nor vaped. The commission also recommended providing patients visiting from out of state with some form of legal protection.

In an interview with KSNT, Gov. Kelly said that she is aware that people have a desire for medical marijuana legalization and that she fully supports it and hopes that the legislature would approve it.

The marijuana industry, including Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and SinglePoint Inc. (OTCQB: SING), is most likely glad that things are looking up for the future of the industry in Kansas.

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 – Illinois Residents Buy Recreational Marijuana Worth $3.2 Million on the First Day of Legal Sales

On Thursday, it was announced that the first day of legal adult-use marijuana sales in Illinois attracted more than 77,000 transactions, which generated approximately $3.2 million in sales. One of the transactions was made by the second-most powerful official in the state, Lieutenant Governor, Juliana Straton, who bought edible gummies. Stratton said that she was there to celebrate the big day in Illinois.

According to Toi Hutchinson, the sale of legal recreational marijuana took effect on New Year’s Day, and the state-licensed dispensaries made 77,128 transactions. Hutchinson is the senior advisor to Governor J.B. Pritzker on marijuana control.

The retail outlets reported long lines of customers during the first day of legal sales, and they expect the lines to persist through the weekend.

Speaking to a reporter on Thursday in Chicago, Hutchinson said that the long lines show that there is a massive opportunity for the cannabis industry to grow.

When compared to other states such as the bordering Michigan, which generated $3.1 million in its first two weeks of legal adult-use sales after the launch on December 1, it shows that Illinois has a potential for growth since it exceeded that amount within just the first day of sales.

Colorado was the first state in the U.S. to legalize adult-use cannabis. The state launched the sale of marijuana on January 1, 2014 and generated over $1million in sales.

Hutchinson further said that Thursday was the deadline for those who wished to apply for business licenses under the social equity provisions. The day also marked phase two of the Illinois legalization law.

Phase two of the legalization law is meant to help minority applicants who were severely affected by the fight against drugs. The social equity provisions require qualified applicants to pay lower licensing fees. It also provides them with business loans and any other technical assistance.

The legalization laws also stipulate that some of the marijuana revenues would be used for neighborhood development grants. It also had a provision for expungement of low-level marijuana convictions.

On Tuesday last week, Pritzker granted more than 11,000 pardons to people with low-level marijuana convictions.

On the day of legal sales launch, Wednesday, people began streaming in at the dispensaries as early as 6 a.m. Medical marijuana is already legal in Illinois, and now, Illinois is the 11^th state to legalize the consumption and sale of adult-use cannabis.

In Illinois, people who are 21 years and above can possess up to 1.06 ounces of marijuana buds and up to 0.17 ounces of marijuana concentrate.

The executive director of the Cannabis Business Association of Illinois, which is based in Springfield, Pamela Althoff, said that most of her Wednesday morning was spent in Chicago and Northwestern suburbs, where customers had to wait for about three hours to be served as the day progressed. She also noted that people were courteous and civil, and the police were present at most dispensaries to control traffic.

Althoff advised consumers not to use marijuana in public and also noted that, like any other new product, marijuana products might be a little costly. Althoff further that they hope that the prices will go down as the market matures.

About 36 licensed dispensaries are selling recreational marijuana, and by May 2020, the state officials said that they would have issued 75 more permits. State officials further estimate that by the end of 2020, Illinois could generate $250million from marijuana sales.

Experts believe that marijuana companies like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and MCTC Holdings Inc. (OTC: MCTC) are happy for their counterparts operating in Illinois since the success of the industry there is good for all sector players.

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HempNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces Truly Unique Hemp You Can Feel(TM) Coffee

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique hemp infusion technologies, today announced Hemp You Can Feel(TM) Coffee. According to the update, the new product is based on MCTC’s patent-pending hemp extract infusion technologies. “We have developed a truly unique hemp extract coffee product that will be offered to consumers later this month,” MCTC CEO Arman Tabatabaei said in the news release. “The new product is based on our recently completed R&D efforts that resulted in our dual infusion clean label process that uses only natural ingredients and zero chemical additives. Our first introduction will be for single serving coffee pods in a 100% compostable format, including the pod, lid and all packaging. We are excited to present the Hemp You Can Feel(TM) Coffee Story.”

To view the full press release, visit http://cnw.fm/9HnnK

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. More information on the Company can be viewed at www.CannabisGlobalinc.com.

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

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 – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Leadership Transition to Accelerate Growth into Premium Cannabis CPG Company

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that its Board of Directors (the “Board”) has, effective immediately, named Colin Moore, director of the Company and former president of Starbucks Coffee Canada, as interim president and chief executive officer. According to the update, Moore succeeds Navdeep Dhaliwal, who has departed the Company. Supreme Cannabis is in the process of engaging a leading, nationally recognized search firm to identify and evaluate a new CEO to lead the Company in its next phase of profitable, long-term growth. “Today, with Supreme Cannabis firmly established as one of the world’s fastest-growing, premium plant driven-lifestyle companies and our industry entering its second phase, the Board determined that the Company would benefit from leadership with the skills and experience to accelerate our growth and transformation into a leading cannabis CPG company,” Supreme Cannabis Board Chairman Michael La Brier said in the news release. “We are fortunate to have Colin Moore stepping up to serve as our Interim CEO and lead our efforts to drive long-term, profitable growth and shareholder value during this transitional period.”

To view the full press release, visit http://cnw.fm/PP1Eu

About Supreme Cannabis.

The Supreme Cannabis Company, Inc., (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the Company has emerged as one of the world’s fastest-growing, premium plant-driven lifestyle companies. Supreme Cannabis’ portfolio of brands caters to diverse consumer experiences, with brands and products that address recreational, wellness, medicinal and new consumer preferences. The Company’s brand portfolio includes, 7ACRES, Blissco, Truverra, Sugarleaf by 7AC and Khalifa Kush Enterprises Canada. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including, scaled cultivation, value-add processing, centralized manufacturing and product testing and R&D. For more information, visit the Company’s website at www.Supreme.ca.

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

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 – 4 Things to Expect in the California Marijuana Market in 2020

California is the largest marijuana market in the U.S., so it is worthwhile to look forward and see what is in the works for this state’s cannabis industry in the new year. Here are some of the major things that could pan out in 2020.

Courts Hear Marijuana Delivery Lawsuits

When Prop 64 was approved by California voters, local authorities were given the liberty to decide whether to accept or reject marijuana businesses within their jurisdictions.

That promise was put to the test and a row over how much control municipalities and cities have over the marijuana industry came to a head when state regulators insisted that marijuana businesses could deliver weed anywhere within the state while the local authorities say such deliveries should only happen in places that permitted marijuana businesses to set up shop.

In a twist of irony, the Fresno County Superior Court is set to start hearing a case pitting 24 cities against the California Bureau of Cannabis Control on April 20 (the unofficial marijuana holiday). The outcome of this case could either give weed companies some needed respite or hamper their activities even further.

Legislative Changes

On January 1, Senate Bill 34 took effect and licensed businesses can now donate medical marijuana products to patients that are needy and cannot afford them.

More importantly for marijuana businesses, Assembly Bill 37 seeks to allow companies to deduct their operational costs before their tax liability is computed. This is a major piece of legislation because it effectively sweeps aside federal laws that have denied marijuana businesses the same tax benefits that other businesses enjoy.

A legislative change that is likely to rub weed businesses and consumers the wrong way is Assembly Bill 1810. This bill seeks to ban passengers in taxis, limos and other commercial vehicles from consuming marijuana. This means that the idea of weed party buses has gone up in smoke.

Marijuana businesses insist that California needs to make many more legal reforms if the industry is to survive or even thrive given the challenges that it has faced in the first three years of legal recreational cannabis sales.

Expunging Criminal Records

Prop 64 set out a process through which people with marijuana convictions could apply to have their records expunged or charges amended. However, records show that only a tiny fraction of potential beneficiaries has applied for expungement, partly due to the costs and complications of the process.

Assembly Bill 1793 passed in 2018 gave a July 2020 deadline in which local prosecutors have to track down and process the expungement or retroactive downgrading of cannabis convictions. As this deadline looms, thousands are likely to be eligible for housing, employment and other benefits they were denied as a result of their convictions.

Cleaning Up Weedmaps

Weedmaps was started to provide marijuana consumers with information about the places where they could buy weed legally in California. However, state regulators warned the directory about having listings of unlicensed marijuana sellers and Gov. Newsom enacted a law that imposed fines of up to $30,000 for each day that an unlicensed marijuana seller remains operational.

Weedmaps is likely to make good on its promise to remove illicit sellers from its directory and the outcome of this action could reveal how much damage delisting those unlicensed businesses does to the cannabis black market.

It is widely believed that the entire marijuana industry, including companies like No Borders Inc. (OTC: NBDR) and Sugarmade Inc. (OTCQB: SGMD), could be keeping a close eye on events in California since they can reveal what may happen elsewhere over time.

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420 with CNW – Alabama Legislative Panel Recommends the Legalization of Medical Marijuana

When a state Senate bill to legalize medical marijuana in Alabama was met with stiff resistance in the state Assembly, a compromise was reached to create a panel to study the matter further and recommend a way forward for the state. That legislative panel voted last week to proceed with legalization in a move that has been lauded by marijuana advocates.

The Medical Cannabis Study Commission is made up of 18 members and 12 of them voted in favor of medical marijuana legalization. Three abstained and the other three members voted against legalization.

The report of the panel indicates that the members of the Commission presented and debated various issues connected to the use of medical marijuana. While some medical research on the therapeutic use of marijuana was inclusive, the members found strong evidence that the substance was helpful to people suffering from a number of health challenges.

In their draft legalization bill, the panel recommends that the state forms an 11-member Alabama Medical Cannabis Commission to license cannabis businesses and track the industry “from seed to sale.”

The panel also recommends that the state supports research into the medical benefits of cannabis and also puts resources towards finding ways to make the legal medical marijuana industry as inclusive as possible.

Sen. Tim Melson (R), a long-time marijuana advocate who was the chair of the study commission, revealed that the Friday vote shows that the draft bill formulated is a well-thought out document that addresses the crucial issues connected to a regulated medical marijuana industry.

Melson is an anesthesiologist and medical researcher who spearheaded the Senate bill that was passed in May last year. He admitted that at one time, he was strongly opposed to the legalization of marijuana for any purpose. However, when he took a rational look at the available research, he changed his mind and became a strong advocate of medical marijuana.

For that reason, he appealed to other legislators to set their biases aside and evaluate the existing literature before forming an opinion on marijuana.

While advocates are happy with the findings of the commission, they are concerned that the draft bill is too restrictive in its current form. For example, it bans smokable forms of marijuana and gives employers the liberty to fire or refuse to hire an employee based on that employee’s use of medical marijuana.

The list of qualifying conditions is also shorter than what is typical in other states where medical marijuana is legal.

Alabama’s legislature will resume business on April 4 and the bill will come up for discussion. Experts believe that marijuana companies like VPR Brands LP (OTCQB: VPRB) and Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) will be hoping that the lawmakers modify the bill and customize it to the needs of the people of Alabama.

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Strengthens Team through Key Operational Hires

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, recently announced the appointment of three experienced operations professionals to the company’s executive team. A recent article discussing the new hires reads, “Joining Supreme Cannabis is John Griese as chief operating officer; Dan Sippel as general manager of 7ACRES, the company’s 440,000-square-foot cultivation facility; and Sándor Wolkensperg as general manager of Supreme Cannabis Kitchener, the company’s new 107,000-square-foot manufacturing and packaging facility. Together, these operations experts bring significant experience to the SPRWF team as the company continues to expand its product forms and enhance its operations.”

To view the full article, visit http://cnw.fm/6XGje

About Supreme Cannabis Company Inc.

Supreme Cannabis is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium, plant-driven lifestyle companies by effectively deploying capital with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly owned subsidiary and multi-award-winning brand; Blissco, a wellness cannabis brand and a multilicensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal-cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, a cannabis oil producer located in Southern Africa; Supreme Heights, an investment platform focused on CBD brands in the United Kingdom and Europe; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. Supreme trades as FIRE on the Toronto Stock Exchange (TSX: FIRE), SPRWF on the OTC Exchange in the United States (OTCQX: SPRWF) and 53S1 on the Frankfurt Stock Exchange (FRA: 53S1). Follow the company on Instagram, Twitter, Facebook and YouTube. For more information, visit the company’s website at www.Supreme.ca.

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

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (OTC: LVVV) Sees Optimistic Future as Cannabis Products Market Forecasted to Reach $80 Billion by 2030

LiveWire Ergogenics (OTC: LVVV) expects to perform well during 2020 as industry analysts project the market for cannabis products will increase to $80 billion over the next decade, according to a recent AP article (http://cnw.fm/r01nN). An article discussing the company reads, “With the projected upswing in mind, LiveWire Ergogenics expects to be in a prime position to leverage the expected growth with the imminent start of production at its Estrella Ranch Weedery. ‘The cannabis market is ever changing and complex,’ LiveWire CEO Bill Hodson stated in a news release (http://cnw.fm/5UPFh). ‘While a flood of investment has entered the market over the last two years based on overly optimistic projections, questionable market analysis and unproven business models, these expectations are now being hit by the reality of a still unconventional business, complicated by the typical growing pains of a rapidly emerging new industry.’ . . . With the industry now set to explode, companies must begin scrutinizing their operations for inefficiencies and evaluate what works and what doesn’t,’ he continued. ‘In other words, “doing it right,” a principle that LiveWire has been trying to follow strictly for the last two years, supporting the momentum of this new and promising industry.’”

To view the full article, visit http://cnw.fm/sbY1G

About LiveWire Ergogenics Inc.

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

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

About CannabisNewsWire

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

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CannabisNewsBreaks – Illinois Grabs $3.2 Million on Day One of Legal Recreational Marijuana Sales

A recent article on Fox News by Vandana Rambaran highlighted reaction to Illinois becoming the 11th state to allow marijuana sales and use for recreational purposes. According to the article, the state raked in $3.2 million on the first day of legal recreational marijuana sales under the new law where people, age 21 or older, are allowed to possess up to 30 grams of cannabis flower and up to 5 grams of cannabis concentrate. Public consumption is still not allowed under the new law. Nearly three dozen Illinois dispensaries have been issued licenses to sell recreational marijuana, with an additional 75 licenses to be granted by May. State officials estimate that cannabis sales could generate $250 million for Illinois by 2022. Illinois Lieutenant Governor Juliana Stratton represented just one of 77,128 purchases on day one in the state “to celebrate a big day in Illinois,” she said.

To view the full press release, visit http://cnw.fm/F4QqN

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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.

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CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
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