Author: CannabisNewsWire (CNW)

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

420 with CNW – Michigan Starts Issuing Recreational Marijuana Sales Licenses

The legal sale of adult-use cannabis will happen soon after Michigan regulators issued the program’s first business license on Tuesday.

While inside a retailer’s Ann Arbor store, the director of Michigan Marijuana Regulatory Agency, Andrew Brisbo, issued three licenses to the leaders of Exclusive Brands. The licenses permit the business to grow, process, and sell adult-use pot.

The general manager of Exclusive Brands, Nick Warra, said that licensing marijuana businesses would help in breaking down decades of stigma surrounding smoking weed. While standing inside the Ann Harbor store, Warra added that buying weed will be like going to the liquor store to purchase alcohol.

Michigan residents approved the legalization of recreational marijuana through the ballot in November 2018. Since then, the state regulators have been working to develop a recreational licensing program.

However, medical marijuana patients are worried about the hurried issuance of adult-use business licenses because already, there is a shortage of medical cannabis products on the market, which may be made worse by the sale of recreational weed.

Last week, Michigan’s regulatory authority announced that medical marijuana businesses could sell 50% of their inventory to recreational cannabis customers. The first sale of adult-use weed is expected to be on December 1.

According to Warra, Exclusive Brands has had a medical marijuana business license since 2017. The business will start selling adult-use marijuana on Dec. 1. Delays in selling would be a result of the lack of a statewide tracking system for cannabis.

Warra also added that Exclusive Brands would be working closely with the vendors to make sure that they are ready to launch on December 1.

The selling date of recreational weed might be shifted to Dec. 2 because Dec. 1 falls on a Sunday, which comes immediately after the Thanksgiving holiday. But, license holders have to request permission from the state regulators before using medical marijuana products for the adult-use market.

The spokesperson for the Marijuana Regulatory Agency, David Harns, said that it is uncertain when the sale of recreational pot will start.

Warra revealed that it is still uncertain how many people will show up for the first day of sales of recreational weed, but the numbers are likely to be overwhelming since recreational marijuana is widely popular among residents.

The executive director of the Michigan Cannabis Industry Association, Robin Schneider, criticized the agency decision allowing the transfer of medical marijuana to the recreational market by saying that already, there is a shortage of medical marijuana supply on the market and the transfers will only drive up the product cost for the patients.

However, Warra countered that there are enough products in their company to services both medical and recreational consumers. He also added that Exclusive Brands is in a position to grow, process, and sell its cannabis. He added that businesses that do not own cultivation and processing facilities are the ones that may experience limited supply.

The ability to transfer products from medical marijuana markets to the recreational side will allow retailers to move products where there is demand.

On Tuesday, MRA issued five licenses with two permits being awarded to Real Leaf Solutions, which is based in Kalkaska. It was granted an event organizer license. PSI Labs, which is based in Ann Arbor, was awarded a permit for a safety compliance facility.

Brisbo said that many more licenses would be awarded in the short term. Analysts believe this announcement is music to the ears of the broader cannabis industry, including companies like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and HTC Extraction Systems (TSX.V: HTC), that would like to see more people enjoying the numerous benefits of marijuana.

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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HempNewsBreaks – Hemptown USA Strategically Positioned to Become Largest North American Producer of CBD

Hemptown USA, a privately owned grower of full-spectrum, feminized hemp using premium-seed genetics, operates a farm operation with more than 500 acres dedicated to the cultivation of nonpsychoactive cannabigerol (“CBG”). The company’s recent harvest positioned it to be the largest producer of CBG in North America. An article discussing the company reads, “Hemptown USA has built CBD production from broad-spectrum hemp biomass in states such as Oregon, Kentucky and Colorado, but has worked to increase its profile as hemp-friendly laws have been enacted — particularly last year’s farm bill that legalized commercial hemp cultivation nationwide following years of prohibition. . . . The company’s focus on its CBG-growing resources is part of an ongoing effort to serve an increasingly health-conscious society’s desire for wellness based on natural elements with minimal pharmaceutical involvement.”

To view the full article, visit http://cnw.fm/YmZO0

About Hemptown USA

Hemptown USA is growing some of the finest high-cannabinoid hemp plants in the world. Following an impressive first-year yield, Hemptown USA is scaling up its operation to meet the ever-increasing global demand for cannabinoid products. With expanded farmland spanning three states and in-house extraction and processing facilities, Hemptown USA is now positioned to vertically integrate into the Consumer Packaged Goods sectors with top-quality-branded product lines for the consumer market. Hemptown USA’s vertically integrated business model is well positioned to capitalize on a global market expected to exceed $22 billion by 2020. For more information, visit the company’s website at www.HemptownUSA.com.

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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CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Utilizes Multichannel Marketing Strategy to Increase National Profile

Plus Products (CSE: PLUS) (OTCQB: PLPRF), a leading cannabis-branded products company in the United States, recently kicked off a multichannel campaign strategy to raise national awareness. An article discussing the company reads, “The campaign features new PLUS hemp-CBD products, which consumers can purchase online and have shipped to them in 43 states (http://cnw.fm/49Z0r). In addition, the company is raising its profile by brand partnering with celebrity John Legend and with direct-to-consumer sleep company Casper Sleep (http://cnw.fm/Y1RaV). Legend will be an advocate on behalf of the PLUS CBD line while Casper co-developed the new PLUS line of SLEEP gummies.”

To view the full article, visit http://cnw.fm/9TpOe

About PLUS

Plus Products is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, which begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, California, with 80 employees. For more information, visit the company’s website at www.PlusProducts.com.

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

About CBDWire

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

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CannabisNewsBreaks – technical420 Highlights Three Canadian LPs that Appear Well Positioned in Burgeoning Cannabis Industry Despite Pressure from Recent Earnings

According to a recent technical420 article written by Anthony Varrell, several leading Canadian cannabis companies have reported quarterly financial results during the last month, and, on average, the market has been responding negatively to the numbers. Although these companies have reported strong growth compared to prior periods, the market has reacted negatively due to numbers that have come in below expectations. The article indicates that the cannabis industry looks to be well positioned to record strong growth going forward. It further highlights three Canadian cannabis producers, including Aleafia Health (TSX: ALEF) (OTCQX: ALEAF), Canopy Growth (TSX: WEED) (NYSE: CGC) and Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), that technical420 believes that, going forward, are well positioned to capitalize on the burgeoning global cannabis industry.

To view the full article, visit http://cnw.fm/5r3tL

About technical420

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

About CannabisNewsWire

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

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CannabisNewsBreaks – GreenStar Biosciences Corp. (CSE: GSTR) (OTC: GTSIF) Secures DTC Eligibility

GreenStar Biosciences (CSE: GSTR) (OTC: GTSIF), a growth-oriented technology and services company that provides real estate, financial, management and other support to licensed cannabis businesses in the U.S., on Thursday announced that it has secured DTC eligibility by The Depository Trust Company (“DTC”) for electronic settlement and transfer of its common shares in the United States. A subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), the DTC manages the electronic clearing and settlement of publicly traded companies. Securities eligible for this electronic clearing method are considered “DTC eligible,” with the method speeding up the receipt of stock and cash, and accelerating the settlement process for investors and brokers. “Together with our recent OTC listing, having our securities made DTC eligible should further enhance trading liquidity and provide additional exposure to U.S. and institutional investors,” GreenStar CEO Rahim Rajwani said in the news release.

To view the full press release, visit http://cnw.fm/k3GzC

About GreenStar

GreenStar is a growth-oriented technology and services company that provides real estate, financial, management, IP and branding support to licensed cannabis businesses in the United States. The Company operates a growing portfolio of tenant partner companies in the United States. GreenStar applies refined strategies tested in the Washington State market to help partner companies reach their full potential. Based in Vancouver, BC, GreenStar intends to facilitate growth through acquisitions and development of additional assets, products and technologies in legal cannabis markets by leveraging its capital markets, branding and operational expertise. For more information, visit the company’s website at www.GreenStarBiosciences.com.

About CanadianCannabisWire

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

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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Appointment of Global CPG Executive John Griese as Chief Operating Officer

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that John Griese has joined the company as its chief operating officer (“COO”). Griese brings over 30 years of executive consumer packaged goods (“CPG”) and global cannabis operations experience and, in his role as COO, will be responsible for driving continuous improvements across all operating assets and leading supply chain management for Supreme Cannabis’ diverse portfolio of products. “It is a privilege to welcome John Griese to our maturing leadership team during a key time when Supreme Cannabis is evolving into a leading cannabis CPG company. He has over 30 years of CPG, supply chain and cannabis experience in the U.S., Canada, Australia and Europe with companies such as Nestle and Pepsico,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “His diverse experience, which includes recent cannabis industry experience with Bloom Farms and Creso Pharma, makes him a valuable asset as we scale and optimize our 7ACRES’ facility, ramp-up oil production at Blissco and add to our focused suite of best-in-class operating assets. Looking forward, John’s vast business experience in the U.S. cannabis industry will be valuable as we plan for future growth.”

To view the full press release, visit http://cnw.fm/R2Jl0

About Supreme Cannabis Company

The Supreme Cannabis Company, Inc., 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 multi-licensed 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, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK 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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HempNewsBreaks – HTC Extraction Systems (TSX.V: HTC) to Acquire California-based Kase Farma Inc.

HTC Extraction Systems (TSX.V: HTC) today announced its entry into a November 21, 2019 share and purchase agreement (“SPA”) with Starling Brands Inc., a party at arm’s length to HTC. Under the SPA, HTC will acquire all issued and outstanding shares of Kase Farma Inc., a subsidiary of Starling, and upon completion of the acquisition, Kase Farma will be a wholly owned subsidiary of HTC. Authorized to operate in the areas of hemp cultivation, extraction, refining, formulation and distribution in the state of California, Kase Farma continually strives, through best-of-class methods, to deliver health and wellness benefits of CBD, CBG, CBN and other cannabinoids via the production of high-quality, premium hemp products. “On behalf of Starling, we are extremely excited to integrate our experience, know-how and pedigree with HTC’s technologies and pedigree to further the vision and execution as global leaders in the science and production of the highest quality cannabinoid extractions and formulations,” Starling CEO Mike Reynolds said in the news release. “The benefits that will be provided to the global community are consistent with the irreversible momentum of changing perceptions and acceptance of the planet’s most useful and beneficial plant.”

To view the full press release, visit http://cnw.fm/O4Enq

About HTC Extraction Systems

HTC Extraction Systems has developed and optimized proprietary technologies designed for biomass extraction, distillation and purification of ethanol and ethanol-based solvents used for the hemp-biomass and cannabidiol (“CBD”) industry as well as gas and liquid extraction. HTC’s extraction and purification systems are engineered to large scale to reduce capital and operating costs while delivering superior performance measured by reduced energy usage, lowered emissions and improved quality of the product produced. For more information, visit the company’s website at www.HTCExtraction.com.

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

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CannabisNewsBreaks – Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Posts Q3 2019 Financial Results, Operations Update

Willow Biosciences (CSE: WLLW) (OTCQB: CANSF) on Thursday announced its financial and operating results for the three and nine months ended September 30, 2019. Among other highlights, the company reported that it ended the quarter with around $23.2 million of working capital and $24 million of cash on hand. Willow’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis are available at www.SEDAR.com or on the company’s website. “Over the past few months, Willow has continued to advance its business strategy and achieved several important milestones,” Willow Biosciences president and chief executive officer Trevor Peters stated in the news release. “We have made meaningful progress on advancing our yeast strain performance and fully expect to meet our projected timing of scale-up development in the first half of 2020. In addition, we have completed the commissioning of our three labs and expanded our team of highly skilled scientists, preparing us for future development. As the market for CBD and other cannabinoids continues to develop, Willow is positioned as a leader in delivering ultra-pure, pharmaceutical grade cannabinoids, at a highly competitive cost for the consumer packaged goods and pharmaceutical industries.”

To view the full press release, visit http://cnw.fm/2PpHt

About Willow Biosciences Inc.

Willow is a Canadian biotechnology company based in Calgary, Alberta, that produces high purity, plant-derived compounds that provide building blocks for the global pharmaceutical, health and wellness, and consumer packaged goods industries. Willow’s current focus is in the production of cannabinoids for the treatment for pain, anxiety, obesity, brain disorders, among other significant indications. Willow’s science team has a proven track record of developing manufacturing technologies for high purity compounds in pain and cancer treatments. Willow’s manufacturing process creates a consistent, scalable and sustainable product that allows for the discovery and development of new life changing drugs. For more information, visit the company’s website at www.WillowBio.com.

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420 with CNW – New Florida Bill to Protect Medical Marijuana Patients from Being Fired

The number of registered medical marijuana patients in Florida is estimated to be about 300,000. The patients are issued with medical marijuana cards that give them access to MMJ for them to legally to treat some medical conditions. However, these licensed users of medical marijuana in Florida are facing negative consequences at work and in school.

Some of the people who have suffered a setback in their education or career because of medical marijuana include Kaitlin McKeon who enrolled for a nursing program at Nova Southeastern University. The school requires applicants to do a drugs test, and hers came back positive for marijuana. She uses medical marijuana to treat chronic stomach pain. After the failed drugs test, the school dismissed her application which further derailed her career and education.

Another victim is Alan J. McDuffie who worked for the city of Miami. He applied for a permanent position with his department and was required to do a drug test which turned positive for marijuana. The city fired him even after he told them that he is registered for medical marijuana. McDuffie uses marijuana to manage back spasms. Both McKeon and McDuffie have filed suits against their respective institutions. They claim that the institutions discriminated against them for using medical cannabis.

Florida’s statute of medical marijuana gives employers the freedom to implement drug-free policies and the law does not stipulate that employers retain workers using medical marijuana. However, the new legislation that could change all that in Florida is in the House. The bill which was proposed by Boca Raton Rep. Tina Polsky would provide some protection for people using marijuana in schools and workplaces.

Adam Kemper, a Boca Raton employment attorney whose specialization is medical marijuana compliance, said that the timing of the bill is perfect because the number of people using medical marijuana in Florida is increasing.

The bill would prohibit employers from discriminating, firing, downgrading, or taking any other adverse action against an employee who is a registered user of medical pot. However, the bill would not offer protection for people whose jobs are safety-sensitive such firefighters, people operating heavy pieces of machinery, drivers, those handling dangerous materials, carrying weapons, and persons providing care to children or patients.

The new bill stipulates that a person whose drug test is positive must provide a written notice explaining why the tests are positive. They can also submit a doctor’s certification and MMJ cards as proof of legal use. The bill also permits people fired or penalized for using marijuana to file a lawsuit against their employer for compensation and reinstatement.

Kemper also said that if pot usage is hampering with an employee’s job performance, the bill allows employers to take action such as discharge the person from their duties.

The legislation does not address employees’ rights when an employer asks about the medical condition that requires them to use pot. However, federally, if an employee is seeking accommodation under the Americans With Disabilities Act, they must disclose their medical history and the specific medical condition to the company.

Under any other condition, the employers would be crossing the line if they asked employees personal questions.

According to industry watchers, marijuana industry players like VPR Brands LP (OTCQB: VPRB) and Sugarmade Inc. (OTCQB: SGMD) welcome this proposed law because employees or students will no longer be made to choose between treatment and their jobs or studies.

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420 with CNW – New Jersey Lawmakers Now Say Voters Will Have Final Say on Marijuana Legalization

In New Jersey, lawmakers are abandoning plans of legalizing marijuana through the legislature and are now looking to enter the proposal on the 2020 ballot for the voters to decide.

On Monday, President of the Senate, Steve Sweeny and the Senate Judiciary Committee Chairman Scutari (D) in a press release said that their efforts to gather more support for the measure did not bear any fruit which is why they have filed a motion to allow New Jersey residents to vote on the matter in a referendum.

In their press release, the leaders said that they are seeking for approval to enter the measure of legalizing adult-use cannabis on the 2020 ballot. The legislation seeking for a public referendum was introduced in the legislature on Monday. The proposal will lead to the establishment of a system that permits people to buy and use cannabis recreationally and responsibly.

They further said that the measure would make it possible for the state to control and ensure that retail outlets are selling safe products. It would also limit marijuana sales to adults only. The state of New Jersey would also be in a position to impose sales tax on marijuana sales.

According to media reports, the plan is for the referendum proposal to be approved by the legislature and set the ballot measure for voters in the 2020 general election. The two leaders are positive that the Senate, Assembly, and voters will approve the proposal.

In a tweet, Governor Phil Murphy said that he is disappointed that the Senate was unable to approve adult-use marijuana. He further noted that the failure would lead to the weekly arrest of about 600 people, the majority of whom will comprise members of the black community. He also said that he is hopeful that the New Jersey residents will approve the ballot measure.

The negotiations for legalizing recreational marijuana went on for months, after which Sweeney noted that legalization would have to be done through the ballot.

The resolution calling for the referendum does not offer a detailed description of the outlook of the proposed market for marijuana. The proposal only states that persons above the age of 21 would be allowed to buy and use weed from licensed retail outlets. And, the Cannabis Regulatory Commission of New Jersey would be responsible for regulating the program. The proposal also suggests that a sales tax would be imposed on marijuana sales.

In the ballot, the voters would be asked if they approve the constitutional amendment legalizing a controlled form of recreational cannabis. The draft question would also state that only people who are 21 years and above are allowed to use marijuana and that a state commission would oversee the cannabis program, as well as the market.

In a press release, the Assembly Speaker, Craig Coughlin, said that the legislation for putting the recreational marijuana question to the voter would be voted on by the Senate.

Smart Approaches to Marijuana, a prohibitionist group, celebrated after the legislature announced plans of giving up on the legalization. They said that they would invest in discouraging New Jersey residents from supporting the ballot legalization measure.

Experts are of the view that this failure to legalize marijuana legislatively may have come as a disappointment to the cannabis industry, including entities like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and Marijuana Company of America Inc. (OTCQB: MCOA), that had hoped that the people of New Jersey would soon enjoy the many benefits of marijuana, such as employment opportunities.

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