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 – Federally Grown Cannabis is Closer to Hemp than Commercially Available Cannabis, Study Finds

According to newly published research, the research-grade cannabis sourced from the only federally licensed cultivator (Mississippi University) is closer to hemp than the commercially available cannabis in the states where cannabis is legal.

The findings of this research bring into question the outcomes of the marijuana studies which have been conducted using the cannabis from the Mississippi farm. Do the results really help researchers to understand the real-world effects of cannabis?

Earlier research had demonstrated that the marijuana grown at the University of Mississippi using funds obtained from NIDA (National Institutes on Drug Abuse) had lower concentrations of THC and CBD when compared to the cannabis products that are commercially available.

However, the researchers from the University of Northern Colorado wanted to go a step further and compare the genetic composition of the federally-approved cannabis and what is on the market in states where cannabis is legal.

The researchers therefore obtained about 49 samples of hemp and cannabis taken from what is on the market and what NIDA avails to federally-approved research teams. The samples included sativa, indica and hybrid varieties of marijuana currently available on the market.

After analyzing these samples, the research team was surprised to find that the cannabis supplied by NIDA differed so much from what was on the market. The research-grade cannabis proved to be genetically closer to hemp rather than being similar to the cannabis consumers were accessing legally.

This outcome provides food for thought when one is thinking about using cannabis from NIDA to do research. If the research is focused on THC or CBD as standalone components, then the cannabis from Mississippi University can suffice.

However, if the study is intended to understand what effects cannabis has on the patients or recreational users, then the NIDA products aren’t appropriate since their use won’t mirror what people are consuming.

The findings of this Colorado study provide more momentum to the calls for expanding the federally-approved cultivators of research-grade cannabis in the U.S. While calls for interested parties to cultivate cannabis for research purposes were published, the Department of Justice has been very slow in processing the applications, so Mississippi University is still the sole federal source of cannabis for research purposes.

William Barr, the new U.S. Attorney General, has promised to look into the matter and take the necessary steps. Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) hope that the research from the University of Northern Colorado triggers a sense of urgency in bringing more cultivators on board so that researchers can access cannabis of the right quality.

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 – Guam Legalizes Recreational Cannabis

Lou Leon Guerrero, the Governor of Guam, has signed into law a bill that legalizes recreational cannabis in the U.S. territory. This signing comes after months of intense debate in this small Pacific island of 164,000 residents.

The law provides for the creation of a nine-member Cannabis Control Board which will draft the rules governing retail sales. The rules are scheduled to be drafted and debated in the course of this year. This board will also oversee the entire recreational cannabis program.

Under the newly passed legalization law, adults in Guam will be permitted to possess a maximum of an ounce of cannabis. Residents will also be allowed to grow six mature plants for their own recreational use.

Speaking at a press conference, Guerrero said that cannabis is the most used illicit drug, so the law was needed in order to regulate its use in order to protect minors and also benefit from its medicinal properties. She added that the new law will create a safer environment for the residents of the island territory.

It should be noted that Guam legalized medical marijuana back in 2014. However, the island has never licensed a testing lab, so the medical marijuana sector remains largely dormant. Home cultivation of recreational marijuana was also approved in 2018.

It is hoped that the legalization of recreational cannabis will add impetus to the efforts to operationalize the commercialization of cannabis both for medicinal and recreational purposes.

The cannabis law was passed without any stiff opposition. The only concern that was raised by some legislators regarded the federal status of cannabis. However, this matter was put to rest when supporters pointed out that the STATES Act was making its way through committees of Congress and this showed that the federal government would not interfere in any jurisdiction that had passed its own marijuana laws.

The STATES Act largely centers on making it possible for marijuana businesses to get access to banking and insurance services without any fear of federal repercussions upon the banks, credit unions and insurance companies that choose to do business with marijuana companies in the U.S. states and territories where marijuana is legal in some form.

The signing of the legalization bill makes Guam the second U.S. territory to legalize recreational marijuana. Northern Mariana Islands was the first territory to allow adult-use cannabis when it passed its cannabis law last year.

Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Sugarmade, Inc. (OTCQB: SGMD) welcome Guam into the fold of jurisdictions that have enacted laws to regulate the cannabis industry in order to tap the opportunities presented by this nascent sector.

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 – Another Connecticut Legislative Committee Approves Cannabis Legalization

The Judiciary Committee in Connecticut’s Assembly has also approved a bill that will pave the way for marijuana legalization. This is after the General Law Committee also approved a bill on cannabis legalization.

The move to legalize recreational cannabis in Connecticut is still in its early stages, and the legislators have opted to draft different bills covering different aspects of legalization before merging all those bills into one once they are passed by the relevant committees.

The bill before the Judiciary Committee was hotly contested and it passed with a slim majority (21 votes in favor and 19 against).

If the bill becomes law, adults who are 21 or older would be allowed to possess a maximum of 1.5 ounces of cannabis and a maximum of 5 grams of cannabis concentrates. The bill outlaws the home cultivation of cannabis.

During the meeting of the Judiciary Committee, some members expressed concerns about the possible effects of cannabis legalization on impaired driving and youth consumption. However, many of these individuals acknowledged that voting against the bill would be a futile undertaking since cannabis legalization was inevitable.

The bill eventually passed, and it is now headed to the Finance Committee. Thereafter, the different bills will be combined into one prior to being tabled before the entire legislative assembly for consideration.

Cannabis advocates generally support the bill, although they suggest that it should be improved in several aspects.

One area of improvement suggested by the Marijuana Policy Project has to do with the expungement provisions. The advocates suggest that all prior cannabis convictions should be expunged. They also want the bill to include a provision that allows residents to grow their own recreational marijuana.

Other advocates also want the law to be clear about the way in which the different communities that suffered the brunt of the so-called war on drugs can benefit from the opportunities created in the legal cannabis industry.

As things stand, both sides on this debate may have to make concessions if the bill is to have a chance of becoming a law soon. Otherwise, a lack of consensus and compromise may create a situation similar to what has played out in New York State where adult-use cannabis could not be included in the state budget due to disagreements regarding the way in which the legalization policy would be implemented.

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and SinglePoint Inc. (OTCQB: SING) hope that the path to cannabis legalization gets smoother as the different bills leave the different House Committees in Connecticut.

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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Increasing Growth, Acceptance Move CBD Market Toward Mainstream

CannabisNewsWire Editorial Coverage: The CBD market is seeing strong growth and a move towards the mainstream.

  • The North American CBD market, worth more than $9 billion in 2017, is projected to be worth $47 billion by 2027.
  • Growth is possible partly through mainstream acceptance, with pressure on a variety of institutions to accept medical CBD.
  • Leaders are emerging within the CBD and cannabis markets, as leading voices gain recognition for their work.

Wildflower Brands Inc. (OTCQB: WLDFF) (CSE: SUN) (WLDFF Profile), which focuses on health and wellness products, is benefiting from this growth through the establishment of strong distribution deals. Focused on the organic market, Green Organic Dutchman (OTCQX: TGODF) (TSX: TGOD) has significantly increased its output to meet demand. Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) has earned its CEO industry-wide recognition through strong growth and a powerful place as a market leader. HEXO Corp. (NYSE American: HEXO) (TSX: HEXO) is pushing CBD and cannabis toward the mainstream through connections with food and consumer product companies. Significant developments in science and agriculture, where Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB) is making great steps forward in developing low-cost high-quality hemp, is also strengthening the plant.

To view an infographic of this editorial, click here.

Growing Goodness

The CBD market has seen huge growth over the past few years, appearing out of nowhere to become an industry worth billions of dollars. This growth has been driven in large part by CBD’s potential for health and well-being, a subject that many researchers are busy exploring. Companies have leapt upon the opportunity to offer consumers the benefits associated with cannabis without some of the other issues regularly linked with the drug, including getting users high.

If the past few years have been fruitful, the future looks even brighter for CBD. Soaring sales, growing acceptance within mainstream sports, and the recognized influence of some of the major players within the broader cannabis industry all point to positive movement forward for CBD. And as companies overcome the challenges offered by distributing a previously obscure product to a broad market, the industry looks set to soar.

A Rising Global Market

The growth of the CBD market has so far come mostly out of North America, where the likes of health and wellness company Wildflower Brands Inc. (OTCQB: WLDFF) (CSE: SUN) have marketed a wide range of CBD products. This geographical focus is thanks mostly to questions of legality, as CBD is extracted either from cannabis or from its nonhigh-inducing form hemp. Though legalization of cannabis remains variable in the United States, hemp is now legal at a national level in both the U.S. and Canada, with cannabis growth widely permitted.

As a result, the North American cannabis market, including that for CBD, has grown in spectacular fashion. The market was worth $9.2 billion in 2017 and is predicted to reach $47.3 billion by 2027. It’s this market that has proved so fruitful for the likes of Wildflower Brands.

The European CBD market has seen less expansive growth. Within the EU, the range of processed products that can be made incorporating cannabis is more limited, and there’s been less of a concerted push towards legalization for both CBD and cannabis products. Consequently, market growth there has been less impressive.

But that may be about to change, according to analysis from market intelligence firm the Brightfield Group. The company recently predicted 400% growth in the European CBD market from 2018 to 2023, a massive rise in a short five-year span. It looks as if the CBD boom may be set to go global.

Sports and CBD

Of course, the CBD market hasn’t only been shaped by years of cannabis prohibition; contributing factors also include society’s acceptance of cannabis and CBD. The rules of organizations not normally associated with cannabis can provide a hindrance to companies such as Wildflower Brands. But as the legal market develops, those institutions are shifting their attitudes as well.

The world of sports is an ideal example. During the war on drugs, many teams, leagues and professional organizations took a firm public stance against cannabis, laying down rules that prevented their players from indulging. The NFL, for example, has strict rules against cannabis consumption. Currently, however, former players are campaigning for a change to those rules, not just to allow players access to the same experiences as other people but to tackle issues specifically related to sports.

Cannabis and CBD are used in a wide range of pain treatments and products, including those such as Wildflower’s topical treatments. Given the injuries frequently incurred in professional sports, pain management is essential, and players seek access to the best range of medicines. Currently the ban on cannabis and CBD restricts players from choosing such seemingly effective options, fueling the call for change.

Changes could also have a significant impact on the sponsorship side. Currently, only one professional sports team in the United States has a cannabis-related sponsorship, despite the growing wealth and influence of the industry. As barriers come down, the time may come for CBD, much like other recreational and medical products, to gain attention in the sport and beyond through sponsorship and supporter arrangements.

The Challenge of Delivery

Of course, all this expansion comes with significant challenges. As the market grows and evolves, CBD companies must find ways to distribute products to a sector that didn’t exist a decade ago. The infrastructure most other industries take for granted is being built from scratch.

Fortunately, the companies moving into this space are willing to adapt and move quickly to support their expansion. This involves forging alliances with other players within the cannabis sector to increase their combined reach. Wildflower has recently done this through a delivery fulfillment agreement with HelloMD, a leading digital healthcare platform for cannabis doctors, consumers and brands. The deal will allow Wildflower to potentially reach more customers through HelloMD’s expansive e-commerce platform.

Such moves should increase opportunities for CBD businesses to accelerate their expansion and reach a broader customer base, reversing years of prohibition. These partnerships may not only boost individual businesses but also add to the rising tide of CBD.

Cannabis Leaders Emerge

Celebrated leaders are starting to emerge at the head of the cannabis industry. Some have come from outside, their fame drawing attention to the industry. Others have come from within.

A recent list of the top 100 figures in the industry includes actor Jim Belushi, former Mexican president Vicente Fox and retired boxer Mike Tyson. The list also includes cannabis executives such as Terry Booth of Aurora and Elizabeth Hogan of GCH.

Wildflower Brands CEO William MacLean was included in the list, thanks to his hands-on approach to sales and marketing. His extensive travels to hospitals in North America have also given him insight into patient experience and the benefits that cannabis and CBD can offer. Combined with years of marketing experience, this impressive background puts MacLean in a strong position to market his brand and build teams of skilled experts for ongoing growth.

Cannabis Companies Reach New Highs

As the cannabis sector expands, many companies are going through periods of growth and rising revenues. Over the past few years, this rocketing trajectory has allowed the cannabis sector to diversify in interesting ways.

One of those is the growing interest in organic and sustainably grown cannabis, which aligns with the existing market for organic fruit and vegetables. Green Organic Dutchman (OTCQX: TGODF) (TSX: TGOD) has seen success moving into this niche and is now growing to meet the massive demand. The company is building two new facilities to expand its production base, with growing capacity set to increase from 156,000kg to 202,500kg. Green Organic Dutchman is also looking at the wider global market, with an investment in Jamaican cannabis.

One of the largest cannabis companies in Canada, Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) has benefited from that country’s liberal approach to the issue. Early and widespread legalization have given Canadian cannabis companies an opportunity to expand in both the recreational and the medical markets. Aurora is one of the highest trading cannabis stocks on the NYSE and is going from strength to strength. The company’s acquisition of 51% interest in a Portuguese cannabis company has positioned the Aurora for expansion in Europe as that market starts to mature.

Like many cannabis companies, HEXO Corp. (NYSE American: HEXO) (TSX: HEXO) started out as a medical provider but has shifted to include the recreational market in its work. As the first cannabis producer to join Food & Consumer Products of Canada (FCPC), the company is offering cannabis products as part of its wider range of consumables, reducing the stigma and barriers to entry. Such bold moves have led to a 1,269% increase in gross revenue, a performance made possible by a combination of strong leadership and market growth.

Some companies are focused only on CBD, such as Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB). The company’s work in producing high-quality, low-cost hemp through proprietary genetics earned its vice president of cultivation Jared Stanley a place in the cannabis top 100. The science of cannabis cultivation is still in its infancy, but it’s moving fast, and by improving knowledge and techniques, pioneers such as Stanley are laying the groundwork for future growth.

With scientific and business innovation being led by a raft of far-sighted and innovative pioneers, the cannabis and CBD industries look set for another decade of incredible growth.

For more information on Wildflower Brands, visit Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF)

About CannabisNewsWire

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

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420 with CNW – Israel Decriminalizes Recreational Cannabis

New cannabis laws that were passed in Israel on April 1 decriminalize recreational cannabis. This means that people found with small amounts of cannabis will be fined instead of facing criminal charges if those individuals don’t have a license to use medical cannabis.

The day when adult-use marijuana was decriminalized was also the day when the fourth edition of the annual CannaTech conference was held in Tel Aviv. Ehud Barak, a former Israel premier, spoke eloquently at the CannaTech conference about the immense benefits of medical cannabis. He went as far as saying that the Israeli motto may be updated to “the land of milk, honey and cannabis.”

Why would Ehud Barak deliver a keynote address at a cannabis conference? It so happens that the former premier is the chairman of an Israeli medical marijuana company called Canndoc/Intercure.

Barak joins a growing list of politicians who previously opposed cannabis but are now ardent advocates. He joins the likes of former speaker of Congress, John Boehner. Vicente Fox, the former president of Mexico, also changed from being a kingpin in the fight against marijuana to calling for an overhaul of prohibitionist marijuana laws.

Ehud Barak pointed out during his keynote address that the future of marijuana belonged to the bigger and more assertive players who would “swiftly enter the cannabis market.”

He was referring to the decision of the Israeli parliament that passed a law in December last year paving way for Israeli companies to export medical marijuana. This law positioned Israel to be one of the biggest players in the international marijuana industry.

Barak also talked about Israeli cannabis companies like Tikun Olam (a Hebrew expression meaning “repair the world”) that already had a major stake in the cannabis market. This company alone commands an estimated 40 percent share of the global medical cannabis industry.

His statements should not be taken lightly, because major milestones, such as the discovery of the endocannabinoid system in humans, can be traced to Israeli doctors or researchers.

Meanwhile, the Ministry of Health in Israel has revealed that more than 550 farms in the country have submitted their applications for licenses to grow medical cannabis. There is no guessing which market these cultivators are eyeing, since the local market cannot utilize all the cannabis grown by these farms.

Israel has a short list of qualifying conditions for which patients can get a prescription for medical marijuana. These include epilepsy, Parkinson’s, cancer and many other terminal illnesses. Most of the medical cannabis grown in Israel is therefore likely to be headed out of the country.

MustGrow Biologics Corp. and Net Element, Inc. (NASDAQ: NETE) congratulate Israel upon taking the important step of decriminalizing recreational cannabis. The next step should now be full legalization.

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 – Student-Organized Event Discusses Cannabis on Sidelines of Michigan Hash Bash

Every year, a Hash Bash festival is held in Ann Arbor as a day of having fun and entertainment. This year, law students at Michigan Law School worked with the organizers of the Hash Bash festival to host an event at the law school to discuss marijuana legalization politics.

This event was held yesterday (Sunday, April 7) while the Hash Bash took place on Saturday. The organizers of the event at Michigan Law School wanted to educate members of the public about issues related to marijuana. Several panelists made presentations on various issues.

Ari Goldstein, a law student who was one of the organizers, remarked that marijuana legalization brings entrepreneurial opportunities that haven’t been seen since the Great Depression, so every effort must be taken to prepare people to seize those opportunities.

Kevin Boehnke, who is a research fellow at Michigan University’s Department of Anesthesiology, revealed during his presentation that several patient studies point to the fact that more patients are opting for medical marijuana to manage pain instead of using prescription opioids.

The shift is due to the better symptom relief experienced by patients, and the concerns about the documented side effects of prescription opioids.

Another panelist, Gus Rosania (a professor of pharmacological sciences) handled the topic of natural vs. synthetic cannabis ingredients. Rosania dispelled the misconception that synthetic cannabis is different from natural cannabis.

He revealed that at the basic level, synthetic marijuana is chemically identical to natural marijuana, so it is hard to tell the two apart. He added that it was only because different ingredients could be isolated and made in a lab that it was possible to identify the different cannabinoids in marijuana.

Andrew Brisbo, the head of Michigan’s Bureau of Marijuana Regulation, was also in attendance to talk about the ramifications of the legalization of recreational cannabis in the state. He revealed that he had a huge task on his desk to put together a program for recreational cannabis implementation in just a year from the time the law was passed.

Brisbo intimated that one way that he was using to get everything done correctly is by engaging different stakeholders in order to tap their perspectives when putting together an implementation plan.

Many people in the audience expressed their frustration about how hard it was for them to get a medical cannabis prescription from their doctors. Brisbo expressed sympathy for their plight and revealed that it wasn’t easy to change attitudes about cannabis after such a long time of prohibition. He added that efforts were underway to give physicians more information about medical cannabis so that they can gradually warm up to prescribing it to their patients who qualify for such treatment.

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Marijuana Company of America, Inc. (OTCQB: MCOA) welcome such engagements between regulators, patients, professors and other stakeholders since such interactions can result in better cannabis industry policies.

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 – Florida Moves to Regulate the Potency of Smokable Medical Cannabis

Barely a month ago, Gov. DeSantis signed a bill to allow patients to smoke medical marijuana after protracted legal battles which ended when court ruled that banning smokable marijuana was unconstitutional. Now a bill to regulate the strength of the smokable medical marijuana has been passed by a House committee amidst protests by medical cannabis advocates.

On Wednesday (April 3), the Health and Human Services Committee decided that the THC content of the marijuana flower that patients wish to smoke should not exceed 10 percent.

Medical cannabis advocates protested, saying that such a cap didn’t even reflect the strength of the cannabis already on the market. The advocates say that higher THC levels are necessary for triggering the therapeutic effects that patients have been enjoying when they use medical marijuana.

The advocates also say that the cap will make medical cannabis more expensive since patients may need to buy more in order to get the effects that they were getting when using more potent cannabis.

Those against this cap also say that the state has just handed a lifeline to the black market since patients are likely to shun legal weed in favor of more potent marijuana on the black market.

In general, the Republicans on the committee were in favor of the cap while the Democrats didn’t want the limit to be passed.

Ray Rodrigues, the chair of the committee, argued that there was research showing that marijuana with a THC concentration that is higher than 10 percent can cause psychosis in some patients while marijuana with less than 10 percent THC content was therapeutic.

He rejected calls for Florida to first study the effects of higher levels of THC on patients before imposing such a cap. The chairman responded that while medical cannabis was relatively new in Florida, it had been around for decades in other states, and the data there shows that high THC levels can be problematic.

Out of the 33 states and the District of Columbia where medical cannabis is legal, 14 have THC limits on medical marijuana. Rodrigues said that most of those 14 states impose a limit that is much lower than what is being proposed in Florida.

Currently, more than 200,000 people have medical cannabis identification cards in Florida. It is not clear how the THC limit will affect their buying habits, and whether more people will enroll for the program.

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Green Hygienics Holdings Inc. (OTCQB: GRYN) hope that more robust debate will be conducted when this proposed bill is tabled before the entire House prior to its passing so that the limit set doesn’t push patients to the black market.

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 – Georgia on the Verge of Legalizing Medical Cannabis

The state assembly in Georgia has passed a bill that will allow medical marijuana to be grown and processed within the state. With the Governor ready to sign the bill, there seems to be no hurdle to medical marijuana becoming a reality.

HB 324 was drafted in order to address the gaps that were created by a law passed in 2015 legalizing the use of low-THC cannabis oil for the treatment of a given set of medical conditions.

However, that law didn’t create any provision for the cultivation, sale or possession of cannabis oil within Georgia.

The bill that has just been passed addresses all those loopholes. It creates avenues through which cannabis can be grown for the extraction of low-THC marijuana oil. The bill also allows the creation of a commission to oversee the medical cannabis industry, as well as license different entities like universities which wish to take part in the manufacture of cannabis oil.

HB 324 doesn’t legalize recreational cannabis in the state, and it doesn’t have any provisions that allow the smoking of cannabis within the state.

It has been reported that Governor Kemp did a lot to help the assembly and the senate to reach a consensus on how the illegal distribution of marijuana will be prevented in the state. This compromise paved the way for the passing of HB 324.

Kemp said, “I have met several kids struggling with debilitating diseases, as well as parents who are losing hope that their kids can be helped. Medical cannabis offers hope to such parents.”

Kemp added that legalizing medical marijuana was the right thing to do, and that was why he invested so much in seeing to it that both legislative houses approved the bill.

If the bill is finally enacted into law, Georgia will join the long list of 33 states that have legalized medical marijuana.

Advocates may not be happy that the state is only allowing the use of cannabis oil, but it is at least a good start. Reforms can be introduced later when the program is being implemented and the patients, as well as the regulators, realize that other forms of cannabis, such as creams and edibles, may be needed.

All in all, the entire cannabis industry, especially Global Payout, Inc. (OTC: GOHE) and Golden Developing Solutions, Inc. (OTC: DVLP) congratulate the lawmakers in Georgia for making it possible for patients to have one more treatment option as those patients battle with the conditions afflicting them.

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 – Ireland Finally Selects a Medical Marijuana Supplier

The Irish government has revealed that it has finally identified and issued an import license to a Danish medical cannabis firm. The license was reportedly issued back in January.

Slightly more than two years ago, Simon Harris, the Irish Health Minister, announced that Ireland would create a medical cannabis program for its patients who couldn’t be helped by the existing conventional treatments for their health conditions.

However, little seemed to happen from the time that announcement was made. The revelation that a medical marijuana supplier had been found and licensed is therefore welcome news to the medical cannabis advocates in the country.

The government explained that it delayed to secure a supplier because it wanted to be convinced about the ability of that selected firm to deliver medical cannabis of verifiable quality, but many firms wouldn’t be able to export medical cannabis to Ireland.

The Ministry of Health has also confirmed that its staff is working tirelessly to finalize drafting the enabling legislation that will operationalize the medical cannabis program. The draft law may be ready by mid-April.

The medical cannabis that will be imported is intended to treat patients with nausea and vomiting due to chemotherapy, patients suffering from multiple sclerosis as well as patients suffering from severe epilepsy.

These qualifying conditions are part of the recommendations that were made by HPRA (Health Products Regulatory Authority) when it looked into the viability of medical cannabis and wrote a report in favor of setting up the medical cannabis program.

As the country waits for the operationalization of the medical cannabis program, doctors are allowed to prescribe medical marijuana to the patients that they are convinced can benefit from these products.

These patients are then required to apply to the Minister of Health for a license that can allow them to travel abroad to buy medical cannabis and bring it into Ireland.

As you may imagine, this process is a tedious and expensive one. It is therefore no surprise that in more than a year, the ministry has only granted licenses to just a dozen people. Most of these individuals obtained their medical cannabis from medical cannabis pharmacies in the Netherlands.

The enactment of the Cannabis for Medicinal Use Regulation bill will bring a sigh of relief to the patients who desperately need medical cannabis but cannot afford to travel abroad frequently in order to obtain it. Earth Science Tech, Inc. (OTCQB: ETST) and FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) hope that the authorities in Ireland speed up all the necessary processes so that patients can access medical cannabis locally.

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 – US Marijuana Producers Opt to Certify Products Kosher (Since They Can’t Get Federal Organic Certification)

As the cannabis market matures in different jurisdictions within the U.S., producers are fine-tuning their products in order to make those products more appealing to different segments of the market. One of the ways to target a niche market is by having your product certified as organic.

However, such food classifications are controlled at the federal level in the U.S. and since marijuana is still illegal at the federal level, no marijuana product can be federally certified as organic.

So, what have marijuana producers decided to do?

Several certification bodies have taken root in different states. The most respected certification for cannabis is the “Clean Green Certified”. However, many of the other certifications don’t carry as much weight as the “certified organic” badge on a product’s packaging material.

In order to take cannabis products to the niche market, a producer in California has decided to get a certification that has a religious twist to it.

Mission Kosher Cannabis Inc. is a cannabis company owned by Mitch Davis. Davis decided to have his products certified by a third-party (kosher) in order to be different from the other cannabis producers who were getting their certification from within the cannabis industry.

With the help of Rabbi Levy Zirkind, Mitch Davis is creating kosher certification standards for cannabis after he got his own products Kosher certified.

For those who may not know, kosher certification is very different from organic certification. A product can be kosher certified even if that product isn’t organic.

Kosher certification is all about product cleanliness. The product should not have any bugs in it. The product should also be free from pest infestations. Cleanliness is of the essence. There is a rigorous inspection process that has to be done to check all the boxes on these items before one gets the coveted kosher certification.

Additionally, one’s production system has to undergo random inspections in order for the product to retain its certification.

Mitch Davis says he loves the kosher certification because it has helped him to gel his workforce into a unit. All of the employees know that everything must be clean at all times because you can never know when the kosher inspectors will pass by.

When the inspectors visit, they take a close look at the facilities, such as where the cannabis plants are grown, how they are grown and where they are processed. They check the plants and harvested cannabis bud for pests and they also want to confirm that the employees in the grow rooms are wearing the recommended apparel.

With a kosher certification, who can really miss the federal organic certification?

Generation Alpha, Inc. (OTCQB: GNAL) and Global Consortium, Inc. (OTC: GCGX) congratulate Mitch Davis upon thinking outside the box and coming up with a novel way to show clients that cannabis producers are willing to do everything possible to bring them products of the highest quality possible.

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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