Category: CannabisNewsWire Release

CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) to Share Its Story at the 34th Annual Roth Conference

Advanced Container Technologies (OTC: ACTX) today announced that its key executives will be attending the 34th Annual Roth Conference, which is taking place in Laguna Niguel, California, from March 13-15, 2022. The conference is one of the largest of its type in the nation, focusing on small-cap businesses and featuring company presentations, question-and-answer sessions, and one-on-one meetings. ACTX’s long-term growth strategy focuses on several key inter-related vertical markets that provide unique synergy and opportunities. The company’s chief initiative is to revolutionize the direct-to-consumer food delivery (“meal kit”) market. “In 2020, amidst a global pandemic, we were able to make key strategic moves that fortified the company for future growth and expansion,” said Douglas Heldoorn, CEO of Advanced Container Technologies. “The company is ideally positioned for scale and growth: We have the right products in the right markets, and we expect great interest as we share our story with the Roth Capital Conference attendees.”

To view the full press release, visit https://cnw.fm/TQ3J1

About Advanced Container Technologies Inc.

Advanced Container Technologies is the exclusive distributor of GrowPods (controlled environment farms) in certain markets. For more information on GrowPods or Advanced Container Technologies, call (951) 381-2555 or visit www.AdvancedContainerTechnologies.com.

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

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 — Which Branch of the US Federal Government Could Initiate Marijuana Policy Reform?

The U.S. cannabis industry is experiencing a boom right now with Americans spending almost $25 billion on adult use cannabis products in 2021. Despite the growth, the industry has been affected by outdated policies that classify the drug as a Schedule 1 substance. This has greatly affected business operations, and as a result, corporations are working with advocacy groups to lobby for reforms that could significantly transform the industry. Meanwhile, countries such as Canada and the United Kingdom have changed their legislation to promote legality and medical research of the drug.

As the midterm polls approach, industry experts are predicting that there will be a significant push for federal marijuana reforms. According to Steve Hawkins, the executive director of the U.S. Cannabis Council (“USCC”), Congress is looking forward to passing a banking reform law. The bill will transform the industry by providing businesses with access to financial services and other benefits.

Apart from Congressional action, the other way to improve the policies governing the industry is through court challenges and executive decisions. As each option aims for improvement, they will impact cannabis businesses differently.

Congressional action is considered the most preferred way for pushing reforms. Lawmakers are considering bills that offer social equity and offer incremental gains. For example, the SAFE Banking Act is a bill sponsored by Rep. Ed Perlmitter (D-CO) that will see cannabis businesses receive financial services from banking institutions without federal penalties.

Congress has the ability to consider the prospects and needs of the cannabis industry in steps. Hawkins states that the USCC is prioritizing comprehensive reforms passed through Congress. However, some stakeholders disagree. According to Albert Gutierrez, CEO of Colorado-based MedPharm, a lot of effort will be used to legalize cannabis through Congress.

Challenging the federal government’s prohibition through the court systems has not been successful due to a number of reasons. Nevertheless, this has not dimmed down the possibility of a victory.

Cannabis stakeholders believe that reform could happen through rescheduling it to a Schedule 2 drug or lower. For such a decision to be successful, it would require involvement from the U.S. Food and Drug Administration (“FDA”) and Drug Enforcement Administration (“DEA”). Both agencies are somewhat cannabis friendly, and the newest FDA commissioner is a supporter of medical research of marijuana.

Other factors that could influence rescheduling include the country’s rescheduling stance at the United Nations and the DEA awarding licenses that allow many more entities to grow cannabis for federally approved research.

Regardless of which branch of the feds take the lead in bringing about cannabis policy change, the entire industry and sector actors such as Cannabis Strategic Ventures Inc. (OTC: NUGS) would be glad to see an end to federal marijuana prohibition and its current barriers to the sector.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

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 — A Glimpse at the Road Ahead Before Marijuana Beverages Dominate the Market

Released estimates show that by the end of this year, the THC-infused beverages market will be valued at $340 million. Manufacturers of marijuana beverages need to understand the gaps in the market and find ways to bridge those gaps in order to approach the same levels of market share as its alcohol counterpart.

Consumer sentiment is the primary driver in the creation of new categories, and there are four areas of opportunity driven by consumer sentiment, which manufacturers in the flourishing cannabis beverage industry should consider. Those areas include the following:

  • Individuals who are sensitive to the effects of alcoholic drinks and prefer to not have hangovers but would still like a beverage that allows them physical and social benefits.
  • Marijuana consumers who would like to replace their smoking habits or complement their existing consumption preferences.
  • New consumers who are easing into or are curious about recreational marijuana but aren’t keen on experimenting with edibles.
  • Individuals who consume alcohol and have become mindful of the effect alcohol has on their well-being and health and are seeking alternative ways to socialize and/or relax.

Once manufacturers gain a good understanding of the consumer insights that drive growth in the beverage market, they can take into consideration the unique opportunities in the market which benefit them. These include the following:

The popularity of THC products has been growing

Thus far, 18 states have legalized the recreational use of marijuana, which has led to the creation of a billion-dollar marijuana market.

Beer and overall beverage market sales have declined

Growth has stagnated within the larger beverage market in the last couple of years. This has pushed manufacturers such as Heineken and Molson Coors to invest in research and development in new markets, particularly cannabis, as cannabis beverages may soon replace alcoholic drinks.

Possible manufacturing advantages

Manufacturers of THC- or CBD-infused beverages can ferry their concentrate to existing facilities that are used in the manufacture of carbonated drinks, given that the facilities are currently underutilized, judging from the reduction recorded in beer and carbonated drink sales. This will allow cannabis beverage makers to make use of production availability.

However, there are also challenges that manufacturers should keep in mind. This includes the interstate travel requirements as well as the serving size and weight restrictions, among many others.

This shouldn’t discourage those seeking to invest in or that are already involved in the industry, as there are uncertainties with any new market. Keeping in mind these challenges as well as opportunities the market presents may increase a company’s chance of success. Companies such as Flora Growth Corp. (NASDAQ: FLGC) that have a stake in the beverages segment have their work cut out if beverages are to make a sizeable dent into the market share that cannabis flower currently enjoys.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

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 — Data Shows More Banks Are Working with Cannabis Businesses as Clients

Data recently released by the Financial Crimes Enforcement Network shows that the number of financial institutions working with cannabis businesses grew in 2021. While it isn’t clear if this increase is associated with moves in Congress to approve a marijuana banking reform measure, this federal data shows that banks feel more comfortable serving cannabis businesses located in state-legal markets.

As of September 2021, there were 755 credit unions and banks that revealed that they were actively servicing marijuana clients. This is a slight increase from the figure recorded in the previous quarter.

Despite the presence of the Financial Crimes Enforcement Network guidance, which financial institutions can use to navigate this space, legislators are focused on enacting clear protections that will be accomplished through the Secure and Fair Enforcement (“SAFE”) Banking Act. The SAFE Banking Act will prohibit federal regulators from penalizing financial institutions such as banks that serve legitimate cannabis businesses.

However, some reluctance within the banking sector may remain when it comes to serving cannabis businesses until the bipartisan measure is approved, as these institutions may still be penalized. Last year we saw a consistent and substantial decrease in the number of credit unions and banks that revealed that they were serving cannabis businesses.

In its latest report on marijuana banking data, the Financial Crimes Enforcement Network revealed that the reductions recorded in the number of financial institutions that were actively offering banking services to cannabis businesses in the short term could be explained by filers exceeding the 90-day filing timeframe for reports on suspicious activity. Previous reports from the agency note that it stopped including businesses that dealt with hemp in its reports since hemp was legalized in 2018 under the farm bill. The agency, which is part of the Department of Treasury, did not mention the possible impact of the COVID-19 pandemic on trends in cannabis banking in its latest report.

The SAFE Banking ACT has been approved in the House six times. However, it has stalled in the Senate under both Democratic and Republican control. Chuck Schumer, the Senate Majority Leader, recently signaled that he would be open to approving the banking measure if provisions on equity were included. The sponsor of this comprehensive reform, Rep. Ed Perlmutter, has also revealed that he was confident that the measure would finally receive approval during this session. Perlmutter is set to retire at the end of this current session.

As more banks open their doors to legitimate cannabis companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), the industry will have fewer challenges with regards to basic banking services, and their operations will be eased somewhat, especially when one considers how cash-only businesses are vulnerable to robbery and other related risks.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — Poll Reveals More Americans Prefer Marijuana Consumption to Alcohol

According to a YouGov survey, many Americans prefer that people switch their consumption preference from alcohol to marijuana. The survey was conducted in February 20200, and it relied on responses from 10,412 Americans.

According to the poll, 27% of the respondents agreed with the idea of people substituting marijuana for alcohol while 20% disagreed. Meanwhile, the majority — some 38% — replied that it was neither good nor bad while the remaining 15% were unsure.

Several studies have been done in the past to compare the pros and cons of marijuana to those of alcohol. Proponents have indicated the long-term negative impact that alcohol has on health, which includes death from alcohol poisoning. According to the Centers for Disease Control and Prevention (“CDC”), despite alcohol being legal in all states it is responsible for 88,000 deaths.

In comparison to marijuana; the Drug Enforcement Agency (“DEA”) has not recorded death related to the drug’s overdose. Generally, marijuana has lesser risks associated with it, and the plant’s constituents have been found to have a positive impact on improving certain health conditions.

The demographic analysis of the survey indicated that Democrats were less hesitant to switch from alcohol to marijuana. An estimated 34% of respondents said that the switch was good compared to 18% of Republicans and Independents accounting for 27%. It was also found that individuals who were between 30 and 34 were most likely to agree with the substitution; 17% of those above 65 shared the same sentiments.

There is a change in mindset as the public becomes more comfortable with the recreational use of marijuana. According to Mikayla Bell, the community outreach manager at NETA, which is Massachusetts’ biggest marijuana retailer, people are turning to marijuana for relief. She added that the substances do not have the calories and hangover associated with alcohol.

In addition to the shift in mindset, states where marijuana is legal for adult use are experiencing a trend of booming sales and tax revenue. According to available data, Massachusetts recorded that it had collected more tax revenue from marijuana than alcohol at the halfway point of the financial year. It collected $51.3 million from alcohol and $74.2 million from marijuana.

Meanwhile, marijuana sales in Illinois totaled more than $1.9 billion since the state legalized the drug in January 2020. The tax revenue collected by the state last year on marijuana was $100 million more than that of alcohol.

Also, a 2019 study by the University of Oregon found that alcohol-related accidents reduced once the adjacent Washington state legalized marijuana.

As more Americans wake up to the benefits that legally sourced marijuana has over other substances such as alcohol, sector firms such as American Cannabis Partners will have a bigger client base to serve as the years go by.

NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP

About CNW420

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

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

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Acquisition Expected to Provide Significant Growth Acceleration

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, recently acquired JustCBD, a market leader in the consumable cannabinoid market. The acquisition is expected to provide meaningful growth acceleration and deliver human capital to the Flora organization and strengthen its foothold in the U.S. wellness market. In addition, there is significant opportunity to leverage Flora’s economically-advantaged cultivation to support expansion of the JustCBD brand across the global market. Roth served as exclusive financial advisor to JustCBD on the transaction.

To view the full press release, visit https://cnw.fm/CYSwg

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands that is designed to deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. For more information, visit the company’s website at www.FloraGrowth.ca.

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

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)

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CannabisNewsBreaks – American Cannabis Partners Leveraging Proven Strategies to Position in US Cannabis Industry

American Cannabis Partners (“ACP”) is strengthening its position in the United States’ legal cannabis sector while keeping an eye on federal cannabis reform, which has been a roller coaster ride over the past several years. The introduction of several bills raised hopes for legislative support, especially with a change in the White House seeming to create a more cannabis-friendly atmosphere. But 2021 did not bring the much-anticipated change, and many companies operating in the space, including ACP, are looking for this year to be different. “American Cannabis Partners is eyeing the federal back-and-forth with more interest; federal change could have a significant impact on the industry, which currently operates with state-level approvals but without federal support. Yet nationwide, support for cannabis is growing,” reads a recent article. “ACP is strengthening its position in the sector, currently operating in two states – California and Michigan – that have passed legislation approving marijuana. With a total of 12 cannabis licenses, including 20,000 square feet of cultivation licenses in California and 540,000 square feet of cultivation licenses along with one retail license in Michigan, ACP is contending for first place in the U.S. cannabis industry by following proven strategies that accelerate the company’s assets, operations, expansions, and market share.”

To view the full article, visit https://cnw.fm/D2GrW

About American Cannabis Partners

American Cannabis Partners is a fully licensed, large scale and 100% organic cannabis cultivation company nationally headquartered in Trinity County of the Emerald Triangle. Guided by business professionals and cultivators, the company focuses on four industry segments: real estate, cultivation, medical research, and nonprofit groups. For both medical and recreational, American Cannabis Partners supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licenses. Its commodity pricing model enables stable profit margins for customers, aiding the company’s expansion into multiple states. For more information, visit the company’s website at www.ACPFarms.com.

NOTE TO INVESTORS: The latest news and updates relating to American Cannabis Partners are available in the company’s newsroom at https://cnw.fm/ACP

About CannabisNewsWire

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

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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

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

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420 with CNW — Unions, Businesses and Groups Spend Millions Lobbying for Federal Cannabis Reforms

As more states in the U.S. legalize marijuana for medical or recreational use and the industry grows, political not-for-profit organizations, trade associations and cannabis businesses continue to lobby for cannabis reform and legalization.

Lobbyists are being paid a lot to weigh in on the cannabis reform measures being introduced in Congress, with OpenSecrets finding that 22 clients spent roughly $4.3 million last year to employ professional lobbyists to keep tabs on cannabis reform. OpenSecrets, which is a not-for-profit research group tracking political spending, found that this figure had increased from the $3.6 million recorded in 2020, noting that in the last 10 years the tally had also grown significantly.

The group found that in 2011, $35,000 was spent on lobbyists focusing on cannabis issues, with the Medical Marijuana Industry Group and the National Cannabis Industry Association accounting for this total. These tallies remained in the thousands until 2017, when stakeholders in the now-growing industry spent more than $1.5 million lobbying Congress about cannabis issues.

Since then, spending has continued increasing, with more than $15 million being spent in the period between 2018 and 2022. It’s no surprise that lobbying efforts for cannabis have increased at the federal level in the recent years, given the industry’s growth.

OpenSecrets also found that the majority of tribes, firms and organizations that spent funds on lobbyists to work on issues concerning marijuana also poured other monies into lobbying on other issues relevant to their backgrounds or businesses. This made it difficult to figure out exactly how much these stakeholders had spent on cannabis-related lobbying.

Players in the marijuana industry who spent monies lobbying Congress in 2021 include:

  • Pax Labs, which spent $120,000 on the SAFE Banking act and other issues related to the marijuana industry
  • Curaleaf Holdings, which used $280,000 to support the SAFE Banking Act, the MORE Act and other initiatives related to the federal legalization of marijuana
  • Holistic Industries, which spent $220,000 on issues related to social equity, banking and interstate cannabis commerce

Other businesses that spent money in 2021 on lobbying that involved marijuana and other issues include:

  • Morgan Stanley, which spent about $200,000 on marijuana–related banking
  • Amazon, which spent about $10 million on various marijuana proposals, including the Cannabis Administration and Opportunity Act and the MORE Act
  • Altria Client Services, which used nearly $12 million, with some of it going toward the MORE Act, the Safe Banking Act and hemp legislation

These are just a few of the many organizations and mainstream companies that are keeping tabs on marijuana activity in Congress as the marijuana industry continues to flourish and create lots of growth opportunities for licensed companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS).

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

About CNW420

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

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

For more information please visit https://www.CNW420.com

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

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420 with CNW — Delayed Review Leaves Canada’s Cannabis Industry in Suspense

A review of Canadian legislation that seeks to address key issues in the country’s cannabis industry has been delayed. The Cannabis Act is in need of a mandatory review that was scheduled for October 2021, three years after Canada made it legal to use marijuana for recreational purposes. According to Tammy Jarbeau, a health spokesperson, a legislative review is currently in the works.

Once the review launches, the industry seeks to address issues, some of which are not covered in the Cannabis Act. Some of those issues include excise taxes, potency limits of products, and the marketing and advertising of cannabis products. According to industry sources, the September elections, the installation of a new health minister and the pandemic are possible reasons for the review’s delay.

Last year, the Cannabis Council of Canada was in discussions with Health Canada, which wanted to narrow the review. The review is expected to have an impact on public health, Indigenous communities and legal home cultivation. George Smitherman of the Cannabis Council states that the concern of public health is important in addressing the country’s illicit market of cannabis. According to Sean Webster, an official for Ontario-based producer Canopy Growth, there are broader issues around regulations that need to be looked at in addition to the review of the mandatory issues.

The industry wants a review that will allow for an increase in the THC limit of cannabis products. According to Webster, the illegal market has products, which consumers are demanding, that claim to have more than the 10-milligram THC limit.

Health Canada’s framework on costs levied on earnings made by cannabis growers is another subject that needs to be reviewed. According to Vlad Klacar, a senior vice president at Auxly Cannabis, taxes are a burden to growers, businesses and enterprises that are still finding their way through this emerging sector. He suggests that the fees could be charged on projects or be tied to service standards.

Another concern is cannabis excise taxes, which are grouped under the Excise Act instead of the Cannabis Act. This means that the regulations come from the Department of Finance and the Canada Revenue Agency instead of Health Canada. The Ontario chambers of commerce together with British Columbia are demanding tax reforms.

It is expected that the review will end after 18 months from commencement with a report containing findings and recommendations presented to the Canadian Parliament. Webster states that the industry is ready for the review and is interested in how the process will play out. Entities such as Flora Growth Corp. (NASDAQ: FLGC), which have their eyes on an international market, are particularly interested in the review outcome.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

About CNW420

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

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

For more information please visit https://www.CNW420.com

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

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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) in the Driver’s Seat Across One of the Country’s Largest, Fastest-Growing Cannabis Markets

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently announced it had received all regulatory approvals and closed its acquisition of PharmaCo, a Michigan-based marijuana company. This acquisition expands RWB’s footprint within the state, having initially only had a single product line in this market – the Platinum Vape(R) brand. Following the acquisition, RWB now controls all aspects of its Michigan operations. “This successful acquisition gives RWB access to 22 owned properties, including nine dispensaries and three cultivation sites in Glendale, Marquette and Au Gres… Going forward, RWB looks to execute its initiatives that include extending its branded product lines, updating its dispensaries to heighten the customer experience, creating supply chain efficiencies, and growing revenue and profitability. This is possible given the company now controls all Michigan operations, from growing the product to selling it,” a recent article reads. “We are now in the driver’s seat on over 20 assets across Michigan – one of the largest and fastest-growing cannabis markets in the country,” said RWB CEO and Chairman Brad Rogers.

To view the full article, visit https://cnw.fm/6RGS2

About Red White & Bloom Brands Inc.

The company is positioning itself to be one of the top three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona and California with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

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

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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CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.