CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Chocolatier to Offer Cannabis-Infused Chocolates

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has signed a letter of intent with Quebec-based Chocolatier to produce a new line of premium cannabis-infused, organic chocolate at its Valleyfield site. The new product line, part of TGOD’s strategic plans for expansion, will feature high-quality Belgian chocolate and organic gourmet ingredients. The announcement follows TGOD’s decision to transform its licensed Valleyfield facility into a processing hub to support its expanding product portfolio, reducing the company’s reliance on third parties and providing enhanced agility and increased quality control. “As we conducted a complete review of our operations, we saw the opportunity to leverage Valleyfield and centralize our processing activities for 2.0 products,” TGOD CEO Brian Athaide stated in the release. “Not only does it streamline our supply chain and help absorb the fixed costs of maintaining the site, it also makes us more agile and provides us with more control over the development and quality of our products. By developing the in-house capabilities to manufacture multiple product lines, we are well positioned to capitalize on the increasing popularity of cannabis derivatives such as beverages, chewables, chocolates, concentrates and teas.”

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

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards, and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as organic teas, dissolvables and vapes. Through its European subsidiary, HemPoland, TGOD also distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s common shares and warrants issued under the indentures dated Nov. 1, 2017 ,and Dec. 19, 2019, trade on the TSX under the symbol “TGOD,” “TGOD.WT” and “TGOD.WS,” respectively, and TGODF trades in the U.S. on the OTCQX. For more information about the company, visit www.TGOD.ca.

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

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

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420 with CNW – 4 Marijuana Harvesting Tips for Outdoor Growers

The harvest season is the most taxing as well as the most thrilling time of the outdoor plant growth cycle. This season can either make or break an entire year’s operation. To ensure your harvest is snag-free and also successful, here are some of the key things you should make sure are ticked off your ‘before-harvest’ checklist.

Ensure that your drying area has been prepared and is ready for use

It is important to sanitize and clean the drying area to be used. This will help prevent post-harvest contamination as well as ensure that your processing operation runs smoothly. Additionally, humidifiers and fans to be used should be cleaned and also checked out to make sure they are operating at optimal levels. If you do not have enough fans/humidifiers, then I suggest you purchase more. Using a humidity monitor in the drying area would help as well in ensuring that the rooms’ relative humidity remains at about 50%. This will be helpful in the first days after harvest.

Choose the method of harvest, how the buds will be dried and separated from the plants and determine the amount of space that will be needed

Many farmers usually make the mistake of underestimating the size of the space they’ll need for drying their marijuana. This affects the drying time, which usually compromises the quality of the finished product as well.

Here are a few options to choose from:

Harvest and break down the plants into individual branches then hang them up.
Remove the buds when they’re wet then dry the flowers on screens.
Alternatively, one can harvest then hang the whole plants up to dry and handle the sorting at a later time.

This will also help prevent post-harvest contamination.

Search the plants for botrytis(fungus) and other fungal issues regularly

As the harvest season nears, the weather may get cooler and, or, wetter. This is dependent on your location. Infected buds that are still on the plants need to be removed every day or else the fungus will spread rapidly.

Even after harvest, you should continue checking the drying buds/plants because mold can grow in the drying area, which may destroy your harvest.

Observe the weather and prepare for an early harvest because of non-stop rains or temperatures below 25ºF

Freezing cold weather will destroy your crop. So, it would be better to harvest early than lose everything. Crops that have been harvested early can make concentrates of high quality. The only downside of this is that you’ll earn less. However, you should not panic and start harvesting if it happens to rain a little or if the temperature remains between 26º to 28º F in the night. The plants can withstand that, it’s freezing weather and ongoing rains that are the problem.

Additionally, you should hire enough employees to help harvest and process the plants, especially if you decide to screen dry the plants and remove the leaves before the drying process begins.

Established companies like Pac Roots Cannabis Corp. (CSE: PACR) have probably fine-tuned their harvesting systems to a science, and startups would do well to devote as much attention to this phase of cannabis cultivation.

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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 – IRS Publishes Tax Guidance for Cannabis Industry

The U.S. cannabis industry has been in a precarious position for the past few years. Although more than thirty states have legalized cannabis sales in some form, the plant remains illegal at the federal level. So, although businesses can sell cannabis as long as they obtain a state license, federal law considers the business illegal. Despite this, marijuana businesses are required to pay federal tax and because marijuana remains illegal at the federal level, they are denied access to tax benefits.

Early this month, the Internal Revenue Service (“IRS”) released updated guidance on tax policy for the nascent marijuana industry. The agency acknowledges that although operators in the industry still have an obligation to pay taxes, they are denied tax benefits extended to operators in other markets. “A key complaint in promoting the highest degree of voluntary compliance on the part of taxpayers is helping them understand and meet their tax responsibilities while also enforcing the law with integrity and fairness to all. Businesses that traffic marijuana in contravention of federal or state law are subject to the limitations in IRS code.” says the IRS in the new memo.

The updated guidance covers the rules for income reporting, estimating tax payments, and keeping financial records as well as instructions on how cannabis businesses that don’t have access to banking services can pay their tax bills in cash. Additionally, the IRS explains in an attached Frequently Asked Questions document how court rulings have clarified that businesses are required to pay taxes even if they’re selling products considered illegal under state or federal law. The agency further states that businesses that are unable to pay their taxes in full are eligible for payment plans and that marijuana businesses are subject to the same penalties as any other business that come about during an income audit.

Marijuana businesses will be happy to know about IRS code 280E which “disallows all deductions or credits for any amount paid or incurred in carrying on any trade businesses that consist of illegally trafficking in a Schedule I or II controlled substance within the meaning of the federal Controlled Substances Act. Section 280e does not, however, prohibit a participant in the marijuana industry from reducing its gross receipts by its properly calculated cost of goods to determine its gross income.”

“Taxpayers who sell marijuana may reduce their gross receipts by the costs of acquiring or producing marijuana that they sell, and those costs will depend on the nature of the business.” This means that although cannabis businesses aren’t eligible for most traditional deductions, they can calculate the cost of goods and get some tax relief.

Experts say that while the document from the IRS does offer a window through which cannabis companies can get some relief, companies like Pure Extract Technologies Inc. would be happier with an arrangement that sees them getting equal treatment with other legal businesses in different states.

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CannabisNewsBreaks – Fresh Farms E-Liquid LLC Confirms PMTA Submission for Dozens of Quality Products

Fresh Farms E-Liquid, a global leader in both the vapor and CBD industries, today confirmed its September 6 submission of Premarket Tobacco Applications (“PMTAs”) to the Food and Drug Administration (“FDA”) prior to last week’s deadline of September 9, 2020. Fresh Farms, in working with key scientific partners to ensure the highest standards of analysis as well as Keller and Heckman LLP’s world-class legal team, fully expects acceptance of its submission to move on to the substantive scientific review phase with the FDA. Fresh Farms’ submission encompasses dozens of products as it seeks FDA approval to continue offering its extensive portfolio, which company leaders believe is perfectly suited to the needs of adults looking for alternatives to traditional, combustible tobacco products. “From day one, we have sought to be the best,” Fresh Farms CEO and Co-Founder Tony Devincentis said in the news release. “From our branding, our messaging, our team and the quality of our products – our commitment to the PMTA process has been no exception. We have spent years and countless hours evaluating our products, preparing for this moment, and the preliminary results have been phenomenal. Ultimately, our goal is to receive a marketing granted order from the FDA and begin postmarket reporting to them immediately. We plan on being a leader in our industry for years to come.”

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

About Fresh Farms E-Liquid LLC

Born out of a desire to make premium products available to every person looking for alternatives to traditional tobacco, Fresh Farms leads by example. Based in sunny Southern California, its portfolio includes the premium vapor products Fresh Farms and Fruitia, as well as Lift’s superior CBD and CBN products. Products are available in all 50 states and around the world. Life is an adventure. Enjoy the journey. For more information, visit www.FreshFarmsELiquid.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 – Fibonacci Brands Announces Acquisition of Darwin as Its Foundation Brand

Fibonacci Brands, a trusted player in the rapidly expanding international cannabis industry with a vision to create a house of world-class brands, today announced its acquisition of Darwin from Harvest Health and Recreation as its foundation brand. “We are thrilled with the opportunity to execute the vision of Darwin: to reintroduce humanity to cannabis, with integrity, so everyone can ‘Enjoy with Confidence,’” said Fibonacci Brands founder James George in the press release. “We thank everyone who has supported Darwin over the years, and we are excited to evolve our products to make Darwin even more accessible to the cannabis community.”

To view the full press release, visit http://cnw.fm/tvN9F

About Fibonacci Brands

Deriving its name from a mathematical principle that underlies the structure and beauty of nature, Fibonacci Brands’ vision is to craft an international house of brands that delivers the myriad benefits of cannabis. Its purpose-based brands will all share Darwin’s established integrity; however, they will be inspired by different insights. Darwin, the company’s foundation brand, offers Caramel Hard Candies, Seriously Good Gummies and award-winning vapes. All products span three “series” — Origin, Evolution and Voyager — that tailor dosing for the canna-curious, confident consumer and the cannasseur. Darwin won Best Vape at the Errl Cup and Best CBD Edible at the 710 Cup. Its brand icon — a lifelike lion named Darwin dressed in a vintage suit — is becoming a recognized feature at industry events. For more information, visit www.DarwinBrands.com.

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HempNewsBreaks – Cannabis Global Inc. (CBGL) Announces New Hemp You Can Feel(TM) Sweetener Product Line

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, is introducing the industry’s first no-taste, nonclouding, chemical-free hemp product line. CBGL’s revolutionary Hemp You Can Feel Sweeteners is the first hemp and cannabinoid-rich offering that delivers sweetening for both beverages and food in a cloud-free, 100% water-soluble format. The product contains no chemicals, additives, or GMOs. Using unique noninfused honey-bee hemp and cannabinoid technologies, the innovative product line fills consumer demand for all-natural options. Cannabis Global will begin shipping Hemp You Can Feel Sweeteners to customers next week. “Just over a year ago, we analyzed the available water-soluble food and beverage hemp infusion technologies and were unimpressed with the options,” CBGL CEO Arman Tabatabaei stated in the press release. “Most clouded beverages tasted simply horrible and the vast majority used unhealthy and unnatural chemicals. With the limited options, we set out to develop something better. We have succeeded well beyond our expectations!”

To view the full press release, visit http://cnw.fm/C1SUA

About Cannabis Global Inc.

Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission. The company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp- and cannabis-infusion technologies. The company does not engage in the production, distribution or sales of any controlled substances, including marijuana. CBGL has an actively growing portfolio of intellectual property, having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020, designed to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid. For more information about the company, visit www.CannabisGlobalInc.com.

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

About HempWire

HempWire (HW) 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. HW 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. HempWire (HW) is where HEMP news, content and information converge.

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CannabisNewsAudio – Pac Roots Cannabis Corp. (CSE: PACR) Employs Cutting-Edge Genetics to Deliver Premium Products

CannabisNewsWire Editorial Coverage: As the cannabis industry matures and is again heating up — a recent eye-popping report by Data Bridge Market Research projects that the global legal marijuana market will explode to more than $90 billion by 2027. Companies operating in the sector are looking to capitalize on opportunities the multibillion-dollar space offers. Recognizing the often submarginal quality of available product as well as high cost of development and land acquisition, Pac Roots Cannabis Corp. (CSE: PACR) (PACR Profile) utilizes state-of-the-art genetics to ensure premium-quality products. Using science and key strategic partnerships, Pac Roots intends to eliminate the quality and cost barriers to success and carve what could be profitable niche in a booming market. Canopy Growth Corporation (NYSE: CGC) continues expansion of its Canadian operations while Cronos Group Inc. (NASDAQ: CRON) has officially entered the Israeli medical cannabis market with the sale of its dried flower products. Aphria Inc. (NASDAQ: APHA) has also entered the Israeli market with its recently announced supply agreement with Canndoc, and Organigram Holdings Inc. (NASDAQ: OGI) has launched Trailblazer Snax, the largest cannabis-infused chocolate bar in Canada.

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About Pac Roots Cannabis Corp.

Pac Roots is focused on delivering the finest genetics to Canadians. Preserving the excellence of its elite strains while introducing the highest quality of new strains to the public is the company’s passion. The foundation, based on genetic variation and stability, drives the decision making for Pac Roots Cannabis Corp.’s business. For more information about the company, visit www.PacRoots.ca.

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

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CannabisNewsAudio, a service of CannabisNewsWire (CNW), allows you to sit back and listen to market updates, interviews and company press releases. CannabisNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. CannabisNewsAudio is a complimentary service of CannabisNewsWire.

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420 with CNW – Data Suggests Colorado Marijuana Users are Transitioning from Consumers to Patients

Six years after Colorado legalized adult recreational use of cannabis and amidst the largest health and economic crisis in a century, the state’s cannabis industry is flourishing. June saw recreational marijuana shops sell more than $155 million worth of cannabis products, a 6% increase from the $149,186,615 worth of cannabis products sold in May. July was even more profitable with the state reporting $42 million in medical marijuana revenues and $164.2 million from recreational marijuana for total monthly sales of $206.7 million.

Colorado is representative of the entire country’s cannabis industry: it was declared essential at the start of the coronavirus pandemic and has weathered the storm surprisingly well. While most industries were affected by the resultant economic crisis, cannabis has consistently broken sales records month after month, providing states much-needed tax revenue. As the coronavirus started spreading, experts predicted that the worsening economy and reduced disposable income would push cannabis consumers to the illicit market.

Additionally, they predicted that recreational users would try to reduce their monthly spending by obtaining medical marijuana cards that would enable the purchase of similar cannabis products at a significantly lower sales tax rate. As a medical marijuana card can generally be obtained without much difficulty, this was entirely plausible. Based on data collected in the months since, it seems the market is indeed moving from recreational to medical use.

The medical market was seeing stunted growth before COVID-19 but recent sales data shows that trend is reversing. Benzinga reports that “since the pandemic, we note an uptick in cardholder counts coupled with a sharp increase in monthly spending. This trend could also suggest that existing cardholders are spending more for resale into the ‘gray market’ (purchased in the legal market, sold in the illicit market).”

Colorado boasts one of the country’s oldest and most stable cannabis industries and it may set a precedent for other states with legal cannabis programs. “As the bellwether for the U.S. cannabis industry, Colorado could be an indicator of similar trends experienced in other recreational use markets. Cannabis regulations and disclosures vary by state and with a 6-plus year experience of regulating a dual market, we think Colorado could serve as an indicator of similar trends experienced in other U.S. bifurcated markets.”

However, Benzinga notes that as the medical and recreational scenes coalesce into a single, larger market, the trend will fade with more growth coming from the recreational market. “With the imminent end of federal prohibition, we recognize that this shift could prove inconsequential as the medical (as defined today) and recreational use markets combine into one substantially larger market (medical use will be redefined and recalibrated with precise dosage, efficacy, etc. similar to other health/wellness products).”

These are interesting developments that sector players like Sugarmade, Inc. (OTCQB: SGMD) are most likely going to analyze carefully.

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420 with CNW – Affordable Deals Drive Ohio Residents to Michigan to Purchase Medical Marijuana

Michigan has a new consumer market: Ohio’s medical cannabis patients and no, it’s not because their marijuana is better or of a higher quality. Only because it’s cheaper. Marijuana card holders from Ohio have revealed numerous times that they only travel to the cannabis clinics up north in Michigan to save money.

One medical marijuana patient recently stated in an interview that most Ohio clinics charged double the price that dispensaries in Michigan did. Another cannabis card holder, George McClure, admitted to going to Michigan dispensaries as they were far cheaper, even after factoring in the amount he’d spend to pay for gas to and from Michigan. He added that he signed himself up for text notifications that would inform him when Michigan cannabis clinics had sales, which would allow him to save almost 90% of what he’d pay in Ohio.

Most officials in Ohio’s medical cannabis industry hypothesize that once the cannabis industry in the state matures, the prices will decrease, making the herb more affordable to its consumers. State bodies who are tracking consumer costs support this notion.

It is estimated that approximately 9% of Michigan’s legal marijuana is sold to non-residents of the state, particularly individuals from Ohio and Indiana.

Michigan did have a head start though, seeing as they legalized medical cannabis over a decade ago and legalized recreational marijuana in 2018 for residents who are 21 years of age and above. Sales for recreational marijuana began in the state in late December of 2019.

This also makes Michigan a mature market in comparison to Ohio’s new market. However, buying medical marijuana in another state has its disadvantages. For instance, carrying cannabis across state lines, even legal cannabis, is illegal. Residents of Ohio can therefore, travel to Michigan and purchase the drug at any Michigan cannabis clinic of their choice but need to consume it before travelling back to Ohio.

Both states are however looking into an agreement that would allow cannabis cardholders who live in Ohio to purchase marijuana in Michigan and carry it back to Ohio. Nothing has been finalized though. Ohio issued a letter to medical cannabis cardholders that would allow them to bring cannabis products from Michigan for a period of 60 days after Ohio started a patient registry in 2018.

However, this appears not to apply to all Ohio residents who consume medical marijuana. Some residents of Ohio claim that prices in Ohio’s cannabis dispensaries are actually affordable. That is yet to be proven though.

It is such interstate activity that prompts analysts to think that sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) would be happier is the federal government legalized marijuana so that patients are free to buy and transport cannabis products anywhere around the country.

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CannabisNewsBreaks – Cannabis Is on the Ballot for Five More States This November

A recent CNN Business article by Alicia Wallace covers five additional states, including Arizona, New Jersey, South Dakota, Montana and Mississippi, where residents will vote on cannabis legalization this November. Following the 2016 “green wave,” as legalization measures passed in eight out of nine states in the U.S. election, the industry and its supporters are hoping for another big win. The article reads, “This year, voters in five states will decide whether to adopt either new medical or recreational cannabis laws – or, perhaps, both in the case of one state. As it stands now, 33 states have legalized medical cannabis, and of those, 11 states have legalized cannabis for adult recreational use.”

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

About CNN Business

CNN Business is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner’s Fortune and Money magazines. Since the spin-off of Time Warner’s publishing assets as Time Inc., the site has since operated as an affiliate of CNN. For more information, visit www.CNN.com/Business.

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