Category: CannabisNewsWire Release

CannabisNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Posts Record Revenues in July, Reaching $2.3M

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, has released monthly performance data for July. Those numbers — $2.3 million in total sales from cannabis products — exceeded company projections and mark a record sales performance for the company. The report attributes much of this record-breaking growth to its improved positioning in the California cannabis market among partners and distributors. “It would be easy to lose perspective at this point because we exceeded our own expectations by such a wide margin in July,” said Cannabis Strategic Ventures CEO Simon Yu in the press release. “That said, we believe we understand what’s driving this accelerating growth: a combination of better products, better distribution relationships, and better pricing coming together in a favorable environment. And we have a strategy in place to continue to drive progress in all of these areas going forward.”

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

About Cannabis Strategic Ventures Inc.

Cannabis Strategic Ventures is one of the largest publicly traded marijuana cultivators in the United States. Based in Los Angeles, the company incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing cannabis consumer brands. For more information, visit www.CannabisStrategic.com.

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

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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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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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Arizona Court Rules in Favor of Marijuana Ballot Initiative

Cannabis legalization activists in Arizona can finally breathe easy after a judge dismissed a lawsuit claiming that their recreational cannabis legalization measure was unfit for the November ballot. Last month, Arizonans for Health and Public Safety filed a lawsuit arguing that the measure wasn’t accurately described in the 100-word summary included in the petitions that voters signed. The group said that plenty of information was left out of the summary, denying voters all the information they needed to make an informed decision.

On Friday, Maricopa County Superior Court Judge rejected the claims that the 100 word summary on the initiative excluded the measure’s principal provisions. The judge, a Gov. Doug Ducey appointee, ruled that voters who signed the initiative had not been misled and that the measure could be on the ballot. “At 100 words, the summary also cannot include everything. That is why the full initiative must accompany the petition.”

He also chided foes of the initiative for suggesting that voters in Arizona might not be able to understand the implications of the measure’s provisions such as changing laws on advertising and altering regulations on driving under the influence of drugs. “This initiative is plain. It wants to legalize recreational marijuana. That is the principal provision,” wrote Smith in a 15-page ruling. “It is unlikely electors signing these petitions would be surprised by cascading effects of legalizing a formerly illegal substance.”

Arizonans for Health and Public Safety chairperson Lisa James, who filed the lawsuit with “eight concerned Arizona voters,” says an appeal is likely. Although the recreational cannabis legalization measure promises to direct substantial funds collected from sales tax towards community development, James says the summary failed to provide crucial details. This includes the fact that the measure would legalize more concentrated resins as well as cannabis flower.

She also claimed that the summary did not make it clear that if the measure became law, people could legally drive with metabolites of marijuana in their system, with the test being whether they were “impaired to the slightest degree.” However, according to Smith, that is irrelevant. He pointed out court cases that already say that medical marijuana patients with marijuana metabolites in their blood, evidence of earlier usage, cannot be convicted of driving under the influence of drugs unless they show evidence of impairment.

“An elector signing a petition to legalize recreational marijuana would likely be surprised if the initiative did not decriminalize driving with any amount of metabolite in one’s system.”

Industry watchers say the ruling in this case is likely to give the entire cannabis industry, including The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER), since it removes a possible barrier to giving people in Arizona a chance to decide whether marijuana should be legalized or not.

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)

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420 with CNW – Vermont Could Be Close to Legalizing Marijuana

2020 looked to be the year for cannabis. Several states had plans to legalize cannabis via either voting on the November ballot or inclusion in the budget at the start of the year, but the coronavirus threw everything into disarray. The resultant health and economic crisis forced many of them to postpone legalizing cannabis to 2021 and beyond. However, some states were able to take the steps needed to initiate legalization despite the crisis. Vermont, for instance, seems poised to advance legal marijuana sales very soon.

S.54, legislation that will legalize retail marijuana sales in Vermont beginning in 2022 is set to advance in a special session either this month or next, says an inside source. Although the state legalized the possession of up to an ounce and cultivation of two plants, there is no regulatory system for retail sales. Bill S.54 would create a comprehensive regulatory structure for cultivation and retail sales. Two versions of S.54 have been approved by both chambers but they differ in certain ways.

The House version of the bill would impose an excise tax of 14% of the retail value and a 6% general sales tax while the Senate version would impose a 16% tax and allow for a local option of 2%, The senate bill would exempt recreational marijuana from the general sales tax levied by the state and it would also ban flower with more than 30% THC and concentrates with more than 60% THC. A bicameral conference committee appointed in March has been charged with reconciling the two different versions into one proposal to send to the governor.

“S.54 is currently in a committee of conference and we expect that committee to meet during the August/September legislative session. That’s consistent with what the leader said during a June telephone town hall, where she said they were ‘aiming to get it passed in August,’” said the chief of staff to House Speaker Mitzi Johnson. If S.54 is passed, Arizona will join a growing number of states which tax marijuana by retail price.

According to estimates from the Legislative Joint Fiscal Office (“JFO”), a 14% excise tax (House version) would raise $4.2 million in the first full fiscal year. 30% of the revenue would be allocated to misuse prevention while 60% would go to the general fund. A 16% retail tax (Senate version), one the other hand, would raise around $5.4 million in the first fiscal year.

Dave Silberman, a pro bono drug policy reform advocate says that beyond earning the state tax revenue, “an adult-use cannabis market will provide an economic lifeline to thousands of Vermonters by creating new, well-paying jobs that support our rural economy.”

It would be enlightening to hear what companies like Cannabis Global Inc. (OTC: CBGL) think about these two versions of the legalization bill.

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 – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) CEO to Report Q1 Financial Numbers during Teleconference

The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), a producer of premium bottled alkaline water, flavor-infused waters and CBD-infused products, has scheduled a teleconference to review its financial report for the first quarter. The teleconference will be hosted by WTER president and CEO Richard Wright and CFO David Guarino. The teleconference will begin at 5 p.m. ET on Aug. 13. Investors, analysts and other interested parties are invited to call 1-877-407-3088 (in the United States and Canada) or 1-201-389-0927 (outside the U.S. and Canada). A link to a recorded version of the teleconference will be available on Friday, Aug. 14, at approximately 10:30 a.m. by calling 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers, then entering the conference ID: 13708393. This recording will be available until Aug. 19, 2020. In addition, WTER will issue a press release announcing its financial results after market close on Aug. 13.

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

About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company visit www.A88CBD.com and www.TheAlkalineWaterCo.com.

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

About CanadianCannabisWire

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

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

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420 with CNW – Regulators in Massachusetts Asked to Revisit Marijuana Telehealth and Delivery

Back in 2016, voters in Massachusetts elected to legalize cannabis in the state. Nearly four years later, the legal landscape of Massachusetts’ legal cannabis industry is still changing and shifting. Like in most states with a legal cannabis program, the industry is fairly young, and regulators are working together with stakeholders and consumers to create a regulatory framework that works for everyone.

Last Monday, there was a public hearing held to collect input on the cannabis industry from medical marijuana patients, caregivers and aspiring entrepreneurs. The information will help the Cannabis Control Commission (“CCC”), which was tasked with regulating the state’s cannabis industry, to formulate regulations during its third phase of rule-making.

One of the areas covered in the hearing was home delivery of marijuana. Although the state has allowed home delivery under its medical marijuana program, advocates are pushing for a delivery-only license for the recreational market. They argue that this will help level the playing field between large corporations and small businesses as there are fewer barriers to entry for delivering compared to retail licenses.

Additionally, the advocates advised the CCC to increase the exclusivity period for delivery licenses. They are exclusively available to participants in the CCC’s Social Equity Program and certified economic empowerment applicants for a minimum of two years.

“If the exclusivity period remains at two years, this will not give the commission enough time to evaluate the success or lack thereof of the delivery license since not every operator will be licensed at the start of the period, and evaluation must occur many months before the expiration date of exclusivity. To give yourselves enough time to evaluate the program and what changes might need to be made, please extend exclusivity to three years, with an option to renew at that point,” says Morriss Partee, president of Emerald River LLC and advisor to the Massachusetts Cannabis Association for Delivery (“MCAD”).

Massachusetts Patient Advocacy Alliance (“MPAA”) Development Director Michael Latulippe raised an issue with the state’s telehealth program. He asked the CCC to make its executive director’s bulletin allowing initial medical marijuana patient certification to take place via a telehealth appointment between a patient and physician a permanent part of its regulations.

“The medical program suffers from the same problems as traditional health care in communities of disproportionate impact. Additionally, patients in rural areas and patients incapacitated by their conditions are limited by this regulation. It is widely reported that veterans, victims of incarceration, and many other groups in areas of disproportionate impact suffer from post-traumatic stress and have a general anxiety towards health care, which creates social disparities in health care access for those groups.”

It is believed that companies like The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) are hoping that the Massachusetts regulators act on the feedback they received so that the industry meets the needs of all stakeholders in the state.

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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CNW420 is part of the InvestorBrandNetwork.

420 with CNW – Israel Health Ministry to Slash Medical Marijuana Prices in Half

Israel’s medical cannabis program recently went through a number of reforms that will see patients purchasing medical cannabis for up to 50% off the current price. The changes were presented by Health Minister Yuli Edelstein in the Knesset’s Labor, Welfare, and Health Committee. The reforms include switching from a license system to a prescription system, demanding a special budget basket from the Ministry of Finance, directing marketing and sale outside of pharmacies, the removal of cannabidiol (“CBD”) from the Dangerous Drugs Ordinance, transparency of products components for patients, and more.

According to Edelstein, he was exposed to the increasingly popular medical cannabis twice before assuming his current position as Health Minister. “It wasn’t until I entered the Ministry of Health that I had two opportunities to be exposed to the subject. The first one was 10 years ago,” he says. “When I was minister of Information and the Diaspora, I was offered to take foreign journalists to a place that produces and grows medicines. It was a great success.”

The second instance was much sadder. When my late wife, Tanya, was in her last months and the pain was severe, the doctor suggested she use marijuana. I am a witness that it helped her,” he says. “I don’t know if there were medical effects or not, but concerning the pain, it definitely helped her.” The Health Minister has since received tons of inquiries about cost from patients.

“When I arrived at the Ministry of Health, I received a lot of inquiries from patients about the prices and the mess. It was clear that professional and fast care needed to be given and that with the COVID-19 crisis I would not be able to reach it alone in the coming year. Therefore I asked Yoav Kish’s deputies to coordinate all treatment of the issue and address the issue as soon as possible with officials from the Ministry of Health and outside the ministry. This is an opportunity to thank the Deputy Minister who devoted his time and effort to this.”

Deputy Health Minister Kish, tasked with finding ways to lower medical marijuana costs, says his first assignment after assuming office is to address medical cannabis reform. “No one can remain indifferent to the harsh reality in which patients live. Unfortunately, the leading issue in public complaints is medical cannabis. We have led a series of steps here that will significantly facilitate the economic aspect. At the same time we are removing the bureaucratic suffering from which patients suffer a great deal.”

This is likely to be seen as great news by sector players like Cannabis Global Inc. (OTC: CBGL) since the best interests of patients has always been at the center of what all cannabis companies do.

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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CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – CannabisNewsWire Re-Engaged as Official Newswire to Market Benzinga’s Upcoming, Entirely Virtual Event

The Benzinga Cannabis Capital Conference, renowned as the premier gathering of cannabis entrepreneurs and investors in North America, today announced additional details for its next event. Originally scheduled to take place in Detroit, this year’s conference, slated for Aug. 18, 2020, will be hosted in an entirely virtual format. CannabisNewsWire, a multifaceted financial news and publishing company, has been re-engaged as the Official Newswire to market the event to its many followers via multiple newsletter brands and other subscription-based services, as well as provide each of the participating publicly traded companies with dedicated virtual coverage. This coverage includes amplified article syndication to over 5,000 strategic partners. “Our team is always thrilled to work with Benzinga’s event organizers,” Jonathan Keim, director of communications for CannabisNewsWire, said in the news release. “This well-experienced organization is known throughout the space for consistently attracting North America’s leading cannabis innovators, investors and entrepreneurs.”

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

About Benzinga and Benzinga Events

Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content. The Benzinga Cannabis Capital Conference series is held throughout the year in North American cities. Each event brings investors face-to-face with top cannabis companies to hear about advancements in the rapidly evolving sector. For more information, visit www.Benzinga.com and www.Benzinga.com/Events.

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

Do you have questions or are you interested in working with CNW? Ask our Editor

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Cornerstone Investor Featured in BNN Bloomberg Article

Canopy Rivers’ (TSX: RIV) (OTC: CNPOF) cornerstone investor, Canopy Growth Corporation (TSE: WEED) (NYSE: CGC), was featured in a BNN Bloomberg article by David George-Cosh titled, “Strong medical sales help Canopy Growth beat Q1 estimates.” Among other highlights, the article discusses Canopy Growth Corp.’s recently reported fiscal first-quarter financial results. The article reads, “Canopy, the world’s largest cannabis company by market valuation, said that its medical cannabis business outperformed in its three-month period ending June 30, while also seeing revenue gains from its German pharmaceutical subsidiary and its topical cream products.”

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

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 18 companies across various segments of the cannabis value chain. Canopy Rivers believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging its industry insights, in-house expertise, and thesis-driven approach to investing, Canopy Rivers aims to provide shareholders with exposure to specialized and disruptive cannabis companies. The company’s mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with its portfolio, Canopy Rivers is helping build the cannabis industry of tomorrow, today. For more information, visit www.CanopyRivers.com.

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

About CanadianCannabisWire

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

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

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

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CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Launch of Hiway – a New, Value-Oriented Brand

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), today announced the launch of Hiway, a new brand dedicated to providing frequent cannabis consumers with affordable products that do not compromise on quality. “While we continue to see a strong market for our premium 7ACRES products, we are also seeing a tremendous consumer response to more affordable cannabis offerings; in July, dried flower products priced under $6 per gram accounted for approximately 40% of flower sales in Ontario,” Beena Goldenberg, president and CEO of Supreme Cannabis, stated in the news release. “With Hiway, we aim to exceed consumer expectations for value products by delivering a quality product at an affordable price. Hiway benefits from our strong reputation and leading practices for growing and processing high-quality cannabis products. With the launch of this value-oriented brand, we are leveraging our competencies, capacity and efficiencies to build market share and create an exceptional experience for more cannabis consumers.”

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

About Supreme Cannabis Company, Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s most premium producers of recreational, wholesale and medical cannabis products. Supreme Cannabis’ portfolio of brands caters to diverse consumer and patient experiences, with brands and products that address recreational, wellness, medical and new consumer preferences. The Company’s recreational brand portfolio includes, 7ACRES, 7ACRES Craft Collective, Blissco, sugarleaf and KKE. Supreme Cannabis addresses national and international medical cannabis opportunities through its premium Truverra brand. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including, scaled cultivation, value-add processing, automated packaging and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

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

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

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

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

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420 with CNW – 2021 Looks Promising for Pot Stocks

Had the coronavirus pandemic not struck, 2020 would have been a good year for cannabis. Several states were planning on legalizing cannabis either through a ballot or inclusion in the budget, but a lot of these plans have been put on the backburner. However, despite the ongoing health and economic crisis, cannabis stocks have fared relatively well. There was an initial dip in the industry’s value when the coronavirus struck but after a month or two, states were reporting record breaking cannabis sales. As we begin the last half of the year, investors are gearing up for 2021, which they believe will be even better for cannabis stocks.

Cannabis has seen months of bullish stock trading and many cannabis stocks continue to shoot up by double or even triple digits. Such massive growth is unsustainable over the long term but investors believe cannabis will continue to grow at a more reasonable pace, especially in 2021. The year has been tough, without a doubt, and as we head to the general elections in November, the U.S. faces the biggest health and economic crisis it has seen in quite a while, with most of the country gripped by anti-police brutality protests. So how will cannabis fare in such a grim looking future?

Election Day may just be the most important day in cannabis history. This year, lawmakers have filed a number of bills to federally legalize cannabis, and their passage will depend on who assumes office in November. Although presumptive Democratic presidential candidate Joe Biden doesn’t support broader marijuana legalization, he does support decriminalizing cannabis, expunging the records of individuals with prior possession convictions and letting states set their own policies.

In July, a Democratic Senator said that if his party reclaims the Senate and White House in November, lawmakers will “move very quickly” to legalize marijuana regardless of Biden’s opinion on the matter. “From my perspective, this is another issue that’s right there on the ballot in November. We’ll move very quickly in January to change these laws to make sure that there are national protections put in place,” Sen. Ed Markey told the Young Turks podcast.

Several states also have plans to legalize marijuana either in the November ballot or next year. The U.S. cannabis industry was estimated to be worth $13.6 billion in 2019 with 340,000 jobs devoted to the handling of the infamous plant. As of March 2020, 33 states had legalized medical marijuana while 14 had allowed marijuana for adult recreational use. States like New Jersey, Arizona, Mississippi and South Dakota are likely to legalize cannabis later this year, and the resultant state legal industries will only benefit pot stocks. Cannabis has shown that it can consistently bring in millions’ worth of dollars in taxes even in the midst of a global health and economic crisis, and states will without a doubt want a piece of the cake.

This promising future may be exactly what is keeping entities like Pac Roots Cannabis Corp. (CSE: PACR) investing more in their operations in a bid to serve their current and future clients better.

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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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