Category: CannabisNewsWire Release

CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Reports Financial Results for 2019, Substantial Revenue Increase

LiveWire Ergogenics (OTC: LVVV), a company focused on acquiring special purpose real estate properties conducive to producing high-quality handcrafted cannabis products for commercial medicinal and adult-use in California, today announced its financial results for 2019. According to the update, the company generated $1.35 million in revenue for the year, an increase of 3,695% compared to 2018. “The acquisition of Estrella Ranch in Paso Robles California in 2019, has successfully positioned LiveWire with an operation on one of the most beautiful, and historic locations in the country, with a microclimate perfect for growing exceptional handcrafted-style cannabis,” LiveWire Ergogenics CEO Bill Hodson said in the news release. “Our goal is for our operators on the Ranch to produce a product unique to the environment, establish high quality recognized brands, and to have the ability to dynamically scale the business on our vast acreage as required by customer demand.”

To view the full press release, visit http://cnw.fm/lw0La

About LiveWire

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinary health and wellness industry. The company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal and high-quality cannabinoid-based products and services and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, visit the company’s website at www.LiveWireErgogenics.com.

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

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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CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Upcoming Launch of Cannabis Brand

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. and California cannabis marketplaces, today announced the upcoming launch of its cannabis brand. According to the update, the company expects to begin selling branded cannabis products this quarter, with management anticipating a 125%-150% jump in pricing for sales of branded versus white label cannabis. “Moving a substantial percentage of our grow capacity into branded product sales will have a significant positive impact on sales growth and ROI,” Cannabis Strategic Ventures CEO Simon Yu said in the news release.

To view the full press release, visit http://cnw.fm/Ow6EG

About Cannabis Strategic Ventures

Cannabis Strategic Ventures, Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The company is Los Angeles-based that 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.

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

CannabisNewsWire (CNW)
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Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Virginia Governor Signs Marijuana Decriminalization Bill

Marijuana’s journey from prohibition to partial acceptance by some states has been long and difficult. Currently, dozens of states have medical marijuana programs, and even fewer allow adult recreational use within their borders. Still, the number is slowly growing, as evidenced by the numerous drug reform campaigns prior to the Coronavirus pandemic.

Virginia joins the list after the Governor announced on Sunday that he had approved a bill to decriminalize marijuana possession. It was passed by legislators and transmitted to his desk in March, and it would make possessing up to one ounce of cannabis punishable by a $25 fine with no threat of jail time and no criminal record.

Previously, the state punished simple possession with a maximum $500 fine, up to 30 days in jail and a criminal record.

The Governor, who has consistently expressed support for decriminalization, approved the legislation with no public signing ceremony due to the ongoing Coronavirus pandemic. Writing on Twitter, he said that he had ‘signed bold new laws to reform criminal justice in Virginia, including measures to raise the felony larceny threshold, permanently eliminate driver’s license suspensions for unpaid court fines and fees, raise the age of juvenile transfer to adult court, and reform parole.’

“Every Virginian deserves access to a fair and equitable criminal justice system, these bills combat mass incarceration, increase support for returning citizens, and ensure that those who have paid their debt to society have a meaningful second chance,” he concluded.

Non-profit organization NORML has registered its approval for the decriminalization bill. “Virginians have long opposed the criminalization of personal marijuana possession, and Governor Northam’s signature turns that public opinion into public policy,” says NORML Development Director Jenn Michelle, who also serves as the executive director of the state affiliate, Virginia NORML.

According to Senator Adam Ebbin, who spearheaded the efforts to amend the state’s possession laws in conjunction with House Majority Leader Delegate Charniele Herring, this is a major step forward for criminal justice reform in Virginia. “The prohibition on marijuana has clearly failed and impacts nearly 30,000 Virginians per year. It’s well past time that we stop doing damage to people’s employment prospects, education opportunities, and parental rights.”

Additionally, Delegate Herring stated that it is an important step in mitigating racial disparities in the criminal justice system.

“While marijuana arrests across the nation have decreased, arrests in Virginia have increased. This Niko will not eliminate the racial disparities surrounding marijuana, but it will prevent low-level offenders from receiving jail time for simple possession while we move toward legalization in the coming years with a framework that addresses both public safety and equity in an emerging market,” Herring commented.

Experts agree that the entire cannabis industry, including SinglePoint Inc. (OTCQB: SING), are happy that some good news for marijuana reform advocates is still seeping through despite the disruptions caused by the COVID-19 outbreak.

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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Editor@CannabisNewsWire.com

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420 with CNW – Washington State Halts Marijuana Research in Order to Respond to Coronavirus Outbreak

The past month or two hasn’t been easy for a lot of countries. The Coronavirus pandemic has infected over 1.9 million people worldwide and claimed at least 118,000 lives, and experts say the virus may infect up to 70% of the world’s population. Even before the virus had left South Asia, most of the world was experiencing supply chain disruptions and the economic fallout has only gotten worse as the virus spreads.

Now, with healthcare systems almost collapsing and all but the most essential businesses closed down, the economy is taking quite a hit. The U.S. has become the epicenter of the outbreak, and the federal and state governments have had to provide funds to support healthcare facilities as well as aid to in-need citizens. While such measures are necessary to get through the pandemic, they have thrown most budgets into disarray.

In Washington, for instance, the governor has had to cut funding for a variety of programs so funds can be diverted to the Coronavirus response. This included a cannabis research provision that would have provided $100,000 funding for the University of Washington and Washington State University to “collaborate on cannabis policy, research. And outreach to create frameworks for future studies.”

The budget stated that the research was to explore “impairment due to marijuana use and the correlation between age of use, the dosage of use, and appearance of occurrence of cannabis-induced psychosis,” with a report to the legislature on the development of these frameworks due by December 1.

“These are difficult and challenging times, and we must make difficult and challenging choices. Under normal circumstances, I would not veto bills and budget items that are good policy and smart investments for the state. As everyone knows, these are not normal times,” Washington Governor Jay Inslee said.

“As we address the health crisis, we must also look ahead to ease as much fiscal pain as we can. It is all but certain that we will need to make adjustments to our next budget cycle and we must get started now.”

The governor used his inline veto to trim $235 million from the 2020 supplemental operating budget that the Legislature had approved last month, and the vetoes will trim another $210 million in the state’s next two-year budget. A total of 147 items were vetoed, reducing a total of $445 million in spending over the next three years.

This halt to funding research is likely to disappoint cannabis sector actors like Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) who would like the academic to play a bigger role in shaping cannabis policy in different jurisdictions.

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.

Cannabis Conference 2020 Reschedules Las Vegas Event to September 1-3

Cannabis Conference 2020, the cannabis industry’s leading cannabis cultivation and retail education event and trade show exposition, has announced the new dates and location of its annual spring conference in Las Vegas to September 1-3, 2020. This decision to reschedule Cannabis Conference was made to protect the health and safety of all event participants amidst the developments of the Coronavirus disease (COVID-19) global pandemic

The rescheduled conference and expo will take place at a *new* location, Rio All-Suites Hotel & Casino.

“The health and safety of not only our attendees, exhibitors, and employees of Cannabis Conference and our hotel partners, but our overall communities, is and will always be our top priority. While we continue to take extreme precautions toward preventing the spread of Coronavirus disease (COVID-19) as a nation, we have also made the decision to push our event to September, said Cannabis Conference Group Publisher Jim Gilbride. “During this turbulent and uncertain period, we are appreciative for the patience and understanding of our partners as we’ve worked together to coordinate Cannabis Conference 2020. As this global pandemic has undoubtedly reached every one of us—including the cannabis businesses being deemed essential in these unprecedented times—the importance of industry education, networking and support is ever more important. There will be lots to share and learn from one another come September.”

All paid registrations and exhibitor contracts will be honored for the September 1-3 dates. In addition, each attendee registration will be automatically upgraded to the next tier:

  • Conference + Expo passes will be upgraded to All-Access passes; and
  • Expo Only passes will be upgraded to Conference + Expo passes.

More information regarding Cannabis Conference 2020, including educational programming, exhibitors/sponsors, and registration tiers can be found at www.cannabisconference.com.

About Cannabis Conference

Now in its fourth year, Cannabis Conference 2020 will bring together dozens of the industry’s leading voices to address the biggest opportunities and challenges facing the legal cannabis market.

Cannabis Conference 2020 will expand on the successes of previous events’ cultivation and dispensary education and will include for the first time a track dedicated to the cultivation and sale of hemp and hemp-derived products. The conference features in-depth educational programming on cannabis cultivation and business operations, as well as the most informed industry perspectives on retail management and customer engagement.

The Cannabis Conference exhibition hall will feature cutting-edge technologies, solutions and services for professionals in cannabis cultivation and dispensary businesses.

For inquiries regarding registration refunds or exhibitor contracts, our Conference team can be reached at conferences@gie.net.

PRESS CONTACT

Cassie Neiden
GIE Media, Inc.
cneiden@gie.net
216-393-0356

CannabisNewsBreaks – SinglePoint, Inc. (SING) Adapts Critical Components of Strategic Business Model Amidst COVID-19

SinglePoint (OTCQB: SING) together with its solar subsidiary, Direct Solar of America, was featured in a sector snapshot by Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks. The snapshot looks at how some companies in the solar and cleantech sector are adapting and thriving during the COVID-19 pandemic, with corporate sales to industry events going virtual. “The Direct Solar America management team did a great job re-positioning the company quickly in these uncertain times. Across various industries, companies are being forced to transform and adapt critical components of their business model to accommodate social and physical distancing due to COVID-19, scrambling to implement solutions that allow them to continue to operate,” SinglePoint CEO Greg Lambrecht said in the news release. “We are fortunate that we had identified this as a strategic need at the acquisition and the foresight to begin working on implementing this type of solution. We are encouraged that we have been able to retain most of our top sales professionals and can now give them the tools to succeed in virtual sales. Ultimately we believe this is a significant improvement in the process and will continue to drive the company to new levels in the future.”

To view the full press release, visit http://cnw.fm/6HdNs

About SinglePoint, Inc.

Founded in 2011 SinglePoint, Inc (OTCQB: SING) invests in and acquires brands and companies that will benefit from injection of growth capital and the sales and marketing expertise of SinglePoint. The company portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multinational brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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

CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Letter of Intent with Quebec’s SQDC

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, today announced that it has signed a letter of intent with the Société québécoise du cannabis (“SQDC”) ahead of the upcoming launch of its lineup of teas made with only certified organic ingredients. “Entering the Quebec market is an important milestone for TGOD as we continue ramping up sales and production volumes,” Brian Athaide, CEO of TGOD, stated in the news release.  “Our teas leverage the same fast-acting technology used for TGOD Infusers, and a proprietary know-how, which eliminates the need to use sugar when infusing cannabinoids in whole leaf teas.  Our Science team successfully developed a lineup of great-tasting tea blends that are organically grown and sustainably sourced.”

To view the full press release, visit http://cnw.fm/Uu5nM

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US‐OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market.  Its certified‐organic cannabis is grown 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 are being built to LEED certification standards and its products are sold in recyclable packaging.  In Canada, TGOD plans to expand its product portfolio by launching a series of next‐generation cannabis products such as organic teas, infusers and vapes.  Through its European subsidiary, HemPoland, the Company 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 November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively. For more information on The Green Organic Dutchman Holdings Ltd., please 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

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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CanadianCannabisWire (CNW)
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Editor@CanadianCannabisWire.com

CannabisNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Reports Declaration of Monthly Dividend for Q2 Series D Cumulative Redeemable Perpetual Preferred Stock

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and a multi-vertical omni direct selling enterprise, today announced the declaration of its regular monthly dividend of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ: YGYIP) at a price of $0.203125 per share for the months of April, May and June 2020. The dividend will be paid in cash to holders of record as of April 30, May 31 and June 30 on May 15, June 15, and July 15, 2020.

To view the full press release, visit http://cnw.fm/B1kJ3

About Youngevity International, Inc.

Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The Company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, please visit www.YGYI.com.

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

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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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Marijuana Company of America, Inc.’s (MCOA) hempSMART(TM) Appoints New Chief Marketing Officer to Implement 2020 Global Sales and Marketing Strategy

Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation, today announced the appointment of Gloria Albarran Lynch as Chief Marketing Officer of hempSMART(TM) Corporate. Lynch brings a wealth of experience and knowledge into the CBD marketplace and is exceptionally qualified to develop and implement effective strategies that will increase the company’s revenue streams. “Our re-branding and segmented branding strategies will address the global market and give us a broader reach.  The unified LOOK of our product lines will allow our customers to quickly recognize us on the store shelf,” MCOA CEO Jesus Quintero stated in the news release. “It is our intention to make this a legacy Brand You Can Trust.  Our established Network Marketing Associates and our Wholesale Distributors are excited about the new product lines and anxious to help us grow!  The hempSMART(TM) Corporate brand name will separate product lines into three segments:  hempSMART – Pure(TM), hempSMART – Luxe(TM) and SMRT – by hempSMART(TM).  Each line targets a defined audience and will be positioned in its respective media categories.  HempSMART(TM) Corporate will oversee each brand to ensure that all brands maintain our core values throughout every facet of the business – our brand promise, recognized, understood and felt throughout every consumer touch point including media, on-site experience, customer service, and loyalty programs.”

To view the full press release, visit http://cnw.fm/A27gV

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit www.MarijuanaCompanyofAmerica.com.

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

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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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – The FBI is Reviewing its Internal Policy on CBD

In December 2018, Congress passed the Farm Bill, a bill that legalized industrial hemp, a non-psychoactive variety of cannabis, after decades of prohibition. While the plant is insanely versatile, its main draw is cannabidiol, or CBD. Produced by industrial hemp in high quantities, CBD is a potent natural medicine with a plethora of uses.

However, most of the evidence of its medical abilities is anecdotal. So although consumers swear by its abilities, the science doesn’t fully back them up yet. Given CBD’s ambiguous legal position and due to its connection to marijuana, several organizations have taken a tough stance against it. Still, the hemp extract has a thriving market, with experts saying the CBD industry may be worth $20 billion in 2024.

It seems things may have taken a positive turn for cannabidiol after the Federal Bureau of Investigation (FBI) stated during a Twitter Q&A that it is looking into changing its internal policy on CBD use by agents and employees. At the moment, the agency prohibits its workers from using marijuana, and applicants can be disqualified for consuming cannabis within the past three years.

During the Q&A session with the FBI’s Newark office, one individual wanted to know why the agency says ‘you cannot use marijuana within three years of applying, even with a medical card prescription,’ and the FBI stated that ‘the policy regarding CBD oil is currently under review.’

The agency’s former director James Comey had said back in 2014 that he wished to loosen the FBI’s marijuana employment policies as potential skilled workers were being passed over. “I have to hire a great work force to compete with those cyber criminals and some of those kids want to smoke weed on the way to the interview,” he explained.

“What I like about what’s going on in the U.S. is we call the states the laboratories of democracy, and allow the people to experiment, experiment is the wrong word, but to make choices, to try and figure out the best ways not to criminalize behavior that people want to engage in, but also not to reward behavior that might hurt especially young people,” he added, referring to marijuana legalization in different states.

The FBI isn’t the only agency grappling with CBD use among employees. The Department of Transportation took a more positive stance, stating in a notice that it would not be testing drivers for CBD. However, others haven’t been as kind. NASA, the Air Force, the Navy and the Department of Defense have made it clear that CBD is off limits.

Experts say sector players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) are unlikely to draw much from the response given during a Q&A session until an actual policy revision is made and published.

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