420 with CNW – Federal Government to Fund Research into Effects of COVID-19 on Marijuana Consumers

The last time the world faced anything as life-changing as the Coronavirus was a century ago. The pandemic has shown just how unprepared most countries were for a health crisis of this magnitude. The virus first appeared in Wuhan, China and has spread to all continents except Antarctica. Over 1.3 million individuals have been infected worldwide, with at least 73,000 lives lost.

The virus shares many symptoms with pneumonia, and it attacks the respiratory system. Although everyone is at risk of infection, individuals with weak immune systems are at a higher risk of succumbing. Countries like Italy with a large percentage of old folks have been especially affected by the virus. It is transmitted through droplets that an infected person expels when they cough, sneeze or even breathe.

Since the virus attacks the respiratory system, there have been questions on whether individuals who smoke or vape marijuana or tobacco are more at risk. To collect more information on this, the National Institute on Drug Abuse (NIDA) is asking researchers to submit grant applications to study how such people are affected by the virus.

In a notice published last month, the agency stated that the rapid spread of the pandemic made it imperative that researchers identify the potential medical complications for people who use substances that compromise their respiratory systems. Two grants were made available to researchers who would be able to provide more insight into the matter.

“As people across the U.S. and the rest of the world prepare for what could be a pandemic of the 2019 novel Coronavirus or COVID-19, the research community should be alert to the possibility that it could affect some populations with substance use disorders or HIV particularly hard. Because it attacks the lungs, COVID-19 could be an especially serious threat to those with histories of smoking tobacco or marijuana or vaping,” stated the notice.

“Additional social and environmental factors associated with drug use may worsen the transmission and treatment of COVID-19, especially among individuals who experience homelessness or incarceration, which is more common among those with a substance use disorder,” the notice further explains.

The agency has stated that the grant’s prime objective is to understand whether ‘smoking tobacco or marijuana, vaping, opioids and other drug use could be a risk factor in the onset or progression of the Coronavirus.’

The research is ultimately geared at understanding the ‘respiratory effects of SARS-CoV-2 infection among individuals with substance use disorders, in particular those with nicotine, marijuana, opioid, and methamphetamine use disorders.’

Analysts believe the cannabis industry, including Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), are likely to be eager to read the results of such research since they may potentially change how the industry is viewed by the public and regulators.

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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 – Massachusetts Sees More Applications for Medical Marijuana Cards During COVID-19 Pandemic

As the novel Coronavirus keeps the world in a perpetual state of fear and uncertainty, Massachusetts has registered an upsurge in the number of people seeking medical marijuana cards. This has been a consistent theme in most states that allow medical marijuana, with both medical and recreational marijuana stores experiencing increased demand.

COVID-19 first appeared in Wuhan, China in late 2019 and three months later has infected over 1.3 million individuals and claimed at least 73,000 lives. The U.S. has become the epicenter of the Coronavirus pandemic with over 360,000 infections and 10,764 deaths. Understandably, most of the country has gone into lockdown, with people encouraged to stay indoors, and all but the most essential businesses are to shut down for the time being.

In many states, this included marijuana businesses. States like Colorado have even taken extra steps like allowing curbside pickups and home deliveries to keep employees and patients safe. And most of these states registered increased demand for marijuana, which many use to help with a variety of conditions including anxiety, insomnia, and chronic pain.

According to the Cannabis Control Commission (CCC), there were 1,300 new medical marijuana patients registered in Massachusetts between March 23 and April 1, compared to the 500 just 10 days prior. While some states designated both recreational and medical marijuana as essential, Massachusetts doesn’t allow recreational marijuana sales during the pandemic.

Before patients can apply for a medical marijuana card online, they must get a recommendation from a state-certified physician. And in accordance with social distancing directives, the CCC recently revised some of its rules temporarily to allow medical practitioners to certify new patients using telehealth. To be eligible, you must have a qualifying medical condition such as HIV or Parkinson’s disease.

According to marijuana store owners, a lot of their recreational marijuana customers use cannabis to treat severe anxiety and PTSD, and they hoped Governor Charlie Baker would classify them as essential. However, these hopes were dashed when the governor stated that classifying recreational cannabis stores as essential would create problems for the state.

“If we make recreational marijuana available, we are going to have to deal with the fact that people are going to come here from all over the place, across the Northeast and create problems for us with respect to the fundamental issue we are trying to solve here, which is to stop the spread. And for that reason and that reason alone, I think this is just a non-starter with us,” he said during a press conference.

Experts see the situation in Massachusetts as an eye-opener for marijuana companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) to learn that not all customers who buy from recreational cannabis outlets are doing so for purely recreational reasons.

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CannabisNewsBreaks – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) Announces Receipt of Notices of Default from MXY Holdings LLC

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) today announced its receipt of a notice of default from MXY Holdings LLC (“Moxie”) related to a US$5,000,000 note for which it provided a guaranty as a condition to Moxie extending the loan to GGB Beauty LLC on July 8, 2019. According to the update, the note had a January 31, 2020, maturity date and the parties were unable to reach agreement as to an extension. In conjunction, the company also received notice that its obligations with respect to the previously announced US$4,000,000 termination fee owed to Moxie would also be accelerated and deemed immediately due and payable. Green Growth Brands is reviewing the notices and will continue working with Moxie to reach resolution on a restructuring solution as to both the note and the termination fee.

To view the full press release, visit http://cnw.fm/P68ex

About Green Growth Brands Inc.

Green Growth Brands creates remarkable experiences in cannabis. The company’s brands include CAMP, The+Source, and 8 Fold. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

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CannabisNewsBreaks – Youngevity International, Inc. (NASDAQ: YGYI) Receives Nasdaq Notification Regarding Delayed Form 10-K Filing, Khrysos Subsidiary Secures FDA Rights to Produce Hand Sanitizer

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, on Monday announced its receipt of a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that, as a result of the delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Youngevity is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). According to the update, the letter has no immediate effect on the listing or trading of Youngevity’s common stock on the Nasdaq Market, and Nasdaq has informed Youngevity that it must submit a plan of compliance within 60 calendar days of receipt of the letter addressing how it intends to regain compliance with Nasdaq’s listing rules. If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days from the Form 10-K original filing due date to regain compliance.

In addition, Youngevity today announced that its wholly owned subsidiary, Khrysos Industries, Inc., has begun producing hand sanitizer in various sizes including 2 oz., 4 oz., 8 oz., and 1 gallon packaging. The FDA granted the company a license to begin producing hand sanitizer in its Orlando, FL facility, which it bought late last year, and Khrysos expects to be well positioned to utilize its operation to produce hand sanitizer that is in high demand due to the impact of the coronavirus. “We began shipping hand sanitizer today and expect to ramp up production as necessary to meet the demand that is still in short supply,” YGYI President and CFO Dave Briskie said in the news release. “Our team at Khrysos is taking great pride in providing this product especially to the nurses and doctors that are out there on the front line fighting for those inflicted with this horrible virus.”

To view the full press releases, visit http://cnw.fm/h4lOw and http://cnw.fm/D5Pd8

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

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

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420 with CNW – North Dakota Campaigners Suspend Marijuana Legalization Drive Due to COVID-19

Three months after first appearing Wuhan, China, the Coronavirus has left the entire world in a panic. Most of us have never experienced something of such epic proportions, with more than one million people infected and over 60,000 lives lost. Presently, most governments have issued directives to help curb the spread of the virus.

People are directed to stay indoors and only leave when they absolutely have to, and all but the most essential businesses have shut down operations. Unsurprisingly, this hasn’t been easy on the economy, with more than 6 million people filing for unemployment last week, the largest number ever. The lockdown has also affected numerous campaigns to legalize marijuana in various capacities.

In North Dakota, with most people staying indoors to avoid contracting the virus, signature collecting activities have ground to a halt. Due to this situation, activists recently announced that they are suspending their campaign to add marijuana legalization to the November ballot.

A Facebook post by Legalize ND said, “We are going to have to face a few hard realities going forward. Due to the virus all of our major avenues for signature collection have been postponed, and going door to door is not safe for both those knocking and those whose doors are being knocked on.”

Unlike states like Idaho that allow some form of online signature collection, North Dakota doesn’t have a provision for signature collection through the mail or online. According to Legalize ND, they needed to collect 13,433 valid signatures from voters before July 6. However, with the current situation, the campaign will have to shift its focus to the 2022 primary election.

“Businesses will continue to collect, but we don’t want to create another vector for the Coronavirus. As a result, at this time if something major doesn’t change we will not be able to make the 2020 ballot,” said the post.

Legalize ND’s proposed initiative would have allowed individuals to purchase and possess up to two ounces of cannabis. It would impose a 10% excise tax and establish a regulatory body to approve licenses for marijuana businesses. However, unlike a previous version of the initiative that voters rejected, this version would prohibit home growing.

North Dakota isn’t the only state whose drug legalization initiatives have taken a backseat. New York Governor Andrew Cuomo recently said that legalization wouldn’t happen through the budget as he had hoped. In California, activists for campaigns to amend the legal cannabis program have asked for a digital signage option.

Analysts are certain that the news of yet another cancelled legalization campaign is likely to be a disappointment to sector players like Sugarmade Inc. (OTCQB: SGMD) who are yearning for some good news amidst the rampaging COVID-19 pandemic.

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420 with CNW – How Cannabis Retailers Can Protect Themselves and Their Clients Amidst COVID-19

To reduce the spread of the Coronavirus, most governments have implemented lockdowns of varying degrees. People are encouraged to stay indoors unless they absolutely have to, public gatherings have been banned and all but the most essential businesses have been shut down for the time being. Essential businesses include supermarkets and grocery stores, pharmacies, and daycare centers.

To the delight of the patients and over 200,000 employees who rely on the industry, the cannabis industry has been deemed essential by a number of states. Cannabis is quite effective against stress, anxiety, and depression, after all. On top of that, a large portion of medical marijuana patients are senior citizens with underlying health issues, and it would be unwise to deprive them of their medication during such trying times.

According to Sabrina Fendrick, Chief Public Affairs Officer at the Berkeley Patients Group cannabis store, adaptability is a core trait in cannabis. And adaptability will be key for any cannabis business hoping to weather this storm.

Preventing congestion in your store ought to be your first move. The virus is transmitted when an infected person coughs or sneezes, and recent research suggests that simply breathing could do the trick. States like Colorado have okayed curbside pickups, where the customer stays in their vehicle and the employee comes out to transact with them. If you can afford it and have the infrastructure in place, home deliveries are also a great alternative.

Online purchases will also limit long lines. For instance, Mission Illinois, a Chicago-based store has switched to hourly reservation windows, and customers get a text informing them when it’s time to pick up their cannabis. According to Mission Illinois’ operator Kris Krane, the reservation system serves just as many customers, but with far fewer people gathering outside.

Ensuring employee safety is crucial too since half measures will absolutely not work against the virus. If possible, encourage them to work at home, and scale down the number to the most essential. At your brick and mortar location, keep them six feet apart as much as possible, and make sure there is good ventilation.

As Debby Goldsberry, operator of the Magnolia dispensary in Oakland, CA says, “No staffer shaking hands, hugging or bumping fists right now. If you do, follow hand cleaning procedures.”

Good hygiene is the best way to prevent new infections. And since patients seem healthy for a short period while still transmitting the virus, employees who are at the store need to be especially meticulous. Wash your hands with soap and water thoroughly or disinfect them with hand sanitizer and avoid touching your face.

At Mission Illinois, staff wear latex gloves and they disinfect surfaces on the hour and each night. Face masks are encouraged too since we’re still learning about the virus and it’s better to err on the side of caution. As the CDC has said, anything is better than nothing.

Experts believe that marijuana industry actors, such as Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), are not taking any chances in this fight to keep employees and customers safe during this COVID-19 storm.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Implements Multipronged Growth Strategy

ChineseInvestors.com (OTCQB: CIIX) is continuing to pursue new areas for growth in a variety of industries. An article discussing the company reads, “ChineseInvestors.com continues to emphasize its two quality revenue channels for sales and profit growth: fintech products and services and CBD programs. Investors may note that in June 2019, the company anticipated the doubling of sales over the next 12 months (http://cnw.fm/Heb9W). Also, CIIX is planning an IPO of CBD Biotech early this year. The path ahead looks promising for CIIX along with its visionary management team, customers and investors.”

To view the full article, visit http://cnw.fm/t56fN

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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CannabisNewsBreaks – GP Solutions, Inc.’s (GWPD) GrowPods Can Help Farmers Quickly Provide Ultra-Fresh “Superfoods” to Nation in Need

GP Solutions (OTC: GWPD), developer of GrowPods – Controlled Environment Micro-Farms – can help farmers quickly expand and provide ultra-fresh “Superfoods” to a nation in need, while increasing their income in the process. Net farm incomes are expected to decline another $10 billion this year according to the USDA 2020 Farm Sector Income Forecast. With many row crop farmers barely breaking even, premiums offered for organic and luxury foods are growing even more appealing. GrowPods, transportable and scalable finely tuned automated micro-farms, allow farmers to rapidly and affordably add high-margin superfoods to their business – with cultivation taking place year-round. Additionally, GrowPods simplify organic and superfood cultivation, featuring a sealed and filtered environment that can eliminate pesticides, herbicides and other contaminants.

To view the full press release, visit http://cnw.fm/5hP5Y

About GP Solutions, Inc.

GP Solutions, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods.” GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.com.

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

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420 with CNW – Gov. Cuomo Says Marijuana Legalization Unlikely This Year

The road to marijuana legalization in New York has been long, and according to state Governor Andrew Cuomo, it likely won’t end this year. As the budget deadline rapidly approached with no concession on how to close a $15 billion budget gap, Cuomo stated that marijuana isn’t going to be part of the state’s budget this year. This is the second year in a row New York legislators have removed marijuana legalization from the state budget.

When asked about the chances of including marijuana legalization in the annual budget during his daily Coronavirus briefing, the governor stated that it is not likely, adding that there is ‘too much’ to do and ‘too little time’ to do it.

At the moment, the state of New York is the epicenter of the U.S. Coronavirus outbreak. The state has reported at least 80,000 confirmed Coronavirus cases and more than 1,900 deaths. More than 45,000 of those cases are in New York City, and the city has suffered 1,374 casualties.

The pandemic has thrown the entire world into lockdown mode. The virus which first appeared in Wuhan, China in late 2019 has infected over 800,000 individuals worldwide and claimed over 40,000 lives. To curb the spread, most governments have implemented lockdowns, advising people to stay home unless they have to get essentials like food and medicine and shutting down all but the most essential businesses. This, coupled with the immense strain the pandemic has put on healthcare systems has had adverse effects on the economy.

Quite recently, there have been talks of kick-starting New York’s economy after the virus runs its course by legalizing marijuana. States like Colorado and California have earned millions in tax revenue from marijuana sales. Legalizing marijuana would have provided tax revenue and much-needed jobs for the state, but Governor Cuomo’s pronouncement has put a damper on those hopes.

“We’re not going to get there. I don’t believe we’ll get there because in truth, that is something that had to be talked through and worked through, and the legislature wasn’t here,” said the Governor. “That is not a yes or no. That’s a, how does it work. How about the police? Who gives out the licenses? How do you do minority empowerment? How do we coordinate with Connecticut and New Jersey? And no one has really had the time to work those things through. So I don’t think we’ll get there on that.”

This news of yet another delay in giving New Yorkers the opportunity to benefit from marijuana legalization is likely to disappoint the entire cannabis industry, including entities like Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), who would like all people across the country to have the option of consuming marijuana legally.

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420 with CNW – COVID-19 Could Add Impetus to Campaigns for Marijuana Home Cultivation

Patients and industry players alike have applauded the decision by numerous states to classify marijuana as an essential commodity, allowing medical and recreational marijuana stores to remain open. As the Coronavirus pandemic ravages the U.S., several state governments have implemented statewide lockdowns to curb its spread.

People are to practice self-isolation and only head outside for essentials like food and medicine, and all but the most essential businesses have been ordered to close. They are also encouraged to wash their hands with soap and water or hand sanitizer regularly.

The open businesses include supermarkets, pharmacies, and daycare centers, and they have permission to operate during the lockdown as they provide essential goods and services. Fortunately for the many people who rely on marijuana to deal with a variety of health issues, numerous states have stated that marijuana is just as essential.

They have taken additional steps such as allowing curbside pickups and home deliveries to ensure both the sellers and patients stay safe as they transact. According to some, allowing people to grow their own marijuana at home might make the self-isolation and social distancing measures even more effective.

Bill Caruso, a lawyer and founding member of New Jersey United for Marijuana Reform says that support for home cultivation exists among patients and industry professionals. “I talk to a lot of folks in the industry. A lot of people think that the industry is fighting this. I have not heard one credible source in the cannabis industry that is opposed,” he stated during an NJ Insider webinar.

A large percentage of medical marijuana patients are old folk with underlying health issues, and this makes them more susceptible to contracting and succumbing to the Coronavirus. During the webinar, industry leaders and advocates argued that medical patients shouldn’t have to rely on outside sources to acquire plant medicine. Even with measures like curbside pickups and home deliveries, such patients are still at a higher risk of getting infected by the virus.

“If you have a child with Dravet Syndrome and you don’t have access to your medicine, that’s a big freaking deal. And that should make people angry, right? People should not have to worry about where they’re going to get medicines for themselves or for their child,” said Scott Rudder, President of the New Jersey CannaBusiness Association.

While any major legislative changes are unlikely in the short term, advocates believe the Coronavirus pandemic could eventually push lawmakers into reconsidering the ban on home cultivation.

It would be eye-opening to get a glimpse into what sector players like Round Meadow Holdings Corp. and SinglePoint Inc. (OTCQB: SING) recommend as the best ways to ease the fears of lawmakers regarding marijuana home grows.

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