Category: CannabisNewsWire Release

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business combination is no longer viewed as the best shareholder maximization strategy and is considering numerous other opportunities that it believes are superior. “The hydroponic transaction was proposed more than two years ago and since that time the industry has changed significantly. Simply Put – We have looked long and hard at the industry situation and we have determined there are numerous other potentially larger opportunities at this time for Sugarmade and its shareholders,” SGMD CEO Jimmy Chan said in the news release. “The previous transaction is not the best way for us to maximize shareholder value.  We are very pleased to be returning all of the issued shares to the treasury, which significantly lowers our outstanding shares, placing us in a prime spot as an industry consolidator of the many troubled assets in the sector. Thus, as a board of directors, we are taking the bold step to rescind the Past of the industry in favor of the Future of the industry and the more lucrative opportunities that are currently under consideration.”

To view the full press release, visit http://cnw.fm/GxY2j

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.

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

About CannabisNewsWire

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

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CannabisNewsWire (CNW)
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CannabisNewsWire is part of the InvestorBrandNetwork.

CBDNewsBreaks – MCTC Holdings, Inc. (MCTC) Announces Filing of 6th Patent for Hemp Extract Delivery on CBD Coffee Pods, Delivery System

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced the filing of a patent for single-serving coffee pods containing cannabinoids and for a unique dosing system. According to the update, the system is MCTC’s sixth patent in the field of cannabinoid delivery and allows manufacturers to simply and easily add cannabinoids or other active ingredients to coffee pods. “The patent filing broadly outlines a variety of methods and technologies to be used for adding cannabinoids to single-serving coffee pods,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “Our testing has shown our methods are highly effective while still being extremely easy for manufacturers to implement. With our system, any manufacturer of coffee pods can now produce CBD or other coffee pods with simple modification to their processes. The patent filing represents growth of our intellectual property by expanding our core infusion technologies to now include broader systems for cannabinoid delivery.”

To view the full press release, visit http://cnw.fm/KHxz5

About MCTC Holdings, Inc.

MCTC Holdings, Inc. (d/b/a: Cannabis Global) is a Delaware registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The Company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The Company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector and its intent to change its corporate identity to Cannabis Global, Inc. The Company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. More information on the company can be viewed at www.CannabisGlobalinc.com.

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

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 – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Provides Update on Portfolio Companies

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, this morning provided an update regarding recent announcements from its portfolio companies High Beauty, Inc., TerrAscend Corp. (CSE: TER), YSS Corp. (TSX.V: YSS) and James E. Wagner Cultivation Corp. (TSX.V: JWC) (OTCQX: JWCA). Per the update, High Beauty will remember 2019 as the year it expanded its retail presence across the U.S., Canada, and Europe. YSS Corp. and James E. Wagner Cultivation Corp. are currently assessing opportunities to increase their retail footprint in Canada, while TerrAscend is taking steps to build out its U.S. operations in 2020.

To view the full press release, visit http://cnw.fm/AkjI4

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at 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.

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420 with CNW – Cuomo Vows to Legalize Recreational Weed in New York in 2020

Most of the states in America where marijuana is not legal are looking to change that by legalizing either medical or recreational marijuana in 2020. Although the legalization of marijuana at the federal level was not successful in 2019, this year, it might be possible. Last year, New York did not succeed in legalizing marijuana; but this year, the New York Governor Andrew Cuomo promised to legalize marijuana.

In his annual State of the State address on Wednesday, Gov. Cuomo said that the criminal justice reform is long overdue because, for decades, people of color have been disproportionately terrorized by the war against drugs. He also noted that it is high time New York legalizes recreational marijuana.

Cuomo feels that legalizing marijuana could bring in more than $300 million a year in tax revenues and billions of dollars more in economic activity if the marijuana program is implemented correctly.

Cuomo further said that he would work on marijuana plans in collaboration with other states such as Pennsylvania, New Jersey, and Connecticut. He also noted that the university system in New York state should be allowed to conduct additional studies on cannabis and its effects.

As per the current cannabis law in New York, marijuana products meant for recreational use should not contain more than 0.3% of THC. The state has also decriminalized simple marijuana possession. New York legalized cannabis for medical use in 2014, and for patients to get access to medical marijuana, they are required to submit a certificate from a registered medical marijuana physician. Medicinal marijuana products are available in the form of capsules, liquids and CBD oil.

The state expanded its medical marijuana program by allowing more marijuana products such as chewable and effervescent tablets and lozenges, as well as ointments, topical creams, and transdermal patches.

There is a huge demand for marijuana in the U.S., and when consumers do not want to smoke, they can try using edibles. Edibles include gummies, chocolate, brownies, and beverages. There are 40 dispensaries which are open and serving medical marijuana patients in the state. The cultivation of marijuana at home by marijuana patients is prohibited.

Being an important state in the U.S., New York would provide a vast recreational marijuana consumer base for companies producing marijuana products.

This year more U.S. states, such as Utah and Virginia, will attempt to legalize marijuana and New York doesn’t want to be left behind. It would be eye-opening to hear what weed-related companies like Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF) and Dama Financial may recommend as ways to overcome the obstacles that prevented the previous legalization bill from getting sufficient support last year.

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 – New Hampshire Lawmakers Change Tactics to Legalize Weed in 2020

The New Hampshire legislature has new strategies that will help them overcome the challenges they experienced in 2019 as they reintroduce the issue of marijuana legalization during the 2020 legislative session.

A legislation seeking to allow individuals who are aged 21 and above to possess and give marijuana gifts containing a maximum of ¾ ounces of cannabis, as well as grow a maximum of six marijuana plants, was filed last week. The bill intentionally omitted the provision of commercial sales to increase the chances of its approval.

The New Hampshire proposal would be the same as that of their neighboring state Vermont. Vermont was the first state to legalize recreational marijuana through the legislature in 2018. Although there are no retail marijuana outlets in Vermont, adults older than 21 are permitted to cultivate their weed and possess marijuana for recreational purposes.

The new legislation has eight sponsors; three of them are Republicans. The bill has been referred to the House Criminal Justice and Public Safety Committee, and its hearing is set for January 23.

Speaking to an industry publication in a phone interview on Monday, Rep. Renny Cushing said that the bill is bipartisan and that they are hoping that it will be approved in the House and Senate since the legislation would help in ending the criminalization of people found cultivating or possessing marijuana in New Hampshire. Cushing further said that legalization would be a step towards the commercialization of the crop.

According to the legislation text, the residents of New Hampshire are in favor of marijuana legalization. It also states that other states have legalized marijuana and allowed adults to grow weed to provide themselves with a supply of cannabis, which is a better alternative to buying marijuana from the black market.

It also highlights the penalties for violating the initiative. For instance, individuals possessing more than the permitted amount of marijuana would be subject to a misdemeanor charge.

Marijuana advocates are hoping that the legislators who initially opposed the legislation would support the new bill since it does not have a provision for commercialization; thus, no tax rates on retail marijuana.

The New England political director at the Marijuana Policy Project, Matt Simon, said that they wanted legislation that resonated with the residents of New Hampshire. The measure’s end goal is to end prohibition. The legislation’s goal is also to protect the adults in New Hampshire from being punished for a behavior that is legal in all their bordering states.

In 2017, New Hampshire Gov. Chris Sununu signed a decriminalization bill into law, but he said that he would oppose any proposal commercializing marijuana. The legislators are hoping that the governor will be more agreeable to this new draft legislation.

Cushing said that the legislators are not sure how the Governor will react, but they are hoping that he would sign it into law if the bill lands on his desk. However, there is a possibility of him vetoing the bill since he opposed the medical marijuana home grow legislation in 2019.

Analysts think the chances of this bill becoming law are still too close to call and they think industry actors like ChineseInvestors.com Inc. (OTCQB: CIIX) will be hoping that the people of New Hampshire get the choice to enjoy recreational weed like people in many other states.

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 – technical420 Highlights Five Emerging Must-Watch Cannabis Markets

A recent editorial by Anthony Varrell of technical420 reviews five emerging cannabis markets suggested as “need-to-watch” for investors in 2020.  These include Colombia, Uruguay, Australia, Israel and China.  The publication also highlights companies that are laser-focused and positioning for opportunity within these markets, including Chemesis International Inc. (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) and its wholly owned subsidiary La Finca, Aurora Cannabis (TSX: ACB) (NYSE: ACB) and its ICC Labs, Aleafia Health (TSX: ALEF) (OTCQX: ALEAF) and  CannaPacific, Tilray, Inc. (NASDAQ: TLRY) and Canndoc Ltd., a wholly owned subsidiary of InterCure Ltd. (OTC: IRCLF) (TASE: INCR), as well as Canrim Growth Group, CGA and NSG. “From Australia to South America, from Europe to Africa, countries all over the world are enacting pro-cannabis legislation and this is a trend that is expected to become more significant in 2020,” Varrell writes. “Today, we want to highlight 5 emerging international markets as well as companies that are focused on these burgeoning opportunities.”

To view the full article, visit http://cnw.fm/uxGg6

About technical420

Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. It highlights companies that have the most growth potential by utilizing its proprietary analytics platform. For more information, visit www.technical420.com.

About CannabisNewsWire

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

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) Launches Project Varin to Develop New Delivery Systems for THC-V

MCTC Holdings (OTC: MCTC), a cannabinoid science forward company developing unique infusion technologies and cannabinoid delivery systems, today announced Project Varin, a program to develop new delivery systems for Tetrahydrocannabivarin (“THC-V”). According to the update, THC-V is becoming known within the cannabinoid sciences arena as the “Skinny Cannabinoid” due to its purported appetite suppression qualities and potential use as a treatment against obesity-associated glucose intolerance. “THC-V is so rare and difficult to obtain, it is currently valued at around $500,000 per kilogram, which is approximately ten times the price of gold. In order for the marketplace to utilize this potentially beneficial exotic cannabinoid, new delivery systems will need to be developed to allow the amount of THC-V administered to be efficiently utilized by the human body,” MCTC Holdings CEO Arman Tabatabaei said in the news release. “This issue of bioavailability has been a significant ongoing concern for the industry relative to many cannabinoids, but with the rarity of THC-V, the need for efficient delivery is hugely amplified. It is our goal to solve this pressing industry issue. Based on our already completed laboratory accomplishments and our patent-pending technologies, we believe this goal is within our reach.”

To view the full press release, visit http://cnw.fm/T4Uso

About MCTC Holdings Inc.

MCTC Holdings (dba Cannabis Global) is a Delaware-registered, fully reporting and audited, publiclytraded company. With the hemp and cannabis industries moving quickly and with a growing number of market entrants, MCTC plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. MCTC was reorganized in June 2019 and announced its intent to enter the fast-growing cannabis sector and change its corporate identity to Cannabis Global Inc. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

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 instant SMS alerts, 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 – Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) Boosts Consumer Access to Quality Medical Cannabis Products via Supply Agreement

Organigram Holdings (TSX: OGI) (NASDAQ: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that it has entered a supply agreement with Medical Cannabis by Shoppers, the online medical cannabis platform by Shoppers Drug Mart Inc. The agreement, which is comprised of a three-year term subject to renewal for an additional two years, highlights Organigram’s commitment to provide Canadian consumers access to quality medical cannabis products. Per the terms of the agreement, Organigram will provide Shoppers with a broad array of products such as dried flower, oils and other products as they become available in the future. “We are extremely proud to partner with Shoppers and believe that our complementary approach to the medical cannabis market will offer the full strength of our combined national networks to Canadian patients,” Organigram Holdings Senior Vice President of Sales and Commercial Operations Tim Emberg stated in the news release. “We are pleased that we will now be able to offer medical cannabis patients across the country even greater access to our growing portfolio of high-quality products.”

To view the full press release, visit http://cnw.fm/IbmT3

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the Company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the Company is regulated by the Cannabis Act and the Cannabis Regulations (Canada).  For more information, visit the company’s website at www.Organigram.ca.

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 – Why Weed Makes You Hungry

People tend to eat more after using marijuana because several separate mechanisms come together to invoke marijuana-induced appetite.

One of the mechanisms appeals to our taste buds as it makes everything yummy, while another mechanism makes us crave candy and junk food, and when the two mechanisms are bound together, they make us hungry even when full.

Talking about how marijuana induces hunger is a bit complex; therefore, to make sure that everyone understands, let us break it down into several sections that are easy to understand.

The Olfactory Bulb

This is a part of the brain that is involved in olfaction, which is a process that establishes our sense of smell.

A study conducted on animals in 2014 revealed that after consuming weed, the THC molecules bind themselves to the cellular receptors of the olfactory bulb, which enhances an individual’s sense of smell. This in turn intensifies fragrances and aromas.

Your sense of smell is closely linked with your sense of taste, providing you with a pleasurable eating experience, since food is made much yummier. Consequently, you are more likely to get the munchies once you consume weed and this part of your brain is activated.

Dopamine and Lowered Inhibitions

THC increases the levels of dopamine and lowers our inhibitions, causing some of the unhealthy food choices amongst weed consumers. This forces you to eat food you would not be otherwise caught eating, and regret hits later after the high has worn off.

The Ghrelin Hormone

In 2018, Washington State University researchers conducted a study in which they exposed rats to marijuana vapor and then observed their eating habits. The study findings showed that THC triggered a surge of the ghrelin hormone, which is responsible for signaling the brain that an organism is hungry; thus, influencing it to look for food despite it being full. This study shows what humans experience when they are high on weed and develop the urge to eat.

POMC Neurons

In 2015, researchers conducted a study on marijuana and hunger, where they found that under the influence of marijuana, POMC neuron cells in the hypothalamus alter their function.

The hypothalamus is a brain segment that links the nervous system with the endocrine system. It is responsible for hunger, thirst, circadian rhythm, sleep, and body temperature. The researchers found that under the influence of marijuana, the POMC neurons, which are responsible for sensing when one is full, shift their functions and instead detects starvation. This sends you looking for what to eat.

When one is full, POMC neurons secrete the alpha-MSH compound, which is responsible for satiety sensation, but under the influence of weed, the neurons secrete a beta-endorphin compound, which is responsible for stimulating appetite irrespective of one being full.

Tetrahydrocannabivarin (THCV)

There are marijuana strains that contain high levels of THCV, which diminishes appetite. Therefore, consumers should strive to acquire products that are rich in THCV to counter the effects of THC-induced hunger-pangs.

Therapeutic Significance

For the majority of recreational weed consumers, marijuana-induced hunger is a nuisance, but for people undergoing chemotherapy, marijuana-induced hunger is much welcome because their treatment reduces their desire and ability to eat. The muchies aren’t therefore n entirely bad thing, depending on your needs.

This could perhaps be the reason why weed companies, such as ChineseInvestors.com Inc. (OTCQB: CIIX) and Willow Biosciences Inc. (TSX: WLLW) (OTCQB: CANSF), always recommend that people talk to their doctor before consuming any cannabis product.

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 – Study Provides Insights into People Traveling Across State Lines to Buy Weed

American Marijuana, the company that caused a stir when it advertised a job for someone to paid to smoke weed, conducted a survey exploring people’s travel experiences in search of adult-use cannabis. They asked more than 1,000 people who had traveled to other states to buy legal recreational marijuana about their destination and what they purchased.

There was a lot of interesting feedback on the survey. The survey revealed that 36.5% of the people traveled by plane, while 57.3% traveled via automobile to buy legal marijuana in other states. It is surprising to see that quite a significant number of people went via air despite the heightened security at airports and federal law restricting the movement of weed across state lines.

Most of the states visited by the consumers did not come as a shock because they are some of the states where consumers enjoy low marijuana prices. These states include Colorado, California, Massachusetts, Washington, and Nevada. Oregon did not make it into the top list despite having low prices on marijuana products. Massachusetts is the only state in the east to make it into the list; thus, the level of traffic is most probably going to increase from other states in the coming months and years.

Fifty-two percent of the respondents said that they traveled to Colorado to buy legal weed, while thirty-three percent traveled to California. Since recreational marijuana has been legal in Colorado longer than other states, the state has a competitive edge over other states because its recreational marijuana market has matured, thus low prices overall.

Another surprising finding is that about thirty percent of the respondents who went to other states to buy legal have access to legal adult-use weed within their states. This shows that there are things that are yet to be fulfilled in many of the existing recreational states.

When people were asked what products they buy most, edibles were on top of the list. And some consumers prefer to purchase and evade the long process of making your edibles.

Flower was the second, followed by pre-rolled joints and CBD oils on the list of products bought by the respondents.

While analyzing the survey, it was noticed that a lot of the consumers spent a significant amount of money buying legal weed in other states. If the consumers had legal marijuana shops nearby, time would have been saved and allocated to more appropriate tasks.

Industry analysts believe that the findings of this survey will give marijuana-related companies, such as HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) and MCTC Holdings Inc. (OTC: MCTC), plenty to think about regarding how best to serve their target customers.

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