HempNewsBreaks – MCTC Holdings Inc. (MCTC) CEO Recaps Management Restructuring, Strategy Adjustment

MCTC Holdings (OTC: MCTC), a cannabinoid science-forward company developing unique hemp-infusion technologies, recently issued a letter to shareholders from CEO Arman Tabatabaei. An article discussing the company reads, “MCTC reorganized its management in May and redirected its budding strategy from hemp cultivation and post-harvest processing segment to the science of hemp extract and cannabinoid biodelivery, avoiding ‘many of the well-publicized issues currently being experienced in the hemp sectors’ while wholeheartedly embracing the underserved market pertaining to how cannabinoids are best utilized by the human body, Tabatabaei states in his letter (http://cnw.fm/6rbBI). . . . ‘In only a few months, through our internal development efforts and through the efforts of our CROs (contract research organizations), we have begun to make an impact within the cannabinoid sciences arena. . . . We think our cutting-edge research and development work in the laboratory is just getting started,’ Tabatabaei adds.”

To view the full article, visit http://cnw.fm/W3tTJ

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 HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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CannabisNewsBreaks – technical420 Highlights Three Cannabis Stocks it Believes are Well Positioned to Rebound from 2019 Vape Crisis

A recent articlel by Anthony Varrell of technical420 reviews the 2019 vaping health crisis that put tremendous pressure on the entire sector, as well as companies believed to be well positioned to rebound. These include 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), Aurora Cannabis (TSX: ACB) (NYSE: ACB) and Vext Science (CSE: VEXT) (OTCQX: VEXTF). “During the last few years, we have been closely following the vape market and have been identifying leaders in the high-growth vertical. During this time, we have seen public companies come in and consolidate the vape market and have been favorable on this trend,” Varrell writes. “Although we have been favorable on these acquisitions, the companies that focused on the vape opportunity were especially impacted by the vaping health crisis. We believe that the recent weakness is overdone and believe that these companies are well positioned to record strong growth in 2020 and beyond.”

To view the full article, visit http://cnw.fm/I2Bzj

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.

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CannabisNewsBreaks – Grapefruit Boulevard Investments, Inc. (IGNG) Enters Reseller LOI with Pacific Banking Corp.

Grapefruit Boulevard Investments (“GBI”), a licensed and fully compliant California based cannabis distribution and manufacturing company and a wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG) (collectively “Grapefruit”), today announced its entry into a non-binding reseller letter of intent (“LOI”) with Seattle, Washington based Pacific Banking Corp. (“PBC”). Under the agreement, Grapefruit will market PBC’s unique, innovative and compliant banking services to properly licensed and compliant cannabis and hemp companies in Southern California which meet certain PBC qualitative criteria and metrics. “Our relationship with Mr. Costello grew to the point that on or about September 11, 2019, we appointed him to be the first member of our Strategic Advisory Board. Now that we are comfortable using PBC’s banking service, we will team up with PBC to offer PBC’s banking solutions in Southern California to properly licensed, compliant hemp and cannabis companies which pass PBC’s client screening regimen,” Grapefruit CEO Bradley J. Yourist said in the news release. “We will only accept companies that demonstrate bulletproof compliance and ethical corporate governance. Over the next thirty days, Grapefruit and PBC will negotiate a definitive agreement. Once the definitive agreement is finalized and executed Grapefruit will work with PBC to commence marketing PBC’s specialized cannabis and hemp banking services in Southern California.”

To view the full press release, visit http://cnw.fm/5ep4E

About Grapefruit Boulevard Investments Inc.

Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis Company. To obtain further information on Grapefruit and its operations, please visit its website at www.Grapefruitblvd.com. To learn more about Grapefruit’s Sugar Stoned branded line of cannabis and CBD infused edibles, please visit www.SugarStoned.com.

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

About CannabisNewsWire

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

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CannabisNewsBreaks – Green Hygienics Holdings Inc. (GRYN) Secures Investment from TRITON FUNDS; Unveils New Corporate Website URL

Green Hygienics Holdings (OTCQB: GRYN), an innovative, premium-cannabis cultivation and branding enterprise, on Tuesday announced that it has obtained an investment from TRITON FUNDS, a La Jolla, California-based investment firm. TRITON will take on an advisory board role with GRYN and purchase a promissory note in the principal amount of up to $750,000, which is convertible into common shares at a conversion price of $2.50 each, and a warrant to purchase up to 250,000 shares at an exercise price of $3.00 each. In accordance with the terms of the transaction documents, both the note and the warrant are subject to vesting conditions. In addition, the company revealed its new corporate website URL (www.GreenHygienics.com). “We are excited to work with TRITON and its team of vested students, alumni, scientific advisors and industry advisors,” Green Hygienics Holdings CEO Ron Loudoun stated in the news release. “Additionally, TRITON has an extensive investor network, and we anticipate these assets will help bring more awareness to the Company while potentially opening some new relationships for business development.”

To view the full press release, visit http://cnw.fm/hDX53

About Green Hygienics Holdings Inc.

Green Hygienics Holdings is an innovative, full-scope, science-driven, premium-hemp branding enterprise focused on the cultivation and processing of industrial hemp for cannabidiol (“CBD”). The 2018 U.S. farm bill removed hemp from Schedule I controlled substances (defined as cannabis with less than 0.3% THC), making it an ordinary agricultural commodity. GRYN’s mission is to grow the company in a sustainable and profitable manner to be one of the largest industrial hemp-for-CBD producers in North America. The company will adhere to the highest standards of operations in consistently delivering safe and premium-quality products to consumers. GRYN intends to be a leader in FDA cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD marketplace. The company’s business model includes generating revenues from the sale of hemp and premium-grade CBD products, creating trusted global consumer brands, developing valuable IP and growing the company rapidly through strategic acquisitions. For more information, visit the company’s website at www.GreenHygienics.com.

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

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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420 with CNW – Why the Thai Military Regards Medical Marijuana as Top Priority

The Ministry of Public Health in Thailand launched the first full-time medical marijuana clinic in Bangkok earlier this month. The launch was led by the conservative, military-dominated government, whose main aim is to make Thailand the regional producer and distributor of medical marijuana.

Marijuana extracts are approved for treating a wide range of diseases and conditions such as Alzheimer’s, anxiety, cancer, epilepsy and Parkinson’s disease.

More clinics will be opened in greater Bangkok as promised by the government, and through a specialized smartphone app, patients would be able to book appointments.

Dr. Ganja, a mascot, is campaigning for the government to promote medical marijuana. Dr. Ganja is an approachable and level –headed scientist. Another supporter of legal marijuana is the Thailand Prime Minister who is also a former military general, Prayut Chan-o-cha.

Discussed below is where the push for developing the legal marijuana industry in Thailand started and whether it could be the gateway for further drug use liberalization in South East Asia.

When the Push Towards Medical Marijuana Started in Thailand

Marijuana was outlawed in Thailand in 1935, and before that ban, it had always been a part of traditional medicine and a cooking ingredient. It had also been used as a form of pain relief.

The legalization of medical marijuana in Thailand took place in December 2018, making Thailand the first country in South East Asia to legalize marijuana. It was legalized through an amendment of the 1979 Narcotic Act, thereby approving the use of marijuana for medicinal and research purposes.

The Ministry of Health in Thailand has a website containing information about marijuana cultivation, medical research, and the status of marijuana in Thailand, and the public can browse through the website to educate themselves.

The cultivation of medical marijuana can now be done by government agencies, institutions of higher education, agricultural producers, entrepreneurs, and medical professionals.

The first medical marijuana research institution was launched in 2019 by Rangit University in Bangkok. Harsh penalties are still being imposed on those found possessing and trafficking marijuana.

Why Thailand Decided to Promote Medical Marijuana

The military-dominated government recognized the vast business opportunity and tax revenue to ensue from the legalization of medical marijuana, and this could have been a strong motivator for legalizing the industry.

Besides, having watched how the marijuana market in North America has grown, increased revenues, and created thousands of jobs, the Thai government had to venture into the medical marijuana industry.

Prohibition Partners is a marijuana market research firm, and it estimated that by 2024, the Asian medical marijuana market could be worth $8.4 billion. The managing director of Prohibition Partners, Daragh Anglim, said that a well regulated medical marijuana market across Asia could help transform patients’ health, farmers, and the economy. The firm further estimated that Thailand’s legal marijuana market could be worth about $958 million by 2024.

Being one of the largest medical tourism destinations across the globe, Thailand officials would like to provide medical tour packages such as detox, massages and other wellness services using medical marijuana products, said the tourism minister, Pipat Ratchakitprakan.

Could it Be the Gateway to the Broader Legalization of Marijuana?

A recent poll shows that 80% of Thai citizens are in favor of full legalization of marijuana, reported the Bangkok Post. This indicates that Thailand could be on the path of legalizing adult-use marijuana, but the military is still opposed to adult-use recreational marijuana.

Nevertheless, the steps that they have taken to avail medical marijuana to the patients who need it the most may have won applause from industry players like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Neutra Corp. (OTC: NTRR) who would like patients from all parts of the world to have the option of using medical marijuana to manage their conditions.

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.

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420 with CNW – Marijuana Amnesty Boxes Installed at Chicago Airports

Marijuana amnesty boxes have been installed in two airports within the city of Chicago. The two airports are O’Hare International Airport and Midway Airport. The amnesty bins are for passengers to dispose of their adult-use marijuana before boarding a plane.

The airports had the marijuana amnesty boxes fitted at the end of December so that they would be there on January 1 this year when recreational marijuana sales become legal in Chicago. The boxes are located near the TSA checkpoints.

However, the TSA and the state police focus is not on individuals carrying marijuana because it is legal to possess marijuana while you are at the airport but illegal to fly with any substance. This is because marijuana is still federally illegal, and the federal government regulates all U.S. airspace.

Speaking to Fox News, a spokesperson for TSA said that although the TSA does not search the passengers for marijuana products such as edibles, under federal law, they are required to report any discovery of drugs or any other illegal substances. The local police are then left to determine further action after locating people carrying weed.

Chicago Tribune reported that the Department of Aviation in Chicago and the police were tasked with overseeing the marijuana amnesty boxes. The cops would empty the amnesty bins regularly, file a report on the contents of the box, and then dispose of all the materials that were dropped in the amnesty boxes by the passengers.

The trend of installing marijuana amnesty boxes at airports is gaining popularity because Chicago is not the first airport to have them fitted. Marijuana amnesty boxes were also previously provided in McCarran International Airport in Las Vegas and Colorado Springs Airport in Colorado for passengers to dispose of their marijuana before boarding flights.

In Las Vegas, the boxes are located at all the high traffic areas outside of the airport and within the airport car rental area. The Department of Aviation installed the amnesty bins after Clark County established a marijuana possession and advertising ban at the airport in September of 2019, reported The Las Vegas Sun.

Speaking to The Associated Press, McCarran spokeswoman, Christine Crews, said that the amnesty boxes were fitted outside the airport to help people comply with the ban issued by Clark County. She also said that the boxes would be monitored to prevent any tampering. She further said the content of the boxes would be disposed of multiple times a week by a hired contractor.

She added that any individual who does not comply with the rules and is found carrying weed at the airport would be dealt with by the Las Vegas Metro Police.

Placing the “marijuana amnesty bins” at airports is a good move that allows any passenger who still had weed on them to get rid of it safely before boarding a flight, and experts believe that weed companies like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) may be hoping that the airport authorities will go a step further and use the public address system to remind travelers to use the amnesty bins.

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.

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CBDNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces Agreement to Provide DehydraTECH(TM) Technology to Cannadips CBD

Lexaria Bioscience (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, this morning announced that it has reached a definitive agreement to provide its patented DehydraTECH(TM) technology to Cannadips CBD, the Original Smokeless CBD Dip Brand. According to the update, each tin of Cannadips contains 15 pouches, each with 10mg of hemp-derived CBD, and includes only natural sweeteners with no tobacco or nicotine. Already established as the leader in CBD oral delivery, Lexaria has been working behind the scenes with the Boldt Runners team to elevate the product experience. “In our quest to create the ultimate smokeless, oral cannabinoid experience for our customers, we found that the DehydraTECH technology solves many challenges and propels the product forward as we pioneer this product category,” The Boldt Runners Corporation Founder and Chief Executive Officer Case Mandel said  in the news release. “Through our strong distribution partnership with Kretek International, and our family of strategic retail partners including Sheetz, Kwiktrip, and Circle K we are stoked for the DehydraTECH technology to shine through our tins.”

To view the full press release, visit http://cnw.fm/JFU8k

About Lexaria Bioscience Corp.

Lexaria Bioscience is a global innovator in drug-delivery platforms. The company’s patented DehydraTECH drug-delivery technology changes the way active pharmaceutical ingredients enter the bloodstream, promoting healthier ingestion methods, lower overall dosing and higher effectiveness for lipophilic active molecules. DehydraTECH increases bioabsorption, reduces time of onset and masks unwanted tastes for orally administered bioactive molecules including cannabinoids, vitamins, nonsteroidal anti-inflammatory drugs (“NSAIDs”), nicotine and other molecules. Lexaria has licensed DehydraTECH to multiple companies in the cannabis industry for use in cannabinoid beverages, edibles and oral products, as well as to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a licensed, in-house research laboratory and holds a robust intellectual property portfolio with 16 patents granted and over 60 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

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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420 with CNW – Congressional Committee to Debate Two Marijuana Legalization Bills This Week

On Friday, a memo briefing to the effect that when the legislative session starts this week, a Congressional committee would be debating two legislations seeking to legalize marijuana at the federal level as well as other marijuana research legislations.

On Wednesday, the House Energy and Commerce subcommittee will hold a hearing on several reform proposals, with testimonies from the Drug Enforcement Administration (DEA), Food and Drug Administration (FDA), and National Institute on Drug Abuse (NIDA) witnesses.

This comes two months after the House Judiciary Committee approved the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, which was sponsored by Chairman Jerrold Nadler (D-NY). The MORE Act is one of the bills being taken up by the Energy and Commerce Subcommittee on Health on January 15.

The obtained memo starts by detailing the content of the marijuana policy in the U.S., such as the restrictions imposed by the Controlled Substances Act (CSA) on marijuana research, legalization of industrial hemp, petitions submitted in the past seeking for marijuana rescheduling, and public health issues.

Some of the witnesses for the scheduled hearing include Matthew Strait, who is the DEA Senior Policy Advisor, FDA Deputy Director for Regulatory Programs Douglas Throckmorton, and the Director of NIDA Nora Volkov.

Discussed below are some of the bills which will be debated next week.

Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act

The MORE Act aims to remove marijuana from the list of controlled substances Act. It is also seeking for expungement of the records of past marijuana convictions, as well as imposing a five percent tax on marijuana sales. Revenues from the sales would be reinvested in communities most affected by the war against drugs.

The MORE Act would also create a way for resentencing people jailed for marijuana felonies. It would also ensure that immigrants are not denied citizenship because of marijuana. The bill has provisions to ensure that weed users are not blocked from receiving public benefits and security clearance by federal agencies.

Marijuana Freedom and Opportunity Act

The legislation was sponsored by Rep. Hakeem Jeffries (D-NY). The bill’s provisions are to deschedule marijuana at the federal level, create a fund that supports minorities and marijuana businesses owned by women as well as providing grants to marijuana ex-convicts.

Medical Marijuana Research Act of 2019

It was sponsored by Rep. Matt Gaetz (R-FL). The bill seeks approval of more manufacturers of research-grade cannabis, protects institutions researching weed, and gives permission to the Department of Veteran Affairs in the U.S. to present patients with the option of treating their conditions using marijuana.

Medical Marijuana Research Act of 2019

A bipartisan group of House members led by Rep. Earl Blumenauer (D-OR) introduced the legislation. It has provisions simplifying the process of registration for researchers interested in studying marijuana. It also permits private manufacturers to supply researchers with research-grade marijuana.

Legitimate Use of Medicinal Marijuana Act

It was introduced by Rep. Morgan Griffith (R-VA). It aims at moving marijuana from Schedule I to Schedule II. It also aims at clarifying that transportation, use, possession, production, and distribution of medical marijuana cannot be prohibited by the federal government.

Veterans Medical Marijuana Safe Harbor Act

It was sponsored by Rep. Barbara Lee (D-CA). Its aim is to allow military veterans to use, possess, or transport medical pot under federal law. Veteran Affairs doctors would also be permitted to recommend medical marijuana to their patients.

It would be eye-opening to hear what industry actors like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) think of the odds that those bills will make it through both legislative chambers and become law.

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.

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420 with CNW – 5 Common Myths About Legal Marijuana in Illinois

Although nearly two weeks have passed since the sale of recreational marijuana was launched in Illinois,  some people are still confused about the workings of the state law. Discussed below are five myths about legal pot in Illinois.

  1. Legal means no limit

Adult-use marijuana in Illinois is permissible, but only people aged 21 or above are allowed to use and possess marijuana. People can possess a maximum of 30 grams of marijuana bud and can only buy it from a licensed dispensary within the state.

Registered medical marijuana patients in Illinois can grow a maximum of five plants at their home, and it should be hidden from the public.

  1. You can smoke weed anywhere

Some of the marijuana consumption restrictions include not using while driving, or on school grounds. Public consumption of marijuana is also prohibited, and this includes parks, sidewalks, and even in restaurants or bars where cigar and cigarette smoking is illegal. However, Illinois will issue permits to the establishments that want to set up smoking lounges. Besides, dispensaries interested in setting up smoking zones in their shops would also be permitted.

The local police is responsible for arresting marijuana offenders. Although they said that their focus would not be on the low-level offender, Naperville police warned marijuana users in a Facebook video that anyone found violating the new law would be liable to civil litigation.

People should also note that Illinois law does not operate beyond the borders of the state, thus if you are caught with weed at an airport, be sure that the federal authorities could take action against you.

  1. Illinois is tracking weed users

When customers are buying weed from dispensaries, they are asked to present their identification, such as driver’s license, which is scanned to verify its legitimacy. It provides proof of their age and residency because under Illinois law, out of state buyers cannot buy or possess much weed. However, state law prohibits the dispensaries from holding onto the customer’s data. But information (name) on medical marijuana patients is kept in a state database.

  1. Marijuana users cannot have guns

Marijuana consumption for gun owners is a topic that has gained traction on social media. The Illinois State Police issued a statement saying that marijuana usage is not a good enough reason to revoke Firearm’s Owners Identification or Concealed Carry Licenses. However, it would withdraw or deny the permit if the person is addicted or is a habitual consumer of narcotics, as well as those who violate the Cannabis Regulation and Tax Act.

Since the state has the name of all medical marijuana patients, it will be more difficult for medical marijuana patients to buy a gun in Illinois than it is for adult-use marijuana users because of its anonymity.

  1. Tax rates are capped

In Illinois, adult-use marijuana is subject to a state tax and a special marijuana tax, which depends on the level of THC. The tax rate ranges from 10% to 25%. The higher the level of THC, the higher the tax rate.

The price of weed could still go up because as of July 2020, local cities can impose a maximum tax rate of up to 3% on all marijuana sales.

The best way to avoid believing myths is by proactively seeking accurate information. Experts therefore recommend that you always read the information shared by cannabis companies like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) and No Borders Inc. (OTC: NBDR) or contact the state cannabis regulators if in doubt.

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.

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) Anticipates Significant Opportunities in China for CBD, Hemp-Infused Cosmetic Products

ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang provided an update regarding the company and its CBD Biotech subsidiary in a recent SmallCapVoice.com interview (http://cnw.fm/v1kML). An article discussing the company reads, “In the interview, Wang explains the enormous market opportunity in China for CBD/hemp-infused cosmetic products, such as lotion and anti-aging cream. . . . While the sale of hemp and CBD oil in cosmetics is permitted, China has not yet approved these products for use in food or medicine; however, given worldwide legalization trends, this is likely to change in the near future. CBD Biotech is an early player in China’s CBD sector, and Wang is optimistic about the company’s future in the promising market. ‘CBD-infused or hemp-infused cosmetic products [are] still very early stage in China,’ he said. ‘We are only one of few players in the market, and I think 2020 will give us a lot of opportunities.’”

To view the full article, visit http://cnw.fm/KDS7u

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.

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

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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