CannabisNewsBreaks – LiveWire Ergogenics Inc. (OTC: LVVV) Sees Optimistic Future as Cannabis Products Market Forecasted to Reach $80 Billion by 2030

LiveWire Ergogenics (OTC: LVVV) expects to perform well during 2020 as industry analysts project the market for cannabis products will increase to $80 billion over the next decade, according to a recent AP article (http://cnw.fm/r01nN). An article discussing the company reads, “With the projected upswing in mind, LiveWire Ergogenics expects to be in a prime position to leverage the expected growth with the imminent start of production at its Estrella Ranch Weedery. ‘The cannabis market is ever changing and complex,’ LiveWire CEO Bill Hodson stated in a news release (http://cnw.fm/5UPFh). ‘While a flood of investment has entered the market over the last two years based on overly optimistic projections, questionable market analysis and unproven business models, these expectations are now being hit by the reality of a still unconventional business, complicated by the typical growing pains of a rapidly emerging new industry.’ . . . With the industry now set to explode, companies must begin scrutinizing their operations for inefficiencies and evaluate what works and what doesn’t,’ he continued. ‘In other words, “doing it right,” a principle that LiveWire has been trying to follow strictly for the last two years, supporting the momentum of this new and promising industry.’”

To view the full article, visit http://cnw.fm/sbY1G

About LiveWire Ergogenics Inc.

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

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

About CannabisNewsWire

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

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CannabisNewsBreaks – Illinois Grabs $3.2 Million on Day One of Legal Recreational Marijuana Sales

A recent article on Fox News by Vandana Rambaran highlighted reaction to Illinois becoming the 11th state to allow marijuana sales and use for recreational purposes. According to the article, the state raked in $3.2 million on the first day of legal recreational marijuana sales under the new law where people, age 21 or older, are allowed to possess up to 30 grams of cannabis flower and up to 5 grams of cannabis concentrate. Public consumption is still not allowed under the new law. Nearly three dozen Illinois dispensaries have been issued licenses to sell recreational marijuana, with an additional 75 licenses to be granted by May. State officials estimate that cannabis sales could generate $250 million for Illinois by 2022. Illinois Lieutenant Governor Juliana Stratton represented just one of 77,128 purchases on day one in the state “to celebrate a big day in Illinois,” she said.

To view the full press release, visit http://cnw.fm/F4QqN

About Fox News

FOX News operates the FOX News Channel (“FNC”), FOX Business Network (“FBN”), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the soon to launch OTT platform, Fox Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for more than 16 years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, Fox News is the top-cited outlet. FNC is available in 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre. For more information, visit www.FoxNews.com.

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CannabisNewsBreaks – CannabisNewsWire Announces Re-Engagement as Official NewsWire for Upcoming Benzinga Cannabis Capital Conference in Miami

Multifaceted financial news and publishing company of the InvestorBrandNetwork, CannabisNewsWire (“CNW”), today announced that it has been re-engaged by Benzinga to serve as the official newswire for the upcoming Benzinga Cannabis Capital Conference that is set to take place Feb. 24-25, 2020, at the Fontainebleau Miami Beach resort in Miami Beach, Florida. A variety of well-known cannabis industry players are set to attend the two-day event, in addition to investors, industry experts and innovative cannabis companies. “Following successful past collaborations with Benzinga, CannabisNewsWire looks forward to once again increasing the visibility of the upcoming Cannabis Capital Conference,” CannabisNewsWire communications director Jonathan Keim stated in the news release. “Benzinga has proven its mastery as a conference host time and again, consistently attracting the elite of the cannabis world, including innovators, investors and entrepreneurs. We are proud to leverage our considerable array of corporate communications solutions to publicize the conference and showcase its participants.”

To view the full press release, visit http://cnw.fm/L0y3q

About Benzinga

Benzinga is a leading financial media company dedicated to making information easier to consume. Benzinga’s news desk is constantly breaking stories and moving billions of dollars of market capitalization through its real-time news tool, Benzinga Pro. Benzinga’s original content is syndicated to 70 partner websites including Yahoo! Finance MSN, CNNMoney, Fox Business and MarketWatch. To find out more or register to attend the Benzinga Cannabis Capital Conference, visit the event’s official website at https://benzingacannabisconference.com/miami.

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420 with CNW – 6 States That Could Vote on Marijuana Ballot Measures in 2020

A wave of marijuana legalization has been sweeping across the U.S., and its genesis can be traced to Colorado and Washington approving marijuana legalization initiatives way back in 2012. In each biennial election that followed, additional states followed through with their own marijuana legalization initiatives, and experts believe 2020 will be a landmark year for marijuana.

Marijuana advocates believe there are currently 26 states where voters might have to vote on marijuana initiatives, either for full-scale recreational legalization, legalization of medical cannabis or decriminalization. Let’s look at 6 states that might table marijuana legalization ballot initiatives in 2020.

In 2020, voters will vote on an initiative dubbed ‘Smart & Safe Arizona’ led by a group of Arizona medical cannabis companies. It will allow people 21 and older to possess, consume, cultivate and purchase cannabis from licensed retailers. Individuals with prior marijuana convictions could have their records expunged, and some tax revenue from legal sales will be used to invest in communities disproportionately affected by prohibition.

The fight for legalization in Florida started in 2016 when voters approved a constitutional amendment to legalize medical cannabis. An advocacy group called Make It Legal Florida is seeking to push it further. It is working to place a full-scale marijuana legalization measure for the 2020 ballot that would allow adults 21 and over to possess up to 2.5 ounces of cannabis. It is backed by cannabis companies like MedMen and Parallel.

The Idaho Cannabis Coalition is pushing a proposal that would allow approved patients and their caregivers to possess up to four ounces of marijuana, and it would establish a system of licensed and regulated growers, processors, testers and retail dispensaries. The organizers would have to collect 55,057 valid signatures from voters for the measure to qualify for the ballot.

Mississippi activists have already filed a measure for medical cannabis for 2020’s ballot, along with what they say is more than enough signatures for the measure to qualify. If approved, it will allow patients with any of 22 conditions including chronic pain and PTSD to possess up to 2.5 ounces of cannabis per 14-day period.

Missouri voters already approved a medical cannabis measure back in 2018, and activists are looking to expand upon it with broader marijuana legalization. Several proposed measures to end prohibition have been filed with the secretary of state. Still, they lack significant push, and they need groups with enough funding to get them off the ground.

Oklahoma voters approved a medical cannabis ballot last year during a midterm primary election. Activists are now looking to expand the measure with a broader marijuana legalization initiative this year. The effort is backed by the National New Approach PAC, and it will have to collect 178,000 signatures from registered voters to qualify for the ballot. The measure would allow people 21 and over to possess, cultivate and purchase cannabis from licensed retailers.

These six are just a tip of the U.S. states in which ballot measures aimed at reforming cannabis laws are planned. Experts believe that such grassroots changes give the marijuana industry, including entities like HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF), hope that federal reforms could soon happen once most of the country legalizes cannabis in some form.

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 – Top Italian Court Rules That Growing a Few Marijuana Plants at Home is Legal

Italians have joined the club of countries that allow their residents to grow and use a limited amount of marijuana at home as long as it’s for personal use. The country’s highest court in Rome made the landmark decision long before Christmas, on December 19, but local media only got wind of the news last Friday.

Legislation dating back to the 1990s barred the farming and sale of marijuana, but there has been great uncertainty about the laws due to contradictory court decisions. After being asked to clarify, the Court of Cassation declared that the crime of growing narcotics should exclude “small amounts grown domestically for the exclusive use of the growers.” In a one page statement, the court said that “at home, small scale cultivation activities are to be considered excluded from the application of the penal code.”

Matteo Mantero, a senator from the 5-Star Movement, the governing coalition party, presented an amendment to the 2020 budget calling for the legalization and regulation of domestic cannabis use. Sadly, it was ruled inadmissible by the Senate speaker form Silvio Berlusconi’s conservative Forza Italia party. He says that the Court has opened up the way for cannabis legalization and that it’s “up to us now.”

Leonardo Fiorentini, a representative of the drug policy advocacy group Forum Droghe, says that it’s a ” very important decision because it will shield from prison those who choose to cultivate marijuana for personal use.”

In 2013, a court in Torre Annunziata, a small town in southern Italy, sentenced a man to a year in prison and a $3,365.85 fine for growing two cannabis plants at home. After a series of appeals, different sections of the court system came to different conclusions on allowable scale of marijuana cultivation. In August, the court turned to its highest authority, the Sezioni Unite, which is like the Supreme Court of the country.

It concluded that the rudimentary techniques and small amounts produced in small scale growing makes it irrelevant to the illegal drug trade that the criminal law is intended to address.

There are 6.2 million cannabis users in Italy, most of them aged between 15 and 34, according to the newspaper Corrier della Sera. More men than women consume cannabis in the country. Although it is currently decriminalized for personal use, medical and industrial use is heavily restricted. The country is dotted with special “weed shops” that cater to people who smoke recreationally, as long as the plants maintain a THC level of below 0.6 percent.

Experts wonder what industry players like Cannabis Strategic Ventures Inc. (OTCQB: NUGS) and Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) think of such decisions abroad when the U.S. federal government has remained steeped in a prohibitionist stance on marijuana.

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CBDNewsBreaks – No Borders Inc. (NBDR) Leveraging Blockchain Expertise to Enhance CBD Product Reliability

No Borders (OTC: NBDR), an innovative technology-solutions provider, is leveraging its proficiency in distrubuted ledger technology to increase the dependability of CBD products. An article discussing the company reads, “The company announced its first publicly accessible blockchain product, CBD LabChain, in November as part of a platform-building venture that will grant consumers immutable, secure and open access to laboratory test results for CBD products (http://cnw.fm/I81cz). . . . The company’s subsidiary No Borders Labs uses cutting-edge technology to provide clients and other No Borders portfolio companies with world-class, internet-based tools, including data analytics, technological innovation and tech support. Through CBD LabChain, No Borders is looking to build a revenue stream based on a per-test fee, Platform As A Service (PAAS) model that provides a clear and highly in demand trust layer to the consumer while helping retailers in the lucrative CBD marketplace to showcase the efficacy of their products.”

To view the full article, visit http://cnw.fm/pfEW1

About No Borders Inc.

No Borders is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting-edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority across its portfolio of assets. The company’s portfolio of brands includes:

No Borders Naturals Inc., a purveyor of health and wellness products for active consumers and their pets.
No Borders Dental Resources Inc., a provider of equipment and supplies to medical and dental professionals across the United States through the trade name MediDent Supplies (MediDentsupplies.com).
No Borders Labs Inc., which provides leading-edge tech tools to NBDR internal companies while also offering consulting, architecture and software development services to external businesses looking to update their technology infrastructures for greater efficiency, security and transparency (NoBordersLabs.com).
CBDLabChain.com, which is a powerful tool to demonstrate in an unbiased and unchangeable way a clear sense of security to consumers of CBD products by recording Certificate of Authority (COA) on a blockchain-technology platform. With a goal to provide consumers with peace of mind, No Borders Labs designed CBD LabChain to record THC, CBD and other lab-test data variants with those results easily accessible via QR code linkage as well as a clear “Results Guaranteed with Blockchain” icon, which can be integrated directly into individual product labels.

No Borders is headquartered in Arizona with resources in the United States, South America, Asia and Europe. For more information, visit the company’s website at www.NBDR.co.

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

About CBDWire

CBDWire (CBDW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CBDNewsBreaks 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, CBDW 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. CBDW 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, CBDW brings its clients unparalleled visibility, recognition and brand awareness. CBDW is where news, content and information converge.

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CBDNewsBreaks – MCTC Holdings Inc. (MCTC) Files Fifth Patent Under Hemp You Can Feel Brand

MCTC Holdings (OTC: MCTC), doing business as Cannabis Global Inc., recently filed its fifth patent under its Hemp You Can Feel(TM) brand after lab results surpassed the company’s expectations for demonstrating cannabis particle infusion on a minuscule, undetectable basis. An article discussing the company reads, “‘We believe the uses for this advanced infusion technology are many, especially as a replacement for alcohol in various beverages,’ MCTC Holdings CEO Arman Tabatabaei stated in a news release (http://cnw.fm/zN1wC). . . . The Hemp You Can Feel innovation was introduced last month as a beverage-industry solution for delivering relaxation to consumers without the negative health effects associated with alcohol consumption. The brand’s technology is based on an all-natural manufacturing process that doesn’t depend on any chemical surfactants, stabilizers or additives.”

To view the full article, visit http://cnw.fm/XXH1o

About MCTC Holdings Inc.

MCTC Holdings, doing business as Cannabis Global Inc., is focused on delivering long-term shareholder growth and results. The company invests with confidence and determination to be at the forefront of the cannabis and CBD revolution. 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 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 – Marijuana Legalization in Illinois, Michigan Brings Patchwork of Legal and Cultural Snares

A recent article on Fox News by Frank Miles highlighted a patchwork of legal and cultural snares as the marijuana recreational market expands to Midwestern states. According to the article, the December 1 start of legal sales in Michigan and the January 1 start in Illinois brings to the Midwest a climate where some neighboring states allow limited marijuana use for medical purposes, but none have moved to permit recreational use. The Associated Press reported that officials have been renewing warnings against the dangers of “canna-tourism” and carrying marijuana products over state lines. In Michigan, where $4.7 million of recreational marijuana was sold in the first three weeks of December, regulators were unsure how much was bought by out-of-state customers. Many shop owners claimed brisk business, particularly from neighboring Ohio and Indiana and nearby Illinois. “There’s been people from all over,” said Bart Kupczyk, a co-owner and director of retail at Ann Arbor-based Greenstone Provisions, one of 23 Michigan retailers licensed for adult-use recreational sales. “Ann Arbor is close to Ohio. It’s a destination city in its own right as a fairly well-known college town.”

To view the full article, visit http://cnw.fm/tMn8U

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CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Set to Ring Nasdaq Closing Bell on January 7 in Celebration of Fit Week 2020

Youngevity International (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced that the company will ring in the new year at The Nasdaq Stock Market Closing Bell ceremony in Times Square on January 7, 2020. YGYI executive leadership, team members and celebrity brand ambassadors will gather alongside company distributors to ring the closing bell in celebration of Nasdaq’s ninth annual Fit Week. In addition, YGYI is offering the winners of its Better Health Challenge the chance to launch the year with the company and celebrate YGYI’s ringing of the closing bell (https://ygybetterhealth.com). In conjunction with ringing the Nasdaq Stock Market closing bell on January 7, YGYI will be featured on Nasdaq’s social media and a company video will be shown on the seven story Nasdaq digital tower (https://video.youngevity.com). “Although it may sound cliché, the beginning of a new year is an optimal time to begin your pathway to betterment, and we couldn’t be more pleased to be celebrating alongside Nasdaq in recognition of Fit Week,” Youngevity President and CFO Dave Briskie stated in the news release. “Our outlook at Youngevity is truly unique when it comes to taking a holistic approach to betterment rather than focusing on the latest product and exercise trends that many times fail to provide sustainable results.”

To view the full press release, visit http://cnw.fm/Hm6VG

About Youngevity International, Inc.

Youngevity International, Inc. (NASDAQ: YGYI, YGYIP), 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 investor information, please visit www.YGYI.com.

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420 with CNW – 5 Big Wins for the US Marijuana Industry in 2019

This year has seen several advancements for the marijuana cause, with a bevy of positive legislative changes passed. Let’s look at some of the highlights of the year.

President Trump reiterates support for respecting state marijuana laws. President Trump proved an ally to the marijuana industry when he passed the Farm Bill. He has stated more than once that he supports the right of localities to enact their own marijuana policies with little federal interference.

“It’s a very big subject and right now; we are allowing states to make that decision. A lot of states are making that decision, but we’re allowing states to make that decision,” he said in August.

The Cannabis Banking Bill was passed by the House. Due to cannabis’ murky reputation, banks shied away from working with cannabis operators, forcing them to operate on a cash-only basis, which was quite unsafe. It also kept them away from credit and loan services.

This September, the House approved a bill to let banks serve marijuana businesses without fear of repercussions from federal regulators.

A lot of states decriminalized cannabis possession. Quite a number of people are arrested every day for cannabis possession, accounting for half of America’s total drug arrests. Although Illinois was the only state to pass a new marijuana legislation law this year, several other states have removed the threat of imprisonment for people caught with small amounts of cannabis.

New Mexico Governor Michelle Lujan Grisham signed a cannabis decriminalization bill in April that treats possession of up to half an ounce with a $50 fine. In July, Hawaii Governor David allowed a marijuana decriminalization bill removing incarceration as a punishment for possession of three grams or less of cannabis for $130 fine.

Americans have shown support for legalization in droves. According to a poll by Gallup, two-thirds of Americans said they support the legalization of marijuana. A separate survey by Pew found that 67% of Americans wouldn’t mind seeing the end of cannabis prohibition.

Regulators have taken steps to implement a legal hemp market. For decades, hemp was a controlled substance, put in the same boat with its psychoactive cousin marijuana. However, the 2018 Farm Bill changed this, classifying cannabis with less than 0.3% THC levels as legal industrial hemp.

In October, the USDA published its interim final rule on hemp in a bid to regulate the industry and make it more hospitable to sellers and consumers.

All in all, this year has been instrumental in furthering the cannabis cause. We can only hope that there’s better to come. Experts believe that cannabis industry players like Hemptown USA and Marijuana Company of America Inc. (OTCQB: MCOA) are banking on the hope that as the new year beckons, things can only get better for the industry.

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