Category: CannabisNewsWire Release

420 with CNW – Innovators Create App-Controlled Device for Storing Weed

Homeowners have been locking up their guns and money for safekeeping for centuries. However, they no longer have to keep their stash of weed in the same way as a result of technological advancements which have seen a new and safer method introduced for keeping recreational marijuana safe.

Several centuries back, people used to store cannabis in makeup bags, pencils cases, or under their mattresses. The potency and cost of contemporary marijuana are rendering weed vulnerable to theft either by innocent children, corrupt house managers, and uncanny roommates.

Philip Wilkins said that people no longer believe in stashing their weed in Ziploc bags, closet, or under the floorboards.

Wilkins and his two partners ( Ben Gliksman and Sep Seyai) founded a Toronto-based company known as KEEP. This year the company developed its first electronic storage and security device. The electronic device is called KEEP, and it is fitted with a biometric lock that connects through an app on the owners android smartphone.

The device owner can apply their phone security features such as fingerprint, voice, or facial recognition to unlock the storage device.

KEEP has features meant to maintain the quality of the weed, such as hermetic seal, humidity, and temperature thermometers to keep the marijuana fresh and odorless. The inside of the device is also fitted with LED lighting and trays to make sure that the owners do not have to feel around in the dark looking for edibles, vape pens, or pot. You can store a maximum of 28 grams of dried flower or 4.4 pounds of marijuana. The owners can use a scale to track their usage.

KEEP will be unveiled on the market in March 2020, both in the U.S. and Canada. It will be sold at dispensaries selling legal marijuana and via the KEEP.com website. It will also be sold through licensed producers such as Canada growers. The retail price for KEEP in the U.S. will be about $226 while in Canada it would be $300.

In an interview explaining the motivation behind the company, Wilkins said that he and his partners wanted to leverage the discoveries taking place in consumer electronics and apply it to marijuana because it signifies the growth of the marijuana market.

In November, KEEP was selected as an honoree by the CES Innovation Awards.

KEEP is not the only weed storage solution; others include a black walnut wood box from Marley Natural Shop, which goes for $192, Humidor Combo Box ($99), or LOCK-R Box ($250) from Ryot.

KEEP’S modern design blends into any home. The device has a back-lit LED display that shows the time and outside temperature.

The cofounders of Amazon’s The Marijuana Show, Wendy  Robbins and Karen Paull, wrote an email saying that they liked the device as it keeps your marijuana climate-controlled.

Robbins said that she would buy KEEP since it would keep her stash safe from kids and housekeepers. She also noted that it is a clean and decent way of storing marijuana.

KEEP has also attracted a large number of investors, although Wilkins will not reveal them until the month ends. Marijuana industry players like VPR Brands LP (OTCQB: VPRB) and Sugarmade Inc. (OTCQB: SGMD) could be very pleased that the marijuana industry is giving opportunities to the tech industry to innovate and provide complementary products to consumers.

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 – First 8 Days of Recreational Weed Sales Generate More Than $1.6 Million in Michigan

It looks like the newly legalized weed industry in Michigan is set to hit major milestones pretty quickly. The first eight days of legal adult-use marijuana sales at the five retail outlets that were open in Michigan amounted to $1.6 million. Three of the five shops either run out of stock or had an inadequate supply of marijuana products.

From the first to the eighth-day of sales, the total was $1,629,007. The 10% excise tax imposed on then recreational products amounted to $162,900, and the 6% state sales fee raised $107,514.

Once the recreational marijuana industry is stabilized by 2020, the state House Fiscal Agency estimates that the annual sales for adult-use cannabis will be $949 million, out of which the 10% excise tax charges on the sold products would be $94.9 million and 6% sales tax of $57 million.

The ballot proposal which was approved by the voters in 2018 stated that the first $20 million dollars from excise tax raised from the sale of recreational marijuana within the first two years after the launch of retail sales would be used to advance studies on the benefits of cannabis and how it is used to treat different medical conditions, such as PTSD.

The remaining excise fees would be divided between municipalities and counties allowing marijuana businesses within their jurisdictions to fund school and road infrastructure programs. The House Fiscal Agency projected that by 2020, the excise fee total would be $97.5 million and that by 2023, it would rise to $163 million. This amount is just a tiny fraction of the state budget of $60 billion.

For comparison purposes, Colorado recorded about $1 million in sales on the first day of recreational marijuana retail sales. However, these sales were made at 24 open retail outlets. Michigan had more than 2,200 customers on the first day in the five stores.

There were three stores open on the recreational marijuana sales launch day, which include, Greenstone Provisions, Arbor Wellness, and exclusive Brands. While Michigan Supply and Provision in Morenci opened on the evening of the first day.

Greenstone ran out of marijuana stocks for several days consecutively, while Michigan Supply had low supply. In the first two days of  retail sales, Lit Provisioning, the fifth store, run out of stock after servicing 750 customers, after each spent an average of $103.

The president and Chief Operating Officer of Lume Cannabis Company, Doug Hellyar, who is also the owner of Lit Provisioning, said that they were humbled that customers chose to buy products from their shop during the first week of recreational marijuana sales. He also noted that people traveled across the state, despite the chilly weather and stood in line for several hours to purchase cannabis.

The sales launch comes a year after voters legalized adult-use weed through a ballot. Michigan is the 10th state to allow the sale of adult-use marijuana.

The state of Michigan has issued 21 licenses to recreational marijuana businesses since it started accepting applications on November 1. It has also pre-qualified 73 applications. Out of the  1,771communities, 1,400 have vetoed the sale of legal weed in their towns, which has posed a challenge for weed businesses.

It is however hoped that those communities opposed to weed will come around as time goes by. Experts think this optimistic outlook may be exactly what industry players like LiveWire Ergogenics Inc. (OTC: LVVV) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) are counting on for the success of their counterparts operating in Michigan.

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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CannabisNewsBreaks – Tilray, Inc. (NASDAQ: TLRY) Receives Second GMP Certification for Cantanhede, Portugal Facility Allowing International Export of Finished Medical Cannabis Products

Tilray (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, on Wednesday announced its wholly-owned subsidiary Tilray Portugal, Unipessoal Lda. (“Tilray Portugal”) has received its Good Manufacturing Practice (“GMP”) certification in accordance with European Union standards, for its manufacturing facility in Cantanhede, Portugal. According to the update, Infarmed, the Portuguese National Authority of Medicines and Health Products, issued the GMP certification. This is Tilray Portugal’s second GMP certification, which allows the facility to manufacture and export GMP-certified finished medical cannabis products, including dried flower and oils, from Portugal to international markets with legal medical cannabis regulations. “We are pleased with the continued momentum of our growth strategy across Europe with this additional GMP certification for Tilray’s EU campus in Portugal,” Tilray CEO Brendan Kennedy said in the news release. “This will enable us to export a greater range of medical products to international patients, partners and markets. Our international strategy is an important component in driving profitability and long-term shareholder value.”

To view the full press release, visit http://cnw.fm/Fk7pC

About Tilray(R)

Tilray is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients and consumers in 13 countries spanning five continents. For more information, visit the company’s website at www.Tilray.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 – 1933 Industries Inc. (CSE: TGIF) (OTCQX: TGIFF) Enters Strategic Partnership with Premium Cannabis-Infused Food Brand Pantry for Production of Edibles in Nevada

1933 Industries (CSE: TGIF) (OTCQX: TGIFF), a vertically integrated cannabis consumer packaged goods company, recently announced the execution of a two-year licensing agreement between its subsidiary, Alternative Medicine Association LC (“AMA”) and Los Angeles-based The Pantry Company Inc. (“Pantry”). Per the update, the agreement is for the production of edible products in Nevada and adds a new vertical to the company’s portfolio of leading cannabis brands. “We are excited to expand our product offering in Nevada with a gourmet line that will set the standard for excellence in edibles,” 1933 Industries CEO Chris Rebentisch said in the news release. “The team at Pantry shares our vision and passion for providing natural, cannabis-based products that enhance, enrich and delight consumers. We look forward to launching the Pantry line in the coming months.”

To view the full press release, visit http://cnw.fm/9fUuw

About 1933 Industries Inc.

1933 Industries Inc. is a vertically-integrated, consumer packaged goods cannabis company with operations in the United States and Canada. Operating through two subsidiary companies, the company owns leading cannabis brands as well as licensed cannabis cultivation, extraction, processing and manufacturing assets. Its award-winning proprietary portfolio of brands include: AMA flower and AMA concentrates, CBD-infused Canna Hemp(TM), Canna Hemp X(TM), and Canna Fused(TM). Partners under licensing agreements include Birdhouse Skateboards(TM), Blonde(TM) Cannabis, Denver Dab Co., Grizzly Griptape, OG DNA Genetics, The Pantry Company, PLUGplay, and The Original Jack Herer(R). The Company owns 91% of Alternative Medicine Association, LLC (“AMA”), and 100% of Infused MFG LLC. 1933 Industries continues to focus its operations in the licensed US cannabis industry as a multi-state operator in Nevada, Colorado and California. For more information, visit the company’s website at www.1933industries.com.

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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CannabisNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Launch of Sugarleaf by 7AC

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced the launch of Sugarleaf by 7AC (“Sugarleaf”). According to the update, Sugarleaf is Supreme Cannabis’ newest introduction of high-quality cannabis experiences to the Canadian marketplace and widens the company’s product offerings, targeting consumers who demand a more refined, milder consumption experience. “We are very excited to introduce consumers to Sugarleaf by 7AC. Following on the success of our Blissco brand pre-rolls and our research into consumer preferences, we determined a premium, ready-to-smoke joint would be the perfect product to launch the Sugarleaf line,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “With the addition of Sugarleaf to the Supreme Cannabis brand portfolio, we are reaching a new consumer who might be experiencing high-end cannabis for the first time and desires a convenient product format.”

To view the full press release, visit http://cnw.fm/N0fwP

About Supreme Cannabis Company

The Supreme Cannabis Company, Inc., is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco, a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. Supreme trades as FIRE on the Toronto Stock Exchange (TSX: FIRE), SPRWF on the OTC Exchange in the United States (OTCQX: SPRWF) and 53S1 on the Frankfurt Stock Exchange (FRA: 53S1). Follow the company on Instagram, Twitter, Facebook and YouTube. For more information, visit the company’s website at www.Supreme.ca.

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

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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CBDNewsBreaks – ChineseInvestors.com, Inc. (CIIX) CEO Featured in SmallCapVoice.com Interview

ChineseInvestors.com (OTCQB: CIIX), an established financial news and investment portal as well as a leading industrial hemp retailer for the Chinese-speaking community, today announced that its CEO, Warren Wang, is featured in a new audio interview at SmallCapVoice.com (http://cnw.fm/1Y0nA). Wang called into SmallCapvoice.com, Inc. to review the achievements and goals for the company and its subsidiary in China, CBD Biotech, Inc. CIIX recently announced that CBD Biotech was featured in a November 13, 2019 Wall Street Journal report entitled, “China Says No to Marijuana but Lets Its Cannabis Industry Bloom – Farmers, companies increase hemp-related investments; a push ‘at light speed’ into CBD business.” “The progress with our current projects are why we were so excited to be speaking with SmallCapVoice.com,” Wang said in the interview. “We are extremely optimistic about our future with the foundation we have built. Once again, we are thankful for the opportunity to share our story with our shareholders and the SmallCapVoice.com listening audience.”

To view the full press release, visit http://cnw.fm/d5CrO

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing (a) real-time market commentary, analysis, and educationally related services in Chinese language character sets (traditional and simplified); (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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CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Announces Grant of Stock Options

VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, this morning announced that it has granted, effective today, an aggregate of 3,364,500 stock options (each, an “Option”) to certain directors, officers, employees and consultants of the company in accordance with the company’s stock option plan. Per the update, for a period of five years from the date of grant, each Option is exercisable into one common share in the capital of the company (each, a “Share”), each at a price of $0.215, being the closing price of the Shares on the TSX Venture Exchange on December 11, 2019. This is a normal-course grant that comprises part of the company-provided long-term compensation and employee retention incentives.

To view the full press release, visit http://cnw.fm/krE4C

About VIVO Cannabis(TM)

VIVO, based in Napanee, Ontario, is recognized for trusted, high-quality products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), FIRESIDE(TM), Canna Farms(TM) and Lumina(TM). In August 2018, VIVO acquired Canna Farms, a premium cannabis company based in Hope, British Columbia. Canna Farms was B.C.’s first Licensed Producer and has several years of craft cultivation experience and expertise, as well as a significant patient base and positive cash flow. The Company is significantly expanding its production capacity and pursuing partnership and product development opportunities domestically, as well as in select international markets, including Germany and Australia. VIVO also operates Harvest Medicine, a patient-centric and highly scalable network of specialty medical cannabis clinics as well as a free telemedicine service. VIVO has a healthy balance sheet and is well-positioned to accelerate its growth in Canada and internationally. For more information, visit the company’s website at www.VivoCannabis.com.

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

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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CannabisNewsBreaks – MCTC Holdings, Inc. (MCTC) and Cannabis Nanosciences File New Hemp Extract and Cannabinoid Delivery Patent

MCTC Holdings (OTC: MCTC), a science forward company developing unique hemp and cannabinoid infusion technologies, today announced the filing of a patent on a new hemp extract and cannabinoid delivery system for food and beverages. According to the update, the technology enables utilization of very small amounts of extracts in formulations in order to produce similar or superior results compared to other infusions. As MCTC recently announced, independent testing laboratories confirm that Hemp You Can Feel(TM) is undetectable in industry standard testing protocols when used as directed. “We have produced some spectacular results and test data on this new technology and we are in discussions with several companies that are planning product introductions based on Hemp You Can Feel(TM) technology,” MCTC Chief Executive Officer Arman Tabatabaei said in the news release. “This marks our 5th patent with several more expected over the short term. We have already begun development to create polymeric nanoparticles of this material, which we believe could represent an additional industry breakthrough. In addition, we are in the process of developing our THC-V and CBN nanoparticle creation protocols.”

To view the full press release, visit http://cnw.fm/E8dA0

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. 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.

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CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Secures Weekly Purchase Agreement Contract; CEO Discusses Various Revenue Streams

Grapefruit Boulevard Investments, a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), (collectively “Grapefruit”), this morning announced that the company entered into a weekly purchase agreement on Friday, December 6, 2019. Per the agreement, IGNG will supply “fresh-frozen” cannabis flowers to a sizeable, Oakland, California-based cannabis extractor and manufacturer. Grapefruit CEO Bradley J. Yourist also commented on the company’s recent completion of its audit and “Super” 8K. “The sale of ‘fresh frozen’ cannabis flowers to multiple manufacturers is just one of the many revenue streams that Grapefruit is developing, including, but not limited to, the wholesale distribution of dried and cured cannabis flowers, cannabis trim, cannabis distillate & crude oil produced at our state of the art Coachillin extraction plant, cannabis creams and cannabis infused edibles. Furthermore, as stated in previous communications to our shareholders, Grapefruit continues to move vigorously ahead with the testing and manufacturing of our patented THC ‘patchless patch’ topical cream which is able to deliver a defined dose of THC to our customers through the skin over an extended period of time. Our ability to exploit multiple revenue streams affords us a strategic advantage over competitors because it allows us to quickly adapt to ever evolving industry trends and to serve multiple customers with differing needs across the cannabis spectrum,” Grapefruit CEO Bradley J. Yourist stated in the news release. “Finally, with respect to the completion of the Grapefruit audit and the filing of our ‘Super’ 8K, Grapefruit is now one of just two revenue producing, audited, fully reporting, multiple licensed California cannabis companies listed on the OTCQB which provides us with a solid foundation from which to expand our operations and revenues through strategic acquisitions of other cash flowing cannabis companies in the State of California, throughout the United States and globally. As a result of our efforts to date, Grapefruit is poised to deliver tremendous value to our shareholders.”

To view the full press release, visit http://cnw.fm/bY2Ue

About Grapefruit

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 product 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.

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420 with CNW – Massachusetts Patients Turn to Maine for Affordable Medical Marijuana

Fifty year old Ingrid Martinez is terminally ill and undergoing chemotherapy. Martinez uses medical marijuana to manage pain and nausea. She resides in Lowell, and before she got sick, she was working in medical coding. Martinez travels to Maine after every three weeks to buy marijuana rather than get her supplies from Massachusetts where she resides.

She has a Massachusetts medical marijuana card, but she said that the MMJ is expensive in the Bay State. Martinez stopped using marijuana at some point because she could not afford it, and that is why she travels to Maine because it is cheaper than in Massachusetts.

Although it is illegal to transport marijuana across state lines, patients from Massachusetts are driving to Maine to purchase medical marijuana because it is affordable. Late August, Maine started accepting Massachusetts medical marijuana cards, and since then, marijuana outlets bordering the states have encountered a large number of customers from the Bay State.

The marijuana outlets in Maine started receiving more customers after the officials in Massachusetts banned the sale of vaping products except those used to vape crushed marijuana buds.

The owner of Your Green Thumb Caregivers in Kittery, Pam Edwards, whose shop is less than 30 minutes’ drive from northeastern Massachusetts, said that about 30% of her business comes from Bay State residents.

Edward further said that most of her customers told her that Maine has a wide range of products with better prices. She also noted that customers from Massachusetts rub their eyes when they see the costs of the merchandise because they cannot believe they are that cheap.

Recently, the online menu for Your Green Thumb Caregivers’ price for 1/8 ounce of marijuana was ranging between $20 and $50 while the rate for the same quantity at Patriot Care in Lowell was $50. Your Green Thumb Caregivers had 35-plus flower options while Alternative Therapies in Salem had 12 options.

The Price of Weed is a website that compares marijuana prices in different states. On Friday, it showed that medium quality marijuana in Massachusetts was going for $282 per ounce while in Maine, it was $232 an ounce.

A medical marijuana patient and advocate, Mike Crawford, said that he drives to Your Green Thumb Caregivers from North Shore every week to buy legal weed at an affordable price. He noted that the first time he bought the pot, he felt like it’s Christmas.

Crawford also noted that Maine stores have more price options depending on the quality of the weed. Compared to Massachusetts, the prices and products are better in Maine.

The law governing the marijuana market in Massachusetts is stringent as it requires the medical marijuana companies to grow their marijuana products, and this controls all aspects of sales. While in Maine, there are eight licensed dispensaries, which are large businesses. The state also has caregivers and small-scale independent farmers who are allowed to open retail stores and sell marijuana.

Another reason why marijuana is cheaper in Maine is that the cost of a license application is also low. The license fee for a farmer who is looking to grow 30 mature and 60 immature marijuana plants is $1,200 in Maine, while in Massachusetts, it is $30,000 plus an application fee of $1,500.

Massachusetts also has strict testing and packaging requirements, which are non-existent in Maine.

However, there are risks involved since in Massachusetts the products have labels detailing the ingredients while in Maine, you are taking a chance with each product you buy.

Experts suggest that marijuana companies like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) may need to prevail on their counterparts to form associations that set uniform standards that all products must adhere to in order to give consumers the best that the industry has to offer.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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