Category: CannabisNewsWire Release

HempNewsBreaks – Marijuana Company of America Inc. (MCOA) hempSMART(TM) Brand Receives Los Angeles Business Journal 2019 Fashion & Beauty Awards Nomination

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced that its hempSMART(TM) brand products have been nominated by the Los Angeles Business Journal for its 2019 Fashion & Beauty Awards. The company’s proprietary hempSMART(TM) brand consists of premium-quality, lab tested, CBD verified products. The Fashion & Beauty Awards will take place at the LA Grand Hotel in Los Angeles, CA at 6:00 PM on December 12, 2019. “We are thrilled to be recognized and nominated by the Los Angeles Business Journal for our hempSMART(TM) brand of products,” Marijuana Company of America CEO Donald Steinberg stated in the news release. “We have always been committed to producing the highest quality products for the personal health and wellness of our customers, and our beauty line has progressed quite rapidly given the surge in demand. Our revenue has increased almost 840% from year-end 2017 to year-end 2018, which we can attribute to our expanding, high-quality product portfolio line and our international expansion into the U.K., Netherlands, and Scotland. The L.A. Business Journal’s Fashion & Beauty forum is another incredible opportunity for us to showcase our products.”

To view the full press release, visit http://cnw.fm/kOHo7

About Marijuana Company of America

Marijuana Company of America is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based and cannabis consumer products; (3) the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; VivaBuds(TM) is the newest subsidiary, delivering quality cannabis products across Southern California; (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop in the U.S. and abroad. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

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

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.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWireNews.com

Please see full terms of use and disclaimers on the HempWireNews website applicable to all content provided by HNW, wherever published or re-published: https://www.HempWireNews.com/Disclaimer

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HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Posts Financial Results for Three and Nine Months Ended September 30

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including its newly acquired commercial hemp enterprise, on Monday reported financial results for the three and nine months ended September 30, 2019. The company reported that revenues for the third quarter decreased 13% to $34,017,000 as compared to $39,082,000 during the same period in 2018. The company also hosted a conference call on Monday to discuss its financial results, quarterly and yearly highlights and business outlook. A replay of the webcast will be available on the Investors section of the company’s website. “We are not pleased with Q3’s performance, however, we are confident that we made the appropriate moves in Q3 pivoting our commercial hemp enterprise business model. The decision to expand Khrysos Industries into an 82,000 square foot, pharma grade, post processing facility has prolonged the period of time we will operate our commercial hemp enterprise on a pre-revenue basis, however, ultimately this decision is expected to accelerate our ability to compete, scale, and grow profitable revenue as we close out 2019 and move into 2020,” Youngevity International president and CFO Dave Briskie stated in the news release.

To view the full press release, visit http://cnw.fm/Qs1cy

About Youngevity International Inc.

Youngevity International Inc. is a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a commercial hemp enterprise and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry and innovative services. For more information, visit the company’s website at www.YGYI.com.

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

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.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWireNews.com

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420 with CNW – Pew Poll Finds Increased Support for Marijuana Legalization

On Thursday, Pew Research Center released the 2019 polling results on support for marijuana legalization which showed an increase with more than two-thirds of Americans backing the policy.

The survey was conducted through phone interviews from September 3-15. It involved 9,900 respondents, of whom 67 percent said that cannabis should be legal. This is 5 percent higher than the 2018 Pew survey findings on marijuana legalization support. Pew Research Center’s 2019 poll results closely reflect survey findings released last month by Gallup, which showed that 66 percent of Americans are in favor of marijuana legalization.

In their survey questions, Pew had a new question that had multiple policy options from which the respondents could choose their answer. The new question results showed that 91 percent of Americans support the legalization of either medical or adult-use marijuana. The legalization of both medical and recreational marijuana was backed by 59 percent, while 32 percent support legalization for medical cannabis only. And only 8 percent said that marijuana should stay illegal.

According to Pew, non-supporters of marijuana legalization said that the new question findings were notable. They also said that when people are presented with more policy options to choose from, the likelihood of supporting the broad legalization of cannabis would be lessened. But, the fact is that the majority of Americans are in support of the full legalization of marijuana.

The survey confirms that marijuana reforms require the support of both the Democrats and Republicans, with 55 percent of Republicans and 78 percent of Democrats supporting the legalization of weed.

Last year’s poll results showed that only 45 percent and 69 percent of Republicans and Democrats were in favor of legalization, respectively. This year’s poll pools responses from individuals as well as the members of the parties according to which party they are leaning towards. However, the previous polls separated the responses according to parties and reported their support or lack of separately.

The Executive Director of NORML, Erik Altieri, said that over the past three decades, the percentage of the public supporting recreational marijuana has been on the rise, and there is no sign that it will subside. He further noted that in the last few years, public support has been growing stronger as more and more states develop their marijuana reforms. He also said that although the country is divided politically, at least the majority of the Americans agree on the issue of cannabis legalization.

According to the 2019 survey, people of all races, men, and women are in support of ending marijuana prohibition.

Support for marijuana legalization is expected to continue rising. The “Silent Generation” is the only age group where the majority are not in favor of legalization. Sixty-three percent of Baby Boomers and 65 percent of Generation X support legalization. And, an overwhelming number of Millennials (76 percent) are in favor of legalization.

The partisan gap support among the millennials is small because 78 percent of millennial Democrats and 71 percent of millennial Republicans are in favor of the legalization of cannabis.

The percentage of adults who are not in favor of legalizing Cannabis has reduced to 32 percent in 2019 compared to 52 percent in 2010, said Pew.

According to the released report, the increased support of marijuana legalization is because more states have legalized medical and recreational cannabis. Pew also noted that apart from the former Vice President Joe Biden, the other Democratic presidential candidates are in favor of legalizing marijuana.

Industry observers say that this news of the increased support for marijuana legalization is unlike to excite marijuana industry players like SinglePoint Inc. (OTCQB: SING) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) that have so far failed to see this overwhelming public support resulting in any federal marijuana law reforms.

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 – Lottery Held to Award Recreational Weed Locations to Chicago Applicants

On Friday morning, marijuana companies filled the Chicago City Hall to participate in the first-ever lottery held for awarding recreational marijuana permits.

In the first round, Joel Caltabiano with Cresco Labs got the first pick. The company managed to get a spot at the heart of the city of Chicago, which was coveted by many as it includes an entertainment corridor located near Rive North and the Gold Coast. The central business district (CBD) is highly concentrated with people, hotels, and entertainment joints.

Caltabiano said that being located in the central business district is the best for the company because the area is highly populated. He also noted that the central business district generates most of the city’s tax revenue because it is where most spending is done.

The existing 31 medical dispensaries in Chicago have already been licensed to sell recreational marijuana come January 1 by the state. However, those who participated in the lottery were given a chance to choose a second location in the designated seven districts in Chicago.

Jeremy Unruh, who is from Pharmacann, said that recreational marijuana sales would add to the tax revenue in Chicago. He also noted that it would create new jobs.

Each of the seven districts is allowed a maximum number of seven dispensaries which will be increased to 14 in May. The cap on the number of dispensaries is to make sure that they are uniformly distributed across Chicago, Mayor Lori Lightfoot said.

The downtown spots were snagged up very quickly; however, not all businesses wanted to be at the heart of the action.

The Herbal Care Center medical marijuana dispensary, which neighbors the Illinois Medical District, now has a chance to open a second dispensary in a similar community. Brenda Schiller of The Herbal Care Center said that her company is focused on serving the community instead of the tourists.

The director of business development for Viola Brands, Jamil Taylor, said that he is looking for an opportunity to open an outlet in Illinois because he noticed a lack of diversity in the City Hall during the lottery. Taylor further noted that among the people participating in the lottery, he did not see any people of color or Asians, just people who do not identify with the city of Illinois, which could pose a challenge because of a lack of representation of other races.

The growing recreational marijuana sector will help boost economic development on the South and West sides of Chicago after it becomes legal next year.

Schiller said that the lottery system of awarding permits is a marijuana reform program that further leaves out people who are most affected by the war against drugs.

Before the licensed businesses can get operational, they must host at least one community meeting in their ward.

Experts believe that cannabis companies like Dama Financial and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) are pleased that plans to avail recreational marijuana in Illinois are now in final gear.

About CNW420

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

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Host November 18th Conference Call to Review Financial Statements, Provide Corporate Update

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, this morning announced its plans to host a conference call to discuss the company’s financial results for the quarter ending September 30, 2019, which it plans to release today. The call is scheduled to take place at 4:15 p.m. Eastern Standard Time (1:15 pm Pacific Standard Time) today, November 18, 2019. Youngevity International’s senior management will host the call, led by CEO and Chairman Steve Wallach and joined by CFO and President Dave Briskie. Interested parties may join the conference by dialing 1-877-870-4263 (toll free) or 1-412-317-0790 (international) and referring to the “Youngevity International Call.”  The webcast will be accessible in the Investors section of the company’s website, with an archived webcast available for replay on the Marker website approximately one day after the event.

To view the full press release, visit http://cnw.fm/4viGl

About Youngevity International Inc.

Youngevity International Inc. is a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a commercial hemp enterprise and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry and innovative services. For more information, visit the company’s website at www.YGYI.com

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

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 – LiveWire Ergogenics Inc. (LVVV) Announces Financial Report for Q3 2019

LiveWire Ergogenics (OTC: LVVV), a health and wellness company with a focus on special purpose real estate acquisitions and the licensing and management of high-end and permitted facilities for the production of cannabis-based products and services in California, today released its financial results for the third quarter of 2019. ”The cannabis market is ever-changing and complex. 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,” LiveWire CEO Bill Hodson said in the news release. “With the industry now set to explode, companies must begin scrutinizing their operations for inefficiencies and evaluate what works and what doesn’t. 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, which according to some industry experts is expected to reach $80 Billion by 2030.”

To view the full press release, visit http://cnw.fm/0qRYQ

About LiveWire Ergogenics Inc.

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinarian health and wellness industry. The company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal, high-quality cannabinoid-based products and services, and the creation of the high-quality “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 the company’s website at www.LiveWireErgogenics.com.

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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CBDNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Blissco Launches New, Full-Spectrum CBD Oil, Pūr Dew

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that its wholly-owned subsidiary, Blissco, has launched a new full-spectrum CBD oil, Pūr Dew. With the Pūr Dew CBD oil launch, Supreme Cannabis diversifies its product offerings, which currently include dry flower from 7ACRES and high-THC cannabis oil from KKE. “We are excited to expand our product offering to include CBD, arguably one of the fastest growing product segments on the market. As Blissco’s first CBD oil, Pūr Dew offers consumers full-spectrum CBD and USDA certified organic MCT coconut oil,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our team worked incredibly hard to provide consumers with a product that retains the benefits of the plant and the natural terpenes. Pūr Dew can be taken directly or mixes well into beverages, such as smoothies. We are excited for consumers to try Pūr Dew.”

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

About Supreme Cannabis

The Supreme Cannabis Company 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. 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/SPRWF

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 – Sugarmade, Inc. (SGMD) Announces Ambitious Strategy as it Advances Plans to Uplist to Major US Exchange

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today provided a strategic update as it advances plans to uplist to a major U.S. exchange while moving toward another targeted acquisition. According to the update, Sugarmade management expects the company to be on track to reach in excess of $65 million in annualized revenues based on its strategy. “We have an ambitious plan to create a viable path toward another major acquisition while extending our stepwise climb onto a major U.S. exchange listing as we continue to expand operations in a rapidly growing market,” Sugarmade CEO Jimmy Chan said in the news release. “The key steps that will facilitate this evolutionary process are a 14C filing and leveraging our superior market positioning in current and forthcoming negotiations, both of which are readily accessible and attainable ideas.”

To view the full press release, visit http://cnw.fm/g39QJ

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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

About CannabisNewsWire

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

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CBDNewsBreaks – ChineseInvestors.com Inc. (CIIX) CEO Featured in RedChip Money Report Interview, Describes Tremendous Opportunity in China’s CBD Cosmetics Market

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, was interviewed on The RedChip Money Report television program. During the insightful interview, Wang highlights the company’s value proposition, recent achievements, as well as upcoming milestones related to its expanding CBD business. “I see tremendous opportunity for our CBD divisions,” Wang said in the interview. “We are the first one to enter the Chinese CBD cosmetic products market. With 1.4 billion people in China, it’s a huge opportunity.”

To view the full press release, visit http://cnw.fm/crRX2

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis and educational-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 and wellness 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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420 with CNW – Georgia’s Medical Marijuana Program Kicks into High Gear

Georgia’s key leaders have launched a program providing the state’s 15,000 registered patients with medical marijuana seven months after the Governor approved the program.

Licensing for companies seeking to grow and sell medical marijuana oil would be granted by a seven-member commission, which was appointed by Governor Kemp, House Speaker David Ralston, and Lt. Governor Geoff Duncan.

According to Georgia state laws, marijuana oil can be used to treat Parkinson’s disease, severe seizures, and terminal cancer as well as other ailments.

In 2019, the state of Georgia enacted a law called Georgia’s Hope Act, which allowed the commission to develop a medical marijuana distribution system across the state and establish testing regulations. It also issued licenses to businesses seeking to sell cannabis oil with low levels of THC.

Governor Kemp said that the Act provides Georgia residents with a means of treating chronic and debilitating illnesses.

The Georgia Access to Medical Marijuana Commission (GAMM) is made up of three doctors, chief of police, a health policy professor, the president of the Board of Pharmacy in Georgia, and a small business owner. Dr. Edwards is the principal surgeon for the Atlanta Neurosurgical & Spine Institute and the chairman of GAMM.

It will take a while before the rules are passed, permits are granted, and cultivation and sale of medical marijuana products begins. Thrower, who suffers from muscle spasms and chronic pain, said that patients have waited for a long time and cannot wait any longer.

For two and a half years since moving from Illinois, Thrower has been receiving medical marijuana through illegal channels to manage her symptoms. She noted that she wants legal and consistent means of getting medical marijuana.

Thrower volunteers with a group that helps people with disabilities. She said that the government should consider the needs of the patients when implementing the medical marijuana program.

The state vetted more than 50 candidates before naming the members of the commission. The medical marijuana laws on appointing the members of the commission were stringent. One of the rules stipulated that the members of the commission are not supposed to harbor a monetary interest in the marijuana industry during the four-year appointment period and five years after their period has elapsed.

A former state representative Allen Peake said that he expected the commission to include parents with patients suffering from the qualifying conditions.

According to Georgia’s medical marijuana bill, licenses for cultivation would be issued for up to 9 acres of indoor growing space.

The commission will issue medical marijuana cultivation licenses to two large corporations and four smaller companies. Also, the University of Georgia and Fort Valley State University will submit applications for the production of cannabis oil.

The commission would allow the sale of marijuana with less than 5% THC. Compared to CBD oil which has 0.3% of THC, medical marijuana oil has more THC at 5%.

Experts opine that cannabis industry actors like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and HTC Extraction Systems (TSX.V: HTC) hope that now that a commission is in place, patients in the state will not wait very long to start accessing medical marijuana for their symptoms.

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