Category: CannabisNewsWire Release

CBDNewsBreaks – VPR Brands LP (VPRB) Announces Q3 and Year-to-Date 2019 Results, Posting Increased Revenues for Both

VPR Brands (OTCQB: VPRB), a market leader specializing in vaporizers and accessories for essential oils, cannabis concentrates and extracts (“CBD”), as well as electronic cigarettes containing nicotine, today announced its financial results for the third quarter and year-to-date 2019, posting increased revenues for both as compared to 2018. As compared to the same periods last year, VPR Brands achieved a 13% increase in sales revenue to $1.4 million for the third quarter of 2019 and a 24% increase in sales revenue to $4.3 million for the nine months ended September 30, 2019. “We believe VPR Brands performed well in Q3 despite the slowdown in purchasing within the vape industry late in the quarter,” VPR Brands Chief Operating Officer Dan Hoff said in the news release. “We were still able to grow the top line sales and maintain a healthy margin despite the obstacles encountered in the domestic vape industry. We are focusing our time and resources on CBD, international expansion, and white label clients while the mainstream domestic vape industry re-stabilizes.”

To view the full press release, visit http://cnw.fm/89Si1

About VPR Brands, LP

VPR Brands is a technology company whose assets include issued U.S. and Chinese patents for atomization-related products, including technology for medical marijuana vaporizers and electronic cigarette products and components. The company is also engaged in product development for the vapor or vaping market, including e-liquids, vaporizers and electronic cigarettes (also known as e-cigarettes) which are devices which deliver nicotine and or cannabis and cannabidiol (“CBD”) through atomization or vaping, and without smoke and other chemical constituents typically found in traditional products. For more information, visit the company’s website at www.VPRBrands.com.

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

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 – Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) to Host Q1 Fiscal 2020 Earnings Conference Call

Lifestyle-oriented cannabis company Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) on Tuesday announced that it will release its first quarter fiscal 2020 results after market close on Monday, November 25, 2019. GGBXF will also be holding a conference call with company management to discuss the results at 8:30 AM ET on Tuesday, November 26, 2019. To join the call, dial (+1) 416 764 8609 for the local Toronto line, (+1) 778 383 7417 for the local Vancouver line, or (+1) 888 390 0605 for the North American toll-free line. The conference ID is 54236169. The call and replay will also be available on the company’s investor relations website.

To view the full press release, visit http://cnw.fm/QO2i5

About Green Growth Brands

Green Growth Brands creates remarkable experiences in cannabis and CBD. Led by CEO Peter Horvath and a leadership team of consumer-focused retail experts, the company’s brands include CAMP, Seventh Sense Botanical Therapy, The+Source, Green Lily, and Meri + Jayne. The company also has a licensing agreement with the Greg Norman(TM) Brand to develop a line of CBD-infused personal care products designed for active wellness. GGB is expanding its cannabis operations throughout the U.S., via dispensaries in Nevada, Massachusetts and Florida and the largest network of CBD shops in malls across the country and ShopSeventhSense.com. For more information, visit the company’s website at www.GreenGrowthBrands.com.

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

About CanadianCannabisWire

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

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420 with CNW – Yale Teams Up With Weed Company to Study Effects of Cannabis on Stress

The Yale School of Medicine and CT Pharmaceuticals Solutions Inc. have teamed up to conduct a study on the impact of medical marijuana on stress and mental health.

On Friday, Yale and CT Pharmaceuticals announced that they would be conducting a phase-one study on the effects of a variety of cannabis strains with medicinal qualities for alleviating pain and stress. They will also examine other conditions such as PTSD (post-traumatic stress disorder), and opioid replacement.

This is a revolutionary clinical study which is the first of its kind to be approved by the state’s Department of Consumer Protection (DCP) medical marijuana research program to study stress and mental health, said Yale.

The study on stress and mental health will advance CT Pharma’s current research which involves human subjects. CT Pharma’s current research was started in 2016 by Yale’s Dr. Rajita Sinha.

In 2017, the Food and Drug Administration (FDA) gave Sinha in collaboration with the CT Pharma, a go-ahead for an Investigational New Drug application to examine how marijuana products affect subjective and physical responses to stress and pain.

In a news release, Sinha said that there is an increase in the consumption of medical marijuana in America, and it is crucial to understand how it helps in relieving a patient’s symptoms. She further said that the study should come up with new findings on pain and stress management in patients using medical marijuana. It should also contribute to the development of new CBD-based treatments.

The first phase of the study will examine males and females between the ages of 21-45. They must be recreational weed consumers who do not qualify for MMJ cards. The second phase will include men and women suffering from chronic pain between the ages of 21-60. Each of the study participants will be provided with placebo and cannabidiol (CBD). CBD is the non-psychoactive compound of marijuana, famous for its healing and wellness benefits.

The study will also assess marijuana’s side effects, such as increased heart rate, systolic, and diastolic blood pressure as well as other clinical symptoms.

The study on stress and mental health comes days after the Connecticut lawmakers added new conditions such as interstitial cystitis, intractable neuropathic pain, medial arcuate ligament syndrome, and Tourette syndrome to the medical marijuana program. The Connecticut MMJ program now has 36 qualifying conditions for adults and 10 for patients under 18 years.

According to CT Pharma, there are 37,927 patients in the MMJ program, 1,196 certified physicians, 15 licensed dispensaries, and four producers in Connecticut. The largest concentration of registered patients is in Hartford, Fairfield, and New Haven.

CT Pharma has 40 employees, and it is planning to expand by moving into a larger facility, which is 173,000 square-foot located in Rocky Hill. The facility was previously occupied by a pharmaceutical company known as McKesson Corp.

This kind of independent research is what marijuana industry players like Youngevity International Inc. (NASDAQ: YGYI) and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) have always wanted to see so that the public can be reassured that when the industry says marijuana is beneficial, it is true.

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 – Study Finds That Marijuana Use Disorder is Declining

According to a new study, the number of people diagnosed with cannabis use disorder (CUD) is not increasing. The results contradict the expectation of public health experts who thought that due to the legalization of marijuana, more people would consume more and more weed. The incidence of CUD is decreasing, and this could be attributed to the growing number of states that have made marijuana legal.

According to the report, between the years 2002 and 2016, the frequency of CUD decreased significantly across people of all ages. The decrease in cannabis dependence was noticed in adolescents, and young adults and stability in the use of marijuana were noted amongst adults aged 26 years and above who reported daily or almost daily consumption.

Recent studies on the use and misuse of marijuana had mixed results on the frequency of CUD in the last 20 years. This is because people who tend to use marijuana daily or almost daily are at the most risk for CUD. The researchers at Columbia University’s Mailman School of Public Health decided to study this group of consumers to get a better understanding of their general health.

Last month, the journal on Drug and Alcohol Dependence published the study findings.

The researchers used data from the National Surveys on Drug Use and Health for the years 2002 to 2016. This included 22,651 participants aged 12 years and above who reported having used weed at least 300 days within the past year.

The study authors used the Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, to measure problematic marijuana use for marijuana dependence and marijuana abuse. These include:

  • The time spent in a month procuring, consuming, and getting over the effects of weed.
  • Inability to stick to the set consumption limits
  • Failure to reduce the amount and the number of times of cannabis consumption.
  • The failure to fulfill significant responsibilities due to the frequent use of weed. And,
  • The continued use of cannabis even though you are faced with persistent, or interpersonal problems.

The study authors considered other factors such as the perceived need for mental health treatment among the participants, and whether the health provider indicated other health issues. They were also asked if they have participated in impaired driving from illicit drugs with or without alcohol.

During the study, the authors found that the rate of CUD decreased across all age groups. For those between the age of 12 to 17 years the reduction was26.8%; 18 to 25 years by 29.7%, and adults older than 26 years by 37.5%.

The study also noted that there was a reduction in the frequency of DSM-IV weed abuse across all age groups; adolescents, young adults, and adults for those with past-year daily/almost daily marijuana consumption. They also noted a decrease in the frequency of DSM-IV marijuana dependence in adolescents and young adults.

The researchers attribute the decrease in CUD prevalence to the increased legalization of marijuana, whereby 33 states have legalized medical marijuana, and ten states have legalized recreational marijuana, said one of the study authors, Silvia Martins, in a statement. Legalization has contributed to the reduction of marijuana stigma and the perception of problems associated with the consumption of cannabis. It has also improved the changes in social attitudes since consumers no longer quarrel with relatives and friends about marijuana usage.

Industry watchers are of the view that the findings of this study vindicate the cannabis industry, including companies like Willow Biosciences Inc. (CSE: WLLW) and Sugarmade Inc. (OTCQB: SGMD) that would never participate in an industry that wilfully gets people hooked on a substance.

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 – Kanvas Unveils Smart Pod System

Kanvas(TM), a creator of innovative solutions designed to elevate the user experience for legal cannabis and cannabidiol (“CBD”) consumers, this morning announced its latest innovation, a smart pod system. The end-to-end vaporization solution consists of a comprehensive collection of hardware and software features designed to empower brands to provide reliable, controlled experiences to end users. The device features cutting-edge anti-counterfeiting technology to authenticate each pod that connects with the battery. The inside of the pod system is equipped with Vapetelligence(TM) that enables cannabis brands to define dosing, temperature, terpene accentuation and plume size that delivers a safe and consistent consumer experience. The Kanvas pod system will be available in both 0.5ml and 1.0ml capacities and uses an open bucket filling design to reduce leaks and automate the filling process. It also offers up to one-week battery life and will include a micro-USB cable for charging. “We are thrilled to expand our product portfolio with the introduction of the pod system,” Kanvas CEO Andy Fathollahi stated in the news release. “Our focus on safety, security and performance has produced a tremendous delivery system that provides tamper-resistance, complete counterfeit protection and a craft customization experience. As the vaping category continues to see rapid growth, this device delivers the innovation and control the market has been demanding.”

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

About Kanvas

Kanvas(TM) is a cannabis technology company whose innovative software and hardware platform introduced temperature-controlled dosing technology and heating profiles that accurately and reliably deliver best-in-class vaporizing experiences for legal cannabis and cannabidiol (“CBD”) consumers. Headquartered in Orange County, California, Kanvas delivers safety, security and performance through an assortment of premium vaping solutions and ancillary products that are backed by patent-pending technology. To learn more about Kanvas, visit www.TheKanvasCo.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 – Sugarmade, Inc. (SGMD) Releases H1 2019 Data for Recent BZRTH Acquisition Revealing Over $15M Sales, 25% Sequential Revenue Growth

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today released full financial performance data for its recent acquisition of BZRTH, a leading hydroponics ecommerce supplier. Per the update, data for the six months ended June 30, 2019, reveal net profitability on sales exceeding $15 million, which represents 25% revenue growth on a sequential six-month period basis. “We are very happy to present our shareholders and current and prospective investors with a quantitative overview of the financial performance we are integrating as we assimilate BZRTH into Sugarmade,” Jimmy Chan, CEO of Sugarmade, said in the news release. “If any doubts remained about the strategic merits of this transaction, hopefully they will be soundly put to bed by the top and bottom line performance we are revealing today.”

To view the full press release, visit http://cnw.fm/f2N2b

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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CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) Puts Cultivation on Hold to Focus on Extraction, Edibles and Distribution

City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today amended its buildout and business strategy to respond to the evolving cannabis market. According to the update, City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market, and will focus on extraction, edibles and distribution. The company continues the buildout of its facility with a focus on designated areas for extractions and edibles. “We have been witnessing a surplus in both cannabis and hemp cultivation,” City View Green CEO Ian MacDonald said in the news release. “City View is focused on targeting higher margin, sustainable business opportunities that will provide long term growth and favorable returns for our stakeholders. The reality is we can now acquire both cannabis and hemp for our extraction purposes for less than the investment of bringing cultivation in-house. Our focus will be on producing the finest quality extracts and derivatives as well as being an innovative leader in the edibles market and maximizing distribution opportunities through our proprietary distribution network.”

To view the full press release, visit http://cnw.fm/7ouN8

About City View Green Holdings Inc.

City View Green is a vertically integrated cannabis company focused on extraction, edibles production and distribution. Upon receipt of its Cannabis Act processing and sales licenses, City View will incorporate extraction and edibles production at its Brantford, Ontario facility. The company intends to produce the highest quality cannabis and hemp extracts and derivatives. Once operational, the company expects to produce high quality oils, edible products, distillates and water-soluble products for the food and beverage markets. In addition, City View owns a 19.9% stake in Budd Hutt Inc. Budd Hutt is a retail focused cannabis company with access to licenses in Alberta and other retail opportunities across Canada. The company expects that Budd Hutt will secure shelf space and distribution opportunities for City View’s products. For more information, visit the company’s website at  www.CityViewGreen.ca.

About CanadianCannabisWire

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

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CannabisNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF) Receives Conditional Approval to Graduate to the Toronto Stock Exchange

VIVO Cannabis Inc. (TSX.V: VIVO) (OTC: VVCIF), an Ontario-based cannabis company recognized for its premium products and services, today announced its receipt of Toronto Stock Exchange (“TSX”) conditional approval to graduate from the TSX Venture Exchange (the “TSXV”) and list its common shares on the TSX. “The TSX is a premier destination for publicly traded companies and this listing represents a significant milestone for VIVO,” Barry Fishman, CEO of VIVO Cannabis, said in the news release. “It also demonstrates our long-term commitment to increasing investor awareness and generating shareholder value as we continue to drive sales in our premium family of brands including Canna Farms(TM), Beacon Medical(TM), Fireside(TM) and Lumina(TM).”

To view the full press release, visit http://cnw.fm/vV4oF

About VIVO Cannabis(TM)

VIVO, based in Napanee, Ontario, is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology at its Canna Farms facility in Hope, B.C., and at its Vanluven facility in Napanee, Ontario. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina(TM). The company is significantly expanding its production capacity and distribution channels; growing its domestic medical cannabis platform, including Harvest Medicine, its patient-centric, highly scalable network of specialty medical cannabis clinics and services; promoting production and cultivation innovation and pursuing partnership and product development opportunities; and actively focusing on growth in select international markets, including Germany and Australia. 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/VVCIF

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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HempNewsBreaks – Youngevity International Inc.’s (NASDAQ: YGYI) CLR Roasters Granted Exclusive Rights for Hemp Grow and Hemp Oil Extraction in Nicaragua

Youngevity International (NASDAQ: YGYI), together with its wholly-owned subsidiary CLR Roasters, today announced expansion of its operating partnership with H&H Coffee Group Export. Under the exclusive arrangement, the parties will cultivate hemp grow and the extraction of hemp derived cannabinoids into hemp-based crude oil in Nicaragua’s Chagüitillo, Sebaco – Matagalpa region for sales and distribution of hemp derived ingredients abroad.  The program will leverage YGYI’s Khrysos Industries’ intellectual property, which manufactures Hyper Super Critical CO2 extraction systems, with CLR Roasters and H&H’s expertise in agriculture and the creation of field to finish products. “We have invested heavily in our Nicaragua based operations over the last several years. We believe we are now beginning to recognize sustainable returns on this investment,” Youngevity president and CFO Dave Briskie said in the news release. “We have immense gratitude for the hard work and dedication provided by Ernesto Aguila, the President of our Coffee operations, and with our loyal partners Alain Piedra Hernandez and Marisol Siles of H&H. We strongly believe that this new venture will further strengthen our partnerships in Nicaragua and anticipate that this project will open up opportunities for other countries in Central America.”

To view the full press release, visit http://cnw.fm/oj6D4

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.

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420 with CNW – Florida House Panel Turns to Oregon for Lessons on Recreational Marijuana

There is a strong possibility of putting recreational marijuana legalization on the 2020 ballot in Florida and this has prompted the House panel to turn to Oregon to learn about the economic, environmental, and other changes that have occurred since the state legalized recreational marijuana in 2015.

The executive director of the Oregon-Idaho High-Intensity Drug Trafficking Area, Chris Gibson, told the House panel (House Health & Human Services Committee) that there has been an increase in tax revenue. The state has also experienced a rise in illicit use of drugs and that currently, Oregon is dealing with marijuana overproduction.

Gibson also told the panel that currently, the state has enough marijuana to meet the demand of consumers within Oregon for the next six-and-a-half years.

Gibson further said that due to the excessive supply of weed to the recreational market, it is believed to be servicing the black market sales in other states such as Florida. He also noted that some legal businesses are exporting marijuana out of state, which is considered illegal.

Although he refused to comment on whether marijuana is being used as a scapegoat for illicit drugs, he said that in the last five years, Oregon has reported an increase in drug use across the state.

Adult use and possession of marijuana were legalized in Oregon in 2015 through the ballot. The measure garnered 56% of the votes. According to the data from the Department of Revenue in Oregon, the state has collected marijuana tax revenue amounting to more than $275 million since 2016. And, the majority of it is from recreational sales, said Gibson.

Medical marijuana in Florida was approved in 2016 through the ballot. Supporters of recreational marijuana legalization are trying to include two measures in the 2020 elections so that adult-use recreational marijuana can also be available in the Sunshine State.

One of the campaigns to legalize pot is spearheaded by the “Make it Legal Florida” initiative and they are supported by medical marijuana operators in the state. This particular measure would permit people aged 21 years and above to possess up to 2.5 ounces of cannabis.

After the HHS committee meeting of Tuesday, the House panel Chairman, Ray Rodrigues, told reporters that the members of his committee should have all the information about the two proposals. Rodrigues further noted that if either of the proposals gets in the ballot, the constituents will need information and their position on the bills. Therefore, the HHS committee should be fully informed.

Rodrigues was intrigued by Gibson’s presentation on the environmental impacts of growing marijuana on Tuesday. According to Gibson, to produce a kilogram of weed, the plant uses as much energy as that of two refrigerators and release as much CO2 in the air as a passenger car in one year.

It is widely hoped that this information-gathering process will not be used by the House Panel to de-campaign legalization. Analysts believe such an act would be regarded as unfair by cannabis industry companies like Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) and VPR Brands LP (OTCQB: VPRB) who have always looked for ways to be more efficient in all steps of the production, manufacture and sale of pot.

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