Category: CannabisNewsWire Release

Californian Cannabis Industry Blazes Trail of Growth for US

CannabisNewsWire Editorial Coverage: California continues to be the leading center for the U.S. cannabis industry, with huge growth already taking place and plenty of potential for more.

Cannabis Strategic Ventures (OTCQB: NUGS) (NUGS Profile) is among the growing number of California cannabis companies boasting multiple cultivation, manufacturing and distribution licenses. Its wholly owned and operated flagship farm, NUGS FARM, recently completed its first harvest. Like Cannabis Strategic Ventures, Acreage Holdings Inc. (OTCQX: ACRGF) is invested up and down the supply chain, with new brands targeting markets in California and elsewhere. Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) recently announced expansion in Pennsylvania, catering to the state’s 180,000 registered cannabis users. Halo Labs Inc. (OTCQX: AGEEF) provides vital support services to the California market, using cutting-edge technology to extract active ingredients from cannabis. Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) has financed a fresh wave of expansion through a sale-and-leaseback agreement on its existing cultivation properties.

  • California’s industry is expected to be worth $3.1 billion this year and could reach more than three times this size as it takes over from the illegal market.
  • Public companies are expanding thanks to support from the state and ancillary businesses.
  • Federal legislation keeps many of these companies from stock exchange listings, so they are traded as over-the-counter shares.
  • Cultivation operations provide the bedrock for their growth.

To view an infographic of this editorial, click here.

California Leads the Way for Cannabis Industry

As with many other significant economic and social changes, California is currently leading the way in the legal cannabis market. The first state to legalize medical cannabis has created a whole new sector of the legal economy and continues to set the standard that the rest of the market follows. The words cannabis and California go hand in hand.

The fall harvest is approaching, highlighting how much cannabis cultivation in California has thrived. Growing consumer demand in both the medical and recreational cannabis segments has led to constant growth for the industry. Consumers want more and better cannabis, and companies are moving to meet that demand. Cannabis investment is rising as companies realize the potential rewards of investing in cannabis.

Maturing Industry Makes More Cannabis Stocks Available

Investors both inside and outside California have been turning their attention to the state’s cannabis industry. These investors are flocking to pick up stocks in cannabis-related enterprises such as Cannabis Strategic Ventures (OTCQB: NUGS), a cannabis-related holding company that has recently made significant investments in the Californian cultivation market.

The early days of the cannabis industry were uncertain ones for investors. Though California had taken the bold step of legalizing the medical cannabis industry, the shape of that industry and the profitability of companies remained uncertain. Questions about how the federal government would respond, given that this state-level legislation was at odds with federal laws shaped by the war on drugs, contributed to that uncertainty. Further changes such as the legalization of cannabis in California for recreational purposes, which happened only three years ago, have meant ongoing uncertainty and adaptation.

In-state progress has made positioned companies such as Cannabis Strategic Ventures for success. The state has a fully regulated market, with licensing arrangements for the production, processing and sale of cannabis. Sophisticated infrastructure is emerging to nurture the industry, both in the government machinery that regulates it and in the businesses that provide materials and services.

The result is a growing number of public companies, some new and others well established. Investors have a range of options to choose from and greater confidence than ever before that their money is in safe hands.

California’s Billion-Dollar Cannabis Industry

The central driver for growth is the high demand for cannabis that exists in California. The state’s legal cannabis industry is expected to reach $3.1 billion in sales this year, according to a report from research firms Arcview Market Research and BDS Analytics. This expected demand has fueled spectacular growth in the number and scale of cultivation operations, as new ones enter the market every year. Cannabis Strategic Ventures’ NUGS FARM site made its first sales this September and is building toward its full operational capacity for the start of next year. Others are in similar positions, gearing up from first sales to big cultivation and sales operations.

These sales are likely to increase as more of the state’s shadow market in cannabis moves into the light. Illegal operations in California are estimated to be worth $8.7 billion this year. The state is working to eradicate these operations and create a safer, better-regulated market that will protect consumers, workers and well-run businesses.

Operations such as NUGS FARM are both a result of and a contribution to the erosion of the illegal market. As police crack down on illegal operations, customers move toward legal outlets to obtain their drugs. In addition, the existence of legal outlets is itself a draw away from the illegal sellers. By providing a safe, legal way for customers to obtain what they’re looking for, with more consistent results and value for money, enforcement agencies are eroding the illegal market’s customer base.

Investing in Cannabis Off the Exchanges

Despite this, many cannabis companies are unable to list their stocks on American exchanges. Instead, the likes of Cannabis Strategic Ventures are traded as over-the-counter stocks on OTC Markets.

The reason behind this is federal legislation. Though many states have changed their views, the United States government still treats cannabis as a Schedule One drug, legally regarded to be as dangerous as heroin or LSD, despite the overwhelming scientific evidence against this stance. This means that companies that directly cultivate and sell recreational cannabis are barred from listing on U.S. financial exchanges. Some ancillary and biotech companies have found a way around this and onto the exchanges, while others have been listed in Canada instead. But for many, over-the-counter sales between traders remain the way forward.

The Practicalities of Cannabis Cultivation

Despite the challenge this situation creates, there is no shortage of funding for cannabis growers. For the first time, investors are starting to learn what a cannabis cultivation project looks like.

Many of these operations are based on indoor growing, which allows for greater security and consistency of results. NUGS FARM is a 6.5-acre greenhouse operation, using specialized farming equipment to feed, water and monitor the plants. The farm has licenses to cultivate, manufacture and distribute cannabis, giving Cannabis Strategic Ventures the right to be involved in and provide quality control through the entire supply chain. NUGS can produce tens of thousands of pounds of cannabis annually, with the plants coming from the company’s own unique, high-quality flower strains. NUGS has started booking sales of this produce as it gears up to full capacity in early 2020.

This is the shape of the Californian cannabis industry — sophisticated, forward looking and constantly expanding. Challenges such as the illegal market and federal regulations are being overcome — or even turned to the industry’s advantage.

All In On Cannabis

Across the 33 states in which medical or recreational cannabis is now legal, companies are enjoying similar patterns of expansion.

Starting with its founder’s investment in a cannabis license in Maine eight years ago, Acreage Holdings Inc. (OTCQX: ACRGF) has since expanded to create a company operating in states across the United States. A team of experts with experience in everything from legislation to healthcare to cultivation, the company is invested all along the supply chain, from cultivation to manufacturing to dispensing to branding. Acreage Holdings recently rolled out a new set of products under its House of Brands strategy. California is among the target markets for these products, tapping into that large and growing customer base.

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) is another multistate operator with cultivation centers in a number of states. The company is focused on the medical rather than the recreational sector of the market, focusing on the health benefits that cannabis can bring. Green Thumb Industries recently opened its seventh retail store in Pennsylvania, a sizeable market with 180,000 in-state registered medical cannabis patients. Such moves have led to a tripling in Green Thumb’s revenues in the second quarter of this year.

The industry isn’t just about cultivation and retail; there’s a large base of support services backing that. Among those companies is Halo Labs Inc. (OTCQX: AGEEF), which specializes in the extraction of active ingredients from cannabis. This extraction allows the chemicals to be used in products ranging from medicines to vaping liquid to food and drink. Halo’s leading-edge technology gives it an advantage in the extraction market, a fast-moving segment based on swiftly changing technology. Halo Labs was recently awarded two new licenses for operations in California, where it already has a 9,400-square-foot campus dedicated to the processing of cannabis products.

A vertically integrated company working across the United States, Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) is one of the leading multistate cannabis companies. Cresco deals with the whole supply chain of cannabis, including cultivation, processing, packaging, shipping and sales in its own dispensaries. The company recently made a sale-and-leaseback deal on two of its cultivation properties in Illinois to provide extra funds for expansion in the state. Like California, Illinois has plenty of room for expansion, and the industry there is expected to eventually reach $2 to $4 billion in value. The deal will position Cresco to make the most of that growth.

The cannabis industry is growing in many states, following the lead of California, where a powerful market is forging the way ahead for the rest of the country.

For more information on Cannabis Strategic Ventures, visit Cannabis Strategic Ventures Inc. (NUGS)

About CannabisNewsWire

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

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420 with CNW – 5 Things to Discuss about Medical Marijuana with Your Doctor

In the United States today, there are a total of 33 states that have legalized the use marijuana in a medical setting, and 11 states have given the go-ahead to use marijuana for recreational purposes. However, the physician assistant school has not included the education on the effects of cannabis, the natural cannabis-like molecules (endocannabinoids), and the way THC interacts with other medicines as part of their nursing syllabus.

According to Theresa Mallick, who practices at the division of pain medicine in Stanford Health Care, due to changes in laws where weed is concerned, more patients are bound to ask about the possibilities of using marijuana either medical or recreationally. So, to keep them safe as a doctor, it is your responsibility to equip them with information on the positive and negative effects of marijuana.

Through the American Association of Nurse Practitioners, Theresa Mallick recently taught a webinar about marijuana. According to Mallick, it is essential for doctors to go ahead and address the topics below with their patients.

  1. Voice Your Opinion About Marijuana Consumption

Honesty is crucial in getting your patient to open up. Moreover, they will be able to accept your advice on whether marijuana is a suitable form of treatment or not if you are truthful about what your thoughts on marijuana are.

  1. When Talking About Marijuana with Your Patients, Ask Them to Register for Medical Marijuana Cards

Advise the patient to apply for the medical marijuana card, which is easy to get in the states where medical marijuana is legal. With the medical card, you will be able to provide them with information on medial utility, safety, and its interaction with other drugs, treatment agreements, and aims of care.

  1. Give Them Tips For Buying Marijuana Safely

When buying cannabis, there is a probability of buying contaminated products; therefore, patients should be educated on how to purchase safe products. Educate them on how to read labels, the base of the product either weed or hemp, the source, and the manufacturing process before the product reaches the market.

Also, advise them not to inhale any product containing propylene glycol since this could cause them respiratory problems.

  1. Help Them Distinguish Between Inhaled And Orally Ingested Marijuana

Mallick-Searle says that the probability of patients opting to use marijuana in edibles is high because many believe that it is safer than inhaling. However, she advises doctors to use the inhalation method when assessing patients as this will show how cannabis affects the patient’s blood levels and psycho-activity.  This is not possible with orally ingested marijuana as the time of cognitive effects varies.

  1. Inform Them About The Dangers Of Cognitive Impairment

Physicians have the responsibility of warning the patients on the dangers of conducting certain activities such as driving or operating machines while under the influence of weed. According to the Ontario Medical Association, the levels of THC in the ingested marijuana, and the mode of consumption determines the duration of the cognitive effect. When cannabis is inhaled, the impact takes place immediately and lasts only for a few hours, but when it is eaten in edibles, it takes a while for the effects to be apparent, and last longer than when inhaled.

Industry analysts are currently evaluating how marijuana companies like Hemptown USA and Sugarmade Inc. (OTCQB: SGMD) could be impacted by these findings.

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 – Colorado Research Investigate Marijuana’s Ecological Footprint

The Department of Health and Environment in Denver, Colorado, is studying marijuana’s ecological footprint. Colorado Public Radio reported that researchers are conducting the studies not because the citizens of Colorado are releasing too much weed smoke into the air, but because they want to how the marijuana crop affects the environment.

An environment consultant with CPDHE, Katilin Urso, said that Colorado is not adhering to the ozone standards set by the Environmental Protection Agency. Ozone is a type of gas made of oxygen atoms, and it is hazardous in the atmosphere. In Colorado, ozone gas is rated as the highest pollutant, and this prompted the researchers to probe into what is contributing to excess emission of the ozone gas.

When Kyle Clark spoke to Urso, she said that the reason why the researchers are looking at the marijuana plant is that it produces terpenes (volatile organic compounds), which give the plant its unique scent.

When terpenes mix with other air pollutants and the sun, they add to the dangerous ozone layers which can make the air unfit for people to breathe.

According to Urso, the question most researchers are attempting to answer is the extent to which the marijuana sector is adding to the increases in the damage to the ozone layer. Moreover, how much terpenes are released into the atmosphere for each pound of marijuana grown? Also, they want to identify ways to develop environmental-friendly practices to be adopted by the marijuana industry.

Urso said the reason they are studying marijuana is that it is one of the many plants that emit volatile organic compounds in the environment. They are studying cannabis because of zoning and regulations, citing that the Denver metro area has the highest level of pollution and population, and is also where most marijuana legal growers are located. The marijuana industry and the growers are cooperating with the state in terms of data collection.

The Department of Health in Colorado’s primary purpose of this study is to determine the specific components being released into the air by the marijuana plant. This is because the Environmental Protection Agency (EPA) failed to quantify the effect of marijuana on the environment in the legalized states.

Morgan Fox says that he has been aware of the research which started in 2018 and is to end in September 2019 with the findings being released the coming summer. He says that he supports the study, although he does not know precisely how marijuana is contributing to the ozone depletion problem. To contribute positively to the environment, as an industry, they have adopted better lighting and planting techniques. They have also introduced a recycling system where customers can recycle the packaging through proper sanitization.

In 2011, the Department of Health conducted similar research on beer craft industries. Although they were causing much damage to the environment, the department suggested more efficient ways such as recycling bags used in production. They also warned against spilling beer during packaging because it releases ethanol upon evaporation, which is bad for the environment.

Analysts expect industry players like Earth Science Tech Inc. (OTCQB: ETST) and Geyser Brands Inc. (TSX.V: GYSR) to eagerly await the findings of this research since more light would be shed on an aspect of the marijuana industry that hadn’t been scientifically investigated.

About CNW420

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

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CBDNewsBreaks – Neutra Corp. (NTRR) Subsidiary Nearing Market Release of Hemp-Based Sports Cream Expected to be Hit with Amateur and Pro Athletes

Early-stage research and development company Neutra Corp. (OTCQB: NTRR) today announced that its subsidiary VIVIS Corp. is rapidly approaching the market release of a new transdermal, hemp-based sports cream. According to the update, the company believes the new product will prove popular with amateur athletes and others seeking relief after tough workouts and performances. The announcement is the latest in Neutra’s series of bold initiatives that it undertook earlier this year to grab a share of a market analysts predict will hit $11 billion by 2026. “We’re now seeing the positive payoff of hiring a dedicated sports medicine advisor earlier this year,” Neutra’s CEO Sydney Jim said in the news release. “Our goal with that hire was to develop hemp-based CBD (cannabidiol) products geared to the expanding sports market. VIVIS’ upcoming transdermal sports cream will appeal to the rapidly growing number of active Americans wanting to improve performance, relieve aches and pains, prevent injuries and lead healthier lifestyles. And as with all VIVIS products, this sports cream will be third-party verified for consistency, potency and as contaminant-free.”

To view the full press release, visit http://cnw.fm/Ca4xU

About Neutra Corp.

Neutra Corp. (NTRR) is an early-stage research and development company with a focus on bringing modern healthy living solutions to a multibillion-dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where in which consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical sub-markets is the new thriving hemp-based CBD market, in which the Company intends to participate. For more information, visit the Company’s website at http://www.NeutraInc.com.

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

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 – Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) Announces Launch of Edibles Products into Nevada Adult-Use Cannabis Market

Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF), a leading cannabis branded products company in the U.S., this morning announced the launch of its best-selling gummies* into the Nevada market. According to the update, the products are manufactured through the company’s partnership with TapRoot Holdings Inc., a vertically integrated cannabis company operating cultivation and manufacturing facilities in Las Vegas, Nevada. Commercialization comes just four months after PLUS and TapRoot’s entry into a definitive agreement. “Operating in Nevada only four months after signing a definitive agreement with TapRoot is a testament to our commitment to execution in building a national footprint,” PLUS Co-Founder and CEO Jake Heimark said in the news release. “We have created and commercialized the best-selling gummies brand in California. Now with this expansion, we aim to replicate this successful strategy in Nevada and ensure high-quality cannabis products reach more consumers in the U.S.”

To view the full press release, visit http://cnw.fm/Q0Ve7

About PLUS

PLUS Products is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA with 80 employees. For more information, visit the company’s website at www.PlusProducts.com.

*Over the last twelve months by units and dollars of retail sales according to BDS Analytics

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

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 – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Representative Assumes Board Positions with Organizations Fostering International Cannabis Industry Growth

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that a representative of the company has assumed board positions with three international organizations committed to promote and foster global cannabis industry growth. According to the update, Organigram’s Vice President of Public Affairs and Stakeholder Relations (North America), Cameron Bishop, has assumed board seats on The American Trade Association for Cannabis and Hemp, The Policy Center for Public Health & Safety (both U.S.-based) and the European Alliance for Medical Cannabis, as well as a board chair position on the European Alliance for Medical Cannabis’ Access, Innovation and Research Committee. Bishop was also recently appointed vice-chair of the Cannabis Council of Canada (“C3”), Canada’s national organization of licensed producers. “I’m proud to represent Organigram and the legal cannabis industry in Canada as a board member for these organizations. Reforming cannabis laws, breaking down barriers of prohibition and building new economic engines takes time, dedication and experience,” Bishop said in the news release. “These groups embody those elements; I’m confident the work we do together will lead to lasting benefits for cannabis, industry, consumers and patients here at home and around the world.”

To view the full press release, visit http://cnw.fm/e3F7l

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics, Trailer Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the company is regulated by the Cannabis Act and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.

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

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 – Another Marijuana Legalization Bill Introduced in Mexico Legislature

On Tuesday, a key Mexican lawmaker introduced a new marijuana legalization bill in parliament. The legislation would allow people to cultivate marijuana in their homes.

The coordinator of the ruling MORENA party’s bench in the Deputies Chamber, Mario Delgado Carrillo, while filing the legislation, argued that regulating marijuana would help in promoting health among the Mexicans. Furthermore,  having the government in charge of the program would help in reducing industry monopolization by the big marijuana companies.

In the bill, he outlined the history of the marijuana ban in Mexico while citing that there is not enough evidence to support the ban. The prohibition of cannabis is repressive, and it violates the fundamental rights of the Mexicans. He also added that legal access to marijuana could be used to treat patients with certain conditions.

The bill also states that prohibition has led to widespread violence in Mexico through the formation and multiplication of criminal gangs. Furthermore, marijuana legalization would create jobs and stimulate growth in the Mexican economy.

As stated in the bill, the government would form a department called Cannsalud, which would be responsible for regulating the legal cannabis market. The department would be a branch of the federal government with technical, operational, and management roles to help in the realization of the sole purpose of the bill, marijuana legalization.

Last year, Mexican lawmakers went on a benchmarking trip to Canada to learn more about their marijuana legalization model. In Canada, marijuana is sold through government stores. It seems the Mexican lawmakers have adopted the Canadian system of the government-run approach to marijuana regulation.

The Mexican legislation would permit adults to cultivate a maximum of six marijuana plants for recreational use.

According to Delgado, the state would constantly supervise and control the growth and use of marijuana to make sure that it stays within the margin of legality, and the marijuana market is not left to the control of the citizens.

Under the bill, a public company would be formed as an intermediary to help identify and mitigate risks possible in the market; such as international companies maximizing their profits by utilizing weed above the legal potency limit, which would prove harmful to human health.

The Mexican Senate has been organizing events to promote talks about marijuana legalization for the past several weeks. A former White House drug czar was featured in one event where he urged the Mexican lawmakers to implement strong regulation for the cannabis market.

Earlier this month, Senator Julio Mencaca of the MORENA party introduced new marijuana legislation that does not call for the government to control sales.

Experts believe marijuana industry players, such as Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), in other markets are watching to see which of these bills is eventually passed in Mexico.

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 – Key Details of the Massachusetts Marijuana Home Delivery System

Very soon, residents of Massachusetts may begin enjoying marijuana home delivery. New rules allowing marijuana companies to delivery cannabis direct to their customers were approved last week by the Massachusetts Cannabis Control Commission. After they were adopted, the commission created new licenses for companies specializing in marijuana delivery.

According to the Cannabis Control Commission (CCC), home delivery for medical marijuana patients had already been approved. However, the 2016 ballot measures do provide for legalization of recreational marijuana home delivery; allowing it would give marijuana companies a chance to enter a market that is controlled by black market operators.

Britte McBride, CCC Commissioner, wrote an opinion piece for CommonWealth Magazine that marijuana is here to stay. He added that licensed companies, which are regulated and tax-paying businesses, are in open competition with illegal home delivery. To curb the operation of illicitly delivered marijuana, the commission has come up with legislation (pending) to authorize monetary sanctions against unlicensed and unregulated businesses.

During the first two years, only those in the social equity program and locally owned businesses approved for home delivery will be given licenses.

To promote small and minority businesses, the commission issued two-year exclusive licenses, which will be effective immediately after the permit is issued, especially after seeing how black and Latino communities were affected by the war on drugs. After noting that to start a delivery company required little startup capital, the officials encouraged small entrepreneurs to participate.

Social equity program applicants must be residents of a community that qualifies for economic empowerment. Their income should also be below 40% of the federal poverty levels.

The new rules require marijuana delivery companies to enter into a contract with a licensed retailer if they are transporting other people’s products.

For home delivery, the customer has to confirm that they are 21 years or older at the dispensary and again when cannabis is delivered. Deliveries should only be done between 8 a.m. and 9 p.m., and the delivery people will be monitored by GPS and body cameras to make sure orders are delivered to the right place, and for the security of the employee.

Although cash payments are permitted, businesses are urged to implement an electronic or online payment system. The new rules prohibit carrying marijuana worth more than $10,000 at a time, to help minimize theft.

Deliveries will not be permitted in colleges or any university housing, shelters, hotels, or government-subsidized housing. Customers should order only from their place of residence. Also, deliveries will not be made in those parts of Massachusetts that do not permit the sale of marijuana.

To start companies to offer delivery services, the state and local officials have to approve delivery licenses, said Steve Hoffman, CCC chairman. However, first, they need to put the application form on their site, which will take several months since the commission isn’t accepting applications as yet.

Experts believe that the entire cannabis industry, including companies like MustGrow Biologics Corp. (CSE: MGRO) and ChineseInvestors.com Inc. (OTCQB: CIIX) is glad that people in Massachusetts will soon enjoy marijuana home delivery.

About CNW420

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

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CBDNewsBreaks – VPR Brands LP (VPRB) Offers Robust Suite of Products in Nicotine, CBD Verticals

VPR Brands (OTCQB: VPRB) has developed of a suite of brands for the nicotine and CBD (cannabidiol) markets. An article discussing the results reads, “VPR Brands expects to launch a second CBD brand — Dr. Good Hemps — into the marketplace this year. The company is concentrating on cannabis consumables, focusing on leveraging the numerous opportunities available in this space. With major regulatory shifts toward the CBD vertical, the market is forecast to grow to an estimated $22 billion by 2022 (http://cnw.fm/rL0in). . . .  VPR Brands offers a compelling investment opportunity for investors looking for exposure to the nicotine and cannabis verticals. Through its vaporizer brands, GoldLine CBD, and white-label business, the company is in an ideal position to capture more market share. As it focuses on driving scale across different high-growth verticals, VPR Brands continues to focus on its wide-ranging portfolio of tested vaporizer products.”

To view the full article, visit http://cnw.fm/74mZg

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, are devices that deliver nicotine and/or cannabis through atomization or vaping 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 – Independent Vaping Retailers & Manufacturers Urge Congress to Establish Significant Market Reform

Over 600 independently owned vaping retailers and manufacturers came together to release a white paper today formally responding to CDC claims about the link of e-cigarettes and recent illnesses and deaths. The white paper also outlined specific solutions for policy makers to address the youth epidemic including the limitation of flavors to lower nicotine products sold through adult-only retail establishments. It also suggested implementing an examination of nicotine strength and risk profiles as well as encouraging manufacturers to build age verification tools into all hardware. “Although state health departments and the FDA have continued to link recent respiratory illnesses with illegal THC use, the CDC reports did not adequately differentiate between THC and nicotine vape even though they are completely different industries,” vaping retailer AMV Holdings’ president Sam Salaymeh stated in the news release. “The failure of the CDC to demand THC screening of patients who refuse to admit to such use is irresponsible and dangerous. This oversight has caused wide-spread panic among consumers and government policy makers and negatively impacted public health. We are now seeing people go back to traditional smoking and a significant reduction in the rate of smokers who adopt nicotine vaping for harm reduction. The entire nicotine vaping industry, which has helped millions transition away from combustible cigarettes over the past decade without resulting in severe respiratory illnesses, is suffering severe economic hardship. We have had to shut down many stores and lay off more than 15% of our workforce due to the actions of drug dealers selling contaminated THC cartridges. That should not happen in a country founded on freedom and justice.”

To view the full press release, visit http://cnw.fm/V2ZlZ

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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