Next-level cannabis investor forum MjMicro debuts in NYC on June 25

MjMicro Conference (www.mjmicro.com), the next-level investor forum for publicly traded cannabis companies, debuts in New York City on June 25 at the Westin Grand Central Hotel. This one-day conference provides an exceptional opportunity for cannabis-related public entities to connect with private capital investors and also features presentations from noted industry experts.

The MjMicro Conference is an invitational networking forum exclusively created to enable best-in-class and emerging public companies in the cannabis industry to meet with high-net-worth investors, venture funds and family offices, helping drive private investment capital into public entities, promote trading liquidity, and increase media and analyst coverage.

“Our goal is to provide both the most exciting and diverse range of public company investment opportunities, ranging from micro to mid-cap companies that have proof of concept, revenue streams, audited financials and public market liquidity,” noted George Jage, president of MjLink.com and producer of MjMicro. “This event creates direct C-suite access for investors to provide insight into their vision, strategy and performance.”

Confirmed presenting companies include 1933 Industries (CSE: TGIF) (OTCQX: TGIFF), CannAmerica Brands (CSE: CANA) (OTCQB: CNNXF), Cannex Capital Holdings (CSE: CNNX) (OTC: CNXXF), Cardiol Therapeutics (TSE: CRDL) (OTC: CRTPF), Dixie Brands (CSE: DIXI.U), (OTC: DXBRF), (Frankfurt: 0QV), Emerald Health Therapeutics, FSD Pharma (CSE: HUGE) (OTCQB: FSDDF), Helix TCS Inc. (OTCQB: HLIX), High Tide Inc. (CSE:HITI) (OTCQB:HITIF), House of Jane, Province Brands of Canada, MJ Freeway, Tauriga Sciences (OTCQB: TAUG), United Cannabis Corp. (OTCQB: CNAB), and Vireo Health (OTC: VREOF).

“FSD Pharma, a spotlight presenter, is endemic of the exciting opportunities in the market. They are a Canadian licensed producer developing cutting-edge technology and conducting research related to the treatment of chronic pain, fibromyalgia and other medical conditions that are typically treated with pharmacological applications,” noted Todd Markey, director of investor relations at MjMicro.

“There are over 400 cannabis-related public companies in the market today, and we project that anywhere between 100 and 200 others will get listed in the next 24 months,” stated Jage. “There has been a race for cannabis companies to access the public capital markets, but the industry lacks the access to institutional capital that you would expect in such a fast-growth industry. This event provides the solution on both sides of the table.”

MjMicro is scheduled to be held four times a year with events in New York, Beverly Hills, West Palm Beach and Seattle. MjMicro is produced by MjLink.com Inc., which is a wholly owned subsidiary of Social Life Networks (OTC: WDLF).

To learn more about MjMicro Conference or to request an invitation to attend, sponsor or present, please visit https://www.mjmicro.com.

About MjLink.com Inc.

Social Life Network (OTC: WDLF), a cloud-based social media and social network technology company based in Denver, Colorado, announced on Sept. 25, 2018, that the Company had spun its cannabis technology division out of the parent company and incorporated MjLink.com Inc., a Delaware Corporation, as its wholly owned subsidiary. MjLink operates as a multinational cannabis technology and media organization with two separate social networks: WeedLife.com, a consumer-to-consumer network; and MjLink.com, a business-to-business social network. On April 4, 2019, the president of MjLink, George Jage, announced the launch of a new division of the Company that is focused on providing the industry with best-in-class financial, B2B and B2C cannabis-centric events that complement the Company’s global social networks.

For more information about Social Life Network and to download the MjLink Investor Deck, visit https://social-life-network.com

Disclaimer

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. No information in this press release should be construed as any indication whatsoever of the Company’s or MjLink’s future financial results, revenues or stock price. There are no assurances that the Company will successfully take MjLink.com, Inc public. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. The relationship between Social Life Network and the other companies mentioned currently does not extend beyond inviting them to send representatives to speak at the MjMicro Conference.

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Hemp Companies Move to Tackle CBD Shortfall

CannabisNewsWire Editorial Coverage: A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve.

Cultivation supplies company Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) has acquired several other suppliers, allowing it to benefit from economies of scale. Canadian cultivator Tilray Inc. (NASDAQ: TLRY) is investing heavily in new growing space. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has expanded from Canada into the United States and is collaborating with other companies to meet demand. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has received a substantial inflow of funds from a tobacco company and is investing some of it in R&D. Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB) is focusing on growing high-quality hemp to supply a range of novel products.

To view an infographic of this editorial, click here.

Demand for CBD has soared thanks to consumer interest.
Legalization nationally in the United States through the farm bill has led to more cultivators and a rising demand for cultivation supplies.
Companies are rising to meet these supply challenges through expansion, consolidation and innovation.

CBD and the Challenge of Demand

The ability to meet customer demand is one of the fundamental challenges for any industry. If businesses can’t keep up with demand, they don’t just miss out on an immediate opportunity for profit, they risk losing the attention of customers in the long term.

For a relatively new product such as CBD, that problem is particularly acute. Though demand for the product is currently high, the industry is not well established, making it critical that companies reinforce customer habits through supplying the products they’re seeking. Being new, however, makes the supply problem particularly challenging, as production techniques and supply pipelines are not fully developed for massive consumption. The future of the industry will depend upon which companies are able to meet this demand and how they do it.

The CBD Boom

The CBD industry has seen a staggering boom in the past. This growth has created opportunities for companies such as brand expansion and acquisition firm Sugarmade Inc. (OTCQB: SGMD), which is making a strong play into the sector, as well as new companies focused purely on CBD.

The demand for CBD is easy to explain. Recent research into its uses has suggested that this naturally occurring compound can be useful in a range of health and well-being roles, including managing pain and helping users to relax. This compelling research has naturally drawn the attention of customers seeking new options to improve the way they feel, especially those consumers who prefer to avoid heavily processed chemicals.

Publicity around CBD has further raised demand. Some of this attention comes from emerging CBD companies, whose marketing efforts have raised the profile not just of their own brands but of the sector as a whole. Additional exposure has come from the battle to make hemp cultivation legal across the United States. Because hemp provides most of the available CBD, this process also brought hemp production into the public spotlight. Companies such as Sugarmade found their businesses attracting far more attention — so more demand.

This demand culminated with the passage of the 2018 Farm Bill. Signed into law just before Christmas, the bill legalized the production of hemp on a national level. This makes hemp production a far more straightforward and reliable source of income, and will allow more farmers to benefit from a profitable cash crop. As companies rush to enter the sector or expand production in response to the bill, demand for the services and equipment they need has soared. As a provider of the hydroponic cultivation supplies on which many hemp farmers depend, Sugarmade and its pending acquisition subsidiaries — AthenaUnited.com and Zenhydro.com — has found itself swamped with orders.

Shortage of CBD

This surge in demand following the farm bill has created an undeniable opportunity within the CBD sector — along with a challenge. Fortunately for Sugarmade, it’s a challenge that they appear to be instrumental in solving.

Hemp cultivators are currently unable to provide the volume of plants that customers want. One of the reasons is that the cultivation, processing and supply systems simply aren’t large enough. The CBD industry was already on an expansion path as it tried to meet growing demand before the farm bill. Now with that demand growing further, it’s going to take time and a big push to achieve what people are after. Making an industry legal doesn’t make it magically appear.

Then there’s the unreliability of the CBD levels in hemp. The chemical content of the plants is small and hugely variable. Relatively small shifts in the makeup of a crop can have a significant impact on how much CBD is produced.

Cultivating larger, more reliable crops is vital to the future of the industry. Manufacturers are eager to rise to that challenge. However, to do so they need to get the supplies to get them off the ground, including hydroponic systems, feed chemicals and the clippings, or clones, from which much hemp is grown.

Looking at the effect of this shortage in just one state, Sugarmade CEO Jimmy Chan was optimistic about the effect on his company. “With at least 42,000 acres of hemp expected to be planted in Kentucky and considering an average plant density per acre of well over 1,000, farmers in Kentucky will need hundreds of millions of clones over the coming years,” he said. “When these numbers are multiplied over the many other hemp cultivation states, it is easy for anyone to see the strong demand scenario that is quickly developing.”

Responding to the Shortage

To meet the demand for CBD, hemp cultivators will clearly need to improve both the quantity and the quality of their crops.

It’s easy to see how an increase in quantity will have knock-on effects for suppliers such as Sugarmade. The company’s pending acquisition subsidiaries AthenaUnited.com and ZenHydro.com are seeing orders for their cloning supplies skyrocket, with backorders building up as they rush to meet unprecedented demand.

The search for more reliable levels of CBD is also contributing to this demand. Hydroponic systems give cultivators control over the growing process. By experimenting with hydroponics and controlling the light, plant food and environment, cultivators can find ways to grow plants with predictable and higher levels of CBD. This experimentation will create even more demand for hydroponic materials. Sugarmade should be central to the improvement of these processes.

To provide supplies as efficiently and profitably as possible, Sugarmade has gone through a period of expansion, acquiring other companies in the hydroponics and CBD sector. This model of consolidation is being repeated across the industry as businesses seek efficiencies of scale.

“Sugarmade plans to integrate these businesses fully as soon as is possible, making us one of the larger suppliers to this growing marketplace,” stated Chan. “Additionally, we are in process of vetting other possible acquisitions to further enhance our portfolio of hydroponic and cultivation supply products. We are certainly excited about our prospects for the remaining part of this year and into next year.”

Expanding Potential

Sugarmade isn’t the only CBD-related company using acquisitions to expand potential. Canadian company Tilray Inc. (NASDAQ: TLRY) has undertaken a series of acquisitions, including Manitoba Harvest, the world’s largest hemp foods company, to strengthen its position in hemp. The company has responded decisively to the recent supply shortage in hemp and related plants in North America, in part by investing $32.6 million to significantly expand it production space across three sites, increasing its cultivation and manufacturing footprint by nearly 20%.

Another of the big Canadian companies, Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has opted into investing south of the border thanks to the farm bill. The company has set up a hemp-growing facility in New York state and acquired another hemp company, AgriNextUSA. Canopy Growth has also been collaborating with other CBD and related companies to boost their shared output. One collaboration with PharmHouse has seen Canopy Growth provide high-quality genetic stock to PharmHouse’s growing facility. In return, Canopy Growth will benefit from an offtake agreement to obtain flowers from the plants PharmHouse is growing.

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has benefited from attention on the sector through a huge injection of outside cash. Tobacco giant Altria has agreed to invest C$2.4 billion in Cronos Group, providing the company behind Marlboro with a way into a new sector. Fittingly, Cronos Group is investing some of its funds in a new R&D facility that will work on vaporizer products. Vaping has become a popular way of consuming CBD, so the investment may allow Cronos to benefit from the market from multiple angles.

American CBD producer Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB) has been using proprietary genetics to work toward the goal of high-quality, low-cost hemp. The company has also been creating innovative new products to make use of the growth in CBD. Its recently expanded pet line offers the promise of calming dogs and easing joint pain brought on by age.

Rising demand for CBD has created a challenge, but it’s a challenge that smart companies are definitely ready to meet.

For more information on Sugarmade, visit Sugarmade Inc. (OTCQB: SGMD)

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420 with CNW – Health Canada Changes Tactics in a Bid to End Cannabis Shortages

Tired of the endless cannabis shortages which have threatened to hand the legal cannabis industry back to the black market, Health Canada has come up with a new way to increase how soon a newly licensed cultivator can start growing cannabis.

The solution that Health Canada wants to start implementing entails giving production licenses to entities which already have a cultivation facility ready.

This means that companies which want to grow cannabis will have to first construct the greenhouses they intend to use so that the facilities can be ready for inspection by Health Canada. Facilities which pass the inspection can then be licensed to start operation immediately.

This new approach is likely to favor the bigger players at the expense of smaller entities which want to enter the cannabis cultivation space.

For example, Aphria has been waiting for its new Ontario-based cultivation site to be approved by Health Canada for more than a year. If this new rule had been in place from the very start, Aphria would have started cultivation long ago, thereby getting a head-start in the market while other entities without ready grow facilities play catch up.

The key question is, will this change in the regulatory approval process bring the cannabis shortage to an end?

The realistic answer is that the move will have a very small difference in fixing the problems causing marijuana shortages in Canada. For example, one of the reasons for the persistent shortages is that it has been difficult for harvested marijuana to be processed and packaged due to a shortage of packaging materials which meet the strict requirements set by Health Canada.

Many cultivators have cannabis which cannot be released onto the market because it hasn’t been packaged in a way that complies with the Cannabis Act. Speeding up how soon a licensed firm starts growing cannabis will not fix this packaging nightmare.

Another reason why switching to licensing cultivators who already have grow facilities may not solve the supply shortages is the red-tape at Health Canada. Many entities have been waiting for over a year to have their license application considered even without the requirement to have ready cultivation facilities. It is hard to imagine how the processing of applications will miraculously speed up just because Health Canada now says they will give priority to applicants with cultivation facilities already set up.

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and Net Element Inc. (NASDAQ: NETE) look forward to the time when Health Canada fixes all its internal issues which have played a part in perpetuating the cannabis shortages in the country.

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420 with CNW – 38 Attorneys General Urge Congress to Open Banking System to Marijuana

Thirty-eight attorneys general have written a letter to Congress asking the lawmakers to pass legislation which will enable the banking industry to receive money from legitimate marijuana businesses. The attorneys general are from different states and territories where marijuana is legal in some form.

While more than 33 states have legalized medical marijuana and 10 states plus the District of Columbia have legalized recreational cannabis, the federal government still regards marijuana as an illegal substance. This federal government position means that banks face a risk of federal enforcement action if money from the cannabis industry finds its way into any bank.

Consequently, most banks have been reluctant to accept marijuana companies as clients, and those that do charge high fees which make it very costly for cannabis businesses to access the most basic of banking services.

The attorneys general say this situation has created a public safety nightmare since the large amounts of cash held by cannabis businesses are an attractive target to criminals. They therefore call on Congress to pass the SAFE Banking Act or any other similar legislation so that the $8.3 billion cannabis industry can be admitted into the banking system.

Once all this money goes through banks, it would be easy for tax authorities to trace it in order to confirm that the cannabis companies are paying taxes as they should. Public safety will also be enhanced because the chance of robberies will have been reduced if cannabis businesses aren’t holding a lot of cash in their premises.

Towards the end of March this year, the Financial Services Committee of Congress advanced the SAFE Banking Bill and it now has 175 bipartisan co-sponsors.

The letter from the attorneys general shows how much support such a practical requirement attracts from state authorities who are at the forefront of this legal gray area in which legitimate cannabis businesses are entitled to all services like other businesses but federal law looks at them as pariahs.

Insiders say that the major stumbling block to the enactment of the SAFE Banking Act seems to be the senate leadership that don’t see the matter as a priority even if the bill may have sufficient votes to pass.

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) and MustGrow Biologics Corp. hope that the voices of different groups, such as the attorneys general, finally get Congress and the Senate to pass this commonsense law to allow states to make and enforce their own marijuana laws, which include giving banks assurances that they will not be sanctioned for working with the legal marijuana industry.

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420 with CNW – China Reaps from Cannabis Industry Boom

Look around your home and nearly half (or even more) of the products you see may have been made in China. Now China has jumped into the fray and it is bringing loads of CBD to the market in cosmetics, ingestible oil and other products.

This boom is largely centered in just two of China’s 34 provinces. These provinces are cultivating the plants even if Chinese law is very strict on psychotropic drugs, with death sentences routinely handed out to drug traffickers.

Hanma Investment Group is one of the first companies that secured a license to grow cannabis in Southern China in 2017. The CBD extracted is marketed outside China in balms, oils and sprays.

Hanma Investment Group has a subsidiary that is cultivating industrial hemp on more than 1,600 acres in Yunnan Province.

For thousands of years, hemp and marijuana were widely grown across China for making ropes, fabrics, paper and for medicinal purposes until the People’s Republic of China was founded and clamped down on the plant in 1949.

Hemp was also outlawed in 1985 when China signed the UN Convention on Psychotropic Substances despite hemp having just trace amounts of THC.

It is only recently (2010) that China softened its stance and allowed Yunnan province to resume growing hemp for textiles, especially for making uniforms for the People’s Liberation Army.

The exploding interest in CBD around the world has made Yunna Province to add oil extraction to the growing list of products for which hemp is grown. This booming industry has breathed new life into the economy of Yunna since farmers can earn much more from growing hemp ($300 from an acre) when compared to growing other crops, such as rapeseed or flax.

Yunna Province now has four companies that have, in total, opened more than 36,000 acres of land for hemp cultivation.

The other province which is reaping from hemp is Heilongjiang Province. Other provinces are catching on and plans are underway to license companies to start growing hemp in more regions of China.

The announcements that different companies have started growing hemp have caused such a stir on the stock exchanges that regulators were forced to intervene and stop trading in the shares of those companies.

Chinese companies are also aggressively staking their claim on the U.S. hemp landscape. For example, Hanma Investment Group has acquired a CBD extraction plant in Las Vegas, Nevada, and it has also set its eyes on Canada as well.

The 2018 Farm Act removed hemp from the list of controlled substances and it is now an agricultural commodity like any other within the U.S. The onus is now on U.S. companies to take full advantage of this legal reform so that China doesn’t muscle out local players in the CBD industry. Marijuana Company of America Inc. (OTCQB: MCOA) and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) hope that U.S. companies are up to the challenge so that foreign firms don’t dominate the local CBD market.

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420 with CNW – Ontario Cracks the Whip on Retailers Who Failed to Open on Time

The government in Ontario has enforced the penalties which were written into the conditions for the businesses that were selected to open the first offline cannabis retail stores. The businesses were mandated to open for business by April 1 this year.

Hundreds of companies applied for brick-and-mortar recreational cannabis retail store licenses. However, the province decided to use a lottery to select just 25 businesses because of the persistent supply shortages in the country. The regulators felt that it would be pointless to license many businesses yet those businesses could not be certain that they would have access to inventory to remain operational.

While the method to select which businesses would receive the first set of licenses was rather unorthodox, there was nothing lax about the stringent conditions which were given to the successful applicants.

One of those conditions required each applicant to provide a $50,000 letter of credit to be entered in the draw. Money would be drawn against the letter of credit as a penalty based on how late that business was in opening its doors to the public.

The first installment of penalties was imposed on the businesses which didn’t open by April 1 and more money was drawn against the letters of credit of the entities which hadn’t opened by April 15.

It should be noted that less than half of the 25 licensees opened by the deadline set by the provincial government.

The recent announcement by the Ontario Alcohol and Gaming Commission that a final draw down was made against the letters of credit of seven businesses which failed to open by April 30 means that the affected businesses have lost the entire $50,000 indicated in the letter of credit.

It isn’t yet clear whether the provincial government is entirely blameless in these delays to open. For example, was the time given to the businesses to meet all the licensing requirements, such as obtaining approval from the local authorities where the businesses wish to operate sufficient, or the province was unrealistic in the deadlines set?

The reality dawning upon those who wish to run cannabis businesses in Ontario is that no one will be spared if they aren’t serious about making use of the license given to them. Ontario means business on matters of recreational cannabis!

Hemptown USA and Green Hygienics Holdings Inc. (OTCQB: GRYN) sympathize with the entrepreneurs who have lost their entire $50,000 letters of credit and hope that there is a mechanism for them to plead their case before the regulators if there were genuine unavoidable reasons for the delay in opening shop.

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420 with CNW – Data Confirms that Cannabis Sales Were Boosted on 420

Data collected shows that cannabis sales were higher on 4/20 in line with the predictions that had been made regarding the effect of the marijuana “holiday” on sales. Headset, a cannabis industry analysis company, had initially predicted a 100 percent increase in sales on that day.

The data that they collected shows that marijuana sales on 4/20 actually exceeded what had been predicted since sales increased 128 percent when compared to the volume of sales registered on the previous four Saturdays.

The report released by Headset also shows that the “eve” of 4/20 was also good for cannabis retailers since sales increased by 27 percent when compared to the sales of the previous four Fridays. Historical data shows that Fridays are normally good days for cannabis businesses, so the fact that this particular Friday happened to be the “eve” of 4/20 provided an added reason for marijuana users to open their wallets.

The report released by Headset was based on real-time data collected via the POS (point-of-sale) systems of cannabis retailers who agreed to link their systems to the data analytics system of Headset.

In terms of sales data from different states, shoppers in Maryland spent the most on cannabis on 4/20 because the average shopper spent approximately $105 before tax on that day. Shoppers in Oregon spent the least amount on that day, with the average amount spent by each buyer totaling just $36. More mature cannabis markets like Colorado and Nevada saw the average expenditure being about $50 while this figure jumped to $76 when the data on the largest marijuana market in the world (California) was analyzed.

In terms of experience level, just 25 percent of buyers where beginners while the majority of the people who bought cannabis on 4/20 were intermediate users of pot.

Two-thirds of marijuana shoppers on the holiday were people aged between 21 and 34 years of age. Senior citizens (aged 55 and above) only took 4 percent of the population of cannabis shoppers on that day.

More than half of all cannabis buyers bought cannabis flower while a third of the buyers purchased cannabis concentrates. Marijuana edibles completed the list of the products most bought on 4/20.

A further analysis shows that the most popular items on that day were the products that could be consumed as soon as a shopper left a dispensary or retail outlet. Cannabis beverages therefore registered a 136 percent growth rate when compared to other products.

Global Payout Inc. (OTC: GOHE) and Geyser Brands Inc. (TSX.V: GYSR) are pleased to learn that the findings of the sales data on 4/20 shows that despite increasing legalization across the U.S., cannabis hasn’t lost its novelty among buyers.

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420 with CNW – Georgia Governor Signs Cannabis Oil Bill

Gov. Brian kemp has signed a bill that will make it possible for licensed entities to produce and distribute oils and other products which have limited amounts of plant-derived THC.

House Bill 324 also lays the ground for the establishment of a commission to regulate and oversee the production, manufacture and dispensing of products having the specified amounts of THC to patients who have been registered to receive those products.

Under the bill which has now been signed into law, the state will cooperate with Georgia University to manufacture THC-infused extracts and oils. A maximum of six cultivators will be licensed to operate within the state, according to the new law.

Medical marijuana was legalized in Georgia in 2015. However, the law which legalized this form of medicine didn’t establish mechanisms through which qualifying patients could access low-THC cannabis oils and extracts.

The latest law is intended to fix that shortcoming so that patients can access state-regulated cannabis oils and extracts instead of merely taking comfort in a law which allows them to use these products yet no system is in place to avail the permitted products.

Currently, about 9,500 patients have been approved to use medical cannabis oil. The law sets a possession limit of 20 fluid announces of medical cannabis oil whose THC concentration doesn’t exceed 5 percent.

A registry card issued by the Georgia Department of Public Health protects members of the public from being arrested and prosecuted for possessing a controlled substance.

The state has a small number of patients on its medical marijuana program because Georgia enacted a highly restrictive medical marijuana law.

Under the law, medical marijuana cannot be used in leaf or edible form as is the case in nearly all other jurisdictions where medical marijuana is legal. Vaporization of cannabis oil is also banned in the state.

Additionally, Georgia doesn’t give physicians the right to prescribe cannabis oil to patients. Instead, the physician simply fills a patient certification form confirming that the patient has one of the 17 qualifying conditions, and then the physician and the patient sign a waiver form before the patient certification form is mailed to the Department of Public Health for consideration.

It remains to be seen whether the enactment of the law facilitating the manufacture and sale of cannabis oil will result in an increase in the number of people who apply for the Low THC Oil Registry Card.

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Golden Developing Solutions Inc. (OTC: DVLP) hope that Georgia will enact other reforms soon so that its medical cannabis program expands to the level that other states have reached.

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420 with CNW – New Zealand Releases Details of Cannabis Legalization Referendum

The government in New Zealand has released details of how a referendum will be conducted in 2020 on the legalization of recreational marijuana. The plan was released by Andrew Little, the Justice Minister, in a press release.

The three parties which make up the current government agreed on the basic elements of the plan through which recreational marijuana use will be regulated, taxed and commercialized for adults 20 and above. The outcome of the vote will be binding, so voters shouldn’t have any fears that the government will not implement the decision of the people.

In the proposal, people will be allowed to grow a limited number of cannabis plants and licenses will be issued to places where recreational consumption can be done outside the privacy of people’s homes. Marijuana advertising will be highly restricted as well.

For the voters to make a decision, the referendum question needs to be as clear as possible so that if approval is given, voters know what legalization model they have voted for. This will prevent the lack of clarity on how to implement the decision of voters as is playing out in Britain after voters approved Britain’s exit from the EU but how to implement that decision has proved to be more divisive than the referendum on Brexit.

Andrew Little revealed that the cabinet decided to hold the referendum on full legalization because simply decriminalizing recreational cannabis would not provide the public health safeguards the country needs in order to protect the youth and help those who are addicted.

The minister also outlined the primary and the secondary objectives of the legalization bill which will be formulated so that voters decide based on the contents of that draft bill. These objectives include disempowering the illegal cannabis trade, ensuring cannabis product safety through the control of THC concentrations, and fiscal sustainability.

The legalization plan outlines the timelines for different activities which will be done in the run up to the referendum in 2020. These activities include inter-party consultation, receiving and analyzing feedback from stakeholders about the legalization model and voter education about the entire legalization plan after all the relevant documents have been printed and disseminated widely across the country.

If recreational marijuana is finally legalized through the referendum, New Zealand will be the first country in the world to legalize adult-use marijuana through a referendum. Uruguay and Canada took a legislative route.

ChineseInvestors.com, Inc. (OTCQB: CIIX) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) applaud the government in New Zealand for taking the time to formulate a detailed plan through which the people will be asked to make an informed decision about recreational cannabis. All that is left is to implement the plan and respect the decision made by the voters.

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420 with CNW – Michigan Retailers Ordered to Only Stock Cannabis from Licensed Growers

Michigan has been struggling to get a handle on the illegal cannabis market and their latest action has seen them instruct medical marijuana provisioning centers to stop accepting cannabis grown by caregivers and instead only accept supplies from growers licensed by the state.

LARA (Licensing and Regulatory Affairs) also says that caregiver growers can start selling cannabis to the licensed growers and processors, but the caregiver growers will have to meet the cost of testing their cannabis before the licensed processors and growers can accept it.

Rejecting the cannabis grown by caregivers is just another twist in the regulatory chaos as the state struggles to move from a largely informal industry to a regulated one. Their efforts in this direction have been met by legal challenges initiated by the unlicensed cannabis businesses which the regulators wanted to close.

Judge Stephen Borrello of the Court of Claims has variously described what the regulators are doing as “freakish or whimsical.” The Judge has so far made several rulings against LARA, the most recent being one in which unlicensed dispensaries can continue operating for 60 days after LARA has rejected their application for a license.

During that court session, the judge gave the regulators the liberty to decide whether caregiver growers could continue supplying medical cannabis to dispensaries. The regulators promptly acted on that and issued their guidelines barring caregiver growers from taking their cannabis to dispensaries.

This action by LARA has stirred what is an already sour relationship between the “corporate cultivators” and the caregiver cannabis growers. The caregiver growers see the large corporate cultivators as being only interested in making profit at the expense of patients while the big growers see caregiver growers as people who supply cannabis of questionable quality to undercut their profits.

Those accusations have some basis, because some of the cannabis from caregiver growers has tested positive for mold, E-coli, Salmonella and other contaminants. Nonetheless, consumers prefer the cannabis from caregiver growers because it is more affordable and is in tune with the needs of patients.

Critics of the action taken by LARA now say that the caregiver growers are simply going to start supplying the unlicensed sellers, to the detriment of the legal cannabis industry since these products will not have to undergo the costly testing processes required in the regulated market.

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and Cannabis Strategic Ventures, Inc. (OTC: NUGS) hope that the regulators take well-considered decisions so that the medical cannabis industry in Michigan can finally stabilize.

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