Category: CannabisNewsWire Release

420 with CNW – Documentary About Medical Cannabis Benefits Released

A new film focusing on how medical cannabis has helped children suffering from cancer has been released. The film is titled “Weed the People”.

Abby Esptein, the director of the movie, said that the purpose of the film was to address the stigma directed at medical marijuana.

The documentary shows babies whose lives are literary fading away as a result of undergoing chemo and other conventional forms of cancer treatment. However, the use of medical cannabis transforms the lives of those babies and saves many of them from imminent death.

The movie traces the journey of different parents who are battling to access medical marijuana in order to save their kids’ lives from the ravages of cancer.

The timing of the movie seems to have been perfect given that the FDA recently approved a cannabis-derived drug for the treatment of epilepsy. Such regulatory approval seems to go against the long-held attitude towards cannabis as something that doesn’t possess any medical value.

Rickie Lake, the producer of “Weed the People” says cannabis was a medicine for thousands of years and it has only been a restricted substance for about 80 years. That restriction was the result of people being brainwashed to abandon the use of a plant with nearly countless benefits, the producer added.

The filmmakers revealed that their project has been in the making for the past five years, so no one should imagine that the film was motivated by the recent wave of public opinion in favor of medical marijuana.

They hope that the film will provide the missing link which will convince the general public about the usefulness of cannabis. They also hope that the movie will help to propel understanding of medical cannabis, and possibly address the opioid epidemic in the country.

In the film, parents choose medical marijuana instead of prescription meds. The results show how right those parents were since their kids improve remarkably while they are on medical cannabis treatment.

The producer of “Weed the People” says that her interest is to create awareness about the different treatment options available to patients. Whether or not those patients opt for medical marijuana is of little interest to her as long as any decision that a patient or caregiver makes is an informed one.

After watching the stories of the approximately half a dozen children on medical marijuana, one is left asking himself or herself why the American federal government is so opposed to legalizing a substance which is having such untold benefits to kids with cancer. You can bet your last dollar that Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and Plus Products Inc. (CSE: PLUS) are asking themselves that same question.

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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 – Why US Cannabis Companies Are Listing in Canada

Over the coming months and years, more and more U.S. cannabis companies are likely to move north in order to list on stock exchanges in Canada. Many short term and long-term interests are driving this move.

First, Canada recently legalized recreational cannabis years after medical cannabis was permitted in that country. This means that the uniform laws in Canada make that country more attractive (for now) than the U.S. where marijuana companies operating in legal states must constantly look over their shoulders in fear because the federal authorities can take action against them for violating federal laws.

Legitimate cannabis companies in the U.S. constantly feel hunted and moving to Canada can provide some reprieve from the legal issues back home.

The legal issues in the U.S. also make it nearly impossible for cannabis companies to access banking services. Companies conduct all their transactions using cash, and it is hard to find where to keep all that money.

The Canadian environment allows marijuana companies to access some measure of banking services although the bigger banks that have an international presence still keep cannabis businesses at arm’s length due to fears about possible complications in the U.S. and other countries where marijuana is illegal.

Another reason that is driving U.S. marijuana companies across the border to the north is the friendlier listing requirements in Canada when compared to the conditions in the U.S.

For example, only companies that are valued at more than $100 million in publicly held securities can apply to list on the New York Stock Exchange (NYSE). NASDAQ accepts companies whose pre-tax income has been at least $11 million for three years in a row.

Those strict conditions make it hard for marijuana companies to list as soon as they would want in order to access financing to grow and consolidate their positions in the market.

In contrast, the TSX exchange requires a company to have books of accounts that show that the company had at least $300,000 as their pre-tax income the year before they apply to list. Of course there are other conditions, but the income/company valuation differences show how friendlier the stock exchanges in Canada are.

Furthermore, the stock exchanges in the U.S., such as the NYSE, don’t have many purely cannabis businesses listed (partly because of federal laws). Biopharmaceutical companies like GW Pharmaceuticals are the ones one is likely to find on those exchanges. This limits the opportunities for serious market activity for the industry.

Canada has numerous cannabis businesses traded publicly. This provides a vibrant market for companies which want to benefit from the capital that can be got when companies are listed.

As you can see from the factors above, the exodus of U.S. cannabis companies into Canada is likely to continue until conditions back home improve and open that potentially bigger market. Net Element (NASDAQ: NETE), NUGL Inc. (OTC: NUGL) and other companies with interests in the marijuana sector can only hope that the U.S. market opens up sooner.

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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 – Colorado Jury Rejects RICO Act Claim Against Marijuana Company

A few days ago, we reported about a landmark case in Colorado that had the potential to set a precedent that could have huge implications for the cannabis industry across the US. In that lawsuit, a couple sued a marijuana grow facility for making the plaintiffs’ property “lose value” due to the smell coming from the indoor cultivation facility.

That case was the very first of its nature to reach a jury and the entire cannabis industry watched with bated breath to see what decision will be made once the hearings end and the jury retires to make its verdict.

The defendant had planned to use property rate valuations as proof that the claim was unfounded since the state kept collecting higher taxes from that neighbor’s property due to the property’s increase in value despite the presence of the indoor grow in the area.

The case was heard and the jury withdrew to consider the evidence and arrive at a decision. In less than half a day, the verdict was ready and the plaintiffs’ claim was dismissed.

It is unlikely that the couple will appeal the federal court’s decision in a higher court since they stand a minimal chance of succeeding after this decision.

Industry watchers and the legal fraternity have said that the Colorado decision may have poured water on any other individuals or groups that were planning to target cannabis companies using the anti-racketeering laws of the mafia era.

In fact, three other lawsuits of the same nature are still pending in Oregon, Massachusetts and California. It isn’t known how many other copycat lawsuits would have been filed if the events in Denver had gone against Parker Walton’s cannabis grow facility, but chances are high that opportunistic law firms would have egged on many property owners to file cases.

The jury’s verdict has therefore put a dampener on all those who were harboring thoughts of shifting their attack against the cannabis industry to another front.

However, the risk of lawsuits still remains since there is a mismatch between the laws in states where marijuana is legal and federal laws that regard cannabis as a Schedule 1 substance (no medical use but a high likelihood of being abused). It is also very expensive to defend against such lawsuits, and Walton may have ended up losing his business if the jury had ruled against him.

Other companies in the industry, such as Marijuana Company of America Inc. (OTC: MCOA) and Medical Cannabis Payment Solutions (OTC: REFG) may be celebrating the verdict from Denver, but other threats to the industry still remain.

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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 – Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) Details Plans for Cannabis Device-Focused Subsidiary

Progressive medical device technology company Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) recently detailed its plans to incorporate a 100 percent wholly owned subsidiary to hold device-related technology for the application or use of medicinal or recreational marijuana, including its previously-detailed pain relief device and all related intellectual property. Per the update, Therma Bright has reviewed several device delivery systems for cannabis in recent weeks, as well as personal home growing systems in the wake of Canada’s mid-October legalization of recreational cannabis. The company’s management team expects to review these devices and shortlist the top acquisition opportunities after completion of due diligence. Therma Bright plans to hold the cannabis-related device acquisitions in the newly-formed subsidiary and will provide shareholders with updates on these opportunities when material information becomes available.

To view the full press release, visit http://cnw.fm/6wyQw

About Therma Bright Inc.

Therma Bright is a progressive medical device technology company focused on providing consumers with quality medical devices that address their dermatological needs. Clear and healthy skin for all is at the core of the Company’s philosophy as is the belief that such outcomes should not be a privilege for only those who can afford costly procedures and treatments. The Company’s breakthrough proprietary technology delivers effective, non-invasive and pain free skin care. For more information, visit the company’s website at www.ThermaBright.com

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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 – Mexico Could Soon Legalize Recreational Marijuana

As the U.S. is still grappling with how to deal with the legalization of recreational cannabis in Canada, its challenges are likely to increase if what is happening in its other neighbor’s legal system results in the legalization of recreational pot.

Last week, the Supreme Court in Mexico made two rulings to the effect that it was unconstitutional to prevent adults from consuming marijuana if they so wished. The cases that resulted in those rulings had been filed by individuals who were challenging the constitutionality of stopping them from consuming recreational marijuana.

The court observed that adults have the right to choose whether or not to consume cannabis, so it is improper to deny them that right.

Between 2015 and 2017, three similar rulings were made by the Supreme Court, which is the highest court in Mexico.

The court ruling also indicated that the right isn’t absolute, so the state still has the mandate to restrict the exercise of that right. Individuals must therefore argue their case before the judicial system in order to get express permission to consume a restricted substance.

However, the previous three rulings on the subject now bring the total number of similar rulings by the Supreme Court to five. Under Mexican law, any subject that accumulates five similar rulings in the Supreme Court sets a precedent which all the other courts must follow.

In effect, that means that no court will be able to object to anyone who applies to start consuming recreational marijuana. The bigger implication is that the way has been cleared for recreational marijuana to be legalized since the legislators cannot leave such an issue unregulated now that the Supreme Court has made five rulings in favor of the complainants who challenged the constitutionality of the criminalization of adult-use marijuana.

A similar scenario played out over same-sex marriages. The Supreme Court made five rulings allowing gay couples to wed so it was no longer possible for such a marriage to be blocked through judicial means. However, no law has been passed as yet to regulate same-sex marriages.

Recreational marijuana is different in that the way may have been opened for thousands or even millions of people to apply to the courts of law in order to be allowed to consume recreational marijuana. Such a possibility can choke the legal system, not to mention the public health and safety concerns that may arise when such a large number of people is allowed to consume recreational marijuana in the absence of any laws to regulate such consumption other than the requirement that the individuals don’t sell the substance.

It is therefore likely that the country’s legislative body (congress) will soon draft a law to regulate recreational marijuana. Medical marijuana became legal in 2017, so it isn’t as though drafting laws on marijuana will be a new thing for the legislators.

It remains to be seen how the U.S. will respond to the legalization of recreational marijuana by all its neighbors. Already, the government has been fighting the smuggling of marijuana from Mexico. Companies with interests in the marijuana industry, such as GreenBox POS, LLC (OTC: GRBX) and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) may be pleased that additional markets will soon open and increase their opportunities.

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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 – Study Explains Why Cannabis Affects Men and Women Differently

A recent review of animal studies has found that the differences in the way men and women are affected by marijuana aren’t just a social or cultural construct. The review found that those differences are rooted in biology (the differences between the genders).

The findings of the review appeared in the journal Frontiers in Behavioral Neuroscience. The review explored the relationship between sex hormones like estrogen (estradiol), progesterone and testosterone on the endocannabinoid system in the body. That endocannabinoid system has similar (cannabinoids) chemicals to those found in cannabis.

The researchers found that males are more likely to try marijuana and also use higher doses of the substance. This can be attributed to the male sex hormone (testosterone) which encourages risky behavior.

Those same male sex hormones also suppress the reward system of the brain. This explains why higher doses may need to be consumed to get the same effect as the person felt upon first consuming the substance.

The suppressed reward system explains why men often take longer to get hooked on a substance. In contrast, women try smaller doses but get hooked faster than their male counterparts do.

Women have more cannabinoid receptors in their brains than men do. The receptors are concentrated in the areas of the brain which control the filtering of sensory input sent to the brain, body movement and social behavior. Women are therefore more likely to exhibit signs of being under the influence of cannabis when compared to men.

It was also found that the consumption of cannabis and other psychotropic substances often triggers the production of more estradiol in women. This triggers the urge to consume more cannabis or whatever substance has triggered the production of estradiol. Addiction is the result of that cycle.

The researchers found that the number of cannabinoid receptors in the brain of females increases as the individuals age. Increasing age has been correlated to high estrogen levels in women, so this finding isn’t different from what has already been known about the hormonal system of women.

Dr. Liana Fattore, the co-author of the study, remarked that detoxification programs need to be customized for the different genders if success rates are to increase. The measures to prevent a relapse into substance abuse should also be tailored to the needs and risks of each gender.

The study authors also called for further research to be conducted to get a better understanding of the source of the differences in the way men and women respond to cannabis. Cannabis companies like Golden Developing Solutions, Inc. (OTC: DVLP) and Green Hygienics Holdings Inc. (OTC: GRYN) appreciate the work done by scientists to help society understand how and why cannabis affects the body.

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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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Investors Flock to Cannabis Market as Business Booms

CannabisNewsWire Editorial Coverage: As the cannabis industry sees its profits and legitimacy rise, the market potential is drawing increased attention from big investors.

  • The U.S. and global cannabis sector is seeing great growth, lifted by the success of medical and recreational cannabis and legalization in Canada.
  • This is drawing in previously reluctant investors as companies become listed on stock exchanges.
  • Greater integration within the sector is both a symptom of and a support for this cannabis boom.

Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) shows this integrated approach, bringing together cultivation, product sales and personnel services for the cannabis industry. Tilray, Inc. (NASDAQ: TLRY) is working across borders on international research to create better cannabis-based medicines. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has benefited hugely from the surge in investor attention, receiving billions in investment from the beverage sector. CBD products are allowing parts of the cannabis sector to achieve widespread acceptance, thanks to the work of companies like Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB). All of this means a rise in sales for suppliers of hydroponic equipment such as GrowGeneration Corp. (OTCQX: GRWG).

Cannabis’s Money Problems

The legal cannabis industry is one of the newest in the world and one weighed down with a great deal of baggage. Decades in the legal wilderness have tainted the public image of the drug, leaving many potential customers and investors with a negative knee-jerk reaction to the sector and its products. Even now, as legal cannabis becomes more common on a state-by-state basis, the U.S. industry is held back by lingering federal laws enacted as a result of the war on drugs.

This has created challenges for cannabis companies in search of finance. Both the legal restrictions in the United States and historical prejudice against the industry have made it hard to find mainstream investors. But with the market expanding and profits rising significantly year on year, that looks set to change.

The Signs of Change

In the United States, the cannabis industry is taking off in a big way. California is the largest of the nine state-sized markets for recreational cannabis, so it makes sense that the state has become home to many of the companies working in the sector, such as Cannabis Strategic Ventures (OTC: NUGS). But the seeds for the rise of these companies lie elsewhere.

The first signs of the huge potential for a legal cannabis market came in 1996, when California passed Proposition 215, the first law making medical cannabis legal in a U.S. state. The medical market quickly took off, with legal companies moving into a business previously owned entirely by criminals, while other states considered such legislation of their own. Just over 20 years later, 31 states have legal medical cannabis markets, and a whole host of companies have sprung up to cater to them. Knowledge of cannabis’s benefits has also grown swiftly, thanks to these companies’ research efforts.

But the biggest bellwether for growth in the recreational market has come from north of the border. This October, Canada became the first G8 country to legalize recreational cannabis on a national level. The result is a tightly regulated and quickly growing industry that is setting an example for the rest of the world.

That example holds out great promise for the likes of companies such as Cannabis Strategic Ventures. Cannabis Strategic Ventures has taken a portfolio approach to the cannabis sector, developing a range of brands covering areas such as cannabis oil, concentrate extraction services, staffing for the cannabis sector, and most recently cannabis cultivation itself.

The industry is growing quickly, with analysts predicting that it will reach $65 billion by 2023. That’s creating plenty of space for companies such as Cannabis Strategic Ventures to grow. It’s also drawing the attention of investors.

The Rise of Cannabis Investment

The cannabis industry didn’t initially attract a lot of funding from investors. The potential of cannabis as a legal market was unclear, and it came with risks thanks to the drug’s illegality at a federal level. Investors couldn’t yet see much potential for profit, and they were wary of throwing their financial lot in with such a dubious group.

Now, however, the market has had time to mature. The sector isn’t just a handful of cultivators and retailers trying to work on an untested business model. There are specialist cannabis tech firms, research outfits and umbrella companies such as Cannabis Strategic Ventures. It’s looking more and more like a conventional market sector — though a market sector subject to staggering growth.

The result is a growing surge of investment. Since January this year, U.S. cannabis companies have raised more than $8.2 billion of investment, while their Canadian cousins raised $2.2 billion in October alone.

Getting listed on a stock exchange is invaluable to a getting a company’s stocks in front of powerful investors and thus raising additional funds. Larger cannabis companies are looking at moving from the Toronto exchange to the New York Stock Exchange, the largest stock market in the world, while others such as Cannabis Strategic Ventures are preparing for their first listings.

Investors are more prepared now to take a chance on the cannabis market. Stock exchange presence will allow cannabis companies to tap into that potential and so to take a stronger place in a fast-growing market.

A Fractured Industry

The American cannabis industry is a fractured one. Without the well-established business relationships and support structures of longer-standing sectors, many of the pieces are small and disjointed. Progress has been driven primarily by small startups.

The same moment of maturity that has brought the recent wave of investment has also brought the seeds of change for the industry’s structure. Some companies are using mergers and takeovers to build bigger businesses focused on particular parts of the sector, benefiting from the efficiencies these acquisitions bring. Others are diversifying to create companies with greater reach across the sector and even potential to take it to new places. Cannabis Strategic Ventures, for example, is expanding its product lines to include beauty products even as it adds cultivation to its portfolio for greater vertical integration.

Within the industry, one of the big fractures in the United States is that between the different states. With cannabis still illegal under federal laws, businesses have to operate within the borders of individual states with their own local regulations. Though some companies have operations in several states, it’s not yet possible to create a properly integrated national operation, at least in part because of states where the drug remains entirely illegal. But with the White House hinting at potential reform, this is something that could change over the next few years. While politicians respond slowly to public and investor demand for a more efficient and integrated cannabis sector, it’s the companies that are leading the way.

An Industry Coming Together

Despite the limitations they face, cannabis companies are finding ways to come together and cooperate, both within the United States and across international borders.

Tilray, Inc. (NASDAQ: TLRY), a leading medical cannabis company, is supporting research work beyond the borders of the United States. As a supplier of materials for clinical trials in Canada and Australia, Tilray working with other research-oriented companies to increase understanding of the effects of cannabis and develop better treatments based upon it. These could be invaluable in treating such problems as chemotherapy-induced nausea and childhood epilepsy. And while the work has an invaluable humanitarian element, it’s also appealing to investors who recognize the profits present in the pharmaceutical industry.

Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) is one of the great investment success stories. One of Canada’s largest cannabis companies, it has attracted several billion dollars of investment from Constellation Brands, an American drinks manufacturer. This represents an interesting twist on integration within the cannabis industry, with an alcohol company looking to get involved in other recreational chemicals. Tobacco companies have been taking a similar interest in cannabis, and the industry may one day bleed over into one or both of these related sectors.

Already connected into the cannabis industry is industrial hemp, a form of cannabis that doesn’t get users high. Recent years have seen a surge in sales of cannabidiol (CBD) products, which use a compound extracted from industrial hemp. Companies such as Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB) have had huge success is developing and marketing CBD-based health and wellness products. These products are gaining mainstream acceptance, with Charlotte’s Web getting its products into three thousand outlets.

The success of cannabis growers and retailers has been a boon for companies providing the products and services they need. GrowGeneration Corp. (OTCQX: GRWG), which supplies hydroponic systems and nutrients used in growing cannabis, has seen a massive rise in sales off the back of legalization initiatives. The company’s sales went up by 80 percent in 2017, and it has acquired several smaller companies to help it make the most of this surging demand.

Greater investment helps companies to achieve these successes, which in turn draw in greater investment. As more cannabis companies hit the big stock exchanges, the industry looks set to see its growth continue.

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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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

420 with CNW – Using Your Credit Card to Buy Pot in Canada Could Affect Your US Admissibility

Canadians who are queuing to buy recreational marijuana may be unwittingly making it harder to be allowed to travel to the U.S. if the federal government in America doesn’t soften its hard stance on the marijuana industry.

This concern takes on greater importance given that federal agents at entry points have the leeway to perform any background check necessary before admitting someone into the country. Those background checks can include looking into how someone has been using his or her credit cards.

People who have bought cannabis using their credit cards therefore face the risk of being denied entry into the U.S. since the authorities there may view them as individuals who are connected to an illegal industry (even if marijuana is legal in Canada for both medical and recreational use).

The possibility of having your credit card history reviewed may increase in case the CBP (Customs and Border Protection) agents ask a traveler about cannabis and they have reason to suspect that the person isn’t being truthful in his or her responses.

Canadians shouldn’t imagine that the sheer numbers of people traveling across the border to the South is so high that it may be practically impossible for the border agents to look at everyone’s credit card history. It is possible, and you may be that one person who is singled out for such a background check.

The Canadian province of Ontario currently only allows residents to use their MasterCard or Visa cards to buy recreational cannabis online. This means that the people in this province are at a higher risk of being in the crosshairs of the American border agents if credit card purchases are ever looked into before one is allowed to cross into the U.S.

Don’t rely on the words of comfort coming from the different tech giants like Google, Amazon and Microsoft saying that they will protect the data of Canadians. The Patriot Act can be invoked to compel those companies to release any information that the US government requires in its bid to keep the homeland secure.

Over time, the position of the US is likely to evolve in order to accommodate its neighbor since keeping all Canadians involved in the cannabis industry as workers, investors or consumers out of the country may end up hurting the US. Until that time comes, one should use his or her credit card for making marijuana purchases only when it is unavoidable. Even Americans who cross into Canada and buy cannabis using their credit cards may be affected later on even if the border agents cannot stop them from returning home.

The fears resulting from differences in the laws governing marijuana in different jurisdictions also give cannabis companies like ChineseInvestors.com (OTCQB: CIIX) and FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) major headaches that they would wish to see end sooner rather than later.

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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 – International Cannabis Alliance Formed to Enhance Industry Collaboration

The International Cannabis Alliance (ICA or InterCannAlliance) has been formed to foster collaboration between the marijuana industry players in the different regions of the world, such as Latin America, Africa and the Asia-Pacific regions.

The formation of this new group was spearheaded by New Frontier Data and CannaTech. New Frontier Data is a global authority on data and analytics for the cannabis industry. CannaTech has carved out a name for itself for advocating for cannabis education and connectivity across the world.

The objective of forming ICA was to inform and educate thought leaders and players in the cannabis market about effective, responsible and transparent practices that those in emerging markets should copy from the more developed cannabis regions like North America (Canada and parts of the US in particular).

The speed with which new cannabis products are being taken to the market raises concerns that mistakes may be made when industry growth is so fast in regions that don’t have any experience in the different aspects of the cannabis industry. InterCannAlliance hopes to share the lessons that various regions have learnt so that the emerging markets/regions avoid making any mistakes that may have already been made and corrected in other regions.

ICA also plans to share any expected opportunities in the cannabis industry so that participants can plan how to take advantage of those opportunities.

Each region is different in terms of the challenges that it is likely to face when embracing cannabis. For example, the Africa region may face challenges of obtaining funding and technical expertise while the Asia-Pacific region may not have a problem getting manpower with the required technical expertise.

ICA intends to engage the players in the different regions so that ways around those unique problems can be found.

The International Cannabis Alliance will be holding symposiums in the different regions to foster its objectives and mandate.

The first of those symposiums will be held in Latin America next year (2019). The one-day event will only be open to those who have been invited to attend.

Different entities will be in attendance to deliver keynote addresses about different aspects of the industry. For example, Hoban Law Group will discuss cannabis regulation while SteepHill Labs will talk to the invitees about laboratory testing of cannabis and cannabis products.

The cannabis industry has been fragmented for too long. For example, marijuana companies in US states that have legalized medical or recreational marijuana are compelled to be involved in the entire cannabis value-chain (breeding, cultivation, processing and sometimes distribution) since cannabis cannot cross state lines. Such fragmentation stands in the way of unified growth in the industry.

The ICA initiative is therefore a welcome development since it will save different regions and players from trying to reinvent the wheel and yet they can build upon what has already been done elsewhere.

Earth Science Tech, Inc. (OTCQB: ETST), Global Payout, Inc. (OTC: GOHE) and other marijuana companies definitely welcome any attempt to unite the players in the cannabis industry so that they can work together for the benefit of the people they serve.

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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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As the Cannabis Industry Grows, So Do Challenges of Supply and Distribution

CannabisNewsWire Editorial Coverage: The cannabis industry is seeing repeated waves of growth, creating challenges for supply and distribution.

  • Currently worth over $7 billion, the cannabis industry is expected to exceed $65 billion in the next five years.
  • This growth is creating challenges for supply and distribution, as companies struggle to meet surging demand.
  • The passing of the 2018 U.S. Farm Bill will allow for further growth, adding to the cannabidiol (CBD) supply.

SinglePoint, Inc. (OTCQB: SING) (SING Profile) is one of the companies tackling distribution problems through the establishment of an online store selling CBD products. Tetra Bio-Pharma, Inc. (TSX.V: TBP) (OTCQB: TBPMF), a medical cannabis company, is expanding into the leisure market with a hemp-based energy drink. Luxury consumer products company American Premium Water Corp. (OTC: HIPH) is tapping into a similar market with CBD-infused water. The Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FIRE Profile) just launched 7ACRES, an exclusive brand of high-end cannabis flower. And through its focus on research, Insys Therapeutics, Inc. (NASDAQ: INSY) is exploring the use of cannabis to tackle anxiety, autism, and early psychosis.

To view an infographic of this editorial, click here.

Can Cannabis Live Up to Expectations?

After decades exiled to the criminal economy, cannabis is finally finding a place in mainstream business. Liberalizing attitudes, especially in North America, are driving a change in the plant’s legal status. First as a medical drug, then as a recreational one, and finally as a wide range of derivative products, cannabis is turning into big business.

For cannabis users and patients hoping to benefit from it, this is an historic moment. As celebrations around recreational legalization in Canada showed, there’s huge excitement about what the future brings for cannabis fans. Those high hopes come with high expectations, with consumers queueing up to buy their first legal weed, and many expecting to have access to a regular supply from the moment legalization reaches their country or state. But the reality is more complicated, and if the legal industry is to succeed in drawing business away from criminal dealers then it will need to rise to the challenge of meeting uncertain and possibly unrealistic demand.

Cannabis Comes Out of the Shadows

Right now, cannabis is big business. Companies such as SinglePoint, Inc. (OTCQB: SING) are building entire strategies around selling hemp-derived CBD, derivative products, and the support systems needed by cannabis retailers. It seems extraordinary that, only 22 years ago, there was no legal cannabis industry.

Starting in 1996, individual American states began legalizing the use of cannabis for medical purposes. At the time, this was a rare and controversial novelty, tied to the plant’s potential to tackle both pain relief and the high-profile problem of nausea from cancer treatment. In less than a generation, that first drop in the ocean has become a rising tide that looks set to wash away cannabis’s illegality. Thirty-one U.S. states now allow the sale of cannabis for medical purposes. Nine of those states, along with Uruguay and Canada, allow the sale and consumption of cannabis for recreational purposes. Other countries are taking steps towards joining them.

The market isn’t just about straightforward cannabis. Industrial hemp, a form of cannabis that doesn’t get users high, is being used to produce products containing cannabidiol (CBD). Outlets such as SinglePoint’s SingleSeed.com are selling everything from muscle salves to beard oils infused with CBD. CBD is reaching places that more familiar cannabis products can’t.

As a result, SinglePoint’s products are now part of an industry worth billions of dollars. The global market for legal cannabis was worth $7.7 billion in 2016, and it keeps growing, with analysts predicting a value of $65 billion by 2023.

The Challenge of Distribution

This astounding forecast presents a great opportunity for cannabis companies, but it’s not without its problems. Given that there was no cannabis industry two decades ago, there has been an impressive rush to create infrastructure from scratch. Each new burst of growth generates demand for swift innovation, including the establishment of fresh supplies and distribution systems, an area in which SinglePoint specializes.

The challenges of this were well demonstrated when Canada legalized recreational cannabis on October 17. Some licensed shops were unable to obtain supplies of cannabis for days on end and had to turn away customers. In Ontario, no licensed dispensaries are expected until April, and the government store faced more demand than it could possibly handle. Even big companies faced supply chain issues and an uncomfortable few weeks of business. Unable to obtain the cannabis they had been told would be theirs, customers headed back to the black market.

With demand for both cannabis and CBD products rising, but patterns of demand still uncertain, companies are looking for flexible ways to reach their customers. Approaches such as SinglePoint’s online SingleSeed store offer a way to quickly reach a large number of customers, without the geographical limitations of brick and mortar stores. The company has been negotiating additional distribution contracts, as the industry rushes to catch up with customer demand.

Innovative use of technology will be crucial in creating smoothly running, adaptable supply channels. While also applicable to other sectors, SinglePoint’s LastMile delivery platform and SingleCoin digital wallet offer the types of solutions that could make the process of selling cannabis and CBD simpler. With access to an innovative electronic payment system and a delivery product targeted at small and medium businesses, retailers will be able to get started more quickly, serving customers in under-served markets. Technology won’t magically make the sector’s problems go away, but it will make it easier to face them.

More Growing Pain to Come

It’s important for the industry to get solutions such as LastMile into place now, because there are signs that another growth spurt is coming.

Throughout the summer, U.S. politicians have been discussing the 2018 Farm Bill, a wide-ranging bill that will establish U.S. agricultural policy for the next few years. The bill includes a measure that would legalize the growing of hemp, which federal authorities currently only allow in research and test crops. This could lead to potentially huge growth in the production of CBD, tackling some of the supply and demand issues. Though the Farm Bill is currently stalled, it will be a high priority for many politicians after the mid-term elections. And while there is dispute between Republicans and Democrats over other parts of the bill, there is cross-party agreement on the hemp measure.

The passage of this legislation will be good news for SinglePoint and other sellers of CBD products. Researchers at Brightfield Group predicted a doubling in the size of the CBD market to $1 billion from 2017 to 2022, and farmers are eager to grow hemp as a high-value cash crop. Though it will take time to ramp up production, companies that already have distribution infrastructure will be well-positioned to make the most of this growth.

Seizing the Potential of CBD

With the cannabis and CBD market growing, companies are moving fast to create a range of products for the health, well-being, and recreational markets.

Tetra Bio-Pharma, Inc. (OTCQB: TBPMF) is primarily working in medical cannabis. The company is working with drug regulators on pharmaceutical trials to better understand the effects of cannabis and its medical use. In particular, it is working on the use of cannabis to manage chronic pain as a healthier alternative to the opioids currently causing health problems across the United States. Tetra is also using its cannabis expertise to move into the broader CBD sector, offering products such as a hemp-based energy drink, for which it has recently signed a major distribution deal for both U.S. and Canadian markets.

A diversified luxury consumer products company, American Premium Water Corp. (OTC: HIPH) is developing health and beauty products using biotech. American Premiums is using this technology to help the body absorb CBD, courtesy of its Lalpina CBD water. This puts the company at the forefront of development of cannabis-based drinks, which are set to become an important part of the industry. Allowing consumers a more sociable way of consuming cannabinoids, food and drink have the potential to make cannabis and CBD as mainstream as alcohol.

The Supreme Cannabis Company (TSX.V: FIRE) (OTCQX: SPRWF) (FIRE Profile) established 7ACRES as the first licensed producer focused on growing high-quality cannabis in high quantities. Last month, Supreme announced that its initial 7ACRES product was available exclusively online through Canada’s provincially regulated adult-use channels. The full line of 7ACRES products will be available soon both online and in brick-and-mortar stores.

A specialty pharmaceutical company focused on cannabinoids and novel drug delivery systems, Insys Therapeutics, Inc. (NASDAQ: INSY) is involved in several studies with the University of California San Diego School of Medicine. Covering issues such as anxiety, autism and early psychosis, these studies are exploring the untapped potential of CBD. If they prove successful, then the market could see it used in treating a wide range of health problems.

Many companies are working in the cannabis sector and so are now relying on suppliers to tackle problems of distribution and supply. Fortunately, other companies are rising to the challenge, allowing this new industry to sustain its extraordinary growth.

For more information on SinglePoint, visit SinglePoint, Inc. (OTCQB: SING)

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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