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420 with CNW — Arizona Residents May Soon Be Able to Purchase Recreational Marijuana

Residents of Arizona who are 21 years or older may soon be able to purchase cannabis, after state health officials revealed that they would begin issuing licenses for recreational marijuana sales.

Existing medical cannabis dispensaries will be the first stores able to sell cannabis and recreational cannabis products such as gummy edibles. Some of these businesses stated last week that they were awaiting online approval from state regulators so they could begin selling their products to individuals who possessed an ID issued by the state. A Department of Health Services spokesman stated that as of Tuesday, Jan. 19, 40 medical dispensaries had submitted their applications to sell recreational cannabis.

The unexpected change of heart with regard to licenses by the state has afforded the businesses that did apply for licenses a competitive advantage, considering that nearly two-thirds of dispensaries in Arizona are yet to make or submit their applications. Raúl Molina, senior vice president of operations at the Mint Dispensaries, which is among the operations that have already submitted applications, stated that the company was prepared to start sales as soon as it received approval.

Molina explained that the company had stocked up on childproof packaging, purchased an extra 800 pounds of cannabis in anticipation of a growth in demand, and submitted the documents required by the state for his employees to work in a recreational cannabis dispensary. Molina added that he had allotted registers for medical cannabis patients, which would prevent them from being displaced by new recreational cannabis consumers.

Voters of Arizona approved Proposition 207 last year during the November elections. The measure’s approval legalized the possession and use of cannabis in the state. The proposal also permitted the state’s operating medical cannabis dispensaries to apply for licenses to sell their products to individuals aged 21 and above, instead of only those who possessed a medical cannabis card issued by the state.

The state is required to issue recreational licenses to any medical dispensary that has complied with regulations within 60 days of receiving the application. In fact, business owners will not even have to wait that long. This is because the Department of Health Services sent an email to dispensaries on Friday stating that it was excited to establish the adult-use cannabis program and noting that adult sales would start this month.

Consumers should note that they will be expected to pay in cash, as a majority of dispensaries will be operating on cash-only basis because of bank restrictions. Additionally, while medical cannabis patients can receive their purchases delivered to them from various dispensaries, recreational purchases currently have to be made in person.

Away from the expected recreational cannabis sales in Arizona, California-based CannAssist International Corp. (OTCQB: CNSC) has brought to market proprietary technology that enables it to lower the needed dosage of CBD products since the molecules of cannabidiol are altered to increase their bioavailability.

NOTE TO INVESTORS: The latest news and updates relating to CannAssist International Corp. (OTCQB: CNSC) are available in the company’s newsroom at https://cnw.fm/CNSC

About CNW420

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

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420 with CNW – Could Marijuana Odor Control Technology Be the Next Big Thing?

If you’ve ever interacted with marijuana, then you know it has a very distinct, very identifiable smell. Whether it’s still in the ground or being smoked, marijuana produces a strong, pungent smell that’s sure to turn heads, especially given the legal landscape. If you are growing industrial hemp, which smells just like marijuana but won’t get you high, you may find yourself nursing losses due to thieves who think it is cannabis or even worse, facing federal charges from law enforcement who have confused it for cannabis.

So why does cannabis produce such a strong smell? The answer lies inside it, from a class of chemicals called terpenes or terpenoids. Different varieties of cannabis contain varying concentrations of terpenes, and they are responsible for the spectrum of smells cannabis plants are known to produce. But while these aromas may be welcoming to some folks, the nascent cannabis industry and the industrial hemp industry have had to deal with lawsuits and complaints about marijuana’s smell.

The wine industry, for instance, has complained that the smell coming from large scale marijuana farms are changing the smell and flavor of their wines. In 2015, a 10th Circuit Court in Colorado ruled in favor of a family who complained about the “noxious odors” coming from a cannabis venture next door. They said the pungent smell damaged their property value and the court agreed, allowing them to sue for triple damages under federal racketeering law. This set a precedent that private citizens could use federal law to topple locally licensed cannabis businesses due to the plant’s distinctive smell, and there were similar lawsuits in Oregon and Massachusetts.

This is an issue that could potentially cripple the nascent marijuana and industrial hemp industries before they have a chance to grow. A single plant can produce an odor strong enough to be smelt from meters away, so you can imagine what a farm or a warehouse full of marijuana will smell like. Although plenty of states have legalized cannabis for either medicinal or recreational use, it is still federally prohibited, and the last thing you want to be facing as a marijuana farmer is federal charges.

As more states legalize marijuana and advocates and lawmakers push for federal legalization, finding a way to contain marijuana’s infamous smell will be integral to the industry’s survival. And as the industry is expected to be worth $73.6 billion by 2027, whoever does it will be in for a memorable payday.

What measures would companies like Pure Extract Technologies Inc. recommend for managing marijuana odors? That is the million-dollar question!

About CNW420

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

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CannabisNewsBreaks – Round Meadow Holdings Corp.’s Budtender Awards Recognizes Brandon Scott

Round Meadow Holdings’ (“RMH”) Budtender Awards today named Brandon Scott as 2019 Mastermind Winner. The update reads, “Our 2019 Mastermind winner was Brandon Scott of Mission dispensary in Chicago… He is know-it-all, in the most likable and essential way possible. He is an expert with next-level knowledge and expertise in all aspects of the cannabis industry from strains to terpenes to vapes to edibles & dosing etc!’”

For more information, visit www.BudtenderAwards.com.

About Round Meadow Holdings Corp.

Round Meadow Holdings is a professional organization that represents accountability, delivering business solutions created exclusively for the expanding cannabis industry. A synergistic portfolio of cannabis service companies, RMH is dedicated to supporting the competitive cannabis landscape and its participants as the industry evolves and faces historic growth spurts and challenges. For more information, visit the company’s website at www.ROMHCorp.com.

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

About CannabisNewsWire

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

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CannabisNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Announces Results from 2020 Annual and Special Meeting

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), a global innovator in drug delivery platforms, today announced the results of the 2020 Annual and Special Meeting (the “Meeting”). According to the update, the Meeting was held at 1:00 p.m. (Pacific Time) on June 23, 2020, whereby there were 47,819,789 shares of the Company represented in person or by proxy, constituting 53.38% of the Company’s issued share capital as at May 13, 2020, being the record date of the Meeting. All of the proposals are described in detail in the Company’s proxy statement filed with the Securities Exchange Commission via Edgar and with the BC Securities Commission and Ontario Securities Commission via SEDAR on May 25, 2020.

To view the full press release, visit http://cnw.fm/d1Q8f

About Lexaria

Lexaria Bioscience Corp. is a global innovator in drug delivery platforms. Its patented DehydraTECH(TM) drug delivery technology changes the way Active Pharmaceutical Ingredients enter the bloodstream, promoting healthier ingestion methods, lower overall dosing and higher effectiveness for lipophilic active molecules. DehydraTECH increases bio-absorption; reduces time of onset; and masks unwanted tastes for orally administered bioactive molecules including cannabinoids, vitamins, non-steroidal anti-inflammatory drugs (“NSAIDs”), nicotine and other molecules. Lexaria has licensed DehydraTECH to multiple companies in the cannabis industry for use in cannabinoid beverages, edibles and oral products; and to a world-leading tobacco producer for the development of smokeless, oral-based nicotine products. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 16 patents granted and over 60 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

About CanadianCannabisWire

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

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420 with CNW – Illinois Weed Shops Grapple With Staff Shortages Amidst High Product Demand

Apart from the weed shortage in Illinois, marijuana shops are also experiencing a shortage of state-approved employees who can work behind the counter since the sale of marijuana was launched on January 1.

Due to a current marijuana shortage, some of the marijuana shops selling adult-use marijuana have closed shop or reduced their sale hours. Others, such as Cresco Labs and PharmaCann, closed their shops on Monday to give their employees a much-deserved break after working five days of long shifts. The shops did not close due to the weed shortage.

On Saturday, the spokesman for Cresco Labs, Jason Erkes, said that the company leaders were working cash registers because they did not have enough employees.

On New Year’s Day, the CEO of Green Thumb Industries, Ben Kovler, was working behind the counter at the company’s Rise dispensary located in Mundelein.

Before the launch of marijuana sales on January 1, marijuana shops knew they had to increase their workforce to manage the enormous number of recreational customers. However, many of the employees have not been able to start working because the Department of Financial and Professional Regulation in Illinois has not issued them with the required identification cards.

On Wednesday, the Illinois Department of Financial and Professional Regulation issued a statement saying that it had issued approximately 2,000 marijuana dispensary agent cards. The department received an influx of new applications from people looking to work in the recreational industry ahead of January 1, when the program was set to be launched.

The department is working round the clock to make sure that they are within the statutorily mandated timeframe in processing the applications. The Department Of Financial and Professional Regulation is performing background checks on all the applicants to ensure that they meet the licensing requirements.

Although marijuana companies are reluctant to criticize the IDFPR, they have discussed the staffing challenges with the state officials.

Marijuana companies are extra strict on security because of the fears expressed by the lawmakers about crime associated with the illicit marijuana market industry. The shortage of state-approved marijuana employees has been a challenge since the onset of marijuana sales in Illinois.

A cannabis industry veteran from the state of Colorado who has been involved in the marijuana business in several other states, Kayvan Khalatbari, said that in Ohio, it could take nearly two months before the state approves an employee. He further noted that since the launch of marijuana on January 1, employees have been working crazy hours, and marijuana shop owners have been seen doing jobs they are not used to. This has contributed to the slow turnaround time for serving customers, which has been a real hindrance to businesses.

Experts say that for the sake of stability and future growth of the Illinois weed industry, companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) are hoping that the employee and product shortages are resolved soon so that consumers aren’t forced to resort to the illicit market.

About CNW420

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

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

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expanding CBD Market Presence Domestically, Internationally

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) is advantageously positioned to take advantage of the surging popularity of CBD. The company recently entered the Canadian market and plans to expand its network to include additional international markets. An article discussing the company reads, “As a result of various retail collaborations and strategic partnerships, Wildflower Brands’ CBD products are now available at 600 locations across America, including in over 260 Dillard’s department stores (http://cnw.fm/gf9JZ). The initial purchase ordered enabled company products to reach several new states, according to Wildflower Brands CEO William McLean. . . . Wildflower products are also available at 100 Earthbound Trading locations nationwide, 20 premium health and wellness stores throughout Manhattan, as well as wellness guru Joel Warren’s Saks Fifth Avenue salon (http://cnw.fm/ph2eW).”

To view the full article, visit http://cnw.fm/FEpV5

About Wildflower Brands Inc.

Headquartered in Vancouver, British Columbia, Wildflower Brands is a company building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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