CannabisNewsBreaks – Fibonacci Brands Announces Acquisition of Darwin as Its Foundation Brand

Fibonacci Brands, a trusted player in the rapidly expanding international cannabis industry with a vision to create a house of world-class brands, today announced its acquisition of Darwin from Harvest Health and Recreation as its foundation brand. “We are thrilled with the opportunity to execute the vision of Darwin: to reintroduce humanity to cannabis, with integrity, so everyone can ‘Enjoy with Confidence,’” said Fibonacci Brands founder James George in the press release. “We thank everyone who has supported Darwin over the years, and we are excited to evolve our products to make Darwin even more accessible to the cannabis community.”

To view the full press release, visit http://cnw.fm/tvN9F

About Fibonacci Brands

Deriving its name from a mathematical principle that underlies the structure and beauty of nature, Fibonacci Brands’ vision is to craft an international house of brands that delivers the myriad benefits of cannabis. Its purpose-based brands will all share Darwin’s established integrity; however, they will be inspired by different insights. Darwin, the company’s foundation brand, offers Caramel Hard Candies, Seriously Good Gummies and award-winning vapes. All products span three “series” — Origin, Evolution and Voyager — that tailor dosing for the canna-curious, confident consumer and the cannasseur. Darwin won Best Vape at the Errl Cup and Best CBD Edible at the 710 Cup. Its brand icon — a lifelike lion named Darwin dressed in a vintage suit — is becoming a recognized feature at industry events. For more information, visit www.DarwinBrands.com.

About CannabisNewsWire

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

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HempNewsBreaks – Cannabis Global Inc. (CBGL) Announces New Hemp You Can Feel(TM) Sweetener Product Line

Cannabis Global (OTC: CBGL), a cannabinoid and hemp-extract, science-forward company developing infusion and delivery technologies, is introducing the industry’s first no-taste, nonclouding, chemical-free hemp product line. CBGL’s revolutionary Hemp You Can Feel Sweeteners is the first hemp and cannabinoid-rich offering that delivers sweetening for both beverages and food in a cloud-free, 100% water-soluble format. The product contains no  chemicals, additives, or GMOs. Using unique noninfused honey-bee hemp and cannabinoid technologies, the innovative product line fills consumer demand for all-natural options. Cannabis Global will begin shipping Hemp You Can Feel Sweeteners to customers next week. “Just over a year ago, we analyzed the available water-soluble food and beverage hemp infusion technologies and were unimpressed with the options,” CBGL CEO Arman Tabatabaei stated in the press release. “Most clouded beverages tasted simply horrible and the vast majority used unhealthy and unnatural chemicals. With the limited options, we set out to develop something better. We have succeeded well beyond our expectations!”

To view the full press release, visit http://cnw.fm/C1SUA

About Cannabis Global Inc.

Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission. The company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp- and cannabis-infusion technologies. The company does not engage in the production, distribution or sales of any controlled substances, including marijuana. CBGL has an actively growing portfolio of intellectual property, having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel brand name. Cannabis Global launched its Project Varin early in 2020, designed to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid. For more information about the company, visit www.CannabisGlobalInc.com.

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

About HempWire

HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.

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CannabisNewsAudio – Pac Roots Cannabis Corp. (CSE: PACR) Employs Cutting-Edge Genetics to Deliver Premium Products

CannabisNewsWire Editorial Coverage: As the cannabis industry matures and is again heating up — a recent eye-popping report by Data Bridge Market Research projects that the global legal marijuana market will explode to more than $90 billion by 2027. Companies operating in the sector are looking to capitalize on opportunities the multibillion-dollar space offers. Recognizing the often submarginal quality of available product as well as high cost of development and land acquisition, Pac Roots Cannabis Corp. (CSE: PACR) (PACR Profile) utilizes state-of-the-art genetics to ensure premium-quality products. Using science and key strategic partnerships, Pac Roots intends to eliminate the quality and cost barriers to success and carve what could be profitable niche in a booming market. Canopy Growth Corporation (NYSE: CGC) continues expansion of its Canadian operations while Cronos Group Inc. (NASDAQ: CRON) has officially entered the Israeli medical cannabis market with the sale of its dried flower products. Aphria Inc. (NASDAQ: APHA) has also entered the Israeli market with its recently announced supply agreement with Canndoc, and Organigram Holdings Inc. (NASDAQ: OGI) has launched Trailblazer Snax, the largest cannabis-infused chocolate bar in Canada.

To hear the AudioPressRelease, visit http://cnw.fm/XHwyi

To view the full editorial, visit http://cnw.fm/dfp4F

About Pac Roots Cannabis Corp.

Pac Roots is focused on delivering the finest genetics to Canadians. Preserving the excellence of its elite strains while introducing the highest quality of new strains to the public is the company’s passion. The foundation, based on genetic variation and stability, drives the decision making for Pac Roots Cannabis Corp.’s business. For more information about the company, visit www.PacRoots.ca.

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

About CannabisNewsAudio

CannabisNewsAudio, a service of CannabisNewsWire (CNW), allows you to sit back and listen to market updates, interviews and company press releases. CannabisNewsAudio keeps you informed on publicly traded companies we’re watching. The audio clips provide snapshots of position, opportunity and momentum. CannabisNewsAudio is a complimentary service of CannabisNewsWire.

For more information, visit www.CannabisNewsAudio.com.

About CannabisNewsWire

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

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420 with CNW – Data Suggests Colorado Marijuana Users are Transitioning from Consumers to Patients

Six years after Colorado legalized adult recreational use of cannabis and amidst the largest health and economic crisis in a century, the state’s cannabis industry is flourishing. June saw recreational marijuana shops sell more than $155 million worth of cannabis products, a 6% increase from the $149,186,615 worth of cannabis products sold in May. July was even more profitable with the state reporting $42 million in medical marijuana revenues and $164.2 million from recreational marijuana for total monthly sales of $206.7 million.

Colorado is representative of the entire country’s cannabis industry: it was declared essential at the start of the coronavirus pandemic and has weathered the storm surprisingly well. While most industries were affected by the resultant economic crisis, cannabis has consistently broken sales records month after month, providing states much-needed tax revenue. As the coronavirus started spreading, experts predicted that the worsening economy and reduced disposable income would push cannabis consumers to the illicit market.

Additionally, they predicted that recreational users would try to reduce their monthly spending by obtaining medical marijuana cards that would enable the purchase of similar cannabis products at a significantly lower sales tax rate. As a medical marijuana card can generally be obtained without much difficulty, this was entirely plausible. Based on data collected in the months since, it seems the market is indeed moving from recreational to medical use.

The medical market was seeing stunted growth before COVID-19 but recent sales data shows that trend is reversing. Benzinga reports that “since the pandemic, we note an uptick in cardholder counts coupled with a sharp increase in monthly spending. This trend could also suggest that existing cardholders are spending more for resale into the ‘gray market’ (purchased in the legal market, sold in the illicit market).”

Colorado boasts one of the country’s oldest and most stable cannabis industries and it may set a precedent for other states with legal cannabis programs. “As the bellwether for the U.S. cannabis industry, Colorado could be an indicator of similar trends experienced in other recreational use markets. Cannabis regulations and disclosures vary by state and with a 6-plus year experience of regulating a dual market, we think Colorado could serve as an indicator of similar trends experienced in other U.S. bifurcated markets.”

However, Benzinga notes that as the medical and recreational scenes coalesce into a single, larger market, the trend will fade with more growth coming from the recreational market. “With the imminent end of federal prohibition, we recognize that this shift could prove inconsequential as the medical (as defined today) and recreational use markets combine into one substantially larger market (medical use will be redefined and recalibrated with precise dosage, efficacy, etc. similar to other health/wellness products).”

These are interesting developments that sector players like Sugarmade, Inc. (OTCQB: SGMD) are most likely going to analyze carefully.

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 – Affordable Deals Drive Ohio Residents to Michigan to Purchase Medical Marijuana

Michigan has a new consumer market: Ohio’s medical cannabis patients and no, it’s not because their marijuana is better or of a higher quality. Only because it’s cheaper. Marijuana card holders from Ohio have revealed numerous times that they only travel to the cannabis clinics up north in Michigan to save money.

One medical marijuana patient recently stated in an interview that most Ohio clinics charged double the price that dispensaries in Michigan did. Another cannabis card holder, George McClure, admitted to going to Michigan dispensaries as they were far cheaper, even after factoring in the amount he’d spend to pay for gas to and from Michigan. He added that he signed himself up for text notifications that would inform him when Michigan cannabis clinics had sales, which would allow him to save almost 90% of what he’d pay in Ohio.

Most officials in Ohio’s medical cannabis industry hypothesize that once the cannabis industry in the state matures, the prices will decrease, making the herb more affordable to its consumers. State bodies who are tracking consumer costs support this notion.

It is estimated that approximately 9% of Michigan’s legal marijuana is sold to non-residents of the state, particularly individuals from Ohio and Indiana.

Michigan did have a head start though, seeing as they legalized medical cannabis over a decade ago and legalized recreational marijuana in 2018 for residents who are 21 years of age and above. Sales for recreational marijuana began in the state in late December of 2019.

This also makes Michigan a mature market in comparison to Ohio’s new market. However, buying medical marijuana in another state has its disadvantages. For instance, carrying cannabis across state lines, even legal cannabis, is illegal. Residents of Ohio can therefore, travel to Michigan and purchase the drug at any Michigan cannabis clinic of their choice but need to consume it before travelling back to Ohio.

Both states are however looking into an agreement that would allow cannabis cardholders who live in Ohio to purchase marijuana in Michigan and carry it back to Ohio. Nothing has been finalized though. Ohio issued a letter to medical cannabis cardholders that would allow them to bring cannabis products from Michigan for a period of 60 days after Ohio started a patient registry in 2018.

However, this appears not to apply to all Ohio residents who consume medical marijuana. Some residents of Ohio claim that prices in Ohio’s cannabis dispensaries are actually affordable. That is yet to be proven though.

It is such interstate activity that prompts analysts to think that sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) would be happier is the federal government legalized marijuana so that patients are free to buy and transport cannabis products anywhere around the country.

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 – Cannabis Is on the Ballot for Five More States This November

A recent CNN Business article by Alicia Wallace covers five additional states, including Arizona, New Jersey, South Dakota, Montana and Mississippi, where residents will vote on cannabis legalization this November. Following the 2016 “green wave,” as legalization measures passed in eight out of nine states in the U.S. election, the industry and its supporters are hoping for another big win. The article reads, “This year, voters in five states will decide whether to adopt either new medical or recreational cannabis laws – or, perhaps, both in the case of one state. As it stands now, 33 states have legalized medical cannabis, and of those, 11 states have legalized cannabis for adult recreational use.”

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

About CNN Business

CNN Business is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner’s Fortune and Money magazines. Since the spin-off of Time Warner’s publishing assets as Time Inc., the site has since operated as an affiliate of CNN. For more information, visit www.CNN.com/Business.

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 – Willow Biosciences Inc. (TSX: WLLW) (OTCQX: CANSF) to Webcast Live at Life Sciences Investor Forum

Willow Biosciences (TSX: WLLW) (OTCQX: CANSF), based in Vancouver, Canada, focused on manufacturing pharmaceutical-grade cannabinoids via synthetic biology, today announced that its president and CEO, Trevor Peters, will present live at LifeSciencesInvestorForum.com at 2:30 p.m. ET on September 17, 2020. Interested parties may register for and access the presentation at http://cnw.fm/aTrB8. Investors are invited to ask the company real-time questions at the live, interactive online event. An archived webcast will be available after the event for those unable to attend live on the day of the conference.

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

About Willow Biosciences Inc.

Willow is a Canadian biotechnology company based in Vancouver, Canada, that produces high purity, plant-derived compounds that provide building blocks for the global pharmaceutical, health and wellness, and consumer packaged goods industries. Willow’s current focus is in the production of cannabinoids for the treatment for pain, anxiety, obesity, brain disorders, among other significant indications. Willow’s science team has a proven track record of developing manufacturing technologies for high purity compounds in pain and cancer treatments. Willow’s manufacturing process creates a consistent, scalable and sustainable product that allows for the discovery and development of new life changing drugs. For more information, visit the company’s website at www.WillowBio.com.

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

About CanadianCannabisWire

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

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Receipt of Statement of Claim Relating to PharmHouse JV

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced its receipt of a statement of claim filed by 2615975 Ontario Inc., the company’s joint venture (“JV”) partner in PharmHouse Inc., concerning certain disputes relating to PharmHouse. According to the update, the claim makes a number of allegations against the company, Canopy Growth Corporation and TerrAscend Corp. and TerrAscend Canada Inc. (together, “TerrAscend”), including claims relating to bad faith, fraud, civil conspiracy, breach of the duty of honesty and good faith in contractual relations and breach of fiduciary duty, and claims relating to PharmHouse’s offtake agreements with Canopy Growth and TerrAscend. The company considers the claim as it relates to the actions of Canopy Rivers to be completely without merit and intends to vigorously defend its position at the appropriate time and in the appropriate forum.

To view the full press release, visit http://cnw.fm/lc7UW

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 18 companies across various segments of the cannabis value chain. Canopy Rivers believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging its industry insights, in-house expertise, and thesis-driven approach to investing, Canopy Rivers aims to provide shareholders with exposure to specialized and disruptive cannabis companies. The company’s mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with its portfolio, Canopy Rivers is helping build the cannabis industry of tomorrow, today. For more information, visit www.CanopyRivers.com.

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

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 Social Equity Applicants Want Marijuana License Lottery Delayed

It is widely known that the decades’ long war on drugs wreaked havoc on certain communities. In fact, when advocates started pushing for the decriminalization of marijuana way back, one of their biggest objectives was to help communities that had been adversely affected by the war on drugs. For most states that legalized cannabis, that included granting more cannabis dispensary licenses to minorities that qualified for social equity as well as expunging the records of those with marijuana-related charges.

Illinois’ legal cannabis program was no different. The state’s recreational cannabis law required that people with low-level marijuana convictions have their records cleared and minorities that had been disproportionately affected by the war on drugs were to be given special consideration in regards to cannabis dispensary licenses. However, months after Illinois legalized recreational cannabis, some social equity applicants say the state is falling short of its objective to repair the systemic harm caused by the war on drugs.

“The spirit of the law is to repair those harms and create true equity within that demographic,” says Belica Royster, a social equity applicant. She and other social equity applicants argue that the state is not awarding enough marijuana dispensary licenses to minority owners. According to a group called the Social Equity Empowerment Network, the process to award 75 new cannabis dispensary licenses has not been equitable. The denied social equity applicants are asking Governor JB Pritzker for transparency in how the social equity status is awarded.

“We just want the playing field to be fair, that’s all we wanted. And based on how the outcome was, even part of the process, it was not, in fact, fair,” says Indrani Peyton, another social equity applicant. She was part of a group that applied for social equity status but failed to get a license. In total, more than 700 groups submitted 4,000 applications and according to the state, only 21 will advance to the next stage.

“The facts show that of the 21 applicants only 12 are owned and controlled by people of color. How is that maximizing social equity with these numbers?” says Royster. She states that most of the winners are tied to big marijuana companies, two with links to restauranteur Phil Stefani and former Chicago Police Supt. Terry Hillard. Applicants who are majority owned by a person living in an area affected by the war on drugs, someone with a marijuana-related arrest or a company that can employ 10 people who meet that criteria have a higher chance of gaining social equity status.

“All that chalks up to be is an employer, and to me, that does not balance the scales of justice,’ Peyton says. Some social equity applicants who fell out of the race have filed federal lawsuits against Gov. Pritzker’s administration, hoping to delay the lottery until there is more transparency.

Industry watchers say cannabis entities like Pure Extract Technologies Inc. would wish to see the complaints of the social equity applicants addressed so that what was envisioned when passing the legalization law is put into practice.

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 – Federal Report Reveals Few Banks Worked with Cannabis Businesses Amidst the Pandemic

The latest data from the federal government shows that in the last fiscal quarter, few financial institutions are servicing firms in the cannabis industry. In fact, the number is said to have declined.

Last week, a report released by the Financial Crimes Enforcement Network showed that 695 credit unions and banks were working with legal marijuana businesses at June’s end. However, in the previous quarter, the number was 710, showing a clear decline.

What then, is behind the apparent decline?

COVID-19 is one of the culprits. The coronavirus pandemic has affected many economies globally, with most businesses either going bankrupt or closing down. It is no wonder that some cannabis firms may have closed down as well during this period, given that most government restrictions require only essential businesses and services to be in operation during the pandemic period.

However, most states which have legalized cannabis are allowing marijuana firms to operate as essential services during this pandemic period, with states such as Illinois recording growth in cannabis sales in the past few months.

Another possible reason for the decrease in support from financial institutions could be banks being understaffed. Understaffing causes delays in filing suspicious activity reports (“SAR”) for cannabis businesses. All credit unions and banks that provide financial services to cannabis businesses are required, by law, to file and submit suspicious activity reports.

Filers that exceed the 90-day SAR filing requirement may explain the short-term decline in the number of financial institutions that are offering services to marijuana businesses. This is because, after the 90-day period has elapsed, the depository institution is deemed to not be providing financial services.

The decline might also be a result of Congress calling for cannabis law reform.

On a lighter note though, the Marijuana Opportunity, Reinvestment and Expungement (“MORE”) Act is scheduled to be introduced to the floor later in September. It seeks to remove cannabis from the Controlled Substances Act, which would resolve any uncertainty revolving around financial institutions working with cannabis businesses in the banking sector.

This would open up more avenues for financial institutions to provide services to marijuana firms in the future.

Furthermore, earlier in June, the National Credit Union Administration released a memo that explained the issues that are identified with banking institutions offering their services to cannabis businesses and explained that offering services is legal, as marijuana has been legalized in most states.

It would be interesting to get the perspective of industry players like Pac Roots Cannabis Corp. (CSE: PACR) regarding what could be behind the reduced collaboration between banks and cannabis companies.

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