420 with CNW – Vote to Legalize Marijuana Federally Planned in Congressional Committee

Two sources with information regarding an announcement that will be made soon said that this week, the Judiciary Committee of Congress is planning on holding a monumental vote that will mark the end of the federal prohibition of cannabis.

The legislation to remove marijuana from the Controlled Substance Act (CSA) and set aside funds for healing communities that were negatively affected by the war on drugs, especially the people of color, was sponsored by the Chairman of the House Judiciary Committee, Jerrold Nadler (D-NY).

The legislation would set aside 5% of federal tax on all marijuana sales, which would be used to pay for programs such as job training and legal services for people who are negatively impacted by the war against drugs. That fund would also be used to provide loans to small marijuana businesses that are controlled by individuals who are socially and economically disadvantaged. Further more, the funds will be used to eliminate the hurdles in licensing and employment in the marijuana sector. Some of the programs would be managed by a new marijuana Justice Office which is a branch of the Department of Justice.

One of the provisions in the legislation states that the Marijuana Opportunity Reinvestment and Expungement (MORE) Act would provide for marijuana ex-convicts with resentencing and sealing of their records. It would also ensure that immigrants who have a history with marijuana are not denied U.S. citizenship status.

The legislation now has 55 Democratic co-sponsors. The 2020 presidential candidate Senator Kamala Harris (D-CA) is leading the Senate companion bill despite it not being slated for consideration in the Republican-controlled chamber.

The Judiciary Committee vote, which is planned to take place this week on Wednesday, comes two months after the House unanimously passed the bipartisan bill to increase bank access by marijuana businesses.

On Saturday, while speaking at a conference in Southern California, Rep, Barbara Lee (D-CA) vaguely revealed the upcoming committee vote. Rep Lee is not a member of the Judiciary Committee. The judiciary spokesperson has not issued a response to the impending vote.

The voting on the bill comes after a hearing that was held in July by a Judiciary subcommittee that reviewed the link between cannabis legalization and racial equality.

The markup will give the lawmakers on both sides a chance to amend the legislation. It could also provide more information on the emerging divide between marijuana reform supporters who are for healing communities impacted by prohibition first and those who believe that legalization legislation should be limited to states as it stands a better chance of being approved in the Senate and landing on President Trump’s desk.

Some groups that are pro-legalization asked for the delay of the scheduled vote on financial services legislation insisting that they should first approve of remedial justice provisions such as the MORE Act. Marijuana advocates believe that in the Republican-controlled Senate, only a more modest bill for federally legalizing marijuana would be approved, such as the STATES (the Strengthening the Tenth Amendment Entrusting States) Act, which was introduced by Sen. Elizabeth Warren and Sen. Cory Gardner. It earned the support of President Trump. The legislation would not remove weed from CSA, and it does not have provisions for ensuring equity for the impacted communities.

It would be enlightening to hear what cannabis companies like Cannabis Strategic Ventures (OTCQB: NUGS) and Hemptown USA have to say about the best way to get comprehensive marijuana policy reforms through these two politically divergent federal legislative chambers.

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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 – Sugarmade, Inc. (SGMD) Announces Strong Preliminary Calendar 2019 Performance that Exceeds Internal Forecasts

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced preliminary calendar year-to-date revenue performance of $26 million and strengthening gross margins. Per the update, the company expects its recently-acquired hydroponics supply operation to produce approximately $32 million for the calendar year and believes it is well positioned moving into 2020 based on growing revenues and an expanding sector cost advantage. “This business sector is all about robust product sourcing, efficiency in logistics and effective e-commerce programs, not to mention effective placement on Amazon, where we are realizing great success. Our revenue and gross margin production are testaments to the fine job our staff has done relative to these areas,” SGMD Chief Executive Officer Jimmy Chan said in the news release. “Our revenue for this calendar year, as well as our gross margins, have exceeded our internal forecasts. We are especially pleased with how gross margins have remained robust all year and have actually risen over the past few months, bucking the expected seasonal trend in this subsector of the agricultural supply industry. We believe we are especially well set up moving into 2020, with not only e-commerce, but also brand and logistical advantages over the competition.”

To view the full press release, visit http://cnw.fm/YnOq1

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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

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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 – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Significantly Expands Canadian Distribution Footprint

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its receipt of orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint. In addition, the company announced plans to launch two new strains in Ontario, as well as the world’s first organic cannabis certification program for budtenders. “As we continue scaling up our operations, we are now in a position to start distributing our premium certified organic cannabis products to additional provinces as well as launching new strains,” TGOD Vice President of Sales Mike Gibbons said in the news release. “Retailers are eager to get access to larger quantities of premium, high-quality dried flower, a market segment currently undersupplied. We are on track to distribute nationally in Q1, 2020.”

To view the full press release, visit http://cnw.fm/vT9Wp

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

For more information on The Green Organic Dutchman Holdings Ltd., please visit www.TGOD.ca.

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HempNewsBreaks – Marijuana Company of America Inc. (MCOA) hempSMART(TM) Brand Receives Los Angeles Business Journal 2019 Fashion & Beauty Awards Nomination

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced that its hempSMART(TM) brand products have been nominated by the Los Angeles Business Journal for its 2019 Fashion & Beauty Awards. The company’s proprietary hempSMART(TM) brand consists of premium-quality, lab tested, CBD verified products. The Fashion & Beauty Awards will take place at the LA Grand Hotel in Los Angeles, CA at 6:00 PM on December 12, 2019. “We are thrilled to be recognized and nominated by the Los Angeles Business Journal for our hempSMART(TM) brand of products,” Marijuana Company of America CEO Donald Steinberg stated in the news release. “We have always been committed to producing the highest quality products for the personal health and wellness of our customers, and our beauty line has progressed quite rapidly given the surge in demand. Our revenue has increased almost 840% from year-end 2017 to year-end 2018, which we can attribute to our expanding, high-quality product portfolio line and our international expansion into the U.K., Netherlands, and Scotland. The L.A. Business Journal’s Fashion & Beauty forum is another incredible opportunity for us to showcase our products.”

To view the full press release, visit http://cnw.fm/kOHo7

About Marijuana Company of America

Marijuana Company of America is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based and cannabis consumer products; (3) the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; VivaBuds(TM) is the newest subsidiary, delivering quality cannabis products across Southern California; (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop in the U.S. and abroad. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.

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

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HempWireNews (HWN) 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. HNW 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. HempWireNews (HWN) is where HEMP news, content and information converge.

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HempNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Posts Financial Results for Three and Nine Months Ended September 30

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including its newly acquired commercial hemp enterprise, on Monday reported financial results for the three and nine months ended September 30, 2019. The company reported that revenues for the third quarter decreased 13% to $34,017,000 as compared to $39,082,000 during the same period in 2018. The company also hosted a conference call on Monday to discuss its financial results, quarterly and yearly highlights and business outlook. A replay of the webcast will be available on the Investors section of the company’s website. “We are not pleased with Q3’s performance, however, we are confident that we made the appropriate moves in Q3 pivoting our commercial hemp enterprise business model. The decision to expand Khrysos Industries into an 82,000 square foot, pharma grade, post processing facility has prolonged the period of time we will operate our commercial hemp enterprise on a pre-revenue basis, however, ultimately this decision is expected to accelerate our ability to compete, scale, and grow profitable revenue as we close out 2019 and move into 2020,” Youngevity International president and CFO Dave Briskie stated in the news release.

To view the full press release, visit http://cnw.fm/Qs1cy

About Youngevity International Inc.

Youngevity International Inc. is a multi-channel lifestyle company operating in three distinct business segments, including a commercial coffee enterprise, a commercial hemp enterprise and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top-selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry and innovative services. For more information, visit the company’s website at www.YGYI.com.

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

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420 with CNW – Pew Poll Finds Increased Support for Marijuana Legalization

On Thursday, Pew Research Center released the 2019 polling results on support for marijuana legalization which showed an increase with more than two-thirds of Americans backing the policy.

The survey was conducted through phone interviews from September 3-15. It involved 9,900 respondents, of whom 67 percent said that cannabis should be legal. This is 5 percent higher than the 2018 Pew survey findings on marijuana legalization support. Pew Research Center’s 2019 poll results closely reflect survey findings released last month by Gallup, which showed that 66 percent of Americans are in favor of marijuana legalization.

In their survey questions, Pew had a new question that had multiple policy options from which the respondents could choose their answer. The new question results showed that 91 percent of Americans support the legalization of either medical or adult-use marijuana. The legalization of both medical and recreational marijuana was backed by 59 percent, while 32 percent support legalization for medical cannabis only. And only 8 percent said that marijuana should stay illegal.

According to Pew, non-supporters of marijuana legalization said that the new question findings were notable. They also said that when people are presented with more policy options to choose from, the likelihood of supporting the broad legalization of cannabis would be lessened. But, the fact is that the majority of Americans are in support of the full legalization of marijuana.

The survey confirms that marijuana reforms require the support of both the Democrats and Republicans, with 55 percent of Republicans and 78 percent of Democrats supporting the legalization of weed.

Last year’s poll results showed that only 45 percent and 69 percent of Republicans and Democrats were in favor of legalization, respectively. This year’s poll pools responses from individuals as well as the members of the parties according to which party they are leaning towards. However, the previous polls separated the responses according to parties and reported their support or lack of separately.

The Executive Director of NORML, Erik Altieri, said that over the past three decades, the percentage of the public supporting recreational marijuana has been on the rise, and there is no sign that it will subside. He further noted that in the last few years, public support has been growing stronger as more and more states develop their marijuana reforms. He also said that although the country is divided politically, at least the majority of the Americans agree on the issue of cannabis legalization.

According to the 2019 survey, people of all races, men, and women are in support of ending marijuana prohibition.

Support for marijuana legalization is expected to continue rising. The “Silent Generation” is the only age group where the majority are not in favor of legalization. Sixty-three percent of Baby Boomers and 65 percent of Generation X support legalization. And, an overwhelming number of Millennials (76 percent) are in favor of legalization.

The partisan gap support among the millennials is small because 78 percent of millennial Democrats and 71 percent of millennial Republicans are in favor of the legalization of cannabis.

The percentage of adults who are not in favor of legalizing Cannabis has reduced to 32 percent in 2019 compared to 52 percent in 2010, said Pew.

According to the released report, the increased support of marijuana legalization is because more states have legalized medical and recreational cannabis. Pew also noted that apart from the former Vice President Joe Biden, the other Democratic presidential candidates are in favor of legalizing marijuana.

Industry observers say that this news of the increased support for marijuana legalization is unlike to excite marijuana industry players like SinglePoint Inc. (OTCQB: SING) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) that have so far failed to see this overwhelming public support resulting in any federal marijuana law reforms.

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420 with CNW – Lottery Held to Award Recreational Weed Locations to Chicago Applicants

On Friday morning, marijuana companies filled the Chicago City Hall to participate in the first-ever lottery held for awarding recreational marijuana permits.

In the first round, Joel Caltabiano with Cresco Labs got the first pick. The company managed to get a spot at the heart of the city of Chicago, which was coveted by many as it includes an entertainment corridor located near Rive North and the Gold Coast. The central business district (CBD) is highly concentrated with people, hotels, and entertainment joints.

Caltabiano said that being located in the central business district is the best for the company because the area is highly populated. He also noted that the central business district generates most of the city’s tax revenue because it is where most spending is done.

The existing 31 medical dispensaries in Chicago have already been licensed to sell recreational marijuana come January 1 by the state. However, those who participated in the lottery were given a chance to choose a second location in the designated seven districts in Chicago.

Jeremy Unruh, who is from Pharmacann, said that recreational marijuana sales would add to the tax revenue in Chicago. He also noted that it would create new jobs.

Each of the seven districts is allowed a maximum number of seven dispensaries which will be increased to 14 in May. The cap on the number of dispensaries is to make sure that they are uniformly distributed across Chicago, Mayor Lori Lightfoot said.

The downtown spots were snagged up very quickly; however, not all businesses wanted to be at the heart of the action.

The Herbal Care Center medical marijuana dispensary, which neighbors the Illinois Medical District, now has a chance to open a second dispensary in a similar community. Brenda Schiller of The Herbal Care Center said that her company is focused on serving the community instead of the tourists.

The director of business development for Viola Brands, Jamil Taylor, said that he is looking for an opportunity to open an outlet in Illinois because he noticed a lack of diversity in the City Hall during the lottery. Taylor further noted that among the people participating in the lottery, he did not see any people of color or Asians, just people who do not identify with the city of Illinois, which could pose a challenge because of a lack of representation of other races.

The growing recreational marijuana sector will help boost economic development on the South and West sides of Chicago after it becomes legal next year.

Schiller said that the lottery system of awarding permits is a marijuana reform program that further leaves out people who are most affected by the war against drugs.

Before the licensed businesses can get operational, they must host at least one community meeting in their ward.

Experts believe that cannabis companies like Dama Financial and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) are pleased that plans to avail recreational marijuana in Illinois are now in final gear.

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CannabisNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) to Host November 18th Conference Call to Review Financial Statements, Provide Corporate Update

Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise and its newly acquired commercial hemp enterprise, this morning announced its plans to host a conference call to discuss the company’s financial results for the quarter ending September 30, 2019, which it plans to release today. The call is scheduled to take place at 4:15 p.m. Eastern Standard Time (1:15 pm Pacific Standard Time) today, November 18, 2019. Youngevity International’s senior management will host the call, led by CEO and Chairman Steve Wallach and joined by CFO and President Dave Briskie. Interested parties may join the conference by dialing 1-877-870-4263 (toll free) or 1-412-317-0790 (international) and referring to the “Youngevity International Call.” The webcast will be accessible in the Investors section of the company’s website, with an archived webcast available for replay on the Marker website approximately one day after the event.

To view the full press release, visit http://cnw.fm/4viGl

About Youngevity International Inc.

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CannabisNewsBreaks – LiveWire Ergogenics Inc. (LVVV) Announces Financial Report for Q3 2019

LiveWire Ergogenics (OTC: LVVV), a health and wellness company with a focus on special purpose real estate acquisitions and the licensing and management of high-end and permitted facilities for the production of cannabis-based products and services in California, today released its financial results for the third quarter of 2019. ”The cannabis market is ever-changing and complex. While a flood of investment has entered the market over the last two years based on overly optimistic projections, questionable market analysis and unproven business models, these expectations are now being hit by the reality of a still unconventional business, complicated by the typical growing pains of a rapidly emerging new industry,” LiveWire CEO Bill Hodson said in the news release. “With the industry now set to explode, companies must begin scrutinizing their operations for inefficiencies and evaluate what works and what doesn’t. In other words, “doing it right”; a principle that LiveWire has been trying to follow strictly for the last two years, supporting the momentum of this new and promising industry, which according to some industry experts is expected to reach $80 Billion by 2030.”

To view the full press release, visit http://cnw.fm/0qRYQ

About LiveWire Ergogenics Inc.

LiveWire Ergogenics, Inc. (LVVV) specializes in identifying and monetizing current and future trends in the human and veterinarian health and wellness industry. The company is focused on acquiring, managing and licensing specialized “closed loop” turnkey cannabis real estate locations of fully compliant and permitted turnkey facilities to produce cannabis-based products and services in California and the state-wide distribution of these products. This includes verification of zero pesticide products for quality brands via its “7X Pure” Cannabis Verification System, the development, licensing and distribution of legal, high-quality cannabinoid-based products and services, and the creation of the high-quality “Estrella Weedery” brand. LiveWire Ergogenics does not produce, sell or distribute products that are in violation of the United States Controlled Substance Act. For more information, visit the company’s website at www.LiveWireErgogenics.com.

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CBDNewsBreaks – Supreme Cannabis Company Inc.’s (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Blissco Launches New, Full-Spectrum CBD Oil, Pūr Dew

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that its wholly-owned subsidiary, Blissco, has launched a new full-spectrum CBD oil, Pūr Dew. With the Pūr Dew CBD oil launch, Supreme Cannabis diversifies its product offerings, which currently include dry flower from 7ACRES and high-THC cannabis oil from KKE. “We are excited to expand our product offering to include CBD, arguably one of the fastest growing product segments on the market. As Blissco’s first CBD oil, Pūr Dew offers consumers full-spectrum CBD and USDA certified organic MCT coconut oil,” Supreme Cannabis CEO Navdeep Dhaliwal said in the news release. “Our team worked incredibly hard to provide consumers with a product that retains the benefits of the plant and the natural terpenes. Pūr Dew can be taken directly or mixes well into beverages, such as smoothies. We are excited for consumers to try Pūr Dew.”

To view the full press release, visit http://cnw.fm/9nttB

About Supreme Cannabis

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s fastest-growing, premium plant driven-lifestyle companies by effectively deploying capital, with an emphasis on disciplined growth and high-quality products. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary and multi-award-winning brand; Blissco, a wellness cannabis brand and a multi-licensed processor and distributor based in British Columbia; Truverra Inc., a global medicinal cannabis brand and licensed cultivator; Cambium Plant Sciences, a plant genetics and cultivation IP company; Medigrow Lesotho, an cannabis oil producer located in southern Africa; Supreme Heights, an investment platform focused on CBD brands in the UK and Europe and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. For more information, visit the company’s website at www.Supreme.ca.

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