420 with CNW – Marijuana Legalization Initiative Cleared for Signature Gathering in South Dakota

Marijuana legalization was given the go-ahead for signature collection in South Dakota together with a constitutional amendment meant to legalize hemp and medical marijuana. The motion was introduced in the senate by a former federal prosecutor and was backed by the MPP (Marijuana Policy  Project) and a national cannabis activist group.

The motion to legalize marijuana was filed in June by former U.S Attorney Brenda Johnson. The initiative received the green light for signature collection last week after the attorney general gave the official explanatory statement.

In an interview, Brenda Johnson said that the people of South Dakota are excited and ready to approve a medical marijuana initiative and legalization at the ballot in the coming year.

The initiative which was introduced by the former federal prosecutor would constitute measures to be observed and followed by the residents of South Dakota. The initiative would allow possession and distribution of up to one ounce of marijuana by adults who are 21 years and older. It would permit the residents to cultivate a maximum of three marijuana plants. The issues related with licensing of manufacturers, lab testing facilities and retailers would be tasked to the Department of Revenue in South Dakota.

Sale proceeds of marijuana would be taxed at 15 percent. The tax proceeds would be used to fund the implementation of the weed legalization program, with the extra amounts being used for public education and other state of South Dakota priorities.

Apart from legalizing cannabis, the motion would instruct the legislature to legalize hemp and medical marijuana.

In support of the South Dakota campaign, the Marijuana Policy Project Director, Matthew Schweich told Marijuana Moment that in the U.S., conservative states included, voters are in favour of reforming the marijuana policy. So as an organization, they have to carry out the will of the people when the officials they elected fail to support them.

For marijuana legalization, they must collect 16,961 signatures, and for the proposed constitutional amended to qualify for the ballot box in 2020, they must collect 33,921 signatures from voters. The Marijuana Policy Project involvement will boost the likelihood of the campaign to obtain the required signatures.

The initiative will not pass without resistance since the state’s Republican party are urging the citizens not to sign the petition for the 2020 ballot box while Governor Kristi is rejecting the bill for hemp legalization.

Brenda Johnson, the MPP and others who are for the campaign, “South Dakotans for Better Marijuana Laws” vow to work every day till the day of elections in 2020 to garner support from everyone in the state of South Dakota.

Experts think that marijuana companies like Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) and SinglePoint Inc. (OTCQB: SING) will be hoping that voters finally get the chance to decide whether marijuana should or shouldn’t be allowed in South Dakota.

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 – First US Restaurant to Let You Smoke Marijuana While Dining Opens in California

California was among the first states to legalize the use of medical marijuana over two decades ago. In 2016, the state also legalized the use of marijuana for recreational purposes allowing entrepreneurs to exploit the new law by investing in the weed business. In some states of America, thousands of people are arrested for possession and consumption of weed.

In California, it is illegal to smoke weed in public. This prompted the residents of West Hollywood to devise new ways to take advantage of the recreational purpose of cannabis by allowing operation of cannabis restaurants through a licensing process.

Lowell Café is the first legal cannabis restaurant in the US. The law permits the café to serve weed alongside food. It is set to launch on October 1st. Along with the waiters, there will be ‘budtenders’ whose work is to greet customers and help them understand the menus, bong service, dab rigs and other marijuana treats.

The restaurants cannot serve food infused with cannabis because the state health law does not permit this. However, the customer’s choice of weed will be served along with their dishes. For a long time, cannabis consumers had to hide while smoking pot and could not come out and say I consume marijuana, says chef, Andrea. Being able to engage and smoke weed with other people in a free environment where you are neither hiding nor being judged is freeing.

Lowell Café opening will be a groundbreaking event in a country where marijuana is still illegal in some states. In some parts of the U.S., more than one person per minute is arrested for marijuana possession or consumption.

Although there are lounges and clubs where people can smoke weed,  traditional-like restaurants offering the service are nowhere to be seen. Lowell Café is meant to change this by selling marijuana, along with food. The officials of West Hollywood have helped Lowell traverse through the conflicting and unclear state and local laws. The law does not allow servings of food infused with cannabis, but it does allow Lowell Café to serve food and marijuana in one sitting.

Kevin Brady, Lowell Café director, says that the restaurant will be an elegant and beautiful place with zero stereotyping. To dispel the fear of a rabbi from a synagogue across the street from Lowell, Brady assures him that the Café would be installed with an advanced air filtration system that would not allow a whiff of weed outside the premises.

After launching, Lowell Café will be opening at 10 am and closing at 10 pm. People from various countries, such as Japan and Russia, have already made reservations. The customers will have the option of rolling their joints or renting the pipes or bongs, and the flower hosts can also lend a hand in rolling a joint.

The Café has in employment a cannabis chef, Drummer, who is known for preparing weed-infused food for Chelsea Handler on her reality TV show Chelsea Does. According to Drummer, serving food alongside weed is a fascinating experience. She is in her final stages of finalizing a healthy menu full of traditional dishes.

Lowell Café is backed up by Lowell Herb Co, with 8 percent of its workforce being people with cannabis infractions on their record. By employing the 8%, the café seeks to fight weed consumption stigma.

Experts believe that marijuana industry companies like Neutra Corp. (OTCQB: NTRR) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) may be happy that resturants with special licenses can now serve marijuana and take it out of the secrecy to which it had initially been condemned.

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 – Jushi Holdings Inc. (NEO: JUSH.B) (OTCQX: JUSHF) Chairman and CEO Purchases 300,000 Subordinate Voting Shares

Jushi Holdings (NEO: JUSH.B) (OTCQX: JUSHF), a globally focused, multi-state cannabis and hemp operator, recently announced that One East Partners, LP acquired 300,000 Class B subordinate voting shares of the company at price of C$2.20 each for a total purchase price of C$660,000 pursuant to a private agreement exemption. One East purchased the shares from two sellers at less than 115% of the market price, in accordance with National Instrument 62-104 – Take-Over Bids and Issuer Bids. Jim Cacioppo serves as Managing Director and sole partner of One East in addition to his role as Jushi Holdings’ chairman and CEO. As a result of this transaction, Cacioppo, together with his joint actors, owns 114,000 Class A super voting shares of the company and 1,656,092 subordinate voting shares, equaling an estimated 41.62% voting interest in the company. “This off-market purchase of Jushi shares via One East is reflective of my confidence in the company’s expansive vision of creating an integrated global cannabis and hemp operator. The company’s strong performance and strategic investments in limited license markets place us on the path of building long-term shareholder value. The company’s success is marked by investing in the future growth that we expect to achieve in the cannabis and hemp industry, underpinning our mission of returning excess capital to shareholders,” Jim Cacioppo stated in the news release.

To view the full press release, visit http://cnw.fm/bbcH2

About Jushi Holdings Inc.

Jushi Holdings is a globally-focused cannabis and hemp company led by an industry leading management team. In the United States, Jushi is focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed work-outs and competitive applications. Jushi strives to maximize shareholder value while delivering high quality products across all levels of the cannabis and hemp ecosystem. For more information, visit the company’s website at www.JushiCo.com.

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 – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Debuts New Line of Best Selling Gummies at Hall of Flowers Cannabis Tradeshow

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a leading cannabis branded products company based in California, this morning announced the launch of a new line of its best-selling cannabis-infused gummies*. According to the update, the company unveiled its new line at the Hall of Flowers cannabis tradeshow in Santa Rosa, California this past week, rolling out three new flavors of gummies developed by Plus Products’ team of scientists, entrepreneurs and chefs. The new product line includes a balance cucumber lime with 3.5mg THC and 1.5mg CBD per piece; an uplift tangerine with 5mg THC and <0.1mg CBD per piece; and an unwind concord grape with 4.5mg THC and 0.5mg CBD per piece. “The demand from many of our retail partners and consumers to launch a second line of our gummies has been significant and we are excited to expand our product portfolio to meet those demands,” Plus Products CEO and Co-Founder Jake Heimark said in the news release. “We have high expectations given the success of our original line of gummies, which include the #1 & #2 best-selling cannabis products in California**.”

To view the full press release, visit http://cnw.fm/snw4E

About PLUS

PLUS Products is a California hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA with 80 employees. For more information, visit the company’s website at www.PlusProducts.com.

*PLUS is the #1 selling brand of cannabis infused gummies over the last 12 months by dollars of retail sales according to BDS Analytics

**Over the last 12 months by dollars of retail sales according to BDS Analytics

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

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 – Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) Posts Update on Washington State Assets

Chemistree Technology (CSE: CHM) (OTCQB: CHMJF) this morning posted a shareholder update regarding its Washington State assets. Per the update, the company received an encouraging report from the general manager of its Washington state licensee partner that detailed increases from April of 30% in sales, 36% in crop yield and 100% in retail client stores. Chemistree also announced that Sugarleaf requested extra cultivation facilities at the Sedro Wooley location, on the same turn-key basis as currently in place, so it can double its current capacity and meet the quickly growing demand for Sugarleaf branded products. “These numbers are surpassing my expectations and I am really proud of the team at Sugarleaf for their focus on producing a high-quality cultivated product, an exacting attention to detail, and maintenance of rigid best practices in all parts of the operation. The Sugarleaf order book is now fully spoken for each month and the team now has new clients looking for Sugarleaf products every week. I know I speak for the entire Chemistree management team when I say how pleased we are to be landlords to such an amazing cultivator,” Chemistree chief cannabis officer Sheldon Aberman stated in the news release.

To view the full press release, visit http://cnw.fm/7XjXq

About Chemistree Technology Inc.

Chemistree Technology Inc. is an investment company dedicated to the U.S. cannabis sector, endeavoring to provide turn-key solutions for the regulated cannabis industry.  The company’s corporate strategy is to acquire and develop vertically integrated cannabis assets, leveraging management’s decades of expertise in the cannabis industry and corporate finance to own and operate licensed cultivation, processing, distribution and retail facilities. For more information, visit the company’s website at www.Chemistree.ca.

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

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 – GP Solutions, Inc. (GWPD) Inks Deal with Snoop’s Premium Nutrients to Create Specialized Grow Pods, Become Nutrient Distributor

GP Solutions (OTC: GWPD), the developer of highly innovative automated micro-farms trade named “GrowPods,” on Monday announced that it has signed a deal to become a distributor of Snoop’s Premium Nutrients, a premier product line developed in Holland exclusively for the cannabis market. In addition, GP Solutions will produce a series of customized, co-branded GrowPods called “Snoop’s Premium Nutrients Pods”, which will come with a 6-month supply of the premium nutrients. The company will be premiering the first Snoop’s Premium Nutrients Pods at CannaCon South, taking place September 27-28 in Oklahoma City. “This is an enormous opportunity for our company that will heighten visibility in the cannabis market and give growers a complete solution for rapid and robust cultivation,” GP Solutions CEO George Natzic stated in the news release. “We are now positioned as the most complete turnkey system in the industry.”

To view the full press release, visit http://cnw.fm/g57Zg

About GrowPod

GrowPod, Inc. is the developer of highly innovative automated micro-farms trade named “GrowPods”. GrowPods are a modular, stackable and mobile vertical growing environment specifically engineered to maximize yield and automation. Offering fully insulated, food-grade shipping container that has been specifically modified to provide the optimum controlled environment for growing a wide range of horticultural and agricultural products in all environments and climates. With the company’s combination of hydroponic and certified organic soil systems, clients can produce a significantly higher yield that grows faster, healthier and more consistent. For more information, visit the company’s website at www.GrowPodSolutions.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 – Benefits of Marijuana to People with Traumatic Brain Injury

Traumatic brain injury is a condition that is more common than most people care to admit. Research estimates that two million-plus people visit the ER each year with cases related to TBI. These cases occur from events such as car accidents, falls and physical attacks, and they result in minor concussion or severe traumatic brain injury. Fifty percent of the TBI injuries are connected to falls by children between the ages of 1-14 years and old folks over the age of 60. The World Health Organization lists TBI among the leading causes of death in young children.

To understand how people with TBI can benefit from using marijuana, we must first understand what traumatic brain injury means. Traumatic Brain Injury is the damage to the brain which is attributed to an external force. TBI can lead to premature death or permanent disability. TBI, like concussion, is most evident among football players and war veterans. Individuals suffering from TBI display symptoms such as dizziness, headaches, nausea, speech difficulties, difficulties controlling their motor function, sensitivity to light, seizures and amnesia.

Research shows that 30 clinical trials have failed to provide much-needed treatment for TBI. However, none of these trials included the use of cannabis which when used, activates the innate cannabinoid receptors, which help in reducing swelling in the brain and improve neurological impairment. When cannabinoid 2-AG is administered into a damaged mice’s brain, its cognitive and motor function are seen to improve significantly. Marijuana can also be used to treat other physiological conditions such as insomnia.

Studies show that Traumatic Brain Injury can result in brain edema, neural impairment, increase in microglial cell number, activation and DAI (diffuse axonal injury). The damage to the brain escalates cellular permeability thus allowing water to enter the brain which causes edema. Edema formation in humans can cause one to forget minor things such as their shopping list while impulsive behaviour and spatial learning and memory issues are observed in animals. Edema formation accounts for about fifty percent mortality rate of TBI patients. To treat edema, scientists applied the use of cannabinoid receptors (CB1 and CB2) as they help in decreasing brain edema.

However, through research CB1 receptors are less involved in the treatment effect of this drug. Thus to ensure effectiveness, scientists indicate that both receptors should be used together to increase the chances of neuroprotective actions. The study was successful because the scientists were in a lab setting, and they had the advantage of administering the dosage immediately after the accident. The research on the use of CB receptors on mice was led by Raphael Mechoulam and a top team from Hebrew University.

In the world of athletics, where the use of drugs is prohibited, it would be criminal to deny the administration of medical marijuana if a doctor determines that a single dose be administered immediately after concussion.

Experts are convinced that it is these types of findings that encourage cannabis companies like Marijuana Company of America Inc. (OTCQB: MCOAD) and MustGrow Biologics Corp. (CSE: MGRO) to keep working and making better products so that more people can benefit from what marijuana has to offer.

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 – Medical Marijuana Legalization Bill Introduced in Wisconsin

Three legislators in Wisconsin have united to introduce a bill legalizing the use of marijuana for medicinal purposes. The legislators include two Democrats, Erpenbach and Taylor, and Testin who is a Republican.

Sen. Jon Erpenbach, Taylor and Testin in a joint statement on Friday announced that the time has come for the state of Wisconsin to lift the restrictions and legalize the use of marijuana. The bill would create a system that allows patients to be entered into a list through registration and the growers to be issued with a license permitting them to grow cannabis for medical purposes.

In the United States, there are 33 states legally using marijuana either for medical or recreational purposes. Among these are, Michigan and Minnesota. In Colorado and nearly a dozen other states, residents can use marijuana for medical and recreational purposes.

In the statement, Testin said that the government should not decide if marijuana is right for inducing treatment; doctors and patients should be given that mandate to determine if cannabis is right for treating a particular condition.

For the past decade, the Democrats have been trying to pass marijuana legalization bills with no success. However, it is still uncertain whether with the Republican support exemplified by Testin, the bill will be passed into law. Speaker of the Assembly, Robin Vos is open to passing the bill but the Senate Majority Leader, Scott Fitzgerald has openly voiced his opposition.

Tony Evers, the Democratic governor, had proposed legalization of medical marijuana, in the Winsconsin budget, but the provisions were not included in the final budget plan.

Through his spokesman, the governor did not comment on the bill. Moreover, since he is running for Congress in the year 2020 in a Wisconsin district that is traditionally conservative, his stand on the bill is unlikely to change. Supporting the bill would pose a threat for him as it would be a motivating factor for his primary challengers.

The proposed marijuana legalisation bill has the following terms that have to be met by the doctors, patients and the cannabis growers.

Persons qualifying to receive medical marijuana have to be suffering from one of the following ailments; AIDS, cancer, Alzheimer’s, PTSD (post-traumatic stress disorder), traumatic brain injury (TBI), and severe and chronic pain.

Before being registered and joining the list of people to receive medical marijuana treatment, a doctor should diagnose the patient, explain the risk factors as well as the benefits of using medical marijuana.

Patients applying to receive medical marijuana are supposed to pay $250 for registration and $250 in annual fees.

The marijuana registry is not visible to the public and people who are or have been convicted of a drug-related crime are not allowed to join the list.

The Department of Agriculture, Trade and Consumer Protection would set up a licensing system for the growers, if the bill remains as it is. The licensed growers would include persons growing a dozen-plus marijuana plants. Grower would have to pay an initial fee of $250 and an annual fee of $5000. The licensed growers would also be prohibited from growing cannabis for family or personal consumption.

On Friday, Evers tweeted his supports for the bill while pointing to a recent poll by the Marquette University Law School which showed that 83 percent supported the legalization of medical marijuana. In the tweet he wrote that now was the time for physicians to be allowe to prescribe the medication that they felt was best placed to treat their patients.

Analysts believe that the chances of this bill sailing through are too close to call, and they also believe that industry players like IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) would wish that patients have the option of using medical marijuana sooner rather than later.

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 – Marijuana Banking Bill Changes Suggested to Win Republican Support

On Monday, we reported that Congress was likely to vote on the SAFE Banking Act this month, and the latest indicators strongly point to a floor vote being scheduled for next week. The supporters of the bill would like the vote to be conducted under suspended House rules, and a number of amendments have been suggested to win over more Republicans and ensure that the bill will get the two-thirds majority needed under the suspended rules arrangement.

One of the changes that has been made provides clarification that the protections given to banks that work with state-legal marijuana companies also apply to the banks serving companies in the hemp and CBD industries.

Another change expands the definition of the ancillary businesses that work with marijuana companies. The expanded definition includes insurance companies and federal home loan companies. The bill also states that financial regulators wouldn’t have any undue restrictions placed upon them as they supervise marijuana companies.

An extra section added to the SAFE Banking Act also talks extensively about the hemp industry and why financial regulators must release guidelines explaining how banking institutions can work with the hemp and CBD industries without facing any sanctions from regulators.

There is also a specific section that is aimed at forestalling any plan by the Justice Department to arbitrarily order banks to close the account or accounts of a company or people in the firearms industry as a way of forcing those entities out of business. Any such action must be accompanied by a sound reason.

All these provisions are aimed at putting the concerns of conservative lawmakers at bay, especially those who don’t want to be involved in passing a law that is primarily intended to facilitate the marijuana industry. By including the hemp, CBD and gun industries, the scope of the bill is expanded and more GOP lawmakers may be enticed to support it.

However, not all is well within the Democratic caucus as some members have been vocal that they will not support the bill unless measures to address social equity issues in the marijuana industry are first implemented.

Such members of Congress feel that the SAFE Banking Act largely helps banks and marijuana companies to thrive and yet a more pressing concern are the racial issues surrounding the implementation of marijuana laws across the country.

Supporters of the proposed law say that any measure that chips away at prohibition should be supported and the social equity issues will also be addressed by the other bills before different committees of the House of Representatives.

Analysts believe marijuana sector players like Hemptown USA and HTC Extraction Systems (TSX.V: HTC) will be waiting keenly to hear what comes out of Congress when the bill is voted on.

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 – New Hampshire Assembly Overrides Veto on Marijuana Home Grows

The House of Representatives in New Hampshire voted on Wednesday to override Gov. Sununu’s veto of a bill that seeks to allow registered medical marijuana patients to grow a limited number of marijuana plants at home for their medical needs.

In the message that the governor wrote to explain his veto, Sununu said that allowing home cultivation would make it very hard for law enforcement to prevent marijuana from registered medical users finding its way onto the marijuana black market.

The House didn’t agree with his reasoning and they voted 259 to 120 to overturn the veto on House Bill 364. This measure now heads to the state Senate where it had earlier passed with a slim majority of 14 to 10.

Under current state law, it is illegal to grow medical marijuana at home even if one is a registered patient or caregiver. HB 364 wants to change this position and allow patients or their caregivers to have three mature cannabis plants, three immature ones, and a maximum of 12 seedlings.

Activists are calling on the state Senate to follow the lead of the House and vote to override the governor’s veto. These activists argue that it is currently very hard for many patients to travel long distances in order to buy the needed medical marijuana products from one of the only four licensed dispensaries.

To compound matters even further, the limited number of dispensaries means that the medical marijuana products available are more expensive than they would have been if there were more players in the sector competing against each other.

The activists therefore see home grows as an opportunity for patients to access the treatment that they need without facing financial ruin due to the high cost of manufactured medical marijuana products.

Two recent polls in the state revealed that nearly 70 percent of the residents support the legalization of medical marijuana. Furthermore, the three states neighboring New Hampshire have all allowed medical marijuana patients to grow a limited number of plants for their own use.

All eyes are therefore going to be on the senators and how they vote once this measure returns to the upper chamber of the state legislature. If all who voted for the bill earlier remain supporting the measure, then the proponents of the bill will have to convince at least two of the ten senators who voted against the bill to change their position and support it.

Without two-thirds of the Senate voting to override the veto, then the decision of the governor will stand and the status quo will remain for the 7,000 medical marijuana patients on the state program.

It is widely believed that the entire industry, including companies like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Green Hygienics Holdings Inc. (OTCQB: GRYN) will be following the developments around this bill closely.

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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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CannabisNewsWire420
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http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com