ChineseInvestors.com, Inc. (CIIX) Doubles Down on Commitment to Cryptocurrency

  • CIIX acquires equipment to participate in cryptocurrency mining; installing AntMiners and ASIC machines in secure datacenter, it intends to explore feasibility of earning coins such as bitcoin and Litecoin
  • Warren Wang, CEO of CIIX, said that the move positions the company to capitalize on the growing blockchain industry; firm already has a daily broadcast on cryptocurrencies and sponsors bitcoin ATM
  • CIIX may add graphical processing units (GPUs) and more mining equipment in the future

ChineseInvestors.com, Inc. (OTCQB: CIIX) is doubling down on its commitment to cryptocurrency. The company recently announced that it has acquired various pieces of equipment, including AntMiners, and installed them inside of a secure datacenter near Seattle. CIIX intends to use this equipment to explore blockchain mining (http://cnw.fm/6QXnU).

CIIX said that, based on initial reports, it believes that cryptocurrency mining will result in a successful venture. If this forecast proves correct, CIIX anticipates ordering 500 or more application specific integrated circuit (ASIC) units. Additionally, the company would consider purchases of graphical processing units (GPUs) and other equipment used for blockchain mining.

The goal of these efforts is to achieve minimum hash rates that are consistent with the equipment specifications by the end of CIIX’s fiscal year on May 31, 2018. ASIC chips are seen as the ‘hashing workhorses’ of AntMiner units (http://cnw.fm/4cVVi).

CIIX is a company focused on educating and informing its global Chinese-speaking audience on a variety of financial subjects. It also has a core consulting business that manages brand building and roadshows for clients.

Prior to this new focus on the exploration of actual cryptocurrency blockchain mining, CIIX had already assumed a leadership position in this industry. It hosts a bitcoin ATM in the lobby of its San Gabriel, California, headquarters. It also broadcasts a daily video from the floor of the NYSE, titled ‘Bitcoin MultiMillionaire’, reporting on cryptocurrency news. Additionally, CIIX maintains an online crypto news website at www.NewCoins168.com.

In a news release, Warren Wang, CEO of CIIX, explained, “The Company endeavors to be on the cutting edge of blockchain technology and to stay ahead of the curve in an effort to continue to build shareholder value and increase revenues this year… This initial step into cryptocurrency mining positions the company to capitalize on a growing industry which could have tremendous upside potential.”

For more information, visit the company’s website at www.ChineseInvestors.com

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

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

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Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Helping Smokers Light Up Less

  • Poised to revolutionize smokeless tobacco
  • Proven effective in cannabinoid delivery, undergoing testing for nicotine
  • An enabling tech seeking third-party partnerships within the tobacco industry

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is helping smokers light up less. Using LXRP’s revolutionary technology, smokers could be able to give up smoking without giving up nicotine. With one billion smokers worldwide, companies are seeking safer delivery technologies to help wean smokers from this deadly habit. Through third-party partnerships with major tobacco industry players, LXRP is poised to revolutionize smokeless tobacco (http://cnw.fm/YP8jF).

Lexaria is gaining prominence for its proprietary delivery technology. The company’s DehydraTECH™ technology, already proven effective in cannabinoid delivery, is undergoing testing for nicotine. Smoking is harmful due to the 4,000 chemicals released when the tobacco is lit up, even though the amount of nicotine absorbed by smokers represents a minimal hazard. Inhalation through the lungs is not healthy. Non-combusted food and drink through the human GI have been found to be much safer. However, previous methods of infusing tobacco in gum, mints or coffee have irritated the gastrointestinal tract, creating cramps and other symptoms, and required sweeteners to mask the bitter taste.

LXRP’s technology enables the delivery of bioactive substances via oral ingestion without the need for the unhealthy practice of inhalational dosing or the addition of unhealthy sugars or sweeteners. In addition, DehydraTECH acts as a Trojan horse, allowing the drug to enter the GI tract, and it is expected to reduce or eliminate uncomfortable side effects that smokers have experienced through previous edible food formats. DehydraTECH is powerful at accelerating intestinal absorption, having already been proven to decrease delivery-time to the bloodstream of edible cannabinoids from the previous 60-90 minutes to a mere 10-15 minutes.

Following its established model in the cannabis industry, Lexaria’s aim is to partner with tobacco companies rather than compete with them. It is an enabling tech, not a competing tech. In the cannabis industry, the company has entered into a licensing agreement with Biolog, Inc. (a Utah-based company not to be confused with a California cell phenotyping company of the same name) to create a unique set of next-generation food and beverage cannabis-infused products for the U.S. market. LXRP also recently entered into an agreement with Cannfections Group Inc. to create cannabis-infused chocolates and candies for the Canadian market.

Lexaria is now looking to out-license its DehydraTECH to third-party partners in the tobacco industry. These partnerships could pave the way for a healthier smoke-free option for the one billion smokers worldwide. Lexaria is the only company in the world that holds a patent for this oral technology, including the pill. A new U.S. patent award protects this nicotine delivery system, creating a path for what could be the world’s first nicotine edibles for the smokeless tobacco industry.

For more information, visit the company’s website at www.LexariaBioscience.com

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

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CannabisNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary Attends Cali-Baja Israel Mexico Innovation Expo

Payment solutions company Global Payout, Inc. (OTC: GOHE), through majority-owned subsidiary MoneyTrac Technology, Inc. (“MTRAC”), this morning announced its attendance at the Cali-Baja Israel Mexico Innovation Expo in Tijuana on March 20-21. Per the update, MTRAC provided key representational support for its partner, GreenBox, at the event, capitalizing on the opportunity to share the forward-thinking blockchain technology solutions offered by GreenBox with leaders from a wide range of industries. “The primary objective of attending this expo in partnership with GreenBox was to further our efforts in helping them develop their brand image and generate additional buzz for the impressive blockchain technology-based solutions they are prepared to deliver to a variety of target market sectors,” Vanessa Luna, CEO of MTRAC, stated in the news release. “I am very encouraged by the interest and overall excitement we received during the expo especially in knowing that it was received from individuals who are innovators and leaders in the world of technology solutions. My team and I recognize now more than ever the disruptive capabilities GreenBox can infuse into multiple high-cost banking industries and truly be a driving force behind bringing our mission of Banking the Unbankable to fruition.”

To view the full press release, visit http://cnw.fm/W97eV

About Global Payout, Inc.

Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments. For more information, visit www.GlobalPayout.com

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

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

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Marijuana Company of America, Inc. (MCOA) Provides Turnkey Services to Hemp Growers

  • Hemp cultivation in the U.S. is on the rise
  • 33 U.S. states have dismantled barriers to hemp production
  • MCOA provides turnkey services to growers and distributors

Hemp is back! After a hiatus of 77 years, cultivation of hemp in the U.S. began again after the passage of the Farm Bill in 2014. The Farm Bill allows departments of agriculture and institutions of higher learning in states that have legalized hemp cultivation to grow hemp for research and pilot programs. Hemp grown for such purposes is now no longer subject to the provisions of the Controlled Substances Act (CSA), although, unfortunately, commercial cultivation still is. Despite the continued federal restriction on growing hemp, a majority of states (33) have dismantled barriers to hemp production, and U.S. hemp output doubled from 2016, with about 1,500 state hemp cultivation licenses being issued in 2017. These growers can turn to Marijuana Company of America, Inc. (OTC: MCOA) to get their enterprises off the ground. The company provides turnkey services to the legal cannabis and hemp industries. It also, through wholly owned subsidiary hempSMART™, delivers all of the benefits of hemp-derived cannabinoid (CBD) products to the world through its unique marketing and distribution platform.

The domestic network of hemp farmers and cultivars is set to expand as regulations ease. For example, research has shown that, instead of graphene, hemp bast fiber may be used in super-capacitor batteries to power electric vehicles (EVs) and handheld electric devices and tools. In addition, hemp fiber has long been a staple of housing construction in some cultures; now, it’s building American homes. Hemp houses are on the rise, as hempcrete, which is energy-efficient, non-toxic and resistant to mold, insects and fire, has many advantages over synthetic building materials, lumber and concrete. Hemp fiber can also be used to create environmentally friendly composites and hard bio-plastics for use in everything from airplanes to car parts.

Hemp seeds are also one of the fastest-growing categories in the natural foods industry. A rich source of Omega-3 and Omega-6 essential fatty acids (EFAs), these seeds provide both stearidonic acid (SDA) and gamma-­linoleic acid (GLA), as well as naturally occurring vitamins and minerals, such as vitamin E and iron. Hemp seeds are also an excellent source of dietary fiber and a complete protein, containing all 10 essential amino acids with no enzyme inhibitors, which makes them more digestible by the human body.

Through wholly owned subsidiary hempSMART™, MCOA is bringing high quality CBD-based products derived from industrial hemp to market through its affiliate marketing program. Its patent-pending product, hempSMART Brain, provides safe and effective support of healthy brain function, while its recently launched HempSMART DROPS is a full-spectrum CBD tincture formulated with hemp and fractionated coconut oils. The company recently debuted its new encapsulate product, hempSMART Pain, formulated with 10mg of full spectrum, non-psychoactive CBD per serving, which, along with a proprietary blend of other natural ingredients, delivers an all-natural formulation for the temporary relief of minor pain associated with physical activity.

MCOA has also collaborated with the founders of HoneyB Healthy Living to develop Convenient Hemp Mart, LLC’s BeniHemp-branded products targeting convenience stores. The brand was officially launched at the recent ASD Market Week (March 11-14, 2018) business trade show in Las Vegas (http://cnw.fm/G74iX). Convenient Hemp Mart has developed a collection of Benihemp-branded, sample-sized products for consumers, including topicals, tinctures and edibles packaged in 1-day, 2-day, and 30-day supplies. The target markets for these offerings are convenience stores, smoke shops, gas stations and similar types of retail businesses where CBD commerce has a greater likelihood of generating sales from the impulse buyer at the register.

As legitimization of the hemp industry progresses, Marijuana Company of America has positioned itself at various points in the value chain. The company not only markets a wide range of hemp-derived CBD products; it also provides turnkey services for marketers and growers alike.

For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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

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

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Compensation Disclosure

Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), we are disclosing that we entered into a contract with Marijuana Company of America, Inc. The Company agreed to compensate us with $5,000 USD a month for our services.

Medical Cannabis Payment Solutions (REFG) Now Available To Entire Legal Cannabis Industry

  • REFG fully launched its payment system services to the entire industry
  • Technology is fully FinCEN-compliant
  • Bitcoin payments are on the horizon with Green

 Medical Cannabis Payment Solutions (OTC: REFG) seeks to provide end-to-end management for medicinal marijuana operations. The company serves the medical cannabis and banking industries through state-of-the-art comprehensive card processing operations, and it has now fully launched its payment system services to the entire legal cannabis industry. The company previously worked only with targeted industry establishments, but its platform is now available to all state-sanctioned establishments in the U.S. and abroad. The company is the first of its kind, empowering cannabis businesses with an advanced client management system that tracks both sales and tax collection. REFG has solved the problem of banking and cashless payments within the cannabis industry.

The company offers electronic payment and e-commerce features that allow businesses direct and immediate access to funds. One of the advantages of using REFG’s top-tier digital payment processing system, Green, is its compliancy with FinCEN. The system tracks sales and tax collection while providing businesses with an advanced client management system. If a business is called on to prove compliance with financial regulations within the cannabis industry, the company cooperates with authorities and defends the client’s interests.

In addition, Green provides cannabis retailers and consumers with payment options other than cash. Consumers can purchase items using U.S. currency, and they will soon be allowed to pay with bitcoin. In November 2017, REFG announced that integration with First Bitcoin Capital’s Weed Coin cryptocurrency and StateSourced’s medical cannabis payment gateway services will soon enable cryptocurrency payments. This will increase the ease of payment and cash handling in the cannabis industry and will allow consumers to overcome many regulatory obstacles.

With growing trends toward widespread legalization, both in the U.S. and abroad, REFG is strategically positioned for growth as the only company on the market that’s currently offering a completely integrated payment processing system tailored to the cannabis industry.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

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

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

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Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Signs Deal to Open Multiple Choom™ Branded Retail Dispensaries

  • Choom™ is a high-quality hand-crafted cannabis brand created for the Canadian recreational market
  • Last month, the company opened retail opportunity to entrepreneurs and businesspeople across Canada
  • Choom™ inked first deal, not for just a single store, but rather for an entire territory

Set to be legalized in July of this year, Canada’s recreational marijuana market is estimated to exceed $8.7 billion annually. That figure doesn’t include ancillary businesses such as paraphernalia, weed-related tourism, testing labs and security services. All factored in, the market potential jumps to up to $22.6 billion a year (http://cnw.fm/h2lwW). The general consensus is that the marijuana market in Canada will only continue along an upward trajectory. Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) is rapidly positioning itself to become the premier recreational cannabis brand in Canada and capture a significant portion of this newfound cannabis bonanza.

Choom™ is a high-quality hand-crafted cannabis brand created exclusively for the Canadian recreational market. By cultivating outstanding bud as well as an exceptional customer experience, Choom™ intends to become the recognized market leader in reaching the cannabis consumer. To achieve that end, Choom™ is developing a chain of modern, stylish dispensaries designed by the same team responsible for some of the most desirable retail environments in Canada. The company has expanded the opportunity to entrepreneurs and businesspeople interested in participating in the lucrative new recreational marijuana market by registering for their own Choom™ stores.

Announced only about a month ago (http://cnw.fm/QV1av), the response to owning a Choom™ store is exceeding expectations, as savvy business folks are lining up for a piece of the cannabis pie. This comes as little surprise, since legal recreational marijuana dispensaries are expected to generate more revenue per square foot than Whole Foods. In line with this response, the company recently announced that it has signed the first agreement in its retail investor program (http://cnw.fm/Er5eq).

Following its bold agenda, Choom™ has inked a deal not for just a single store but rather for an entire territory. A consortium of local investors and business partners known as the ‘Thompson Okanagan Choom Group’ has secured the exclusive territory rights to open multiple Choom™ branded retail dispensaries in the Thompson-Okanagan region. The Thompson-Okanagan region is a tourist magnet located in the central interior of British Columbia and offers wineries, boating and loads of outdoor activities. The investment consortium is led by Debra G. Adams, Sherman Dahl, Imre Kovacs and Kent Adams, all of whom are excited about the Choom™ opportunity. In a news release, Adams stated, “We’ve been closely monitoring the explosion of Cannabis companies in Canada and are very pleased to be working with a ‘best in class’ operator such as Choom™. The branding, professionalism and style of Choom™ is second to none and our team can’t wait to get started!”

By cultivating outstanding bud as well as an exceptional consumer experience, Choom™ is likely to attract evermore retail partners and is fast on its way to establishing a significant retail footprint and becoming a recognized leader in the Canadian recreational cannabis markets.

For more information, visit the company’s website at www.Choom.ca

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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.

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

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Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Seeking its Share in the Anticipated Canadian Recreational Marijuana Market

  • Potential Canadian marijuana market upside estimated at $22.6 billion
  • Choom™ strategy is soil-to-shelf integration through cultivation, branding and retail marketing
  • Company seeking phase 1 and 2 revenue growth in Vernon and Vancouver Island, British Columbia, Canada

Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) is focused on the recreational marijuana market in Canada and is projecting revenues from its retrofit and expansion efforts in Vernon and Vancouver Island, British Columbia, Canada. In its investor presentation of March 2018 (http://cnw.fm/pER7I), the company positioned itself to become a branded, fully integrated cannabis company in the recreational marijuana market of Canada. Its plans for growth include its own product cultivation, retail expansion and acquisitions.

In its presentation, Choom quotes the ‘Canaccord Genuity Canadian Cannabis Industry Overview’ as projecting that the total marijuana market will reach $6 billion by 2021. It finds that recreational users will outnumber medical marijuana users by almost eight times, calling for 3.8 million recreational users to roughly 500,000 medical users.

The Vancouver-based company is focused on branding, building a chain of its own Choom retail dispensaries, positioning its premium brand and acquiring production assets.

Choom has two significant projects. Through its presence in Vernon, British Columbia, it expects phase 1 revenue of $6.6 million, with $15 million from phase 2. A retrofit is scheduled for completion by July 2018, and expansion is planned for the end of 2018. In Vancouver Island, British Columbia, phase 1 potential revenue is estimated at $4.5 million, with $9 million in phase 2. All revenue projects exclude oils. Retrofit completion is scheduled for July 2018, and phase 2 expansion completion is planned by the end of 2019.

The larger picture focuses on the total marijuana market’s potential upside of $22.6 billion, according to the Deloitte Recreational Marijuana/Insights and Opportunities report (http://cnw.fm/ii5J6). This upside figure represents the additional revenue from growers, tourism, license fees, business taxes and base retail market value.

As it grows, Choom’s shares are now Depository Trust Company (“DTC”) of New York-eligible, allowing for easier trading of Choom shares on the OTC (http://cnw.fm/v72CO). The company recently named Chris Gagan as its senior vice president of marketing, making him responsible for the development of the Choom brand and retail marketing (http://cnw.fm/Nh6hM).

For more information, visit the company’s website at www.Choom.ca

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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.

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

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Nevada Eyes Denver’s New Pot Lounges, Las Vegas to Come to the Table in 2019

  • Denver presents the first recreational cannabis lounges
  • Las Vegas officials cautious about pot lounge endeavors until 2019 legislative meetings
  • Pilot projects in effect to weigh pros and cons of new recreational marijuana use

Denver’s first social-use marijuana permit was awarded to The Coffee Joint in early March of this year, establishing it as the first of what looks to be many pot consumption lounges to open in the coming years. Denver’s cannabis consumption establishment makes allowance for those who are over 21 to consume legal quantities of pot through methods of consuming edible products, vaping and dabbing within the venue itself, with the sole exclusion of smoking only being allowed outdoors (http://cnw.fm/YXa0Q).

City officials in Las Vegas are currently waiting on the City of Denver to approve the country’s first marijuana club, prior to their own discussions revolving around the licensing and regulation of lounges dedicated to marijuana within Las Vegas. With Nevada having permitted the lawful sale of recreational marijuana in July of 2017, a great demand has been placed on related commercial industries brought by the tourists that visit the state. The law mentions, however, that no public consumption of the substance is allowed outside of private residences.

In a public meeting following discussions around the opening of pot lounges, Commissioner James Gibson of Clark County, Nevada, said, “I don’t know if we need to be the first or not, I don’t see any reason why we have to be first, but we certainly have to be right.” Gibson went further to say that regardless of what happens, officials need to do their part and remain consistent through implementation of thorough procedures.

Denver’s announcement in August of 2017 allowed for the submission of applications by businesses that are looking to open marijuana clubs. Up until now, there have been few developments in this regard, with the slow start having been expected because of overly extensive application procedures. “What I have heard from the commission today is that they are open to the idea in concept, but they are not ready to move forward,” added Andrew Jolly, storeowner and president of the Nevada Dispensary Association. Jolly mentioned further that the presentation of a pilot project is the intention. This process would then critically highlight several pros and cons regarding the matter at hand.

As mentioned in the Las Vegas Sun, both the Las Vegas City Council and the Clark County commission have taken a ‘wait-and-see approach’, this being the first notable time that any timeframe of the endeavor had been given. As the situation currently stands, industry advocates have had their eyes on public lounges for consumption since the start of recreational sales last July. It is with the notion of over 40 million tourists entering Nevada each year, with the restrictions on cannabis consumption severely limiting use within hotels and casinos.

The Clark County Commission is currently planning to wait on public consumption of marijuana until the 2019 state legislature meetings. Chris Giunchigliani, county commissioner, urged that his group first wants to monitor the social use implementation in Denver prior to any decisions on their part (http://cnw.fm/eF4sX).

State Senator Tick Segerblom put forth his disappointment in that his vision of Las Vegas being the first major city within the United States to open marijuana lounges did not come to fruition. The step taken by Denver was noted to be a step forward, with the potential of benefiting Nevada. A further step forward would see the allowance of smoking the substance within lounges, with consumers not necessarily being restricted to consuming edible products, vaping and dabbing, as is the case in Colorado. It is with great anticipation that Las Vegas is awaiting the 2019 legislature meetings to prove successful within the recreational cannabis consumption industry.

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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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Marijuana Company of America, Inc. (MCOA) Creating a Diversified Range of Synergistic Opportunities in Hemp Sector

  • MCOA is involved in the production and distribution of high quality hemp-derived CBD products
  • Company continues to add high-demand retail products
  • Strategic investments and joint ventures offer broad-based opportunities

In spite of all of the short-term political gyrations, the cannabis and hemp markets continue to bloom. The demand for cannabidiol (CBD) products remains persistent, and there are many attractive opportunities in the sector.  Marijuana Company of America, Inc. (OTC: MCOA) is in position to thrive in spite of any short-term contortions in the cannabis and hemp markets. The company’s low-risk, high-return profile results from its focus on industrial hemp-based CBD products and its portfolio of synergistic companies that operate in the space. MCOA has already undertaken multiple initiatives, building a portfolio of investments and joint ventures in the space.

MCOA recently invested $100,000 into Convenient Hemp Mart, LLC’s Benihemp-branded CBD product line for a 25 percent equity interest in Convenient Hemp Mart, LLC. BeniHemp products include topicals, tinctures and edibles, conveniently packaged in one-day, two-day and 30-day supplies. The target markets for these products are convenience stores, smoke shops, gas stations and similar types of small retail businesses where CBD commerce has significant potential to generate sales from the impulse buyer at the register. Convenient Hemp Mart officially launched the Benihemp product line at ASD Market Week (www.ASDOnline.com) in Las Vegas, Nevada, which took place from March 11-14. The trade show hosted 45,000 buyers from over 90 countries, representing major department stores, convenience stores, gift shops, grocery stores and other retail outlets.

Visit the Convenient Hemp Mart, LLC website at www.ConvenientHemp.com

Marijuana Company of America’s other line of hemp-based CBD consumer products is researched, developed and sold via an affiliate marketing model under the brand name hempSMART™. hempSMART™ sells a variety of wellness products on its website, including full spectrum bioavailable CBD drops, pain capsules with a blend of premium CBD and botanical supplements, pain cream and the latest new product targeting the booming $70 billion pet care market, hempSMART Full Spectrum Pet Drops. MCOA utilizes a unique hempSMART affiliate network-marketing program to promote and sell its hemp-based CBD consumer products.

In conjunction with joint venture partner Global Hemp Group Inc. (OTC: GBHPF), MCOA successfully cultivated industrial hemp during the 2017 growing season. For this phase of the project, hemp was grown for research purposes, as this was the first time in 20 years that industrial hemp was grown in northeast New Brunswick. The joint venture partners are now focusing on the next season of crops. Farmers have been recruited, and a minimum of 125 acres of hemp cultivation is planned for 2018, with the goal of increasing the acreage under cultivation to 1,000 acres by year three of the project. This first commercial crop will focus on CBD extraction. In addition, discussions are underway regarding the purchase of extraction equipment for cannabinoids and straw processing equipment for building materials. The companies expect the facilities to be in place and operational for the 2018 harvest in October.

In a joint venture with Bougainville Ventures Inc., MCOA further expanded its portfolio by completing financing of $800,000 in cash and 15 million shares of the company’s common stock, in full satisfaction of the amended agreement, to begin construction of a turnkey 30,000 sq. ft. state-of-the art agricultural cultivation and processing facility in Oroville, Washington. The turnkey facility will accommodate Bougainville’s contracted cannabis production and processing tenant with an approved Tier 3, I-502 license.

Marijuana Company of America’s diversified business plan is rapidly creating a broad range of opportunities with synergistic companies, positioning the company well into the future.

For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

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

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

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net

Compensation Disclosure

Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), we are disclosing that we entered into a contract with Marijuana Company of America, Inc. The Company agreed to compensate us with $5,000 USD a month for our services.

PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Details Cannabis Exportation Agreement for Sol-gel Research

  • Permits obtained for importation of cannabis into Australia
  • PreveCeutical conducting research at University of Queensland for cannabinoid-based Sol-gel products
  • Cannabis-based Sol-gel products targeted at relieving symptoms such as pain, inflammation, seizures and neurological disorders

PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H), a health sciences company aiming to become a preventive health sciences leader, has announced the grant of three permits from the Australian government’s Department of Health allowing for the importation of cannabis into Australia for purposes of research. The permits, which have been granted to the Pharmacy Australia Centre of Excellence (PACE) at the University of Queensland, will allow PACE to import cannabis plant material shipments for research purposes. Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) (FSE: 21P) (WKN: A1C4WM) will export the cannabis to PACE and has obtained the necessary Canadian permits to do so. Once shipped by Aurora, the cannabis will be used in PreveCeutical’s drug delivery research program for its Sol-gel (soluble gel).

The Sol-gel drug delivery research program, which is being undertaken at the University of Queensland, targets the development of a system that will enhance the bioavailability of drugs using a nose-to-brain delivery system. The program is being conducted by PreveCeutical’s research partner, UniQuest Pty Inc., and is being led by PreveCeutical Chief Research Officer Dr. Harendra Parekh.

The intention of PreveCeutical is to apply its Sol-gel technology to cannabinoids for the development of therapies to relieve a variety of symptoms, including pain, inflammation, seizures and neurological disorders. The permits obtained by PACE will allow PreveCeutical to test various cannabis strains for the development and commercialization of cannabinoid-based Sol-gels. Sol-gels boast a variety of advantages over traditional liquid nasal sprays, offering longer therapeutic effects, lower dosage requirements and a reduction in irritation and other unwanted side effects.

In consideration of its cannabis shipment for the research program, Aurora Cannabis has been granted certain rights, including an option to either license (on a nonexclusive basis) the Sol-gel technology for Canada and Australia or to choose a royalty arrangement on product sales, along with an option to purchase PreveCeutical shares. Part of Aurora’s strategy in becoming involved with PreveCeutical’s initiatives is gaining access to cannabis-based products that are more narrowly targeted at specific therapeutic areas but with a higher value add.

For more information, visit the company’s website at www.PreveCeutical.com

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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.

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

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.net