Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of GrowPods, is seeing interest in the environmentally controlled micro-farms that allow cultivation of ultraclean crops year-round. According to a recent article that contains excerpts from a GreenBiz piece titled, “How Vertical and Indoor Farming Can Supplement the Food Supply Chain,” innovators have developed new technologies such as indoor and vertical farms designed to supplement outdoor farming and solve the issue of limited cultivation land. The piece notes that “the systems often recirculate water, which can be more efficient than how water is used for other types of crops. Light and temperature can also be controlled, and since there is no exposure to pests, no chemistry is needed…. [The farms] can be built anywhere. That means food such as leafy greens can be grown closer to population centers.” Experts also believe that while indoor and vertical farming will not feed the world, it can supplement the supply chain. “These are only a few of the advantages that GrowPods, which are self-contained, automated, indoor micro-farms, offer users. These innovative containerized growing systems are designed with functionality and ease of use in mind. The pods are configured to optimize plant growth while minimizing labor; setup is quick and simple, no pesticides are needed, and the containers produce harvests all year long.”

To view the full article, visit https://cnw.fm/vrVue

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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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Last week, the Department of Veterans Affairs rejected an application made by a veteran  requesting that his hemp product firm be recognized. In its denial letter, the department stated that the department could not endorse the business because it was involved in products derived from the same genus of the marijuana plant, which would give the impression that a federal agency was endorsing the plant.

This rejection highlights the confusion around hemp’s legal status, which is defined as cannabis sativa L., and its derivatives, which contain less than 0.3% THC under U.S. law. Marijuana products with higher THC concentrations are still classified as Schedule I substances and remain illegal under the Controlled Substances Act.

The company in question, Holistic Serendipity LLC, operates under a native ceuticals licensing agreement. The company, which is owned by Zack Zindler, was seeking certification as a veteran-owned, service-disabled small business. This designation would allow the company to compete for contracts in the federal government.

While some federal agencies allow companies to self-certify service-disabled veteran-owned small businesses, the Department of Veterans Affairs requires that businesses be verified through its Center for Verification and Evaluation. Director John Perkins stated in the letter denying the application that verification would grant the company the ability to use the VA’s veteran-owned business trademark, which would give the appearance that the department was promoting the use of a Schedule I controlled substance.

The letter also made it clear that Native Ceuticals Tampa was a hemp company, noting that, based on online research as well as the documentation submitted, it sold products derived from hemp.

Zindler started his company last year in May. His objective, he said, was to offer alternatives to pharmaceuticals and narcotics for members of the military who were recovering from mental health conditions such as post-traumatic stress disorder or physical injuries. In his statement, the Marine veteran revealed that hemp had helped him regulate and process his emotions as well as helped him manage physical ailments, without side effects or dependency.

Zindler also revealed that he’d applied for a federal contracting program in an attempt to reach more military service members, which required him to seek verification from the Department of Veterans’ Affairs as a service-disabled, veteran-owned small business.

Currently, hemp is legal under federal law and was legalized under the 2018 farm bill. Earlier this year, however, a measure was filed in Congress that would increase hemp’s THC limit to 1%.

It is this kind legal or regulatory confusion that indirectly makes it more challenging for entities such as Advanced Container Technologies Inc. (OTC: ACTX) because potential clients may become hesitant after reading stories such as the one Zindler shares.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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Last week, members of the Cannabis Regulators Association (CANNRA) penned a letter to leaders of congress. The letter’s primary signatories were regulators serving in Washington, Oregon, Nevada, Minnesota, Michigan, Hawaii and Georgia.

In the letter, the nonpartisan association outlined primary aspects of worry for the respective cannabis markets in their states. While it didn’t endorse the SAFE Banking Act directly, the letter did highlight that the absence of safe financial and banking services for marijuana industry actors and for the individuals involved in marijuana marketplaces was a public safety matter.

Legislators are currently holding a debate to attach the language of the SAFE Banking Act to the America COMPETES Act.

The letter stated that nearly all territories and member states of the association had been negatively affected by the lack of banking and financial services for marijuana businesses and those who worked with the marijuana industry. The primary issues the association identified concerned public security and safety, the need for small as well as minority-owned companies to have access to financial institutions and the lack of access to depository and banking services.

This banking issue has compelled many cannabis businesses into operating on cash-only terms, which makes them targets of criminal activity and threatens the public safety of communities and neighborhoods across the country.

In the letter, the association cited instances of recent robberies and violent crimes that took place at retail outlets in various states these last few months. The association noted that access to conventional banking services will strengthen efforts to prevent criminal enterprises and diversion and offer regulatory agencies better insight into legitimate operators.

The letter also highlighted that this issue was impacting small plus minority-owned businesses. The letter explained that while big businesses had the capability to identify and then use alternatives for financial transactions, small businesses struggled with this and were often left to operate on cash-only terms with no access to capital, which in turn affected their viability as well as success in the legal cannabis space.

CANNRA noted in the letter that this grew the already unequal playing field, which existed for small as well as minority-owned marijuana businesses.

Additionally, absence of access to safe banking also made it harder for marijuana regulators to promote equity and safeguard public health as well as consumer safety, in addition to promoting regulatory certainty with regard to those involved in the industry. CANNRA then urged Congress to accord prominence to policy approaches that promoted safe banking. This comes as more legislators, including Rep. Earl Blumenauer and Sen. Patty Murray, call for the advancement of the SAFE Baking Act.

Plant-touching and non-plant-touching companies alike, such as Advanced Container Technologies Inc. (OTC: ACTX), may be following the proceedings in the bicameral conference closely since the report the conference submits could have far-reaching consequences for the cannabis industry.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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Advanced Container Technologies (OTC: ACTX) today announced that its GrowPods — innovative modular hydroponic farms — can give grocers the ability to grow and sell ultra-clean and fresh strawberries and leafy lettuce, kale and micro-greens from a self-contained unit that can be located as nearby as the store’s parking lot. The announcement includes examples of grocers “taking farm-to-table to a whole new level,” including, according to Progressive Grocer, Kroger Company (NYSE: KR) providing customers with hydroponic produce right at the point of purchase. “Our modular hydroponic farms not only produce ultra-clean, vine-ripened strawberries and leafy greens, but also provide other sustainability benefits such as cutting freight emissions, lowering water usage and prolonging shelf life,” said Doug Heldoorn, CEO of Advanced Container Technologies. “Additionally, that experience of going into a grocer and essentially buying right off the vine is compelling from a customer experience standpoint.”

To view the full press release, visit https://cnw.fm/pI4gg

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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Earlier this week, Rep. Earl Blumenauer sent a letter to the U.S. Department of Transportation urging the federal agency to reform its cannabis testing policies for truckers and other commercial drivers. The congressman explained that these drug tests unnecessarily cost individuals their jobs and also contribute to issues in the supply chain. In the letter, he cited data from the department showing that thousands of drivers lost their jobs due to strict THC drug-screening policies.

Blumenauer explained that while no individual wanted impaired drivers on U.S. roads, there didn’t exist tests that could detect impairment, which meant that these individuals were being punished for using marijuana while they were off duty or even some days or weeks before they got tested. The congressman emphasized that these disqualifications penalized patients and individuals of color who legally used medical marijuana, decreased the workforce despite the increasing demand for drivers, and denied individuals the right to earn a living, which was why this issue needed to be dealt with urgently.

Blumenauer told Pete Buttigieg, the transportation secretary, that the Department of Transportation needed to develop an accurate test to measure impairment and also reform testing requirements for drivers.

Buttigieg, who hasn’t commented on the department’s cannabis testing policies before, has in the past called for the legalization of marijuana and the decriminalization of other drugs that are still classified as illegal substances.

Currently, the Department of Transportation has made it compulsory that drivers undergo a urine test, which experts and advocates say is problematic. This is because metabolites of THC can stay in an individual’s system for weeks after cannabis has been consumed.

A proposed change in policy would enable the use of saliva-based tests. THC can usually be detected in saliva anywhere from 1 to 24 hours after the use of marijuana. The new proposal also establishes a cut-off point for testing for THC, which will stand at four nanograms per ml. This cutoff will enable the detection of cannabis while eliminating the possibility of getting a positive test from passive exposure.

During a recent press briefing, Blumenauer also stated that the federal government needed to allocate resources to find alternative methods that could be used to determine impairment. Blumenauer, who is the Congressional Cannabis Caucus’ cochair, added that blanket disqualifications caused widespread social and economic damage, and were also unfair and wild. In addition, he explained that the policies around drug testing and cannabis had a different impact on individuals, as individuals of color were more likely to be targeted. This is despite reliable data showing that there were similar rates of marijuana use across races.

As the policies around marijuana continue evolving, it is likely that more people will engage in the home cultivation of this plant by making use of the microfarms or gardens commercialized by Advanced Container Technologies Inc. (OTC: ACTX) so that they can have affordable medical cannabis of a high quality.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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Advanced Container Technologies (OTC: ACTX) is ideally situated to help meet the needs of the new U.S. Department of Agriculture’s (“USDA”) Local Food Purchase Assistance Cooperative Agreement Program (“LFPA”), which sets out to build a new and more equitable food system. The LFPA is intended to enable “state, tribal and local entities to purchase food more efficiently from local producers and invest in infrastructure that enables partner organizations to reach underserved communities more effectively,” a recent article reads. “According to Advanced Container Technologies, its GrowPods – modular hydroponic greenhouses – could become a valuable tool in this effort to build more resilient local and regional food production capabilities. ‘With GrowPods, cultivation can be moved directly into the areas where food is needed,’ the company noted. ‘Additionally, locating the pods nearer to the point of consumption allows food to be harvested at its peak nutritional value and greatly reduces the carbon and environmental impact of the nation’s current food chain, which relies on trucks carrying mass quantities of produce across the country.’ GrowPods offer a controlled environment with major advantages for the production of high-value crops. The ability to grow crops year-round while cultivating in a smaller footprint using less resources makes the systems particularly well suited for programs such as the LFPA.”

To view the full article, visit https://cnw.fm/vTduh

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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People in North America have grown to expect to see a Starbucks outlet almost on every street corner. However, available information on cannabis sales suggests that marijuana could overthrow this coffee giant as legal sales of marijuana exceeded those recorded by Starbucks by a wide margin.

This is no small feat by the marijuana industry, given the fact that only 39 of all the states in the U.S. have legalized marijuana in some form, either for medicinal or/and for recreational purposes. In contrast, Starbucks has been around since the early ‘70s, and coffee has always been legal, while the legal marijuana industry traces its journey to 1996 when California voters approved a measure establishing a medical marijuana industry. The journey to complete legalization across the country is still on.

This history makes the 2021 sales records for marijuana and Starbucks all the more fascinating. Both industries grew last year, with Starbucks revenue increasing by an impressive 25%. However, marijuana edged Starbucks on the growth scale; cannabis sales saw a year-on-year growth of 30%.

As already mentioned, marijuana is legal in different jurisdictions for different reasons. Many people who used the substance obtained from state-legal sources in 2021 did so to combat pain, to improve sleep or to simply have fun as marijuana is legal for recreational use by adults in many states.

It should be remembered that the COVID-19 pandemic was still in full swing for most of 2021, and this could have had an influence on marijuana use patterns across the country. For example, some people may have used the substance as a way to cope with the anxiety brought on by the pandemic. This anxiety could also explain why for the first time in a long time, cigarette use saw an uptick; the previous trend was for smoking to decline year after year.

The trajectory of the growth in the revenue generated by the legal marijuana industry in the U.S. is likely to keep going up given that a number of states, including New York, have modified their cannabis policies and are soon to begin commercial sales while several other states are considering passing legalization laws.

Additionally, efforts are underway to reform the federal marijuana laws. For example, Chuck Schumer, the Senate Majority Leader, is expected to unveil his comprehensive marijuana policy reform bill sometime before August. All these winds of change paint a positive picture for the industry’s future as well as for the future of players that indirectly serve the industry, such as Advanced Container Technologies Inc. (OTC: ACTX).

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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The National Institutes of Health (NIH) has published a notice calling on interested researchers to apply for funding to facilitate studies related to the role cannabis can play in various aspects of cancer treatment. In that notice, the federal agency revealed that one out of every four patients with cancer report using marijuana products in order to manage the symptoms they experience. These symptoms include pain, nausea and anorexia. However, NIH points out that despite these reasons for using marijuana, there is scant research about its efficacy and any potential risks that the cancer patients may be exposing themselves to.

The funding is therefore intended to promote studies geared at understanding the different mechanisms through which cannabinoids and cannabis in general influence cancer biology, interception and treatment as well as cancer resistance. Studies looking into oncology symptom management also qualify for the federal funding.

The notice also delves into an overview of existing studies exploring marijuana’s relationship with cancer. According to the NIH, the present epidemiological studies on cancer and marijuana haven’t yielded consistent or definitive findings. For instance, some studies suggest that smoking marijuana exposes an individual to harmful compounds, but no study has so far been able to demonstrate a link between smoking marijuana and increased cases of lung cancer.

The National Institutes of Health also provides eight areas of interest that qualify for funding by the federal agency. These include how ethnicity or sex disparities manifest when cannabinoids and marijuana are being used to treat cancer or manage the symptoms triggered by cancer treatment; developing relevant study models through which a better understanding of the role of marijuana in cancer treatment can be attained; and defining the exact effects that marijuana/cannabinoids have on the treatment of cancer, among other study areas.

There is a rider stipulating that the list of eight items isn’t exhaustive and that scientists looking into any other aspect of marijuana in the treatment of cancer can apply, especially those planning to make use of expertise drawn from diverse disciplines and those making use of highly rated study models that are relevant to humans.

Despite the federal government’s insistence that marijuana remains classified under Schedule 1 of the CSA, many federal agencies are intensifying their efforts in supporting research aimed at documenting the therapeutic effects and possible side effects of marijuana. Such federally funded studies could go a long way toward gathering evidence that can be used to push for a reclassification or even legalization of cannabis, at least for medicinal purposes.

As more data becomes available about the therapeutic effects of marijuana, companies that make products easing the cultivation of this and other plants, such as Advanced Container Technologies Inc. (OTC: ACTX), could register a surge in demand as more jurisdictions permit cannabis home grows.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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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Advanced Container Technologies (OTC: ACTX) today announced that its innovative modular hydroponic farms can help farmers lower costs and boost production during these trying times. “Rising fuel prices are hitting some farmers hard,” according to Fox News. In addition, unprecedented issues with the supply chain, the pandemic and now the war in Ukraine have made this a very difficult time to be a farmer — or anyone involved with food production. Further, according to the Chicago Sun Times, access to affordable, healthy food is a significant problem that impacts 40 million Americans. Large numbers of people live in food deserts, contributing to “higher diabetes and heart disease rates, increased poverty and lower educational outcomes.”

ACTX’s innovative Modular Hydroponic Farms can be located virtually anywhere and provide a smart way to grow organic fruits and vegetables without pesticides, herbicides or risk of contamination. The farms require no fuel for tractors or other heavy equipment and produce more crops with less water per acre than traditional farming. Modular Hydroponic Farms can provide community groups the ability to grow organic food locally, where it is most needed. “Food must be protected and prioritized as a human right,” said Doug Heldoorn, CEO of Advanced Container Technologies. “Governments, the private sector, entrepreneurs, schools, community groups, farmers, foundations and even grocery stores should be prioritizing the deployment of portable farming systems to drive the shift toward a more sustainable, resilient global food system.”

To view the full press release, visit https://cnw.fm/8gI7x

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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According to a recent report by Reason Foundation, the high taxes levied on state-approved marijuana products as well as the “marijuana deserts,” or localities and municipalities that have banned cannabis sales, have helped the black market to thrive within the state.

Geoffrey Lawrence, the managing director of Reason Foundation, says approximately 80% of the localities in California have enforced bans or some form of restriction on marijuana cultivation and sale. He also says that retail outlets are few and far between for the more rural regions of the state. This makes it hard for residents in these areas to access marijuana from licensed sources. Consequently, illicit suppliers have taken advantage of this situation to meet the demand that cannot be satisfied by regulated companies.

To show how significant this shortage of retail outlets is, Lawrence points out that nearby Oregon has a cannabis retail facility for every 6.1 residents while the more populous California has a licensed outlet for every 29.2 residents. This per capita distribution of marijuana retail outlets creates opportunities for black market operators to fill the gaps left by state-regulated cannabis suppliers.

Law enforcement agencies say that many illegal cannabis grows exist in northern California as well as in southern Oregon. A number of these illicit grows are run by Mexican drug cartels, and there are concerns that these gangs could be using illegal immigrants to work in those cultivation sites.

Reason Foundation is calling on the state government in California to reduce the taxes imposed on marijuana products so that the cost can come down and squeeze black market operators out of the sector. To support this argument, Lawrence says that Oregon imposes 17% as state tax and allows localities to levy an extra 3% or less.

As a result, Oregon doesn’t have as much of a black-market problem as California does, where the state levies a 15% excise tax, 8.5% as sales tax, and several local taxes on cultivation and manufacturing as well as retail and distribution taxes. These numerous taxes make legal cannabis at least 40% more expensive when compared to what is available on the black market.

Once these taxes are reduced, sector players will have a better chance of running profitable enterprises as more people will abandon black market cannabis in favor of legally sourced products.

The report released by Reason Foundation also calls on authorities to look for ways through which local authorities can be encouraged to permit cannabis business activities in order to make marijuana more accessible to those interested in it.

When tax reform is paired with innovations such as the “micro farms” distributed by Advanced Container Technologies Inc. (OTC: ACTX), sector actors in the cannabis industry will have a shorter, more sustainable path to profitable operations.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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