America’s state-legal cannabis industry has achieved quite a lot in a little over a decade. Generating billions of dollars in revenue, it has created hundreds of thousands of new job opportunities and provided states with millions in tax revenue. The industry is projected to grow even larger as it matures and more states join; one group of people who are poised to benefit from the cannabis legalization boom are military veterans.

Cannabis’ federal classification as a Schedule I regulated substance has prevented banks and credit card processors from working with businesses in the cannabis space. This has forced these companies to require cash-only payments, meaning they usually have large amounts of money on hand. Additionally, cannabis itself is a valuable commodity with near-constant demand, and offloading it in the black market is fairly easy for those who know their way around. As such, cannabis retailers and dispensaries have become prime targets for burglars and robbers.

Armed guards are quickly becoming a necessity for any cannabis business with reasonable turnover, and veterans with firearms training are taking up the mantle. Paul Ballenger, a Marine veteran and an Army reservist, is the chief executive officer of Invicta Solutions, which has approximately 400 armed guards stationed in five states. His company provides guards for shopping malls, religious institutions and cannabis companies, among others. With the wave of cannabis reform steadily sweeping across the country, Ballenger’s goal is to have guards stationed in New York, New Jersey and Florida by the end of the year as these key states launch their markets.

In Fresno, California, Operational Security Solutions (“OSS”) hires about 100 armed guards, a lot of them veterans, for cannabis-related businesses. Ryan Hale, the company’s chief sales officer, says OSS has a strict no-drugs policy, stating that marijuana and guns should not mix. Since cannabis businesses are such prime targets, often with lots of cash on site and plenty of cannabis with high resale value on the black market, the guards need to be vigilant and “100% cognizant.”

Veterans often have a hard time finding work after coming back home, with more than half of them finding it difficult to utilize their military skills in a civilian setting. With the cannabis industry poised to see major growth, especially after weathering the coronavirus pandemic like a champ, plenty of vets may finally be able to land employment. Even if lawmakers finally pass cannabis banking legislation allowing financial institutions to work with cannabis businesses, the precious product they sell will need protection.

Cannabis industry players such as Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), which have a dominant role in the markets where they operate, certainly require armed security guards to protect employees, cash and stock at their different locations.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

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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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Chalice Brands (CSE: CHAL) (OTCQB: CHALF), formerly Golden Leaf Holdings Ltd., a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, was featured in an exclusive Q&A video podcast produced by Stockhouse Media. Chalice Brands CEO and President Jeff Yapp and Executive Chairman John Varghese join Stockhouse Media’s Dave Jackson in an engaging discussion to bring the podcast’s audience up-to-date on this intriguing brand and exciting investment opportunity. The Q&A covered various topics, including the team’s experience in the cannabis space, new company developments, Chalice Brands’ innovative brands and products, strong growth potential and disciplined approach to acquisitions. “Having the opportunity to grow companies through, I would call profitable acquisitions, first and foremost is due diligence, right? We’ve got a very disciplined approach to the way we approach acquisitions. It’s led by Vice-President Business Development Ben Allmand, probably one of the best I’ve seen,” Varghese said. “So take a discipline approach to acquisitions and then the second piece is patience, right? Integrating of companies and cultures is never easy. I think we’re off to a really good start with Homegrown, but this is experience I’ve had in the past, where sometimes you move too fast and you lose your customer base and if we’re trying to hire fine companies that are in itself profitable, your number one job is to maintain the profitability while you do the transition. It has been exciting for us.”

To view the podcast, visit https://cnw.fm/ki2CY

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice Brands operates nationally through Fifth and Root and has operations in Oregon and California. Visit https://Investors.ChaliceBrandsLtd.com for regular updates.

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

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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Tweet it: Enjoy discounts @ChaliceFarms this #710 on ALL dabs and toke up on the Dab Bus! #NationalDabDay #NationalOilDay #Oregon #Cannabis

PORTLAND –Chalice Farms will celebrate cannabis industry holiday, National Oil Day, with specials on cannabis concentrates, a collaboration with local artist, Damien Gilley, and a pop-up dab bus experience on Saturday, July 10.

In honor of National Oil Day on Saturday, 7/10, which spells “OIL” upside-down, Chalice Farms will offer 30% off all dab products, 20% off all cartridges and discounts on products from Elysium Fields, Bobsled and White Label extracts from Friday, July 9 through Sunday, July 11. Chalice Farms will partner with local optical illusionist artist, Gilley, for an exclusive design across all Chalice Farms locations.

Chalice Farms will also host a dab bus pop-up experience from noon to 7 p.m. on Saturday, July 10, at 823 SW Naito Parkway in Portland and at its sister location, Homegrown, at 2820 Liberty St. NE in Salem, Ore. Customers will be invited to climb aboard and legally consume cannabis purchased from the dispensary with dab rigs and cannabis hardware available for use.

The popular dispensary commissioned local artist, Gilley, to create digital art files exclusive to Chalice Farms to be displayed at all locations starting in July, bringing vibrancy to the street art with a large exterior installation at its downtown Portland location. The art will be displayed at all of Chalice Farms’ locations through window vinyls and displays, and the company will offer a limited-edition capsule collection of merchandise that highlights Gilley’s art including t-shirts and water bottles. Gilley is a local multi-disciplinary artist, educator and art director. His work spans the range of architectural interventions, stage sets, installations, activations, large scale wall works and art exhibitions.

“We’re always looking for ways to support local artists here in Oregon,” said Jeff Yapp, CEO of Chalice Brands, which operates Chalice Farms. “7/10 is a celebratory industry holidays that brings people together similarly to 4/20, and we’re excited to be able to bring this innovative, on-site dab bus experience directly to our customers.”

Popular concentrate options at Chalice Farms include:

• Mana Extracts, derived from hand-selected quality flower, with strains including kosher kush, lucid miracle, alien cookies and more.
• Beehive extracts, strain-specific, including bermuda sunset, pineapple cookies, rocket fuel, sour silver, and golden ozberry.
• Echo Electuary live budder, an extract with high terpene expression and retention with strains including black dog, blueberry muffins, elephant ears, orange fire, redneck wedding and more.
• Bobsled extracts utilizes flower from its North Portland farm, flash frozen at harvest at -110 degrees Fahrenheit and immediately processed to maintain robust terpene profile with strains including AC/DC, black mamba, grape animals, purple punch and more.
• White Label extracts aim for the highest quality, highest purity and safest product possible for a competitive price with strains including cama tsu blue, hibiscus, Oregon indigo and more.
• Elysium Fields’ cartridges, crafted with flash-frozen high-quality flower through a hydrocarbon extraction process.

Chalice Farms encourages customers to take advantage of its online ordering platform, plus delivery and express pick-up offerings. The company’s online ordering platform allows customers to reserve products, select options for pick-up in store, have products delivered or utilize curbside pick-up.

Chalice Farms offers complimentary delivery services for orders of $60 or more, available daily beginning at noon. Deliveries are collected and distributed on an hourly basis, with an estimated wait time of 30 to 90 minutes. More information on delivery is available here.

###

About Chalice Farms:

Since its inception in 2014 as one of the first cannabis companies in Oregon, Chalice Farms has grown into one of the top cannabis operators in the state, now with seven locations in the Portland metropolitan area. Locations include 13315 NE Airport Way, 823 SW Naito Pkwy., 1178 N Hwy 99W, 15252 OR-224, 5333 SE Powell Blvd., 16735 SW Pacific Hwy. and 10055 NE Glisan St. Voted “People’s Choice Award” winner in DOPE Magazine for its in-house edibles in 2015, Chalice Farms is a farm-to-table lifestyle cannabis company based in the Pacific Northwest. Senior citizens and military members always receive 10 percent off at all locations. Chalice Farms is built on a foundation of health and wellness, education, product innovation and customer service excellence. More information is available on the website, Facebook, Instagram and Twitter.

About Chalice Brands:

Chalice Brands, Ltd. is a premier, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with 12 dispensaries throughout Portland, Oregon. The Company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms and Homegrown Oregon, with a focus on health and wellness.  Chalice Brands operates nationally through Fifth & Root and has operations in Oregon and California. Visit https://chalicebrandsltd.com/ for regular updates.

Important Notices and Disclaimers:

Chalice Brands, Ltd. does not provide medical advice and you should consult with your physician prior to beginning or continuing the use of cannabis or any health and wellness program. These statements have not been evaluated by the Food and Drug Administration. The products described above in this release, are not intended to diagnose, treat, cure, or prevent any disease. To the fullest extent permitted by applicable law, no warranties, promises and/or representations of any kind, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose, are given as to the nature, standard, accuracy, effectiveness, or otherwise of the information Chalice Farms provides in its digital wellness initiative, nor to the suitability or otherwise of the information to your particular case or circumstances and you expressly agree that your use of the Chalice Farms digital wellness initiative information is at your sole risk. Chalice Farms and the Chalice Farms logo are registered trademarks of Chalice Brands, Ltd.

Media Contacts:
Sidney Stewart/Emmaline Lewis
ChaliceFarms@WickedCreative.com

About CannabisNewsWire

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Last week, a group of state cannabis regulators met with members of Congress and federal officials to discuss the possible effects that national legalization of the plant and other changes in marijuana policy could have on the programs they manage.

The meeting was organized by the Cannabis Regulators Association. The coalition is made up of members whose states have put an end to marijuana prohibition and would be impacted by any federal cannabis actions.

In attendance were the co-chairs of the Congressional Cannabis Caucus Reps. Dave Joyce and Earl Blumenauer, who spoke with staffers from various congressional offices as well as the state regulators. Representatives from the Alcohol and Tobacco Tax and Trade Bureau, the Food and Drug Administration and the National Institute on Drug Abuse were also in attendance.

In an interview, the Michigan Marijuana Regulatory Agency’s executive director Andrew Brisbo stated that federal officials were open-minded during the discussion, adding that their main objective for the meeting was to highlight how important it was that state regulators have a position to share their perspectives.

Brisbo also observed that promoting economic and social equity, product testing and labeling were among the issues that they discussed during the meeting. In addition, they also talked about laws to protect banks that cater to state-legal cannabis businesses from incurring penalties from federal regulators. Regulators from the states of Utah, Oregon, Nevada, Minnesota, Massachusetts, Illinois, Hawaii, Colorado and California among others also took part in the discussion.

In addition to this, Brisbo stated that they also wanted to make sure that there was consideration for already existing frameworks when federal policies were enacted. He also explained that while some initiatives honored the people’s will and established structures that functioned on the state level, it was important to make sure that the progress made by different states wasn’t overrun by federal policies.

Earlier in the year, the regulators association had penned a letter to congressional leaders who had provided assistance and outlined marijuana policy priorities as legislators consider various reform initiatives that may be advanced during this session.

The priorities included supporting public health initiatives, making certain that there was economic and social equity in legal markets, advancing research on cannabis, offering banking access to state-legal marijuana businesses, and offering protection to states that have legalized cannabis in some form.

At present, the sponsors of a Senate legislation to offer marijuana banking protections are calling for the chairman to put the measure to a vote in Congress.

If such meetings are anything to go by, the entire cannabis industry, including Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), could soon be looking at enabling laws at the federal level that address many of the existing regulatory contradictions.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

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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Chalice Brands (CSE: CHAL) (OTCQB: CHALF), a premier consumer-driven cannabis company formerly known as Golden Leaf Holdings Ltd., has announced the appointment of a new member of management. Ginger Mollo will served as chief integration office for Chalice Brands and general manager for Fifth & Root; a nationally recognized CBD skincare brand. In her new roles, Mollo will oversee positioning and growing the Fifth & Root Brand within the health and wellness beauty market in addition to integrating the products within the Chalice brands. A veteran in retail and company development, Mollo has worked at companies such as Limited Brands and Apple, where she helped create the Apple stores. CHALF has also retained MP- Integrated Marketing Communications (“MP-IMC”); the company will assist with Fifth & Root public relations, marketing communications and brand building efforts. “We are thrilled to add Ginger, the woman who had her fingertips on Apple stores, bring us her high-achieving, goal-focused, and innovative mover-and-shaker expertise, with over 20 years of retail experience to Fifth & Root,” said Chalice Brands CEO and president Jeff Yapp in the press release. “We look forward to benefitting from Ginger’s experience in the progressive retail space to elevate the structure and style of Fifth & Root to the next level. She brings many years of interpersonal communication, collaborative problem solving and critical thinking to the leadership team. . . . We are [also] pleased to announce that we have engaged MP-IMC to heighten the profile of Fifth & Root in our Chalice Brands product portfolio. We look forward to working with Melissa and her team to enhance the essence of Fifth & Root.”

To view the full press release, visit https://cnw.fm/mu1Am

About Chalice Brands Ltd.

Chalice Brands is a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail with 12 dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Chalice operates nationally through Fifth & Root and has operations in Oregon and California. For more information about the company, visit https://investors.ChaliceBrandsLtd.com.

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

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CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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Marijuana tax collections in the state of Oregon have hit a new fiscal year record, having collected $15 million in April this year, which brings the total to about $146 million. Last year, the state of Oregon collected a total of roughly $133 million in taxes.

At the start of the pandemic, marijuana sales in Oregon increased by 52% in the April to June period, in comparison with the April to June 2019 sales. In the two quarters that followed, increases of roughly 38% were also observed.

Economists in the state acknowledged that at the start of this year, sales rose once more, totaling more than $100 million. This amount, which was made up of $8.7 million in medical use and $91.5 million in adult-use marijuana, accounts for a 46% increase, in comparison with figures from January 2020.

As can be seen above, marijuana sales increased at the onset of the pandemic, slowed down towards the end of last year before steadily rising once more at the start of 2021. This move surprised economists in the state, who had expected marijuana sales to decrease as more people began to go back to work, the economy gradually reopened and other spending opportunities were presented.

The most recent forecast released by the state’s Office of Economic Analysts noted that predictions showed that short-term sales would improve as a result of strong household finances, an economy without fully reopened entertainment options and the ongoing coronavirus pandemic. In addition to this, economists stated that they expected marijuana sales to diminish in the fall as the aforementioned issues faded, noting that in the long term, the state’s marijuana industry would flourish once more.

In their updated forecast, the economists assert that the growth rates projected in the long run align with the office’s personal income outlook, which took into consideration wage gains and the increasing population, arguing that they were the primary drivers of recreational cannabis sales in the future. This, in dollar terms, equates to an extra $21 million prediction for the 2021–2023 period. These figures are in comparison to last year’s forecast, which cited $298 million as the forecast for the 2021–2023 biennium.

Additionally, the economists’ forecast from three months ago for the same period stood at $354 million.

Presently, the state of Oregon taxes retail marijuana sales at 17%, with local governments being allowed to add their own tax, which should not exceed 3%.

Credit can be given to cannabis sector players such as Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) that have availed products found to be worthy enough by the state residents, hence the record-setting taxes paid with the purchases made.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

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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Despite the effect of the coronavirus pandemic on various industries, the cannabis industry in Oregon has persisted, with forecasts showing that cannabis sales will continue to increase. An economic forecast report released by analysts with the Office of Economic Analysis in the state’s Department of Administrative Service stated that while cannabis sales in the winter aligned with forecasts, sales in the recent months had grown.

The report notes that it isn’t clear whether the cannabis sales data shows increased spending power from stimulus checks that were sent out in March or a growth in demand for marijuana products. It does highlight, however, that other states where the plant is legal, such as Illinois, have recorded similar trends in their marijuana sales during this pandemic period.

In the report, the economic analysts stated they were focused on how much the demand for recreational cannabis would increase in the near future. They explained that they were using federal data collected on the proportion of the adult population who use marijuana, noting that in the state, the rate has been about 20%, which may indicate slow sales in the future. However, the analysts added that the information could be biased given that this was a federal survey and cannabis is still illegal at the federal level.

Generally, the analysts noted that they expected cannabis sales in the short term to remain on the higher side because of an economy with options of entertainment that aren’t fully reopened, strong household finances and the ongoing pandemic. They add that as factors related to the pandemic are resolved into the fall, sales will slowly decline.

However, cannabis sales in the long term are expected to grow. The analysts speculate that this may be brought about by an increase in wages as well as a growth in the state’s population, which will boost demand. Prior projections showed relatively minimal growth in the future as the recreational cannabis segment matured. The analysts assert that while this assumption fundamentally remains unchanged, growth may still increase, prompted by underlying gains in the economy.

Recent projections for marijuana tax revenue in the state show that more than $300 million will be generated in the 2019–21 biennium. The analysts note that this figure will continue increasing each biennium, surpassing $450 million in the 2027–29 period. Currently, some of the tax generated is being used to finance the expansion of the state’s substance misuse treatment.

Last year, voters in the state passed a drug decriminalization measure that called for some cannabis tax revenue to support these services.

Those impressive projections might be viewed as a silent acknowledgement of the different sector players, including Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), that have done a lot to bring to market products that consumers are drawn to.

NOTE TO INVESTORS: The latest news and updates relating to Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) are available in the company’s newsroom at https://cnw.fm/CHALF

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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