This week, the Colorado Department of Revenue released new data that showed that the dispensaries within the state set a new sales record in 2019.

The state of Colorado raked in $1.74 billion in medical and adult-use marijuana sales, out of which $302 million was collected in the form of sales taxes. The tax proceeds within the state are used in the construction of new schools and health education programs.

Compared to 2018, marijuana sales in the state of Colorado increased by 13% in 2019. Colorado was among the first states to legalized marijuana in the U.S, and since 2014, Colorado has generated a total of $7 billion in legal marijuana sales. And since 2014, the state’s legal marijuana industry has made a total of $1.21 billion in tax proceeds.

In December 2019, the state of Colorado sold more than $144 million of marijuana products, which is a 6.7% increase from the previous month. But, August was the most lucrative within the state in all of 2019, because the state’s legal marijuana businesses sold weed worth $173 million.

Colorado Governor Jared Polis is an avid supporter of legal marijuana because it has brought a lot of economic benefits to his state. And while speaking at a CNBC event, Polis said that the industry is performing well within the state as it has created many employment opportunities, raised revenue for Colorado, and buildings are being rented out, giving the landlords business. He has also witnessed a reduction in the crime rate.

Analysts predict that the booming marijuana industry is just getting ready for a takeoff, and this prediction coincides with strong marijuana sales.

In the whole of the U.S., the employment opportunities in the legal cannabis industry hiked up to a quarter of a million people in 2019, and analysts predict that the legal marijuana industry might overtake the illicit market soon.

Marijuana is still a federally controlled substance, and there are strict restrictions for companies when it comes to advertising marijuana. The national marketing of marijuana is prohibited, but state regulators are given the mandate to establish the rules for promoting cannabis products locally.

The restrictions have forced companies to be creative in coming up with ways to reach their target customers.

For instance, 51 dispensaries and manufacturers have adopted a clean road initiative where they are sponsoring approximately 66% of Colorado state highways.

In exchange for a sign, businesses and individuals through Colorado’s Department of Transportation Clean Colorado, Sponsor-a-Highway program, offer to pay a clean-up fee to keep the roads litter-free.

Such initiatives to give back to the community are seen by analysts as proof that what sector players like Champignon Brands Inc. and ChineseInvestors.com (OTCQB: CIIX) have always pointed out as the positive knock-on effects of legalizing this industry.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

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

CNW420 is part of the InvestorBrandNetwork.

A statistical report on marijuana is published every month, and Michigan has released its report for the month of January. The report shows that in the month of January, adult-use marijuana sales in the state continued to grow at a steady pace.

In January, adult-use sales rose to $9.8 million while previously in the month of December, the sales were $7 million. Michigan launched recreational sales of marijuana on December 1.

For the month of January, the state will collect approximately $1.63 million in adult-use marijuana tax proceeds. Excise tax, which is 10%, accounts for $980,000 and $646,800 in sales tax.

The first $20 million earned in the first two years after the launch of adult-use marijuana sales would be used to fund research into cannabis use in the health care industry. Fifteen percent of the remaining amount from tax revenue would be allotted to cities, towns, or villages that allow the sale of marijuana within their jurisdiction. The proportions would be based on the number of micro-businesses and retailers operating in the regions. Another fifteen percent would also be allotted to counties based on the number of marijuana small businesses and retailers operating in the area. Thirty-five percent would be allocated to the School Aid Fund for K-12 education, and the remaining 35% would be assigned to the Transportation Fund for road and bridge repair within Michigan.

There was a slight increase in medical marijuana sales in the month of January ($25.2 million) up from $24.9 million in December.

It was also noted that the average cost of retail adult-use marijuana dropped from $516 per ounce in December to $512 per ounce in January, while the average price of medical marijuana increased to $276 per ounce in January from $267 per ounce in December.

In January, the Marijuana Regulatory Agency approved 24 new permits for adult-use marijuana licenses, which was less than the 32 permits approved in December. The agency also approved 53 medical marijuana dispensary licenses in January, which was an increase from 29 medical cannabis permits issued in December.

The agency also rejected three medical marijuana and nineteen adult-use marijuana applications.

Although the state experienced about 30% increase in recreational marijuana sales in January, the cost of administering licensing and registration of programs increased by 20%.

In January, Michigan spent $766,910 on medical licensing, which was an increase from $655,109 in December. While recreational marijuana licensing cost the state $556,892 in January, an increase from $444,720 in December. And, $280,389 went to the patient-caregiver registry in December but this increased to $412,419 in January.

The overall cost for Marijuana Regulatory Agency programs increased to $1.74 million in January from $356,000 in December, and about $1.16 million was used to pay salaries and benefits to the employees.

These costs are expected to level off while product sales and tax collections increase, so the future outlook is a positive one. Experts say this positive outlook is exactly when cannabis industry players, such as ChineseInvestors.com Inc. (OTCQB: CIIX), have come to expect in all states that legalize marijuana.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

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

CNW420 is part of the InvestorBrandNetwork.

ChineseInvestors.com (OTCQB: CIIX) is employing its financial proficiency to establish itself as a leader in China’s emerging cannabidiol (“CBD”) industry. An article discussing the company reads, “Although cannabis is currently illegal in China, hemp-based CBD can be legally added to nutrition and health products and cosmetics, opening up massive opportunities in the untapped Chinese CBD market. CIIX has created a three-year development plan to pioneer an attractive lineup of CBD-based products through its subsidiary, CBD Biotech, and capitalize on the tremendous potential of the enormous Chinese market, where the benefits of CBD oil have not been widely recognized yet. . . . In addition, in a bid to meet growing consumer expectations for seamless digital customer experiences, the company is developing a CBD-focused platform for Chinese people to review and discuss various CBD products. The platform is intended to be a Yelp-style mobile app and will be the first CBD social-media mobile app that caters to Chinese-speaking customers worldwide. The company has already launched another digital product, www.ChineseCBDoil.com, the world’s first online, CBD-infused, health-products store in Chinese.”

To view the full article, visit http://cnw.fm/Ig7A6

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

About CBDWire

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDWire is part of the InvestorBrandNetwork.

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. This week’s program featured CIIX CEO Warren Wang as he provided a company update, discussing a potential new product line via the company’s subsidiary, CBD Biotech, as well as focus on the company’s core business, financial media broadcasting. “I see a lot of momentum, especially option trading,” Wang stated in the interview, discussing the launch of a new podcast and plans to launch a new website with new membership and a potential added revenue stream.

To view the full press release, visit http://cnw.fm/i7V5R

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

About CBDWire

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDWire is part of the InvestorBrandNetwork.

A new study has found that people with ADHD (attention-deficit hyperactivity disorder) tend to use less prescription drugs, which are powerful, addictive, and psychostimulants when they consume more medical marijuana.

The researchers found that patients who consumed medical marijuana compounds, such as cannabinoids and terpenes, reported a higher occurrence of stopping usage of all ADHD medication. The study findings were published in the Rambam Maimonides Medical Journal last month.

The researchers said that in the study, they demonstrated how ADHD patients treated using medical marijuana stopped using their prescription medication, especially those who consumed medical marijuana in high doses.

The best results were realized when patients used the cannabinoid CBN (cannabinol), which is found in a small amount in select marijuana plants. The researchers further stated that more research is required to fully understand if marijuana and its compounds can be used for treating ADHD.

The researchers also concluded that although the results are not causal, they may shed light on the potential benefits of medical marijuana on ADHD symptoms. And this could motivate scientists to investigate further to endorse the study results. And maybe, cannabis could be approved as a treatment for ADHD in states where marijuana is legal.

The study respondents consisted of 53 medical marijuana patients from Isreal who were in the database of people who had previously agreed to participate in the study. The patients were also diagnosed with ADHD. Out of the 53 patients, 37 of them were suffering from a mental health condition in addition to ADHD.

The study respondents were asked to report monthly on an individual basis of the method of marijuana consumption, the manufacturer, and marijuana strain name between the month of October 2019 and January 2020.

They found that higher doses of marijuana compounds (Phyto-cannabinoids and terpenes) helped the patients reduce the ADHD prescription drugs they used.

The researchers further wrote that previous studies on ADHD and marijuana ignored the inherent complexities and variability between marijuana strains and a combination of cultivars; instead, they viewed marijuana as a single product.

Most of the ADHD patients in the study obtained medical marijuana cards for chronic pain or cancer treatment instead of neurological disorders.

The study, which was funded by the Evelyn Gruss Lipper Charitable Foundation, found that 47 patients consumed marijuana through smoking or vaporization.

The study divided the consumers into high and low doses. There were 27 different combinations of marijuana strains, and apart from CBN, THC, THCV, and CBD were also found to reduce the consumption of prescription medications among ADHD patients.

Industry watchers say that cannabis companies like ChineseInvestors.com Inc. (OTCQB: CIIX) expect even more studies to prove many of the other health benefits that have been linked to cannabis.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

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

CNW420 is part of the InvestorBrandNetwork.

ChineseInvestors.com (OTCQB: CIIX) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program, viewed in over 200 million households and more than 75 countries, covers money-focused topics and features in-depth interviews with CEOs and executives that offer insights into various companies and their operations and future outlooks. This week’s program featured CIIX CEO Warren Wang as he discussed the company’s CBD Biotech division and his personal experience using CBD oil. “Based upon my experience with CBD oil, it can help people improve their health condition,” CIIX CEO Warren Wang stated in the interview. “Three years ago, I started using the CBD oil and it improved my health and immune system.”

To view the full press release, visit http://cnw.fm/It0Jf

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

About CBDWire

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDWire is part of the InvestorBrandNetwork.

ChineseInvestors.com (OTCQB: CIIX), a financial news media and content platform that provides information to the global Chinese-speaking community, plans to expand its customer base with new hemp-based CBD products in 2020. Through CIIX’s CBD Biotech subsidiary, CEO Warren Wang plans to capitalize on the massive potential of the untapped Chinese CBD market. An article discussing the company reads, “Wang noted that China’s changing CBD laws can create volatility for CBD companies. However, those laws don’t apply to hemp-based CBD cosmetics, which are fully legal in China, Japan and the United States. Because CIIX is only involved in CBD cosmetics, the company remains unaffected by the changing regulations and is able to operate in a stable environment. . . . In 2020, CIIX will be launching new CBD cosmetic products, including an anti-aging product formulated to combat wrinkles. By targeting the Chinese-speaking community, CIIX has few competitors and plenty of room to grow. The company maintains its attention on the investment of both the distribution and the research and development of new CBD products.”

To view the full article, visit http://cnw.fm/A54xC

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

About CBDWire

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDWire is part of the InvestorBrandNetwork.

New research shows that in the U.S., many states have been experimenting with different forms of marijuana legalization. The study found that businesses are thriving in states where marijuana is legal.

Researchers at the University of Iowa embarked on a study of the impact of legalization on the economy, and they analyzed 9,810 corporations between 1991 and 2017. The researchers found that after the legalization of medical marijuana, the states experienced a multitude of positive impacts.

The authors of the research said that firms whose headquarters are in a state where marijuana is legal were found to receive higher market valuations. The companies also earned higher and sometimes abnormal stock returns, employee productivity improved, and innovation also increased.

The study, which is yet to be published, shows that having marijuana laws helps unleash the untapped potential of employees as well as attract new talent for the companies.

The research authors also wrote that after marijuana was legalized, companies became more productive because they were able to hire more productive employees from other states.

The study also found that after medical marijuana laws were passed, companies earned a higher net income per employee, and this gain was consistent over the next two years.

The study reveals that the company value increased by 4.2%, which is equivalent to an average increase in the market value of corporations by $166 million, after the enactment of medical marijuana laws.

A positive shock to the human capital after legalization leads to an increase in profitability in firms based in states where marijuana is legal, according to the study authors.

The study found that the stock prices of companies located in jurisdictions where marijuana is legal fared better than those located in states where marijuana is illegal. Besides, firms in medical marijuana states experienced 4.56% increase in their stock value, whereas corporations in jurisdictions where there are no medical marijuana programs showed a loss of about 2% annually.

The research authors suggested that after marijuana laws are approved, companies innovate to ensure that they become more profitable in the wake of the new sector that is likely compete with them for employees and other resources, while their counterparts in regions where cannabis is illegal don’t have that added need to get creative.

The study concludes that not only do companies apply for more patents and receive citations on the said patents after marijuana legalization, but they are also more productive and efficient in generating innovation output from labor and research. There is also an increase in business startups and venture capital financing in jurisdictions that legalize cannabis.

The study also investigated the innovation and productivity of people working, living, and migrating to states where marijuana is legal. And, the authors found that the creativity of the scientists was enhanced after legalization. Compared to before the enactment of medical marijuana laws, the study found that more scientists moved to other states after the passage of medical marijuana legalization.

The study concluded that companies within states where marijuana is legal were able to attract more productive inventors and also saw an uptick in innovation among their employees as a result of the passage of enabling marijuana laws.

Industry watchers believe that not even the well-established marijuana companies like ChineseInvestors.com Inc. (OTCQB: CIIX) would have imagined that legalizing marijuana would have an all-round beneficial effect on profitability and productivity in sectors outside the cannabis industry, but this study proves that this is true.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

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

CNW420 is part of the InvestorBrandNetwork.

During a recently MoneyTV interview, ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang announced that the company will be launching a breakthrough CBD product in March. An article discussing the company reads, “One important aspect of the company’s strategy to increase profit is to sell its new CBD product through e-commerce using different social media platforms in 2020. Wang observed that multi-platform social media would play a key role in the company’s marketing to a younger consumer audience of its CBD line. He specifically mentioned using platforms such as TikTok in the campaign, which launched in 2017 and accrued 500 million users in its first two years. Recently hailed as a ‘must for every small business,’ social media marketing gives companies more direct access to their customers, meeting them where they are in a cost-effective way. Social media marketing has also been linked with increased brand recognition (http://cnw.fm/YO4y2), allowing companies to ‘target and retarget ideal consumers.’ CIIX hopes to engage audiences of all ages through social media as it increases traction for its new CBD offerings. . . . In addition to its anticipated CBD product, CBD Biotech currently markets a line of hemp-infused cosmetics products in China. Wang estimates that cosmetics could deliver profit margins of 10–20 times for the company (http://cnw.fm/bVLt5). ‘That’s quite a big profit,’ he noted.”

To view the full article, visit http://cnw.fm/5ZJYz

About ChineseInvestors.com Inc.

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company by providing (a) real-time market commentary, analysis and educationally related services in both traditional and simplified Chinese language character sets; (b) advertising and public-relations-related support services; and (c) retail, online and direct sales of hemp-based products and other health-related products. For more information, visit the company’s website at www.ChineseInvestors.com.

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

About CBDWire

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.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

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

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDWire is part of the InvestorBrandNetwork.

One major part of the travel industry is the hotel, and with the legalization of marijuana taking place in more and more states in the U.S., hotels are facing several challenges concerning marijuana consumption.

They are faced with the issue of figuring out how to allow their guests to partake in marijuana consumption within their properties, training and drug testing their staff, and how to deal with the changing marijuana laws.

The principal of Woodmont Lodging said that the emerging trend, marijuana, is not going away, and it can be likened to casinos when they were trying their push countrywide.

Medical marijuana is legal in 33 states, while recreational cannabis is legal in 11 states, and it is okay for people above the age of 21 to partake in the act of marijuana cultivation, possession, and consumption.

In the U.S., marijuana is still listed under Schedule 1 of the Controlled Substance Act, meaning that it is federally illegal. Heroin, LSD, peyote, and ecstasy are also considered as federally unlawful.

In 2013, Deputy Attorney General Jim Cole who was working under President Barack Obama’s administration issued a directive to the federal prosecutors and told them not to interfere with states that have marijuana-friendly state laws.

President Trump’s stand on marijuana laws is uncertain because, in August, he said that he would let states decide on whether or not to legalize marijuana, but in December, Trump said that he has the authority to overlook Cole’s directive.

Jim Butler, who is a hotel lawyer, said that even though federal officials tend to ignore activities that violate the federal law but comply with state law, it is not reliable protection. Butler is also the chairman of a global group which represents hotel owners and developers. The group is called Jeffer Mangles Butler & Mitchell LLP.

Butler further said that the reputation of a hotel could be tarnished if charged with breaking federal law; for instance, it could lose its liquor license or banking relationship because banks are federally insured and may want to abstain from working with such hotels dealing with federally illegal substances.

However, guests are not deterred from using marijuana when traveling around the state because of the confusion plaguing the hotel sector. Most of the hotels have a no-smoking policy, but marijuana edibles can be ingested and have no smell.

Some hotels are experimenting with CBD-infused products in their foods, beverages, and other products. These hotels include James New York NoMad and the Standard.

Butler further said that hoteliers have many questions among them about the products and services they could provide to attract more customers and give them a competitive edge.

The partner and chair of the Hospitality, Alcohol, and Leisure Industry Group at Greenspoon Marder LLP Louis Terminello said that currently in the U.S., there are a few hotels that are marijuana-friendly in states where recreational marijuana is legal.

Terminello further said that some hotels turn a blind eye to their guests smoking marijuana, but as the issue evolves, hotels must have a place where guests can smoke freely and comfortably.

Analysts are sure that the entire cannabis industry, including players like ChineseInvestors.com Inc. (OTCQB: CIIX), would be pleased if the federal government clarified what hotels can or cannot permit in states where marijuana is legal in some form.

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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

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

CNW420 is part of the InvestorBrandNetwork.