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 his impressions over the Coronavirus. “I’m not a doctor; I cannot say that CBD can help your immune system,” Wang stated in the interview, indicating that, based on his experience and other sources such as YouTube, he believes that CBD has the potential to help. “So, I think our focus in the next six to 12 months is really selling the CBD oil to the Chinese population in the [U.S.]. I think it is a tremendous, tremendous opportunity. We are only one of a few companies trading on the OTC to sell CBD Oil to Chinese people in the [U.S.].”

To view the full press release, visit http://cnw.fm/sD0tF

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.

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ChineseInvestors.com (OTCQB: CIIX), a leading financial information website for Chinese-speaking investors in the United States and China, is capitalizing on the rising demand for cannabidiol (“CBD”)-based nutrition and health products. A recent article discussing the company reads, “CIIX’s CBD initiatives are carried out by its subsidiary, CBD Biotech Inc. In essence, CIIX is taking advantage of its own financial expertise to establish itself as a leader in China’s developing CBD industry. Through CBD Biotech, CIIX has established a three-year development plan to capitalize on the union of CBD and the nutrition and health-products market in mainland China. . . . Subsequent to entering into a wholesale agreement with a well-known CBD health brand in December 2016, CIIX formally launched the website ChineseCBDOil.com (http://cnw.fm/TpvQ6). This website is one of the world’s first online stores in the Chinese language, providing industrial-hemp-derived CBD products for Chinese-speaking customers around the world. Products available on the site include soft gels, capsules and concentrates. In addition, CIIX opened a retail store in San Gabriel, California, which has a high Chinese population.”

To view the full article, visit http://cnw.fm/6maYF

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.

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On Tuesday, New York Governor Andrew Cuomo added marijuana legalization in his 2020 budget proposal, which sets the state on another push for legalization as the 2020 legislative sessions begin. This comes after a recent survey showed that support for recreational marijuana legalization is at its highest ever in the state.

Last year, Cuomo had included a similar proposal in his agenda but later dropped it after realizing that the lawmakers could not arrive at a mutual agreement about specific issues of legalization before the legislative deadline. However, his administration is positive that this year will be different.

According to the Governor’s new proposal, it is projected that New York will be able to generate $20 million in tax revenue in the 2021 financial year and $63 million in 2022. He also projected that by 2025, the tax revenue is expected to increase by up to $188 million.

During his speech, Cuomo urged lawmakers to legalize recreational marijuana through the budget since he believes that the budget will allow making tough decisions and working through challenging issues which could be harder to agree upon if budgetary issues aren’t at the forefront.

The budget also calls for personnel increases at certain agencies to support the new Office of Cannabis Management (OCM) as well as strengthening resources at the Division of Alcohol and Beverage Control.

According to the proposal, the OCM will oversee the nation’s first comprehensive marijuana regulatory framework, which merges all the licensing, enforcement, and economic development functions in one agency. OCM will also be responsible for licensing, production, and distribution of marijuana products in the recreational, industrial, and medical marijuana markets.

Hemp regulators within the state would also benefit from the budget proposal because Cuomo allocates $1.1 million for resources to support the additional hemp oversight and inspection employees.

Cuomo started to embrace marijuana legalization at the end of 2018 as previously he believed that marijuana acted as a gateway drug. Since then, he has helped develop a plan for coordinated marijuana legalization through several meetings with the governors in the region.

In 2019, the governor signed legislation decriminalizing marijuana and the expungement of prior marijuana convictions.

During his State of the State address at the beginning of the month, Gov. Cuomo recapped his commitment to marijuana legalization in New York. He also said that the economic benefit of marijuana would be a hollow victory if social equity and restorative justice provisions were not included in the legal cannabis system.

According to the budget proposal, marijuana business applicants under the social and economic equity program would be given technical assistance, training, loans, and mentorship.

The tax revenue collected from marijuana sales would be used to cover implementation costs, traffic safety efforts, and the social equity program. It would also be used in curbing substance abuse, harm reduction, and treatment and prevention programs.

He plans to allow home cultivation of medical marijuana of a maximum of four plants per household but no such liberty is permitted for recreational consumers.

A recent poll showed that 58% of New Yorkers are in favor of adult-use marijuana legalization. For industry analysts, that number makes the push for legalization too close to call and they think industry players like ChineseInvestors.com Inc. (OTCQB: CIIX) will be anxious to see what progress is made towards resolving the bones of contention that torpedoed legalization efforts last year.

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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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 opportunities from the Coronavirus. “It’s a tremendous opportunity for CBD Biotech,” Wang said in the interview. Discussing those being impacted by and exposed to the serious virus, Wang highlighted CBD as a potential addition to traditional medicines, vitamins and neutraceuticals in building immune systems. “As a CBD cosmetic company in China, we have this soap, already on the market,” Wang says, indicating its potential to assist people in safeguarding against the virus through washing their hands with the hemp-infused product. In addition, Wang discussed other existing and potential products the company currently offers or is considering to meet the tremendous demand in the coming months as people work to protect themselves and others against the virus.

To view the full press release, visit http://cnw.fm/4zL2g

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)

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ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang recently discussed the company’s growth potential and the vital role of its CBD Biotech subsidiary during an interview on MoneyTV with Donald Baillargeon (http://cnw.fm/6imjU). An article discussing the company reads, “[Wang] cited the high gross margins of CBD cosmetics for the company and said the firm would work to bring more of that profitability down to the bottom line through lower costs and restructuring. CIIX offers a variety of products in its line, ranging from hemp wine to CBD-infused cosmetics. . . . ‘We can achieve in cosmetic products a 10X to 20X profit margin. That’s quite a big profit,’ Wang said in the interview. ‘Our goal is to make the company healthier by stabilizing it and making it not as reliant on the street for financing.’”

To view the full article, visit http://cnw.fm/KGrS5

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)

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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

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CBDWire is part of the InvestorBrandNetwork.

Marijuana customers in Illinois are in for a price shock come July 1 this year as new taxes take effect. Currently, in Illinois, marijuana sales are being subjected to state and local taxes, plus an additional state marijuana excise tax, which has increased the overall tax rate from 20.25% to 35.25% in the municipalities and counties. This also depends on the potency of marijuana being sold.

The cities and counties in the state are yet to start imposing local weed taxes, which is 3 percent each, and this could drive up the overall tax rate to 41.25%. Of the 11 states where adult-use marijuana is legal, Washington is the only state whose tax rate is higher at 47%.

During the first day of recreational marijuana sales in Illinois, some marijuana customers posted their receipts on social media, which attracted a lot of attention. But, as far as sales are concerned, tax rates didn’t seem to deter the customers.

The supply of recreational marijuana is low and it cannot meet the existing demand. And, it is predicted that the recreational marijuana shortage may be experienced even in 2021 because additional demand for marijuana will come in through online shoppers in the coming months.

The managing director for BDS Analytics, Tom Adams, said that it is exciting going into a marijuana shop for the first time, but the feeling dies off real quick when they start running the numbers in your head, and the demand reduces. BDS Analytics is a research firm that tracks the marijuana sector.

The CEO of MedMen, Adam Bierman, said that the customer’s shopping experience is ruined by the high taxes. MedMen is based in Los Angeles and operates dispensaries located in Evanson and Oak Park.

Tom Adams further said the higher taxes would force people to buy weed from the black market where there are no taxes; thus, the illicit market will continue to grow.

According to BDS Analytics estimates, in Washington, the black markets take up 51% of the total marijuana sales, while in Colorado, where taxes are 25%, the black market accounts for 34%.

Michigan launched its recreational marijuana sales on December 1 last year, and its overall tax is at 16%.

Tax is one of the factors that determine the growth of the legal marijuana market, said Adams.

Because the marijuana shortage in Illinois will not be solved anytime soon, the consumers within the state may not see the effect of the imminent tax increase for a while.

A few months ago, the legislators warned that the tax rates might influence marijuana sales, but since every level of government within the state is struggling financially, they were more focused on the income that would come with legalization.

This year, the state expects to collect $57 million in tax revenue from marijuana sales, which would increase to $141 million for the financial year beginning on July 1. The state of Illinois estimates that within four years, it will have hit $376 in tax revenue.

Industry experts say that it wouldn’t be surprising if companies like Dama Financial and ChineseInvestors.com (OTCQB: CIIX) associated with the cannabis industry recommend a revisiting of the Illinois marijuana tax regime in order to avoid stifling the nascent legal 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.

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The New Hampshire legislature has new strategies that will help them overcome the challenges they experienced in 2019 as they reintroduce the issue of marijuana legalization during the 2020 legislative session.

A legislation seeking to allow individuals who are aged 21 and above to possess and give marijuana gifts containing a maximum of ¾ ounces of cannabis, as well as grow a maximum of six marijuana plants, was filed last week. The bill intentionally omitted the provision of commercial sales to increase the chances of its approval.

The New Hampshire proposal would be the same as that of their neighboring state Vermont. Vermont was the first state to legalize recreational marijuana through the legislature in 2018. Although there are no retail marijuana outlets in Vermont, adults older than 21 are permitted to cultivate their weed and possess marijuana for recreational purposes.

The new legislation has eight sponsors; three of them are Republicans. The bill has been referred to the House Criminal Justice and Public Safety Committee, and its hearing is set for January 23.

Speaking to an industry publication in a phone interview on Monday, Rep. Renny Cushing said that the bill is bipartisan and that they are hoping that it will be approved in the House and Senate since the legislation would help in ending the criminalization of people found cultivating or possessing marijuana in New Hampshire. Cushing further said that legalization would be a step towards the commercialization of the crop.

According to the legislation text, the residents of New Hampshire are in favor of marijuana legalization. It also states that other states have legalized marijuana and allowed adults to grow weed to provide themselves with a supply of cannabis, which is a better alternative to buying marijuana from the black market.

It also highlights the penalties for violating the initiative. For instance, individuals possessing more than the permitted amount of marijuana would be subject to a misdemeanor charge.

Marijuana advocates are hoping that the legislators who initially opposed the legislation would support the new bill since it does not have a provision for commercialization; thus, no tax rates on retail marijuana.

The New England political director at the Marijuana Policy Project, Matt Simon, said that they wanted legislation that resonated with the residents of New Hampshire. The measure’s end goal is to end prohibition. The legislation’s goal is also to protect the adults in New Hampshire from being punished for a behavior that is legal in all their bordering states.

In 2017, New Hampshire Gov. Chris Sununu signed a decriminalization bill into law, but he said that he would oppose any proposal commercializing marijuana. The legislators are hoping that the governor will be more agreeable to this new draft legislation.

Cushing said that the legislators are not sure how the Governor will react, but they are hoping that he would sign it into law if the bill lands on his desk. However, there is a possibility of him vetoing the bill since he opposed the medical marijuana home grow legislation in 2019.

Analysts think the chances of this bill becoming law are still too close to call and they think industry actors like ChineseInvestors.com Inc. (OTCQB: CIIX) will be hoping that the people of New Hampshire get the choice to enjoy recreational weed like people in many other states.

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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ChineseInvestors.com (OTCQB: CIIX) CEO Warren Wang provided an update regarding the company and its CBD Biotech subsidiary in a recent SmallCapVoice.com interview (http://cnw.fm/v1kML). An article discussing the company reads, “In the interview, Wang explains the enormous market opportunity in China for CBD/hemp-infused cosmetic products, such as lotion and anti-aging cream. . . . While the sale of hemp and CBD oil in cosmetics is permitted, China has not yet approved these products for use in food or medicine; however, given worldwide legalization trends, this is likely to change in the near future. CBD Biotech is an early player in China’s CBD sector, and Wang is optimistic about the company’s future in the promising market. ‘CBD-infused or hemp-infused cosmetic products [are] still very early stage in China,’ he said. ‘We are only one of few players in the market, and I think 2020 will give us a lot of opportunities.’”

To view the full article, visit http://cnw.fm/KDS7u

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)

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ChineseInvestors.com (OTCQB: CIIX), an established financial news and investment portal, was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics and provides insights into operations and future outlooks of various companies through in-depth CEO and executive interviews. MoneyTV is viewed in over 200 million households in more than 75 countries. On this week’s installment, which marks the 1,100th Episode of MoneyTV, Chineseinvestors.com CEO Warren Wang discusses the company’s CBD Biotech subsidiary. Wang detailed upcoming initiatives including the launch of new CBD products and its plans to capitalize on the growing popularity of social media.

To view the full press release, visit http://cnw.fm/QH8bm

About ChineseInvestors.com

Founded in 1999, ChineseInvestors.com endeavors to be an innovative company 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)

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