CannabisNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Launch of Hiway – a New, Value-Oriented Brand

Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), today announced the launch of Hiway, a new brand dedicated to providing frequent cannabis consumers with affordable products that do not compromise on quality. “While we continue to see a strong market for our premium 7ACRES products, we are also seeing a tremendous consumer response to more affordable cannabis offerings; in July, dried flower products priced under $6 per gram accounted for approximately 40% of flower sales in Ontario,” Beena Goldenberg, president and CEO of Supreme Cannabis, stated in the news release. “With Hiway, we aim to exceed consumer expectations for value products by delivering a quality product at an affordable price. Hiway benefits from our strong reputation and leading practices for growing and processing high-quality cannabis products. With the launch of this value-oriented brand, we are leveraging our competencies, capacity and efficiencies to build market share and create an exceptional experience for more cannabis consumers.”

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

About Supreme Cannabis Company, Inc.

The Supreme Cannabis Company is a global diversified portfolio of distinct cannabis companies, products and brands. Since 2014, the company has emerged as one of the world’s most premium producers of recreational, wholesale and medical cannabis products. Supreme Cannabis’ portfolio of brands caters to diverse consumer and patient experiences, with brands and products that address recreational, wellness, medical and new consumer preferences. The Company’s recreational brand portfolio includes, 7ACRES, 7ACRES Craft Collective, Blissco, sugarleaf and KKE. Supreme Cannabis addresses national and international medical cannabis opportunities through its premium Truverra brand. Supreme Cannabis’ brands are backed by a focused suite of world-class operating assets that serve key functions in the value chain, including, scaled cultivation, value-add processing, automated packaging and product testing and R&D. For more information, visit the company’s website at www.Supreme.ca.

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

About CanadianCannabisWire

CanadianCannabisWire (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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420 with CNW – Utah Treasurer and AG Back Cashless Marijuana Transactions

Federal prohibition has been a massive thorn in the state legal marijuana industry’s side for years, and the coronavirus pandemic has made this abundantly clear. Despite cannabis being declared an essential service by most states with legal cannabis programs, businesses in the sector have been subject to federal restrictions that have made it nearly impossible to operate safely in these trying times. Aside from being denied access to relief funds dispensed by the federal government, marijuana businesses do not have access to the banking system, forcing them to operate on a cash only basis.

This not only puts them at risk of theft and crime, but it also puts staff, customers and anyone who comes into contact with the money at risk of being infected by the coronavirus. For months, advocates have implored lawmakers to correct this and grant cannabis-related businesses access to the banking system. Utah seems to be headed in that direction after state Attorney General Sean Reyes and Treasurer David Damschen called on Congress to pass a bill allowing marijuana-related businesses to access the banking system.

“Utah worked hard to find a sensible, humane and balanced approach to medical marijuana policy. But current federal law prevents access to insured financial institutions for businesses in this industry. That creates significant practical and public safety issues for both the general public and for Utah businesses operating legally in the medical cannabis space,” Reyes says. In a letter signed by 34 state attorney generals, he urged Congress to support the Secure and Fair Enforcement (SAFE) Banking Act, stating that it would help the state’s newly up-and-running medical cannabis dispensaries.

“The inability of insured financial institutions to handle cannabis-related transactions has forced businesses and governments throughout the U.S. to resort to cash to settle transactions. This represents an enormous public safety issue, including risk of violent crime, fraud and theft. Providing regulated and insured financial services to cannabis businesses allows law enforcement, and specifically the Financial Crimes Enforcement Network [FinCEN] within the U.S. Department of Treasury, the transparency needed to distinguish legal cannabis businesses from illegal activity,” says Treasurer Damschen.

The letter to Congress states that the “COVID-19 pandemic has sharply focused the need for legislative relief in three key areas. First, threats to public safety caused by a cash-intensive business model, often the target of criminal activity, have intensified in the months since the pandemic began. Next, the presence of large cash transactions places law enforcement, tax regulators, customers and patients at risk of exposure to the virus. Finally, the ability to efficiently collect tax revenue from the marijuana industry, estimated to have generated $15 billion in sales in 2019, will provide critical relief for state and local governments predicting budget shortfalls due to the pandemic.”

Analysts believe that the entire cannabis industry, including companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF), hope the SAFE Banking Act will soon be enacted into law so that cash transactions in the sector become a thing of the past.

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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420 with CNW – Montana Activists to Begin Cannabis Legalization Signature Gathering With New Safety Measures

When the coronavirus was first identified in Wuhan, China in late 2019, no one could have imagined the impact it would have. Four months later, thousands of lives have been lost and the global economy has almost been brought to a standstill. Due to social distancing and self-isolation directives, drug legalization campaigns that required signatures were also put on hold.

Now, activists in Montana are announcing that they will proceed with a signature-gathering drive for a marijuana legalization initiative, and they have laid out strategies that will keep circulators and the general public safe.

New Approach Montana is behind the two proposed ballot measures. One is a statutory initiative that would establish a regulated cannabis market for adult use and a constitutional amendment stipulating that only those 21 and older can participate in the market.

The campaign had initially filed a lawsuit asking the court to allow them to collect signatures digitally, but the case was dismissed. However, with the state gradually reopening, New Approach Montana has stated that it is moving forward with signature collection under strict guidelines.

“As our state reopens for business, we must also reopen for democracy. Our signature drive will allow Montana voters to exercise their constitutional right to a ballot initiative in a safe and responsible way,” says New Approach Montana’s Political Director Pepper Petersen.

Circulators will be required to wear disposable gloves and use single-use wrapped pens, discarding them after each signature. They will also wear masks all the time and will be provided with hand sanitizer and disinfectant wipes. They will maintain a minimum of six feet from the public, and tables will also be set up to allow the public to sign while maintaining proper distance.

The circulators will carry their supplies in disposable, clear, plastic bags. According to James Miles, a former director of the Montana Department of Public Health and Human Services, the campaign’s plan satisfies government mandates.

“I am encouraged to see the concentrated effort that New Approach Montana is putting forth to protect the health of Montanans as it moves forward with its signature gathering,” he says.

The campaign will have to collect about 25,000 signatures from registered voters for the statutory legalization measure and 51,000 valid signatures for the constitutional proposal concerning age requirements.

“Our team has taken a very conservative and cautious approach, and this is going to be the most public health-focused signature drive ever conducted in Montana,” says Petersen. “Our circulators will be trained to follow specific protocols so that we can limit direct contact with signers to the greatest degree possible.”

This resumption of signature gathering is likely to seen as good news by the marijuana industry, including players like Round Meadow Holdings Corp. and The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF), who would appreciate some good industry news in this pandemic that has spread a lot of gloom.

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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420 with CNW – Massachusetts Sees More Applications for Medical Marijuana Cards During COVID-19 Pandemic

As the novel Coronavirus keeps the world in a perpetual state of fear and uncertainty, Massachusetts has registered an upsurge in the number of people seeking medical marijuana cards. This has been a consistent theme in most states that allow medical marijuana, with both medical and recreational marijuana stores experiencing increased demand.

COVID-19 first appeared in Wuhan, China in late 2019 and three months later has infected over 1.3 million individuals and claimed at least 73,000 lives. The U.S. has become the epicenter of the Coronavirus pandemic with over 360,000 infections and 10,764 deaths. Understandably, most of the country has gone into lockdown, with people encouraged to stay indoors, and all but the most essential businesses are to shut down for the time being.

In many states, this included marijuana businesses. States like Colorado have even taken extra steps like allowing curbside pickups and home deliveries to keep employees and patients safe. And most of these states registered increased demand for marijuana, which many use to help with a variety of conditions including anxiety, insomnia, and chronic pain.

According to the Cannabis Control Commission (CCC), there were 1,300 new medical marijuana patients registered in Massachusetts between March 23 and April 1, compared to the 500 just 10 days prior. While some states designated both recreational and medical marijuana as essential, Massachusetts doesn’t allow recreational marijuana sales during the pandemic.

Before patients can apply for a medical marijuana card online, they must get a recommendation from a state-certified physician. And in accordance with social distancing directives, the CCC recently revised some of its rules temporarily to allow medical practitioners to certify new patients using telehealth. To be eligible, you must have a qualifying medical condition such as HIV or Parkinson’s disease.

According to marijuana store owners, a lot of their recreational marijuana customers use cannabis to treat severe anxiety and PTSD, and they hoped Governor Charlie Baker would classify them as essential. However, these hopes were dashed when the governor stated that classifying recreational cannabis stores as essential would create problems for the state.

“If we make recreational marijuana available, we are going to have to deal with the fact that people are going to come here from all over the place, across the Northeast and create problems for us with respect to the fundamental issue we are trying to solve here, which is to stop the spread. And for that reason and that reason alone, I think this is just a non-starter with us,” he said during a press conference.

Experts see the situation in Massachusetts as an eye-opener for marijuana companies like The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) to learn that not all customers who buy from recreational cannabis outlets are doing so for purely recreational reasons.

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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420 with CNW – Study Finds People Have More Sex When Medical Marijuana is Legalized

A recent study by the University of Connecticut and Georgia State University found that medical marijuana legalization seems to be encouraging people to engage more in sexual activities. The researchers also found that since medical marijuana policies were enacted, there has been a decrease in the consumption of contraceptives, and an increase in the number of children born.

To figure out how marijuana laws influence sexual activity in people, the researchers analyzed data collected between 1997 and 2011. The analyzed data included responses to questions about sexual activities and drug consumption. The poll asked the participants about their cannabis consumption and sex frequency.

After analyzing the data, the researchers found that there was a 4.3% increase in the likelihood of the respondents participating in sexual activities in the past one month once a medical marijuana law was enacted and an increase in sex immediately after the law change.

The change in marijuana laws caused a two percent increase in the number of births, which means that each quarter there are more than 684 births for all women who can bear children.

The authors wrote that the results of the analysis provide evidence of the fact that marijuana consumption has a significant, unplanned, and positive impact on the number of children born. The paper was published in the Journal of Health Economics in December 2019.

The researchers also touch on the sensory impact of marijuana. Weed consumption alters people’s attitudes towards risky behaviors, making them less concerned about the outcome of sexual activities, and this possibly results in the reduced use of contraceptives.

The alteration of people’s behaviors explains the reason behind increased birthrates when people have access to medical marijuana even though the study authors explained that weed has physiological effects that could cause a decrease in fertility.

The researchers further wrote that the increase in the birthrate might be attributed to the fact that behavioral factors can override the physiological effects of marijuana consumption.

The study concludes that the enactment of medical marijuana laws leads to increased sexual activity and reduced use of contraceptives amongst sexually active individuals. These behavioral responses may be due to the effects of enhanced attention on sexual contact after weed consumption and the willingness to participate in sexual activities as well as ignoring the outcome of engaging in any sexual activity.

A recent survey conducted by Lioness showed that marijuana could intensify sexual pleasure and increase libido for both men and women.

Experts say that the stufy findings highlight the far-reaching benefits of marijuana that sector players like Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) hint at as they recommend the full legalization of pot.

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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420 with CNW – Two More Polls Show Americans Support Marijuana Legalization

The majority of  U.S. citizens are in favor of broad marijuana legalization, revealed two new national surveys.

A Fox News poll found that 63 percent of the poll survey participants are in support of the legalization of recreational marijuana across the country while 34 percent are against the marijuana reform policy. There were 1,000 respondents, and the survey was conducted through phone interviews in the month of December.

A Marist survey involved 1,744 respondents and was conducted in partnership with NPR and PBS. The poll was also held this month, from the 9th to the 11th. The survey findings showed that 62 percent of the participants support the idea of legalizing adult-use marijuana, while 33 percent are not in favor of the policy.

The last poll conducted by Fox News was in January of 2018, where 59 percent supported legalization. Marist conducted its latest survey in July of 2019 and found that 63 percent support the legalization of marijuana.

Speaking to Marijuana Moment, the political director of NORML, Justin Strekal, said that the Americans could voice their support for the cannabis policy reform during the holidays when the topic is brought up, especially at a dinner table. He also added that people should demand the end of marijuana prohibition ahead of the 2020 elections since it is clear that the majority of the Americans are in favor of legalization.

Marist report the poll responses according to parties as has been the norm of several surveys. They identified the respondents as Democrats, Republicans, or Independents. The survey found that 76 percent of Democrats support the legalization, while 44 percent represented respondents who identified as Republican and were in favor of the policy.

The most significant opposition towards legalization was realized amongst the Americans who supported President Trump in the 2016 elections. This equated to 55 percent of the respondents, while 40 percent of the supporters backed the policy.

The poll also found that except for the Silent Generation, which comprises people older than 73 years, all other age groups support the legalization of marijuana. However, the Fox News poll did not provide the demographic details of the supporters and opponents of legalization in their survey.

These are the latest polls in a pool of recent polls showing increased support for the legalization of marijuana.

Last month the Pew Research center conducted a survey involving 10,000 respondents. The poll found that 67 percent of the participants are in favor of marijuana legalization. Gallup also surveyed people in October and found that 66 percent of U.S. citizens are in support of legalization.

The issue of marijuana legalization has been a major topic of discussion among the majority of 2020 Democratic presidential candidates. Apart from the former vice president Joe Biden and Michael Bloomberg, the other Democratic presidential candidates are in favor of marijuana legalization.

Experts wonder what recommendations companies like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Marijuana Company of America Inc. (OTCQB: MCOA) have for raising the stakes so that elections can be won or lost based on a candidate’s views on matters of marijuana legalization.

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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420 with CNW – Massachusetts Patients Turn to Maine for Affordable Medical Marijuana

Fifty year old Ingrid Martinez is terminally ill and undergoing chemotherapy. Martinez uses medical marijuana to manage pain and nausea. She resides in Lowell, and before she got sick, she was working in medical coding. Martinez travels to Maine after every three weeks to buy marijuana rather than get her supplies from Massachusetts where she resides.

She has a Massachusetts medical marijuana card, but she said that the MMJ is expensive in the Bay State. Martinez stopped using marijuana at some point because she could not afford it, and that is why she travels to Maine because it is cheaper than in Massachusetts.

Although it is illegal to transport marijuana across state lines, patients from Massachusetts are driving to Maine to purchase medical marijuana because it is affordable. Late August, Maine started accepting Massachusetts medical marijuana cards, and since then, marijuana outlets bordering the states have encountered a large number of customers from the Bay State.

The marijuana outlets in Maine started receiving more customers after the officials in Massachusetts banned the sale of vaping products except those used to vape crushed marijuana buds.

The owner of Your Green Thumb Caregivers in Kittery, Pam Edwards, whose shop is less than 30 minutes’ drive from northeastern Massachusetts, said that about 30% of her business comes from Bay State residents.

Edward further said that most of her customers told her that Maine has a wide range of products with better prices. She also noted that customers from Massachusetts rub their eyes when they see the costs of the merchandise because they cannot believe they are that cheap.

Recently, the online menu for Your Green Thumb Caregivers’ price for 1/8 ounce of marijuana was ranging between $20 and $50 while the rate for the same quantity at Patriot Care in Lowell was $50. Your Green Thumb Caregivers had 35-plus flower options while Alternative Therapies in Salem had 12 options.

The Price of Weed is a website that compares marijuana prices in different states. On Friday, it showed that medium quality marijuana in Massachusetts was going for $282 per ounce while in Maine, it was $232 an ounce.

A medical marijuana patient and advocate, Mike Crawford, said that he drives to Your Green Thumb Caregivers from North Shore every week to buy legal weed at an affordable price. He noted that the first time he bought the pot, he felt like it’s Christmas.

Crawford also noted that Maine stores have more price options depending on the quality of the weed. Compared to Massachusetts, the prices and products are better in Maine.

The law governing the marijuana market in Massachusetts is stringent as it requires the medical marijuana companies to grow their marijuana products, and this controls all aspects of sales. While in Maine, there are eight licensed dispensaries, which are large businesses. The state also has caregivers and small-scale independent farmers who are allowed to open retail stores and sell marijuana.

Another reason why marijuana is cheaper in Maine is that the cost of a license application is also low. The license fee for a farmer who is looking to grow 30 mature and 60 immature marijuana plants is $1,200 in Maine, while in Massachusetts, it is $30,000 plus an application fee of $1,500.

Massachusetts also has strict testing and packaging requirements, which are non-existent in Maine.

However, there are risks involved since in Massachusetts the products have labels detailing the ingredients while in Maine, you are taking a chance with each product you buy.

Experts suggest that marijuana companies like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) may need to prevail on their counterparts to form associations that set uniform standards that all products must adhere to in order to give consumers the best that the industry has to offer.

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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420 with CNW – What You Should Know About Cannabis Drinkables

Marijuana consumers are in love with cannabis beverages because they are discreet, taste good, require no equipment to use, and they are familiar with a safe delivery system.

In the cannabis market today, weed-infused drinks are one of the fastest moving products. These drinks include tinctures that are mixed with cocktails, non-alcoholic wines, beer, or champagne. Companies are also producing wellness beverages that, when taken they induce sleep; thus, instead of taking aspirin or Ibuprofen after hard exercises or games, take a marijuana cocktail, and you will feel relaxed in no time. Sparkling drinks are also infused with weed as they attract Millennials as well as the baby boomers who are not a fan of smoking.

Discussed below are answers to some of the common questions on marijuana beverages:

There are many marijuana beverages, why?

Drinkable marijuana comes in various forms, and these include liquid medicine, intoxicating drinks, and wellness shots. BDS Analytics is a company that tracks marijuana trends, and in mid-2019, it found that there 88 beverage brands on the market, which was 18 more than in 2018 at the same time. The total percentage of marijuana edibles in the market in the U.S. in 2018 was 6%. BDS estimates that by 2020, marijuana beverages, including those infused with CBD and THC sold in retail outlets and non-THC drinks sold in supermarkets and convenience stores, could be worth $1 billion.

Why did marijuana beverages take long to get on the market?

The process of producing weed-infused drinks is complicated because cannabinoids do not mix with water; instead, they float to the surface. Before coming up with marijuana beverages, researchers have done several hit-or-miss experiments. A Seattle-based beverage tech company, SoRSE, is among the marijuana innovators in the industry. The company is trying to establish how marijuana oils can be converted into water-soluble emulsions, which do not have taste or smell.

SoRSE vice president, Michael Flemmen, said that they used food-grade components approved by the FDA. The food-grade components are safe for consumption. Some of the products manufactured by the company include happy, sparkling, and marijuana-infused drinks, which include Utopia, a fruit-flavored sparkling water.

Will marijuana-infused drinks trigger paranoia?

The founder and Chief Technology Officer for Spherex, Niccolo Aieta, said that the marijuana-infused beverages have the advantage of predictability over edibles. Spherex is based in Denver, and it develops weed concentrates. An example of such a product includes Phyx, which is a sparkling water infused with light doses of THC and CBD. Compared to edibles, marijuana drinks reacts faster with body metabolism and the endocannabinoid system, and its effects are noticeable almost immediately. In this way, you can control how high you get with drinkables and thereby prevent sliding into paranoia.

Where can you buy cannabis beverages?

Consumers can purchase the drinks from the product’s website or in dispensaries in the states where marijuana is legal. Hemp-derived CBD drinks can be also be found in grocery shops in all the 50 states.

Nic Balzer, who is a member of U.S. Hemp Roundtable, said that the industry is faced with a lot of regulatory challenges, and they are hoping the FDA will make their ruling on the matter soon.

Analysts say the desire for regulations expressed by Nic Balzer is likely to be echoed by other sector players like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Sugarmade Inc. (OTCQB: SGMD) since they too are affected by the unregulated cannabis drinks segment.

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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420 with CNW – Michigan Starts Issuing Recreational Marijuana Sales Licenses

The legal sale of adult-use cannabis will happen soon after Michigan regulators issued the program’s first business license on Tuesday.

While inside a retailer’s Ann Arbor store, the director of Michigan Marijuana Regulatory Agency, Andrew Brisbo, issued three licenses to the leaders of Exclusive Brands. The licenses permit the business to grow, process, and sell adult-use pot.

The general manager of Exclusive Brands, Nick Warra, said that licensing marijuana businesses would help in breaking down decades of stigma surrounding smoking weed. While standing inside the Ann Harbor store, Warra added that buying weed will be like going to the liquor store to purchase alcohol.

Michigan residents approved the legalization of recreational marijuana through the ballot in November 2018. Since then, the state regulators have been working to develop a recreational licensing program.

However, medical marijuana patients are worried about the hurried issuance of adult-use business licenses because already, there is a shortage of medical cannabis products on the market, which may be made worse by the sale of recreational weed.

Last week, Michigan’s regulatory authority announced that medical marijuana businesses could sell 50% of their inventory to recreational cannabis customers. The first sale of adult-use weed is expected to be on December 1.

According to Warra, Exclusive Brands has had a medical marijuana business license since 2017. The business will start selling adult-use marijuana on Dec. 1. Delays in selling would be a result of the lack of a statewide tracking system for cannabis.

Warra also added that Exclusive Brands would be working closely with the vendors to make sure that they are ready to launch on December 1.

The selling date of recreational weed might be shifted to Dec. 2 because Dec. 1 falls on a Sunday, which comes immediately after the Thanksgiving holiday. But, license holders have to request permission from the state regulators before using medical marijuana products for the adult-use market.

The spokesperson for the Marijuana Regulatory Agency, David Harns, said that it is uncertain when the sale of recreational pot will start.

Warra revealed that it is still uncertain how many people will show up for the first day of sales of recreational weed, but the numbers are likely to be overwhelming since recreational marijuana is widely popular among residents.

The executive director of the Michigan Cannabis Industry Association, Robin Schneider, criticized the agency decision allowing the transfer of medical marijuana to the recreational market by saying that already, there is a shortage of medical marijuana supply on the market and the transfers will only drive up the product cost for the patients.

However, Warra countered that there are enough products in their company to services both medical and recreational consumers. He also added that Exclusive Brands is in a position to grow, process, and sell its cannabis. He added that businesses that do not own cultivation and processing facilities are the ones that may experience limited supply.

The ability to transfer products from medical marijuana markets to the recreational side will allow retailers to move products where there is demand.

On Tuesday, MRA issued five licenses with two permits being awarded to Real Leaf Solutions, which is based in Kalkaska. It was granted an event organizer license. PSI Labs, which is based in Ann Arbor, was awarded a permit for a safety compliance facility.

Brisbo said that many more licenses would be awarded in the short term. Analysts believe this announcement is music to the ears of the broader cannabis industry, including companies like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and HTC Extraction Systems (TSX.V: HTC), that would like to see more people enjoying the numerous benefits of 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.

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420 with CNW – Georgia’s Medical Marijuana Program Kicks into High Gear

Georgia’s key leaders have launched a program providing the state’s 15,000 registered patients with medical marijuana seven months after the Governor approved the program.

Licensing for companies seeking to grow and sell medical marijuana oil would be granted by a seven-member commission, which was appointed by Governor Kemp, House Speaker David Ralston, and Lt. Governor Geoff Duncan.

According to Georgia state laws, marijuana oil can be used to treat Parkinson’s disease, severe seizures, and terminal cancer as well as other ailments.

In 2019, the state of Georgia enacted a law called Georgia’s Hope Act, which allowed the commission to develop a medical marijuana distribution system across the state and establish testing regulations. It also issued licenses to businesses seeking to sell cannabis oil with low levels of THC.

Governor Kemp said that the Act provides Georgia residents with a means of treating chronic and debilitating illnesses.

The Georgia Access to Medical Marijuana Commission (GAMM) is made up of three doctors, chief of police, a health policy professor, the president of the Board of Pharmacy in Georgia, and a small business owner. Dr. Edwards is the principal surgeon for the Atlanta Neurosurgical & Spine Institute and the chairman of GAMM.

It will take a while before the rules are passed, permits are granted, and cultivation and sale of medical marijuana products begins. Thrower, who suffers from muscle spasms and chronic pain, said that patients have waited for a long time and cannot wait any longer.

For two and a half years since moving from Illinois, Thrower has been receiving medical marijuana through illegal channels to manage her symptoms. She noted that she wants legal and consistent means of getting medical marijuana.

Thrower volunteers with a group that helps people with disabilities. She said that the government should consider the needs of the patients when implementing the medical marijuana program.

The state vetted more than 50 candidates before naming the members of the commission. The medical marijuana laws on appointing the members of the commission were stringent. One of the rules stipulated that the members of the commission are not supposed to harbor a monetary interest in the marijuana industry during the four-year appointment period and five years after their period has elapsed.

A former state representative Allen Peake said that he expected the commission to include parents with patients suffering from the qualifying conditions.

According to Georgia’s medical marijuana bill, licenses for cultivation would be issued for up to 9 acres of indoor growing space.

The commission will issue medical marijuana cultivation licenses to two large corporations and four smaller companies. Also, the University of Georgia and Fort Valley State University will submit applications for the production of cannabis oil.

The commission would allow the sale of marijuana with less than 5% THC. Compared to CBD oil which has 0.3% of THC, medical marijuana oil has more THC at 5%.

Experts opine that cannabis industry actors like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and HTC Extraction Systems (TSX.V: HTC) hope that now that a commission is in place, patients in the state will not wait very long to start accessing medical marijuana for their symptoms.

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

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

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