The Supreme Court in Mississippi has overturned an initiative passed by state voters to legalize medical cannabis. This ruling was made on Friday after a mayor challenged the legalization initiative in court.

While the complaint against the amendment didn’t raise any objections against the contents of the voter initiative, the plaintiffs took issue with the procedure under which the measure was certified by the state secretary of state.

In its ruling, the Supreme Court observed that it noticed that an overwhelming number of voters supported the proposed constitutional amendment. However, the court was left with no choice but to uphold the suit filed by the mayor of the city of Madison on the ground that statutory requirements were not adhered to before the measure was certified for inclusion on the 2020 ballot.

The petition was premised on a law that stipulated that for any initiative to qualify for inclusion on the ballot, it should be supported by Congressional district voter signatures, which are no more than one-fifth of all signatures required to get the measure certified. That particular law was passed at a time when Mississippi had five Congressional districts; however, currently, the state only has four such districts. In short, it is currently impossible to abide by that law if any initiative that seeks to amend the state constitution is to stand a chance of being certified.

State officials, including the secretary of state, strongly argued that the spirit of the law cited was to make sure that support for any constitutional amendment was spread out throughout the state, and that the support for initiative 65 met that requirement.

Nevertheless, the majority of the justices of the Supreme Court (six out of nine) ruled that their hands were tied as the law had to be followed when passing the amendment. They advised that while the Supreme Court couldn’t fix that procedural issue, the administration or the legislature had the power to assess the practicality of that law and then make the necessary changes.

Marijuana advocates expressed regret that the case ended the way it did, and the Medical Marijuana Association of Mississippi said it was sad that patients who had hoped to access medical cannabis soon would have to continue suffering since the will of voters had been thwarted.

Many other cannabis initiatives have suffered defeat before state Supreme Courts. For example, a proposed 2022 Florida initiative was annulled by the Supreme Court while a 2020 initiative in Nebraska was also voided by the highest court in the state before the November ballot.

These temporary setbacks in the legalization movement are unlikely to discourage sector players such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) regarding the eventual possibility of federal cannabis policy reform.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Last week, Colorado Governor Jared Polis signed a bill to expand access to medical cannabis for students in schools. The state’s current law allows principals the discretion to establish policies that prevent or allow schools to administer and store marijuana-based medicines. Under the new legislation, this discretion is eliminated, which means that school boards will establish policies on how to store marijuana medicines while also allowing their personnel to volunteer to administer it to students who need it as well as possess it.

The governor’s office stated that Polis is also planning to sign another legislation that was recently advanced to his desk. This legislation would increase the recreational marijuana possession limit in Colorado from one ounce to two ounces.

Victoria Graham, who is the governor’s spokesperson, noted in an email that Polis intended to sign the legislation. Earlier, Polis stated that he was pleased to sign SB 21-056, which would allow marijuana to be treated in the same way prescribed medicines were treated. He added that the legislation would make it harder to discriminate against volunteers such as teachers and school nurses who had come forward to administer medical marijuana.

NORML state policies manager Carly Wolf stated that students who depend on medical marijuana shouldn’t be denied access simply because the marijuana needed to be administered in a school setting.

Cannabis advocates note that while this legislation is a step in the right direction, they look forward to the governor signing the bill to double the cannabis possession threshold for individuals aged 21 and above in the state. This legislation would also need courts to grant requests to seal previous records of marijuana possession if the proper documentation has been provided. This would eliminate the need to consult with a district attorney.

Wolf explained that passing this law would prompt law enforcement to direct their resources toward fighting other crimes instead of expending resources to arrest individuals for minor, nonviolent offenses. The law would also make sure that low-level offenders don’t have to pay fines they couldn’t afford.

This change in policy may significantly influence future pardons. In October 2020, the governor issued an executive order that gave clemency to nearly 3,000 individuals who had been convicted of possession. However, his office decided not to pardon individuals who had been convicted of possessing more than an ounce of marijuana because that amount was in violation of the present state law.

It is such progressive laws that give cannabis sector players such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) hope that a time will come when the existing regulatory hurdles that make it challenging to operate in the cannabis space will be eased to enable the sector to grow even faster.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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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Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands and a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, will be participating in Canaccord Genuity’s 2021 Virtual Cannabis Conference. The one-day conference is scheduled for today, May 11, 2021. GLDFF CEO and president Jeff Yapp, along with executive chairman John Varghese will present during the conference; their live presentation will begin at 3:30 p.m EDT. Canaccord Genuity’s annual global cannabis conference is an investor-focused event designed to create a premier opportunity for global leading players in the cannabis industry to gather together and connect.

To register for the event, visit https://cnw.fm/Hyn8a

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

About Golden Leaf Holdings Ltd.

Golden Leaf Holdings is a premiere, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington. For more information about this company, visit www.GoldenLeafHoldings.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, was featured on Market Call, a weekday program broadcast by BNN Bloomberg where top fund managers and market analysts give their thoughts and top picks. Bruce Campbell, president at StoneCastle Investment Management, fielded questions from a caller in Windsor, Ontario, to give his thoughts on Golden Leaf Holdings. “They’ve had some sort of past issues in the fact that that market is very tough,” Campbell explained, addressing an unlimited number of licenses, a dropping price of cannabis and a previous management team that he indicates wasn’t very diligent in terms of spending.  “The new management team that’s taken over are good operators,” Campbell said, explaining that, given a couple of good quarters showing progress in the right direction and cash generation, he believes the stock price will start to move.

To view the broadcast visit, https://cnw.fm/ZrPO5

About Golden Leaf Holdings Ltd.

Golden Leaf Holdings is a premiere consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. GLH operates nationally through Fifth and Root and has operations in Oregon and California. Visitwww.GLHMonthly.com for regular updates.

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

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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A casual look at the cannabis industry will reveal that the sector uses a lot of energy in grow rooms — so is the industry doomed to continue operating in ways that aren’t sustainable? Not at all — several ways are available to “green up” this sector as discussed below.

Switch to sustainable agricultural practices

One sustainable practice is installing a recirculation system for the water used in grow rooms. Such a system would not only capture but also treat any water that would have otherwise been lost as plants are irrigated. Lightshade, a Colorado-based integrated cannabis company, is already doing this, and company officials report they have trimmed their annual water requirement by 1.2 million gallons.

Switching to LED lighting or using a combination of sunlight and HPS lighting can reduce the energy bill significantly as Lost Coast, another Colorado-based marijuana company, will attest.

Cutting back on the use of pesticides and other synthetic agrochemicals will also protect waterways and land from the adverse effects of those chemicals. Growing cannabis organically through enriching soil health reduces cultivation costs while yielding superior products.

Opt for eco-friendly packaging

Each jurisdiction has its own cannabis rules that require the use of RFID tags, security bags and other such packaging restrictions. However, the rules aren’t an excuse to do things in a nonsustainable way, and cannabis companies can opt for sustainable packaging. This includes hemp plastics, glass containers or recycled plastic products.

Why not ask customers to return empty containers once they have used up the cannabis they bought? This will allow those containers to be reused rather than finding their way into landfills. Returning used containers to retailers provides a way for companies to ensure that materials that are recyclable are sent to the appropriate recycling facilities.

Look into sourcing alternative materials

Instead of cannabis users buying isopropyl alcohol to clean bowls and glass pipes, why not switch to a device that covers a pipe’s mouthpiece, thereby filtering out any germs that would have been transmitted to different users indulging as a group?

Moose Labs made such a device, dubbed MouthPeace, long before the pandemic was here, and vendors can be engaged in developing other such alternatives that reduce the carbon footprint of cannabis manufacturing or consumption.

As consumers become increasingly aware of the need to buy cannabis products that are sustainably grown, processed and packaged, going green will yield an even bigger financial dividend for operators who adopt these practices.

A number of companies, including the Chalice brands of Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF), have embraced organic cannabis cultivation, which shows that there is already movement towards sustainability in the industry.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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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Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, is featured in a recent article titled, “How Oregon’s Cannabis Industry Is Getting Back ‘In the Green.’” The article notes that, since cannabis has been legal in Oregon for some time, shoppers are becoming more comfortable stopping by a dispensary, much like they do a liquor store, and cannabis sales have jumped 40% in the past year to more than $1 billion. The article also reported that both supply and demand have risen significantly, with production up 78% since 2019 and sales up by 150%. As a result, the state cannabis regulatory agency could issue up to 100 more producer licenses this month. In this promising setting, Golden Leaf is developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness.  “Further cementing its status as a leader in the Oregon market, [Golden Leaf] just signed a non-binding letter of intent to acquire a multistore chain,” the article stated. “It is expected that these stores would generate at least $10 million (USD) in annual run rate revenue (based on unaudited January 2021 results) and had a net operating margin of 11% (unaudited) during fiscal 2020. In a February 2021 media release detailing this news for investors, GLH’s Chief Executive Officer, Jeff Yapp called the acquisition of this retail chain a ‘transformational’ deal for the Company. . . . As the market grows, so too does opportunity for cultivators, as the OLCC noted that some growers, like GLH are targeting retailers’ top shelves to sell their product with the aim of raking in more cash. Golden Leaf plans to advance this plan through the aid of its recently proposed non-brokered private placement of up to 169,230,770 units priced at $0.065 (CAD) per Unit for aggregate gross proceeds of up to $11 million (CAD). The proceeds of the offering will be used by the company for strategic retail license acquisitions. When news of this financing broke, it helped build upon the recent momentum the stock has seen since late January when the Company closed its $3.4 million (CAD) financing.”

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

About Golden Leaf Holdings Ltd.

Golden Leaf Holdings is a premiere, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, with seven dispensaries in Portland, Oregon. The company is committed to developing a dynamic portfolio built around the recognized brands of Chalice Farms, with a focus on health and wellness. Markets served include Oregon, California, Nevada and Washington. For more information about this company, visit www.GoldenLeafHoldings.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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Advocates of marijuana reform as well as enthusiasts celebrated 4/20 in various ways this past Tuesday in different states across the country. Musicians such as the Flaming Lips and Wiz Khalifa also took to their platforms to celebrate this marijuana enthusiasts’ day.

For those who may not be familiar with this date, April 20 of each year is an unofficial cannabis holiday.

During the 2020 November elections and even earlier this year, even more states legalized cannabis in the country, which brought the total to 16.

Many speculate that leaders in Congress may soon introduce laws that end federal prohibition. Marijuana reform has grown popular with findings from a national poll that was conducted recently showing that 69% of Americans do not oppose legalization; rather they would prfer to welcome it.

Let’s look at some of the brands that celebrated 4/20 last week:

Weedmaps

This tech company hosted a 4/20 livestream event, which featured musical performances from artists such as A$AP Rocky and Snoop Dogg.

Lagunitas Brewing Co.

This beer company introduced a new ale to the market as a way to celebrate a group of teens from California who begun the 4/20 craze in the ‘70s. The group was dubbed the Waldos.

discovery+

This TV station announced its plans to launch a cannabis-themed version of Chopped, the cooking competition show.

BarkBox

This treat and dog-toy business promoted some of its dog goodies, which were 4/20 themed and an idea gift for people could get for their furry friends.

Nuggs

In honor of this holiday, the alternative-meat company offered a $420 giveaway to some of its Instagram account followers. The winners, which were randomly selected, were notified through their DMs.

Ben & Jerry’s

This popular ice cream company used its platform on 4/20 to promote federal cannabis reform, in addition to using vans and digital billboards to promote and advertise the MORE Act (Marijuana Opportunity, Reinvestment and Expungement Act).

Jimmy John’s

This sandwich company streamed a live “wake and bake” session on its Instagram account and gave enthusiasts the chance to win limited-edition merchandise.

In addition to these brands, a few organizations also celebrated the stoner holiday. These include:

The National Highway Traffic Safety Administration

This agency urged individuals to not drive while impaired through a tweet that used the hashtag #420.

The USDA

The Department of Agriculture took the opportunity to educate hemp cultivators on crop insurance.

DCMJ

This organization planned an event where members gave away free cannabis at coronavirus vaccination centers in different parts of the nation’s capital.

While lots of cannabis companies such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) face plenty of challenges, particularly with regard to the lack of congruence between federal marijuana laws and those at state level, the 4/20 unofficial holiday offers an opportunity to reflect on the strides made regarding cannabis policy reform, as well as taking stock of what more needs to be done.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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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A study that was carried out recently found that in 2020 the state of Illinois generated $175 million in cannabis sales tax, which is the fifth-highest amount in the country. This amount makes up 0.4% of the state’s total 2020 revenue.

At the moment, 16 states across the nation have now fully legalized cannabis, with 11 of these imposing retail sales taxes on cannabis and cannabis products. The study, which was released by the U.S. Drug Test Centers, also found that youth and adult usage of cannabis grew in the past year.

The state of Illinois had initially awarded 75 cannabis dispensary licenses last year. However, current published reports show that a proposed legislation that would afford minorities as well as the poor a chance to enter the cannabis industry since they were excluded in the initial round and that would double the number of licenses, may soon be introduced.

Last month, State. Rep. La Shawn Ford got together with a group of minority marijuana applicants and announced plans for a measure that would establish nearly 115 new cannabis shop permits.  A story covering that announcement was published in the Chicago Sun-Times, stating that advocates of the proposed measure noted that there was no licensed cannabis business that had an individual of color as a majority owner.

The study also discovered that since 2015, cannabis usage had grown by double digits in every state, with the state of Nevada claiming the number 1 spot at 119%. Additionally, adults who viewed cannabis as a dangerous substance had decreased to 25%.

Among the states that have legalized marijuana, including Washington DC, the study observed a decrease in youth usage in half and a rise of the same in the remaining eight states. However, the study found no direct correlation between the usage of marijuana by the youth and legalization.

In addition to this, the study also discovered that since 2015, youths aged between 12 and 17 and adults in the state of Illinois who used cannabis “in the last month” had grown by 4% and 39% respectively.

Earlier in December 2019, the City Council of Kankakee County approved a law that would permit the regulation of adult-use marijuana business organizations. The city is allowed to have a single licensed retailer. In the same year, the Kankakee County Board also voted in favor of prohibiting cannabis sales in unincorporated areas of the county. The executive committee will be re-examining this issue during its next meeting this April.

It may be reasonable to assume that as states earn large sums of money in the form of taxes on marijuana, the different cannabis companies such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are also, hopefully, turning a decent profit rather than suffering under the yoke of taxes.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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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Last week, a legislation to permit on-site cannabis consumption lounges was approved in an Assembly committee in Nevada. Backed by Speaker Pro Tempore Steve Yeager, the bill would establish two new categories for marijuana business licenses in Nevada. One of the categories would cater for independent marijuana consumption lounges and the other for retail marijuana consumption lounges.

Under the social use legislation, existing retailers will be allowed to apply for retail consumption lounge licenses as well as sell products to individuals aged 21 or older, which could be ingested on-site. However, independent lounges will be required to have cannabis products their clients consume delivered from a licensed retailer as the lounges will not be allowed to sell marijuana.

In addition to this, the committee approved an initiative that would ensure that the THC concentration in an individual’s blood would not be the only measure used to determine impairment while driving. This comes after no scientific evidence highlighting a link between active impairment and the amount of THC metabolites found in the blood was discovered.

That said, holders of independent licenses may enter into contracts with adult-use retailers to sell their products or make a request to regulators to sell the marijuana they (the licensed lounge) produce.

Additionally, the legislation stipulates that the Cannabis Compliance Board will be in charge of setting fees for license applicants and formulating regulations for on-site consumption facilities. It should be noted that businesses that qualified to be social equity applicants would pay reduced fees. The bill also states that any individual who has been afflicted by prior laws that made activity relating to marijuana illegal will be deemed to be a social equity applicant.

Before the bill was advanced through the Assembly Committee, Yeager suggested that a revision be made to the legislation ensuring that products bought at the aforementioned establishments could not be taken from the facility.

Earlier in 2019, the city council of Las Vegas approved a rule that allowed consumption sites within the city limits. In the same year, Alaska enacted regulations that would allow cannabis users the option to use on-site at dispensaries, making it the first state in the country to do so.

The state of Colorado approved a measure soon after this that legalized cannabis hospitality establishments and marijuana tasting rooms, where individuals aged 21 and above could freely use marijuana. Affording consumers this option and introducing new license types could further increase cannabis tax revenues in the state of Nevada.

Companies that hold cannabis licenses in Nevada, such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF), are likely to watch closely how the eventual licensing of consumption lounges will impact the industry in general.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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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As March drew to a close, New York Governor Andrew Cuomo signed a bill to legalize recreational marijuana in New York, making it the 15th state alongside the District of Columbia to allow adult-use cannabis. The legislation will allow adults over age 21 to possess up to 24 grams of cannabis concentrate and 3 ounces of cannabis flower; adults will also be allowed to grow up to six cannabis plants at home. Additionally, the bill will automatically expunge prior cannabis offenses that are now considered legal.

Medical cannabis patients in New York will be happy to know that the adult-use bill will also have positive implications for the medical marijuana sector. For starters, it will allow doctors to prescribe cannabis for a lot more medical conditions than current legislation allows. At the moment, state law allows doctors to only prescribe medical cannabis to patients with certain qualifying conditions. According to the state department of health, the new law will allow doctors to prescribe medical cannabis for any medical condition that they feel warrants that kind of treatment.

Additionally, the new bill will also allow medical cannabis patients to grow their own marijuana at home, giving rural patients who have to travel miles to get their medical cannabis a reprieve. Penelope Hamilton Crescibene, for instance, has an autoimmune disease called Sjögren’s syndrome that causes her chronic pain. A rural customer living in Genesee County, she would be forced to travel all the way to Buffalo or Rochester to pick up her medical cannabis prescription, traveling for around two hours every time.

With the new recreational cannabis legislation in place, she can now grow her own cannabis at home. She will now have much more control over the medical cannabis she consumes, including the specific genetics that would benefit her the most and whether or not the cannabis will be grown organically. Allaying fears that increased access to cannabis would lead to overuse, Steuben County Health Commissioner Darlene Smith says that patients who are dealing with chronic pain and disability are more likely to use their cannabis as per their doctor’s instructions to ensure it lasts until their next prescription.

On top of increasing patient access to medical cannabis, the new recreational cannabis bill allows designated caregivers to pick up medical cannabis for patients under age 21, and it abolishes the $50 fee patients were required to pay to obtain a medical cannabis card. Patients will also be able to pick up enough medical cannabis for 60 days at once, up from only 30 days’ worth of cannabis that is presently allowed.

The reforms being made to the cannabis policies at state level in various jurisdictions appear to ease the environment within which companies such as Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) attempt to serve the different needs of the populations within those jurisdictions.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

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

CannabisNewsWire420
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http://www.CNW420.com
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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.