420 with CNW — Limited Medical Cannabis Compromise Bill Sent to Tennessee Governor’s Desk

The state of Tennessee is one step closer to legalizing medical cannabis after the legislature sent a limited medical cannabis bill to the governor’s desk. The legislation would expand Tennessee’s limited medical cannabis industry and create a commission tasked with analyzing broader medical cannabis reform. Although the bill is a compromise between cannabis reform advocates and those against cannabis reform, the advocates aren’t happy that a more comprehensive medical marijuana bill failed to pass.

The limited compromise bill would expand the list of qualifying conditions from only intractable epilepsy to include cancer, ALS, Alzheimer’s disease, sickle cell disease, inflammatory bowel syndrome, HIV/AIDS and multiple sclerosis. Patients with the qualifying conditions would be allowed to possess CBD oil that contains a maximum of 0.9% THC. They will be required to have proof of their medical condition as well as a recommendation from a licensed doctor to possess cannabis.

However, since the limited compromise bill doesn’t legalize the cultivation and sale of medical cannabis in the state, qualifying medical marijuana patients will have to source it from neighboring states with legal medical cannabis markets or the black market. The bill only ensures that patients who meet the strict conditions of qualifying for medical marijuana have certain legal protections.

The nine-member commission established by the bill would be charged with studying state and federal cannabis laws and helping Tennessee lawmakers prepare legislation to legalize medical cannabis in the state. However, everything the committee learns will only be implemented in the state’s own medical marijuana space if Congress federally legalizes cannabis. According to language in the bill, it does not authorize a medical cannabis program in Tennessee. Until the federal government stops classifying cannabis as a schedule I controlled substance, the state shall not authorize the licensing of medical cannabis dispensaries.

The bill passed the Senate with a 19 to 12 vote before the House unanimously passed it in a 74 to17 vote. An amendment that would have removed the Senate addition requiring cannabis to be federally legalized before the state can launch its medical cannabis market was quashed in the House right before the bill was passed.

In the meantime, the nine-member committee will be busy studying other state and federal medical cannabis legislations specifically looking at registration, patient qualification, roles of medical professionals and pharmacists, registration of cannabis businesses and testing protocols, among other factors.

The restrictive nature of the cannabis law passed in Tennessee highlights how narrow the legal space within which marijuana sector players, such as Grapefruit USA Inc. (OTCQB: GPFT), have to live within in jurisdictions where cannabis is legal in some form, especially with the added complication of federal law that prohibits marijuana.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — Cannabis Legalization Bill Advanced to Montana Governor’s Desk

Montana’s state legislature has approved a legislation that establishes the recreational cannabis program voters had approved during the November 2020 elections and advanced it to the governor’s desk. Last week, the House approved HB 701, which had thrice been modified by the state Senate. The retail sale of recreational cannabis in the state is scheduled to begin early in 2022.

The legislation, which was introduced nearly five weeks ago, has been amended a number of times in both the House and Senate chambers, with some officials voting to prevent it from advancing.

Earlier last week, a group of GOP legislators came together and opposed the form of the legislation that the Senate had come up with after negotiations in the upper chamber. The bill had indicated that home cultivation would be allowed, that a special court to handle expungement cases would be established and that any surplus funds would be directed to conservation easements. As it is currently written, the legislation would also finance a substance abuse alleviation program called HEART Fund, which was proposed by the state’s governor.

House Republicans voted down the legislation because it had not banned home cultivation, eliminated the possibility of a local nonmandatory excise tax and lowered the tax on recreational marijuana sales.

Instead of sending the bill to a special conference committee, legislators decided to suspend House rules and, with the assistance of the legislation’s sponsor Rep. Mike Hopkins, who gave a motion to revisit the vote, approve the legislation.

Rep. Bill Mercer, who had opposed the bill, argued that Montana would be ring-fencing a lot of the projected revenues from the recreational cannabis program, with no knowledge of how much they would be required to spend. He noted that medical cannabis cardholders, who would have had to pay 4% tax as per the legislation, would be less willing to pay for recreational cannabis at the 20 percent rate.

Mercer added that allowing the local-optional excise tax could allow for the establishment of sales taxes, which would be problematic.

Hopkins stated that fellow legislators had to choose between I-190, the measure approved by voters, and his bill, HB 701. He explained that if his legislation hadn’t been approved before the session came to an end, the recreational cannabis market would have been established under the stipulations in the I-190 measure. Hopkins’ bill also includes a clause to utilize recreational cannabis taxes to finance conservation easements in the program called Habitat Montana.

In the end, the bill was passed, and it now heads to the state governor’s desk for enactment into law.

If the bill gets the nod from the governor, Montana could be destined to see the mushrooming of highly competitive cannabis companies, much like what happened in the California marijuana industry. Grapefruit USA Inc. (OTCQB: GPFT) is an example of the entities flying high in California.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — 3 Bills Seek to Give Cannabis Companies Access to Federal Aid

The state-legal cannabis industry has for years been operating at a disadvantage because of the categorization of cannabis as a controlled substance on the federal level. Although most states with legal cannabis markets deemed the controversial plant essential during the coronavirus pandemic, thus allowing companies in the cannabis space to continue their operations, federal law remains a major thorn in the side of cannabis businesses.

Despite providing hundreds of thousands of job opportunities and contributing millions of dollars in much-needed tax revenue to state coffers, these companies remain locked out of federal aid that would have helped them weather the greatest health and economic crisis in a decade.

However, businesses in the cannabis space are now one step closer to accessing federal financial aid after three new bills that would remove restrictions barring them from federal financial aid programs were introduced in the U.S. House of Representatives. If these bills pass, small businesses in the cannabis space will be eligible for a variety of federal services, including disaster relief, grant programs and loans. Save for a couple of small changes, the three legislations bear a striking similarity to bills introduced in 2019.

The Ensuring Safe Capital Access for All Small Businesses Act of 2021, which was sponsored by House Small Business Committee Chairwoman Nydia Velázquez, would grant businesses in the cannabis sector access to the resources from the federal Small Business Administration (“SBA”).

The SBA would be barred from preventing such businesses from accessing disaster assistance, including microloans as well as its new loan guarantee program. The bill also has provisions that prevent private lenders and SBA intermediaries, as well as state and local development companies, from refusing to work with businesses simply because they are in the cannabis space.

The second legislation, bill H.R.2649, would establish and task a U.S. Small Business Administration (“SBA”) grant program with providing funding to state and local authorities to support the often complicated licensing process for cannabis businesses. Language from the legislation explicitly states that this grant money is to be invested in communities that were disproportionately affected by the failed war on drugs. The bill, which was initially introduced by Rep. Dwight Evans, also removes cannabis from the federal controlled Substances Act.

H.R. 2652, the third legislation, was introduced by Rep. Jared Golden. If this third bill passes, it will prohibit SBA partners that offer guidance and training services from refusing to help businesses that are in the cannabis space or are involved with cannabis businesses. As the country works to recover from the financial crisis brought on by the coronavirus pandemic, Golden says, giving small businesses access to the resources and services they need to grow is crucial.

If these bills are approved and enacted, they could be a great help to many cannabis sector players, such as Grapefruit USA Inc. (OTCQB: GPFT), which would appreciate being treated by the federal authorities in the same way that businesses in other industries are regarded and supported when need arises.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — US Congress Passes Marijuana Banking Bill

Earlier this week, Congress approved the SAFE Banking Act, a law that would make it possible for financial institutions such as banks to conduct business with cannabis companies that are licensed in states which allow marijuana for either recreational or medical use, or both. This law is intended to remove the fear banks have of being penalized by federal authorities since marijuana is currently illegal at the federal level.

The legislators in the House of Representatives passed the bill in a 321-101 vote, and now the bill will be sent to the U.S. Senate for consideration.

The bill provides clarification that any proceeds generated by duly licensed cannabis firms within states with enabling cannabis laws shouldn’t be looked at as illegal, and the law instructs federal regulatory agencies to draft appropriate guidelines through which such banking activities could be overseen at a national level.

Generally, banks have been hesitant to transact business with entities that sell cannabis or cannabis-related products. This reluctance has been based on the fear of being found in transgression of federal regulations.

Consequently, businesses in the cannabis industry were left with limited options for financial transactions. They had to do business with smaller financial institutions (i.e., credit unions, for instance) or were forced to transact in cash. Analysts say this lack of collaboration with banks has held the development of this industry in jurisdictions where it is legal.

Several banking associations have lobbied endlessly for the passing of the proposed SAFE Banking Act. In their view, banks have been put in a difficult position of having to listen to the calls of state regulators asking banks to accept cannabis industry clients while fearing federal regulators who regard marijuana as a highly controlled substance that shouldn’t be available for use.

By urging Congress to act on this legal conundrum, banking companies hope to get a definitive legal position upon which to decide whether or not to do business with state-legal marijuana companies. At the moment, 36 states have systems in place to regulate medical marijuana operators while 17 states have permitted the recreational use of cannabis.

The bill will now head to the Senate where Majority Leader Chuck Schumer has severally expressed his support for the cannabis banking bill as well as other policy reforms with respect to marijuana. He even went on to say that the legislative chamber is ready to move forward regardless of the President’s views on the matter.

If this SAFE Banking bill is finally enacted into law, marijuana sector players such as  Grapefruit USA Inc. (OTCQB: GPFT) will have one less hurdle to face as they go about their state-legal activities.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — Why Cannabis Legalization in Virginia Could Trigger Federal Marijuana Policy Reform

At the moment, 36 states have legalized medical cannabis while 16 states allow recreational cannabis, showing that a majority of Americans support cannabis decriminalization. Although both New York and Virginia had legalized recreational cannabis by the end of March, it was the news that the Southern state had finally allowed adult-use marijuana that illustrated just how much the tide had changed in cannabis’ favor. With the Democratic Party in control of both the House and Senate and Senate Majority Leader Chuck Schumer gunning for federal legalization, the chances that we will soon see a federal cannabis legalization bill are pretty high.

In early April, Schumer made it clear that even though he would appreciate having President Biden’s support, the Senate would move forward with a cannabis bill whether the president was on board or not. Although Biden has said he is more than okay with legalizing medical marijuana and expunging prior cannabis-related offenses from records, he does not support the broad cannabis legalization the Senate Majority leader is after. While Schumer is now an outspoken advocate for cannabis reform, he wasn’t always a supporter, having been against cannabis legalization in the early 2000s.

After seeing how much a legal cannabis market benefited the city of Denver, Schumer’s views on cannabis started changing, and he believes Biden’s views can change as well. New York, which recently legalized recreational cannabis, is poised to earn about $350 million in tax revenue. Virginia, which is the first state in the South to legalize recreational cannabis, will allow residents to possess up to an ounce of cannabis starting July. However, licensed businesses won’t be able to sell cannabis until 2024.

Looking to expedite the state’s cannabis legalization plans, Virginia Governor Ralph Northam has said that decriminalizing the controversial drug will strike a blow to the social inequality caused by restrictive cannabis legislation coupled with aggressive policing. Northam even pointed out that in Virginia, Black residents are three times as likely to face arrest for cannabis possession as compared to white residents, even if they have generally similar usage rates.

According to Denver Mayor Michael Hancock, convincing more conservative Democrats such as President Biden that legalizing cannabis will have a plethora of benefits, including righting many of the harms done by the failed war on drugs, will take some work. Schumer has stated that both he and many other advocates will make their arguments to Biden but should the president fail to offer his support, Schumer will move forward with the federal legalization bill he has been working on with Senate Finance Chair Ron Wyden and Senator Cory Booker.

If the federal government eventually reforms its marijuana policies to reflect the reality in most states across the nation, lots of companies in the sector, including Grapefruit USA Inc. (OTCQB: GPFT), may heave a sigh of relief as many of their challenges associated with conflicting federal and state laws will end.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — New Poll Finds That 75% of Americans Support Legalization of Marijuana

survey conducted recently by The Hill and HarrisX found that three in four voters in America support either letting individual states decide on policies governing cannabis or legalizing cannabis nationally. The survey interviewed 1,882 voters between March 24 and 26, and shows just how much public opinion has shifted; the majority of Americans now support the end of federal prohibition.

The survey asked the respondents their views on marijuana policy and provided three options to choose from:

  • Marijuana should be illegal everywhere.
  • States should decide on marijuana legalization.
  • The federal government should legalize marijuana.

An estimated 38% of the respondents stated that the federal government should approve the change in marijuana policy while 37% felt that the choice should be left up to the states. The remaining 25% revealed that they would prefer extensively enforcing marijuana prohibition across the country.

The poll demonstrates a roughly even split between federal legalization and letting states enact changes in policy despite the fact that there’s no serious movement to get the federal government to compel states to approve policy changes.

Thus far, legislations that have been introduced in Congress to federally legalize cannabis may not force individual states to legalize cannabis; rather, proposed legislation would remove marijuana from the Controlled Substances Act, which would empower individual states to make their own choices, without interference, while also legitimizing the industries that already exist.

The survey also highlights how voters from different parties view this issue from an ideological perspective, with the results showing that members of the Democratic party are more likely to be in favor of federal legalization while GOP party members prefer state-level decision making. No geographic, racial, age, political or other demographic in the survey demonstrated majority support for keeping marijuana illegal across the board.

Despite this, legislators are pursuing both options of reform this year.

A new wave of enacting new marijuana policies seems to be hitting every state, with the state of New York, under Gov. Andrew Cuomo, having recently signed a bill to legalize marijuana while the legislature in New Mexico advanced a proposal to legalize marijuana in the state to its governor’s desk.

Over in Congress, Senate Majority Leader Chuck Schumer revealed that a bill that would put an end to federal prohibition, which he has drawn up with the help of his colleagues, would be introduced soon.

Another recent survey discovered that two-thirds of voters in Louisiana support cannabis legalization while a separate poll released in March found that New Yorkers support legalization policy that also allowed for deliveries and home cultivation.

Amid the current federal prohibition of cannabis, many companies have found success in states where enabling laws exist. One such company is Grapefruit USA Inc. (OTCQB: GPFT), which operates in California, the largest legal market for marijuana in the United States.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — Top Mexican Legislator Reveals Senate Will Soon Pass Bill to Legalize Marijuana

Last week, a senator in the Mexican Senate revealed that the upper chamber is preparing to pass a legislation to legalize cannabis as amended by the Chamber of Deputies this March.

Sen. Eduardo Ramírez Aguilar, who is a member of the ruling MORENA Party, explained that it was important to pass laws in the terms presented to the senate given the deadline they had been issued by the Supreme Court to enact changes in policy by April 30. He added that legislators could consider further revisions to marijuana laws after the preliminary bill had been enacted.

During a press conference, Ramírez Aguilar, who also acts as the Senate Board of Directors president, noted that the legislators’ priority was that the bill came into effect, with the only way forward being to approve it. The comments come roughly a fortnight after the Chamber of Deputies approved a landmark legalization measure that had been amended after it was passed by the Senate in 2020.

While the driving force behind the bill being approved is a Supreme Court mandate, many legislators have advocated for reform. Additionally, earlier in 2018, the court had ruled that the prohibition on growing marijuana and on personal possession was unconstitutional and tasked legislators with approving a change in policy.

For the moment, Senate Majority Leader Ricardo Monreal Avila stated that there was an ongoing thorough review by committees in the body that focused on whether the legislation would contribute to a reduction in fatalities as well as a reduction in crime. Under the measure, individuals aged 18 and above would be permitted to buy and possess up to 28 grams of cannabis and grow up to six cannabis plants for personal use. However, deputies have made amendments to the version that had been approved by the Senate. These revisions include licensing policies and rules for the commercial cannabis market, as well as the market’s regulatory structure.

Of these changes, the most significant one is that the revised legislation would not set up a new independent regulatory body whose work would be to oversee the implementation and licensing of the program as had been approved by the Senate. Instead, this authority would be given to an agency that already exists, the National Commission Against Addictions. In addition, the chamber also passed amendments to prevent forest land from being turned into cannabis growing areas and to increase penalties for the unauthorized possession of huge amounts of marijuana.

When Mexico finally establishes a regulated market for marijuana products, the country should expect to see a lot of innovative products introduced on the market in the same way that other jurisdictions have witnessed. A clear example is the patented HourGlass system introduced by Grapefruit USA Inc. (OTCQB: GPFT). This system makes it possible for cannabinoids such as THC to be efficiently absorbed through the skin.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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 — Colorado House Passes Bill Increasing Marijuana Possession Limit

The state of Colorado established an adult-use cannabis market in 2014, becoming the second state to do so. Despite this, the state’s program is still evolving, with its governor recently signing a bill that would establish a social equity fund for the marijuana industry, and the state assembly approving a bill to increase the cannabis possession limit.

Last week, Gov. Jared Polis visited a cannabis dispensary in Denver to sign an initiative that would create a program in the Office of Economic Development and International Trade in the state, whose role would be to support marijuana businesses owned by individuals who met the specifications for social equity licenses, which is mainly individuals who were most affected by the war on drugs.

According to a summary of the initiative, the program would offer loans to business owners for ongoing business expenses and seed capital, in addition to grants to support the creation of jobs and innovation. Additionally, it would make technical assistance available to cannabis business owners.

The initiative was drafted in consultation with a coalition of minority-owned marijuana businesses known as Black Brown and Red Badged. To begin with, the program will be granted a preliminary infusion of $4 million from the cannabis tax fund in the state, which is roughly $1 million less than what Gov. Polis had requested earlier in January.

Before signing the initiative, Polis stated in a press conference that the war on cannabis disproportionately affected people of color, which effectively reduced their access to the cannabis industry that was regulated and fully legal in the state of Colorado. The governor observed that the initiative was particularly important as the federal Small Business Administration hindered federal resources from being used to support and help businesses that operate in the legal cannabis industry, noting that this was why the state was stepping forward to help fill that role.

In 2020, Polis signed another legislation that would establish a statewide definition of marijuana social equity licensees. These businesses will be the primary beneficiaries from the new law.

In a press release, Hashim Coates, the executive director of BBRB, stated that equity in marijuana would focus on new opportunities and possess the ability to take advantage of the said opportunities. However, he added, the efforts had been delayed by the coronavirus pandemic, which led the legislature into a hiatus in 2020.

In other news, the House passed legislation last week that would increase the amount of cannabis an individual age 21 or above could possess.

Colorado isn’t the only state where cannabis industry laws are being proposed and passe. California was the first to legalize recreational marijuana, and many companies have set up shop in this state. An example is Grapefruit USA Inc. (OTCQB: GPFT), which has specialized in bringing highly disruptive products to the medical and recreational marijuana markets.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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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CBDNewsBreaks – Grapefruit USA Inc. (GPFT) Announces Increased Bioavailabilty for Flagship THC/CBD-Infused Cream

Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed California-based cannabis company, has reached another technological milestone in the proprietary manufacturing process for its patented, disruptive Hourglass(TM) time-release THC+ cannabinoid delivery cream. In the announcement, the company noted that continued research and analysis of the manufacturing process have led to a substantial reduction in the size of the cream’s THC/CBD-infused particles. The mean particle size now measures 8.2 microns compared to previous samples, which averaged 33.1 and 29.9 microns. The company consistently analyzes the process with the intent of reducing the size of the infused particles, which leads to an increased bioavailability of Hourglass’ active ingredients. “We constantly strive to improve the quality of our Hourglass time-release THC+ cannabinoid delivery cream so our clientele is always the beneficiary of the best possible full-spectrum entourage experience we can deliver,” said Grapefruit CEO Bradley Yourist in the press release. “We performed several particle size analyses on the structure of the Hourglass cream as part of our manufacturing protocols in an effort to fine tune the process and produce a cream capable of delivering the best possible experience to Hourglass users. Our efforts have paid dividends. We are currently in the process of adapting our proprietary manufacturing protocols to our new hemp-derived CBD cream. No CBD competitor’s topical products will be able match the consistency and technology of our hemp-derived CBD creams to deliver Hourglass’ stellar results.”

To view the full press release, visit https://cnw.fm/Oq1oO

About Grapefruit USA Inc.

Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products in the Golden State. Grapefruit’s extraction laboratory and manufacturing and distribution facilities are located in the industry-recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, California. To find out more about the company, please visit www.GrapefruitBlvd.com.

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

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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420 with CNW — Study Says Marijuana Legalization Has No Adverse Effects on Outcomes of Army Recruits

Although the country has seen a wave of cannabis reform sweep through its states for the past few years, not everyone is a fan of legal weed. Opponents have claimed that legalizing cannabis would increase drug abuse among the youth and lead to a boost in criminal activity. However, most studies have found that not to be the case, with legal cannabis markets helping people deal with issues such as chronic pain, creating thousands of job opportunities and providing states with millions of dollars in tax revenue.

new study has found that cannabis use in legal markets has not had a negative effect on army recruits. The Rand Corp study found that despite more states allowing cannabis use, there was little evidence that soldiers coming from such states had negative recruitment outcomes. Researchers arrived at this conclusion after studying regular enlistments for the Army from 2001–2012 and comparing the contracts with Army personnel records up to 2018.

By comparing these two sets of data, the researchers from Rand were able to follow recruits over the years as they progressed in the military. Instead of regular cannabis use before recruitment resulting in worse career outcomes, they found that in some cases, the legalization of cannabis coincided with improved career outcomes for recruits. This means that recruits coming from states that have allowed cannabis use have a reduced likelihood of dropping out before completing their first term, being removed due to their entry-level performance, or failing a physical or medical test.

While 15% of Army recruits in 2001 came from states that allowed medical cannabis, more than half of the 2018 recruits came from states with legal medical cannabis markets while 19% were from states that allowed recreational cannabis use. However, the researchers say that the datasets they used are still incomplete, especially since most states have only recently started to update how they police cannabis.

For instance, the 2017 National Survey on Drug Use and Health found that close to 40% of 18-year-olds have used cannabis at least once in their lives and 20% consumed cannabis in the past month. But from 2001–2018, only 2.5 % of regular Army accessions had a recorded history of cannabis use. Also called a “documented history of marijuana,” this term refers to any and all past encounters with cannabis, including arrests and convictions for using or selling the substance as well as self-confessed cannabis use while being enlisted.

The researchers advise the Army not to lump recruits with only a documented history of marijuana together with recruits who have cannabis-related misconduct offenses on their records.

As more research comes to light dispelling many of the misconceptions around marijuana, savvy companies are poised for explosive growth in the coming years. One such company is Grapefruit USA Inc. (OTCQB: GPFT), which specializes in manufacturing and distributing premium cannabis products in California.

NOTE TO INVESTORS: The latest news and updates relating to Grapefruit USA Inc. (OTCQB: GPFT) are available in the company’s newsroom at http://cnw.fm/GPFT

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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