CBDNewsBreaks – Geyser Brands Inc. (TSX.V: GYSR) Subsidiary Attains License, Enables Health Care Brands to Add CBD

Global science-led consumer health-care company Geyser Brands’ (TSX.V: GYSR) wholly owned subsidiary, Apothecary Botanicals, has received a standard processing license from Health Canada. A recent article discussing the company reads, “‘The license allows us to add value to existing consumer health care brands by providing them the platform to add CBD,’ Geyser CEO Andreas Thatcher stated in a news release (http://cnw.fm/8FyOi). ‘It also reflects our business model to focus our licensed producer on delivering scale through manufacturing and distribution for brand companies.’ . . . The new license allows Geyser to begin work to extend its cannabidiol products to the regulated Canadian consumer medical market as the company awaits its R&D and sales licenses. Physical modifications to the Apothecary Botanicals manufacturing facility to deliver GMP-compliant capacity are complete, with production of in-house formulated branded products expected to begin sometime in late summer.”

To view the full article, visit http://cnw.fm/dO6oL

About Geyser Brands Inc.

Geyser Brands builds health-based, hemp-CBD consumer products in the nutraceutical, cosmetics, food-and-beverage and pet sectors worldwide. R&D investment in NanoFusion, a proprietary all-natural nanotechnology, delivers topical, cream, beverages and baked goods, oil, and tincture formulations with superior bioavailability and water solubility. Geyser Brands is a Health Canada-approved licensed producer (“LP”) in Port Coquitlam, British Columbia, that holds a cultivation license and is anticipating its processing and sales licenses. The company is exclusively focusing on leveraging these assets to provide the regulatory infrastructure for its global brands and distribution strategy, as well as acquiring hemp- and plant-based brands and infusing them with new CBD product lines in jurisdictions where the therapeutic ingredient is legal. The company’s proprietary NanoFusion technology surrounds oils and solves for the insolubility of CBD. Geyser Brands will utilize its 7,000-square-foot licensed facility in British Columbia for the manufacturing and international distribution of its hemp- and CBD-based products. For more information, visit the company’s website at www.GeyserBrands.com.

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

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 – Outside Lands Makes News as First US Festival to Sell Weed On-Site

Last weekend saw festival-goers in Northern California treated to the first ever major festival to sell marijuana on-site. This happened during the Outside Lands music festival which was held between August 9 and 11 in San Francisco at the Golden Gate Park.

The event had a cordoned-off area called Grass Lands where marijuana and music lovers were delighted to learn that they could buy different marijuana products. More than 20 cannabis vendors were in this section of the festival grounds to serve customers.

While consuming marijuana in public is still illegal in California, the Outside Lands music festival provided a rare opportunity for people to buy and consume pre-rolled joints, marijuana-infused chocolates and other products. People who wanted to smoke their weed could do so in a clearly marked smoking area.

The Outside Lands festival was also notable because it had another first for California. State law doesn’t permit the sale of weed and alcohol within the same venue, but festival attendees could enjoy both. The only restriction was that no one was allowed to enter Grass Lands with an alcoholic beverage, but alcohol was abundant in the other sections of the festival venue.

Grass Lands made its first appearance at the Outside Lands festival last year. During its maiden appearance, only educational materials were available for festival-goers to learn about marijuana and its numerous benefits.

This year, the organizers of Grass Lands had to wait until August 7 when the San Francisco Office of Cannabis finally approved the application for on-site sale of marijuana during the festival. This approval came just two days before the Outside Lands festival was due to start.

The people who attended the festival were allowed to buy a maximum of 2grams of marijuana concentrates while those who wanted cannabis flower could only buy up to 7grams of pot.

Many of the vendors at Grass Lands, such as Kiva Confections and NUG, revealed that their objective in taking part during this year’s Outside Lands festival was to help in making conversations about cannabis and its use normal in society.

As the first event at which cannabis has been sold and consumed in the state, this year’s Outside Lands could be a pointer of what is yet to come for the cannabis industry.

It is widely believed that the entire cannabis industry, including participants like Earth Science Tech Inc. (OTCQB: ETST) and Geyser Brands Inc. (TSX.V: GYSR), applauded the success of this festival because other jurisdictions could borrow a leaf and ease up on the consumption of marijuana during outdoor events.

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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 Lawmakers Pass Bill Allowing Medical Marijuana as Alternative to Opioids

Across the U.S., more than 130 people die each day due to overdosing on opioids. Colorado has permitted medical marijuana to be used as a way to combat this crisis, at least within its borders. This makes Colorado the third state in the country to give doctors permission to discuss medical marijuana with their patients who need opioids to deal with their acute or post-operative pain.

The other states that have this provision are Illinois and New York. Two other states (New Jersey and Pennsylvania) have allowed patients diagnosed with opioid use disorder to consider medical marijuana as a treatment option.

Rep. Edie Hooton, the Colorado lawmaker who co-sponsored the bill to legalize the use of medical marijuana as an alternative to opioids, said that the law was designed to give doctors the legal protection that they needed in order to discuss medical marijuana freely with their patients. He added that the passing of the bill on Friday now makes it normal for doctors to have this conversation.

While the supporters of this new law say that it will help to curb the opioid crisis in the state, there is insufficient scientific research to support this assertion. One of the studies which is cited to prove that medical marijuana can curb the opioid crisis is a study which was published in JAMA in 2014.

That research found that there was a 25 percent drop in the number of people dying from opioid overdoses in the states where medical marijuana is legal. The data analyzed covered the years between 1999 and 2010.

However, other studies done on the subject have come up with opposite conclusions, with a recent study which expanded the timeframe to 2017 revealing that opioid overdoses increased by almost 23 percent in the states with legal medical marijuana.

As the scientific community works round the clock to build consensus on how useful medical marijuana may be in stemming the tide of deaths associated with opioids, state lawmakers have gone ahead to enact policies and laws permitting the use of marijuana as an alternative to prescription meds for pain. These lawmakers believe that giving patients more options will empower them to choose what they believe will work for them instead of being forced to use opioids, thereby exposing themselves to the well-documented harmful side effects of these drugs.

For example, the state of Illinois launched its Opioid Alternative Pilot Program in January this year in order to gather data on how patients manage their pain if they are allowed to use medical marijuana instead of opioids. So far, 2,000 patients have signed up.

The entire cannabis industry believes that industry players, such as Geyser Brands Inc. (TSX.V: GYSR) and Golden Developing Solutions Inc. (OTC: DVLP), hope that the patient data collected will provide proof that medical marijuana can play a part in taming the opioid crisis.

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420 with CNW – Poll Finds Cannabis Legalization More Popular than $15 Minimum Wage and Free College Education

A new national survey has found that legalizing marijuana is more popular than providing free college education and instituting a $15 minimum wage across the country. The poll, conducted by Marist Poll, was funded by PBS NewsHour and NPR.

In the poll, 1,346 adults from across the country were interviewed over the phone between July 15 and 17 about their views on 20 policy proposals. More specifically, the respondents were asked to state whether those policy proposals were or weren’t a good idea. 63 percent of the people polled said legalizing cannabis was a good idea while 32 percent were opposed to this policy proposal.

Only four policy proposals ranked higher than cannabis legalization during this poll. Those policies are; making it mandatory for a background check to be done before anyone buys a firearm, government passing regulations for the prices of prescription drugs, giving people the liberty to opt in to Medicare, and creating a mechanism through which people who enter the U.S. illegally can acquire citizenship.

On the issue of Medicare, 70 percent of the respondents said that they supported a system that would allow people to choose between being on the national healthcare insurance scheme and enrolling on a private one.

The findings of this poll provide some explanation as to why many see marijuana policy reform as a politically correct view to hold. For example, almost all the 2020 Democratic presidential candidates have voiced their support for cannabis legalization.

That said, previous polls suggest that advocates shouldn’t be excited by this development since marijuana policy reform hasn’t yet become a strong enough issue upon which political offices can be won or lost across the country. Many voters would still elect a candidate even if that candidate wasn’t in favor of marijuana legalization.

The Marist Poll also highlights the ideological and demographic patterns defining whether someone thinks cannabis legalization is a good or bad idea. For example, more Democrats (74 percent) support legalization while less than half of Republicans are in favor. Younger adults are also more likely to welcome legalization when compared to those who are passed 50.

All in all, this particular poll doesn’t differ from the findings of the Gallop poll of June this year which found that 64 percent of American adults want to see marijuana legalized. Industry analysts believe the cannabis industry, including Geyser Brands Inc. (TSX.V: GYSR) and Earth Science Tech Inc. (OTCQB: ETST), must be wondering when all this public support will eventually trigger federal marijuana policy reform.

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420 with CNW – Senate Committee Confirms Marijuana Banking Hearing Date

On Monday, we reported that a key senate committee would soon schedule a hearing on marijuana banking. Now the Republican-controlled committee on Banking, Housing and Urban Affairs has revealed that it will hold this hearing on Tuesday next week (July 23).

This announcement comes as yet another indicator that marijuana reform is gaining momentum at the highest levels of decision making in the country. The legislation to be discussed is geared at finding a solution to the challenges that marijuana businesses have been having regarding access to banking services.

A similar law, which was passed by a Congressional committee, now has almost half of the members of Congress as co-sponsors after 206 representatives signed on. The Senate companion bill so far has 32 senators signed on from a total of 100 senators in that chamber.

The senate hearing slated for Tuesday is titled “Challenges for Cannabis and Banking: Outside Perspectives.” Representatives of CUNA (Credit Unions National Association), Smart Approaches to Marijuana (a prohibitionist advocacy group) and Citywide Banks will testify during this hearing.

Jim Nussle, the CEO and president of CUNA remarked that his organization was willing and happy to work with senate leaders to find a solution to marijuana banking which is a public safety issue.

John Lord, the CEO of LivWell Enlightened Health (a marijuana retail chain) is also lined up to testify before the senate committee, as will Cannabis Trade Federation’s Neal Levine (who also testified before a sub-committee of Congress on how prohibition can be ended).

Sen. Cory Gardner (R-CO), the main GOP cosponsor of the Senate cannabis banking bill has also been booked to appear before the committee during this hearing.

Support for marijuana banking has been growing steadily with pressure being mounted for action on this matter by the highest financial sector regulators in 25 states, a huge majority of state attorneys general, 20 state governors from both sides of the political divide, banking associations from 50 states across the country and the National Association of State Treasurers. All these groups want the STATES Banking Act to be passed by Congress.

While Chairman Crapo is personally opposed to marijuana, his scheduling of the senate committee’s hearing on this matter shows that he recognizes that matters of cannabis banking present serious public safety concerns that have to be addressed soon rather than later.

Consensus is also growing on the need to make broader reforms to marijuana policy beyond access to banking services. The clearest example of this was the Congressional subcommittee hearing last week at which all parties agreed on the need for reform although there were some disagreements on how that reform can be realized.

Industry watchers believe that the entire marijuana industry, including Geyser Brands Inc. (TSX.V: GYSR) and Earth Science Tech Inc. (OTCQB: ETST), is now encouraged to believe that federal marijuana reform may happen soon.

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420 with CNW – 4 Ways to Spot the Best CBD Products

The exploding popularity of CBD as a health and wellness product in a largely unregulated market (so far) creates a need for each buyer to vigilant when deciding where to spend their hard-earned money on CBD products. Here are some tips that can help you to sort the great products from those that may not be so great.

Buy from Licensed Dispensaries/Brands

There’s a reason why McDonalds, Starbucks and other major brands attract thousands to their doors each day; buyers are sure that the products they purchase will be of the same quality that they have learned to expect. Similarly, known brands in the cannabis space, such as Golden Developing Solutions Inc. (OTC: DVLP) and Geyser Brands Inc. (TSX.V: GYSR), go to great lengths to provide high-quality products. Consequently, you stand a high chance of getting the best CBD products if you shop from such establishments when compared to another person who takes their chance with any random supplier online or offline.

Scrutinize Online Reviews

Product sellers know that the opinions of buyers matter when potential customers are making a buying decision. Some sellers will therefore do everything they can to tip buyer opinions in their favor, including writing fake reviews. It is therefore helpful for you to read through the product reviews with a critical eye. Do you see many reviews posted at approximately the same time? Are the names or photos of the people who posted those reviews questionable? These may be pointers that the reviews aren’t authentic, so be wary of buying that product. You can also go a step further and use an online tool that ranks sites on how genuine their product reviews are so that you are sure that the reviews upon which you make your buying decision are genuine.

Compare Product Prices

The CBD industry is relatively new, so most manufacturers use the same methods to extract and package products. This means that there shouldn’t be a big variation in the price of comparable products. If a certain product has a price which is significantly lower than the price charged by other sellers, investigate further to ascertain the authenticity of that product. Beware of products whose price seems too good to be true!

Analyze the Product Benefits on the Packaging

While there is still limited scientific research about the health and wellness of benefits of marijuana and its derivatives like CBD, the benefits listed on the packaging shouldn’t be too outlandish either. For example, how will you know that a given product has provided “emotional cleansing” as the package claims? Do your research and only buy products whose stated benefits are realistic given the available information on the subject.

There are indications that the FDA will draft rules to regulate CBD products which are added to food and drinks, and individual states are also drafting their own rules. Until these come in force, the tips above will go a long way in ensuring that you buy the best CBD products available.

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420 with CNW – Company Invents CBD Extraction Method Aimed at Bringing Prices Down

While the popularity of cannabidiol (CBD) has been growing, the current price of high-quality CBD oil is so high that it is out of reach for many of the people who need it the most. Draconis Extraction Technology (DET) has come up with a system which will extract crude CBD on an industrial scale and lower the cost of the final product.

The large-scale ethanol extraction process is patented and is set to start being used to avail winterized, full-spectrum de-waxed CBD oil.

Paul Baskis, the person who invented the extraction system says he was driven by a desire to help those who badly need CBD oil but struggle to afford it. He singled out veterans who suffer from different conditions, such as PTSD and anxiety.

Currently, 1,000mg of CBD oil costs $350 on the market and this oil can last approximately 11 days for a person weighing 180 pounds with a recommendation of 5mg for each pound of body weight. How many people can afford such a cost, he wondered.

The technology introduced by DET will make it cheaper for crude CBD oil to be available without sacrificing the quality of the product. Paul Baskis boasts that the crude oil his extraction system will produce is so pure that someone can vape it without seeing any residues in the vape pen.

The other novel thing about this extraction method is that no waste is generated. The oils and waxes removed are also products in their own right. For example, the waxes are sold as raw materials for the cosmetics industry while the pulp is ready to use in the manufacture of bioplastics, paper and fabrics.

The hemp pulp can also be converted into fuel to power the extraction system and the residue from this fuel is a high-quality carbon-based fertilizer.

Max Le Pera, the Vice President of Draconis, explained that the company feels strongly about environmental sustainability and the need for a circular economy in which each section of the company feeds another without causing any adverse effect on the environment.

The example set by DET shows just how far the recently legalized hemp industry can go in terms of offering solutions to the different problems facing the country, such as reviving the economy of rural areas where hemp can be grown.

The unveiling of this new extraction technology must be having industry players like Geyser Brands Inc. (TSX.V: GYSR) and Earth Science Tech Inc. (OTCQB: ETST) imagining how easier things are going to get as more innovators enter the cannabis and hemp space.

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420 with CNW – Colorado Hits the $1 Billion Cannabis State Revenue Mark

The state of Colorado has now pocketed more than $1 billion in revenue from the legal cannabis industry. This marks yet another milestone for the state which legalized marijuana in 2014.

According to marijuana sales data which has just been released by the state, cannabis sales hit the $6.5 billion mark at the end of May this year. The data also shows that the sales of recreational marijuana are continuing to rise higher as the months roll by.

April and May 2019 have also been the best months so far in the entire history of the cannabis industry in Colorado with the monthly state revenue reaching the highest level ever at $24.2 million in April. The state took approximately three and a half years to reach cannabis sales totaling $500 million, but the state was able to double that figure in less than two years to cross the $1 billion mark.

Since July 2017, the revenue collected by the state from the cannabis industry has never gone below $20 million each month. This shows massive growth given that the total state revenue from marijuana in February 2014 was just $3.5 million.

Speaking at a Net Net event in Denver on May 1, Gov. Polis revealed that the marijuana industry was doing very well because it had created “tens of thousands of jobs, reducing crime, filling up buildings and bringing state revenue.”

Speaking of creating jobs, there are 41,076 people who have licenses to work in the Colorado cannabis industry. It is reasonable to conclude that nearly all those people are indeed employed in the industry since the licenses are renewed every two years and it wouldn’t make sense for someone to pay for and renew a license if they aren’t working in the industry.

Gov. Polis wants to see the cannabis industry take even bigger strides and take full advantage of its trailblazer status across the country. He knows that cannabis sales will never equal those in bigger states, such as New Jersey and California, so he has set his sights on other ways through which Colorado can remain a leader in the industry. For example, he wants to see cannabis point of sale systems, cannabis genetics and cannabis chemistry innovations headquartered in Colorado from where other states are served by those companies.

With sales and state revenues hitting such highs, who would blame the governor for dreaming big? The situation in Colorado is far different from other states, such as California, where the legal cannabis industry is struggling under the yoke of high taxes, a vibrant black market and legal battles with local authorities and cities which have banned marijuana sales in their jurisdictions.

If only one could be a fly on the wall and hear what goes on in the corridors of companies like Golden Developing Solutions Inc. (OTC: DVLP) and Geyser Brands Inc. (TSX.V: GYSR) as they talk about the contrast between what is happening in Colorado and in California!

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Products for Pets Gain Prominence in Hemp Market

CannabisNewsWire Editorial Coverage: As the hemp and CBD markets grow, a wide variety of CBD- and hemp-based products are becoming available, including products for pets.

Geyser Brands Inc. (TSX.V: GYSR) (GYSR Profile) has recently announced an acquisition that provides the company with two brands of hemp and CBD products. Indiva Ltd. (TSX.V: NDVA) (OTCQX: NDVAF), which provides infused products for humans, is working on a new extraction facility to increase its production. Viridium Pacific Group (TSX.V: VIR) (OTCQB: VIRFF) is supporting the growth of the hemp and cannabis industries through investment, both in acquisitions and in partnership with smaller companies. Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) (WLDFF Profile) has raised the public profile of CBD through celebrity associations and entry into prestige shops. Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is producing CBD products for both humans and their furry companions.

Hemp and CBD products are now worth billions of dollars each year and rising.
Alongside products for humans, ones for pets are appearing.
These products are designed to increase the health and well-being of those who take them.

To view an infographic of this editorial, click here.

Hemp for People and Pets

The hemp industry has come from almost nowhere to become one of the big business stories of the past ten years. With cultivation, processing and sales facilities setting up across North America and beyond, hemp and its extracts are increasingly important products. People use them for health, well-being and relaxation. Hemp has even started to feature in foodstuffs and cosmetics.

And as recent industry moves demonstrate, hemp isn’t just for people. Pet products have also been appearing, promising benefits such as pain relief, increased energy and broader well-being. Hemp is now for pets, and companies are moving to make the most of the opportunity this provides.

Consolidating Hemp

Hemp-based pet products made the news recently thanks to the acquisition of Solace Management Group Inc., owners of the Apawthecary Pets product line, by Geyser Brands Inc. (TSX.V: GYSR).

The acquisition, whose definitive agreement was announced on May 28, represents an important step for Geyser Brands. Providing the company with more than $2 million in gross revenues, it establishes Geyser as a leader in the health-focused hemp and CBD industry. It’s an industry that has grown massively over the past few years and is continuing to grow. Recent estimates state that CBD and hemp will exceed $20 billion in value in the next few years.

Solace, the target of the acquisition, is a significant business within this market. Its Apothecary Naturals is a leading brand within the Canadian market, and Apawthecary Pets is one of the few established brands catering to pets. By leveraging its brands, intellectual property and proprietary formulations through licensing and production agreements, Solace has successfully reached out into pet stores and veterinarian clinics across Canada.

With a portfolio of 23 products using organic, unrefined, cold-pressed hemp-seed oil extract, the brands can appeal to environmentally conscious consumers as well as those wanting something cleaner to help with their pets’ health. And with a recent move into a new 7,500-square-foot GMP production facility, Solace has ensured an ongoing supply of nano-hemp for pets.

Geyser, which is taking Solace’s products to global markets, is a leading consumer healthcare company, using hemp products to improve people’s lives. Geyser has its own Health Canada-licensed CBD production-and-distribution facility and has recently built a GMP manufacturing base near Vancouver. Like Solace, Geyser has focused on natural ingredients for its products, making the two companies a good fit.

But it’s Geyser’s NanoFusion technology that makes the company stand out. This advanced delivery system quickly and efficiently transports agents directly to the bloodstream, increasing the absorption of therapeutic CBD. The insoluble nature of the molecules means that, for most hemp products, a majority of the beneficial chemicals are never absorbed. Geyer’s nano-emulsions are manufactured to improve this absorption, thanks to droplets as small as a tenth of the size of normal molecules.

The acquisition of Solace might look like just one more in a series of recent acquisitions in the CBD sector. But for Geyser, the move is significant. “This is a transformational strategic acquisition for Geyser, which will establish ourselves as a leading provider of health-focused hemp and CBD wellness products,” said Geyser CEO Andreas Thatcher. “With the constant evolution of the national and international hemp and CBD landscape, and by combining our expertise in innovation and compliance with Solace’s experience and market recognition, we will be well placed to capitalize on what is predicted to be a multibillion-dollar industry.”

Pampering Pets

The opportunity that Geyser is leaping on isn’t just driven by the rise of hemp — it’s also about broader demographic trends.

Recent decades have seen growth in the middle class around the world. The growing strength of emerging economies means that more people across Africa and Asia have wealth to spend on goods beyond the essentials. And among the nonessentials many adopt are pets. Pet ownership is growing around the world, and that growth increases the demand for the items needed that come with owning a pet, including grooming, toys and food.

At the same time, concerns about health and chemicals that are consumed are on the rise. Awareness of environmental issues has spurred waves of protest, a swing toward green parties in recent European elections, and booming sales for locally and organically produced foods. As individual consumers, many people are trying to avoid manmade chemicals, both for the sake of the environment and for their own health. That concern now extends to feeding and caring for pets, with owners looking for more natural ways to support their furry companions. And that’s where the CBD products of companies such as Geyser come in.

Apawthecary Pets provides a range of CBD treats and oral drops designed to improve the health and well-being of dogs. These products have helped owners treat pain, anxiety and seizures, making life better for their pets. And now the company is adding a new brand, WildTails, with a range of treats for both dogs and cats. Freeze-dried meat treats infused with hemp or CBD, these products minimize processing and the addition of extra ingredients to make a snack that is both natural and good for pets.

Given the growing wealth of the Asian middle class, it’s not surprising that companies are looking to that continent as a major market for this type of product. Starting with the negotiation of orders and distribution contracts in Asia, Geyser’s release of WildTails is reaching a market beyond CBD’s core territory of North America.

Part of a Bigger Picture

Just as CBD isn’t just for humans, the infusing of food isn’t just for pets.

Companies such as Indiva Ltd. (TSX.V: NDVA) (OTCQX: NDVAF) have developed ranges of edible products targeted at humans and infused with CBD. These are part of a wider range of products in which cannabinoids, the active ingredients in cannabis, are introduced to food as an alternative way of consuming them. CBD is one of the two leading cannabinoids, alongside psychoactive THC, and Indiva offers products infused with one or both of these ingredients. The company is currently developing an extraction facility that will improve its ability to extract these natural chemicals from plants and put them into food.

The work of hemp and cannabis producers is supported by companies such as Viridium Pacific Group (TSX.V: VIR) (OTCQB: VIRFF). Viridium is a Canadian public capital company that has invested heavily in the cannabis industry, developing several wholly owned subsidiaries. In addition to production and distribution of cannabis, the company is involved in related property development and resource management. Like Geyser, Viridium is making use of mergers and acquisitions as well as collaborating with other companies in the sector. One of its subsidiaries recently supplied plant clones to one of Canada’s first micro-cultivators, helping the smaller business to establish its own crops.

A Vancouver-based health and wellness company, Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is focused heavily on CBD. It produces capsules, tinctures, vaporizing liquids and other CBD-infused products. Aiming at an upmarket clientele, several of its products have achieved a prestigious status through their recent appearances at Kim Kardashian’s baby shower, in hotel swag bags for the Oscars and in the Saks Fifth Avenue store. The company is also reaching a wider audience, with the acquisition of City Cannabis providing more outlets in Canada.

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is firmly focused on functional food and beverages, a broad description for those containing active ingredients such as THC and CBD, with a particular focus on the health and well-being sector. The OKI product line is set to make beverages a central part of the business, as CBD drinks offer consumers an alternative recreational beverage to alcohol and caffeine. The company has also announced a line of CBD-infused products for pets, initially consisting of tinctures and an oral spray.

With the CBD market growing alongside that for pet products, it’s natural that the two should combine as the focus to serve expands to humans and their well-loved pets.

For more information on Geyser Brands, visit Geyser Brands Inc. (TSX.V: GYSR)

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420 with CNW – Alabama Legislature Passes Medical Cannabis Commission Bill

On Friday (May 31), the legislature in Alabama passed a bill which opens the way for legalizing medical marijuana in the state. The Assembly voted 80-19 for the bill while the Senate approved the amendments made by the House by a 27-2 vote. All that is left is for Gov. Ivey to sign the bill into law.

While this bill can be lauded as a step in the right direction, it also comes as a setback for marijuana advocates because the original bill sponsored by Sen. Melson (R-Florence) sought to legalize medical cannabis by 2021 but the version passed by the Assembly and sent back to Senate opted for the creation of a Medical Marijuana Study Commission which will be charged with conducting meetings and compiling recommendations about the best way to kickstart the medical marijuana program.

The proposed commission will include a minimum of three attorneys, four physicians, business representatives and mental health counselors. This commission will hold at least three public hearings and have their report ready by Dec. 1.

For some unknown reason, the findings or recommendations of the commission will not be binding on the legislature regardless of the fact that early in May, the Senate had voted in favor of implementing a medical marijuana program. The framers of the bill probably felt that the legislature needs to have the ability to formulate an implementation law, if that step is ever reached, without having its hands tied by the binding recommendations of the medical marijuana commission.

When House members posed endless questions about the mechanisms through which the medical marijuana law will be enforced and how dosages would be controlled, the sponsors of the legislation decided to switch to the creation of a commission so that all those issues would be explored comprehensively before the matter comes before the Assembly again.

Other questions raised had to do with why Carley’s law was included in this bill instead of separating it. Under Carley’s law passed in 2914, the University of Alabama was authorized and funded to conduct research on the effects of CBD oil. Legislators wanted to know whether the commission would receive input from Alabama University, and they wondered why no report has yet been provided to the House regarding how the funds appropriated for the research have been used and the findings so far made. Carley’s law was renewed for another year despite these protests.

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Geyser Brands Inc. (TSX.V: GYSR) welcome the cautious approach to medical marijuana legalization taken by the Alabama legislature. Hopefully, this approach will enable the state to sidestep any avoidable mistakes during the eventual implementation of the program.

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