Tag: IGNG

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Announces Completion of GBI Audit, Super 8-K Filing

Grapefruit Boulevard Investments (OTCQB: IGNG) (“GBI”), a Los Angeles based California corporation and wholly owned subsidiary of Imaging3, Inc., a Delaware corporation (OTCQB: IGNG) (collectively “Grapefruit” or the “Company”), today announced the Company’s November 29, 2019 filing of Amendment No. 1 to its current report on Form 8-K, which was originally filed on July 16, 2019. The Financial Statements and the Pro Forma Financial Statements were prepared by GBI’s Independent Auditor, SingerLewak LLP. “We are extremely grateful to SingerLewak and its team for their professionalism and dedication in conducting our initial audit which enabled us to file our Super 8-K,” Grapefruit CEO Bradley J. Yourist said in the news release. “We also acknowledge the efforts of the entire Grapefruit family, without whose unwavering support this Company milestone could not have been achieved. Now that we have successfully completed the challenging task of preparing for and completing the audit of GBI, we will focus our corporate energy on our goal of building Grapefruit into a publicly traded, fully compliant cannabis company holding both manufacturing and distribution licenses issued by California with cultivation, manufacturing, distribution and retail channels.”

To view the full press release, visit http://cnw.fm/Em2wg

About Grapefruit

Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 14 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis product Company. To obtain further information on Grapefruit and its operations, please visit its website at www.Grapefruitblvd.com. To learn more about Grapefruit’s Sugar Stoned branded line of cannabis and CBD infused edibles, please visit www.SugarStoned.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Washington State University Teams Up With Pot Company to Study Medical Marijuana

On November 6, one of the universities which was granted federal land by the Morrill Acts of 1862 and 1890, Washington State University, announced that it would be partnering with Biopharmaceutical Research Company (BRC) to advance the research on medical marijuana and its impacts. BRC is a pharmaceutical company registered with the DEA.

Washington State University issued a press release saying that it partnered with the pharmaceutical company to launch an innovative study to evaluate marijuana and speed up the pace of marijuana research. The partnership will give the WSU scientists access to marijuana for research purposes while adhering to the federal regulations on cannabis.

The partnership will also enable WSU researchers to use BRC analytical services and knowledge to study the effect of marijuana on the physical and mental health of the consumers. It will also explore the impact of marijuana policies on public health and safety.

The Chair of Washington State University (WSU) Collaborative for Cannabis Policy, Research, and Outreach (CCPRO), Dr. Michael McDonnell, said that compared to other drugs, very little is known about the benefits and risks of marijuana. And for the researchers to obtain the pot they need to research its health effects on animals and humans, they must overcome several hurdles. Dr. McDonnell further said that WSU’s partnership with BRC would solve the problem of acquiring weed since BRC would provide them with marijuana for research purposes through federally compliant processes.

For the past 50-plus years, researchers have been allowed to source for marijuana for clinical trials from the University of Mississippi farm, which is federally approved and operated by the National Institute of Drug Abuse.

This is outright monopolization that leads to limited access to cannabis by the researchers, which then slows the progression of marijuana studies for years. In 2019, the federal government announced its plans to increase the number of producers cultivating marijuana for scientific research.

The collaboration between WSU and BRC is expected to help in addressing the importance of easy access to quality marijuana for research purposes; however, neither of the two entities is allowed to grow cannabis.

The Biopharmaceutical Research Company (BRC) CEO George Hodgin said that working with a reputable research institution such as WSU guarantees that they will be working with the best researchers in discovering the benefits of the pot products. It will also make sure that BRC is taking care of its responsibilities of ensuring public safety. Hodgin further said that the products have shown a great deal of potential by treating a variety of health conditions such as PTSD and chronic pain, yet the lack of federally-approved research in the U.S. is highly evident.

BRC applied for a cultivation permit in 2016, and if granted, the company would be in position to grow and produce marijuana and marijuana-derived products for research.

Analysts say this research is a welcome activity in the eyes of marijuana companies like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Dama Financial since the research findings will provide further proof of the therapeutic value of marijuana.

About CNW420

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

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) CEO Issues Comments on Recent 10-Q Filings

Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based company and wholly-owned subsidiary of Imaging3, Inc. (OTCQB: IGNG), today issued comments from Grapefruit/Imaging3 CEO Bradley J. Yourist concerning IGNG’s recently filed quarterly report on Form 10-Q and Amendments 1 and 2 thereto. “Since our last public statement much of our corporate energy has been absorbed by our efforts to complete the Grapefruit audit which for a variety of reasons has taken much longer to complete than we had previously anticipated. One result of this state of affairs has been to put significant time pressure on our CFO, his accounting staff and our entire management team such that with respect to our 09/30/2019 10-Q, an early draft of that report with blank spaces left in the Management’s Discussion and Analysis of Financial Condition and Results of Operations and containing other errors was edgarized and filed with SEC on Tuesday, November 19, 2019 as opposed to the to the then final draft,” Yourist stated in the news release. “As soon as management became aware of that state of affairs, they caused an updated iteration of the Company’s third quarter report to be edgarized and filed with the SEC on November 20, 2019 which iteration addressed the majority of the errors present in the November 19, 2019 filing. Thereafter the Company’s CFO and management performed a review of the November 20, 2019 Amendment No. 1 to the November 19, 2019 filing and determined that an additional Amendment was appropriate. Today, the Company has filed Amendment No. 2 to the Company’s November 19, 2019 10-Q filing. We will issue a detailed press release updating earlier releases and concerning the Company’s audit and the progress of our business in the very near future.”

To view the full press release, visit http://cnw.fm/s1IdL

About Grapefruit

Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s cannabis and CBD oil extraction laboratory and distribution facilities are located in the industry recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 10 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis and CBD product company. To obtain further information on Grapefruit and its operations, please visit its website at www.GrapefruitBlvd.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – Canadian Study Finds That Marijuana Could Treat PTSD-Induced Depression

People with PTSD (post-traumatic stress disorder) often suffer from depression and bouts of suicidal ideations. Research shows these people can treat this depression with marijuana.

The University of British Columbia and the B.C Centre of Substance use (BCCSU) conducted a study that shows that pot could be used to treat PTSD-induced depression.

The study researchers analyzed data of 24,000 Canadians from Statistics Canada. Their findings were published in the Journal of Psychopharmacology.

The researchers found that people who used marijuana did not suffer from PTSD-induced depression, but those who did not consume marijuana were found to have significant episodes of depression and suicidal tendencies. The BCCSU researchers suggest that people with PTSD should use cannabis for its therapeutic effects.

A PhD candidate at the University of British Columbia and research associate at the BCCSU, Stephanie Lake, said that due to the limited options for treating PTSD effectively, patients are self-medicating with marijuana to manage their symptoms.

Before this study, there was no evidence to show that the therapeutic effects of marijuana could be used for patients with PTSD. The study finding gives PTSD patients new hope when seeking alternative treatment options.

The researchers say that the data from Statistics Canada shows that there is a correlation between trauma from injury, violence, and disaster, and depression and suicide. The researchers further noted that Canada has one of the highest rates of PTSD, with 9.2 percent of the population suffering from the condition.

From 24,000 eligible participants, the researchers found that 420 (1.7%) had a current diagnosis of PTSD. Of the 420, twenty percent reported having used marijuana within the past year. 11 percent of the 420 did not use marijuana in the past year.

Compared to non-marijuana users without PTSD, chances of experiencing depression or suicidal thoughts were seven times more in people who did not use marijuana and were suffering from PTSD.

According to the study, PTSD sufferers who used marijuana were not associated with recent episodes of depression or thoughts of suicide.

The researchers also found that people using marijuana and have post-traumatic stress disorder comprised of more than a quarter of all Canadian citizens. The percentage of people with PTSD and using marijuana is estimated at 11.4 percent.

The study provides evidence of the effective use of cannabis in reducing the possibility of depression and suicidal tendencies among patients with post-traumatic stress disorder. These findings must be good news to marijuana industry players like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Mustgrow Biologics Corp. (CSE: MGRO) who have always known that the therapeutic uses of marijuana are yet to be fully documented.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – LA Marijuana Equity Program Under the Spotlight

Recently in Los Angeles, people are questioning the integrity of the Social Equity Program for marijuana companies. The war on drugs adversely affected minority groups, people of color, and businesses from impoverished areas. The social equity program was supposed to give the impacted groups mentioned a headstart in the world’s booming marijuana industry. However, applicants from the social equity program complained at a recent meeting held by the Cannabis Regulation Commission in Los Angeles that they have not been accorded fair treatment.

During the meeting, it was also suggested that people who do not qualify to operate marijuana businesses are taking advantage of the social equity program. They collude with someone from the impacted communities during the application process and that person also acts as the go-to person when the businesses are granted licenses. The LA Social Equity Program is open to California residents who are interested, qualified, or non-qualified to operate cannabis businesses, and many people are looking for a way to join the cannabis industry.

A board member of the Minority Cannabis Business Association (MCBA), an entrepreneur and Los Angeles-based activist, said in an email that the program’s integrity was compromised since its initiation. The purpose of the program was to avail equitable opportunities, healing to the communities and individuals who have been affected by the war on drugs.

In the world today, LA is the biggest market for legal marijuana, noted Aguiar, an MCBA board member. He also said that it is the best market for new investors and entrepreneurs eager to benefit from marijuana legalization.

On 24 October, the executive director of the Department of Cannabis Regulation, Cat Parker, during the commission meeting presented a report on how the city is dealing with the complaints from the social equity applicants. The report also showed how the market share profits would be distributed amongst the equity license holders.

Her report also addressed several concerns, first being that the application system opened early, giving some applicants an unfair advantage. During phase 3 of the application process, which started on 3rd September, some applicants used automated systems such as bots to fill out the application. During the third phase, the program was to issue equity permits to 75 applicants based on the first-come, first-serve basis as long as you fulfill all the requirements. Although the city said no bots were used, the report said otherwise because the total time used to fill out the form was 1 minute 11 seconds for the first 100 applicants. She voiced her concerns on the fact that the applicants had already secured retail spaces despite the short notice of phase 3 applications.

Initially, it was not a must for the applicant of phase 3 permits to have a retail space, but once the application process was started, the city changed the conditions, stating that it was a must for the applicants to present evidence of retail space. This created a barrier for many applicants, especially those from the impacted communities, said Aguiar.

According to Aguiar, the city of LA should analyze and relaunch the program to give everyone a fair chance during application.

Industry watchers believe that marijuana companies like Cannabis Strategic Ventures Inc. (OTCQB: NUGS) and Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) are disappointed that the legal marijuana industry which started with a promise to right the social wrongs of prohibition is now failing to attain this objectives due to some people trying to game the system.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – Why the Marijuana Black Market May Be Hard to Eradicate for Now

The marijuana market has been marked as one of the fastest-growing industries in the world by Wall Street. This comes after marijuana sales tripled all over the world between 2014 and 2018. By 2030 Wall Street estimates the global annual revenue to increase from 5% to 18%. The surge in pot stocks has attracted much interest as it is impossible for Wall Street and investors to ignore this type of growth.

Several challenges have cropped up which have caused a drop in the price of pot stocks over the past six months. The main problem is the rise in the black market for marijuana products despite the legalization of recreational marijuana in Canada and some states in the U.S. which was expected to curb the market.

Globally, California is the largest legal weed market; however, it is projected that illicit marijuana sales could outdo legal marijuana sales with a significant gap of 8.7 billion to 3.1 billion. In early February, Scotiabank estimated that black market cannabis sales would contribute 71% of the total sales in 2019.

The marijuana black market may be hard to eradicate for now because of the following five reasons.

  1. Supply Shortages in Canada

Canada has been faced with a persistent marijuana shortage since the legalization of recreational marijuana in 2018. The deficit is attributed to the long line of cultivation, processing, and sale licenses. In 2019, the regulatory agency Health Canada had more than 800 applications pending approval, which would take the agency several months to work through. The growers and sellers are therefore forced to wait for the permits before they can grow or sell marijuana. Issuing of dispensary licenses is also slow forcing consumers to buy marijuana from the black market.

  1. High Tax Rates in the U.S.

High taxation rates are forcing consumers to buy marijuana from the black market. In California for example, pot buyers are paying an excise tax of 15%, each ounce of dried cannabis incurs a wholesale tax of $9.25 for buds and $2.75 per ounce of cannabis leaves. When added, the total bill comes to an aggregate tax rate of 45% on legal weed. Factoring in the price of laboratory tests, it becomes clear why legal marijuana cannot compete with black market weed.

  1. The Dispensary Licensing Process is Slow

The slow approval process of dispensary licenses in Canada, and the U.S. has contributed to the prosperity of the black market. For example, the slow pace of dispensary opening in Quebec, Canada severely affected the sell-through rate of marijuana while in California, one store is supposed to service 61,000 adults, and this is forcing consumers to purchase from the black market sellers.

  1. Jurisdiction Challenges in some States in the U.S.

A severe problem is arising in the states such as California and Colorado, which gives jurisdiction to local municipalities to approve licenses for local retail stores. In California close to 805 of the cities have banned commercial marijuana and this has opened the door for the black market retailers to flourish.

  1. Strict Regulations

The rules meant to bankrupt the black markets businesses seem to have failed. An audit carried out by the United Cannabis Business Association was presented to Governor Gavin Newsom, which showed that out of 3,757 listings of marijuana sellers in California, 2,835 of them were unlicensed.

Canada is a bit strict in implementing its regulations; for instance, Health Canada suspended cultivation and sale licenses for CannTrust Holdings and that could have contributed to worsening the supply shortages on the legal market.

Experts think cannabis companies like Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) and Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) long for the day when each of the bottlenecks above will be resolved so that the black market can be decisively addressed.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – DC Employee Sues City Over Medical Marijuana

A government employee Doretha Barber, who was told that she would only get back to work after she stopped using medical marijuana and passed a drugs test is suing Washington, D.C.

Barber’s work is classified as safety-sensitive in the Department of Public Works; however, she does not operate heavy pieces of machinery or vehicles. Currently, her work involves raking leaves and spreading salt on icy sidewalks. She started working as an office assistant, then got promoted to a sanitation worker.

She had been suffering from extreme backaches and migraines for several years to the extent that sometimes she could not see nor lift her head up. In 2018, she informed her supervisor that she has been using medical marijuana to manage the pain when she was not at work. Barber’s doctor recommended marijuana after trying several prescription pain killers and muscle relaxers to no avail.

Barber said that she was told not to go back to work until she stopped using medical cannabis, and passed a drugs test, even if she never went to work under the influence. She was also told to seek counseling for drug abuse.

She said that she felt like she was stereotyped as a drug abuser when they asked her to stop using medical marijuana, take a test and seek drug counseling, even though she does not have a drug problem.

With the help of the ACLU (American Civil Liberties Union) Chapter of D.C, Barber is suing for permission to treat her ailments using medical marijuana during her time off. Furthermore, she wants Washington, D.C. to view medical cannabis like any other prescription medicine.

The legal co-director of ACLU, D.C. Chapter, Scott Michelman said that what the city is doing to government employees such as Doretha Barber by asking them to choose between a job and medicine is not fair. Mayor Muriel Bowser refused to voice his opinion on the pending lawsuit.

Michelman said that although there are jobs that qualify to be classified as safety-sensitive, the government is disingenuously over classifying people as safety-sensitive.

According to the mayor’s office, there are 35,000 employees in Washington, D.C, of which 11,000 of those jobs are classified as safety-sensitive, and employees are prohibited from using medical marijuana.

Only seven states in the United States permit government employees to use medical cannabis just like any other prescription drug only if the law allows it, said the ACLU.

It is widely believed that industry actors like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) are hoping for a court decision that protects the rights of workers to use medical cannabis just as they would any other medicine.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – Cannabis Expo in West Michigan Set to Educate Consumers and Businesses about the Marijuana Industry

The WMCE (West Michigan Cannabis Expo) will be all things marijuana. It is a two-day event, that will be held at DeltaPlex Arena in Grand Rapids. The event which will be having 60 booths plus is a perfect opportunity for consumers, businesses and other professionals in the cannabis industry to showcase their products and services. It is also an avenue for learning more about the marijuana industry.

The expo also aims to help businesses to develop new leads, strengthen their relationship with their clients and customers, and market their organization.

Some of those who will be in attendance include a hemp product company, cannabinoids retailers, equipment retailers, consumers and growers, as well as legal and accounting professionals.

The WMCE commences on Saturday 5th October. The event opens at 10 a.m and will end at 5 p.m. October 6th is the last day of the expo, and it will be open from 10 a.m to 4 p.m at the DeltaPlex Arena.

DeltaPlex director of events development, Chris Hudson says that business-oriented people expected to attend the event are about 60 percent while the remaining 40 percent comprises of cannabis consumers and people who would like to learn more about the industry.

In November 2018, Michigan legalized marijuana for personal use while medical marijuana was legalized in 2008. The legislation governing recreational marijuana provides that you must be 21 years or older to purchase, use or cultivate marijuana.

According to Hudson, the WMCE was organised after significant growth was observed that in the sector since the legalization of recreational marijuana as people from other states came to Michigan to get their fix. More so, businesses and individuals seeking to join the industry have many questions, and the Expo would help answer and educate them on how to join the marijuana industry. The expo would also help them gain resources such as machines required to make and extract marijuana products.

During the expo, there will be cannabis-cooking demonstrations, seminars on marijuana licensing and banking with cannabis, cannabis medicines displays, and extracts.

The cost of a ticket is $15 for one day, but if you want to attend both days, you will have to pay $25. There is also an upgraded ticket that costs $50, which allows you to participate in a mixer on Saturday at 5.30 p.m. The mixer is for adults who are 21 years and above.

THC products are not allowed into the expo because the state will accept recreational business applications in November.

Analysts are of the view that industry players like Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) and Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) are happy that such events are being organized to bring marijuana into the mainstream.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

420 with CNW – Governor Cuomo Hints Cannabis Smoking Ban Could Be Included in Next Legalization Bill

Gov. Andrew Cuomo of New York State seems to suggest that the next push to make recreational marijuana legal in the state could include a ban on smoking marijuana.

During an MSNBC interview on Sunday, the governor was asked whether the recent illnesses linked to vaping adulterated black market cannabis oil had made him to rethink his desire to legalize marijuana in New York State.

He replied that his position hasn’t changed, although his administration isn’t in support of smoking marijuana. He added that there were ways for someone to get their THC fix without having to smoke marijuana.

Cuomo explained that from a public health perspective, he believes that any kind of smoking is dangerous and he wouldn’t encourage it. The governor went on to say that one can legalize marijuana and sell products that contain THC without having to smoke.

From his comments, it wasn’t clear whether the Democratic governor was stating that his next effort to legalize marijuana wouldn’t allow marijuana smoking or he was simply providing administrative advice against smoking.

One wouldn’t be surprised if the governor advocated for the exclusion of smoking marijuana during a fresh attempt at legalizing the substance next year. In 2014, he campaigned to ban smoking marijuana when medical marijuana was legalized. Taking the same position for adult-use marijuana wouldn’t therefore be strange.

At the time medical marijuana was legalized, Cuomo reasoned that banning smoking the substance was a preventive method to keep people from abusing the medical cannabis program.

There would be an uproar among lawmakers if Gov. Andrew Cuomo pushed such a position the next time marijuana legalization is discussed by state lawmakers. This is because statistics from other states, such as California, show that dry marijuana flower and concentrates command nearly 70 percent of the legal marijuana market.

Any attempt to ban the smoking of marijuana would therefore be guaranteed to attract opposition from potential consumers, the cannabis industry and pro-marijuana advocates who are strongly in support of civil liberties.

The voice of the marijuana industry seems to carry some weight with Cuomo because in 2014, he worked to ban home cultivation of medical marijuana. This decision was apparently partly because an industry association wrote to him explaining why it wouldn’t be advisable to allow home grows.

However, recreational marijuana is a different thing altogether and it is unlikely that Gov. Cuomo will advocate for a marijuana smoking ban. Instead, his administration could allocate money to public education about the risks of smoking marijuana, and then leave the people to decide whether they smoke it or not.

Analysts think cannabis companies like Geyser Brands Inc. (TSX.V: GYSR) and Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) will just wait and see the contents of the new marijuana legalization bill in New York before making any conclusions about the views of Gov. Cuomo.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsBreaks – Grapefruit Boulevard Investments Inc. (IGNG) Enters MOU with “Patchless Patch” Patent Holder for Timed Release Delivery of Grapefruit’s Cannabis Products

Grapefruit Boulevard Investments (OTCQB: IGNG), a Los Angeles based cannabis company which has been licensed by the state of California to both manufacture and distribute cannabis products in California since January 2018, today announced its August 22, 2019, entry into a formal Memorandum of Understanding (“MOU”) with a privately held manufacturer of a novel patented and trademarked delivery system (the “patchless patch”). The delivery system is comprised of highly engineered microscopic particles that topically deliver a therapeutic payload to the user over an extended period of time. According to the update, the MOU is binding on both parties, and both have agreed to negotiate expeditiously into a more formal license agreement. “The Patchless Patch is the future of THC, and Grapefruit will be the first to deliver it to legal Cannabis product users,” Grapefruit CEO Bradley J. Yourist said in the news release. “We see it as a breakthrough and will do everything within our abilities to bring this novel cannabis delivery system to market expeditiously. Our Company’s mission has always been how to best enhance our customers’ health and wellness by leveraging novel, effective technologies and this unique cannabinoid delivery system will advance that mission. Grapefruit delivers yet another achievement on its inexorable advancement to legal cannabis and CBD industry leadership.”

To view the full press release, visit http://cnw.fm/GUk9z

About Grapefruit

Grapefruit is a wholly-owned subsidiary of Imaging3, Inc. Grapefruit’s corporate headquarters is located in Westwood, Los Angeles, California. Grapefruit holds California permits and licenses to both manufacture and distribute cannabis products. Grapefruit’s cannabis and CBD oil extraction laboratory and distribution facilities are located in the industry–recognized Coachillin’ Industrial Cultivation and Ancillary Canna-Business Park in Desert Hot Springs, located on the extension of North Canyon Rd., approximately 10 miles north of downtown Palm Springs. Grapefruit obtained its California cannabis licenses in January of 2018 and commenced distribution of cannabis products thereafter. Grapefruit’s vision is to become a seed to sale, fully vertically integrated ethical and compliant cannabis and CBD product Company. For more information, visit the company’s website at www.GrapefruitBlvd.com.

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

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.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com