Tag: NUGS

Cannabis Cultivation Powering Growth for the Industry

CannabisNewsWire Editorial Coverage: Cultivation by both large and small growers is powering growth across the cannabis industry.

  • Cultivation is fueling the growth of the cannabis industry.
  • $718 million was invested in cultivation and retail last year as the industry continued to grow.
  • Raw materials from cultivators are used in a wide range of cannabis products.
  • Cultivation locations are critical to distribution channels and partnerships.

Within this growing industry, Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) is working to foster emerging brands by targeting investment through a la carte partnerships and acquisitions. Tilray, Inc. (NASDAQ: TLRY), one of Canada’s largest cultivators, has seen earnings rise 78.9 percent so far this year thanks to growing demand and a maturing business. Cultivation means profits for hydroponics suppliers such as GrowGeneration Corp. (OTCQX: GRWG), which provides the materials growers need. Some companies are working to stand out through branding, such as the feel-good ethos of Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB). Others, such as Aurora Cannabis, Inc. (NYSE: ACB) (TSX: ACB), are working with local authorities to reach new customers.

To view an infographic of this editorial, click here.

Cannabis Cultivation

When economic historians look back on the early 21st century, the cannabis industry will likely feature prominently in conversations. The industry, which has operated in the black market since the turn of the millennium, has grown to a revenue cap of over $9 billion in the United States alone, with an expected value of $47.3 billion by 2027. From retail outlets to research groups, edibles, technology, vaping liquids to health supplements, cannabis has become a diverse and powerful industry.

Underlying it all is cultivation. As much the work of craft businesses as of big corporations, cultivation supplies the plants without which none of the rest would be possible. Licensed growers are providing the materials needed to drag cannabis profits away from funding crime and turning them into a legal, taxable, sustainable industry.

Cultivators make the cannabis industry possible.

The Growth of Cultivation

Cannabis cultivation is hardly a new activity in the United States, but a legal, corporate-fronted version of it is. Since the first medical legalization in California in 1996, many respectable growers have sprung up, whether as new businesses entering the emerging market or as once-clandestine farmers turning their previously illegal operations into law-abiding producers. In today’s cannabis environment, many corporate-fronted companies, such as Cannabis Strategic Ventures (OTC: NUGS), are eyeing small to large commercial cultivation as part of their business model.

This interest of Cannabis Strategic Ventures shows how quickly cannabis cultivation has acquired the trappings of a legally established industry. As a publicly traded company that incubates, develops and partners with brands, Cannabis Strategic Ventures is a sort of meta-business that emerges in sophisticated markets — bolstering the development of production, services and retail through its application of business acumen and strategically applied capital.

It’s not surprising that such companies are engaging with cannabis cultivation. Investment in cannabis cultivation and retail reached $718 million last year as investors were increasingly drawn to this growing and profitable market. Looking ahead, the trend shows no sign of declining.

Cannabis cultivation is a specialist form of agriculture, requiring an understanding of hydroponics, plant strains and environmental factors that affect the potency of crops. Acquiring those skills hasn’t been easy, especially given how long the industry operated in the shadows, its techniques and collective knowledge shared only through illicit channels. As cultivation takes off, the industry needs the support of companies such as Cannabis Strategic Ventures to acquire equipment, train staff and build facilities to meet the demand of a growing customer base.

Cultivation is fundamental to the market, so the sector is a natural target for investors looking to ensure a lasting place in the cannabis industry. Cannabis Strategic Ventures is actively seeking out cultivation facilities with existing infrastructure to speed up its move into cultivation. This initial step provides a foundation upon which much bigger moves can be built.

Building on the Foundations of Cultivation

Growers aren’t just selling the plants as the dried or refined forms of cannabis that users have been consuming for decades. With legality, cultivators have experimented with different ways cannabis can be used. Much of the plant is still sold for smoking, but some of the valuable crop is turned into products such as vaping liquid, oils, capsules, drinks and other consumables. Cannabidiol (CBD) and hemp phytocannabinoids, nonpsychoactive chemicals that appears in cannabis alongside the high-inducing THC, have become the core ingredient of a range of products as research and design departments find ways to use it for health, well-being and relaxation.

The range of brands in the Cannabis Strategic Ventures portfolio reflects this varied approach to cannabis and its derivatives through commitments in category leaders in the space. None of these brands would be possible without the cultivation of cannabis plants. Bringing cultivation under the same umbrella as the products will offer opportunities for improved efficiency and profitability. By sourcing cannabis from its own facilities, Cannabis Strategic Ventures should be able to achieve vertical integration in the supply chain, which naturally leads to greater certainty over the supply of raw materials and increased efficiencies into the system, likely cutting costs and improving the timeline from cultivation to shelf.

The growth of cannabis cultivation has led to a boom for support services as well, such as the provision of staff and hydroponic equipment. Here, too, efficiencies can be realized through vertical integration as cultivators work more closely with their suppliers.

This is yet another way Cannabis Strategic Ventures may benefit if cultivation is brought in-house. As the owner of BudHire, a subsidiary specializing in cannabis industry recruitment, the company looks to be in an ideal position to source the most skilled staff for its facilities.

Cultivation in California

Geography makes a big difference to U.S. cannabis companies. The industry isn’t legal in every state, and among those that have legalized, the laws vary substantially from state to state, as do market sizes. Given the challenges of working across state lines without federal legal reform, being based in the right location can be critical.

Cannabis Strategic Ventures is headquartered in Los Angeles and benefits from easy access to the oldest, largest and most complex legal cannabis market in the United States. Many growers in California are now trying to transition from the black market to the legal one, but the move can be challenging. Volumes of cannabis that could have been sold for $3,000 illegally go for a fifth of that price now. Growers must pay taxes and work within well-defined regulations. Working with firms such as Cannabis Strategic Ventures, which offers essential financial and intellectual capital, can help a grower make the transition more successfully.

Being located in California, therefore, provides two significant advantages for a company such as Cannabis Strategic Ventures. On one hand, the state has a large consumer base for the company’s products and services. On the other hand, it has a plentiful supply of small companies looking for financial support, creating opportunities for growth through mergers, acquisitions and partnerships.

Colleagues and Competitors in Cultivation

Cannabis Strategic Ventures is not alone in its interest in this promising industry. An impressive variety of companies are now cultivating cannabis.

Tilray, Inc. (NASDAQ: TLRY) is one of the largest cultivation companies in Canada, a country with a fast-growing and well-regulated market. A global pioneer in production, distribution and research in the cannabis market, Tilray was the first licensed producer of medical cannabis in the world to have its facility Good Manufacturing Practices (GMP)-certified in accordance with European Medicine Agency (EMA) standards. Its recent earnings report reflected the extraordinary growth being experienced by well-run cannabis companies, with an 85 percent rise in revenue in the third quarter and a 78.9 percent rise for the year to date. With recreational cannabis having just become legal in Canada, this growth is likely to continue that increase over the next few years.

The growth of such companies has provided a boost for GrowGeneration Corp. (OTCQX: GRWG), a supplier of hydroponic systems and the nutrients used with them. Like Cannabis Strategic Ventures, GrowGeneration has been acquiring other companies to expand its presence within the market. It also has an eye on reaching different market sectors. The company recently established the GrowGeneration Hemp Corp subsidiary to market its products to hemp farms and GrowGeneration Canada to sell to Canadian cultivators.

In this booming market, branding is crucial to help companies stand out from the pack. Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB) is winning over customers with the feel-good factor as a company committed not just to sales but to improving the planet and people’s lives. Given the correlation between cannabis use and liberal values, adopting such a strong identity seems to be bringing the company success.

For Aurora Cannabis, Inc. (NYSE: ACB) (TSX: ACB), the recent focus has been on reaching new customers. As a Canadian company, Aurora is looking to profit from the country’s legalization of recreational cannabis in mid-October this year. The market is regulated on a regional basis, so Aurora has been busy setting up agreements with local authorities to give it a strong reach across the country and even stretching into international markets.

With revenues rising and markets growing, cannabis cultivators are seeing a period of great expansion, making the growth of a whole industry possible.

For more information on Cannabis Strategic Ventures, visit Cannabis Strategic Ventures, Inc. (NUGS)

About CannabisNewsWire

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

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420 with CNW – New App Keeps Cannabis Purchases Off Your Credit Card History

We reported earlier that Canadians who buy marijuana using their credit cards risk being denied U.S. entry for life. This is because U.S. border agents can invoke their right to look into the purchasing history of an alien who wishes to enter the country before letting that person through. The appearance of marijuana purchases on your credit card statement can therefore give those agents an excuse to declare you inadmissible for life. However, an app has been developed which can get rid of that risk.

The GreenGreen app allows users to purchase cannabis without using their credit cards. The app works like an online-based credit card system, so buyers simply clear their cannabis bills at the end of each month in the same way that they would make payments to settle their credit card debts.

This innovation gives Canadians a chance to consume legal marijuana in their country without fearing that they will be victimized by U.S. Customs and Border Protection (CBP) agents when they need to travel across the border.

The GreenGreen app also enables cannabis consumers to avoid the inconvenience of withdrawing cash from an ATM each time they want to buy marijuana. Remember that the marijuana industry is still largely cash-based since major banks are reluctant to do business with an industry which is still illegal in other markets, especially the U.S. market, where those banks have major operations.

Furthermore, the app reduces the risks associated with carrying cash. For example, one will no longer fear being mugged by opportunistic criminals who want to lay their hands on the cash you are carrying to buy cannabis.

However, customers in Ontario may wait a little longer before they can benefit from the GreenGreen app. This is because the app cannot be used to make online purchases and yet the province enacted laws permitting the sale of recreational cannabis by online stores only.

Nonetheless, marijuana buyers in the U.S. can register and start using the app to buy marijuana in the states where it is legal. Countless marijuana businesses in the U.S. have had to grapple with the risks associated with operating a strictly cash-based business. The app offers a way for cashless payments to be made to and by marijuana businesses.

Cannabis-related companies like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) welcome every innovation that makes it easier for the cannabis industry to serve its clients with as few hassles as possible.

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About CannabisNewsWire

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

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420 with CNW – Cannabis PTSD Study Finally Secures Target Number of Participants

A team of researchers interested in finding out whether cannabis could treat PTSD (post-traumatic stress disorder) among veterans finally registered its 76th study participant on Veterans Day.

The Scottsdale Research Institute located in Phoenix, AZ got permission from the FDA to conduct the research in 2010. The researchers then started recruiting study participants in 2016 but hit several speed bumps in their efforts to get the required minimum number of participants (76 veterans).

First, the researchers were denied access to the veterans’ hospital just 20-miles away from the facility where the research is being conducted. The Veterans Affairs department refused to grant access because federal laws regarded cannabis as a substance that didn’t have any medicinal value.

Public hospitals and universities in Arizona also refused to cooperate with the researchers as they recruited study participants citing federal laws as restricting them from being part of a study on an illegal substance.

These challenges nearly made the researchers widen the scope of the research so that non-veterans could also be allowed to enroll.

However, such a move would have defeated the purpose of the study since the researchers were specifically interested in investigating whether cannabis could treat PTSD in military veterans. The search for participants therefore dragged on as thousands were screened and rejected for not meeting the strict requirements of the study.

Gradually, the number of eligible participants started growing until the climax was reached almost two years after the recruitment exercise for participants started.

The researchers now have the 76 participants that they need to proceed with their randomized, controlled study of how marijuana can help veterans with chronic forms of PTSD.

Each day, the study participants will be given 1.8 grams of marijuana. This cannabis will vary in potency and the participants will keep a journal of how they feel or anything else noteworthy during the study period. The participants will also be free to decide how much of that daily ration to smoke.

The study subjects will visit the research institute 17 times during the 12-week duration of the study. The participants will then be followed up for six months after the initial 12-weeks of treatment with cannabis.

The researchers hope to publish their findings in 2019 after getting a definitive answer of whether cannabis can treat PTSD in veterans, and whether it has any adverse effects on those former servicemen and women.

This research comes at a time when efforts are being made to pass House Bills aimed at regulating and granting access to medical cannabis by veterans. The scientific community and cannabis industry players, such as Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) await the results of this Phoenix study.

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About CannabisNewsWire

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

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420 with CNW – Greenhouses Could Eliminate the Cannabis Black Market

Canada has seen a number of cannabis cultivators shifting to the use of greenhouses instead of growing the crop in indoor grow rooms. This new development could mark the final days for the cannabis black market in Canada and elsewhere.

Greenhouses can drive down the cost of legal marijuana in several ways.

As you may know, land accounts for one of the biggest costs that marijuana cultivators have to incur in order to bring the produce to the market. Indoor grows are located on prime industrial land which costs a fortune.

The shift to greenhouses means that cannabis producers can go to rural agricultural land which is cheaper to acquire. The reduced cost of land can translate into lower prices for each pound or kilo of cannabis.

Secondly, indoor grow facilities consume a lot of electricity in order to create the ideal conditions for growing cannabis. That high cost of providing electricity has always meant that legal cannabis will be more expensive than what is available on the black market.

Greenhouses can allow cultivators to use just 40 percent of the power that they needed when they were growing the plants indoors. This reduced energy demand would then make it cheaper to grow cannabis for the legal market.

Furthermore, greenhouses allow the economies of scale to come into play. As already mentioned, rural land is cheaper than the industrial land where cannabis has been grown indoors. Mega cannabis operations can therefore be undertaken on the expansive agricultural land which is available in Canada and elsewhere where cannabis is legal.

Pure Sunfarms is an example of cannabis producers in British Columbia who have decided to harness the power of the sun to grow marijuana. The facility has greenhouses covering a staggering 1.1 million square-feet. The complex used to cultivate other produce, such as tomatoes and peppers, before the greenhouses were retrofitted for the cultivation of cannabis.

This trend is likely to be replicated across Canada and the rest of the world if production costs are to be driven downwards. That means that big agricultural operators are going to drive the smaller players out of business since the “small guys” will not manage to compete with their bigger counterparts.

Ultimately, it is the cannabis consumers who will benefit since the competition among the big players will keep driving innovation in order to cut production costs further. It is those low production costs that will eventually kill the black market since the risks of illegal production are likely to increase with the passage of time. Legal cannabis industry players like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) long to see the day when the black market will dwindle to an insignificant level across the industry.

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About CannabisNewsWire

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

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

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CannabisNewsWire (CNW)
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Investors Flock to Cannabis Market as Business Booms

CannabisNewsWire Editorial Coverage: As the cannabis industry sees its profits and legitimacy rise, the market potential is drawing increased attention from big investors.

  • The U.S. and global cannabis sector is seeing great growth, lifted by the success of medical and recreational cannabis and legalization in Canada.
  • This is drawing in previously reluctant investors as companies become listed on stock exchanges.
  • Greater integration within the sector is both a symptom of and a support for this cannabis boom.

Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) shows this integrated approach, bringing together cultivation, product sales and personnel services for the cannabis industry. Tilray, Inc. (NASDAQ: TLRY) is working across borders on international research to create better cannabis-based medicines. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has benefited hugely from the surge in investor attention, receiving billions in investment from the beverage sector. CBD products are allowing parts of the cannabis sector to achieve widespread acceptance, thanks to the work of companies like Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB). All of this means a rise in sales for suppliers of hydroponic equipment such as GrowGeneration Corp. (OTCQX: GRWG).

Cannabis’s Money Problems

The legal cannabis industry is one of the newest in the world and one weighed down with a great deal of baggage. Decades in the legal wilderness have tainted the public image of the drug, leaving many potential customers and investors with a negative knee-jerk reaction to the sector and its products. Even now, as legal cannabis becomes more common on a state-by-state basis, the U.S. industry is held back by lingering federal laws enacted as a result of the war on drugs.

This has created challenges for cannabis companies in search of finance. Both the legal restrictions in the United States and historical prejudice against the industry have made it hard to find mainstream investors. But with the market expanding and profits rising significantly year on year, that looks set to change.

The Signs of Change

In the United States, the cannabis industry is taking off in a big way. California is the largest of the nine state-sized markets for recreational cannabis, so it makes sense that the state has become home to many of the companies working in the sector, such as Cannabis Strategic Ventures (OTC: NUGS). But the seeds for the rise of these companies lie elsewhere.

The first signs of the huge potential for a legal cannabis market came in 1996, when California passed Proposition 215, the first law making medical cannabis legal in a U.S. state. The medical market quickly took off, with legal companies moving into a business previously owned entirely by criminals, while other states considered such legislation of their own. Just over 20 years later, 31 states have legal medical cannabis markets, and a whole host of companies have sprung up to cater to them. Knowledge of cannabis’s benefits has also grown swiftly, thanks to these companies’ research efforts.

But the biggest bellwether for growth in the recreational market has come from north of the border. This October, Canada became the first G8 country to legalize recreational cannabis on a national level. The result is a tightly regulated and quickly growing industry that is setting an example for the rest of the world.

That example holds out great promise for the likes of companies such as Cannabis Strategic Ventures. Cannabis Strategic Ventures has taken a portfolio approach to the cannabis sector, developing a range of brands covering areas such as cannabis oil, concentrate extraction services, staffing for the cannabis sector, and most recently cannabis cultivation itself.

The industry is growing quickly, with analysts predicting that it will reach $65 billion by 2023. That’s creating plenty of space for companies such as Cannabis Strategic Ventures to grow. It’s also drawing the attention of investors.

The Rise of Cannabis Investment

The cannabis industry didn’t initially attract a lot of funding from investors. The potential of cannabis as a legal market was unclear, and it came with risks thanks to the drug’s illegality at a federal level. Investors couldn’t yet see much potential for profit, and they were wary of throwing their financial lot in with such a dubious group.

Now, however, the market has had time to mature. The sector isn’t just a handful of cultivators and retailers trying to work on an untested business model. There are specialist cannabis tech firms, research outfits and umbrella companies such as Cannabis Strategic Ventures. It’s looking more and more like a conventional market sector — though a market sector subject to staggering growth.

The result is a growing surge of investment. Since January this year, U.S. cannabis companies have raised more than $8.2 billion of investment, while their Canadian cousins raised $2.2 billion in October alone.

Getting listed on a stock exchange is invaluable to a getting a company’s stocks in front of powerful investors and thus raising additional funds. Larger cannabis companies are looking at moving from the Toronto exchange to the New York Stock Exchange, the largest stock market in the world, while others such as Cannabis Strategic Ventures are preparing for their first listings.

Investors are more prepared now to take a chance on the cannabis market. Stock exchange presence will allow cannabis companies to tap into that potential and so to take a stronger place in a fast-growing market.

A Fractured Industry

The American cannabis industry is a fractured one. Without the well-established business relationships and support structures of longer-standing sectors, many of the pieces are small and disjointed. Progress has been driven primarily by small startups.

The same moment of maturity that has brought the recent wave of investment has also brought the seeds of change for the industry’s structure. Some companies are using mergers and takeovers to build bigger businesses focused on particular parts of the sector, benefiting from the efficiencies these acquisitions bring. Others are diversifying to create companies with greater reach across the sector and even potential to take it to new places. Cannabis Strategic Ventures, for example, is expanding its product lines to include beauty products even as it adds cultivation to its portfolio for greater vertical integration.

Within the industry, one of the big fractures in the United States is that between the different states. With cannabis still illegal under federal laws, businesses have to operate within the borders of individual states with their own local regulations. Though some companies have operations in several states, it’s not yet possible to create a properly integrated national operation, at least in part because of states where the drug remains entirely illegal. But with the White House hinting at potential reform, this is something that could change over the next few years. While politicians respond slowly to public and investor demand for a more efficient and integrated cannabis sector, it’s the companies that are leading the way.

An Industry Coming Together

Despite the limitations they face, cannabis companies are finding ways to come together and cooperate, both within the United States and across international borders.

Tilray, Inc. (NASDAQ: TLRY), a leading medical cannabis company, is supporting research work beyond the borders of the United States. As a supplier of materials for clinical trials in Canada and Australia, Tilray working with other research-oriented companies to increase understanding of the effects of cannabis and develop better treatments based upon it. These could be invaluable in treating such problems as chemotherapy-induced nausea and childhood epilepsy. And while the work has an invaluable humanitarian element, it’s also appealing to investors who recognize the profits present in the pharmaceutical industry.

Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) is one of the great investment success stories. One of Canada’s largest cannabis companies, it has attracted several billion dollars of investment from Constellation Brands, an American drinks manufacturer. This represents an interesting twist on integration within the cannabis industry, with an alcohol company looking to get involved in other recreational chemicals. Tobacco companies have been taking a similar interest in cannabis, and the industry may one day bleed over into one or both of these related sectors.

Already connected into the cannabis industry is industrial hemp, a form of cannabis that doesn’t get users high. Recent years have seen a surge in sales of cannabidiol (CBD) products, which use a compound extracted from industrial hemp. Companies such as Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB) have had huge success is developing and marketing CBD-based health and wellness products. These products are gaining mainstream acceptance, with Charlotte’s Web getting its products into three thousand outlets.

The success of cannabis growers and retailers has been a boon for companies providing the products and services they need. GrowGeneration Corp. (OTCQX: GRWG), which supplies hydroponic systems and nutrients used in growing cannabis, has seen a massive rise in sales off the back of legalization initiatives. The company’s sales went up by 80 percent in 2017, and it has acquired several smaller companies to help it make the most of this surging demand.

Greater investment helps companies to achieve these successes, which in turn draw in greater investment. As more cannabis companies hit the big stock exchanges, the industry looks set to see its growth continue.

For more information on Cannabis Strategic Ventures, visit Cannabis Strategic Ventures, Inc. (NUGS)

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.

Receive Text Alerts from CannabisNewsWire: Text “Cannabis” to 21000

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

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

CannabisNewsWire (CNW)
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www.CannabisNewsWire.com
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420 with CNW – Lack of Regulations and Doctors’ Fears Threaten UK Medical Cannabis Program

Many patients celebrated when the UK government announced that doctors could start prescribing medical marijuana come November 1. However, the reality after that date is turning out to be frustrating for many patients as doctors seem reluctant to prescribe medical marijuana.

The first hurdle that patients have to negotiate is to find a specialist doctor who can prescribe medical marijuana for the condition which the patient has. This requirement is different from what happens in other countries where any GP can prescribe medical marijuana after enrolling to participate in the program.

As it is, many specialist doctors approached by patients for a prescription are turning away those patients for a variety of reasons.

Some of the doctors are saying that medical cannabis is just a fad which will pass in no time. They therefore see no need to involve themselves in such a “passing wave”. Such a mentality shows how much needs to be done to inform doctors about the medicinal benefits of marijuana.

Other specialist doctors are refusing to prescribe medical cannabis because those products are an unknown entity which hasn’t been subjected to double-blind, placebo-controlled clinical trials similar to what other drugs or pharmaceutical products undergo before coming to market.

The doctors fear that they could be held liable in case an adverse effect occurs to a patient for whom that doctor wrote a prescription for medical cannabis.

Such a fear could have been resolved in case appropriate regulations had been passed to control which marijuana products are permitted on the market.

Even patients who don’t go through specialist doctors and opt to apply to the temporary approval panel to get a license for medical cannabis have been met with rejection.

Hannah Deacon is the mother to one of the two boys whose cases generated such a huge public outcry that the government changed the existing law to make medical marijuana legal in the UK. She now works with a cannabis campaign group and has been getting calls from parents whose kids have been denied medical cannabis prescriptions.

A consultant neurologist, Dr. Waqar Rashid, understands the frustration of the patients who want to access medical cannabis. He also appreciates the concerns of the doctors and he has therefore formed a society of medical cannabis clinicians in order to disseminate information about medical cannabis. The group will form the core around which other doctors will be brought on board to prescribe medical cannabis. So far, 60 clinicians have joined that group spearheaded by Dr. Rashid.

The efforts by clinicians like Dr. Rashid and the groups of parents and patients, such as the one Hannah Deacon works with, are the way to go if clarity is to be attained on the way medical cannabis is to be availed to the patients who badly need it. Participants in the cannabis industry, such as Cannabis Strategic Ventures, Inc. (OTC: NUGS) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) applaud all those who are adding their voice to the calls for medical cannabis to be accessible to everyone who needs it within the UK or elsewhere.

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

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420 with CNW – California Proposes Tough Changes to Marijuana Regulations

The Bureau of Cannabis Control, together with the Department of Public Health and the Department of Food and Agriculture in California have released an updated draft set of rules that will form the permanent regulations which will govern the cannabis industry in the state.

The public has been invited to provide its input to that draft so that the regulators can finalize the document in early December. Public comments will be received until November 5.

Experts say the draft contains a number of “bombs” that will have a major impact on the way the industry operates.

For example, the draft set of permanent rules seeks to prevent third party entities from participating in the delivery of cannabis to consumers or retailers/distributors. Only third parties that have a cannabis license may get involved in the distribution of marijuana.

That measure would affect technological platforms which had come up to generate revenues from cannabis distribution. The draft regulations allow tech platform to facilitate the distribution as long as those platforms don’t earn from such an undertaking. This seems logical, since those tech platforms don’t have a marijuana license issued by the State of California.

Secondly, the draft rules seek to lower the quantity of cannabis that a delivery vehicle may transport during a single trip. Previously, delivery vehicles were allowed to carry cannabis or cannabis products worth a maximum of $10,000. That limit may now drop to $5,000 if that provision stays as it is in the draft rules.

Furthermore, at least $2,000-worth of cannabis from the $5,000 value loaded onto a delivery vehicle has to be for orders that have already been made. This provision may be intended to curb the practice of delivery vans moving with excess products in the hope that additional buyers will show up where the vehicle has gone to take products.

The third major change being introduced in the draft of permanent rules is the requirement for cannabis businesses to disclose everyone who has a stake in those businesses. The regulators want to know everyone who stands to benefit from the industry, so silent partners will become a thing of the past in the marijuana industry.

On a brighter note, the updated draft intends to reduce the stringent test requirements that previously resulted in many products failing those tests and being recalled from the market. This provision seems to be in response to a cry from the industry regarding the current testing protocols.

Additionally, licensed marijuana events will also no longer be restricted to county fairgrounds. This paves the way for a variety of cannabis events to crop up within the state as the years go by.

The updated draft rules seem to have been informed by the different situations on the ground as the industry evolves. Some areas have been tightened while other regulatory areas have seen restrictions eased somewhat. It remains to be seen what marijuana companies like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) make of those draft permanent regulations.

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

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420 with CNW – Facebook Lifts Ban on Marijuana Searches Ahead of Canadian Cannabis Legalization

While the U.S. customs authorities may be unsure about how to respond once recreational marijuana becomes legal in Canada, social media giant Facebook has taken the step to stop preventing search results from showing in case a user is looking for cannabis pages, articles and organizations, among other kinds of related content.

Facebook has been filtering out any search results connected to cannabis for more than a year. This action was in line with the platform’s rules that barred illegal products and substances from being traded or trafficked using the platform.

That is now bound to change as Facebook users from around the globe will now be able to access marijuana-related content using the search feature of the platform.

However, there will be a condition to accessing cannabis information. Only verified pages, personalities and organizations will be listed in the search results.

Facebook currently has two signs of verification, a blue and grey verification mark. The blue mark is reserved for brands, media companies and public figures. Other verified cannabis accounts or pages will have the grey verification mark.

The verification process starts with the marijuana business giving Facebook a phone number which is listed publicly. The social media platform then makes an automated call to that number and the receiver is expected to enter a 4-digit code once he or she is prompted to do so during the phone call.

Previously, government marijuana dispensaries, advocacy agencies and other organizations could not be found on Facebook due to the restrictions designed into the search algorithm of the social media platform.

The changes in the laws of different countries and states has motivated the change of heart at Facebook in order to enable Facebook users to access marijuana content without any undue limitations.

It is worth remembering at this point that marijuana video content could be accessed even when the restrictions on cannabis were in force. The algorithm changes being rolled out will have no effect on access to such video content.

The move by Facebook has been welcomed by cannabis advocacy groups, such as Marijuana Policy Project, who said that it was long overdue for the social media platform to change how it regards marijuana.

Many polls show that the public wants marijuana to be decriminalized, and many jurisdictions have passed laws permitting marijuana use for either medical or recreational purposes. Facebook and other platforms should therefore start looking at marijuana favorably since it is now legal in many countries or jurisdictions. Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) must be pleased by the change made by Facebook.

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

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420 with CNW – Thousands of Marijuana Plants Seized in California Forest

The office of the San Bernardino County Sheriff recently announced that they had seized more than 10,000 cannabis plants that were growing in the San Bernardino National Forest. The plants were in three large plots that appear to have been cultivated by members of a drug trafficking gang.

There was evidence that people were living around the cannabis plots in order to tend to those plants. Camping gear and trash was found where the plants were found by a combined force from the U.S. Forestry Service, the County Sheriff’s Office and the Department of Fish and Wildlife. These law enforcement agencies were collaborating under a program called CAMP (Campaign Against Marijuana Planting).

The marijuana plants were in plots located in Marble Canyon, East Fork Canyon and Arctic Canyon.

Police said that the drug traffickers cleared the forest in order to plant the marijuana. Such actions cause irreparable damage to the forest cover. The toxic pesticides and the fertilizers which are used in such activities also seep into the ground and pollute the water as well as the wildlife there.

The press release didn’t reveal who the suspects in this seizure were, but the public was urged to report any other marijuana plots they see as they hike through the forest or any other secluded areas. Callers could provide tips anonymously or reveal their identities if they so wished. Different contact numbers were also provided in the press release for those willing to provide information regarding the illegal growing of cannabis in the forest or anywhere else.

The investigators asked hikers to be cautious since there is a risk of being harmed by criminal organizations that participate in such illegal growing of cannabis. It was therefore better to stick to the marked hiking trails or to take precautions, such as moving in groups, when branching off the marked trails during a hike.

People who grow marijuana illegally see the National Forest as an attractive location since it has several of the ideal conditions they desire. The first requirement is seclusion so that the illegal activity can remain undetected for long. Secondly, the forests have naturally fertile soils and springs which can make it easier to grow the cannabis.

Those conditions will keep attracting more drug trafficking organizations to the forest, so the latest seizures are unlikely to be the last. Perhaps the authorities need to find ways to make legitimate cannabis businesses like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) offer their products at such a low price that the risk of growing cannabis illegally will no longer be worth the possible gains from such an illegal activity.

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

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420 with CNW – Colorado Data Shows Drop in Workplace Fatalities After Medical Marijuana Legalization

Researchers from three universities (Montana State University, American University in Washington D.C. and Colorado State University) have analyzed workplace fatality data spanning from 1992 to 2015 and discovered that there were fewer fatal accidents at work once medical cannabis was legalized. The research will be published in October in the International Journal of Drug Policy.

The findings seem to be unexpected given that it has always been known that cannabis use compromises cognition and psychomotor activity, so fatal accidents would increase rather than decrease once medical cannabis use was permitted by law.

However, the data speaks for itself. A 19.5% drop in the expected workplace fatalities was discovered when the U.S. Department of Labor data for the 25-44 age bracket of employees was analyzed.

Furthermore, this reduction seems to increase as time elapses. A drop of 34% in fatal accidents at work was observed five years after legalization. This seems to suggest that the longer medical marijuana stays on the law books, the fewer the fatalities at work.

The researchers were of the opinion that the drop in workplace fatal accidents could be attributed to the reduced use of alcohol and prescription opioids by workers in favor of medical cannabis. This appears to be true given that the reduction in fatalities is statistically significant in those states where pain is one of the conditions for which medical cannabis can be used.

The drop in fatalities pales to insignificant levels when attention focuses on those states where pain isn’t on the list of qualifying conditions for the use of medical marijuana.

The research provides more concrete proof about the gains which can be realized when medical cannabis is permitted by law.

Nevertheless, many states still allow employers to test for and punish employees who are found with cannabis metabolites in their bodies, regardless of whether such an employee was permitted to use medical cannabis or not.

This opens further work for medical cannabis advocates, because the rights of employees need to be protected. After all, one cannot be fired or sanctioned from going to hospital and taking the medication offered, can they? The same understanding should be extended to patients on medical marijuana.

As things stand, patients and advocates can only hope that the wave of medical cannabis decriminalization that is sweeping across the U.S. results in the necessary legal reforms so that users of medical cannabis stop being victimized at work for consuming a legally permitted product. Companies like BLOCKStrain Technology Corp. (TSX.V: DNAX) (OTC: BKKSF) and Cannabis Strategic Ventures, Inc. (OTC: NUGS) know all too well the headaches associated with a mixed bag of conflicting laws.

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

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