420 with CNW — President Biden Reaffirms Pledge to Fulfill Cannabis Campaign Promises

A few months after President Joseph Biden assumed office, his administration passed a major infrastructure bill that, among other things, provided billions of dollars for the development of a nationwide network of public electric vehicle chargers, fulfilling a promise he had made while on the campaign trail. However, the administration has been slow to pass the cannabis reforms President Biden had promised while campaigning, with Biden failing to make a definitive public statement about marijuana policy in the year and a half since he entered the Oval Office.

After more than a year of silence on cannabis reforms, the president has now revealed that his administration is “working on” plans to meet his pledge to pardon and free people who are currently in prison due to cannabis-related offenses. It is the first time he has made a public statement about his administration’s plans to enact cannabis reform since he became the president.

While speaking to journalists on the White House lawn after he stepped off Marine One, Biden said that he didn’t think anyone should be incarcerated for using cannabis. Although he didn’t provide any specifics, the president said that his administration was currently working on a crime bill; press staff from the White House did not respond to further queries for clarification.

Despite dozens of states legalizing cannabis and generating billions of dollars in tax revenue, around 40,000 Americans are currently in prison for marijuana offenses.

According to Richard Bronson, founder and CEO of 70 Million, a staffing agency that serves people with criminal records, people with criminal records “go through hell” to find employment. He said that many of these individuals are men and women of color who, despite serving their time, are still penalized once they enter society. Furthermore, he said the fact that thousands of Americans are still imprisoned for activities that are now legal is an irony of gruesome proportions.

Since he took office, Biden has received several requests from advocates and lawmakers to exercise his executive powers and issue mass pardons for people who were convicted for nonviolent, cannabis-related offenses. His administration has received nearly a dozen letters from advocates, lawmakers and others who have been personally impacted by cannabis prohibition to pardon people who are still imprisoned for cannabis offenses,

The only action Biden has taken has been to grant clemency to dozens of people with nonviolent marijuana convictions on their records in April. Although his actions were lauded, they are still a far cry from the mass pardons advocates and lawmakers have been seeking.

To the cannabis industry and its leading actors, such as Cannabis Strategic Ventures Inc. (OTC: NUGS), concrete actions to implement the ending of prohibition or its facets carries more meaning than the current rhetoric to the effect that the matter is being considered.

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

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420 with CNW — Revised Lawsuit Wants DOJ to Explain Gun Ban for Medical Marijuana Users

Dozens of states may now allow medical and recreational cannabis, but continued federal prohibition has been a major thorn in the state-legal cannabis industry’s side. Marijuana’s federal classification as a Schedule I drug has made it nigh impossible for cannabis businesses to access financial services and significantly hindered investment in the industry.

Furthermore, federal prohibition has led to plenty of cannabis consumers being penalized for engaging in acts, such as purchasing and consuming cannabis, that are legal in their state. A recent lawsuit seeks to understand the rationale behind one such penalty: preventing medical marijuana users from purchasing guns.

After a recent ruling from the Supreme Court overturned state gun restrictions, a top Florida official filed a lawsuit asking the U.S. Department of Justice to explain why medical marijuana users are barred from buying guns. Citing the Supreme Court ruling, attorneys representing Florida agriculture commissioner Nikki Fried and other plaintiffs recently filed the revised complaint in a federal district court.

They argued that there simply isn’t a historical tradition of stripping people of their second amendment rights to bear arms based on marijuana use. The amendment was ratified more than a century before the United States launched the war on drugs, they say, and doctors were known to prescribe marijuana before America embarked on cannabis prohibition.

Coupled with the SCOTUS ruling, which states that restrictions on gun rights must be consistent with the second amendment, the attorneys argue that the ban preventing medical marijuana users from buying guns simply doesn’t hold water. The filing highlighted marijuana’s history as a “legitimate and legal form of medicine” in Western territories such as America and England, stating that the controversial drug had been discussed and even researched for its drug potential when the second amendment was ratified.

Until the mid-twentieth century, the filing goes on, there were no regulations and laws preventing people who used cannabis from accessing firearms. Commissioner Fried first issued the lawsuit in April, claiming that the Biden administration was acting unconstitutionally by banning guns for medical marijuana users. She directed the lawsuit to the head of the Alcohol, Tobacco, Firearms, and Explosives (ATF) and Attorney General Merrick Garland.

The Department of Justice now has until August 8, 2022, to respond to the revised lawsuit. However, the DOJ has already intimated that rather than defend the rationale behind the gun ban, it plans on filing a motion to dismiss the lawsuit.

It is individual efforts such as the lawsuits filed by Nikki Fried that could help chip away at the vestiges of marijuana prohibition and eventually result in the kind of regulatory environment, which will allow companies such Cannabis Strategic Ventures Inc. (OTC: NUGS) to establish a footprint across the country if they so wish and thrive.

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420 with CNW — Tips for Cannabis Consumption during the Summer

Summer is all about relaxing and enjoying yourself, whether this is in the form of margaritas by the beach or smoking a joint to improve your mood. However, with multiple heat waves expected this summer, there are a few things you should keep in mind, especially if you plan to consume marijuana.

Cannabis has a “cooling” ability

Some studies suggest that cannabis can lower an individual’s body temperature, with researchers explaining that this may be caused based on how THC interacts with the TRPA-1 receptor. This side effect will come in handy for those living in regions with very high temperatures.

However, this cooling phenomenon doesn’t occur in all weed, with experts noting that the use of consumption methods, which heat the product like dabs or bong rips, may activate the body’s cooling response faster.

Too much heat can weaken your weed

Cannabis needs to be stored properly regardless of where you live, especially if you like to buy it in bulk or don’t smoke frequently.

This is because light breaks down and weakens cannabis while heat causes it to mold. Therefore, during summer months, be sure to store your weed in an airtight glass jar in a cool and dark place to retain its potency.

Keep your edibles from melting

Edibles are perfect for any and all occasions. However, they are almost useless when they melt because they break down in high heat. After purchasing edibles this summer, ensure you store them in a safe place and only take out what you want to consume, leaving the rest in a cool place.

If this will not be possible, then you should consider tinctures and flower because they don’t break down easily in extreme heat.

Be careful as you smoke

If you like vaping, then you should ensure that you store your vape in a cool dark place this summer. Overheating your vape may cause the product to weaken, cause leaks or even cause it to malfunction.

It is also important to remember that glass retains heat, so when using a bong to smoke weed, use use it in a cool place instead of in the summer heat. This will help prevent the glass from cracking or even shattering.

Remember to stay hydrated

It is important to remain hydrated in this summer heat so you don’t pass out. If you aren’t big on smoking but would still like to consume marijuana, then you should consider drinking a cannabis beverage. These drinks will not only refresh you but also get you high much quicker.

When unsure about any aspect of your cannabis experience, it is always advisable to contact the supplier, such as Cannabis Strategic Ventures Inc. (OTC: NUGS), directly for guidance and clarification about your concerns.

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420 with CNW — DC Mayor Enacts Measure Allowing Patients to Self-Certify as Medical Cannabis Patients

Dozens of states in the United States have now legalized medical cannabis use. In most of these territories, qualifying patients have to receive a recommendation from their doctor before accessing medical marijuana.

In Washington, DC, however, patients will now be able to certify themselves as medical cannabis patients without a physician’s recommendation after the mayor recently signed emergency legislation into law. The district council approved the measure unanimously last week in a 13 to 0 vote.

The emergency bill effectively allows the council to work around a congressional rider that forbids the district from using federal dollars to launch a recreational cannabis market. Councilmembers Mary Cheh and Kenyan McDuffie first introduced the bill.

Mayor Muriel Bowser said that the legislation would build on efforts by Washington lawmakers to create a patient-centric medical cannabis program. She stated that allowing more patients to access medical marijuana when needed and leveling the playing field for licensed medical marijuana sellers will protect the residents, provide opportunities for local businesses and provide much-needed clarity.

Bowser applauded the district council for approving the legislation, calling it an innovative solution to the complex issues that affect DC’s medical cannabis sector. Furthermore, she added that she was looking forward to working with the council and the Alcoholic Beverage Regulation Administration (ABRA) on future comprehensive and permanent medical cannabis reform.

Earlier district council chair Phil Mendelson introduced a similar bill that would have facilitated the self-certification process, but DC lawmakers voted it down in April. The bill had received criticism because of provisions that would have given law enforcement leeway to crack down on unlicensed businesses that were taking advantage of current policies to “gift” cannabis to customers who purchased unrelated services and gifts.

Faced with claims that these provisions could further the harms caused by the war on drugs while benefiting existing industry interests, Mendelson said that the bill said nothing about criminal penalties for such establishments.

He argued that such businesses weren’t just a gray market, they are illegal and are eroding the customer bases of licensed medical marijuana businesses. Mendelson said that his measure would make it easier for licensed medical cannabis businesses to maintain their customer base. However, the law failed to advance.

The emergency legislation that was recently signed into law does not contain these enforcement provisions. However, it notes that customers often have little or no barriers to accessing cannabis from “gray” market suppliers.

The growing frustration about the hindrances to the cannabis industry originating from the federal government’s stance isn’t restricted to sector such as Cannabis Strategic Ventures Inc. (OTC: NUGS). Even jurisdictions such as Washington, DC, are reaching the limit of their patience and have started finding workarounds to the outdated federal restrictions as exemplified by the law discussed above.

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420 with CNW — How Marijuana Retailers Preserve the Quality of Concentrates During Storage

Learning proper storage techniques is crucial for cannabis businesses, especially those looking to succeed in the highly competitive and cutthroat cannabis concentrates segment. Storing cannabis flower isn’t difficult, but improper storage can steadily degrade the cannabis and even lead to the growth of mold. Concentrates, on the other hand, require high-quality storage techniques because they are more sensitive to degradation compared to flower and edibles.

Marijuana concentrates will begin to degrade quickly when exposed to the elements. This means that storing cannabis concentrates products poorly for even a couple of hours could severely degrade them and cause them to change color to black or brown as well as lose their potency and taste. Given the razor-thin profit margins in the concentrates segment, improper storage could have a significant impact on your bottom line.

Duke Barclay, the owner of The Fireplace, a cannabis store in Arcata, California, says that he keeps every concentrate that passes through his hands in a freezer. Once the products are moved onto the sales floor, they are perpetually stored in a small refrigerator. He says that until you plan on either selling or smoking any cannabis concentrate, storing it in a freezer would be best.

In cases where concentrates have lost potency due to improper storage or expiration, Barclay says that retailers are often faced with the choice of either selling the product at a lower cost or reaching out to their supplier for a refund. For instance, multistate cannabis cultivator and concentrate producer 710 Labs was forced to sell products at a 40% discount in the past after a freezer malfunction changed rosin consistency.

According to 710 sales manager Brennan Burke-Martin, retailers who choose not to invest in cold storage may end up sustaining losses down the line due to degraded concentrates. If his company had to sell at a reduced cost even with the necessary cold storage available, companies that don’t buy freezers or refrigerators to store their concentrates are even more likely to sustain losses.

Cold-storing concentrates by type based on how they are extracted is an efficient way to go. Solventless concentrates should be stored at less than -10 degrees in a freezer. 710 Labs recommends storing live rosin, persy rosin and water hash in a freezer under less than -10 degrees. Persy rosin sauce can be stored in a refrigerator or an air-conditioned room that doesn’t exceed 68 degrees.

Burke-Martin recommends that cannabis concentrates made through butane hash oil extraction such as shatter, badder and crumble, should be stored in an air-conditioned room at no more than 68 degrees. However, retailers should ensure they refrigerate or freeze live resin before it is sold.

It is prudent for retailers to know how best to store every kind of marijuana product from different companies such as Cannabis Strategic Ventures, Inc. (OTC: NUGS) because a storage method that is adequate for one product type may be woefully inadequate for another type of product.

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420 with CNW — An Analysis of Four Factors Driving the Marijuana Industry

America’s cannabis industry is projected to grow from $28 billion in 2021 to $197 billion in 2028 at a compound annual growth rate (CAGR) of 32.04%. Given the increased evidence of its medical potential coupled with how well the cannabis industry weathered the coronavirus pandemic and industry projections, plenty of investors have had their eyes on cannabis. But despite marijuana’s awesome growth potential, it is still susceptible to market factors with the ability to limit or enhance its growth.

Public sentiment is one such factor. Cannabis has been criminalized for decades in the United States, with millions of Americans being led to believe that it is just as dangerous as deadly drugs such as cocaine and heroin. Surveys now show that the majority of Americans support cannabis reform, and these attitudes have spread to other countries. Several territories have now legalized the drug, while many more are bound to as public sentiment about cannabis changes.

Competition in the cannabis market will soon be extremely fierce. With a market that’s currently estimated to be worth a whopping $60 billion and projected to see massive growth, cannabis will definitely attract plenty of interested players. By 2020, there were more than 7,000 cannabis dispensaries across the U.S. This number is expected to grow significantly as more states pass cannabis reform, and the demand for cannabis increases.

Technology and innovations have been central to the cannabis industry’s growth. Increased scientific research into the cannabis plant has revealed a multitude of potential medical benefits such as alleviating chronic pain and reducing epileptic seizures. Each new innovation, especially regarding cannabis’ medical abilities, opens up a new market and increases demand.

Innovation and technology can also be leveraged to streamline supply chain activities such as packaging, storage and transport. However, cannabis tech calls for hefty investments from entrepreneurs. This will make it especially difficult for small businesses to compete with large firms that have a large capital base and that can invest in state-of-the-art technologies and innovations.

Everyday economics focus on how economic activities connect the daily experiences of the consumers. In this case, it is important that we understand that while the cannabis industry is definitely poised to see significant growth, things will play out differently for different cannabis companies. To ensure that they succeed despite the inherent uncertainty in the industry, companies should be willing to learn, adapt and grow as the cannabis industry and its market matures.

Marijuana companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS) have to find a way to balance the impact of all those factors as they plan their operations and future offerings.

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420 with CNW — Only Strong Marijuana Firms Will Survive Economic Downturn

The coronavirus pandemic kickstarted a global economic downturn and plunged the world’s economy into the worst recession since World War II. According to the World Bank, most countries should expect their economies to head into a recession, with the global growth rate expected to slow down from 5.7% in 2021 to 2.9% in 2022. This atmosphere will undoubtedly weed out cannabis companies that were only in it for a quick buck as investors become more cautious with their money.

In Europe, marijuana-based startups are having trouble raising capital amid growing fears of a looming recession and global stock markets plunge. Although this is a major disadvantage for companies that are looking to break into the insanely lucrative cannabis space, it could help the industry clear itself of players who weren’t serious about growing and carving out a portion of the market for themselves.

Alastair Moore, founder of cannabis research firm Hanway Associates, says the coming period of economic decline will clear out companies that were only interested in “making a quick buck,” stating that it will be good for the industry. Moore adds that startups with a high chance of survival will have strong and sustainable business models that will attract overcautious investors.

Enexis AB founding partner David Bonnier notes that the medical cannabis space will be resistant to recession as people will still spend on medication. It is a sentiment shared by many investors and executives who believe medical marijuana funding will not be affected as more countries work to legalize medical marijuana use within their borders. Bonnier states that most patients will still make a point to visit their doctors and buy medication, even in the middle of a recession.

The medical cannabis market may be young, but it is already quite lucrative, and experts predict exponential growth over the next couple of years. For example, America’s medical cannabis market is expected to double in size from around $5 billion in 2019 to more than $11 billion in 2024. Cannabis research company Prohibition Partners predicts that the UK’s marijuana market could be worth more than £453 million ($556,016,730) by 2026.

Ben Hamburger is the cofounder of Sana Life Science, a medical marijuana distributor in the UK that recently raised $9 million from investors. He says that investors are asking a lot more questions regarding the company’s growth projections and when it can expect to start turning a profit. What they want to see is marijuana companies with a solid plan that will guarantee them a return on their investments.

The effects of the looming recession aren’t only going to affect marijuana companies in Europe; even North American companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS) are likely scanning the horizon and making contingency plans for when the downturn hits.

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420 with CNW — House Panel Asks Military to Reconsider Cannabis Penalties for Soldiers

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace amounts of THC.

This is despite the fact that studies have shown cannabis can be efficient in alleviating conditions such as, depression, chronic pain, insomnia and post-traumatic stress disorder (PTSD), which are common among military veterans.

A key House panel is now requesting the military to reconsider cannabis penalties for soldiers. The House Armed Service Committee recently approved two amendments to the National Defense Authorization Act (NDAA) that are associated with cannabis-related issues in the military. The first amendment by Rep. Anthony Brown would compel the Military Justice Review panel to develop new recommendations to specify suitable penalties for marijuana-related offenses.

This would include a comparison between the “sentencing standards” for marijuana-related offenses and similar offenses, such as misuse of alcohol. The panel would also need to account for the burden current cannabis sentencing standards place on the military justice system. The panel would have 180 days to issue a report with cannabis sentencing recommendations to the House and Armed Services Committee after the measure is enacted.

Speaking at a press release, Brown said that the military justice system needs to adjust and evolve with the times as states increasingly adopt cannabis reform. He states that while his amendment won’t change current federal law, it will require that the armed forces review its cannabis policies and provide recommendations for possible reform.

The second amendment, introduced by Rep. Seth Moulton, would require that the Department of Defense (DOD) sponsor a study into marijuana’s efficacy against certain conditions compared to opioids. The DOD prohibited all active and reserve military members from consuming hemp products back in 2019 and reiterated through notices in 2020 that CBD was also prohibited.

As per Moulton’s amendment, the secretary of defense would be required to lead a study on the efficacy of medical cannabis as an opioid alternative for Armed Forces veterans. The study would involve veterans diagnosed with a traumatic brain injury, PTSD or any condition that causes severe pain. They should have been prescribed pharmaceutical medications to address their conditions in the past.

The secretary of defense would also have to conduct regular assessments of the study subjects and issue reports to congressional defense committees one year and three years after the study. These reports would cover any benefits and risks associated with using medical cannabis as an opioid alternative and provide any pertinent recommendations.

It is crucial that the military revisits its marijuana policies. it is no longer uncommon to find people using the products from duly licensed companies such as Cannabis Strategic Ventures (OTC: NUGS) for medical or recreational reasons.

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420 with CNW — Colorado Study Finds Teen Cannabis Use Reduced Massively in 2021

A recent study of Colorado’s marijuana industry has revealed a fact that has been consistent in other states with legal cannabis markets: teen cannabis use is on the decline. Prohibitionists across the country had argued that legalizing adult-use cannabis would make the controversial drug more accessible and lead to increased drug use by the youth.

However, several studies have found that legalization has actually had the opposite effect, limiting youth access and reducing the number of young teens who consume cannabis. According to the recent Colorado study, 2021 saw an especially “dramatic” drop in cannabis use by teens. Dubbed the Healthy Kids Colorado Survey, the biennial state poll was carried out by the Colorado Department of Public Health and Environment (CDPHE).

The agency found that young teens were 35% less likely to consume cannabis in 2021 compared to previous years. This is reflective of several prior studies that have contradicted prohibitionists’ claims that legalizing cannabis would have an adverse effect on the country’s youth. However, we should note that the coronavirus pandemic may have played a part in reducing youth cannabis use by keeping potential users in socially isolated conditions.

Either way, it is clear that cannabis reform policies have made it at least a little harder for students to access cannabis. According to the CDPHE’s new study, slightly more than 13% of the surveyed teens said they had consumed cannabis within the past 30 days compared to 20% back in 2013 when the agency first launched the Healthy Kids Colorado Survey.

NORML deputy director Paul Armentano says the Colorado study is consistent with the growing body of literature showing that it is entirely possible to launch a controlled recreational cannabis market for adults aged 21 and older while limiting access to underage individuals.

The 2021 study also revealed that more othan 40% of students found it easy to access cannabis when they were so inclined compared to almost 55% in 2013, a year before the state legalized cannabis and launched a controlled market. Furthermore, more than 60% of the respondents associated cannabis use with “moderate or great risk of harm,” compared to 54% in 2013.

This signifies a shift in how teens see cannabis and its perceived risks and benefits. Prohibitionists had feared that legalizing cannabis would cause youngsters to view it as completely safe, but the study shows youth aren’t looking at cannabis use through rose-tinted glasses.

Senator John Hickenlooper, formerly the governor of Colorado, was not a fan of legalization because he believed that it would encourage drug abuse among the state’s youth. More than a decade later, however, he acknowledges that his fears were unfounded and cannabis youth use is actually declining. He also praises the state’s cannabis industry, stating that legislators “created a good framework” that has been copied by several other states.

The findings of this Colorado study provide further proof that it wasn’t a mistake to open legal marijuana markets in which entities such as Cannabis Strategic Ventures Inc. (OTC: NUGS) can operate.

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420 with CNW — FDA Examines Possibility of Regulating CBD Products as Supplements

In the years since the 2018 farm bill legalized industrial hemp and hemp extracts such as cannabidiol (CBD), the CBD industry has grown into a behemoth. However, the U.S. Food and Drug Administration (FDA) has consistently failed to provide regulations for the industry, allowing it to become a barely regulated space that has been called the Wild West.

After years of relatively little action, regulators are finally taking a look into the cannabinoid market, specifically cannabinoid-infused dietary supplements. Last week, the FDA’s Science Board embarked on an all-day review to discuss specific, complex scientific and technical issues important to the agency and its mission.

Ideally, these discussions would pave the way for crafting suitable regulations for America’s billion-dollar CBD market. But after years of the agency dragging its feet, industry stakeholders have little hope that the review will lead to tangible CBD regulations that would allow businesses to sell CBD-infused dietary supplements.

Missouri-based CBD manufacturer and retailer Vince Sanders says it’s difficult to get excited about the review. He attended the FDA’s first cannabidiol hearing in 2019 in Maryland and has witnessed the agency’s inaction around CBD firsthand. Even more, the FDA’s hearing notice didn’t specifically mention CBD.

The meeting involved external drug safety and nutrition experts who had an informational discussion about the challenges faced in evaluating food ingredients that have some kind of pharmaceutical application, such as CBD, and used cannabinoids as a case study.

Cannabidiol is an active ingredient in an FDA-approved drug called epidiolex that is used to treat seizures in children suffering from Dravet syndrome and Lennox-Gastaut syndrome. Outside of approving the CBD-based drug for medical use, the FDA has done little else to regulate CBD, especially in the dietary and wellness segments. The agency has also stated that it cannot regulate CBD in a nonpharmaceutical setting since it is an active ingredient in an approved prescription drug.

Although the notice didn’t mention CB, some cannabidiol producers have submitted comments to the agency. They hope the FDA will finally acknowledge the fact that the CBD industry is growing exponentially and desperately needs standardized regulations.

The director of regulatory affairs and quality assurance at Vantage Hemp Laura Eder says that players in the cannabis industry either regulate themselves via Good Manufacturing Practices (GMPs) or operate with complete impunity. Studies have found that a significant percentage of CBD products are either mislabeled or contaminated with fungus, bacteria, pesticides and heavy metals.

Some companies have also taken to making absurd and untrue claims about the medical abilities of their products. In recent years, the FDA’s only action regarding the CBD market has been to send such companies warning letters instructing them to desist from making such claims.

The entire cannabis industry, including companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS), would appreciate comprehensive regulatory guidance regarding CBD products so that proper decisions can be made as to how to proceed in this segment.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

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