Tag: OGI

CannabisNewsBreaks – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Announces Q4 and 2019 Fiscal Year Results

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its results for the fourth quarter and fiscal year ended August 31, 2019 (“Q4” or “Q4 2019”). Among the highlights, Organigram reported a 547% growth in 2019 net revenue to $80.4 million from $12.4 million in 2018, and a 575% increase in 2019 gross margin, before fair value changes to biological assets and inventory, to $37.9 million or 47% of net revenue from $5.6 million or 45% of net revenue in 2018. “Our 2019 results reflected a successful year for Organigram. Not only did we report strong top-line growth and establish an enviable national market share position in Canada, we generated positive adjusted EBITDA – one of the key measures we use to evaluate our performance,” Organigram Chief Executive Officer Greg Engel said in the news release. “In 2019, we increased staffing and capacity to meet forecasted demand and maintain inventory in the market. Industry structural issues have challenged supply and demand dynamics in the short-term but we believe the growth opportunity in the Canadian cannabis market remains intact.”

To view the full press release, visit http://cnw.fm/GS2eh

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select Market and a Toronto Stock Exchange (“TSX”) listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the company is regulated by Health Canada under the Cannabis Act (Canada) and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.

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

About CanadianCannabisWire

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

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

Please see full terms of use and disclaimers on the CanadianCannabisWire 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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Minnesota Marijuana Legalization Advocates Take Lessons from Colorado

This week, former Colorado public officials Stanley Garnett and Doug Friednash, who were opposed to marijuana legalization, shared their opinions with Minnesota legislators about the things to consider if cannabis is to be legalized.

The two are currently members of a Denver law firm with a department dealing with marijuana and industrial hemp. They said that they are sure they made the right decision by opposing legalization. At the time of their speech, they were invited to Minnesota by Ryan Winkler, who is the Minnesota House Majority Leader. Winkler is heading the cannabis legalization initiative in Minnesota.

The two said that the reason they accepted the invitation was to express their fears on the legalization of adult-use weed and regulations if Minnesota moves forward with the initiative. Friednash, who is the former chief of staff to Colorado’s Governor John Hickenlooper, said that other states that opt to follow Colorado could learn from their experience.

Friednash went on to say that the process of legalization was scary because no other state had done it and were afraid of the implications since they were being watched internationally.

Garnett, who served as the district attorney in Boulder County for three terms, said that he was in favor of adult-use marijuana prohibition before the voter approval in 2014.

Garnett has had a change of heart because he is now in favor of recreational marijuana legalization, as it ensures public safety. He noted that Colorado’s experience with marijuana has revealed that with proper rules in place, legalization is better than criminalization.

Garnett further said that he was initially doubtful of the success of the 2012 referendum in Colorado which required legislators to allow for the legal cultivation, possession, use, and sale of cannabis to adults.

Garnett also said that marijuana prohibitionists claimed that the legalization of adult-use pot would lead to the collapse of the western civilization because of increased crime rates, deaths, as well as deterioration of public safety. But, none of these have happened since legalization.

In Minnesota, they have a medical cannabis program that permits patients with a limited set of illnesses to use marijuana. The drugs can be accessed only in the form of a pill, oil, or vapor.

Winkler, together with other broader marijuana advocates, are drafting a bill for the next legislative session and the majority of the Democrats are in favor but the Republicans are against the legalization of marijuana for non-medicinal use. He says that they aim at creating a legal and regulated market while still enforcing action against illegal activities such as underage use and the black market.

The two officials also attended other functions during their stay in Colorado, such as the citizen meeting at the town hall, and they also met with leaders of the Minnesota Police and Peace Officers Association (MPPOA).

The Executive Director of MPPOA, Brian Peters, appreciated the Colorado officials’ willingness to talk about the challenges they faced during legalization.

Friednash said that states need to change the packaging and labeling of edibles to make them less attractive to children. He also noted that stringent control of plant products should be implemented.

Friednash further said that before licensing, the state has to consider agricultural, revenue, and public safety impacts in addition or marijuana’s effects on the education system and human rights.

Industry watchers say cannabis entities like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) could be pleased that the Minnesota lawmakers opted to listen to both sides of the legalization debate from the perspective of Colorado.

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.

420 with CNW – What Women Should Know About Marijuana and Breast Cancer

Breast Cancer Awareness is held in the month of October. Chances are, you know someone who has been diagnosed with breast cancer. According to U.S. breast cancer statistics, there is a probability that one in eight women in America will develop breast cancer over their lifetime.

The Centers for Disease Control and Prevention states that not factoring in other types of cancers, the most common type of cancer among women in the U.S is breast cancer. It does not discriminate on race or ethnicity, and anyone can develop breast cancer.

Women can now use marijuana to manage the side effects and pain caused by breast cancer treatment. Listed below are the benefits of using medical marijuana for breast cancer:

  • Eases pain by reducing inflammation.
  • Manages chemotherapy side effects such as nausea and vomiting.
  • Stimulates appetite suppressed by rounds of chemotherapy.
  • Relieves anxiety.
  • Induces relaxation thus stimulating sleep.
  • It inhibits the growth of cancer cells and reduces the size of the tumor.

It is essential to understand that women and men’s health differ; therefore, the medical community has tried to develop treatment tailored to meet the needs of each individual instead of thinking one size fits all.

Cannabinoid receptors in women are sensitive, especially those located in the uterus, and since they are concentrated, they help in relieving pain, regulating mood, improving appetite, and inducing sleep more effectively than in men. Also, women require lower doses of marijuana because the presence of cannabinoid receptors enables their bodies to absorb marijuana quickly and efficiently. This provides them with better pain relief and management of other symptoms they may experience.

The regular use of marijuana can lead to marijuana tolerance, and this would require women to up their dosage over time.

The menstrual cycle causes estrogen levels to fluctuate, which makes women more sensitive to the effects of marijuana. Therefore, they should adjust the doses according to the level of the estrogen to achieve the desired impact. For example, lower doses should be taken around ovulation when estrogen is highest.

Hormonal therapy is prescribed for women to slow the growth and spread of breast cancer cells. This therapy can either add or remove hormones, which eventually affects the body’s response to marijuana. A recent study on cannabis that used animal subjects shows that CBD, one of the compounds found in marijuana, helps to shrink breast cancer cells and reduce tumor growth.

Experts think that different groups of patients need specialized information to help them understand how medical marijuana can be of help to them, and that could be the reason why marijuana companies like VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) emphasize the provision of information so that customers make informed decisions when selecting products.

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.

420 with CNW – Bill Filed in Illinois to Give Marijuana Industry Greater Access to Banking Services

Last week, an Illinois lawmaker filed a bill that would increase access to banking services for marijuana businesses. The number of financial institutions accepting to transact with marijuana-related businesses is increasing; however, the majority are still wary of doing business with cannabis businesses while cannabis remains federally illegal.

Now new legislation that would create a licensing process for banks and credit unions has been introduced by Democratic Representative Kambium Buckner. The bill would allow financial institutions to accept and issue special purpose checks for cannabis businesses.

The new legislation coincides perfectly with the comprehensive marijuana legalization bill, signed by the Illinois governor, which is set to take effect on January 1, 2020.

Although the legislation would have no effect on federal marijuana policy, it would help mitigate the risks that are faced by marijuana businesses operating on a cash-only basis by allowing licensed financial institutions to accept alternative methods of payments.

The new legislation assigns the responsibility of issuing the licenses to the Cannabis Banking and Credit Union Advisory Board.

The provisions of the bill include providing a safe and fast way to pay state and local fees and taxes, facilitating the payment of rent associated with marijuana business account holders as well as issuance of special purpose checks. The board would also have to invest in the state’s economy legally and reduce the burden of collecting and managing large sums of money from the local government.

Individuals or entities that have received limited marijuana charters or credit unions are expected to follow the Federal Bank Secrecy Act. They are also required to comply with the reporting guidelines for the Financial Crimes Enforcement Network.

The special purpose checks issued by the financial institutions can only be issued for the specific tasks as stipulated in the legislation. For example, paying off local and state taxes, rent, and issuing of bonds or warranties would only be allowed through these checks.

Marijuana limited charter banks and credit unions can form a network by entering into a contract. But, this would not prevent them from providing financial services to other businesses other than cannabis businesses.

The introduction of the new legislation finds Congress deep in the bipartisan legislation debates, which are meant to protect banks from being penalized by the federal regulators for transacting with marijuana businesses across the legal states. The SAFE Banking Act, which was approved by the House in September, is expected to secure Senate Banking Committee approval before the end of 2019.

In an interview with an online industry publication last week, the panel chairman, Senator Mike Crapo said that he is in support of holding a committee vote in the near future. But, he is suspicious of the House impeachment proceedings that could delay the marijuana banking vote.

Experts are of the view that cannabis businesses like ChineseInvestors.com (OTCQB: CIIX) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) may be hoping that this Illinois bill is enacted so that cannabis businesses can access some banking services.

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 – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Honored with Top Product Award in High THC Bottled Oil Category at 2019 Canadian Cannabis Awards

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced that the company was honored with the Top Product Award in the High THC Bottled Oil Category for its medical product, Rossignol, at the November 8 Canadian Cannabis Awards Gala in Toronto. The annual event honors outstanding people, products and companies in Canadian cannabis. Organigram was also recognized in eight additional categories, including Brand of the Year and Employer of the Year. “We are incredibly proud of our teams, whose dedication and commitment to creating thoughtful, innovative products and brands was celebrated last night in a room full of our peers,” Organigram CEO Greg Engel said in the news release.

To view the full press release, visit http://cnw.fm/xibB3

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the company is regulated by the Cannabis Act and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.

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

About CanadianCannabisWire

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

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

Please see full terms of use and disclaimers on the CanadianCannabisWire 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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Mexican Supreme Court Extends Marijuana Legalization Deadline

The Mexican Supreme Court has extended the deadline for marijuana legalization, which it made last year when lawmakers were given up to  October 31 to change the policy on prohibition of personal use or cultivation of marijuana by terming it unconstitutional.

The previous ruling had stipulated that the policy be changed by  October 31, but it has now been extended to April 30, 2020.

The Mexican Supreme Court granted the extension on Tuesday but publicized it on Friday. Last week, the committee submitted a comprehensive marijuana legalization bill to the Senate. Due to the additional time granted by the Supreme Court, the Senate is going to break down the legalization bill and begin debates on it this week.

The lawmakers requested the extension on Tuesday last week after seeing that it would be impossible to conclude the debate and vote before October 31. Their motion of deadline extension was approved by the court, which noted the complexity of the process. They also observed that the circumstances for the request were unique and exceptional.

Some of the concerns to be discussed by the lawmakers include the monopolization of the marijuana industry by multinational marijuana corporations once they join the legal market. Marijuana advocates have also complained about the strict policies regarding the number of marijuana plants to be cultivated at home.

The legislation which was approved last week by the committees stipulated that 20% of the licenses be awarded to economically disadvantaged persons. The bill also stated that people who are 18 years and above could possess, purchase, and consume marijuana. It also allowed people to cultivate up to four marijuana plants.

Since the Supreme Court ruling, the legislators have been submitting various bills that were used to make the legislative reforms. The policies were also developed from the input gathered from the solicited public information on reform proposals.

The Senate might add several policies to the legislation since they have six months to act on the legislative reform. The Senate Health committee also filed a new bill this week. The bill might be added to the proposed changes because the advocates feel that it is an improvement to the last proposal, which was to be voted on. For instance, the new legislation allows people to grow a maximum of 6 plants and possess a maximum of 30 grams of marijuana; however, the new bill prohibits edibles and THC-infused beverages.

The Mexican Senate has not reached a consensus about marijuana legalization in the country and how it should look. But, the leaders still insist that they are close to finalizing the comprehensive marijuana legalization plan. The Senate leader of the MORENA Party, Senator Monreal, said that the Senate would vote on the bill in the first weeks of November. However, after the Supreme Court extended the deadline by several months, it is not yet clear if he will also extend further.

After approval by the Senate, the legislation will be forwarded to the Chamber of Deputies and, finally, the president’s desk.

It would be interesting to learn what established cannabis companies like Neutra Corp. (OTC: NTRR) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) have to say about the possible regional implications of marijuana legalization in Mexico.

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 – Expelled Student Using Medical Marijuana Sues College for Discrimination

In America today, the conflict between federal and state marijuana laws has turned colleges into a battleground as students who are on medical marijuana come together to challenge campus policies that were formed in a different era.

Students disciplined for using medical marijuana in legal states are filing lawsuits against their schools. College officials argue that if the colleges fail to adhere to the federal law that terms marijuana as an illegal drug that is not accepted for medical use, their college could lose federal funding.

Sheida Assar has polycystic ovary syndrome whose symptom is chronic pain. She uses medical marijuana to manage her pain. Last month, she was expelled from Gateway Community College in Phoenix after testing positive for marijuana, which violated the school’s drug policy, said Assar.

According to Assar, an instructor told her that as long as she presented her medical marijuana card, she would have no problems. She further said that she was studying diagnostic medical sonography and never attended class under the influence and that she uses medical marijuana to help with insomnia.

The 31-year-old Assar said that she was yanked out of class like a criminal in the middle of school and escorted to administration. She further said that under the Arizona medical marijuana law, the act was outright discrimination and violation of her rights.

Nursing students and other medical specialties who must undergo compulsory drug testing as per the school policies are the ones raising the legal challenges.

The college employees who serve the students with their health-related needs are the ones who issued Assar and other students with the right to use medical marijuana, only for the higher ranking officials to issue disciplinary action later on.

Assar said that she is suing Gateway for the money spent on tuition, which was $2000 and other educational expenses. She also intends to seek more money in damages. She further said that her lawyer contacted the school.

A 2012 state law that termed it illegal and criminal to possess or consume marijuana in college campuses was overturned last year in a ruling by the Arizona Supreme Court.

Christine Lambrakis, the Gateway spokeswoman, said that she could not comment on Assar’s status at the school and that the college is still prohibiting the use of marijuana. She further noted that although the policies will not change in the meantime, the school is working on reviewing them.

Experts expect the entire marijuana industry, including Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) and Dama Financial to follow these cases brought against colleges since the outcome is likely to prompt states to compel higher education institutions to bring their policies into alignment with the current medical marijuana laws.

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 – Group Campaigns for Congressional Action on Pesticide-Free Marijuana

Last Tuesday, Beyond Pesticides, a nonprofit organization said that a lack of federal regulations on pesticides used on marijuana plants is putting marijuana consumers at risk.

Beyond Pesticides are advising their supporters to send letters to lawmakers urging them to hold hearings and investigations on the illicit use of unapproved pesticides in the legal markets to prevent toxic pesticide contamination. They are urging the state to advise the farmers to adopt an organic system of planting the cannabis crop.

The Environmental Protection Agency (EPA) has to approve and register each crop before farmers can apply the pesticide. And since cannabis is not a legal agricultural crop, EPA will not be able to register any pesticides for the crop as it will require first to carry out studies showing their environmental and human impact. Moreover, there are no established tolerances for pesticide use in marijuana plants; therefore, EPA cannot approve labeling of the product’s safety requirements.

However, in August, EPA announced that they are reviewing ten pesticides that can be used on hemp crops.

Some states that have implemented their own regulations regarding pesticide application in cannabis crops have reported several cases of contamination. These states include California, Colorado, and Oregon. This situation requires congressional interference, argues Beyond Pesticides, because the use of federally registered pesticides is prohibited in other states.

The letter says that states do not have the permission to allow the use of pesticides in marijuana production or processing because of the absence of federal testing on the possible effect of pesticides on marijuana users, producers, and the environment as a whole. However, it can provide guidelines for sustainable production practices meant to protect the health of the consumers and the environment.

The nonprofit organization argues that the only option for marijuana farmers is to embrace input exempt from federal registration and adopt organic soil management practices. However, the downside to embracing the organic soil management approach is the continued registration of pesticides for marijuana in some states, which violates federal law.

The group further argues that it would be prudent, precautionary, and a positive trajectory for the farmers to follow the dictates of the national organic soils management practices when growing marijuana.

Beyond Pesticides says that it is essential to limit consumer exposure to pesticide. This is because pesticides introduce toxic chemicals to medical marijuana products. And, the ability of the body to detoxify these pesticide chemicals can be hindered by using medical marijuana because cannabinoids essentially inhibit enzymes that assist in detoxifying chemicals.

Beyond Pesticides made two recommendations to be addressed by Congress. The first issue is for Congress to hold hearings documenting states that are using federally registered pesticides, thus violating federal law. The second issue is for Congress to request the Office of the Inspector General and Government Accountability Office to conduct an investigation that clarifies the responsibility of the EPA and state enforcers in ensuring pesticide product labeling compliance.

It is strongly believed that cannabis industry actors like Neutra Corp. (OTCQB: NTRR) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) are also concerned about pesticide use but a definitive direction can only be provided by the authorities.

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 – Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) Honored with Excellence in Manufacturing Consortium Award

Organigram Holdings (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, today announced its recognition at the Excellence in Manufacturing Consortium (“EMC”) Awards of Excellence ceremony held on October 9 in Toronto. According to the update, Organigram was honored with an Outstanding Member Contribution Award for delivering exemplary support to the EMC over the course of its membership. Organigram Senior Vice President of Operational Services, Jeff Purcell, accepted the award, which recognizes organizations that demonstrate outstanding achievement in manufacturing. “Producing high-quality cannabis in a state-of-the-art indoor environment, Organigram operates in an interesting cross-section of horticulture, consumer packaged goods and manufacturing,” Purcell was quoted in the news release. “We are very proud to accept this award and support EMC, a group that sets the standard for manufacturing excellence in Canada.”

To view the full press release, visit http://cnw.fm/4P8aL

About Organigram Holdings Inc.

Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada. Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the company’s global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics, Trailer Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton, New Brunswick and the company is regulated by the Cannabis Act and the Cannabis Regulations (Canada). For more information, visit the company’s website at www.Organigram.ca.

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

About CanadianCannabisWire

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

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

Please see full terms of use and disclaimers on the CanadianCannabisWire 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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

420 with CNW – Study Finds Youth Cannabis Use Reduced After Marijuana Legalization in Washington

A new study by Washington State found that the number of youths using marijuana has reduced following the state legalization of recreational marijuana.

According to the study, the number of students in grades six, eight, 10, and 12 in King County purchasing marijuana for personal use reduced or remained constant the whole of 2016. The consumption rate of the female students in grade 10 remained constant while that of the male students decreased. However, there was a spike up to four times the number of alcohol users among the users and non-users of cannabis.

The Centers for Disease Control and Prevention Morbidity and Mortality published the findings in their weekly report this Friday supporting past studies with similar results on the decline of marijuana use among the youths after legalization of recreational cannabis in Washington and other states in the U.S.

To assess the health risk behaviors of the youth, the department of health in Washington conducts a Washington State Health Survey among public school students in grades six, eight, 10, and 12 after every two years. While conducting their study, the researchers from Seattle and King County analyzed the data from 2004-2016 on substance abuse before making their conclusions.

The researchers established that there was a decline in the number of sixth-graders using marijuana in the past 30 days, while there was no change in the number of eighth-graders who used weed in those 30 days. The rate of the sophomores and seniors consuming cannabis increased in the year 2004-2012; however, the percentage decreased after marijuana was legalized for personal use in 2012. The findings from the survey contradict the opponents who thought that legalizing marijuana would pave the way for access to cannabis by teenagers.

From the analyzed data, they found that grade 10 students who admitted to using marijuana in the past month also used other substances such as alcohol, vape pens, and cigarettes. 67% used alcohol, 43% vape pens, and 24% cigarettes.

The reason why the rate of marijuana consumption among teens decreased is because of the reduction in the illicit supply of weed by introducing legal competitors in the markets. The youth may have also lost interest in the drug once it became legal. The government should also monitor other factors that prompt the use of marijuana, such as association with family and friends.

The decline or constant state of marijuana consumption was also evident in the state of Colorado and Oregon, who legalized recreational marijuana in 2013 and 2014, respectively.

Analysts agree that marijuana industry players like Neutra Corp. (OTCQB: NTRR) and Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) feel vindicated that research has shown that legalization of marijuana was never a ploy to get kids using 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